New Jersey Resources (NJR) Operating Margin (2009 - 2026)
New Jersey Resources (NJR) posted Operating Margin of 32.04% for Q1 2026, up 8.16% quarter-over-quarter from 29.63% in Q4 2025, and up 138.0% year-on-year from 13.46% in Q1 2025.
New Jersey Resources (NJR) Operating Margin (2009 - 2026) Analysis & Trends
New Jersey Resources (NJR) has reported Operating Margin for 18 consecutive years, with 32.04% the latest figure, recorded in Q1 2026.
- Operating Margin for Q1 2026 came in at 32.04%, up 138.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 23.84% (down 615.0% YoY), and the FY2025 annual result was 24.99%, down 51.0% from the prior year.
- Operating Margin was 32.04% for Q1 2026 at New Jersey Resources, up from 29.63% in the prior quarter.
- Over five years, Operating Margin peaked at 38.82% in Q4 2024 and troughed at 0.36% in Q2 2025.
- Average Operating Margin over 5 years is 19.93%, with a median of 23.88% recorded in 2022.
- Year-over-year, Operating Margin soared 1752 bps in 2024 and tumbled 2490 bps in 2025.
- Over 5 years, Operating Margin stood at 23.88% in 2022, then gained by 22 bps to 29.07% in 2023, then jumped by 34 bps to 38.82% in 2024, then dropped by 24 bps to 29.63% in 2025, then grew by 8 bps to 32.04% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 32.04% in Q1 2026, 29.63% in Q4 2025, and 12.02% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.80 Bn | 28.68 Bn | - | 38.97% |
| 2 | Nisource | 22.46 Bn | 24.65 Bn | 1.83 Bn | 35.28% |
| 3 | Ugi | 7.39 Bn | 6.84 Bn | 1.50 Bn | 28.23% |
| 4 | New Jersey Resources | 5.67 Bn | 5.53 Bn | 826.91 Mn | 32.04% |
| 5 | Black Hills | 5.61 Bn | 5.58 Bn | - | 25.86% |
| 6 | ONE Gas | 4.80 Bn | 4.77 Bn | 438.14 Mn | 22.80% |
| 7 | Mdu Resources | 4.26 Bn | 4.20 Bn | - | 19.09% |
| 8 | Chesapeake Utilities | 2.94 Bn | 2.94 Bn | 102.40 Mn | 39.87% |
| 9 | Centuri Holdings | 2.87 Bn | 2.82 Bn | 35.76 Mn | -0.66% |
| 10 | Rgc Resources | 248.35 Mn | 244.36 Mn | 39.84 Mn | 24.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 32.04% |
| Dec 31, 2025 | 29.63% |
| Sep 30, 2025 | 12.02% |
| Jun 30, 2025 | -0.36% |
| Mar 31, 2025 | 30.66% |
| Dec 31, 2024 | 38.82% |
| Sep 30, 2024 | 36.92% |
| Jun 30, 2024 | 2.15% |
| Mar 31, 2024 | 25.87% |
| Dec 31, 2023 | 29.07% |
| Sep 30, 2023 | 19.40% |
| Jun 30, 2023 | 1.79% |
| Mar 31, 2023 | 25.65% |
| Dec 31, 2022 | 23.88% |
| Sep 30, 2022 | 10.57% |
| Jun 30, 2022 | 5.40% |
| Mar 31, 2022 | 15.22% |
| Dec 31, 2021 | 23.21% |
| Sep 30, 2021 | 0.59% |
| Jun 30, 2021 | -7.47% |