NiSource Inc (NI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 760,400 | 714,300 | 804,100 | 584,900 | -17,600 |
| Revenue | US$ in thousands | 4,692,400 | 4,817,400 | 5,341,000 | 4,383,000 | 3,804,400 |
| Net profit margin | 16.20% | 14.83% | 15.06% | 13.34% | -0.46% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $760,400K ÷ $4,692,400K
= 16.20%
NiSource Inc's net profit margin has shown a significant improvement over the years. The company experienced a negative net profit margin of -0.46% as of December 31, 2020, but has since turned around its profitability performance. By December 31, 2021, the net profit margin reached 13.34%, indicating a notable recovery. Moreover, the trend continued to strengthen in the subsequent years, with the net profit margin increasing to 15.06% by December 31, 2022, 14.83% by December 31, 2023, and finally reaching 16.20% by December 31, 2024. This upward trajectory in net profit margin signifies an improvement in NiSource Inc's operational efficiency and ability to generate profits from its revenue. The company's consistent growth in net profit margin reflects positively on its financial performance and prospects for sustainable profitability in the future.
Peer comparison
Dec 31, 2024