NiSource Inc (NI) — Cash Flow Quality Index
Latest as of June 2026:
18.44x
NiSource Inc (NI) has a Cash Flow Quality Index of 18.44x as of June 2026. Operating cash flow of $680.40 Million exceeds net income of $36.90 Million, indicating high earnings quality where cash backs reported profits. Explore NI operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
18.44x
Operating CF / Net Income
Operating Cash Flow
$680.40 Million
USD
Net Income
$36.90 Million
USD
Data as of
Jun 2026
Most recent filing
NiSource Inc Cash Flow Quality Index (1994–2025)
Historical Cash Flow Quality Index for NiSource Inc across 30 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see NiSource Inc cash flow conversion.
Annual Cash Flow Quality Index for NiSource Inc (1994–2025)
Year-by-year earnings quality comparison for NiSource Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 2.55x | $2.36 Billion | $926.90 Million | ▲ +8.8% |
| 2024 | 2.34x | $1.78 Billion | $760.40 Million | ▼ -18.3% |
| 2023 | 2.87x | $1.94 Billion | $674.40 Million | ▲ +61.2% |
| 2022 | 1.78x | $1.41 Billion | $791.80 Million | ▼ -13.9% |
| 2021 | 2.07x | $1.22 Billion | $588.80 Million | ▼ -50.0% |
| 2019 | 4.13x | $1.58 Billion | $383.10 Million | ▼ -28.4% |
| 2017 | 5.77x | $742.20 Million | $128.60 Million | ▲ +135.7% |
| 2016 | 2.45x | $803.30 Million | $328.10 Million | ▼ -66.6% |
| 2015 | 7.34x | $1.46 Billion | $198.60 Million | ▲ +195.0% |
| 2014 | 2.49x | $1.32 Billion | $530.70 Million | ▼ -15.0% |
| 2013 | 2.93x | $1.44 Billion | $490.90 Million | ▼ -5.8% |
| 2012 | 3.11x | $1.28 Billion | $410.60 Million | ▲ +6.8% |
| 2011 | 2.91x | $870.20 Million | $299.10 Million | ▲ +18.0% |
| 2010 | 2.47x | $720.00 Million | $292.00 Million | ▼ -67.5% |
| 2009 | 7.58x | $1.65 Billion | $217.70 Million | ▲ +2.5% |
| 2008 | 7.39x | $584.20 Million | $79.00 Million | ▲ +213.9% |
| 2007 | 2.36x | $757.20 Million | $321.40 Million | ▼ -42.5% |
| 2006 | 4.10x | $1.16 Billion | $282.20 Million | ▲ +76.3% |
| 2005 | 2.32x | $712.30 Million | $306.50 Million | ▼ -0.9% |
| 2004 | 2.34x | $1.02 Billion | $436.30 Million | ▼ -57.8% |
| 2003 | 5.55x | $472.90 Million | $85.20 Million | ▲ +76.4% |
| 2002 | 3.15x | $1.17 Billion | $372.50 Million | ▼ -34.7% |
| 2001 | 4.82x | $1.04 Billion | $216.20 Million | ▲ +11065.7% |
| 2000 | -0.04x | $-6.90 Million | $156.90 Million | ▼ -101.6% |
| 1999 | 2.82x | $453.00 Million | $160.40 Million | ▲ +13.1% |
| 1998 | 2.50x | $484.10 Million | $193.90 Million | ▲ +11.2% |
| 1997 | 2.25x | $428.50 Million | $190.80 Million | ▲ +23.6% |
| 1996 | 1.82x | $321.00 Million | $176.70 Million | ▼ -18.6% |
| 1995 | 2.23x | $391.50 Million | $175.50 Million | ▲ +8.8% |
| 1994 | 2.05x | $336.40 Million | $164.00 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.