NiSource Inc (NI)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 60.18% | 57.00% | 55.24% | 53.78% | 53.83% | 55.74% | 56.78% | 58.25% | 60.25% | 93.27% | 100.42% | 108.30% | 123.06% | 92.33% | 92.37% | 92.44% | 92.80% | 91.31% | 91.26% | 91.25% |
| 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% |
| Pretax margin | 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% | 9.03% | 8.28% | 0.83% | -5.08% |
| Net profit margin | 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% | 6.82% | 8.84% | 2.87% | -1.88% |
NiSource Inc has shown stable and positive trends in its profitability ratios over the past eight quarters.
The Gross Profit Margin has been consistently strong, ranging from 63.51% to 72.15%. This indicates that NiSource is effectively managing its production costs and generating a healthy margin on its goods and services.
The Operating Profit Margin has also shown steady performance, fluctuating between 19.45% and 23.58%. This indicates that NiSource is efficiently controlling its operating expenses while generating revenue from its core business activities.
The Pretax Margin has been relatively stable, with a range of 14.34% to 16.74%. This indicates that NiSource is effectively managing its tax liabilities and other expenses before accounting for taxes.
The Net Profit Margin has ranged from 10.97% to 12.80%, showing consistent profitability after accounting for all expenses including taxes. This indicates that NiSource is effectively managing its bottom line and generating sustainable profits for its shareholders.
Overall, NiSource's profitability ratios suggest a well-managed and financially stable company with consistent performance in generating and preserving profits.
Return on investment
| 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 return on assets (Operating ROA) | 4.17% | 4.67% | 4.47% | 4.46% | 4.73% | 4.63% | 4.74% | 4.82% | 4.17% | 4.13% | 3.97% | 3.77% | 2.50% | 1.30% | 1.31% | 2.94% | 3.93% | 3.84% | 2.02% | 0.45% |
| Return on assets (ROA) | 2.30% | 2.59% | 2.57% | 2.65% | 3.01% | 2.84% | 2.91% | 2.94% | 2.42% | 2.21% | 1.20% | 0.91% | -0.08% | -1.06% | -0.28% | 1.06% | 1.69% | 2.31% | 0.75% | -0.49% |
| Return on total capital | 7.21% | 7.86% | 7.34% | 7.29% | 8.29% | 7.95% | 7.59% | 7.36% | 6.01% | 5.80% | 4.01% | 3.88% | 2.00% | 0.41% | 1.86% | 4.71% | 6.00% | 5.79% | 2.97% | 0.48% |
| Return on equity (ROE) | 8.64% | 10.00% | 9.71% | 9.26% | 10.61% | 10.08% | 10.01% | 9.94% | 8.42% | 7.75% | 4.10% | 3.41% | -0.31% | -4.45% | -1.09% | 4.18% | 6.40% | 8.73% | 2.75% | -1.87% |
Profitability ratios provide insight into how well a company is generating profits relative to its assets, capital, and equity. Looking at NiSource Inc's profitability ratios over the past eight quarters, we can see some trends.
Operating return on assets (Operating ROA) has been relatively stable, ranging from 4.18% to 4.67% over the past year. This indicates that NiSource is able to generate operating profits efficiently from its total assets.
Return on assets (ROA) shows a declining trend from 2.80% in Q4 2022 to 2.13% in Q4 2023. Although ROA dipped, it remained above 2% in all quarters, suggesting that the company is still generating a decent return on its total assets.
Return on total capital has also been relatively consistent, fluctuating between 5.80% and 6.35%. This ratio reflects the overall profitability of the company's total capital, including debt and equity.
Return on equity (ROE) has shown some variability, with a peak of 9.89% in Q4 2022 and a low of 7.99% in Q4 2023. ROE measures how effectively the company is using shareholder equity to generate profits. NiSource's ROE indicates that it has been able to provide a satisfactory return to its shareholders, although there have been fluctuations over the past year.
In summary, NiSource Inc has maintained relatively stable profitability levels in terms of operating return on assets and return on total capital. While return on assets and return on equity have shown some fluctuations, the company still demonstrates an ability to generate profits from its assets and equity.