NiSource Inc (NI) — Cash Flow Quality Index
NiSource Inc (NI) has a Cash Flow Quality Index of 0.87x as of March 2026. Operating cash flow of $442.30 Million is below net income of $506.00 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore investment intensity of NiSource Inc to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
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. Check NiSource Inc (NI) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for NiSource Inc (1994–2025)
Year-by-year earnings quality comparison for NiSource Inc. For live market cap and the full company financial profile, see NI market cap overview.
| 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 | — |