Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $4,473 | $4,731 | $5,739 | $5,348 | $5,283 |
| Gross Profit | $1,211 | N/A | N/A | N/A | N/A |
| Operating Income | $551 | $1,007 | $1,266 | $1,296 | $1,456 |
| Net Income | -$18 | $585 | $804 | $714 | $760 |
Over the past five years, NiSource Inc. has experienced notable changes in its income statement metrics. Revenue increased from $4,473.2 million in 2020 to a peak of $5,738.6 million in 2022, before settling at $5,282.9 million in 2024. The jump in revenue over this period suggests an overall expansion in business scale, although there is a slight dip after 2022 that could indicate market saturation or temporary operational challenges. It is important to note that while gross profit data was only provided for 2020 ($1,211 million), the subsequent absence of gross profit information means that deeper insights on cost of goods sold are somewhat limited. However, operating income showed a strong upward trend from $550.8 million in 2020 to $1,455.5 million in 2024, marking significant operational improvement. Net income similarly shifted dramatically—from a loss of $17.6 million in 2020 to a solid profit of $584.9 million in 2021, followed by further increases to $804.1 million in 2022, with modest fluctuations in the following years. Overall, NiSource’s financial performance demonstrates improved profitability and operational efficiency in a traditionally stable utility industry. The year-over-year swing from a net loss in 2020 to robust profitability in 2021 (exceeding a 20% change) is particularly significant, reflecting either enhancements in cost management or favorable market conditions. While revenue trends show minor volatility, the sustained growth in operating income and net income underlines the company’s financial resilience. Based solely on these metrics, NiSource appears to be on a healthy financial trajectory, suggesting its business model is both sustainable and well-positioned to navigate industry-specific dynamics moving forward.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.