NiSource Inc (NI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 918,500 | 853,800 | 968,700 | 702,700 | -34,700 |
| Revenue | US$ in thousands | 4,692,400 | 4,817,400 | 5,341,000 | 4,383,000 | 3,804,400 |
| Pretax margin | 19.57% | 17.72% | 18.14% | 16.03% | -0.91% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $918,500K ÷ $4,692,400K
= 19.57%
NiSource Inc's pretax margin has shown a significant improvement over the years, reflecting better operational efficiency and profitability. The pretax margin was negative at -0.91% in December 2020, indicating the company's challenges in generating profits. However, there was a notable turnaround in December 2021, with a pretax margin of 16.03%, demonstrating a strong improvement in profitability.
The positive trend continued in the following years, as the pretax margin increased further to 18.14% in December 2022, 17.72% in December 2023, and 19.57% in December 2024. These consistent increases suggest that NiSource Inc has been effectively managing its costs, increasing revenue, or both, to enhance its overall profitability.
Overall, the improving trend in NiSource Inc's pretax margin indicates that the company has been successful in enhancing its operational performance and efficiency, ultimately leading to stronger financial results.
Peer comparison
Dec 31, 2024