New Jersey Resources (NJR) Net Margin (2009 - 2026)
New Jersey Resources' (NJR) quarterly Net Margin came in at 23.01% in Q1 2026, up 80.0% YoY from 12.78% in Q1 2025, and up 15.35% on a QoQ basis from 19.95% in Q4 2025.
New Jersey Resources (NJR) Net Margin (2009 - 2026) Analysis & Trends
New Jersey Resources (NJR) has 18 years of Net Margin data on file, last reported at 23.01% in Q1 2026.
- Quarterly Net Margin rose 80.0% year-over-year to 23.01% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.31% (down 444.0% YoY) and the FY2025 annual result came in at 16.18%, up 35.0% from the prior year.
- Net Margin improved to 23.01% in Q1 2026, from 19.95% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 26.6% in Q4 2024 to a low of 5.54% in Q2 2025.
- A 5-year average of 12.23% and a median of 15.89% in 2022 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2024 — Net Margin surged 1180 bps — and 2025, when it sank 1865 bps.
- Tracing NJR's Net Margin over 5 years: 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 | 28.89 Bn | 28.37 Bn | - | 27.61% |
| 2 | Nisource | 20.09 Bn | 20.02 Bn | 867.50 Mn | 3.39% |
| 3 | Ugi | 8.16 Bn | 7.68 Bn | 573.00 Mn | -9.99% |
| 4 | Black Hills | 5.61 Bn | 5.53 Bn | - | 8.92% |
| 5 | New Jersey Resources | 5.56 Bn | 5.52 Bn | 243.61 Mn | 2.32% |
| 6 | ONE Gas | 5.16 Bn | 5.13 Bn | 272.01 Mn | 11.37% |
| 7 | Mdu Resources | 4.30 Bn | 4.25 Bn | - | 5.66% |
| 8 | Chesapeake Utilities | 3.30 Bn | 3.29 Bn | 150.20 Mn | 12.58% |
| 9 | Centuri Holdings | 2.21 Bn | 2.17 Bn | 69.14 Mn | 0.64% |
| 10 | Brookfield Infrastructure | 2.20 Bn | 1.44 Bn | 572.00 Mn | -2.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.32% |
| 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% |