Is the business good?
How good a business is NJR?
New Jersey Resources Corporation earns 6.9% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
6.9%
Return on invested capital · cost of capital 9.0% · 2.1 points below what the capital costs: growth destroys value
- Operating margin
- 25%
Operating margin · Utilities - Regulated Gas median 22% · 12 months to Q3 2026
- Share count, year on year
- +1.4%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2020 | 12% |
| FY2021 | 13% |
| FY2022 | 14% |
| FY2023 | 21% |
| FY2024 | 26% |
| FY2025 | 25% |
Details›
- Operating margin12 months to Q3 2026
- 25%
- Net margin12 months to Q3 2026
- 16%
- Revenue, trailing twelve months
- $2.23B
- Net income, trailing twelve months
- $366M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 6.9%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Utilities - Regulated Gas
Ranks #4 of 13 by Smart Score