New Jersey Resources (NJR) Gross Margin (2009 - 2026)
New Jersey Resources' (NJR) quarterly Gross Margin came in at 69.77% in Q2 2026, up 326.0% on a YoY basis from 16.38% in Q2 2025, and down 20.74% quarter-over-quarter from 88.02% in Q1 2026.
Analysis
New Jersey Resources (NJR) Gross Margin (2009 - 2026) Analysis & Trends
New Jersey Resources (NJR) has reported Gross Margin for 18 consecutive years, with 69.77% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 326.0% year-over-year to 69.77%; the trailing twelve-month figure through Jun 2026 stood at 81.37% (down 10.0% YoY), and the FY2025 full-year result was 79.84%, up 181.0% from the prior year.
- Gross Margin retreated to 69.77% in Q2 2026 per NJR's latest filing, from 88.02% in the prior quarter.
- Across five years, Gross Margin topped out at 90.6% in Q1 2022 and bottomed at 62.13% in Q2 2024.
- Historically, Gross Margin has averaged 78.7% across 5 years, with a median of 82.78% in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 1968 bps in 2023, then jumped 803 bps in 2024.
- Over 5 years, Gross Margin stood at 89.01% in 2022, then decreased by 10 bps to 79.79% in 2023, then increased by 3 bps to 81.85% in 2024, then rose by 5 bps to 85.67% in 2025, then decreased by 19 bps to 69.77% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 69.77%, 88.02%, and 85.67% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.05 Bn | 27.52 Bn | - | - |
| 2 | Nisource | 19.98 Bn | 19.91 Bn | 867.50 Mn | 64.62% |
| 3 | New Jersey Resources | 5.41 Bn | 5.37 Bn | 243.61 Mn | 69.77% |
| 4 | ONE Gas | 4.97 Bn | 4.94 Bn | 272.01 Mn | 66.08% |
| 5 | Rgc Resources | 220.42 Mn | 217.40 Mn | 11.98 Mn | 70.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 69.77% |
| Mar 31, 2026 | 88.02% |
| Dec 31, 2025 | 85.67% |
| Sep 30, 2025 | 67.06% |
| Jun 30, 2025 | 66.50% |
| Mar 31, 2025 | 87.84% |
| Dec 31, 2024 | 81.85% |
| Sep 30, 2024 | 77.61% |
| Jun 30, 2024 | 62.13% |
| Mar 31, 2024 | 83.70% |
| Dec 31, 2023 | 79.79% |
| Sep 30, 2023 | 69.59% |
| Jun 30, 2023 | 64.32% |
| Mar 31, 2023 | 84.61% |
| Dec 31, 2022 | 89.01% |
| Sep 30, 2022 | 84.49% |
| Jun 30, 2022 | 84.00% |
| Mar 31, 2022 | 90.60% |
| Dec 31, 2021 | 89.79% |
| Sep 30, 2021 | 81.01% |