NiSource Inc (NI)

Operating 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
Operating income (ttm)	US$ in thousands	1,295,500	1,298,400	1,222,100	1,196,500	1,265,800	1,184,700	1,175,100	1,174,000	1,006,900	940,600	886,300	835,800	550,800	294,700	292,900	664,700	890,700	850,300	443,400	98,300
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
Operating profit margin		26.89%	24.60%	22.88%	22.02%	23.70%	23.52%	23.94%	24.92%	22.97%	24.59%	23.52%	22.32%	14.48%	5.59%	5.53%	12.43%	15.87%	14.72%	7.73%	1.71%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,295,500K ÷ $4,817,400K
= 26.89%

NiSource Inc's operating profit margin has shown a positive trend over the past eight quarters, steadily increasing from 19.85% in Q4 2022 to 23.58% in Q4 2023. This reflects the company's improving ability to generate profits from its core operations relative to its revenue. The consistent growth in operating profit margin indicates effective cost management and operational efficiency. It shows that NiSource has been successful in controlling its operating expenses while maintaining or growing its revenue stream. The increasing trend suggests that the company is becoming more profitable in its day-to-day operations, which is a positive signal for investors and stakeholders.