NiSource Inc (NI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,156,100 | 2,917,800 | 2,875,300 | 2,649,700 | 4,681,700 |
| Revenue | US$ in thousands | 4,692,400 | 4,817,400 | 5,341,000 | 4,383,000 | 3,804,400 |
| Gross profit margin | 67.26% | 60.57% | 53.83% | 60.45% | 123.06% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,156,100K ÷ $4,692,400K
= 67.26%
NiSource Inc's gross profit margin has exhibited fluctuations over the past five years. The margin stood at an exceptionally high 123.06% on December 31, 2020, which could be a result of accounting adjustments or anomalies. Subsequently, there was a significant decline in the gross profit margin to 60.45% by December 31, 2021, which may indicate challenges in maintaining cost efficiencies or changes in pricing strategies.
However, there was a further decrease to 53.83% by December 31, 2022, suggesting potential issues with controlling direct costs related to production or services. The margin then rebounded to 60.57% by December 31, 2023, indicating a potential improvement in cost management strategies or revenue generation.
The most recent data point, December 31, 2024, shows a gross profit margin of 67.26%, which represents a positive trend and could indicate enhanced operational efficiency or effective pricing strategies. Overall, it is essential for NiSource Inc to closely monitor its gross profit margin performance to ensure sustainable profitability and effective cost management in the future.
Peer comparison
Dec 31, 2024