NiSource Income Before Tax vs Total Revenue Analysis

NI Stock

USD 38.09 0.16 0.42%

NiSource financial indicator trend analysis is infinitely more than just investigating NiSource recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NiSource is a good investment. Please check the relationship between NiSource Income Before Tax and its Total Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NiSource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.

Income Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NiSource Income Before Tax account and Total Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between NiSource's Income Before Tax and Total Revenue is 0.44. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Total Revenue in the same time period over historical financial statements of NiSource, assuming nothing else is changed. The correlation between historical values of NiSource's Income Before Tax and Total Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of NiSource are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Income Before Tax i.e., NiSource's Income Before Tax and Total Revenue go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on NiSource income statement and is an important metric when analyzing NiSource profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Total Revenue

Total revenue comprises all receipts NiSource generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Most indicators from NiSource's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NiSource current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NiSource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.The NiSource's current Sales General And Administrative To Revenue is estimated to increase to 0, while Selling General Administrative is projected to decrease to under 22.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.1B	2.3B	2.5B	3.5B
Total Revenue	4.9B	5.9B	5.5B	5.0B

Gross Profit Total Revenue

NiSource fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Liab	Other Assets
Common Stock Shares Outstanding		0.88	0.92	0.51	0.69	0.88	0.96	0.06	0.92	-0.54	0.81	0.12	0.89	0.38	0.12	0.63	0.84	0.52	0.73	0.75	0.84	0.65	0.24	-0.69	0.8	0.18
Total Assets	0.88		0.98	0.77	0.86	0.96	0.95	-0.1	0.98	-0.17	0.82	0.27	1.0	0.2	0.27	0.83	0.96	0.69	0.67	0.76	0.99	0.86	0.49	-0.81	0.58	0.0
Short Long Term Debt Total	0.92	0.98		0.68	0.85	0.95	0.98	-0.15	0.98	-0.29	0.83	0.33	0.97	0.32	0.33	0.75	0.92	0.61	0.75	0.79	0.95	0.86	0.51	-0.75	0.65	-0.06
Other Current Liab	0.51	0.77	0.68		0.82	0.7	0.6	-0.22	0.71	0.13	0.55	0.26	0.76	0.11	0.26	0.78	0.74	0.84	0.44	0.58	0.79	0.73	0.59	-0.77	0.29	0.01
Total Current Liabilities	0.69	0.86	0.85	0.82		0.8	0.79	-0.26	0.83	-0.1	0.79	0.39	0.84	0.35	0.39	0.79	0.76	0.69	0.65	0.69	0.86	0.88	0.78	-0.7	0.52	-0.14
Total Stockholder Equity	0.88	0.96	0.95	0.7	0.8		0.95	-0.12	0.94	-0.19	0.84	0.28	0.96	0.27	0.28	0.76	0.89	0.61	0.72	0.75	0.91	0.82	0.42	-0.68	0.5	0.03
Property Plant And Equipment Net	0.96	0.95	0.98	0.6	0.79	0.95		-0.06	0.97	-0.4	0.86	0.26	0.96	0.34	0.26	0.71	0.9	0.56	0.75	0.8	0.92	0.78	0.41	-0.72	0.7	0.03
Current Deferred Revenue	0.06	-0.1	-0.15	-0.22	-0.26	-0.12	-0.06		-0.01	0.07	0.03	-0.9	-0.04	-0.54	-0.9	0.13	0.04	0.16	-0.49	-0.4	-0.03	-0.48	-0.66	-0.06	0.02	0.8
Net Debt	0.92	0.98	0.98	0.71	0.83	0.94	0.97	-0.01		-0.29	0.87	0.2	0.98	0.26	0.2	0.83	0.96	0.68	0.66	0.78	0.97	0.77	0.44	-0.82	0.65	0.08
Retained Earnings	-0.54	-0.17	-0.29	0.13	-0.1	-0.19	-0.4	0.07	-0.29		-0.39	-0.19	-0.19	-0.69	-0.19	0.02	-0.14	0.14	-0.48	-0.57	-0.14	-0.01	-0.08	0.22	-0.8	-0.02
Accounts Payable	0.81	0.82	0.83	0.55	0.79	0.84	0.86	0.03	0.87	-0.39		0.19	0.83	0.37	0.19	0.83	0.76	0.54	0.59	0.76	0.8	0.61	0.49	-0.68	0.6	0.11
Cash	0.12	0.27	0.33	0.26	0.39	0.28	0.26	-0.9	0.2	-0.19	0.19		0.21	0.59	1.0	0.04	0.13	-0.02	0.64	0.62	0.2	0.6	0.77	-0.11	0.14	-0.89
Non Current Assets Total	0.89	1.0	0.97	0.76	0.84	0.96	0.96	-0.04	0.98	-0.19	0.83	0.21		0.17	0.21	0.84	0.98	0.7	0.64	0.76	0.99	0.81	0.44	-0.83	0.59	0.07
Non Currrent Assets Other	0.38	0.2	0.32	0.11	0.35	0.27	0.34	-0.54	0.26	-0.69	0.37	0.59	0.17		0.59	0.0	0.04	-0.03	0.72	0.6	0.12	0.32	0.52	-0.06	0.48	-0.33
Cash And Short Term Investments	0.12	0.27	0.33	0.26	0.39	0.28	0.26	-0.9	0.2	-0.19	0.19	1.0	0.21	0.59		0.04	0.13	-0.02	0.64	0.62	0.2	0.6	0.77	-0.11	0.14	-0.89
Net Receivables	0.63	0.83	0.75	0.78	0.79	0.76	0.71	0.13	0.83	0.02	0.83	0.04	0.84	0.0	0.04		0.86	0.76	0.3	0.61	0.88	0.61	0.46	-0.86	0.4	0.2
Non Current Liabilities Total	0.84	0.96	0.92	0.74	0.76	0.89	0.9	0.04	0.96	-0.14	0.76	0.13	0.98	0.04	0.13	0.86		0.71	0.52	0.72	0.99	0.74	0.35	-0.9	0.58	0.1
Inventory	0.52	0.69	0.61	0.84	0.69	0.61	0.56	0.16	0.68	0.14	0.54	-0.02	0.7	-0.03	-0.02	0.76	0.71		0.39	0.43	0.74	0.54	0.34	-0.72	0.28	0.19
Other Current Assets	0.73	0.67	0.75	0.44	0.65	0.72	0.75	-0.49	0.66	-0.48	0.59	0.64	0.64	0.72	0.64	0.3	0.52	0.39		0.77	0.57	0.77	0.55	-0.35	0.56	-0.38
Other Stockholder Equity	0.75	0.76	0.79	0.58	0.69	0.75	0.8	-0.4	0.78	-0.57	0.76	0.62	0.76	0.6	0.62	0.61	0.72	0.43	0.77		0.74	0.67	0.64	-0.73	0.7	-0.3
Total Liab	0.84	0.99	0.95	0.79	0.86	0.91	0.92	-0.03	0.97	-0.14	0.8	0.2	0.99	0.12	0.2	0.88	0.99	0.74	0.57	0.74		0.81	0.48	-0.89	0.59	0.05
Total Current Assets	0.65	0.86	0.86	0.73	0.88	0.82	0.78	-0.48	0.77	-0.01	0.61	0.6	0.81	0.32	0.6	0.61	0.74	0.54	0.77	0.67	0.81		0.71	-0.57	0.39	-0.4
Short Term Debt	0.24	0.49	0.51	0.59	0.78	0.42	0.41	-0.66	0.44	-0.08	0.49	0.77	0.44	0.52	0.77	0.46	0.35	0.34	0.55	0.64	0.48	0.71		-0.42	0.28	-0.62
Common Stock	-0.69	-0.81	-0.75	-0.77	-0.7	-0.68	-0.72	-0.06	-0.82	0.22	-0.68	-0.11	-0.83	-0.06	-0.11	-0.86	-0.9	-0.72	-0.35	-0.73	-0.89	-0.57	-0.42		-0.66	-0.12
Other Liab	0.8	0.58	0.65	0.29	0.52	0.5	0.7	0.02	0.65	-0.8	0.6	0.14	0.59	0.48	0.14	0.4	0.58	0.28	0.56	0.7	0.59	0.39	0.28	-0.66		0.09
Other Assets	0.18	0.0	-0.06	0.01	-0.14	0.03	0.03	0.8	0.08	-0.02	0.11	-0.89	0.07	-0.33	-0.89	0.2	0.1	0.19	-0.38	-0.3	0.05	-0.4	-0.62	-0.12	0.09

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NiSource Account Relationship Matchups

NiSource fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	376.0M	384.3M	417.3M	442.7M	447.9M	263.6M
Total Assets	22.7B	22.0B	24.2B	26.7B	31.1B	19.2B
Short Long Term Debt Total	9.6B	9.7B	9.8B	11.7B	14.1B	7.8B
Other Current Liab	1.0B	676.7M	908.6M	1.4B	1.2B	1.2B
Total Current Liabilities	3.7B	2.3B	2.7B	4.7B	5.3B	3.5B
Total Stockholder Equity	6.0B	5.8B	6.9B	7.6B	8.3B	4.9B
Property Plant And Equipment Net	16.9B	16.6B	17.9B	19.8B	22.3B	12.3B
Current Deferred Revenue	256.4M	243.3M	237.9M	324.7M	(248.8M)	(236.4M)
Net Debt	9.5B	9.6B	9.7B	11.6B	11.9B	7.7B
Retained Earnings	(1.4B)	(1.8B)	(1.6B)	(1.2B)	(967M)	(918.7M)
Accounts Payable	666M	589M	697.8M	899.5M	749.4M	629.6M
Cash	139.3M	116.5M	84.2M	40.8M	2.2B	2.4B
Non Current Assets Total	20.8B	20.4B	22.2B	24.2B	26.6B	17.0B
Non Currrent Assets Other	764.5M	553.1M	949.3M	2.6B	2.5B	2.7B
Cash And Short Term Investments	139.3M	116.5M	84.2M	40.8M	2.2B	2.4B
Net Receivables	905.4M	825.4M	925.2M	1.2B	928M	942.9M
Liabilities And Stockholders Equity	22.7B	22.0B	24.2B	26.7B	31.1B	19.2B
Non Current Liabilities Total	12.9B	13.9B	14.1B	14.2B	15.7B	10.9B
Inventory	424.7M	401.1M	498.7M	751.9M	503.2M	499.5M
Other Current Assets	225.7M	316.4M	412.7M	621.6M	822.8M	418.9M
Other Stockholder Equity	6.6B	6.8B	7.1B	7.3B	8.8B	9.2B
Total Liab	16.7B	16.2B	16.9B	18.8B	20.9B	14.2B
Total Current Assets	1.9B	1.7B	1.9B	2.6B	4.5B	2.3B
Accumulated Other Comprehensive Income	(92.6M)	(156.7M)	(126.8M)	(37.1M)	(33.6M)	(35.3M)
Short Term Debt	1.8B	526.3M	624.8M	1.8B	3.1B	3.3B
Other Liab	4.9B	4.6B	5.0B	4.6B	5.3B	3.6B
Other Assets	2.3B	2.0B	2.6B	2.6B	63.6M	60.4M
Long Term Debt	7.9B	9.0B	9.2B	9.5B	11.1B	7.5B
Property Plant Equipment	17.0B	39.9M	17.9B	35.7M	41.1M	39.0M
Property Plant And Equipment Gross	16.9B	16.6B	25.2B	27.6B	30.5B	15.6B
Net Tangible Assets	13.0B	14.1B	14.6B	15.6B	17.9B	13.9B
Retained Earnings Total Equity	(1.4B)	(1.8B)	(1.6B)	(1.2B)	(1.1B)	(1.0B)

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How To Invest In NiSource

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Largest Multi-Utilities Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NiSource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in NiSource Stock please use our How to Invest in NiSource guide.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Is Multi-Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NiSource. If investors know NiSource will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NiSource listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.097

Dividend Share

1.06

Earnings Share

1.64

Revenue Per Share

11.933

Quarterly Revenue Growth

0.048

The market value of NiSource is measured differently than its book value, which is the value of NiSource that is recorded on the company's balance sheet. Investors also form their own opinion of NiSource's value that differs from its market value or its book value, called intrinsic value, which is NiSource's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NiSource's market value can be influenced by many factors that don't directly affect NiSource's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between NiSource's value and its price as these two are different measures arrived at by different means. Investors typically determine if NiSource is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NiSource's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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NiSource Income Before Tax vs Total Revenue Analysis

Income Before Tax vs Total Revenue

Income Before Tax vs Total Revenue Correlation Analysis

Correlation Coefficient

Income Before Tax

Total Revenue

NiSource fundamental ratios Correlations

NiSource Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NiSource fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Assets
Total Liab	+ 0.99	Non Current Assets Total
Total Liab	+ 0.99	Non Current Liabilities Total
Short Long Term Debt Total	+ 0.98	Total Assets

Common Stock	- 0.9	Non Current Liabilities Total
Cash And Short Term Investments	- 0.9	Current Deferred Revenue
Cash	- 0.9	Current Deferred Revenue
Common Stock	- 0.89	Total Liab
Other Assets	- 0.89	Cash And Short Term Investments
Other Assets	- 0.89	Cash