NiSource Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 3, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	22,367	19,928	17,159	10,976	11,136	10,843
Market Cap Growth	20.19%	16.14%	56.33%	-1.44%	2.71%	23.34%
Enterprise Value	38,547	37,760	32,631	25,888	23,783	22,352
PE Ratio	23.97	21.50	23.25	16.60	14.87	20.47
PS Ratio	3.37	3.00	3.15	1.99	1.90	2.21
PB Ratio	2.38	1.71	1.61	1.08	1.41	1.49
P/OCF Ratio	9.49	8.44	9.63	5.67	7.90	8.90
EV/Sales Ratio	5.80	5.69	5.98	4.70	4.07	4.56
EV/EBITDA Ratio	13.35	13.08	13.65	12.37	12.22	12.85
EV/EBIT Ratio	21.15	20.71	22.49	20.31	20.00	21.29
Debt / Equity Ratio	1.39	1.39	1.31	1.40	1.44	1.37
Debt / EBITDA Ratio	5.60	5.60	5.81	6.73	5.80	5.68
Net Debt / Equity Ratio	1.38	1.38	1.30	1.18	1.43	1.36
Net Debt / EBITDA Ratio	5.59	5.59	5.78	5.70	5.81	5.69
Net Debt / FCF Ratio	-20.32	-20.32	-16.05	-16.77	-14.25	-15.95
Quick Ratio	0.40	0.40	0.28	0.60	0.26	0.37
Current Ratio	0.69	0.69	0.51	0.86	0.56	0.70
Asset Turnover	0.20	0.20	0.17	0.19	0.23	0.21
Return on Equity (ROE)	9.07%	9.07%	8.12%	7.48%	10.44%	8.98%
Return on Assets (ROA)	3.37%	3.37%	2.89%	2.76%	2.92%	2.84%
Return on Capital Employed (ROCE)	5.60%	5.60%	5.20%	4.90%	5.40%	4.90%
Earnings Yield	4.13%	4.66%	4.43%	6.51%	7.22%	5.39%
FCF Yield	-3.54%	-3.98%	-5.02%	-6.48%	-7.13%	-5.72%
Dividend Yield	2.57%	2.75%	3.03%	4.10%	3.88%	3.73%
Payout Ratio	58.46%	57.06%	64.33%	64.02%	54.30%	68.44%
Buyback Yield / Dilution	-4.06%	-4.06%	-1.81%	-1.18%	-6.09%	-8.59%
Total Shareholder Return	-1.50%	-1.31%	1.22%	2.93%	-2.21%	-4.86%

Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q