New Jersey Resources (NJR) Operating Margin (2009 - 2026)
New Jersey Resources (NJR) reported Operating Margin of 32.04% for Q1 2026, up 138.0% on a YoY basis from 13.46% in Q1 2025, and up 8.16% quarter-over-quarter from 29.63% in Q4 2025.
New Jersey Resources (NJR) Operating Margin (2009 - 2026) Analysis & Trends
New Jersey Resources has reported Operating Margin for 18 years, with the latest figure at 32.04% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 138.0% year-over-year to 32.04%; the trailing twelve-month figure through Mar 2026 stood at 23.84% (down 615.0% YoY), and the FY2025 full-year result was 24.99%, down 51.0% from the prior year.
- Operating Margin for Q1 2026 stood at 32.04%, up from 29.63% in the prior quarter.
- The five-year high for Operating Margin was 38.82% in Q4 2024, with the low at 0.36% in Q2 2025.
- Historically, Operating Margin has averaged 19.93% across 5 years, with a median of 23.88% in 2022.
- Annual changes were most pronounced in 2024 — Operating Margin jumped 1752 bps — and 2025, when it sank 2490 bps.
- New Jersey Resources' Operating Margin stood at 23.88% in 2022, then grew by 22 bps to 29.07% in 2023, then jumped by 34 bps to 38.82% in 2024, then retreated by 24 bps to 29.63% in 2025, then gained by 8 bps to 32.04% in 2026.
- The last three Operating Margin figures came in at 32.04% (Q1 2026), 29.63% (Q4 2025), and 12.02% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.34 Bn | 28.21 Bn | - | 38.97% |
| 2 | Nisource | 22.33 Bn | 24.52 Bn | 1.83 Bn | 35.28% |
| 3 | Ugi | 7.49 Bn | 6.94 Bn | 1.50 Bn | 28.23% |
| 4 | New Jersey Resources | 5.59 Bn | 5.45 Bn | 826.91 Mn | 32.04% |
| 5 | Black Hills | 5.49 Bn | 5.46 Bn | - | 25.86% |
| 6 | ONE Gas | 4.93 Bn | 4.91 Bn | 438.14 Mn | 22.80% |
| 7 | Mdu Resources | 4.39 Bn | 4.33 Bn | - | 19.09% |
| 8 | Centuri Holdings | 3.01 Bn | 2.95 Bn | 35.76 Mn | -0.66% |
| 9 | Chesapeake Utilities | 2.96 Bn | 2.96 Bn | 102.40 Mn | 39.87% |
| 10 | Brookfield Infrastructure | 426.14 Mn | 3.22 Bn | 539.00 Mn | 63.35% |
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% |