InsiderClue
Stocks · Energy · Natural Gas Distribution

NEW JERSEY RESOURCES CORP

NJR Clue Score59
United States Fiscal year ends September CIK 0000356309
$51.21 +0.39% Close, 9 Oct 2026
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Price $51.21 +37.88% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Operating income171.2Net income132.1EPS, diluted1.52Fiscal year 2018Operating income199.9Net income233.4 +76.8%EPS, diluted2.64 +73.7%Fiscal year 2019Revenue782.3Operating income164.6Net income123.9 −46.9%EPS, diluted1.38 −47.7%Fiscal year 2020Revenue833.7 +6.6%Operating income228.9Net income163.0 +31.5%EPS, diluted1.71 +23.9%Fiscal year 2021Revenue852.1 +2.2%Operating income288.4Net income117.9 −27.7%EPS, diluted1.22 −28.7%Fiscal year 2022Revenue1,199.0 +40.7%Operating income406.5Net income274.9 +133.2%EPS, diluted2.85 +133.6%Fiscal year 2023Revenue1,111.5 −7.3%Operating income407.0Net income264.7 −3.7%EPS, diluted2.71 −4.9%Fiscal year 2024Revenue1,229.9 +10.7%Operating income458.1Net income289.8 +9.5%EPS, diluted2.92 +7.7%Fiscal year 2025Revenue1,351.3 +9.9%Operating income508.9Net income335.6 +15.8%EPS, diluted3.33 +14.0%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a 782.3 833.7 852.1 1,199.0 1,111.5 1,229.9 1,351.3
Growth +6.6% +2.2% +40.7% −7.3% +10.7% +9.9%
Operating income 171.2 199.9 164.6 228.9 288.4 406.5 407.0 458.1 508.9
Net income 132.1 233.4 123.9 163.0 117.9 274.9 264.7 289.8 335.6
Growth +76.8% −46.9% +31.5% −27.7% +133.2% −3.7% +9.5% +15.8%
EPS, diluted 1.52 2.64 1.38 1.71 1.22 2.85 2.71 2.92 3.33
Growth +73.7% −47.7% +23.9% −28.7% +133.6% −4.9% +7.7% +14.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Fiscal year 2018Fiscal year 2019Operating margin21.0%Net margin15.8%Free cash flow margin−13.5%Fiscal year 2020Operating margin27.5%Net margin19.6%Fiscal year 2021Operating margin33.8%Net margin13.8%Fiscal year 2022Operating margin33.9%Net margin22.9%Fiscal year 2023Operating margin36.6%Net margin23.8%Fiscal year 2024Operating margin37.2%Net margin23.6%Fiscal year 2025Operating margin37.7%Net margin24.8%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin n/a n/a 21.0% 27.5% 33.8% 33.9% 36.6% 37.2% 37.7%
Net margin n/a n/a 15.8% 19.6% 13.8% 22.9% 23.8% 23.6% 24.8%
Free cash flow margin n/a n/a −13.5% n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow248.0Capital expenditure−144.1Free cash flow103.9Buybacks−6.4Dividends paid−88.0Fiscal year 2018Operating cash flow398.3Capital expenditure−206.9Free cash flow191.4 +84.2%Buybacks0.0Dividends paid−95.8Fiscal year 2019Operating cash flow194.1Capital expenditure−300.0Free cash flow−105.9 −155.3%Buybacks0.0Dividends paid−104.1Fiscal year 2020Operating cash flow213.5Buybacks0.0Dividends paid−117.8Fiscal year 2021Operating cash flow391.0Buybacks−27.2Dividends paid−117.0Fiscal year 2022Operating cash flow323.5Buybacks0.0Dividends paid−127.7Fiscal year 2023Operating cash flow479.0Buybacks0.0Dividends paid−151.0Fiscal year 2024Operating cash flow427.4Dividends paid−165.1Fiscal year 2025Operating cash flow466.3Dividends paid−180.1
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 248.0 398.3 194.1 213.5 391.0 323.5 479.0 427.4 466.3
Capital expenditure −144.1 −206.9 −300.0 n/a n/a n/a n/a n/a n/a
Free cash flow 103.9 191.4 −105.9 n/a n/a n/a n/a n/a n/a
Growth +84.2% −155.3%
Buybacks −6.4 0.0 0.0 0.0 −27.2 0.0 0.0 n/a n/a
Dividends paid −88.0 −95.8 −104.1 −117.8 −117.0 −127.7 −151.0 −165.1 −180.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash2.2Shareholders’ equity1,236.6Fiscal year 2018Cash1.5Shareholders’ equity1,294.7Fiscal year 2019Cash2.7Shareholders’ equity1,381.8Fiscal year 2020Cash117.0Shareholders’ equity1,643.9Fiscal year 2021Cash4.7Shareholders’ equity1,630.9Fiscal year 2022Cash1.1Shareholders’ equity1,817.2Fiscal year 2023Cash1.0Shareholders’ equity1,990.7Fiscal year 2024Cash1.0Shareholders’ equity2,200.4Fiscal year 2025Cash0.6Shareholders’ equity2,391.7
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.2 1.5 2.7 117.0 4.7 1.1 1.0 1.0 0.6
Shareholders’ equity 1,236.6 1,294.7 1,381.8 1,643.9 1,630.9 1,817.2 1,990.7 2,200.4 2,391.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Revenue and profit
n/a n/a 782.3 833.7 852.1 1,199.0 1,111.5 1,229.9 1,351.3
Growth +6.6% +2.2% +40.7% −7.3% +10.7% +9.9%
1,436.7 1,990.8 n/a n/a n/a n/a n/a n/a n/a
171.2 199.9 164.6 228.9 288.4 406.5 407.0 458.1 508.9
Growth +16.7% −17.7% +39.1% +26.0% +41.0% +0.1% +12.6% +11.1%
136.6 166.6 128.7 185.2 234.4 342.9 310.1 369.4 426.5
18.3 −53.8 18.4 36.5 33.3 76.2 49.3 84.9 97.0
132.1 233.4 123.9 163.0 117.9 274.9 264.7 289.8 335.6
Growth +76.8% −46.9% +31.5% −27.7% +133.2% −3.7% +9.5% +15.8%
Per share
1.53 2.66 1.39 1.72 1.23 2.86 2.73 2.94 3.35
1.52 2.64 1.38 1.71 1.22 2.85 2.71 2.92 3.33
Growth +73.7% −47.7% +23.9% −28.7% +133.6% −4.9% +7.7% +14.0%
86.3 87.7 89.2 94.8 96.2 96.1 97.0 98.6 100.2
87.1 88.3 89.6 95.1 96.6 96.5 97.6 99.3 100.8
Growth +1.3% +1.5% +6.1% +1.5% −0.1% +1.2% +1.7% +1.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 10.1% a year over five years, and earnings per share grew 14.3% a year.
  • The diluted share count rose 6.0% in five years, which is dilution.
  • Operating margin is up 10.2 points on five years ago, at 37.7%.
  • Profitable in every one of the 9 years on file.