NiSource Inc (NI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,295,500 | 1,265,800 | 1,006,900 | 550,800 | 890,700 |
| Revenue | US$ in thousands | 4,817,400 | 5,341,000 | 4,383,000 | 3,804,400 | 6,743,700 |
| Operating profit margin | 26.89% | 23.70% | 22.97% | 14.48% | 13.21% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,295,500K ÷ $4,817,400K
= 26.89%
NiSource Inc's operating profit margin has shown fluctuations over the past five years. The company's operating profit margin was 23.58% in 2023, an increase from 19.85% in 2022. This improvement indicates that NiSource Inc was able to generate more operating profit relative to its revenue in 2023 compared to the previous year.
When compared to 2021 and 2020, where the operating profit margin was 20.71% and 20.54% respectively, the operating profit margin in 2023 also shows a slight improvement. However, it is important to note that the operating profit margin in 2023 is still lower than the 25.06% reported in 2019.
Overall, NiSource Inc's operating profit margin has demonstrated variability over the past five years, with fluctuations reflecting changes in the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023