New Jersey Resources (NJR) Net Margin (2009 - 2026)
New Jersey Resources (NJR) reported Net Margin of 23.01% for Q1 2026, up 80.0% on a YoY basis from 12.78% in Q1 2025, and up 15.35% quarter-over-quarter from 19.95% in Q4 2025.
New Jersey Resources (NJR) Net Margin (2009 - 2026) Analysis & Trends
New Jersey Resources has reported Net Margin for 18 years, with the latest figure at 23.01% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 80.0% year-over-year to 23.01%; the trailing twelve-month figure through Mar 2026 stood at 15.31% (down 444.0% YoY), and the FY2025 full-year result was 16.18%, up 35.0% from the prior year.
- Net Margin for Q1 2026 stood at 23.01%, up from 19.95% in the prior quarter.
- The five-year high for Net Margin was 26.6% in Q4 2024, with the low at 5.54% in Q2 2025.
- Historically, Net Margin has averaged 12.23% across 5 years, with a median of 15.89% in 2022.
- Annual changes were most pronounced in 2024 — Net Margin surged 1180 bps — and 2025, when it sank 1865 bps.
- New Jersey Resources' Net Margin stood at 15.89% in 2022, then increased by 18 bps to 18.78% in 2023, then surged by 42 bps to 26.6% in 2024, then dropped by 25 bps to 19.95% in 2025, then gained by 15 bps to 23.01% in 2026.
- The last three Net Margin figures came in at 23.01% (Q1 2026), 19.95% (Q4 2025), and 3.98% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | 29.65% |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 21.99% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 19.37% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 23.01% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 17.05% |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 15.47% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | -0.02% |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | -1.31% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 23.79% |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | -12.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.01% |
| Dec 31, 2025 | 19.95% |
| Sep 30, 2025 | 3.98% |
| Jun 30, 2025 | -5.54% |
| Mar 31, 2025 | 22.22% |
| Dec 31, 2024 | 26.60% |
| Sep 30, 2024 | 22.63% |
| Jun 30, 2024 | -4.69% |
| Mar 31, 2024 | 18.25% |
| Dec 31, 2023 | 18.78% |
| Sep 30, 2023 | 10.83% |
| Jun 30, 2023 | 0.31% |
| Mar 31, 2023 | 16.94% |
| Dec 31, 2022 | 15.89% |
| Sep 30, 2022 | 6.86% |
| Jun 30, 2022 | 1.49% |
| Mar 31, 2022 | 10.44% |
| Dec 31, 2021 | 16.39% |
| Sep 30, 2021 | -0.31% |
| Jun 30, 2021 | -6.15% |