What is the current annual gross margin of NI?

As of today, NI annual gross margin is 60.12%

What is 1-year change in NI annual gross margin?

NI annual gross margin is up +8.03% year-over-year

What is 3-year change in NI annual gross margin?

NI annual gross margin is up +6.77% over the past 3 years

How far is NI annual gross margin from its all-time high?

NI annual gross margin is currently -1.12% below its historical high of 60.80% set on December 31, 2020

How does NI annual gross margin rank versus sector peers?

NI annual gross margin is higher than 95.28% of companies in Utilities sector

When is NI next annual earnings release?

The next annual earnings release for NI is on February 11, 2026

What is the current quarterly gross margin of NI?

As of today, NI quarterly gross margin is 60.69%

What is NI quarterly gross margin most recent change?

NI quarterly gross margin was up +6.01% on September 30, 2025

What is 1-year change in NI quarterly gross margin?

NI quarterly gross margin is up +1.91% year-over-year

How far is NI quarterly gross margin from its all-time high?

NI quarterly gross margin is currently -22.06% below its historical high of 77.87% set on September 30, 1997

How does NI quarterly gross margin rank versus sector peers?

NI quarterly gross margin is higher than 94.29% of companies in Utilities sector

When is NI next earnings release?

The next earnings release for NI is on February 11, 2026

NiSource Inc. (NI) Gross Margin History & Chart Since 1980

Annual Gross Margin

60.12%4.47%+8.03%

December 31, 2024

Summary

Current Value: As of today, NI annual gross margin is 60.12%, up +8.03% on December 31, 2024
Historical Performance: NI annual gross margin is up +6.77% over the past 3 years, and up +5.92% over the past 5 years
All-Time High Comparison: NI annual gross margin is currently -1.12% below its historical high of 60.80% set on December 31, 2020
3-Year Low Comparison: NI annual gross margin is +20.48% above its 3-year low of 49.90% reached on an earlier date
Sector Comparison: NI annual gross margin is higher than 95.28% of companies in Utilities sector

Gross Margin Chart

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Performance

NI Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 24	60.12%	+8.0%	+6.8%	+5.9%	+48.3%
Quarterly Gross Margin	Sep 30, 25	60.69%	+1.9%	+19.0%	-5.4%	+18.6%
Price	Jan 9, 26	$42.03	+15.3%	+50.8%	+92.7%	+487.4%
PE Ratio	Jan 9, 26	22.20	-1.4%	+34.7%	–	+225.0%
Annual Revenue	Dec 31, 24	$5.46B	-0.9%	+11.3%	+4.7%	-16.6%
Annual Gross Profit	Dec 31, 24	$3.28B	+7.0%	+18.9%	+10.9%	+23.7%
Annual Operating Margin	Dec 31, 24	26.85%	+13.9%	+29.6%	+7.1%	+137.6%
Annual Net Margin	Dec 31, 24	15.46%	+26.3%	+28.6%	+110.3%	+336.7%

Gross Margin Highs

NI Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	60.12%	Dec 31, 24	at high
5Y	60.80%	N/A	-1.1%
All	60.80%	Dec 31, 20	-1.1%

Gross Margin Lows

NI Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	49.90%	N/A	+20.5%
5Y	49.90%	Dec 31, 22	+20.5%
All	0.00%	Dec 1, 80	N/A

Gross Margin History

Year	Value	Change
2024	60.12%	+8.0%
2023	55.65%	+11.5%
2022	49.90%	-11.4%
2021	56.31%	-7.4%
2020	60.80%	+7.1%
2019	56.76%	+5.4%
2018	53.84%	-5.8%
2017	57.15%	+0.5%
2016	56.88%	+6.5%
2015	53.39%	-5.1%
2014	56.27%	-2.3%
2013	57.57%	-2.7%
2012	59.14%	+20.3%
2011	49.15%	+8.4%
2010	45.36%	+11.9%
2009	40.54%	+34.5%
2008	30.15%	-11.5%
2007	34.06%	-0.9%
2006	34.38%	+4.3%
2005	32.96%	-13.7%
2004	38.18%	-6.4%
2003	40.81%	-3.8%
2002	42.43%	+45.3%

Year	Value	Change
2001	29.20%	+11.9%
2000	26.10%	-30.6%
1999	37.59%	+12.0%
1998	33.55%	-9.7%
1997	37.16%	-19.0%
1996	45.89%	-5.5%
1995	48.54%	+1.8%
1994	47.66%	-3.5%
1993	49.38%	+1.9%
1992	48.45%	-2.6%
1991	49.74%	+3.4%
1990	48.09%	>+9,900.0%
1989	0.00%	0.0%
1988	0.00%	0.0%
1987	0.00%	0.0%
1986	0.00%	0.0%
1985	0.00%	0.0%
1984	0.00%	0.0%
1983	0.00%	0.0%
1982	0.00%	0.0%
1981	0.00%	0.0%
1980	0.00%	-

FAQ

What is the current annual gross margin of NI?
As of today, NI annual gross margin is 60.12%
What is 1-year change in NI annual gross margin?
NI annual gross margin is up +8.03% year-over-year
What is 3-year change in NI annual gross margin?
NI annual gross margin is up +6.77% over the past 3 years
How far is NI annual gross margin from its all-time high?
NI annual gross margin is currently -1.12% below its historical high of 60.80% set on December 31, 2020
How does NI annual gross margin rank versus sector peers?
NI annual gross margin is higher than 95.28% of companies in Utilities sector
When is NI next annual earnings release?
The next annual earnings release for NI is on February 11, 2026

Quarterly Gross Margin

60.69%3.44%+6.01%

September 30, 2025

Summary

Current Value: As of today, NI quarterly gross margin is 60.69%, up +6.01% on September 30, 2025
Historical Performance: NI quarterly gross margin is up +1.91% year-over-year, and up +19.02% over the past 3 years
All-Time High Comparison: NI quarterly gross margin is currently -22.06% below its historical high of 77.87% set on September 30, 1997
3-Year Low Comparison: NI quarterly gross margin is +29.46% above its 3-year low of 46.88% reached on an earlier date
Sector Comparison: NI quarterly gross margin is higher than 94.29% of companies in Utilities sector

Performance

NI Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 25	60.69%	+6.0%	+1.9%	+19.0%	-5.4%
Annual Gross Margin	Dec 31, 24	60.12%	–	+8.0%	+6.8%	+5.9%
Price	Jan 9, 26	$42.03	-2.1%	+15.3%	+50.8%	+92.7%
PE Ratio	Jan 9, 26	22.20	-2.1%	-1.4%	+34.7%	–
Quarterly Revenue	Sep 30, 25	$1.27B	-0.8%	+18.3%	+16.9%	+41.1%
Quarterly Gross Profit	Sep 30, 25	$772.60M	+5.2%	+20.6%	+39.1%	+33.5%
Quarterly Operating Margin	Sep 30, 25	23.32%	+13.3%	+15.2%	+62.4%	+63.5%
Quarterly Net Margin	Sep 30, 25	8.38%	+7.3%	-6.8%	+43.7%	+143.7%

Quarterly Gross Margin Highs

NI Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	60.69%	Sep 30, 25	at high
3Y	61.83%	Sep 30, 23	-1.8%
5Y	61.83%	Sep 30, 23	-1.8%
All	77.87%	Sep 30, 97	-22.1%

Quarterly Gross Margin Lows

NI Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	57.25%	Jun 30, 25	+6.0%
3Y	46.88%	N/A	+29.5%
5Y	46.88%	Dec 31, 22	+29.5%
All	13.65%	Dec 31, 00	+344.6%

Quarterly Gross Margin History

Month	Value	Change
Sep 2025	60.69%	+6.0%
Jun 2025	57.25%	-2.1%
Mar 2025	58.50%	-0.5%
Dec 2024	58.77%	-1.3%
Sep 2024	59.55%	-3.1%
Jun 2024	61.45%	+0.9%
Mar 2024	60.90%	+4.4%
Dec 2023	58.35%	-5.6%
Sep 2023	61.83%	+11.4%
Jun 2023	55.50%	+9.8%
Mar 2023	50.56%	+7.8%
Dec 2022	46.88%	-8.1%
Sep 2022	50.99%	+2.1%
Jun 2022	49.93%	-4.0%
Mar 2022	51.99%	-1.2%
Dec 2021	52.64%	-10.2%
Sep 2021	58.60%	+1.1%
Jun 2021	57.95%	+1.3%
Mar 2021	57.18%	-2.8%
Dec 2020	58.80%	-8.3%
Sep 2020	64.13%	+3.5%
Jun 2020	61.99%	+3.8%
Mar 2020	59.72%	+2.9%
Dec 2019	58.02%	-2.2%
Sep 2019	59.32%	+3.5%
Jun 2019	57.30%	+5.6%
Mar 2019	54.25%	-0.7%
Dec 2018	54.61%	-6.8%
Sep 2018	58.60%	+7.5%
Jun 2018	54.53%	+8.3%
Mar 2018	50.36%	-10.6%
Dec 2017	56.31%	-4.4%
Sep 2017	58.93%	+2.1%
Jun 2017	57.71%	+2.2%
Mar 2017	56.49%	+2.4%
Dec 2016	55.15%	-6.3%
Sep 2016	58.84%	+0.4%
Jun 2016	58.58%	+4.2%
Mar 2016	56.20%	-1.8%
Dec 2015	57.21%	-1.7%
Sep 2015	58.20%	-13.1%
Jun 2015	66.98%	+21.4%
Mar 2015	55.18%	-4.4%
Dec 2014	57.70%	-12.4%
Sep 2014	65.88%	+8.6%
Jun 2014	60.68%	+27.6%
Mar 2014	47.56%	-16.0%
Dec 2013	56.60%	-10.7%
Sep 2013	63.40%	+8.6%
Jun 2013	58.37%	+7.3%
Mar 2013	54.39%	-9.3%
Dec 2012	59.94%	-4.3%
Sep 2012	62.61%	+1.4%
Jun 2012	61.72%	+13.3%
Mar 2012	54.48%	+3.6%
Dec 2011	52.61%	-8.0%
Sep 2011	57.17%	+11.1%
Jun 2011	51.44%	+23.4%
Mar 2011	41.69%	-7.7%
Dec 2010	45.17%	-11.7%
Sep 2010	51.18%	+3.1%
Jun 2010	49.63%	+22.0%
Mar 2010	40.69%	+25.7%
Dec 2009	32.38%	-41.4%

Month	Value	Change
Sep 2009	55.28%	+10.8%
Jun 2009	49.89%	+34.9%
Mar 2009	36.98%	+14.1%
Dec 2008	32.41%	-3.9%
Sep 2008	33.74%	+15.7%
Jun 2008	29.16%	+5.9%
Mar 2008	27.53%	-17.0%
Dec 2007	33.18%	-15.6%
Sep 2007	39.32%	+12.0%
Jun 2007	35.12%	+10.1%
Mar 2007	31.91%	-10.8%
Dec 2006	35.77%	-16.4%
Sep 2006	42.80%	+11.5%
Jun 2006	38.37%	+35.1%
Mar 2006	28.40%	+4.0%
Dec 2005	27.30%	-32.6%
Sep 2005	40.52%	+6.1%
Jun 2005	38.20%	+16.7%
Mar 2005	32.72%	-45.5%
Dec 2004	60.06%	+26.8%
Sep 2004	47.38%	+20.8%
Jun 2004	39.21%	+12.0%
Mar 2004	35.02%	-14.3%
Dec 2003	40.84%	-19.2%
Sep 2003	50.56%	+9.5%
Jun 2003	46.16%	+26.7%
Mar 2003	36.43%	-13.1%
Dec 2002	41.94%	-12.5%
Sep 2002	47.93%	+14.6%
Jun 2002	41.81%	+3.2%
Mar 2002	40.51%	+11.2%
Dec 2001	36.42%	+20.8%
Sep 2001	30.14%	+1.5%
Jun 2001	29.69%	+20.4%
Mar 2001	24.66%	+80.7%
Dec 2000	13.65%	-50.8%
Sep 2000	27.77%	-3.0%
Jun 2000	28.62%	-16.0%
Mar 2000	34.06%	-8.1%
Dec 1999	37.07%	-3.4%
Sep 1999	38.39%	+1.7%
Jun 1999	37.76%	+1.1%
Mar 1999	37.36%	+5.5%
Dec 1998	35.40%	+9.2%
Sep 1998	32.42%	-3.5%
Jun 1998	33.60%	+2.4%
Mar 1998	32.80%	-54.1%
Dec 1997	71.52%	-8.2%
Sep 1997	77.87%	+2.9%
Jun 1997	75.71%	+37.7%
Mar 1997	54.98%	-4.3%
Dec 1996	57.44%	-17.2%
Sep 1996	69.39%	+12.5%
Jun 1996	61.68%	+15.5%
Mar 1996	53.40%	-14.2%
Dec 1995	62.21%	-7.6%
Sep 1995	67.35%	+6.3%
Jun 1995	63.36%	+16.0%
Mar 1995	54.64%	-6.2%
Dec 1994	58.28%	-13.9%
Sep 1994	67.66%	+5.9%
Jun 1994	63.88%	+22.5%
Mar 1994	52.16%	-

FAQ

What is the current quarterly gross margin of NI?
As of today, NI quarterly gross margin is 60.69%
What is NI quarterly gross margin most recent change?
NI quarterly gross margin was up +6.01% on September 30, 2025
What is 1-year change in NI quarterly gross margin?
NI quarterly gross margin is up +1.91% year-over-year
How far is NI quarterly gross margin from its all-time high?
NI quarterly gross margin is currently -22.06% below its historical high of 77.87% set on September 30, 1997
How does NI quarterly gross margin rank versus sector peers?
NI quarterly gross margin is higher than 94.29% of companies in Utilities sector
When is NI next earnings release?
The next earnings release for NI is on February 11, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

NI Official Website www.nisource.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/1111711/000111171125000055/0001111711-25-000055-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1111711/000111171125000008/0001111711-25-000008-index.htm
NI Profile on Yahoo Finance finance.yahoo.com/quote/NI
NI Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/ni