To the full analysis
NiSource stock: growth
NINiSource reported $6.64B in revenue for fiscal 2025, up 21.8% on the prior year, up 7.2% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
−0.6%
per year from 2006 to 2025, per share −3.5%
Earnings (Annual rate)
6.5%
per year from 2006 to 2025, per share 3.4%
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 7.2% | 3.6% | −0.6% |
| Revenue per share | 2.9% | −0.4% | −3.5% |
| Earnings | no data | 12.5% | 6.5% |
| Earnings per share | no data | 8.1% | 3.4% |
| Free cash flow | no data | no data | no data |
| Free cash flow per share | no data | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $7.49B | $282.2M | $518.8M |
| 2007 | $7.94B | $321.4M | −$31.1M |
| 2008 | $8.87B | $79M | −$715.4M |
| 2009 | $6.65B | $217.7M | $873.5M |
| 2010 | $6.42B | $292M | −$83.8M |
| 2011 | $6.02B | $299.1M | −$255M |
| 2012 | $5.06B | $416.1M | −$223.3M |
| 2013 | $5.66B | $532.1M | −$443.1M |
| 2014 | $6.47B | $530M | −$708.9M |
| 2015 | $4.65B | $286.5M | $96.1M |
| 2016 | $4.49B | $331.5M | −$671.9M |
| 2017 | $4.87B | $128.5M | −$953.6M |
| 2018 | $5.11B | −$50.6M | −$1.28B |
| 2019 | $5.21B | $383.1M | −$219.1M |
| 2020 | $4.68B | −$17.6M | −$654.1M |
| 2021 | $4.9B | $584.9M | −$620.1M |
| 2022 | $5.85B | $804.1M | −$793.7M |
| 2023 | $5.51B | $714.3M | −$710.7M |
| 2024 | $5.46B | $760.4M | −$861.5M |
| 2025 | $6.64B | $929.5M | −$420M |
Revenue by segment
How NiSource Inc makes its money and how that has shifted. Names are as the company reports them.
- Gas Distribution Operations68%
- Electric Operations32%
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Share 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Gas Distribution Operations | $2.83B | $3.1B | $3.42B | $3.52B | $3.14B | $3.18B | $4.02B | $3.73B | 67.8% |
| Electric Operations | $1.66B | $1.79B | $1.71B | $1.7B | $1.54B | $1.7B | $1.83B | $1.79B | 32.4% |
| Total revenue | $4.49B | $4.87B | $5.11B | $5.21B | $4.68B | $4.9B | $5.85B | $5.51B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 31 Oct 2026)
- Valuation signal Overvalued since 13 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.