NiSource Inc (NI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 918,500 | 919,200 | 906,500 | 876,000 | 853,800 | 869,800 | 858,400 | 864,500 | 968,700 | 872,600 | 873,100 | 867,600 | 702,700 | 650,800 | 335,000 | 262,700 | -34,700 | -312,700 | -78,500 | 289,400 |
| 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 |
| Pretax margin | 10.04% | 19.98% | 19.91% | 19.22% | 17.72% | 16.48% | 16.07% | 15.91% | 18.14% | 17.32% | 17.79% | 18.42% | 16.03% | 17.02% | 8.89% | 7.02% | -0.91% | -5.93% | -1.48% | 5.41% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $918,500K ÷ $9,150,200K
= 10.04%
NiSource Inc's pretax margin has shown fluctuations over the periods reported in the data provided. The company experienced a negative pretax margin in some quarters of 2020, indicating that its pre-tax earnings were insufficient to cover operating expenses. However, the pretax margin started to recover in 2021, with significant improvement in the following years.
From March 31, 2021, to June 30, 2024, NiSource Inc's pretax margin generally increased, reaching its peak at 19.91% on June 30, 2024. This upward trend suggests that the company was able to control costs and generate higher pre-tax earnings relative to its revenue during these periods.
However, there was a notable decrease in the pretax margin to 10.04% on December 31, 2024, from the previous quarter. This decline may indicate a potential decrease in profitability or an increase in operating expenses that outpaced revenue growth during that quarter.
Overall, the improving trend in NiSource Inc's pretax margin over the reported periods indicates positive financial management and operational efficiency, although the decline in the most recent quarter should be closely monitored for any potential impact on the company's financial performance.
Peer comparison
Dec 31, 2024