NiSource Inc (NI)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 760,400 | 773,900 | 773,300 | 746,300 | 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 |
| Total stockholders’ equity | US$ in thousands | 8,684,200 | 8,345,000 | 7,869,000 | 7,895,900 | 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 |
| ROE | 8.76% | 9.27% | 9.83% | 9.45% | 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $760,400K ÷ $8,684,200K
= 8.76%
NiSource Inc's return on equity (ROE) has shown fluctuating performance over the period from March 31, 2020, to December 31, 2024. The company's ROE was relatively low in the first half of 2020, with negative figures recorded in June 2020, September 2020, and December 2020, indicating a period of inefficiency in generating profits from shareholders' equity.
However, the ROE improved starting from March 31, 2021, showing a positive trend through the end of December 2024. The company's ROE peaked at 10.61% on December 31, 2022, showcasing a significant improvement in profitability and efficiency in utilizing equity.
Although there were some fluctuations in ROE levels thereafter, NiSource Inc maintained ROE above 8% throughout the period, indicating a stable and relatively favorable return on equity. The company's ability to maintain ROE above industry averages reflects its efficiency in generating profits from the shareholders' investments. However, it is essential for the company to sustain this positive trend and continue improving its ROE to enhance shareholder value and remain competitive in the market.
Peer comparison
Dec 31, 2024