NiSource Inc (NI)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	714,300	804,100	584,900	-17,600	383,100
Revenue	US$ in thousands	4,817,400	5,341,000	4,383,000	3,804,400	6,743,700
Net profit margin		14.83%	15.06%	13.34%	-0.46%	5.68%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $714,300K ÷ $4,817,400K
= 14.83%

NiSource Inc's net profit margin has shown variability over the past five years. In 2023, the net profit margin stood at 12.01%, showing a slight decrease from the previous year's figure of 12.80%. Despite this dip, the company maintained a double-digit profit margin, indicating efficient cost management relative to its revenue.

In 2021, NiSource Inc's net profit margin was 10.81%, showing a moderate improvement compared to the negative net profit margin of -1.55% in 2020. The significant rebound in profitability from 2020 to 2021 suggests that the company successfully navigated challenges and implemented effective strategies to enhance its bottom line.

Looking back to 2019, NiSource Inc had a net profit margin of 6.30%, which indicates a steady increase in profitability over the years. The upward trend in net profit margin signals improved operational efficiency and stronger financial performance.

Overall, the analysis of NiSource Inc's net profit margin reveals fluctuations in profitability over the years, with the company demonstrating resilience and the ability to adapt to changing market conditions. The recent stability in the double-digit net profit margins indicates a healthy financial position and effective management of costs to generate profits.