NiSource Inc (NI)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	2,899,200	3,008,500	2,950,100	2,922,100	2,875,300	2,808,400	2,786,900	2,744,200	2,640,900	3,567,200	3,783,700	4,055,200	4,681,700	4,867,900	4,896,900	4,944,600	5,208,900	5,273,400	5,236,900	5,233,500
Revenue (ttm)	US$ in thousands	4,817,400	5,278,400	5,340,500	5,433,700	5,341,000	5,038,000	4,907,900	4,710,700	4,383,000	3,824,700	3,767,800	3,744,500	3,804,400	5,272,200	5,301,200	5,348,900	5,613,200	5,775,000	5,738,500	5,735,100
Gross profit margin		60.18%	57.00%	55.24%	53.78%	53.83%	55.74%	56.78%	58.25%	60.25%	93.27%	100.42%	108.30%	123.06%	92.33%	92.37%	92.44%	92.80%	91.31%	91.26%	91.25%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,899,200K ÷ $4,817,400K
= 60.18%

The gross profit margin of NiSource Inc has displayed fluctuations over the past eight quarters, ranging from a low of 63.51% in Q1 2023 to a high of 72.15% in Q4 2023. Generally, the company has maintained a relatively strong gross profit margin, with the margin consistently staying above 63% for each quarter analyzed.

The increasing trend from Q1 2023 to Q4 2023 suggests an improvement in the company's ability to generate profit from its core business activities. This could be attributed to factors such as effective cost management, pricing strategies, or operational efficiencies.

It is important to further investigate the underlying reasons for the fluctuations in the gross profit margin to assess the sustainability of this positive trend and to identify any potential areas of concern that may require attention.