NiSource Inc (NI) — Capital Reinvestment Ratio
Latest as of March 2026:
1.82x
NiSource Inc (NI) has a Capital Reinvestment Ratio of 1.82x as of March 2026, meaning it reinvests 2% of its operating cash flow ($442.30 Million) in capital expenditures ($805.20 Million). See NiSource Inc (NI) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.82x
Capex / Operating Cash Flow
Operating Cash Flow
$442.30 Million
USD
Capital Expenditures
$805.20 Million
USD
Data as of
Mar 2026
Most recent filing
NiSource Inc Capital Reinvestment Ratio (1994–2025)
This chart tracks NiSource Inc's Capital Reinvestment Ratio across 31 annual periods.
Annual Capital Reinvestment Ratio for NiSource Inc (1994–2025)
Year-by-year Capital Reinvestment Ratio for NiSource Inc from 1994 to 2025. For live market cap and broader valuation context, see NiSource Inc (NI) total market value.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow