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NiSource IncStock · UtilitiesS&P 500 0.0%
$46.69−$0.06 (-0.14%)as of market close, Jul 24, 2026
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How NiSource makes money

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How does NiSource make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

NiSource Inc · FY2025 · year ended 2025-12-31
Revenue$6.5BGross profit$6.5B · 100%Cost of revenue$0 · 0%Operating income$1.8B · 28%Operating expenses$4.7B · 72%Other opex$4.7B · 72%Pre-tax income$1.1B · 17%Other expense$702M · 11%Net income$930M · 14%Income tax$204M · 3%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.