NiSource Inc (NI)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	760,400	773,900	773,300	746,300	714,300	721,400	702,100	710,300	804,100	725,500	722,900	716,200	584,900	503,400	267,300	202,300	-17,600	-241,300	-61,800	239,800
Revenue (ttm)	US$ in thousands	9,150,200	4,601,300	4,552,400	4,557,700	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
Net profit margin		8.31%	16.82%	16.99%	16.37%	14.83%	13.67%	13.15%	13.07%	15.06%	14.40%	14.73%	15.20%	13.34%	13.16%	7.09%	5.40%	-0.46%	-4.58%	-1.17%	4.48%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $760,400K ÷ $9,150,200K
= 8.31%

The net profit margin of NiSource Inc, which reflects the company's profitability, has shown fluctuations over the analyzed period. From March 31, 2020, to December 31, 2022, the company experienced negative net profit margins, indicating that its expenses were surpassing revenues during those periods.

However, starting from March 31, 2023, there is a significant improvement in the net profit margin, which increased consistently until reaching its peak at 16.99% on June 30, 2024. This improvement suggests that NiSource Inc effectively managed its costs and increased revenues, leading to a healthier bottom line.

The slight decrease in the net profit margin from June 30, 2024, to December 31, 2024, to 8.31% may warrant further investigation to understand the factors driving this change and assess the company's sustainability in maintaining profitability in the upcoming periods.