NiSource Inc (NI)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 760,400 | 714,300 | 804,100 | 584,900 | -17,600 |
| Total stockholders’ equity | US$ in thousands | 8,684,200 | 8,269,600 | 7,575,400 | 6,947,300 | 5,752,200 |
| ROE | 8.76% | 8.64% | 10.61% | 8.42% | -0.31% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $760,400K ÷ $8,684,200K
= 8.76%
NiSource Inc's return on equity (ROE) has shown a significant improvement over the five-year period from December 31, 2020, to December 31, 2024. The ROE increased from a negative figure of -0.31% in 2020 to 8.42% in 2021, displaying a positive turnaround. Subsequently, the company's ROE further improved to 10.61% in 2022, indicating a continued positive trend.
Although there was a slight decrease in ROE to 8.64% in 2023, NiSource Inc managed to maintain a relatively stable performance. The ROE then increased again to 8.76% in 2024, demonstrating a resilient financial position. Overall, NiSource Inc's ROE reflects a positive trajectory, suggesting efficient utilization of shareholders' equity to generate profits during the period under review.
Peer comparison
Dec 31, 2024