NiSource Inc (NI) — Capital Reinvestment Ratio
NiSource Inc (NI) has a Capital Reinvestment Ratio of 1.61x as of June 2026, meaning it reinvests 2% of its operating cash flow ($680.40 Million) in capital expenditures ($1.10 Billion). Check NiSource Inc (NI) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
NiSource Inc Capital Reinvestment Ratio (1994–2025)
This chart tracks NiSource Inc's Capital Reinvestment Ratio across 31 annual periods. For the full cash flow conversion analysis, see NI cash flow conversion.
Annual Capital Reinvestment Ratio for NiSource Inc (1994–2025)
Year-by-year Capital Reinvestment Ratio for NiSource Inc from 1994 to 2025. See NiSource Inc (NI) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 1.18x | $2.36 Billion | $2.78 Billion | ▼ -20.6% |
| 2024 | 1.48x | $1.78 Billion | $2.64 Billion | ▲ +8.5% |
| 2023 | 1.37x | $1.94 Billion | $2.65 Billion | ▼ -12.5% |
| 2022 | 1.56x | $1.41 Billion | $2.20 Billion | ▲ +3.6% |
| 2021 | 1.51x | $1.22 Billion | $1.84 Billion | ▼ -5.2% |
| 2020 | 1.59x | $1.10 Billion | $1.76 Billion | ▲ +39.9% |
| 2019 | 1.14x | $1.58 Billion | $1.80 Billion | ▼ -66.2% |
| 2018 | 3.37x | $540.10 Million | $1.82 Billion | ▲ +47.3% |
| 2017 | 2.28x | $742.20 Million | $1.70 Billion | ▲ +24.4% |
| 2016 | 1.84x | $803.30 Million | $1.48 Billion | ▲ +96.6% |
| 2015 | 0.93x | $1.46 Billion | $1.36 Billion | ▼ -39.2% |
| 2014 | 1.54x | $1.32 Billion | $2.03 Billion | ▲ +17.5% |
| 2013 | 1.31x | $1.44 Billion | $1.88 Billion | ▲ +11.3% |
| 2012 | 1.18x | $1.28 Billion | $1.50 Billion | ▼ -9.1% |
| 2011 | 1.29x | $870.20 Million | $1.13 Billion | ▲ +15.8% |
| 2010 | 1.12x | $720.00 Million | $803.80 Million | ▲ +137.1% |
| 2009 | 0.47x | $1.65 Billion | $777.20 Million | ▼ -78.8% |
| 2008 | 2.22x | $584.20 Million | $1.30 Billion | ▲ +113.7% |
| 2007 | 1.04x | $757.20 Million | $788.30 Million | ▲ +88.8% |
| 2006 | 0.55x | $1.16 Billion | $637.40 Million | ▼ -33.5% |
| 2005 | 0.83x | $712.30 Million | $590.40 Million | ▲ +64.0% |
| 2004 | 0.51x | $1.02 Billion | $517.00 Million | ▼ -58.4% |
| 2003 | 1.22x | $472.90 Million | $574.60 Million | ▲ +129.1% |
| 2002 | 0.53x | $1.17 Billion | $621.90 Million | ▼ -17.2% |
| 2001 | 0.64x | $1.04 Billion | $668.10 Million | ▼ -73.1% |
| 1999 | 2.38x | $453.00 Million | $1.08 Billion | ▲ +369.2% |
| 1998 | 0.51x | $484.10 Million | $245.80 Million | ▼ -0.6% |
| 1997 | 0.51x | $428.50 Million | $218.90 Million | ▼ -19.3% |
| 1996 | 0.63x | $321.00 Million | $203.10 Million | ▲ +30.5% |
| 1995 | 0.48x | $391.50 Million | $189.80 Million | ▼ -18.7% |
| 1994 | 0.60x | $336.40 Million | $200.60 Million | — |