NiSource Inc (NI)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	714,300	721,400	702,100	710,300	804,100	725,500	722,900	716,200	584,900	503,400	267,300	202,300	-17,600	-241,300	-61,800	239,800	383,100	510,700	164,600	-107,800
Total stockholders’ equity	US$ in thousands	8,269,600	7,212,400	7,230,400	7,674,200	7,575,400	7,193,900	7,224,600	7,201,900	6,947,300	6,494,900	6,523,100	5,931,600	5,752,200	5,424,900	5,661,800	5,741,400	5,986,700	5,848,500	5,976,200	5,779,600
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $714,300K ÷ $8,269,600K
= 8.64%

NiSource Inc's return on equity (ROE) has shown some fluctuation over the past eight quarters, ranging from a low of 7.99% in Q4 2023 to a high of 9.89% in Q4 2022. The average ROE over this period is approximately 9.07%.

The ROE measures the profitability of a company by indicating how effectively it is generating profits from shareholders' equity. A higher ROE suggests that the company is efficiently utilizing its equity to generate profits.

The recent ROE figures for NiSource Inc indicate that the company's profitability has been somewhat volatile, with no clear trend evident. While the ROE figures have generally been above 8%, they have not consistently demonstrated significant growth or improvement over time.

It would be beneficial for investors and analysts to further investigate the underlying factors driving the changes in NiSource Inc's ROE to gain a deeper understanding of the company's financial performance and sustainability.