Chesapeake Utilities
CPK · Gas Utilities
$134.28
0.1%New Jersey Resources
NJR · Gas Utilities
$53.16
0.9%The short version
- New Jersey Resources is the larger business, with $2.0B of revenue in fiscal 2025 against $930M for Chesapeake Utilities, about 2.2 times as much.
- Chesapeake Utilities grew revenue faster (18.1%, against 13.4%).
- Chesapeake Utilities kept more of each dollar of sales as operating profit (27.5% operating margin, against 25.0% operating margin).
- New Jersey Resources earned a higher return on the capital invested in it (6.8%, against 6.1%).
- Investors pay more for each dollar of Chesapeake Utilities’s earnings: a P/E of 22.5x against 14.7x for New Jersey Resources.
| Latest fiscal year | CPK · FY25 | NJR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $3.2B | $5.4B |
| Revenue | $930M | $2.0B |
| Free cash flow | −$215M | — |
| Net income | $140M | $336M |
| Growth | ||
| Revenue growth | 18.1% | 13.4% |
| 5-year growth | 13.8% | 0.8% |
| Share count change | 4.3% | 1.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 27.5% | 25.0% |
| Net margin | 15.1% | 16.5% |
| FCF margin | −23.1% | — |
| Return on capital | 6.1% | 6.8% |
| Return on equity | 9.4% | 14.6% |
| Balance sheet | ||
| Net debt | $1.7B | $3.6B |
| Net debt / EBITDA | 4.8x | 5.2x |
| Dividends and buybacks | $60.7M | $180M |
| Valuation & quality | ||
| P/E | 22.5x | 14.7x |
| Piotroski F-score | 5 | 7 |
FY16
CPK $499M
NJR $1.9B
FY17
CPK $450M
NJR $2.3B
FY18
CPK $490M
NJR $2.9B
FY19
CPK $480M
NJR $2.6B
FY20
CPK $488M
NJR $2.0B
FY21
CPK $570M
NJR $2.2B
FY22
CPK $681M
NJR $2.9B
FY23
CPK $671M
NJR $2.0B
FY24
CPK $787M
NJR $1.8B
FY25
CPK $930M
NJR $2.0B
CPK
NJR
FY16
CPK 17.2%
NJR 8.9%
FY17
CPK 20.0%
NJR 7.6%
FY18
CPK 19.3%
NJR 6.9%
FY19
CPK 22.2%
NJR 6.4%
FY20
CPK 23.1%
NJR 11.7%
FY21
CPK 23.0%
NJR 13.4%
FY22
CPK 21.0%
NJR 14.0%
FY23
CPK 22.5%
NJR 20.7%
FY24
CPK 29.0%
NJR 25.5%
FY25
CPK 27.5%
NJR 25.0%
CPK
NJR
FY16
CPK −$65.7M
NJR −$33.4M
FY17
CPK −$65.2M
NJR $104M
FY18
CPK −$123M
NJR $191M
FY19
CPK −$81.8M
NJR −$106M
FY20
CPK −$6.6M
NJR —
FY21
CPK −$36.4M
NJR —
FY22
CPK $30.6M
NJR —
FY23
CPK $14.9M
NJR —
FY24
CPK −$116M
NJR —
FY25
CPK −$215M
NJR —
CPK
NJR
FY16
CPK 7.1%
NJR 6.4%
FY17
CPK 8.3%
NJR 5.9%
FY18
CPK 6.7%
NJR 7.4%
FY19
CPK 6.5%
NJR 4.9%
FY20
CPK 6.3%
NJR 5.3%
FY21
CPK 6.6%
NJR 6.1%
FY22
CPK 6.5%
NJR 7.0%
FY23
CPK 5.4%
NJR 6.9%
FY24
CPK 6.1%
NJR 6.6%
FY25
CPK 6.1%
NJR 6.8%
CPK
NJR
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.