New Jersey Resources (NJR) Financials

$45.75 +0.28 (+0.62%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$45.73 -0.02 (-0.04%)

As of 05/23/2025 07:44 PM Eastern

Annual Income Statements for New Jersey Resources

This table shows New Jersey Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Net Income / (Loss) Attributable to Common Shareholders	290	265	275	118	163	124	233	132	132	181
Consolidated Net Income / (Loss)	290	265	275	118	163	124	233	132	132	181
Net Income / (Loss) Continuing Operations	290	265	275	118	163	124	233	132	132	181
Total Pre-Tax Income	369	310	343	234	185	129	167	137	146	227
Total Operating Income	458	407	406	288	229	165	200	171	168	248
Total Gross Profit	1,087	991	964	812	655	556	648	524	742	648
Total Revenue	1,797	1,963	2,906	2,157	1,954	2,592	2,915	2,269	1,881	2,734
Operating Revenue	1,797	1,963	2,906	2,157	1,954	2,592	2,915	2,269	1,881	2,734
Total Cost of Revenue	710	972	1,942	1,345	1,299	2,036	2,267	1,745	1,139	2,086
Operating Cost of Revenue	710	972	1,942	1,345	1,299	2,036	2,267	1,745	1,139	2,086
Total Operating Expenses	629	584	558	524	426	391	448	353	574	400
Selling, General & Admin Expense	395	374	362	367	278	268	315	222	208	209
Depreciation Expense	167	153	129	111	107	81	86	82	73	61
Other Operating Expenses / (Income)	67	58	67	45	41	42	47	49	293	129
Total Other Income / (Expense), net	-89	-97	-64	-54	-44	-36	-33	-35	-22	-21
Interest Expense	130	123	86	79	68	47	46	45	31	28
Other Income / (Expense), net	42	26	22	25	24	11	13	10	9.20	6.55
Income Tax Expense	85	49	76	33	36	18	-54	18	24	60
Other Gains / (Losses), net	5.30	3.93	8.18	-83	14	14	13	14	9.52	13
Basic Earnings per Share	$2.94	$2.73	$2.86	$1.23	$1.72	$1.39	$2.66	$1.53	$1.53	$2.12
Weighted Average Basic Shares Outstanding	98.63M	97.03M	96.10M	96.23M	94.80M	89.24M	87.69M	86.32M	85.88M	85.19M
Diluted Earnings per Share	$2.92	$2.71	$2.85	$1.22	$1.71	$1.38	$2.64	$1.52	$1.52	$2.10
Weighted Average Diluted Shares Outstanding	99.29M	97.63M	96.49M	96.56M	95.10M	89.60M	88.32M	87.14M	86.73M	86.27M
Weighted Average Basic & Diluted Shares Outstanding	99.77M	97.71M	96.39M	95.95M	96.13M	89.20M	87.80M	43.20M	86.10M	42.70M
Cash Dividends to Common per Share	$1.71	$1.59	$1.48	$1.36	$1.27	$1.19	$1.11	$1.04	$0.98	$0.92

This table shows New Jersey Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	204	131	91	-12	121	89	37	1.53	110	116	55
Consolidated Net Income / (Loss)	204	131	91	-12	121	89	37	1.53	110	116	55
Net Income / (Loss) Continuing Operations	204	131	91	-12	121	89	37	1.53	110	116	55
Total Pre-Tax Income	264	167	120	-16	154	111	42	-20	140	148	65
Total Operating Income	280	190	146	5.94	170	136	64	4.73	165	173	81
Total Gross Profit	488	293	287	161	347	292	209	146	327	309	240
Total Revenue	913	488	396	276	658	467	331	264	644	724	765
Operating Revenue	913	488	396	276	658	467	331	264	644	724	765
Total Cost of Revenue	425	195	109	114	311	176	122	118	317	415	526
Operating Cost of Revenue	425	195	109	114	311	176	122	118	317	415	526
Total Operating Expenses	208	103	141	155	177	156	145	141	162	136	159
Selling, General & Admin Expense	111	89	89	104	107	94	101	94	99	80	119
Depreciation Expense	48	45	45	41	40	40	39	39	38	37	35
Other Operating Expenses / (Income)	50	24	7.11	10	29	21	4.76	7.99	25	20	5.32
Other Special Charges / (Income)	-0.69	-55	-	-	-	0.00	-	-	-	-	-
Total Other Income / (Expense), net	-16	-22	-26	-22	-16	-25	-22	-24	-25	-25	-16
Interest Expense	33	34	36	31	32	31	33	30	30	29	26
Other Income / (Expense), net	17	12	10	9.56	15	6.34	11	5.71	4.78	4.66	9.74
Income Tax Expense	62	37	31	-2.76	34	23	6.22	-21	31	33	12
Other Gains / (Losses), net	1.45	1.40	1.56	1.34	0.74	1.66	1.15	0.70	1.13	0.95	2.03
Basic Earnings per Share	$2.04	$1.32	$0.92	($0.12)	$1.23	$0.91	$0.37	$0.02	$1.14	$1.20	$0.56
Weighted Average Basic Shares Outstanding	100.29M	99.86M	98.63M	98.98M	98.38M	97.87M	97.03M	97.17M	96.89M	96.49M	96.10M
Diluted Earnings per Share	$2.02	$1.31	$0.91	($0.12)	$1.22	$0.91	$0.37	$0.02	$1.13	$1.19	$0.55
Weighted Average Diluted Shares Outstanding	100.93M	100.48M	99.29M	98.98M	99.10M	98.56M	97.63M	97.89M	97.56M	97.08M	96.49M
Weighted Average Basic & Diluted Shares Outstanding	100.37M	100.29M	99.77M	99.17M	98.82M	98.30M	97.71M	97.56M	96.96M	96.89M	96.39M
Cash Dividends to Common per Share	$0.45	$0.45	-	$0.42	$0.42	$0.42	-	$0.39	$0.39	$0.39	-

This table details how cash moves in and out of New Jersey Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Net Change in Cash & Equivalents	0.10	0.07	-4.59	-113	115	2.35	-0.76	-37	33	2.78
Net Cash From Operating Activities	427	479	323	391	213	194	398	248	143	391
Net Cash From Continuing Operating Activities	427	479	323	391	213	192	398	248	143	391
Net Income / (Loss) Continuing Operations	290	265	275	118	163	124	233	132	132	181
Consolidated Net Income / (Loss)	290	265	275	118	163	124	233	132	132	181
Depreciation Expense	167	153	129	111	107	81	86	82	73	61
Amortization Expense	0.13	2.27	2.56	4.60	4.92	8.42	18	0.76	0.00	-
Non-Cash Adjustments To Reconcile Net Income	-45	-25	-37	59	-40	-67	-35	-22	-34	-3.21
Changes in Operating Assets and Liabilities, net	16	84	-46	98	-22	46	95	55	-28	152
Net Cash From Investing Activities	-569	-539	-591	-622	-994	-287	-373	-392	-363	-322
Net Cash From Continuing Investing Activities	-569	-539	-591	-622	-994	-287	-373	-392	-363	-322
Purchase of Property, Plant & Equipment	-523	-500	-559	-574	-448	-486	-337	-296	-327	-292
Sale and/or Maturity of Investments	2.25	2.29	7.82	3.18	1.91	37	9.73	9.39	2.35	5.64
Other Investing Activities, net	-48	-41	-39	-50	-22	-40	-48	-32	-28	-30
Net Cash From Financing Activities	142	60	263	118	896	96	-26	107	253	-66
Net Cash From Continuing Financing Activities	142	60	263	118	896	96	-26	107	253	-66
Repayment of Debt	-85	-244	-172	234	-270	-219	-280	-98	42	-272
Payment of Dividends	-165	-151	-128	-117	-118	-104	-96	-88	-82	-77
Issuance of Debt	250	225	510	0.00	1,010	341	225	244	275	250
Issuance of Common Equity	74	58	15	15	231	74	59	17	16	37
Other Financing Activities, net	68	172	37	13	43	2.79	66	38	3.56	5.07
Cash Interest Paid	120	108	84	79	66	50	45	44	32	24
Cash Income Taxes Paid	21	4.28	4.25	6.38	7.59	13	5.58	-6.88	-3.52	29

This table details how cash moves in and out of New Jersey Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	82	0.95	-22	17	2.32	1.91	0.50	-27	25	1.42	-27
Net Cash From Operating Activities	423	-8.96	65	24	292	46	91	45	432	-89	88
Net Cash From Continuing Operating Activities	423	-8.96	65	24	292	46	91	45	432	-89	88
Net Income / (Loss) Continuing Operations	204	131	91	-12	121	89	37	1.53	110	116	55
Consolidated Net Income / (Loss)	204	131	91	-12	121	89	37	1.53	110	116	55
Depreciation Expense	48	45	45	41	40	40	39	39	38	37	35
Non-Cash Adjustments To Reconcile Net Income	-9.72	-59	-11	-7.95	-16	-11	-15	-2.78	-1.00	-6.33	-12
Changes in Operating Assets and Liabilities, net	180	-127	-61	2.99	147	-73	29	6.65	284	-236	10
Net Cash From Investing Activities	-133	-19	-176	-158	-121	-114	-160	-116	-116	-146	-156
Net Cash From Continuing Investing Activities	-133	-19	-176	-158	-121	-114	-160	-116	-116	-146	-156
Purchase of Property, Plant & Equipment	-125	-141	-157	-146	-114	-106	-149	-105	-108	-139	-146
Sale of Property, Plant & Equipment	1.54	133	-	-	-	0.00	-	-	-	-	-
Sale and/or Maturity of Investments	0.22	0.10	-0.96	0.92	1.45	0.83	0.26	0.66	1.01	0.36	1.65
Other Investing Activities, net	-9.66	-11	-19	-12	-8.46	-8.98	-12	-12	-9.43	-7.33	-11
Net Cash From Financing Activities	-208	29	90	151	-169	69	70	45	-291	236	42
Net Cash From Continuing Financing Activities	-208	29	90	151	-169	69	70	45	-291	236	42
Repayment of Debt	-180	-62	1.49	52	-133	10	51	-48	-242	-4.78	-0.52
Payment of Dividends	-45	-45	-42	-41	-41	-41	-38	-38	-41	-35	-32
Issuance of Common Equity	3.81	24	16	15	22	22	3.57	29	3.76	22	3.67
Other Financing Activities, net	13	13	40	-	-0.03	28	3.62	102	28	38	20
Cash Interest Paid	30	35	30	30	30	30	28	23	35	23	19
Cash Income Taxes Paid	5.86	0.86	8.27	6.34	6.07	0.63	1.42	0.89	1.94	0.03	0.49

This table presents New Jersey Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Total Assets	6,982	6,537	6,261	5,722	5,316	4,373	4,144	3,929	3,719	3,284
Total Current Assets	555	532	756	634	622	512	770	579	607	488
Cash & Equivalents	1.02	0.95	1.11	4.75	117	2.68	1.46	2.23	38	4.93
Accounts Receivable	117	106	217	199	136	140	207	198	144	156
Inventories, net	238	227	294	213	188	184	199	214	217	171
Prepaid Expenses	12	9.74	8.57	8.17	6.64	8.33	-	-	-	-
Current Deferred & Refundable Income Taxes	67	43	55	51	24	23	23	25	34	37
Other Current Assets	120	146	181	158	150	154	340	140	175	119
Plant, Property, & Equipment, net	5,403	5,022	4,650	4,214	3,723	3,046	2,651	2,610	2,408	2,128
Plant, Property & Equipment, gross	6,497	5,991	5,516	4,997	4,465	3,787	3,304	3,211	2,955	2,622
Accumulated Depreciation	1,093	968	866	784	742	741	653	601	547	494
Total Noncurrent Assets	1,024	983	855	874	971	815	723	739	704	668
Long-Term Investments	102	104	107	115	208	200	224	238	197	191
Intangible Assets	11	8.38	8.47	11	15	16	23	41	0.00	-
Noncurrent Deferred & Refundable Income Taxes	21	28	2.93	-	-	-	-	-	-	-
Employee Benefit Assets	25	19	4.39	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	866	824	733	749	748	599	475	460	507	476
Total Liabilities & Shareholders' Equity	6,982	6,537	6,261	5,722	5,316	4,373	4,144	3,929	3,719	3,284
Total Liabilities	4,781	4,547	4,444	4,091	3,673	2,821	2,725	2,692	2,552	2,177
Total Current Liabilities	888	807	1,104	1,051	534	446	751	803	572	436
Short-Term Debt	481	368	499	450	153	47	275	431	183	77
Accounts Payable	169	152	157	223	142	130	135	97	107	100
Customer Deposits	39	45	33	33	26	27	27	-	-	-
Dividends Payable	45	41	38	35	32	28	26	24	22	21
Current Deferred Revenue	22	61	36	1.75	-	-	-	27	33	21
Current Deferred & Payable Income Tax Liabilities	11	10	5.13	3.36	2.72	3.39	1.57	2.03	1.08	1.33
Other Current Liabilities	122	129	337	305	179	211	281	222	225	216
Total Noncurrent Liabilities	3,893	3,740	3,340	3,040	3,139	2,375	1,974	1,889	1,980	1,741
Long-Term Debt	2,879	2,768	2,485	2,162	2,259	1,537	1,181	997	1,055	844
Asset Retirement Reserve & Litigation Obligation	404	412	368	374	381	365	369	195	242	267
Noncurrent Deferred Revenue	3.10	0.66	0.75	0.85	1.04	1.55	9.10	28	29	29
Noncurrent Deferred & Payable Income Tax Liabilities	361	288	242	167	141	194	246	519	478	450
Noncurrent Employee Benefit Liabilities	65	103	83	169	237	247	137	129	142	137
Other Noncurrent Operating Liabilities	181	169	162	167	119	31	32	21	35	14
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,200	1,991	1,817	1,631	1,644	1,552	1,419	1,237	1,167	1,107
Total Preferred & Common Equity	2,200	1,991	1,817	1,631	1,644	1,552	1,419	1,237	1,167	1,107
Total Common Equity	2,200	1,991	1,817	1,631	1,644	1,552	1,419	1,237	1,167	1,107
Common Stock	882	802	761	743	732	518	501	442	437	431
Retained Earnings	1,299	1,178	1,068	935	948	1,076	1,007	868	826	778
Treasury Stock	26	21	-6.81	-12	8.49	-10	-76	-70	-81	-92
Accumulated Other Comprehensive Income / (Loss)	-6.52	-9.96	-4.83	-35	-44	-32	-13	-3.26	-15	-9.39

This table presents New Jersey Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	6/30/2024	3/31/2024	12/31/2023	6/30/2023	3/31/2023	12/31/2022	6/30/2022
Total Assets	7,266	7,194	6,784	6,647	6,749	6,313	6,296	6,610	6,162
Total Current Assets	679	731	534	554	677	520	616	1,012	740
Cash & Equivalents	84	1.91	22	5.04	2.74	0.51	27	2.41	28
Accounts Receivable	326	320	138	250	254	114	229	469	260
Inventories, net	142	232	164	111	225	186	109	276	226
Prepaid Expenses	18	19	14	16	16	11	15	19	9.39
Current Deferred & Refundable Income Taxes	16	32	55	18	23	36	14	21	36
Other Current Assets	92	125	142	153	158	172	223	224	181
Plant, Property, & Equipment, net	5,521	5,428	5,285	5,166	5,097	4,893	4,825	4,749	4,541
Plant, Property & Equipment, gross	6,622	6,497	6,347	6,198	6,096	5,850	5,750	5,643	5,385
Accumulated Depreciation	1,101	1,068	1,062	1,033	999	958	925	894	845
Total Noncurrent Assets	1,066	1,035	965	928	976	899	855	850	881
Long-Term Investments	101	102	101	102	103	104	105	106	108
Intangible Assets	11	11	10	9.73	9.11	8.19	8.05	8.47	8.80
Noncurrent Deferred & Refundable Income Taxes	22	23	23	23	23	26	-	-	-
Employee Benefit Assets	24	23	19	19	19	-	-	-	-
Other Noncurrent Operating Assets	907	877	813	775	822	761	742	735	764
Total Liabilities & Shareholders' Equity	7,266	7,194	6,784	6,647	6,749	6,313	6,296	6,610	6,162
Total Liabilities	4,788	4,881	4,641	4,468	4,683	4,317	4,295	4,687	4,393
Total Current Liabilities	732	819	894	789	962	669	711	1,066	969
Short-Term Debt	273	429	452	345	488	308	340	545	395
Accounts Payable	122	113	145	127	106	122	122	110	129
Customer Deposits	23	43	29	25	45	30	26	41	22
Dividends Payable	45	45	42	41	41	38	38	38	35
Current Deferred Revenue	22	22	100	110	119	42	41	40	46
Current Deferred & Payable Income Tax Liabilities	50	11	8.61	16	11	11	16	10	6.99
Other Current Liabilities	197	157	119	125	152	118	129	283	335
Total Noncurrent Liabilities	4,056	4,063	3,747	3,679	3,721	3,648	3,584	3,621	3,424
Long-Term Debt	2,970	2,989	2,794	2,726	2,739	2,729	2,642	2,691	2,525
Asset Retirement Reserve & Litigation Obligation	401	403	394	399	407	362	365	366	357
Noncurrent Deferred Revenue	27	32	0.59	0.61	0.64	31	40	50	0.78
Noncurrent Deferred & Payable Income Tax Liabilities	408	385	334	333	302	278	283	258	205
Noncurrent Employee Benefit Liabilities	72	71	42	42	102	89	88	84	167
Other Noncurrent Operating Liabilities	177	181	182	178	169	160	165	172	169
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,478	2,313	2,143	2,179	2,066	1,995	2,001	1,923	1,769
Total Preferred & Common Equity	2,478	2,313	2,143	2,179	2,066	1,995	2,001	1,923	1,769
Total Common Equity	2,478	2,313	2,143	2,179	2,066	1,995	2,001	1,923	1,769
Common Stock	919	914	865	850	828	798	772	770	760
Retained Earnings	1,544	1,385	1,252	1,306	1,226	1,182	1,218	1,146	1,051
Treasury Stock	21	20	25	23	22	19	15	12	-11
Accumulated Other Comprehensive Income / (Loss)	-6.39	-6.45	0.22	0.32	-9.56	-3.91	-4.22	-4.52	-31

This table displays calculated financial ratios and metrics derived from New Jersey Resources' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	9/30/2024	9/30/2023	9/30/2022	9/30/2021	9/30/2020	9/30/2019	9/30/2018	9/30/2017	9/30/2016	9/30/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.48%	-32.45%	34.75%	10.39%	-24.63%	-11.08%	28.50%	20.61%	-31.20%	-26.86%
EBITDA Growth	13.27%	4.94%	30.69%	17.49%	37.58%	-16.25%	19.98%	5.85%	-21.15%	21.00%
EBIT Growth	15.37%	1.01%	37.01%	23.80%	43.77%	-17.42%	17.33%	2.69%	-30.69%	22.16%
NOPAT Growth	3.06%	8.27%	27.79%	34.60%	30.37%	-46.68%	78.37%	5.52%	-23.31%	26.95%
Net Income Growth	9.46%	-3.71%	133.20%	-27.68%	31.53%	-46.91%	76.76%	0.30%	-27.24%	27.46%
EPS Growth	7.75%	-4.91%	133.61%	-28.66%	23.91%	-47.73%	73.68%	0.00%	-27.62%	25.75%
Operating Cash Flow Growth	-10.77%	48.08%	-17.26%	83.13%	9.97%	-51.26%	60.57%	73.91%	-63.52%	9.16%
Free Cash Flow Firm Growth	-897.57%	104.25%	-72.50%	75.91%	-340.93%	-528.97%	130.35%	46.09%	-337.52%	14.53%
Invested Capital Growth	8.69%	7.00%	13.77%	10.53%	27.07%	10.49%	9.47%	11.67%	18.36%	5.65%
Revenue Q/Q Growth	3.72%	-18.11%	8.72%	6.55%	-3.89%	-6.10%	3.95%	3.06%	1.67%	-5.32%
EBITDA Q/Q Growth	14.94%	-1.79%	17.12%	-8.61%	20.10%	6.26%	5.04%	-21.62%	18.29%	17.39%
EBIT Q/Q Growth	19.39%	-3.44%	21.85%	-11.96%	23.21%	14.81%	8.11%	-29.31%	24.66%	21.06%
NOPAT Q/Q Growth	18.28%	-3.11%	23.17%	-8.82%	58.66%	-16.07%	4.48%	-27.35%	21.33%	12.29%
Net Income Q/Q Growth	22.96%	-6.20%	25.38%	-22.30%	58.54%	-8.31%	9.51%	-31.92%	19.19%	18.78%
EPS Q/Q Growth	22.69%	-6.23%	24.45%	-21.29%	59.81%	-7.38%	8.64%	-32.44%	17.83%	17.98%
Operating Cash Flow Q/Q Growth	-5.86%	0.73%	13.49%	4.96%	1.12%	13.18%	-4.60%	-7.83%	36.08%	7.28%
Free Cash Flow Firm Q/Q Growth	-91.60%	147.19%	19.08%	-222.11%	34.13%	-132.82%	-10.52%	-142.67%	-1.17%	127.73%
Invested Capital Q/Q Growth	3.68%	2.00%	3.15%	3.62%	-2.62%	5.36%	3.79%	3.49%	3.55%	2.67%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.49%	50.50%	33.19%	37.65%	33.53%	21.44%	22.24%	23.09%	39.43%	23.71%
EBITDA Margin	37.09%	29.97%	19.29%	19.89%	18.69%	10.24%	10.87%	11.64%	13.26%	11.57%
Operating Margin	25.50%	20.73%	13.99%	13.37%	11.72%	6.35%	6.86%	7.55%	8.91%	9.09%
EBIT Margin	27.81%	22.06%	14.75%	14.51%	12.94%	6.78%	7.30%	8.00%	9.40%	9.33%
Profit (Net Income) Margin	16.13%	13.49%	9.46%	5.47%	8.34%	4.78%	8.01%	5.82%	7.00%	6.62%
Tax Burden Percent	78.45%	85.38%	80.17%	50.30%	88.02%	96.26%	140.08%	96.68%	90.38%	79.62%
Interest Burden Percent	73.93%	71.60%	79.98%	74.90%	73.26%	73.22%	78.26%	75.27%	82.43%	89.13%
Effective Tax Rate	22.99%	15.89%	22.22%	14.20%	19.71%	14.32%	-32.28%	13.43%	16.15%	26.28%
Return on Invested Capital (ROIC)	6.68%	6.99%	7.11%	6.25%	5.47%	5.00%	10.31%	6.39%	6.95%	10.16%
ROIC Less NNEP Spread (ROIC-NNEP)	4.70%	4.40%	5.60%	0.67%	4.29%	3.72%	7.81%	4.94%	5.95%	9.87%
Return on Net Nonoperating Assets (RNNOA)	7.15%	6.91%	8.83%	0.95%	4.73%	3.35%	7.27%	4.60%	4.64%	7.30%
Return on Equity (ROE)	13.83%	13.90%	15.95%	7.20%	10.20%	8.34%	17.58%	10.99%	11.58%	17.46%
Cash Return on Invested Capital (CROIC)	-1.65%	0.22%	-5.77%	-3.76%	-18.38%	-4.97%	1.27%	-4.64%	-9.87%	4.66%
Operating Return on Assets (OROA)	7.39%	6.77%	7.16%	5.67%	5.22%	4.13%	5.28%	4.75%	5.05%	7.92%
Return on Assets (ROA)	4.29%	4.14%	4.59%	2.14%	3.36%	2.91%	5.78%	3.45%	3.76%	5.62%
Return on Common Equity (ROCE)	13.83%	13.90%	15.95%	7.20%	10.20%	8.34%	17.58%	10.99%	11.58%	17.46%
Return on Equity Simple (ROE_SIMPLE)	13.17%	13.30%	15.13%	7.23%	9.92%	7.99%	16.45%	10.68%	11.29%	16.35%
Net Operating Profit after Tax (NOPAT)	353	342	316	247	184	141	264	148	140	183
NOPAT Margin	19.64%	17.44%	10.88%	11.47%	9.41%	5.44%	9.07%	6.53%	7.47%	6.70%
Net Nonoperating Expense Percent (NNEP)	1.98%	2.59%	1.52%	5.57%	1.18%	1.28%	2.50%	1.45%	0.99%	0.29%
Cost of Revenue to Revenue	39.51%	49.50%	66.81%	62.35%	66.47%	78.56%	77.76%	76.91%	60.57%	76.29%
SG&A Expenses to Revenue	21.97%	19.03%	12.45%	17.01%	14.24%	10.34%	10.81%	9.79%	11.08%	7.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.99%	29.76%	19.20%	24.28%	21.81%	15.09%	15.38%	15.54%	30.52%	14.63%
Earnings before Interest and Taxes (EBIT)	500	433	429	313	253	176	213	181	177	255
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	666	588	561	429	365	265	317	264	249	316
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.13	1.92	1.91	1.87	1.38	2.21	2.36	2.36	1.89	1.76
Price to Tangible Book Value (P/TBV)	2.14	1.92	1.92	1.88	1.39	2.23	2.40	2.44	1.89	1.76
Price to Revenue (P/Rev)	2.61	1.94	1.19	1.41	1.16	1.32	1.15	1.29	1.17	0.71
Price to Earnings (P/E)	16.15	14.41	12.61	25.84	13.93	27.67	14.34	22.12	16.77	10.75
Dividend Yield	3.62%	4.07%	4.10%	4.30%	5.37%	3.12%	2.93%	3.07%	3.80%	4.02%
Earnings Yield	6.19%	6.94%	7.93%	3.87%	7.18%	3.61%	6.98%	4.52%	5.96%	9.30%
Enterprise Value to Invested Capital (EV/IC)	1.44	1.35	1.34	1.33	1.16	1.62	1.71	1.68	1.47	1.44
Enterprise Value to Revenue (EV/Rev)	4.42	3.49	2.18	2.57	2.23	1.86	1.57	1.81	1.71	0.98
Enterprise Value to EBITDA (EV/EBITDA)	11.91	11.64	11.31	12.92	11.94	18.13	14.45	15.56	12.88	8.44
Enterprise Value to EBIT (EV/EBIT)	15.89	15.81	14.79	17.70	17.24	27.36	21.50	22.64	18.18	10.47
Enterprise Value to NOPAT (EV/NOPAT)	22.50	20.00	20.06	22.39	23.71	34.12	17.31	27.72	22.87	14.58
Enterprise Value to Operating Cash Flow (EV/OCF)	18.57	14.29	19.61	14.17	20.41	24.78	11.49	16.57	22.52	6.83
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	627.54	0.00	0.00	0.00	0.00	140.16	0.00	0.00	31.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.53	1.58	1.64	1.60	1.47	1.02	1.03	1.16	1.06	0.83
Long-Term Debt to Equity	1.31	1.39	1.37	1.33	1.37	0.99	0.83	0.81	0.90	0.76
Financial Leverage	1.52	1.57	1.58	1.42	1.10	0.90	0.93	0.93	0.78	0.74
Leverage Ratio	3.23	3.36	3.48	3.37	3.03	2.87	3.04	3.18	3.08	3.11
Compound Leverage Factor	2.38	2.41	2.78	2.52	2.22	2.10	2.38	2.40	2.54	2.77
Debt to Total Capital	60.43%	61.17%	62.15%	61.57%	59.47%	50.52%	50.65%	53.60%	51.49%	45.42%
Short-Term Debt to Total Capital	8.65%	7.18%	10.39%	10.61%	3.76%	1.49%	9.58%	16.19%	7.62%	3.82%
Long-Term Debt to Total Capital	51.78%	53.99%	51.76%	50.96%	55.71%	49.02%	41.06%	37.41%	43.87%	41.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	39.57%	38.83%	37.85%	38.44%	40.53%	49.48%	49.35%	46.40%	48.51%	54.58%
Debt to EBITDA	5.04	5.33	5.32	6.09	6.61	5.97	4.60	5.41	4.96	2.91
Net Debt to EBITDA	4.89	5.15	5.13	5.81	5.72	5.20	3.88	4.50	4.02	2.29
Long-Term Debt to EBITDA	4.32	4.71	4.43	5.04	6.19	5.79	3.73	3.78	4.23	2.67
Debt to NOPAT	9.52	9.16	9.44	10.56	13.12	11.24	5.51	9.64	8.81	5.03
Net Debt to NOPAT	9.23	8.85	9.10	10.08	11.35	9.80	4.66	8.01	7.15	3.96
Long-Term Debt to NOPAT	8.16	8.09	7.86	8.74	12.29	10.90	4.47	6.73	7.51	4.61
Altman Z-Score	1.28	1.22	1.33	1.15	1.16	1.82	1.96	1.62	1.50	1.98
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.62	0.66	0.68	0.60	1.17	1.15	1.03	0.72	1.06	1.12
Quick Ratio	0.13	0.13	0.20	0.19	0.47	0.32	0.28	0.25	0.32	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-87	11	-257	-149	-618	-140	33	-108	-200	84
Operating Cash Flow to CapEx	81.73%	95.73%	57.85%	68.08%	47.64%	39.97%	118.21%	86.58%	43.71%	133.88%
Free Cash Flow to Firm to Interest Expense	-0.67	0.09	-2.99	-1.89	-9.14	-2.98	0.71	-2.40	-6.43	3.03
Operating Cash Flow to Interest Expense	3.28	3.89	3.77	4.98	3.16	4.12	8.60	5.53	4.59	14.10
Operating Cash Flow Less CapEx to Interest Expense	-0.73	-0.17	-2.75	-2.33	-3.47	-6.19	1.33	-0.86	-5.92	3.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.31	0.49	0.39	0.40	0.61	0.72	0.59	0.54	0.85
Accounts Receivable Turnover	16.13	12.18	14.00	12.89	14.17	14.96	14.38	13.27	12.54	15.70
Inventory Turnover	3.06	3.73	7.66	6.71	6.98	10.64	10.99	8.10	5.87	9.13
Fixed Asset Turnover	0.34	0.41	0.66	0.54	0.58	0.91	1.11	0.90	0.83	1.36
Accounts Payable Turnover	4.42	6.30	10.22	7.37	9.58	15.37	19.53	17.10	11.02	20.48
Days Sales Outstanding (DSO)	22.63	29.96	26.08	28.32	25.76	24.40	25.38	27.51	29.11	23.25
Days Inventory Outstanding (DIO)	119.34	97.75	47.67	54.44	52.30	34.31	33.21	45.09	62.16	39.96
Days Payable Outstanding (DPO)	82.54	57.91	35.73	49.54	38.12	23.75	18.69	21.34	33.13	17.82
Cash Conversion Cycle (CCC)	59.42	69.80	38.02	33.22	39.95	34.97	39.91	51.26	58.14	45.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,503	5,063	4,731	4,159	3,762	2,961	2,680	2,448	2,192	1,852
Invested Capital Turnover	0.34	0.40	0.65	0.54	0.58	0.92	1.14	0.98	0.93	1.52
Increase / (Decrease) in Invested Capital	440	331	573	396	802	281	232	256	340	99
Enterprise Value (EV)	7,938	6,845	6,343	5,540	4,357	4,810	4,578	4,109	3,212	2,670
Market Capitalization	4,681	3,814	3,466	3,047	2,271	3,429	3,347	2,921	2,209	1,946
Book Value per Share	$22.19	$20.40	$18.88	$16.91	$17.14	$17.25	$16.07	$14.29	$13.54	$12.95
Tangible Book Value per Share	$22.08	$20.32	$18.80	$16.80	$16.98	$17.06	$15.81	$13.82	$13.54	$12.95
Total Capital	5,561	5,127	4,802	4,243	4,056	3,136	2,875	2,665	2,405	2,028
Total Debt	3,360	3,136	2,984	2,612	2,412	1,584	1,456	1,428	1,238	921
Total Long-Term Debt	2,879	2,768	2,485	2,162	2,259	1,537	1,181	997	1,055	844
Net Debt	3,258	3,031	2,877	2,493	2,087	1,381	1,231	1,188	1,004	725
Capital Expenditures (CapEx)	523	500	559	574	448	486	337	286	326	292
Debt-free, Cash-free Net Working Capital (DFCFNWC)	147	93	150	28	124	109	293	206	181	125
Debt-free Net Working Capital (DFNWC)	148	94	151	33	241	112	295	208	219	130
Net Working Capital (NWC)	-333	-275	-348	-417	89	65	19	-223	36	52
Net Nonoperating Expense (NNE)	63	78	41	130	21	17	31	16	8.80	2.20
Net Nonoperating Obligations (NNO)	3,302	3,072	2,914	2,528	2,119	1,409	1,261	1,211	1,026	745
Total Depreciation and Amortization (D&A)	167	155	132	116	112	90	104	83	73	61
Debt-free, Cash-free Net Working Capital to Revenue	8.16%	4.73%	5.16%	1.31%	6.36%	4.22%	10.06%	9.07%	9.64%	4.56%
Debt-free Net Working Capital to Revenue	8.22%	4.77%	5.19%	1.53%	12.35%	4.32%	10.11%	9.16%	11.63%	4.74%
Net Working Capital to Revenue	-18.55%	-13.99%	-11.98%	-19.34%	4.54%	2.52%	0.66%	-9.85%	1.90%	1.91%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.94	$2.73	$2.86	$1.23	$2.05	$1.90	$2.66	$1.53	$1.53	$2.12
Adjusted Weighted Average Basic Shares Outstanding	98.63M	97.03M	96.10M	96.23M	94.80M	89.24M	87.69M	86.32M	85.88M	85.19M
Adjusted Diluted Earnings per Share	$2.92	$2.71	$2.85	$1.22	$2.04	$1.89	$2.64	$1.52	$1.52	$2.10
Adjusted Weighted Average Diluted Shares Outstanding	99.29M	97.63M	96.49M	96.56M	95.11M	89.62M	88.32M	87.14M	86.73M	86.27M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	99.77M	97.71M	96.39M	95.95M	96.13M	90.16M	88.51M	86.87M	86.10M	85.80M
Normalized Net Operating Profit after Tax (NOPAT)	353	342	316	247	184	141	140	148	140	183
Normalized NOPAT Margin	19.64%	17.44%	10.88%	11.47%	9.41%	5.44%	4.80%	6.53%	7.47%	6.70%
Pre Tax Income Margin	20.56%	15.80%	11.80%	10.87%	9.48%	4.97%	5.72%	6.02%	7.75%	8.31%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.84	3.52	5.00	3.98	3.74	3.73	4.60	4.04	5.69	9.20
NOPAT to Interest Expense	2.71	2.78	3.68	3.15	2.72	2.99	5.71	3.30	4.53	6.61
EBIT Less CapEx to Interest Expense	-0.18	-0.55	-1.52	-3.33	-2.89	-6.58	-2.68	-2.34	-4.82	-1.34
NOPAT Less CapEx to Interest Expense	-1.31	-1.28	-2.83	-4.16	-3.91	-7.32	-1.57	-3.08	-5.99	-3.93
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	56.96%	57.03%	46.45%	99.21%	72.27%	83.96%	41.05%	66.62%	62.61%	42.29%
Augmented Payout Ratio	56.96%	57.03%	46.45%	122.30%	72.27%	83.96%	41.05%	71.44%	63.38%	48.14%

This table displays calculated financial ratios and metrics derived from New Jersey Resources' official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.78%	4.53%	19.45%	4.38%	2.16%	-35.43%	-56.72%	-52.19%	-29.41%	7.06%	43.75%
EBITDA Growth	52.71%	35.04%	75.29%	13.06%	8.17%	-14.95%	-8.53%	-26.22%	19.11%	11.80%	187.17%
EBIT Growth	59.96%	41.53%	107.85%	48.31%	9.22%	-19.88%	-17.01%	-69.37%	18.85%	10.20%	558.12%
NOPAT Growth	61.82%	36.72%	98.45%	25.39%	2.86%	-19.81%	-16.60%	-82.91%	21.00%	9.40%	2,910.39%
Net Income Growth	69.10%	46.87%	146.13%	-855.48%	9.58%	-22.87%	-32.09%	-88.26%	14.80%	4.14%	4,912.18%
EPS Growth	65.57%	43.96%	145.95%	-700.00%	7.96%	-23.53%	-32.73%	-85.71%	13.00%	2.59%	5,600.00%
Operating Cash Flow Growth	44.78%	-119.29%	-29.18%	-45.75%	-32.37%	152.18%	3.99%	147.35%	17.45%	-137.78%	78.21%
Free Cash Flow Firm Growth	-11.66%	-781.00%	-19.68%	9.00%	60.93%	93.00%	45.45%	32.71%	-17.16%	-12.28%	-28.71%
Invested Capital Growth	7.66%	8.48%	8.69%	6.92%	6.06%	2.78%	7.00%	8.21%	12.60%	13.74%	13.77%
Revenue Q/Q Growth	86.96%	23.39%	43.59%	-58.10%	40.82%	41.01%	25.47%	-59.00%	-10.99%	-5.48%	38.59%
EBITDA Q/Q Growth	39.91%	22.28%	257.92%	-75.06%	23.72%	58.73%	130.86%	-76.14%	-2.73%	70.71%	86.23%
EBIT Q/Q Growth	47.60%	28.67%	909.39%	-91.66%	30.59%	88.96%	620.26%	-93.85%	-4.22%	95.75%	165.86%
NOPAT Q/Q Growth	45.87%	35.38%	2,517.12%	-96.87%	23.24%	96.50%	1,553.62%	-97.43%	-3.91%	104.36%	238.86%
Net Income Q/Q Growth	55.57%	44.11%	887.33%	-109.58%	35.12%	141.49%	2,316.71%	-98.61%	-4.89%	112.61%	317.70%
EPS Q/Q Growth	54.20%	43.96%	858.33%	-109.84%	34.07%	145.95%	1,750.00%	-98.23%	-5.04%	116.36%	292.86%
Operating Cash Flow Q/Q Growth	4,823.99%	-113.88%	165.57%	-91.69%	529.51%	-49.05%	103.44%	-89.64%	585.76%	-201.53%	192.63%
Free Cash Flow Firm Q/Q Growth	38.47%	10.48%	2.50%	-107.91%	-385.50%	87.84%	25.86%	10.74%	12.96%	5.31%	8.54%
Invested Capital Q/Q Growth	-1.60%	3.08%	3.68%	2.37%	-0.85%	3.27%	2.00%	1.54%	-3.91%	7.52%	3.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.50%	59.97%	72.55%	58.52%	52.70%	62.42%	63.11%	55.22%	50.82%	42.71%	31.29%
EBITDA Margin	37.78%	50.48%	50.94%	20.43%	34.33%	39.07%	34.71%	18.87%	32.42%	29.67%	16.43%
Operating Margin	30.66%	38.82%	36.92%	2.15%	25.87%	29.07%	19.40%	1.79%	25.65%	23.88%	10.57%
EBIT Margin	32.52%	41.20%	39.51%	5.62%	28.22%	30.43%	22.71%	3.96%	26.39%	24.52%	11.84%
Profit (Net Income) Margin	22.37%	26.89%	23.02%	-4.20%	18.36%	19.14%	11.17%	0.58%	17.12%	16.02%	7.12%
Tax Burden Percent	77.26%	78.49%	75.72%	73.82%	78.44%	80.78%	87.97%	-7.79%	78.92%	78.35%	84.36%
Interest Burden Percent	89.05%	83.16%	76.97%	-101.21%	82.97%	77.86%	55.95%	-188.36%	82.20%	83.38%	71.30%
Effective Tax Rate	23.29%	22.35%	25.58%	0.00%	22.04%	20.72%	14.77%	0.00%	21.89%	22.29%	18.79%
Return on Invested Capital (ROIC)	9.06%	10.05%	9.34%	0.51%	6.89%	7.63%	6.63%	0.63%	11.66%	11.47%	5.61%
ROIC Less NNEP Spread (ROIC-NNEP)	8.71%	9.57%	8.79%	0.00%	6.49%	7.05%	6.04%	0.57%	10.97%	10.85%	5.20%
Return on Net Nonoperating Assets (RNNOA)	11.43%	14.25%	13.37%	-0.01%	9.14%	11.18%	9.49%	0.87%	15.78%	17.64%	8.21%
Return on Equity (ROE)	20.49%	24.30%	22.71%	0.50%	16.04%	18.80%	16.12%	1.50%	27.43%	29.11%	13.82%
Cash Return on Invested Capital (CROIC)	1.44%	-0.94%	-1.65%	-0.88%	0.46%	3.40%	0.22%	-0.48%	-4.27%	-6.00%	-5.77%
Operating Return on Assets (OROA)	9.69%	10.74%	10.50%	1.49%	7.50%	7.77%	6.97%	1.52%	11.65%	11.51%	5.74%
Return on Assets (ROA)	6.67%	7.01%	6.12%	-1.11%	4.88%	4.89%	3.43%	0.22%	7.56%	7.52%	3.45%
Return on Common Equity (ROCE)	20.49%	24.30%	22.71%	0.50%	16.04%	18.80%	16.12%	1.50%	27.43%	29.11%	13.82%
Return on Equity Simple (ROE_SIMPLE)	16.75%	14.34%	0.00%	11.00%	11.42%	11.53%	0.00%	14.14%	14.68%	14.54%	0.00%
Net Operating Profit after Tax (NOPAT)	215	147	109	4.16	133	108	55	3.31	129	134	66
NOPAT Margin	23.52%	30.14%	27.48%	1.51%	20.17%	23.05%	16.54%	1.25%	20.03%	18.56%	8.58%
Net Nonoperating Expense Percent (NNEP)	0.34%	0.49%	0.55%	0.51%	0.40%	0.58%	0.59%	0.06%	0.69%	0.62%	0.41%
Return On Investment Capital (ROIC_SIMPLE)	3.75%	2.57%	-	-	-	2.03%	-	-	-	-	-
Cost of Revenue to Revenue	46.50%	40.03%	27.45%	41.48%	47.30%	37.58%	36.89%	44.78%	49.18%	57.29%	68.71%
SG&A Expenses to Revenue	12.16%	18.15%	22.39%	37.87%	16.30%	20.21%	30.41%	35.68%	15.39%	10.99%	15.51%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.83%	21.15%	35.63%	56.36%	26.83%	33.35%	43.71%	53.42%	25.17%	18.83%	20.72%
Earnings before Interest and Taxes (EBIT)	297	201	156	15	186	142	75	10	170	177	91
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	345	247	202	56	226	183	115	50	209	215	126
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.99	2.01	2.13	1.97	1.92	2.03	1.92	2.21	2.46	2.35	1.91
Price to Tangible Book Value (P/TBV)	1.99	2.02	2.14	1.98	1.93	2.04	1.92	2.22	2.47	2.36	1.92
Price to Revenue (P/Rev)	2.37	2.56	2.61	2.44	2.43	2.45	1.94	1.84	1.83	1.53	1.19
Price to Earnings (P/E)	11.85	14.03	16.15	17.92	16.79	17.57	14.41	15.60	16.74	16.17	12.61
Dividend Yield	3.61%	3.73%	3.62%	3.93%	3.88%	3.78%	4.07%	3.44%	3.02%	3.20%	4.10%
Earnings Yield	8.44%	7.13%	6.19%	5.58%	5.96%	5.69%	6.94%	6.41%	5.97%	6.18%	7.93%
Enterprise Value to Invested Capital (EV/IC)	1.43	1.40	1.44	1.38	1.38	1.40	1.35	1.48	1.59	1.50	1.34
Enterprise Value to Revenue (EV/Rev)	3.85	4.38	4.42	4.24	4.15	4.28	3.49	3.06	2.89	2.59	2.18
Enterprise Value to EBITDA (EV/EBITDA)	9.39	10.91	11.91	12.67	12.46	13.14	11.64	12.24	12.60	13.11	11.31
Enterprise Value to EBIT (EV/EBIT)	11.91	14.26	15.89	17.55	17.27	18.37	15.81	16.35	16.45	17.18	14.79
Enterprise Value to NOPAT (EV/NOPAT)	16.82	20.30	22.50	24.63	22.36	23.07	20.00	20.76	22.18	23.34	20.06
Enterprise Value to Operating Cash Flow (EV/OCF)	15.87	21.42	18.57	16.18	15.05	11.89	14.29	15.42	23.11	28.12	19.61
Enterprise Value to Free Cash Flow (EV/FCFF)	103.18	0.00	0.00	0.00	305.04	41.64	627.54	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.48	1.53	1.51	1.41	1.56	1.58	1.52	1.49	1.68	1.64
Long-Term Debt to Equity	1.20	1.29	1.31	1.30	1.25	1.33	1.39	1.37	1.32	1.40	1.37
Financial Leverage	1.31	1.49	1.52	1.48	1.41	1.59	1.57	1.54	1.44	1.63	1.58
Leverage Ratio	2.99	3.18	3.23	3.16	3.10	3.35	3.36	3.31	3.21	3.46	3.48
Compound Leverage Factor	2.66	2.65	2.48	-3.20	2.57	2.61	1.88	-6.24	2.64	2.88	2.48
Debt to Total Capital	56.69%	59.64%	60.43%	60.23%	58.49%	60.97%	61.17%	60.34%	59.85%	62.72%	62.15%
Short-Term Debt to Total Capital	4.78%	7.48%	8.65%	8.39%	6.56%	9.22%	7.18%	6.11%	6.82%	10.56%	10.39%
Long-Term Debt to Total Capital	51.91%	52.17%	51.78%	51.84%	51.93%	51.74%	53.99%	54.23%	53.03%	52.17%	51.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.31%	40.36%	39.57%	39.77%	41.51%	39.03%	38.83%	39.66%	40.15%	37.28%	37.85%
Debt to EBITDA	3.82	4.68	5.04	5.60	5.36	5.80	5.33	5.07	4.84	5.55	5.32
Net Debt to EBITDA	3.60	4.54	4.89	5.39	5.17	5.61	5.15	4.89	4.62	5.36	5.13
Long-Term Debt to EBITDA	3.50	4.09	4.32	4.82	4.76	4.92	4.71	4.56	4.28	4.61	4.43
Debt to NOPAT	6.84	8.71	9.52	10.88	9.61	10.19	9.16	8.59	8.52	9.88	9.44
Net Debt to NOPAT	6.45	8.45	9.23	10.47	9.28	9.85	8.85	8.30	8.14	9.54	9.10
Long-Term Debt to NOPAT	6.26	7.62	8.16	9.37	8.53	8.65	8.09	7.72	7.55	8.21	7.86
Altman Z-Score	1.33	1.17	1.12	1.00	1.14	1.06	1.04	1.23	1.46	1.35	1.15
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.93	0.89	0.62	0.60	0.70	0.70	0.66	0.78	0.87	0.95	0.68
Quick Ratio	0.56	0.39	0.13	0.18	0.32	0.27	0.13	0.17	0.36	0.44	0.20
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-182	-296	-331	-340	-163	-34	-277	-373	-418	-480	-507
Operating Cash Flow to CapEx	342.53%	-104.19%	41.17%	16.60%	255.81%	43.93%	61.19%	42.59%	400.95%	-64.18%	60.04%
Free Cash Flow to Firm to Interest Expense	-5.61	-8.74	-9.19	-10.89	-5.16	-1.07	-8.35	-12.39	-13.81	-16.28	-19.49
Operating Cash Flow to Interest Expense	13.01	-0.26	1.79	0.78	9.24	1.47	2.75	1.49	14.28	-3.02	3.37
Operating Cash Flow Less CapEx to Interest Expense	9.21	-0.52	-2.56	-3.92	5.63	-1.88	-1.74	-2.00	10.72	-7.72	-2.24
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.30	0.26	0.27	0.26	0.27	0.26	0.31	0.38	0.44	0.47	0.49
Accounts Receivable Turnover	7.19	6.34	16.13	13.72	7.18	4.72	12.18	12.79	10.00	7.53	14.00
Inventory Turnover	6.67	3.19	3.06	4.14	6.61	2.93	3.73	6.68	16.76	7.27	7.66
Fixed Asset Turnover	0.39	0.35	0.34	0.34	0.34	0.35	0.41	0.51	0.58	0.65	0.66
Accounts Payable Turnover	6.79	6.69	4.42	5.42	5.84	6.78	6.30	10.93	13.46	14.03	10.22
Days Sales Outstanding (DSO)	50.74	57.59	22.63	26.61	50.81	77.30	29.96	28.54	36.51	48.46	26.08
Days Inventory Outstanding (DIO)	54.74	114.29	119.34	88.24	55.18	124.66	97.75	54.62	21.78	50.22	47.67
Days Payable Outstanding (DPO)	53.73	54.57	82.54	67.32	62.47	53.82	57.91	33.39	27.12	26.01	35.73
Cash Conversion Cycle (CCC)	51.75	117.31	59.42	47.53	43.52	148.15	69.80	49.78	31.16	72.67	38.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,582	5,672	5,503	5,307	5,184	5,229	5,063	4,964	4,888	5,087	4,731
Invested Capital Turnover	0.39	0.33	0.34	0.34	0.34	0.33	0.40	0.50	0.58	0.62	0.65
Increase / (Decrease) in Invested Capital	397	444	440	344	296	141	331	376	547	614	573
Enterprise Value (EV)	7,979	7,969	7,938	7,346	7,141	7,307	6,845	7,334	7,768	7,648	6,343
Market Capitalization	4,920	4,654	4,681	4,224	4,177	4,186	3,814	4,402	4,918	4,521	3,466
Book Value per Share	$24.71	$23.18	$22.19	$21.69	$22.17	$21.11	$20.40	$20.58	$20.65	$19.93	$18.88
Tangible Book Value per Share	$24.60	$23.07	$22.08	$21.58	$22.07	$21.02	$20.32	$20.49	$20.57	$19.84	$18.80
Total Capital	5,721	5,731	5,561	5,389	5,250	5,293	5,127	5,031	4,983	5,158	4,802
Total Debt	3,244	3,418	3,360	3,246	3,071	3,227	3,136	3,036	2,982	3,235	2,984
Total Long-Term Debt	2,970	2,989	2,879	2,794	2,726	2,739	2,768	2,729	2,642	2,691	2,485
Net Debt	3,058	3,315	3,258	3,123	2,964	3,121	3,031	2,931	2,850	3,127	2,877
Capital Expenditures (CapEx)	124	8.60	157	146	114	106	149	105	108	139	146
Debt-free, Cash-free Net Working Capital (DFCFNWC)	136	339	147	70	104	200	93	158	217	488	150
Debt-free Net Working Capital (DFNWC)	220	341	148	92	109	203	94	159	244	490	151
Net Working Capital (NWC)	-53	-88	-333	-360	-235	-285	-275	-149	-96	-54	-348
Net Nonoperating Expense (NNE)	10	16	18	16	12	18	18	1.78	19	18	11
Net Nonoperating Obligations (NNO)	3,104	3,360	3,302	3,164	3,005	3,162	3,072	2,968	2,888	3,165	2,914
Total Depreciation and Amortization (D&A)	48	45	45	41	40	40	40	39	39	37	35
Debt-free, Cash-free Net Working Capital to Revenue	6.57%	18.63%	8.16%	4.04%	6.05%	11.75%	4.73%	6.61%	8.09%	16.51%	5.16%
Debt-free Net Working Capital to Revenue	10.61%	18.74%	8.22%	5.33%	6.34%	11.91%	4.77%	6.63%	9.10%	16.59%	5.19%
Net Working Capital to Revenue	-2.58%	-4.84%	-18.55%	-20.78%	-13.68%	-16.70%	-13.99%	-6.20%	-3.56%	-1.84%	-11.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.04	$1.32	$0.92	($0.12)	$1.23	$0.91	$0.37	$0.02	$1.14	$1.20	$0.56
Adjusted Weighted Average Basic Shares Outstanding	100.29M	99.86M	98.63M	98.98M	98.38M	97.87M	97.03M	97.17M	96.89M	96.49M	96.10M
Adjusted Diluted Earnings per Share	$2.02	$1.31	$0.91	($0.12)	$1.22	$0.91	$0.37	$0.02	$1.13	$1.19	$0.55
Adjusted Weighted Average Diluted Shares Outstanding	100.93M	100.48M	99.29M	98.98M	99.10M	98.56M	97.63M	97.89M	97.56M	97.08M	96.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	100.37M	100.29M	99.77M	99.17M	98.82M	98.30M	97.71M	97.56M	96.96M	96.89M	96.39M
Normalized Net Operating Profit after Tax (NOPAT)	214	105	109	4.16	133	108	55	3.31	129	134	66
Normalized NOPAT Margin	23.46%	21.42%	27.48%	1.51%	20.17%	23.05%	16.54%	1.25%	20.03%	18.56%	8.58%
Pre Tax Income Margin	28.96%	34.26%	30.41%	-5.69%	23.41%	23.69%	12.70%	-7.45%	21.69%	20.45%	8.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.13	5.94	4.34	0.50	5.87	4.52	2.27	0.35	5.62	6.02	3.48
NOPAT to Interest Expense	6.60	4.34	3.02	0.13	4.20	3.42	1.65	0.11	4.26	4.55	2.53
EBIT Less CapEx to Interest Expense	5.33	5.68	-0.01	-4.20	2.26	1.16	-2.22	-3.14	2.06	1.32	-2.12
NOPAT Less CapEx to Interest Expense	2.81	4.09	-1.33	-4.56	0.58	0.06	-2.84	-3.38	0.70	-0.15	-3.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	41.59%	50.90%	56.96%	68.50%	63.48%	66.09%	57.03%	51.38%	47.38%	46.64%	46.45%
Augmented Payout Ratio	41.59%	50.90%	56.96%	68.50%	63.48%	66.09%	57.03%	51.38%	47.38%	46.64%	46.45%

Frequently Asked Questions About New Jersey Resources' Financials

When does New Jersey Resources's financial year end?

According to the most recent income statement we have on file, New Jersey Resources' fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has New Jersey Resources' net income changed over the last 9 years?

New Jersey Resources' net income appears to be on an upward trend, with a most recent value of $289.78 million in 2024, rising from $180.96 million in 2015. The previous period was $264.72 million in 2023. See where experts think New Jersey Resources is headed by visiting New Jersey Resources' forecast page.

What is New Jersey Resources's operating income?

New Jersey Resources's total operating income in 2024 was $458.10 million, based on the following breakdown:

Total Gross Profit: $1.09 billion
Total Operating Expenses: $628.68 million

How has New Jersey Resources revenue changed over the last 9 years?

Over the last 9 years, New Jersey Resources' total revenue changed from $2.73 billion in 2015 to $1.80 billion in 2024, a change of -34.3%.

How much debt does New Jersey Resources have?

New Jersey Resources' total liabilities were at $4.78 billion at the end of 2024, a 5.2% increase from 2023, and a 119.6% increase since 2015.

How much cash does New Jersey Resources have?

In the past 9 years, New Jersey Resources' cash and equivalents has ranged from $954 thousand in 2023 to $117.01 million in 2020, and is currently $1.02 million as of their latest financial filing in 2024.

How has New Jersey Resources' book value per share changed over the last 9 years?

Over the last 9 years, New Jersey Resources' book value per share changed from 12.95 in 2015 to 22.19 in 2024, a change of 71.4%.

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This page (NYSE:NJR) was last updated on 5/25/2025 by MarketBeat.com Staff

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New Jersey Resources (NJR) Financials

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