NiSource Inc. (NI) EBITDA Margin: 45.51%
Is NiSource Inc.’s EBITDA margin high or low?
NiSource Inc.'s EBITDA margin of 45.51% is 19% above its 5-year average of 38.20%, near the high end of its 5-year range (22.76%–47.10%).
As of Thursday, June 18, 2026. 1.72% below its 12-month average of 46.30%.
NI EBITDA Margin Chart
NI Average EBITDA Margin Chart
NI Current vs Average EBITDA Margin Chart
NI EBITDA Margin Metrics
EBITDA MARGIN
45.51%
EBITDA MARGIN AVG TTM
46.30%
EBITDA MARGIN AVG 3Y
42.43%
EBITDA MARGIN AVG 5Y
38.20%
EBITDA MARGIN AVG 10Y
32.85%
EBITDA MARGIN AVG 15Y
29.89%
EBITDA MARGIN AVG 20Y
27.21%
CURRENT VS TTM AVG
-1.72%
CURRENT VS 3Y AVG
+7.25%
CURRENT VS 5Y AVG
+19.14%
CURRENT VS 10Y AVG
+38.53%
CURRENT VS 15Y AVG
+52.25%
CURRENT VS 20Y AVG
+67.28%
NI Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NiSource Inc. (NI) | $22.61B | 45.51% | 46.30% | 42.43% | 38.20% |
| CMS Energy Corporation (CMS)vs › | $22.65B | 37.32% | 39.09% | 36.26% | 35.83% |
| American Water Works Company, Inc. (AWK)vs › | $24.49B | 57.02% | 57.01% | 55.62% | 53.67% |
| Eversource Energy (ES)vs › | $26.04B | 40.51% | 37.61% | 30.25% | 32.15% |
| Alliant Energy Corporation (LNT)vs › | $18.81B | 46.29% | 45.72% | 43.93% | 43.31% |
| PPL Corporation (PPL)vs › | $26.52B | 40.74% | 39.34% | 36.89% | 40.09% |
| Talen Energy Corporation (TLN)vs › | $18.60B | 16.44% | 50.91% | 32.09% | 22.28% |
| FirstEnergy Corp. (FE)vs › | $27.05B | 28.19% | 29.33% | 29.90% | 31.59% |
| CenterPoint Energy, Inc. (CNP)vs › | $27.86B | 39.33% | 39.86% | 37.76% | 35.53% |
| Atmos Energy Corporation (ATO)vs › | $28.32B | 50.70% | 50.52% | 44.31% | 43.74% |
Margin Comparison
Gross Margin
55.9%
EBITDA Margin
45.5%
Operating Margin
27.8%
Net Margin
14.1%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
NiSource Inc. EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
NiSource Inc. EBITDA Margin FAQ
- What is the EBITDA margin for NiSource Inc. (NI)?
- The EBITDA margin for NI stock is 45.51%.
- Is NiSource Inc.'s EBITDA margin high or low?
- NiSource Inc.'s EBITDA margin of 45.51% is 19% above its 5-year average of 38.20%, near the high end of its 5-year range (22.76%–47.10%).
- What is the TTM average EBITDA margin for NiSource Inc. (NI)?
- The TTM average EBITDA margin for NI stock is 46.30%.
- What is the 3Y average EBITDA margin for NiSource Inc. (NI)?
- The 3Y average EBITDA margin for NI stock is 42.43%.
- What is the 5Y average EBITDA margin for NiSource Inc. (NI)?
- The 5Y average EBITDA margin for NI stock is 38.20%.
- What is the 10Y average EBITDA margin for NiSource Inc. (NI)?
- The 10Y average EBITDA margin for NI stock is 32.85%.
- What is the 15Y average EBITDA margin for NiSource Inc. (NI)?
- The 15Y average EBITDA margin for NI stock is 29.89%.
- What is the 20Y average EBITDA margin for NiSource Inc. (NI)?
- The 20Y average EBITDA margin for NI stock is 27.21%.
NiSource Inc. EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2025-12-31 | 45.51% |
| 2024-12-31 | 47.10% |
| 2023-12-31 | 40.38% |
| 2022-12-31 | 36.74% |
| 2021-12-31 | 36.71% |
| 2020-12-31 | 22.76% |
| 2019-12-31 | 30.78% |
| 2018-12-31 | 14.50% |
| 2017-12-31 | 28.39% |
| 2016-12-31 | 31.70% |
| 2015-12-31 | 26.81% |
| 2014-12-31 | 19.88% |
| 2013-12-31 | 20.65% |
| 2012-12-31 | 31.44% |
| 2011-12-31 | 23.13% |
| 2010-12-31 | 21.80% |
| 2009-12-31 | 20.67% |
| 2008-12-31 | 17.03% |
| 2007-12-31 | 17.72% |
| 2006-12-31 | 19.82% |
| 2005-12-31 | 17.79% |
| 2004-12-31 | 24.02% |
| 2003-12-31 | 25.83% |
| 2002-12-31 | 26.16% |
| 2001-12-31 | 17.77% |
| 2000-12-31 | 15.62% |
| 1999-12-31 | 23.31% |
| 1998-12-31 | 22.48% |
| 1997-12-31 | 25.34% |
| 1996-12-31 | 33.79% |
Related Metrics
About NiSource Inc.
NiSource Inc. operates as an energy holding company, primarily functioning as a regulated natural gas and electric utility within the United States. Its business activities are organized into two main divisions: Gas Distribution Operations and Electric Operations. The company's Gas Distribution segment delivers natural gas to approximately 853,000 customers across northern Indiana, and an additional 2.4 million residential, commercial, and industrial clients throughout Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. This extensive network includes about 54,600 miles of distribution main pipelines and customer service lines, along with 1,000 miles of transmission main pipelines. Through its Electric Operations, NiSource provides electricity to roughly 483,000 customers residing in 20 counties in northern Indiana, while also engaging in wholesale electricity and transmission transactions. The company maintains a diverse portfolio of power generation assets. These include coal-fired plants with capacities of 722 megawatts (MW) in Wheatfield and 455 MW in Michigan City; a 563 MW combined cycle gas turbine facility in West Terre Haute; natural gas generating units providing 155 MW in Wheatfield; hydroelectric plants contributing 9 MW in Carroll County and 7 MW in White County; and wind energy facilities in White County, Indiana, producing 102 MW and 302 MW, respectively. Originally founded in 1847, the company was known as NIPSCO Industries, Inc. before officially changing its name to NiSource Inc. in April 1999. Its corporate headquarters are located in Merrillville, Indiana.
- Sector
- Utilities
- Industry
- Regulated Gas
- CEO
- Lloyd Yates