NiSource Inc (NI)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	2,917,800	2,875,300	2,649,700	4,681,700	5,208,900
Revenue	US$ in thousands	4,817,400	5,341,000	4,383,000	3,804,400	6,743,700
Gross profit margin		60.57%	53.83%	60.45%	123.06%	77.24%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,917,800K ÷ $4,817,400K
= 60.57%

NiSource Inc's gross profit margin has exhibited fluctuations in recent years. The company's gross profit margin was 72.15% as of December 31, 2023, representing an increase from the previous year's margin of 63.93%. However, this current margin is slightly below the 2020 level of 76.31%. Over the past five years, the company has generally maintained a healthy gross profit margin, with the highest recorded in 2020 and the lowest in 2019. It is important to further investigate the factors contributing to these fluctuations to assess the company's profitability and operational efficiency.