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NI

Neutral signalScored 2026-10-06 Drivers: fundamentals. Moteurs : fondamentaux.

Research, not advice.

À propos

NiSource Inc

Nom
NiSource Inc
Secteur
Utilities
Industrie
Regulated Gas
Bourse
NYSE
Capitalisation
$20.8B
Employés
7,703
PDG
Lloyd Yates
Site web
https://www.nisource.com
Marché
ATOBKHCMSCNPCPKDTE

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Columbia Operations and NIPSCO Operations. The company provides natural gas to residential, commercial, and industrial customers through approximately 37,300 miles of distribution main pipeline and the associated individual customer service lines; and 310 miles of transmission main pipeline in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland. It also generates, transmits, and distributes electricity to approximately 0.5 million customers in various counties in the northern part of Indiana, as well as engages in wholesale electric and transmission transactions. It owns and operates steam coal generating stations in Wheatfield and Michigan City; combined cycle gas turbine in West Terre Haute; natural gas generating units in Wheatfield; hydro generating plants in Carroll County and White County; wind generating units in White County; and solar generating units in Sullivan County, Gibson County, Jasper County, and White County. The company was formerly known as NIPSCO Industries, Inc. and changed its name to NiSource Inc. in April 1999. NiSource Inc. was founded in 1847 and is headquartered in Merrillville, Indiana.

Price (1 year)

Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.

Decouvert par les declarations du Congres

Insiders
—
Total bought
—

Avg buy (VWAP, 90d window) —

Total sold
$1,590,389

Avg sell (VWAP, 90d window) $42.40 vs last close —

Total sold sums Form 4 code S in this window. Codes F, M, A and G are left out.

Last activity
—
Last synced
2026-10-06 10:56:08 Synced via automated research pipeline

Sign in to request a sync of this company's price history and timing levels.

Insider holdings as a share of total assets aren't available for this company.

Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.

Recent Form 4

Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.

Date Person Side Shares Price Value Form 4
2026-08-14 BIRMINGHAM MELODY Sell · S 37,509 $42.40 $1,590,389 Form 4

Congressional trades

STOCK Act disclosures (90-day window)

Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.

No STOCK Act disclosures for this company in this window.

Recent trades

DateRepresentativeTypeAmount
2025-05-12Jefferson ShreveSale (Full)$50,001 - $100,000
2025-04-11Daniel Milton NewhouseSale (Partial)$1,001 - $15,000
2024-09-03Ro KhannaPurchase$1,001 - $15,000
2024-04-10Daniel Milton NewhousePurchase$1,001 - $15,000
2021-03-19Lois FrankelSale (Full)$1,001 - $15,000
2020-05-13Dean PhillipsSale (Partial)$1,001 - $15,000
2020-04-02Dean PhillipsPurchase$1,001 - $15,000
2019-12-06Lois FrankelPurchase$1,001 - $15,000
2019-05-28Dean PhillipsSale (Partial)$1,001 - $15,000

Signal

Neutral signalScored 2026-10-06 Drivers: fundamentals. Moteurs : fondamentaux.

NI presents a deeply unfavorable risk/reward profile: a critically low liquidity score (35) reflects a current ratio below 1.0, high leverage (D/E 1.72), and persistent negative FCF, signaling structural financial…

The first sentence of the analysis written for NI on 2026-10-06 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.

Neutral signal Drivers: fundamentals. Moteurs : fondamentaux.

Factor checklist — research, not advice

A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.

  • Insider Pulls against a bullish reading. Selling cluster — sale value, no purchase value
  • Congress Unavailable or mixed. No purchase disclosures in the stored window
  • Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
  • Timing Unavailable or mixed. No stored price series
  • Financial indicators Unavailable or mixed. Current ratio 0.69 · operating margin 28% — readings disagree

Market snapshot

Financial ratios

MetricTrend2025-12-312024-12-312023-12-312022-12-312021-12-31
Gross Profit Margin50.4%51.5%45.0%38.5%41.9%
Ebit Margin28.3%28.0%23.9%22.7%21.4%
Ebitda Margin45.9%47.1%40.4%36.7%36.7%
Operating Profit Margin27.6%26.7%23.5%21.6%20.6%
Pretax Profit Margin18.3%18.4%14.8%16.3%14.4%
Continuous Operations Profit Margin15.2%15.5%12.2%13.5%12.0%
Net Profit Margin14.0%13.9%13.0%13.7%11.9%
Bottom Line Profit Margin14.0%13.5%12.0%12.8%10.8%
Current Ratio0.6880.5060.8550.5550.699
Quick Ratio0.5580.4110.7590.3930.518
Solvency Ratio0.0840.0850.0770.0860.079
Cash Ratio0.0390.0380.4260.0090.031
Price To Earnings Ratio21.30622.55216.69814.90220.452
Price To Earnings Growth Ratio1.0528.964-1.2290.411-0.025
Forward Price To Earnings Growth Ratio1.0528.964-1.2290.411-0.025
Price To Earnings Diluted Ratio21.41522.69117.93916.12921.740
Price To Earnings Diluted Growth Ratio1.0512.399-1.3860.476-0.028
Price To Book Ratio2.0901.9231.3361.4741.564
Price To Sales Ratio2.9733.0612.0071.9082.218
Price To Free Cash Flow Ratio-47.020-19.381-15.544-14.064-17.525
Price To Operating Cash Flow Ratio8.3609.3725.7097.9208.923
Debt To Assets Ratio0.4440.4390.4550.4310.414
Debt To Equity Ratio1.7191.6081.7081.5221.438
Debt To Capital Ratio0.6320.6160.6310.6030.590
Long Term Debt To Capital Ratio0.6170.5770.5720.5570.569
Financial Leverage Ratio3.8683.6603.7583.5293.477
Working Capital Turnover Ratio-4.267-3.898-3.874-4.033-6.780
Operating Cash Flow Ratio0.6830.4330.3680.3020.443
Operating Cash Flow Sales Ratio0.3560.3270.3510.2410.249
Free Cash Flow Operating Cash Flow Ratio-0.178-0.484-0.367-0.563-0.509
Debt Service Coverage Ratio1.9911.0030.5850.9221.805
Interest Coverage Ratio2.7682.8142.6463.5112.952
Short Term Operating Cash Flow Coverage Ratio3.0860.9450.6300.7872.064
Operating Cash Flow Coverage Ratio0.1450.1280.1370.1220.122
Capital Expenditure Coverage Ratio0.8490.6740.7310.6400.663
Dividend Paid And Capex Coverage Ratio0.7130.5690.6240.5340.544
Dividend Payout Ratio0.5710.6430.6400.5430.684
Enterprise Value Multiple11.77111.87210.31310.53711.553

Sparkline shows each ratio oldest → newest (left → right).

How the latest year compares

For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower

MetricCurrentvs 1Y agovs 5Y avg
Gross Profit Margin 50.4% ▼-1.1% ▲5.0%
Ebit Margin 28.3% ▲0.3% ▲3.4%
Ebitda Margin 45.9% ▼-1.2% ▲4.5%
Operating Profit Margin 27.6% ▲0.9% ▲3.6%
Pretax Profit Margin 18.3% ▼-0.1% ▲1.9%
Continuous Operations Profit Margin 15.2% ▼-0.2% ▲1.5%
Net Profit Margin 14.0% ▲0.1% ▲0.7%
Bottom Line Profit Margin 14.0% ▲0.4% ▲1.3%
Current Ratio 0.688 ▲0.182 ▲0.027
Quick Ratio 0.558 ▲0.146 ▲0.030
Solvency Ratio 0.084 ▼-0.001 ▲0.002
Cash Ratio 0.039 ▲0.001 ▼-0.069
Price To Earnings Ratio 21.306 ▼-1.246 ▲2.124
Price To Earnings Growth Ratio 1.052 ▼-7.912 ▼-0.782
Forward Price To Earnings Growth Ratio 1.052 ▼-7.912 ▼-0.782
Price To Earnings Diluted Ratio 21.415 ▼-1.276 ▲1.432
Price To Earnings Diluted Growth Ratio 1.051 ▼-1.347 ▲0.549
Price To Book Ratio 2.090 ▲0.167 ▲0.412
Price To Sales Ratio 2.973 ▼-0.087 ▲0.540
Price To Free Cash Flow Ratio -47.020 ▼-27.639 ▼-24.313
Price To Operating Cash Flow Ratio 8.360 ▼-1.012 ▲0.303
Debt To Assets Ratio 0.444 ▲0.005 ▲0.008
Debt To Equity Ratio 1.718 ▲0.111 ▲0.120
Debt To Capital Ratio 0.632 ▲0.016 ▲0.018
Long Term Debt To Capital Ratio 0.617 ▲0.040 ▲0.038
Financial Leverage Ratio 3.868 ▲0.207 ▲0.209
Working Capital Turnover Ratio -4.267 ▼-0.369 ▲0.303
Operating Cash Flow Ratio 0.683 ▲0.250 ▲0.237
Operating Cash Flow Sales Ratio 0.356 ▲0.029 ▲0.051
Free Cash Flow Operating Cash Flow Ratio -0.178 ▲0.306 ▲0.242
Debt Service Coverage Ratio 1.991 ▲0.988 ▲0.730
Interest Coverage Ratio 2.768 ▼-0.047 ▼-0.171
Short Term Operating Cash Flow Coverage Ratio 3.086 ▲2.142 ▲1.584
Operating Cash Flow Coverage Ratio 0.145 ▲0.018 ▲0.015
Capital Expenditure Coverage Ratio 0.849 ▲0.175 ▲0.138
Dividend Paid And Capex Coverage Ratio 0.713 ▲0.144 ▲0.116
Dividend Payout Ratio 0.571 ▼-0.073 ▼-0.046
Enterprise Value Multiple 11.771 ▼-0.101 ▲0.562

Key metrics

MetricTrend20252024202320222021
Market cap$19.75B$16.70B$11.05B$11.16B$10.87B
Enterprise value$35.85B$30.50B$22.93B$22.65B$20.78B
EV / Sales5.40x5.59x4.17x3.87x4.24x
EV / Op. cash flow15.18x17.12x11.85x16.07x17.06x
EV / Free cash flow-85.36x-35.40x-32.26x-28.54x-33.51x
EV / EBITDA11.77x11.87x10.31x10.54x11.55x
Net debt / EBITDA5.29x5.37x5.34x5.34x5.51x
Current ratio0.69x0.51x0.85x0.56x0.70x
Income quality2.55x2.34x2.87x1.78x2.07x
Graham number$30$27$28$29$24
Graham net-net-$50-$44-$43-$43-$40
Tax burden76.4%75.8%87.8%84.1%82.8%
Interest burden64.8%65.7%61.9%72.0%67.3%
Working capital-$1.08B-$2.03B-$765.7M-$2.08B-$825.4M
Invested capital$29.12B$24.91B$23.00B$19.25B$18.54B
Return on assets2.5%2.4%2.3%3.0%2.4%
Operating ROA5.4%4.6%4.5%5.0%4.4%
Return on tangible assets2.7%2.5%2.4%3.2%2.6%
Return on equity9.8%8.8%8.6%10.6%8.4%
Return on invested capital4.5%4.1%3.7%4.4%3.8%
Return on capital employed5.5%5.3%5.0%5.7%4.7%
Earnings yield4.7%4.6%6.5%7.2%5.4%
Free cash flow yield-2.1%-5.2%-6.4%-7.1%-5.7%
Capex / Op. cash flow117.8%148.4%136.7%156.3%150.9%
Capex / Depreciation238.3%253.4%291.3%268.4%245.6%
Capex / Sales41.9%48.5%48.1%37.7%37.5%
SG&A / Sales0.0%0.2%0.4%-0.5%-0.7%
R&D / Sales0.0%0.0%0.0%0.0%0.0%
Stock comp / Sales0.0%0.6%0.4%0.4%0.5%
Intangibles / Total assets4.1%4.7%4.8%5.6%6.2%
Days sales outstanding69d68d62d73d69d
Days payables outstanding138d119d90d91d89d
Operating cycle119d121d122d149d133d
Cash conversion cycle-19d2d32d58d43d

Change by theme

Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.

Change over 1 year

Valuation
Market cap ▲+18.3%EV / Sales ▼-3.5%EV / EBITDA ▼-0.9%EV / Op. cash flow ▼-1.943Earnings yield ▲+0.002Graham number ▲+2.891
Profitability
Return on equity ▲+0.011Return on assets ▲+0.002Return on invested capital ▲+0.004Return on capital employed ▲+0.003Operating ROA ▲+0.007Income quality ▲+0.206Tax burden ▲+0.006
Efficiency
Days sales outstanding ▲+1.859Days payables outstanding ▲+19.477Operating cycle ▼-1.988Cash conversion cycle ▼-21.464Capex / Sales ▼-0.066R&D / Sales n/a
Balance-sheet strength
Current ratio ▲+0.182Net debt / EBITDA ▼-0.086Working capital ▲+953000000.000Invested capital ▲+4213100000.000Intangibles / Total assets ▼-0.006

Change over 5 years

Valuation
Market cap ▲+81.7%EV / Sales ▲+27.3%EV / EBITDA ▲+1.9%EV / Op. cash flow ▼-1.882Earnings yield ▼-0.007Graham number ▲+5.435
Profitability
Return on equity ▲+0.014Return on assets ▲+0.001Return on invested capital ▲+0.007Return on capital employed ▲+0.008Operating ROA ▲+0.010Income quality ▲+0.480Tax burden ▼-0.064
Efficiency
Days sales outstanding ▲+0.508Days payables outstanding ▲+49.052Operating cycle ▼-13.600Cash conversion cycle ▼-62.652Capex / Sales ▲+0.044R&D / Sales n/a
Balance-sheet strength
Current ratio ▼-0.012Net debt / EBITDA ▼-0.223Working capital ▼-254800000.000Invested capital ▲+10577400000.000Intangibles / Total assets ▼-0.021

Employee count

Peer market caps

Recent news