Revenue Growth Momentum
NI grew total revenue 8.0% year-over-year to $2.32B in Q1 2026 (vs. $2.15B in Q1 2025), demonstrating continued top-line expansion across its business segments.
Source: 10-Q Income Statement (XBRL Financial Data)
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
NI delivered solid Q1 2026 results with revenue growing 8.0% YoY to $2.32B and operating income rising 7.9% to $819.2M, though operating cash flow declined sharply by 35.6% to $442.3M and cash balances fell 72.3% to $71.9M, signaling potential working capital pressures.
Revenue
$2.32B
+8.04% YoY
EPS (Diluted)
$1.06
+6.00% YoY
Operating Income
$819.2M
+7.87% YoY
Source: SEC XBRL
Nisource (NI) reported Q1 FY2026 revenue of $2.32B, up 8.0% year over year. Operating margin was 35.3%, essentially unchanged from a year earlier. Operating cash flow was $442.3M, down 35.6% year over year. NI's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 0 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.16 | 0.16 | Miss -2.1% |
| Mar 2026This filing | 1.06 | 1.08 | Miss -2.3% |
| Dec 2025 | 0.51 | 0.52 | Miss -1.3% |
| Sep 2025 | 0.19 | 0.20 | Miss -6.8% |
Reported EPS of $1.06 versus the $1.08 analyst consensus — a -2.3% miss for Mar 2026.
Compiled by AI from this SEC filing
NI grew total revenue 8.0% year-over-year to $2.32B in Q1 2026 (vs. $2.15B in Q1 2025), demonstrating continued top-line expansion across its business segments.
Source: 10-Q Income Statement (XBRL Financial Data)
Operating margin remained essentially flat at 35.3% (vs. 35.3% prior year), indicating that cost management kept pace with revenue growth despite a $29.7M increase in D&A to $288.3M.
Source: 10-Q Income Statement & Key Ratios (XBRL Financial Data)
Operating cash flow dropped 35.6% YoY to $442.3M from $686.4M, a significant divergence from net income growth of 6.8%, suggesting meaningful working capital headwinds or timing differences in cash collections.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
Total assets grew 10.6% YoY to $36.6B, but cash and equivalents plummeted 72.3% to just $71.9M, and the current ratio stands at 0.65, indicating current liabilities significantly exceed current assets.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Current liabilities declined 12.1% YoY to $3.73B (from $4.24B), partially offsetting the low cash balance, though the current ratio of 0.65 still reflects a net current liability position that warrants monitoring.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
Cash and equivalents fell 72.3% YoY to $71.9M, while the current ratio stands at 0.65, meaning current liabilities of $3.73B significantly exceed current assets of $2.41B. This imbalance could constrain NI's ability to meet short-term obligations without accessing external financing.
Source: 10-Q Balance Sheet (XBRL Financial Data)
Operating cash flow declined 35.6% YoY to $442.3M despite net income growing 6.8% to $507.1M, creating a notable gap between reported earnings and cash generation. Sustained divergence between net income and operating cash flow may indicate aggressive revenue recognition timing or rising receivables.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
Financing cash flow of $391.7M partially offset the weak operating cash flow, but this represents a 49.2% decline from $771.4M in Q1 2025, suggesting reduced capacity or willingness to raise external capital at the same pace as prior periods.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
ROE stands at 5.25% and ROA at 1.39%, both relatively modest figures for a company with $36.6B in total assets and $9.66B in stockholders' equity. If asset growth continues to outpace earnings growth, these return metrics could compress further.
Source: 10-Q Balance Sheet & Key Ratios (XBRL Financial Data)
D&A increased 11.5% YoY to $288.3M, outpacing revenue growth of 8.0%, which may reflect a growing fixed asset or intangible asset base that could weigh on future free cash flow and require continued capital investment to maintain.
Source: 10-Q Cash Flow Statement (XBRL Financial Data)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 2.32 $B | 2.15 $B | +8.04% |
Operating Income $M | 819.20 $M | 759.40 $M | +7.87% |
Net Income $M | 507.10 $M | 474.80 $M | +6.80% |
EPS (Basic) $ | 1.06 $ | 1.01 $ | +4.95% |
EPS (Diluted) $ | 1.06 $ | 1.00 $ | +6.00% |
Answers draw on this SEC filing and the data on this page
NiSource's Q2 FY2026 net income available to common shareholders dropped 55.5% year-over-year to $45.5 million, driven by higher operating expenses and $30.5 million in lockout-related costs at NIPSCO, partially offset by higher capital‑investment revenues.
NI (National Instruments) delivered strong FY2025 results with revenue surging 23.5% to $6.52B, operating income rising 26.1% to $1.84B, and operating cash flow jumping 32.6% to $2.36B, reflecting robust business momentum.
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