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NI (NODK) Financials

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Annual Income Statements for NI

Annual Income Statements for NI

This table shows NI's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 -6.06 -5.48 -53
Consolidated Net Income / (Loss)		 6.60 20 -39
Net Income / (Loss) Continuing Operations		 6.60 20 -39
Total Pre-Tax Income 		10 21 -53
Total Revenue		 325 304 268
Net Interest Income / (Expense)		 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00
Total Non-Interest Income		 325 304 268
Other Service Charges		 1.94 1.94 1.38
Net Realized & Unrealized Capital Gains on Investments		 13 9.96 -5.34
Premiums Earned		 310 292 272
Total Non-Interest Expense		 315 283 321
Property & Liability Insurance Claims		 207 187 242
Insurance Policy Acquisition Costs		 34 29 25
Amortization Expense		 71 68 54
Impairment Charge		 2.63 0.00 0.00
Income Tax Expense		 3.55 0.72 -14
Net Income / (Loss) Discontinued Operations		 -1.51 -25 -15
Other Adjustments to Consolidated Net Income / (Loss)		 -11 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.25 -0.68
Basic Earnings per Share		 ($0.29) ($0.26) ($2.49)
Weighted Average Basic Shares Outstanding		 20.97M 21.16M 21.33M
Diluted Earnings per Share		 ($0.29) ($0.26) ($2.49)
Weighted Average Diluted Shares Outstanding		 21.09M 21.24M 21.33M
Weighted Average Basic & Diluted Shares Outstanding		 20.68M 20.62M 21.07M

Quarterly Income Statements for NI

This table shows NI's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 9.85 -2.71 -20 6.42 6.63 0.23 -8.12 -4.21 0.89 -9.99
Consolidated Net Income / (Loss)		 10 -2.71 -7.48 6.42 34 0.81 -11 -4.50 16 -10
Net Income / (Loss) Continuing Operations		 10 -2.71 -7.48 6.42 26 0.81 -2.58 -4.50 16 -10
Total Pre-Tax Income 		14 -3.46 -9.07 8.18 28 1.02 -3.26 -5.51 17 -13
Total Revenue		 57 89 88 91 63 78 81 82 37 89
Net Interest Income / (Expense)		 -3.55 0.00 0.00 3.55 -4.16 0.00 1.92 2.24 -1.65 0.00
Total Interest Income		 -3.55 0.00 0.00 3.55 -4.16 0.00 1.92 2.24 -1.65 0.00
Total Non-Interest Income		 61 89 88 88 68 78 79 79 38 89
Other Service Charges		 0.34 0.49 0.70 0.41 0.73 0.45 0.49 0.27 0.06 0.48
Net Realized & Unrealized Capital Gains on Investments		 4.16 5.22 1.94 1.83 7.55 1.17 -0.17 1.42 10 -0.83
Premiums Earned		 56 83 85 86 59 76 79 78 28 90
Total Non-Interest Expense		 43 92 97 83 35 77 84 87 20 102
Property & Liability Insurance Claims		 21 65 69 52 14 53 60 59 14 79
Insurance Policy Acquisition Costs		 5.46 9.72 8.23 10 4.87 7.33 7.48 9.66 1.61 5.91
Amortization Expense		 14 18 19 21 16 17 17 19 4.15 18
Income Tax Expense		 4.13 -0.75 -1.59 1.76 2.20 0.21 -0.69 -1.01 0.73 -3.07
Basic Earnings per Share		 $0.47 ($0.13) ($0.94) $0.31 $0.31 $0.01 ($0.38) ($0.20) $0.04 ($0.47)
Weighted Average Basic Shares Outstanding		 20.97M 20.99M 20.97M 20.93M 21.16M 21.11M 21.28M 21.37M 21.33M 21.33M
Diluted Earnings per Share		 $0.48 ($0.13) ($0.94) $0.30 $0.31 $0.01 ($0.38) ($0.20) $0.04 ($0.47)
Weighted Average Diluted Shares Outstanding		 21.09M 20.99M 20.97M 21.05M 21.24M 21.19M 21.28M 21.37M 21.33M 21.33M
Weighted Average Basic & Diluted Shares Outstanding		 20.68M - 20.65M 20.63M 20.62M 20.58M 20.86M 21.03M 21.07M 21.12M

Annual Cash Flow Statements for NI

This table details how cash moves in and out of NI's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 27 -15 -8.53
Net Cash From Operating Activities		 39 51 -15
Net Cash From Continuing Operating Activities		 15 19 -14
Net Income / (Loss) Continuing Operations		 -7.57 -30 0.00
Consolidated Net Income / (Loss)		 -6.06 -5.23 -
Net Income / (Loss) Discontinued Operations		 -1.51 -25 -
Depreciation Expense		 0.68 0.69 0.60
Amortization Expense		 72 69 55
Non-Cash Adjustments to Reconcile Net Income		 -40 -61 -61
Changes in Operating Assets and Liabilities, net		 10 23 -8.41
Net Cash From Investing Activities		 -4.54 -8.81 25
Net Cash From Continuing Investing Activities		 -7.42 4.34 39
Purchase of Property, Leasehold Improvements and Equipment		 -0.99 -0.66 -0.88
Purchase of Investment Securities		 -70 -68 -61
Sale of Property, Leasehold Improvements and Equipment		 12 0.00 0.00
Sale and/or Maturity of Investments		 52 73 101
Other Investing Activities, net		 0.19 0.00 -
Net Cash From Discontinued Investing Activities		 2.88 -13 -
Net Cash From Financing Activities		 -3.64 -7.47 -18
Net Cash From Continuing Financing Activities		 -11 -36 -18
Repayment of Debt		 -0.10 -0.02 0.00
Repurchase of Common Equity		 0.00 -7.28 -4.18
Other Financing Activities, Net		 -11 -28 -14
Net Cash From Discontinued Financing Activities		 7.06 28 -
Cash Income Taxes Paid		 2.85 -11 2.18

Quarterly Cash Flow Statements for NI

This table details how cash moves in and out of NI's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 8.80 -1.94 8.60 12 -15 -35 21 14 7.82 -8.76
Net Cash From Operating Activities		 22 -18 19 16 42 -10 24 -4.35 9.39 -38
Net Cash From Continuing Operating Activities		 12 -14 0.56 16 12 -12 23 -4.35 11 -38
Net Income / (Loss) Continuing Operations		 9.85 -2.71 -21 6.42 -5.37 -0.21 -20 -4.50 55 -10
Consolidated Net Income / (Loss)		 9.85 -2.71 -20 6.42 7.21 0.30 -8.24 -4.50 - -10
Depreciation Expense		 0.15 0.19 0.10 0.24 0.23 0.16 0.13 0.18 0.09 0.17
Amortization Expense		 18 18 15 21 20 17 13 19 4.03 18
Non-Cash Adjustments to Reconcile Net Income		 -2.04 -16 2.32 -24 -7.84 -14 -16 -24 -26 -52
Changes in Operating Assets and Liabilities, net		 6.61 -17 8.33 12 12 -15 20 4.95 -21 5.70
Net Cash From Investing Activities		 -9.87 9.10 0.37 -4.14 -6.79 -3.14 -18 19 6.41 31
Net Cash From Continuing Investing Activities		 -9.87 9.10 -2.51 -4.14 -5.78 -3.65 -5.66 19 21 31
Purchase of Property, Leasehold Improvements and Equipment		 -0.21 -0.15 -0.58 -0.05 0.10 -0.11 -0.36 -0.29 0.17 -0.27
Purchase of Investment Securities		 -19 -16 -22 -14 -19 -13 -14 -22 2.56 -12
Sale and/or Maturity of Investments		 8.80 23 9.34 10 13 9.59 8.20 42 19 42
Net Cash From Financing Activities		 -0.03 -3.41 -0.02 -0.18 -0.01 -4.06 -2.60 -0.79 -7.98 -1.14
Net Cash From Continuing Financing Activities		 -0.03 -3.41 -7.08 -0.18 -0.28 -11 -24 -0.79 -7.98 -1.14
Repayment of Debt		 -0.03 -0.03 -0.02 -0.03 -0.02 - - 0.00 6.67 -
Other Financing Activities, Net		 -0.00 -3.39 -7.06 -0.15 -28 21 -21 -0.17 -13 -0.20
Cash Income Taxes Paid		 0.01 - 3.74 -0.89 -10 - -0.94 0.00 -0.19 -

Annual Balance Sheets for NI

This table presents NI's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 527 655 614
Cash and Due from Banks		 51 41 47
Trading Account Securities		 25 22 356
Loans and Leases, Net of Allowance		 308 289 0.00
Loans and Leases		 308 289 -
Accrued Investment Income		 2.63 2.33 2.46
Premises and Equipment, Net		 7.55 7.45 9.84
Unearned Premiums Asset		 54 55 64
Deferred Acquisition Cost		 26 27 30
Intangible Assets		 0.10 2.73 17
Other Assets		 53 208 88
Total Liabilities & Shareholders' Equity		 527 655 614
Total Liabilities		 282 404 361
Future Policy Benefits		 137 119 190
Unearned Premiums Liability		 126 126 149
Other Long-Term Liabilities		 18 159 22
Total Equity & Noncontrolling Interests		 245 250 253
Total Preferred & Common Equity		 245 248 251
Total Common Equity		 245 248 251
Common Stock		 96 97 96
Retained Earnings		 202 208 214
Treasury Stock		 -34 -35 -29
Accumulated Other Comprehensive Income / (Loss)		 -18 -21 -29
Other Equity Adjustments		 -0.46 -0.70 -0.94
Noncontrolling Interest		 0.00 2.76 2.23

Quarterly Balance Sheets for NI

This table presents NI's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 560 571 675 657 687 628 637
Cash and Due from Banks		 39 51 69 35 53 61 54
Trading Account Securities		 26 326 379 25 358 343 353
Loans and Leases, Net of Allowance		 307 0.00 0.00 0.00 0.00 0.00 0.00
Loans and Leases		 307 - - - - - -
Accrued Investment Income		 2.25 2.47 2.92 2.72 2.73 2.35 2.20
Premises and Equipment, Net		 7.55 7.59 9.71 10 10 9.92 9.92
Unearned Premiums Asset		 85 93 83 100 109 68 103
Deferred Acquisition Cost		 27 - 37 32 34 - 30
Intangible Assets		 2.73 2.73 9.93 17 17 17 17
Other Assets		 63 56 85 436 104 101 67
Total Liabilities & Shareholders' Equity		 560 571 675 657 687 628 637
Total Liabilities		 319 335 419 427 447 375 386
Future Policy Benefits		 159 149 225 241 232 205 186
Unearned Premiums Liability		 137 158 171 165 185 153 154
Other Long-Term Liabilities		 23 29 22 21 29 - 41
Total Equity & Noncontrolling Interests		 241 236 256 230 240 253 251
Total Preferred & Common Equity		 241 236 256 228 238 253 249
Total Common Equity		 241 236 256 228 238 253 249
Common Stock		 96 97 97 96 96 96 96
Retained Earnings		 192 194 218 202 202 210 213
Treasury Stock		 -34 -34 -35 -35 -31 -29 -28
Accumulated Other Comprehensive Income / (Loss)		 -12 -20 -24 -34 -27 -25 -32
Other Equity Adjustments		 -0.70 -0.70 -0.70 -0.94 -0.94 1.21 -1.18
Noncontrolling Interest		 0.00 0.00 0.00 1.64 1.93 - 2.06

Annual Metrics And Ratios for NI

This table displays calculated financial ratios and metrics derived from NI's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 6.97% 13.53% -17.34%
EBITDA Growth		 -7.95% 3,087.76% -96.44%
EBIT Growth		 -50.63% 138.86% -567.68%
NOPAT Growth		 -66.72% 153.58% -544.23%
Net Income Growth		 -66.72% 151.26% -564.29%
EPS Growth		 -11.54% 89.56% -738.46%
Operating Cash Flow Growth		 -24.54% 433.65% -152.43%
Free Cash Flow Firm Growth		 -45.37% -63.58% 1,187.12%
Invested Capital Growth		 -2.30% -1.11% -28.14%
Revenue Q/Q Growth		 -17.29% -8.97% -15.38%
EBITDA Q/Q Growth		 -7.70% 48.60% -69.47%
EBIT Q/Q Growth		 1,287.94% 389.52% 13.71%
NOPAT Q/Q Growth		 1,204.05% 499.18% 13.71%
Net Income Q/Q Growth		 22.15% 247.97% 20.44%
EPS Q/Q Growth		 36.96% 50.94% -10.67%
Operating Cash Flow Q/Q Growth		 15.66% 1,260.75% -205.82%
Free Cash Flow Firm Q/Q Growth		 202.79% 9.81% 36.42%
Invested Capital Q/Q Growth		 1.35% 8.90% -0.91%
Profitability Metrics		 - - -
EBITDA Margin		 25.43% 29.55% 1.05%
EBIT Margin		 3.12% 6.76% -19.75%
Profit (Net Income) Margin		 2.03% 6.52% -14.45%
Tax Burden Percent		 65.06% 96.52% 73.16%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 34.94% 3.48% 0.00%
Return on Invested Capital (ROIC)		 2.67% 7.88% -12.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -79.61%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% -0.66%
Return on Equity (ROE)		 0.00% 0.00% -12.88%
Cash Return on Invested Capital (CROIC)		 5.00% 8.99% 20.53%
Operating Return on Assets (OROA)		 1.72% 3.24% -8.35%
Return on Assets (ROA)		 1.12% 3.13% -6.11%
Return on Common Equity (ROCE)		 0.00% 0.00% -12.83%
Return on Equity Simple (ROE_SIMPLE)		 2.70% 8.01% -15.41%
Net Operating Profit after Tax (NOPAT)		 6.60 20 -37
NOPAT Margin		 2.03% 6.52% -13.82%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 67.38%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 96.88% 93.24% 119.75%
Earnings before Interest and Taxes (EBIT)		 10 21 -53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 83 90 2.82
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.35 1.11 1.13
Price to Tangible Book Value (P/TBV)		 1.35 1.13 1.21
Price to Revenue (P/Rev)		 1.02 0.91 1.06
Price to Earnings (P/E)		 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.15 0.95 0.94
Enterprise Value to Revenue (EV/Rev)		 0.86 0.78 0.89
Enterprise Value to EBITDA (EV/EBITDA)		 3.39 2.64 84.57
Enterprise Value to EBIT (EV/EBIT)		 27.62 11.56 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 42.45 11.98 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.28 4.66 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 22.65 10.49 3.83
Leverage & Solvency		 - - -
Debt to Equity		 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.01
Leverage Ratio		 2.39 2.52 2.11
Compound Leverage Factor		 2.39 2.52 2.11
Debt to Total Capital		 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 1.10% 0.88%
Common Equity to Total Capital		 100.00% 98.90% 99.12%
Debt to EBITDA		 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.56% 0.99% 0.37%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 12 23 62
Operating Cash Flow to CapEx		 0.00% 7,719.82% -1,741.91%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00
Efficiency Ratios		 - - -
Asset Turnover		 0.55 0.48 0.42
Fixed Asset Turnover		 43.36 35.16 27.17
Capital & Investment Metrics		 - - -
Invested Capital		 245 250 253
Invested Capital Turnover		 1.31 1.21 0.88
Increase / (Decrease) in Invested Capital		 -5.77 -2.81 -99
Enterprise Value (EV)		 280 238 238
Market Capitalization		 331 276 283
Book Value per Share		 $11.67 $11.70 $11.88
Tangible Book Value per Share		 $11.66 $11.57 $11.07
Total Capital		 245 250 253
Total Debt		 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00
Net Debt		 -51 -41 -47
Capital Expenditures (CapEx)		 -11 0.66 0.88
Net Nonoperating Expense (NNE)		 0.00 0.00 1.67
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00
Total Depreciation and Amortization (D&A)		 73 69 56
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 ($0.29) ($0.26) ($2.49)
Adjusted Weighted Average Basic Shares Outstanding		 20.97M 21.16M 21.33M
Adjusted Diluted Earnings per Share		 ($0.29) ($0.26) ($2.49)
Adjusted Weighted Average Diluted Shares Outstanding		 21.09M 21.16M 21.33M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 20.68M 20.62M 21.07M
Normalized Net Operating Profit after Tax (NOPAT)		 8.31 20 -37
Normalized NOPAT Margin		 2.56% 6.52% -13.82%
Pre Tax Income Margin		 3.12% 6.76% -19.75%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 36.70% -10.81%

Quarterly Metrics And Ratios for NI

This table displays calculated financial ratios and metrics derived from NI's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -9.94% 14.04% 8.30% 12.01% 72.75% -12.50% 6.97% 23.31% -57.03% 5.40%
EBITDA Growth		 -32.77% -19.07% -36.21% 114.99% 129.52% 242.20% 124.18% -27.58% -24.75% -26.22%
EBIT Growth		 -48.80% -439.16% -178.14% 248.38% 68.35% 107.69% 94.48% -311.47% 99.89% -104.34%
NOPAT Growth		 -60.29% -400.52% -178.14% 266.33% 62.32% 108.68% 94.48% -289.26% 161.78% -104.34%
Net Income Growth		 -69.72% -436.02% 30.10% 242.64% 112.82% 107.92% 77.06% -320.70% 161.78% -109.28%
EPS Growth		 54.84% -1,400.00% -147.37% 250.00% 675.00% 102.13% 82.33% -322.22% -85.71% -113.64%
Operating Cash Flow Growth		 -47.74% -72.40% -23.20% 471.09% 342.89% 72.79% 147.38% -213.04% -52.30% -213.67%
Free Cash Flow Firm Growth		 -44.20% -152.50% 99.16% -95.58% -74.92% -66.67% -178.38% 438.89% 4,265.49% 444.29%
Invested Capital Growth		 -2.30% 4.97% -1.80% 1.10% -1.11% -10.01% 0.00% -25.42% -28.14% -25.72%
Revenue Q/Q Growth		 -35.87% 1.34% -3.88% -3.25% -18.80% -3.76% -0.59% -12.62% -58.87% 17.66%
EBITDA Q/Q Growth		 122.57% 122.87% -77.84% -17.37% 167.92% 75.66% -25.31% -26.74% 299.45% 112.41%
EBIT Q/Q Growth		 519.30% 61.90% -210.88% -29.03% 2,677.43% 131.25% 40.85% -937.84% 226.94% 77.57%
NOPAT Q/Q Growth		 528.41% 61.90% -198.91% -10.98% 3,142.48% 135.27% 40.85% -489.41% 273.47% 77.57%
Net Income Q/Q Growth		 483.14% 63.83% -216.50% -10.98% 4,151.43% 107.52% -137.73% -554.09% 258.14% 78.20%
EPS Q/Q Growth		 469.23% 86.17% -413.33% -3.23% 3,000.00% 102.63% -90.00% -600.00% 108.51% 78.14%
Operating Cash Flow Q/Q Growth		 220.83% -196.59% 15.29% -44.31% 498.60% -143.03% 657.07% 23.77% 124.49% -491.17%
Free Cash Flow Firm Q/Q Growth		 216.45% -582.42% -155.71% -63.63% 9.55% 110.87% -394.47% -17.72% 45.54% -74.42%
Invested Capital Q/Q Growth		 1.35% 2.25% -7.73% 2.18% 8.90% -4.35% -5.01% -0.05% -0.91% 0.00%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 56.59% 16.31% 7.41% 32.16% 75.81% 22.98% 12.59% 16.76% 57.06% 5.88%
EBIT Margin		 25.39% -3.88% -10.33% 8.95% 44.67% 1.31% -4.02% -6.76% 45.84% -14.85%
Profit (Net Income) Margin		 18.16% -3.04% -8.52% 7.03% 54.02% 1.03% -13.20% -5.52% 43.84% -11.40%
Tax Burden Percent		 71.52% 78.27% 82.45% 78.47% 120.92% 79.00% 328.06% 81.63% 95.66% 76.79%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 28.48% 0.00% 0.00% 21.53% 7.77% 21.00% 0.00% 0.00% 4.34% 0.00%
Return on Invested Capital (ROIC)		 23.86% -4.54% -11.60% 10.37% 49.74% 1.42% -8.09% -5.43% 38.78% -10.97%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 1.42% 0.00% -23.59% 38.78% -49.23%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% -0.28% 0.32% -0.39%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00% 1.43% 0.00% -5.71% 39.10% -11.36%
Cash Return on Invested Capital (CROIC)		 5.00% -5.11% 2.15% 1.15% 8.99% 8.49% -212.44% 10.89% 20.53% 15.20%
Operating Return on Assets (OROA)		 13.98% -2.51% -6.28% 5.16% 21.40% 0.67% -2.02% -3.67% 19.39% -7.05%
Return on Assets (ROA)		 10.00% -1.96% -5.17% 4.05% 25.88% 0.53% -6.63% -3.00% 18.55% -5.41%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00% 1.42% 0.00% -5.68% 38.95% -11.24%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 2.24% 3.78% 2.23% 0.00% -5.87% -10.22% -23.83% 0.00% -19.55%
Net Operating Profit after Tax (NOPAT)		 10 -2.42 -6.35 6.42 26 0.81 -2.28 -3.86 16 -9.27
NOPAT Margin		 18.16% -2.72% -7.23% 7.03% 41.20% 1.03% -2.82% -4.73% 43.84% -10.40%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 18.16% 0.00% 38.25%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 74.61% 103.88% 110.33% 91.05% 55.33% 98.69% 104.02% 106.76% 54.16% 114.85%
Earnings before Interest and Taxes (EBIT)		 14 -3.46 -9.07 8.18 28 1.02 -3.26 -5.51 17 -13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 32 15 6.51 29 48 18 10 14 21 5.24
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.35 1.36 1.36 1.25 1.11 1.19 1.33 1.10 1.13 1.15
Price to Tangible Book Value (P/TBV)		 1.35 1.38 1.38 1.30 1.13 1.29 1.43 1.18 1.21 1.23
Price to Revenue (P/Rev)		 1.02 0.84 0.84 0.85 0.91 0.82 0.92 0.82 1.06 0.90
Price to Earnings (P/E)		 0.00 0.00 0.00 61.88 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 1.62% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.15 1.20 1.14 0.98 0.95 1.04 1.10 0.86 0.94 0.93
Enterprise Value to Revenue (EV/Rev)		 0.86 0.74 0.71 0.67 0.78 0.72 0.77 0.64 0.89 0.75
Enterprise Value to EBITDA (EV/EBITDA)		 3.39 3.24 2.90 2.59 2.64 3.97 5.56 0.00 84.57 25.73
Enterprise Value to EBIT (EV/EBIT)		 27.62 0.00 74.42 26.55 11.56 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 42.45 0.00 340.65 43.97 11.98 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.28 8.71 6.60 5.39 4.66 63.97 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 22.65 0.00 52.73 85.79 10.49 11.64 0.00 6.71 3.83 5.21
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.01 0.01 0.01
Leverage Ratio		 2.39 2.58 2.64 2.56 2.52 2.69 2.86 2.14 2.11 2.24
Compound Leverage Factor		 2.39 2.58 2.64 2.56 2.52 2.69 2.86 2.14 2.11 2.24
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.84%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.84%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 1.10% 0.71% 0.80% 0.00% 0.88% 0.81%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 98.90% 99.29% 99.20% 100.00% 99.12% 97.36%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.51
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -5.37
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.11
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.16
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.56% 0.35% 0.41% 0.00% 0.99% 0.77% 0.80% 0.65% 0.37% 1.06%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 16 -14 -2.03 3.64 29 26 -243 82 115 79
Operating Cash Flow to CapEx		 10,152.34% 0.00% 3,220.42% 31,050.00% 0.00% -9,148.25% 6,827.61% -1,484.98% 1,900.00% -14,301.12%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.55 0.65 0.61 0.58 0.48 0.52 0.50 0.54 0.42 0.47
Fixed Asset Turnover		 43.36 44.31 42.80 38.26 35.16 33.19 33.59 34.46 27.17 31.85
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 245 241 236 256 250 230 240 253 253 256
Invested Capital Turnover		 1.31 1.67 1.60 1.48 1.21 1.38 2.87 1.15 0.88 1.06
Increase / (Decrease) in Invested Capital		 -5.77 11 -4.32 2.78 -2.81 -26 240 -86 -99 -88
Enterprise Value (EV)		 280 290 269 250 238 240 265 217 238 237
Market Capitalization		 331 329 321 319 276 273 316 278 283 285
Book Value per Share		 $11.67 $11.50 $11.26 $12.22 $11.70 $10.94 $11.34 $12.01 $11.88 $11.71
Tangible Book Value per Share		 $11.66 $11.37 $11.13 $11.75 $11.57 $10.13 $10.53 $11.20 $11.07 $10.90
Total Capital		 245 241 236 256 250 230 240 253 253 256
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.70
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -51 -39 -51 -69 -41 -35 -53 -61 -47 -50
Capital Expenditures (CapEx)		 0.21 -1.63 0.58 0.05 -0.10 0.11 0.36 0.29 0.49 0.27
Net Nonoperating Expense (NNE)		 0.00 0.29 1.13 0.00 -8.12 0.00 8.42 0.64 0.00 0.90
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.70
Total Depreciation and Amortization (D&A)		 18 18 16 21 20 17 13 19 4.12 18
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.47 ($0.13) ($0.94) $0.31 $0.31 $0.01 ($0.38) ($0.20) $0.04 ($0.47)
Adjusted Weighted Average Basic Shares Outstanding		 20.97M 20.99M 20.97M 20.93M 21.16M 21.11M 21.28M 21.37M 21.33M 21.33M
Adjusted Diluted Earnings per Share		 $0.48 ($0.13) ($0.94) $0.30 $0.31 $0.01 ($0.38) ($0.20) $0.04 ($0.47)
Adjusted Weighted Average Diluted Shares Outstanding		 21.09M 20.99M 20.97M 21.05M 21.24M 21.19M 21.28M 21.37M 21.33M 21.33M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 20.68M 0.00 20.65M 20.63M 20.62M 20.58M 20.86M 21.03M 21.07M 21.12M
Normalized Net Operating Profit after Tax (NOPAT)		 10 -2.42 -6.35 6.42 26 0.81 -2.28 -3.86 16 -9.27
Normalized NOPAT Margin		 18.16% -2.72% -7.23% 7.03% 41.20% 1.03% -2.82% -4.73% 43.84% -10.40%
Pre Tax Income Margin		 25.39% -3.88% -10.33% 8.95% 44.67% 1.31% -4.02% -6.76% 45.84% -14.85%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% -0.04% 45.50% 116.93% 36.70% -64.09% -22.45% -6.31% -10.81% -8.18%

Frequently Asked Questions About NI's Financials

When does NI's financial year end?

According to the most recent income statement we have on file, NI's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has NI's net income changed over the last 2 years?

NI's net income appears to be on a downward trend, with a most recent value of $6.60 million in 2024, falling from -$38.69 million in 2022. The previous period was $19.83 million in 2023.

How has NI revenue changed over the last 2 years?

Over the last 2 years, NI's total revenue changed from $267.78 million in 2022 to $325.20 million in 2024, a change of 21.4%.

How much debt does NI have?

NI's total liabilities were at $281.91 million at the end of 2024, a 30.3% decrease from 2023, and a 21.9% decrease since 2022.

How much cash does NI have?

In the past 2 years, NI's cash and equivalents has ranged from $41.04 million in 2023 to $50.93 million in 2024, and is currently $50.93 million as of their latest financial filing in 2024.

How has NI's book value per share changed over the last 2 years?

Over the last 2 years, NI's book value per share changed from 11.88 in 2022 to 11.67 in 2024, a change of -1.8%.


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This page (NASDAQ:NODK) was last updated on 5/29/2025 by MarketBeat.com Staff
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