NiSource
NINYSEOther · Electric & Other Services Combined · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $6.52B | $5.28B | $5.35B | $5.74B | $4.73B | $4.47B |
| Operating income | $1.84B | $1.46B | $1.30B | $1.27B | $1.01B | $550.8M |
| Net income | $929.5M | $760.4M | $714.3M | $804.1M | $584.9M | −$17.6M |
| Total assets | $35.86B | $31.79B | $31.08B | $26.74B | $24.16B | $22.04B |
| Total liabilities | — | — | — | — | — | — |
| Equity | $9.45B | $8.68B | $8.27B | $7.58B | $6.95B | $5.75B |
| EPS (diluted) | $1.95 | $1.62 | $1.48 | $1.70 | $1.27 | $-0.19 |
| Shares out. | 469.9M | 447.5M | 412.5M | 405.4M | 391.9M | 382.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 28.1%
- Net margin
- 14.3%
- Return on equity
- 9.8%
- Return on assets
- 2.6%
- Return on capital (ROCE)
- 5.7%
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $20.11
- Revenue growth (YoY)
- 23.5%
- Net income growth (YoY)
- 22.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −4.0%clean
- Piotroski F-Score
- 7/8strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 4 good- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Capital Management LlcPassive (13G)Apr 30, 2026
- Vanguard Portfolio Management LlcPassive (13G)Apr 29, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
- T. Rowe Price Investment Management, Inc.Passive (13G)Dec 5, 2025
- State Street CorpPassive (13G)May 13, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Kabat Kevin TDirector | May 11, 2026 | Grant | 3,807 | $47.03 |
| Johnson William DDirector | May 11, 2026 | Grant | 3,807 | $47.03 |
| Jesanis Michael EDirector | May 11, 2026 | Grant | 3,807 | $47.03 |
| Hersman DeborahDirector | May 11, 2026 | Grant | 3,807 | $47.03 |
| Henretta Deborah ADirector | May 11, 2026 | Grant | 3,807 | $47.03 |
| Butler Eric LDirector | May 11, 2026 | Grant | 3,807 | $47.03 |
| Bunting Theodore H JrDirector | May 11, 2026 | Grant | 3,807 | $47.03 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 11.7M | 2.3 | +10.6% |
| Apr 30, 2026 | 10.6M | 1.8 | -4.0% |
| Apr 15, 2026 | 11.1M | 3.4 | -11.1% |
| Mar 31, 2026 | 12.4M | 3.9 | +2.2% |
| Mar 13, 2026 | 12.2M | 3.1 | +7.1% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Other material eventMay 18, 2026
- Shareholder voteMay 12, 2026
- Results of operationsMay 6, 2026
- Results of operationsFeb 11, 2026
- Entered a material agreement · New financial obligationDec 11, 2025
- Other material eventNov 7, 2025
- Entered a material agreement · Other material eventOct 31, 2025
- Results of operationsOct 29, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4PRIMARY DOCUMENTMay 27, 2026
- 4PRIMARY DOCUMENTMay 26, 2026
- 144May 22, 2026
- 4PRIMARY DOCUMENTMay 21, 2026
- 144May 21, 2026
- 144May 20, 2026
- 8-KMay 18, 2026
- 144May 14, 2026
- 4PRIMARY DOCUMENTMay 13, 2026
- 4PRIMARY DOCUMENTMay 13, 2026
- 4PRIMARY DOCUMENTMay 13, 2026
- 4PRIMARY DOCUMENTMay 13, 2026
- 4PRIMARY DOCUMENTMay 13, 2026
- 4PRIMARY DOCUMENTMay 13, 2026
- 4PRIMARY DOCUMENTMay 13, 2026
Corporate family
Spin-offs from NiSource (1)
- Columbia Pipeline Group, Inc.completedJul 1, 2015details
From the spin-off filings we track. Follow a company to walk its own history.
Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.