NJR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$54.68

Market Cap

$4.84B

P/E (TTM)

14.5

EPS (TTM)

$3.33

Revenue (TTM)

$1.35B

Div Yield

3.7%

ROE

13.8%

Debt/Equity

0.1

52W Range

$43 – $59

NJR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $1.35B

2019-09-30 → 2025-09-30

EPS $3.33

2016-09-30 → 2025-09-30

Free Cash Flow —

2017-09-30 → 2019-09-30

Margins 24.8%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

NJR

Peer Median

P/E (TTM)

14.5

19.7

P/S (TTM)

3.6

2.8

P/B

2.0

1.5

EV / EBITDA

7.2

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

NJR

Peer Median

Operating Margin

37.7%

—

Net Profit Margin

24.8%

15.1%

ROA

4.6%

3.8%

ROE

13.8%

9.2%

ROIC

15.2%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

NJR

Peer Median

Debt / Equity

0.1

—

Current Ratio

0.7

0.8

Quick Ratio

0.0

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

NJR

Peer Median

Revenue YoY

9.9%

—

Revenue CAGR 3Y

4.1%

—

Revenue CAGR 5Y

10.1%

—

EPS YoY

14.0%

—

Net Income YoY

15.8%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

NJR

Peer Median

EPS (Diluted)

$3.33

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

NJR

Peer Median

Payout Ratio

53.6%

—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield

3.7%

Payout Ratio

53.6%

5Y Div CAGR

—

Ex-date	Amount
March 11, 2026	$0.4750
Dec. 12, 2025	$0.4750
Sept. 22, 2025	$0.4750
June 10, 2025	$0.4500
March 11, 2025	$0.4500
Dec. 11, 2024	$0.4500
Sept. 23, 2024	$0.4500
June 12, 2024	$0.4200
March 12, 2024	$0.4200
Dec. 12, 2023	$0.4200
Sept. 19, 2023	$0.4200
June 13, 2023	$0.3900
March 14, 2023	$0.3900
Dec. 13, 2022	$0.3900
Sept. 23, 2022	$0.3900
June 14, 2022	$0.3630
March 15, 2022	$0.3630
Dec. 14, 2021	$0.3630
Sept. 17, 2021	$0.3630
June 15, 2021	$0.3330

NJR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 10 analysts

Strong Buy 3 30.0%
Buy 5 50.0%
Hold 2 20.0%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

7 analysts · 2026-05-31

Median $61.00

Mean $59.86

Now $54.68

Low $51.00

High $63.00

Median target $61.00 +11.6%

Mean target $59.86 +9.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

0.13%

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$2.20	$1.93	0.27%
Dec. 31, 2025	$1.17	$1.04	0.13%
Sept. 30, 2025	$0.16	$0.18	-0.02%
June 30, 2025	$0.06	$-0.07	0.13%
March 31, 2025	$1.78	$1.64	0.14%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
NJR	$4.84B	14.5	9.9%	24.8%	13.8%	—
ATO	$27.59B	22.9	12.9%	25.5%	9.0%	—
UGI	$7.13B	10.8	1.1%	9.3%	14.5%	—
NFG	$8.35B	16.3	17.1%	22.8%	17.4%	—
SWX	$5.78B	13.2	9.6%	—	11.2%	—
OGS	$4.84B	17.7	—	—	8.0%	—
SR	—	—	—	—	—	—
MDU	—	21.0	6.7%	10.2%	6.9%	—
CPK	—	20.9	18.1%	15.1%	9.1%	—
NWN	$1.94B	16.9	11.8%	8.8%	7.9%	—
SPH	—	11.5	7.9%	7.4%	—	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 14

Annual Income Statement data for NJR
Metric	2025	2024	2023	2022	2021	2020	2019
Revenue	$1.35B	$1.23B	$1.11B	$1.20B	$852M	$834M	$782M
Operating Expenses	$1.53B	$1.34B	$1.56B	$2.50B	$1.87B	$1.72B	$2.43B
Operating Income	$509M	$458M	$407M	$406M	$288M	$229M	$165M
Interest Expense	·	·	$123M	$86M	$79M	$68M	$47M
Interest Income	·	$9M	$9M	$3M	$2M	$3M	$2M
Other Non-op	$46M	$42M	$26M	$22M	$25M	$24M	$11M
Pretax Income	$427M	$369M	$310M	$343M	$234M	$185M	$129M
Income Tax	$97M	$85M	$49M	$76M	$33M	$36M	$18M
Net Income	$336M	$290M	$265M	$275M	$118M	$163M	$124M
EPS (Basic)	$3.35	$2.94	$2.73	$2.86	$1.23	$1.72	$1.39
EPS (Diluted)	$3.33	$2.92	$2.71	$2.85	$1.22	$1.71	$1.38
Shares (Basic)	100,244,000	98,634,000	97,028,000	96,100,000	96,227,000	94,798,000	89,242,000
Shares (Diluted)	100,788,000	99,289,000	97,627,000	96,488,000	96,560,000	95,103,000	89,596,000
EBITDA	$698M	$625M	$560M	·	$400M	$336M	$246M

Balance Sheet 23

Annual Balance Sheet data for NJR
Metric	2025	2024	2023	2022	2021	2020	2019
Cash & Equivalents	$591.0K	$1M	$954.0K	$1M	$5M	$117M	$3M
Other Current Assets	$40M	$27M	$21M	$22M	$20M	$21M	$22M
Current Assets	$570M	$555M	$532M	$756M	$634M	$622M	$512M
PP&E (Net)	·	·	·	·	·	·	$3.04B
PP&E (Gross)	·	·	·	·	·	·	$3.78B
Accum. Depreciation	$1.14B	$1.09B	$968M	$866M	$784M	$742M	$741M
Intangibles	·	·	$77.0K	$2M	$5M	$10M	$15M
Other Non-current Assets	$122M	$72M	$62M	$57M	$50M	$86M	$95M
Total Assets	$7.58B	$6.98B	$6.54B	$6.26B	$5.72B	$5.32B	$4.16B
Accounts Payable	$204M	$169M	$152M	$157M	$223M	$142M	$130M
Short-term Debt	$196M	$292M	$252M	$424M	$377M	$125M	$25M
Current Liabilities	$781M	$888M	$807M	$1.10B	$1.05B	$534M	$446M
Capital Leases	$159M	$159M	$148M	$138M	$141M	$95M	$0
Deferred Tax	$438M	$359M	$285M	$239M	$164M	$138M	$191M
Other Non-current Liabilities	$11M	$10M	$13M	$9M	$12M	$11M	$12M
Total Debt	$196M	$292M	$252M	·	$377M	$125M	$25M
Common Stock	$251M	$248M	$243M	$242M	$241M	$240M	$227M
Retained Earnings	$1.45B	$1.30B	$1.18B	$1.07B	$935M	$948M	$1.08B
Treasury Stock	·	·	·	·	$12M	$-8M	$10M
AOCI	$-11M	$-7M	$-10M	$-5M	$-35M	$-44M	$-32M
Stockholders' Equity	$2.39B	$2.20B	$1.99B	$1.82B	$1.63B	$1.64B	$1.38B
Liabilities + Equity	$7.58B	$6.98B	$6.54B	$6.26B	$5.72B	$5.32B	$4.37B
Shares Outstanding	100,478,590	99,461,000	97,584,000	96,250,000	95,710,000	95,949,000	89,999,000

Cash Flow 17

Annual Cash Flow data for NJR
Metric	2025	2024	2023	2022	2021	2020	2019
D&A	$189M	$167M	$153M	$129M	$111M	$107M	$81M
Deferred Tax	$77M	$86M	$30M	$82M	$24M	$34M	$-3M
Other Non-cash	$-135M	$-115M	$31M	·	$138M	$-91M	$-41M
Operating Cash Flow	$466M	$427M	$479M	$323M	$391M	$213M	$194M
CapEx	·	·	·	·	·	·	$300M
Investing Cash Flow	$-568M	$-569M	$-539M	$-591M	$-622M	$-994M	$-287M
Debt Issued	·	·	·	·	·	·	$468M
Net Debt Issued	·	·	·	·	·	·	$249M
Stock Issued	·	·	·	$15M	$15M	$18M	$17M
Stock Repurchased	·	·	$0	$0	$27M	$0	$0
Net Stock Activity	·	·	$0	·	$-12M	$18M	$17M
Dividends Paid	$180M	$165M	$151M	$128M	$117M	$118M	$104M
Financing Cash Flow	$102M	$142M	$60M	$263M	$118M	$896M	$96M
Net Change in Cash	$37.0K	$95.0K	$65.0K	$-5M	$-113M	$115M	$2M
Taxes Paid	$10M	$21M	$4M	$4M	$6M	$8M	$13M
Free Cash Flow	·	·	·	·	·	·	$-111M
Levered FCF	·	·	·	·	·	·	$-173M

Profitability 7

Annual Profitability data for NJR
Metric	2025	2024	2023	2022	2021	2020	2019
Operating Margin	37.7%	37.2%	36.6%	·	33.8%	26.0%	19.7%
Net Margin	24.8%	23.6%	23.8%	·	13.8%	23.3%	21.7%
Pretax Margin	31.6%	30.0%	27.9%	·	27.5%	20.7%	15.1%
EBITDA Margin	51.6%	50.8%	50.4%	·	46.9%	40.3%	31.4%
ROA	4.6%	4.3%	4.1%	·	2.1%	4.0%	4.0%
ROE	13.8%	13.3%	13.3%	·	7.1%	11.2%	10.8%
ROIC	15.2%	14.2%	15.3%	·	12.3%	11.4%	12.9%

Liquidity & Solvency 4

Annual Liquidity & Solvency data for NJR
Metric	2025	2024	2023	2022	2021	2020	2019
Current Ratio	0.7	0.6	0.7	·	0.6	1.2	1.1
Quick Ratio	0.0	0.0	0.0	·	0.0	0.2	0.0
Debt / Equity	0.1	0.1	0.1	·	0.2	0.1	0.0
Interest Coverage	·	·	3.3	·	3.7	3.2	3.3

Efficiency 1

Annual Efficiency data for NJR
Metric	Trend	2025	2024	2023	2022	2021	2020	2019
Asset Turnover		0.2	0.2	0.2	·	0.2	0.2	0.2

Per Share 6

Annual Per Share data for NJR
Metric	2025	2024	2023	2022	2021	2020	2019
Book Value / Share	$23.80	$22.12	$20.40	·	$17.04	$19.23	$17.24
Revenue / Share	$13.41	$12.39	$11.39	·	$8.82	$8.77	$8.73
Cash Flow / Share	$4.63	$4.30	$4.91	·	$4.05	$2.24	$2.11
Cash / Share	$0.01	$0.01	$0.01	·	$0.05	$1.22	$0.03
Dividend / Share	$2	$2	$2	$1	$1	$1	$1
EPS (TTM)	$3.33	$2.92	$2.71	$2.85	$1.22	$1.71	$1.38

Growth Rates 10

Annual Growth Rates data for NJR
Metric	2025	2024	2023	2022	2021	2020	2019
Revenue YoY	9.9%	10.7%	-7.3%	40.7%	2.2%	·	·
Revenue CAGR 3Y	4.1%	13.0%	10.1%	·	·	·	·
Revenue CAGR 5Y	10.1%	·	·	·	·	·	·
EPS YoY	14.0%	7.8%	-4.9%	133.6%	-28.6%	·	·
EPS CAGR 3Y	5.3%	33.8%	16.6%	·	·	·	·
EPS CAGR 5Y	14.3%	·	·	·	·	·	·
Net Income YoY	15.8%	9.5%	-3.7%	133.2%	-27.7%	·	·
Net Income CAGR 3Y	6.9%	35.0%	17.5%	·	·	·	·
Net Income CAGR 5Y	15.5%	·	·	·	·	·	·
Dividend CAGR 5Y	8.9%	·	·	·	·	·	·

Valuation (TTM) 17

Annual Valuation (TTM) data for NJR
Metric	2025	2024	2023	2022	2021	2020	2019
Revenue TTM	$1.35B	$1.23B	$1.11B	$1.20B	$852M	$834M	$782M
Net Income TTM	$336M	$290M	$265M	$275M	$118M	$163M	$124M
Market Cap	$4.84B	$4.69B	$3.96B	·	$3.33B	$2.59B	$4.07B
Enterprise Value	$5.03B	$4.99B	$4.22B	·	$3.70B	$2.60B	$4.09B
P/E	14.5	16.2	15.0	13.6	28.5	15.8	32.8
P/S	3.6	3.8	3.6	·	3.9	3.1	5.2
P/B	2.0	2.1	2.0	·	2.0	1.4	2.6
P / Tangible Book	2.0	2.1	2.0	2.1	2.0	1.6	·
P / Cash Flow	10.4	11.0	8.3	·	8.5	12.1	21.5
P / FCF	·	·	·	·	·	·	-36.8
EV / EBITDA	7.2	8.0	7.5	·	9.3	7.7	16.7
EV / FCF	·	·	·	·	·	·	-37.0
EV / Revenue	3.7	4.1	3.8	·	4.3	3.1	5.2
Dividend Yield	3.7%	3.5%	3.8%	·	3.5%	4.5%	2.6%
Earnings Yield	6.9%	6.2%	6.7%	7.4%	3.5%	6.3%	3.0%
Payout Ratio	53.6%	57.0%	57.0%	·	99.2%	60.8%	61.4%
Annual Payout	$180M	$165M	$151M	$128M	$117M	$118M	$104M

Income Statement 14

Quarterly Income Statement data for NJR
Metric	Q2 2026	Q1 2025	Q4 2025	Q3 2025	Q2 2025	Q1 2024	Q4 2024	Q3 2024	Q2 2024	Q1 2023	Q4 2023	Q3 2023	Q2 2023	Q1 2022	Q4 2022	Q3 2022
Revenue	$641M	$441M	$188M	$235M	$569M	$359M	$266M	$210M	$433M	$321M	$163M	$199M	$384M	$365M	$239M	$244M
Operating Expenses	$638M	$426M	$296M	$300M	$633M	$299M	$250M	$270M	$488M	$331M	$267M	$259M	$479M	$551M	$685M	$523M
Operating Income	$301M	$179M	$40M	$-1M	$280M	$190M	$146M	$6M	$170M	$136M	$64M	$5M	$165M	$173M	$81M	$30M
Interest Expense	·	·	·	·	·	·	·	·	$32M	$31M	·	$30M	$30M	$29M	·	$21M
Interest Income	·	·	·	$2M	$2M	$2M	·	$2M	$2M	$2M	·	$2M	$2M	$2M	$1M	$684.0K
Other Non-op	$16M	$11M	$7M	$11M	$17M	$12M	$10M	$10M	$15M	$6M	$11M	$6M	$5M	$5M	$10M	$4M
Pretax Income	$282M	$155M	$17M	$-22M	$264M	$167M	$120M	$-16M	$154M	$111M	$42M	$-20M	$140M	$148M	$65M	$13M
Income Tax	$66M	$34M	$3M	$-5M	$62M	$37M	$31M	$-3M	$34M	$23M	$6M	$-21M	$31M	$33M	$12M	$4M
Net Income	$219M	$122M	$15M	$-15M	$204M	$131M	$91M	$-12M	$121M	$89M	$37M	$2M	$110M	$116M	$55M	$13M
EPS (Basic)	$2.17	$1.22	$0.14	$-0.15	$2.04	$1.32	$0.92	$-0.12	$1.23	$0.91	$0.37	$0.02	$1.14	$1.20	$0.56	$0.14
EPS (Diluted)	$2.16	$1.21	$0.15	$-0.15	$2.02	$1.31	$0.91	$-0.12	$1.22	$0.91	$0.37	$0.02	$1.13	$1.19	$0.55	$0.14
Shares (Basic)	100,849,000	100,701,000	-200,275,000	100,373,000	100,291,000	99,855,000	-196,595,000	98,983,000	98,377,000	97,869,000	-193,518,000	97,168,000	96,893,000	96,485,000	-192,066,000	96,154,000
Shares (Diluted)	101,482,000	101,229,000	-200,996,000	100,373,000	100,933,000	100,478,000	-197,359,000	98,983,000	99,102,000	98,563,000	-194,898,000	97,886,000	97,556,000	97,083,000	-193,004,000	96,620,000
EBITDA	$351M	$229M	·	$46M	$328M	$235M	·	$47M	$210M	$176M	·	$44M	$203M	$209M	·	$63M

Balance Sheet 20

Quarterly Balance Sheet data for NJR
Metric	Q2 2026	Q1 2025	Q4 2025	Q3 2025	Q2 2025	Q1 2024	Q4 2024	Q3 2024	Q2 2024	Q1 2023	Q4 2023	Q3 2023	Q2 2023	Q1 2022	Q4 2022	Q3 2022
Cash & Equivalents	$125M	$2M	$591.0K	$931.0K	$84M	$2M	$1M	$22M	$5M	$3M	$954.0K	$511.0K	$27M	$2M	$1M	$28M
Other Current Assets	$45M	$40M	$40M	$34M	$31M	$33M	$27M	$28M	$26M	$24M	·	$24M	$23M	$25M	·	$22M
Current Assets	$730M	$781M	$570M	$562M	$679M	$731M	$555M	$534M	$554M	$677M	·	$520M	$616M	$1.01B	·	$740M
Accum. Depreciation	·	·	$1.14B	·	·	·	$1.09B	·	·	·	·	·	·	·	·	·
Intangibles	·	·	·	·	·	·	·	·	·	·	·	$567.0K	$1M	$2M	·	$3M
Other Non-current Assets	$99M	$91M	$122M	$92M	$88M	$79M	$72M	$69M	$62M	$63M	·	$67M	$73M	$69M	·	$58M
Total Assets	$7.94B	$7.91B	$7.58B	$7.27B	$7.27B	$7.19B	$6.98B	$6.78B	$6.65B	$6.75B	·	$6.31B	$6.30B	$6.61B	$6.26B	$6.16B
Accounts Payable	$170M	$137M	$204M	$139M	$122M	$113M	$169M	$145M	$127M	$106M	·	$122M	$122M	$110M	·	$129M
Short-term Debt	$150M	$369M	$196M	$307M	$162M	$337M	$292M	$255M	$196M	$269M	·	$145M	$188M	$464M	·	$370M
Current Liabilities	$777M	$938M	$781M	$739M	$732M	$819M	$888M	$894M	$789M	$962M	·	$669M	$711M	$1.07B	·	$969M
Capital Leases	$163M	$163M	$159M	$169M	$163M	$159M	$159M	$160M	$151M	$149M	·	$136M	$137M	$138M	·	$139M
Deferred Tax	$491M	$469M	$438M	$415M	$406M	$383M	$359M	$332M	$331M	$299M	·	$275M	$281M	$255M	·	$202M
Other Non-current Liabilities	$10M	$11M	$11M	$10M	$10M	$10M	$10M	$10M	$13M	$13M	·	$11M	$11M	$11M	·	$9M
Total Debt	$150M	$369M	·	$307M	$162M	$337M	·	$255M	$196M	$269M	·	$145M	$188M	$464M	·	$370M
Common Stock	$252M	$251M	$251M	$250M	$250M	$250M	$248M	$247M	$246M	$245M	·	$243M	$242M	$242M	·	$242M
Retained Earnings	$1.70B	$1.53B	$1.45B	$1.48B	$1.54B	$1.39B	$1.30B	$1.25B	$1.31B	$1.23B	·	$1.18B	$1.22B	$1.15B	·	$1.05B
AOCI	$-11M	$-11M	$-11M	$-6M	$-6M	$-6M	$-7M	$217.0K	$322.0K	$-10M	·	$-4M	$-4M	$-5M	·	$-31M
Stockholders' Equity	$2.65B	$2.47B	$2.39B	$2.42B	$2.48B	$2.31B	$2.20B	$2.14B	$2.18B	$2.07B	$1.99B	$2.00B	$2.00B	$1.92B	$1.82B	$1.77B
Liabilities + Equity	$7.94B	$7.91B	$7.58B	$7.27B	$7.27B	$7.19B	$6.98B	$6.78B	$6.65B	$6.75B	·	$6.31B	$6.30B	$6.61B	·	$6.16B
Shares Outstanding	100,861,916	100,750,110	100,478,590	100,378,238	100,302,638	100,191,159	99,461,448	99,091,574	98,744,915	98,202,255	97,584,000	97,496,302	96,901,373	96,803,490	96,250,000	96,160,232

Cash Flow 9

Quarterly Cash Flow data for NJR
Metric	Q2 2026	Q1 2025	Q4 2025	Q3 2025	Q2 2025	Q1 2024	Q4 2024	Q3 2024	Q2 2024	Q1 2023	Q4 2023	Q3 2023	Q2 2023	Q1 2022	Q4 2022	Q3 2022
D&A	$50M	$50M	$48M	$47M	$48M	$45M	$45M	$41M	$40M	$40M	$39M	$39M	$38M	$37M	$35M	$33M
Deferred Tax	$36M	$29M	$28M	$6M	$22M	$21M	$36M	$297.0K	$31M	$19M	$19M	$-25M	$24M	$12M	$44M	$21M
Other Non-cash	·	$-174M	·	·	·	$-206M	·	·	·	$-102M	·	·	·	$-253M	·	·
Operating Cash Flow	$563M	$27M	$81M	$-29M	$423M	$-9M	$65M	$24M	$292M	$46M	$91M	$45M	$432M	$-89M	$88M	$-95M
Investing Cash Flow	$-196M	$-180M	$-262M	$-154M	$-133M	$-19M	$-176M	$-158M	$-121M	$-114M	$-160M	$-116M	$-116M	$-146M	$-156M	$-138M
Dividends Paid	$48M	$48M	$45M	$45M	$45M	$45M	$42M	$41M	$41M	$41M	$38M	$38M	$41M	$35M	$32M	$32M
Financing Cash Flow	$-244M	$155M	$181M	$100M	$-208M	$29M	$90M	$151M	$-169M	$69M	$70M	$45M	$-291M	$236M	$42M	$245M
Net Change in Cash	$123M	$2M	$-340.0K	$-83M	$82M	$951.0K	$-22M	$17M	$2M	$2M	$497.0K	$-27M	$25M	$1M	$-27M	$13M
Taxes Paid	$14M	$147.0K	$1M	$2M	$6M	$863.0K	$8M	$6M	$6M	$629.0K	$1M	$891.0K	$2M	$30.0K	$489.0K	$2M

Profitability 7

Quarterly Profitability data for NJR
Metric	Q2 2026	Q1 2025	Q4 2025	Q3 2025	Q2 2025	Q1 2024	Q4 2024	Q3 2024	Q2 2024	Q1 2023	Q4 2023	Q3 2023	Q2 2023	Q1 2022	Q4 2022	Q3 2022
Operating Margin	46.9%	40.6%	·	-0.45%	49.2%	52.8%	·	2.8%	39.3%	42.3%	·	2.4%	43.0%	47.4%	·	12.2%
Net Margin	34.1%	27.8%	·	-6.4%	35.9%	36.6%	·	-5.5%	27.9%	27.8%	·	0.77%	28.7%	31.8%	·	5.4%
Pretax Margin	44.0%	35.1%	·	-9.2%	46.5%	46.6%	·	-7.5%	35.6%	34.5%	·	-9.9%	36.3%	40.6%	·	5.2%
EBITDA Margin	54.8%	51.9%	·	19.6%	57.6%	65.4%	·	22.3%	48.5%	54.8%	·	21.9%	52.9%	57.5%	·	25.7%
ROA	2.9%	1.6%	·	-0.21%	2.9%	1.9%	·	-0.18%	1.9%	1.3%	·	0.02%	1.8%	1.8%	·	0.23%
ROE	8.5%	5.1%	·	-0.66%	8.8%	6.0%	·	-0.56%	5.8%	4.5%	·	0.08%	5.8%	6.4%	·	0.76%
ROIC	8.2%	4.9%	·	-0.03%	8.1%	5.6%	·	0.20%	5.6%	4.6%	·	-0.01%	5.9%	5.6%	·	0.91%

Liquidity & Solvency 4

Quarterly Liquidity & Solvency data for NJR
Metric	Q2 2026	Q1 2025	Q4 2025	Q3 2025	Q2 2025	Q1 2024	Q4 2024	Q3 2024	Q2 2024	Q1 2023	Q4 2023	Q3 2023	Q2 2023	Q1 2022	Q4 2022	Q3 2022
Current Ratio	0.9	0.8	·	0.8	0.9	0.9	·	0.6	0.7	0.7	·	0.8	0.9	0.9	·	0.8
Quick Ratio	0.2	0.0	·	0.0	0.1	0.0	·	0.0	0.0	0.0	·	0.0	0.0	0.0	·	0.0
Debt / Equity	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.2	·	0.2
Interest Coverage	·	·	·	·	·	·	·	·	5.4	4.3	·	0.2	5.5	5.9	·	1.4

Efficiency 1

Quarterly Efficiency data for NJR
Metric	Trend	Q2 2026	Q1 2025	Q4 2025	Q3 2025	Q2 2025	Q1 2024	Q4 2024	Q3 2024	Q2 2024	Q1 2023	Q4 2023	Q3 2023	Q2 2023	Q1 2022	Q4 2022	Q3 2022
Asset Turnover		0.1	0.1	·	0.0	0.1	0.1	·	0.0	0.1	0.0	·	0.0	0.1	0.1	·	0.0

Per Share 6

Quarterly Per Share data for NJR
Metric	Q2 2026	Q1 2025	Q4 2025	Q3 2025	Q2 2025	Q1 2024	Q4 2024	Q3 2024	Q2 2024	Q1 2023	Q4 2023	Q3 2023	Q2 2023	Q1 2022	Q4 2022	Q3 2022
Book Value / Share	$26.26	$24.54	·	$24.14	$24.70	$23.08	·	$21.63	$22.07	$21.04	·	$20.46	$20.65	$19.86	·	$18.39
Revenue / Share	$6.32	$4.36	·	$2.34	$5.64	$3.57	·	$2.12	$4.37	$3.26	·	$2.04	$3.94	$3.75	·	$2.52
Cash Flow / Share	·	$0.26	·	·	·	$-0.09	·	·	·	$0.47	·	·	·	$-0.92	·	·
Cash / Share	$1.24	$0.02	·	$0.01	$0.83	$0.02	·	$0.23	$0.05	$0.03	·	$0.01	$0.28	$0.02	·	$0.29
Dividend / Share	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
EPS (TTM)	$5.24	$4.39	·	$3.06	$4.43	$3.32	·	$2.03	$3.28	$3.25	·	$2.48	$3.46	$3.49	·	$1.14

Valuation (TTM) 13

Quarterly Valuation (TTM) data for NJR
Metric	Q2 2026	Q1 2025	Q4 2025	Q3 2025	Q2 2025	Q1 2024	Q4 2024	Q3 2024	Q2 2024	Q1 2023	Q4 2023	Q3 2023	Q2 2023	Q1 2022	Q4 2022	Q3 2022
Revenue TTM	$1.89B	$1.60B	·	$1.37B	$1.57B	$1.32B	·	$1.16B	$1.34B	$1.27B	·	$1.19B	$1.43B	$1.32B	·	$1.12B
Net Income TTM	$531M	$443M	·	$309M	$445M	$330M	·	$200M	$322M	$317M	·	$241M	$335M	$336M	·	$109M
Market Cap	$5.54B	$4.65B	·	$4.50B	$4.92B	$4.67B	·	$4.24B	$4.24B	$4.38B	·	$4.60B	$5.16B	$4.80B	·	$4.28B
Enterprise Value	$5.56B	$5.01B	·	$4.80B	$5.00B	$5.01B	·	$4.47B	$4.43B	$4.64B	·	$4.75B	$5.32B	$5.27B	·	$4.62B
P/E	10.5	10.5	·	14.6	11.1	14.1	·	21.1	13.1	13.7	·	19.0	15.4	14.2	·	39.1
P/S	2.9	2.9	·	3.3	3.1	3.5	·	3.6	3.2	3.4	·	3.9	3.6	3.6	·	3.8
P/B	2.1	1.9	·	1.9	2.0	2.0	·	2.0	1.9	2.1	·	2.3	2.6	2.5	·	2.4
P / Tangible Book	2.1	1.9	·	1.9	2.0	2.0	·	2.0	1.9	2.1	·	2.3	2.6	2.5	·	2.4
P / Cash Flow	·	173.8	·	·	·	-521.9	·	·	·	94.3	·	·	·	-54.0	·	·
EV / EBITDA	15.8	21.9	·	104.6	15.2	21.3	·	95.4	21.1	26.4	·	108.8	26.2	25.1	·	73.8
EV / Revenue	2.9	3.1	·	3.5	3.2	3.8	·	3.8	3.3	3.7	·	4.0	3.7	4.0	·	4.1
Earnings Yield	9.5%	9.5%	·	6.8%	9.0%	7.1%	·	4.8%	7.6%	7.3%	·	5.2%	6.5%	7.0%	·	2.6%
Payout Ratio	·	39.0%	·	·	·	34.1%	·	·	·	45.8%	·	·	·	29.8%	·	·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Revenue	$1.35B	$1.23B	$1.11B	$1.20B	$852M
Operating Margin %	37.7%	37.2%	36.6%	—	33.8%
Net Income	$336M	$290M	$265M	$275M	$118M
Diluted EPS	$3.33	$2.92	$2.71	$2.85	$1.22

Balance Sheet

	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30
Debt / Equity	0.1	0.1	0.1	—	0.2
Current Ratio	0.7	0.6	0.7	—	0.6
Quick Ratio	0.0	0.0	0.0	—	0.0

Latest News Recent headlines mentioning this company

Argus Raises Price Target on New Jersey Resources (NJR) After Strong Q2 Earnings Beat Yahoo Finance · 1 hour, 7 minutes ago
New Jersey Resources (NJR) Reports Fiscal Q2 EPS Beat Yahoo Finance · 3 weeks ago
New Jersey Resources Corp. Announces Rise In Q2 Income Nasdaq · 3 weeks, 6 days ago
Mizuho Maintains an Outperform Rating on New Jersey Resources Corporation (NJR) Yahoo Finance · 1 month ago

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