New Jersey Resources vs NW Natural
Add, change or remove companies; up to four.
KIRA’s take AI analyst
I put New Jersey Resources and NW Natural side by side, using each one’s latest annual report. Here is what stands out:
- New Jersey Resources is the larger business, with $2.0B of revenue in fiscal 2025 against $1.3B for NW Natural, about 1.6 times as much.
- New Jersey Resources grew revenue faster (13.4%, against 11.8%).
- New Jersey Resources kept more of each dollar of sales as operating profit (25.0% operating margin, against 21.8%).
- New Jersey Resources earned a higher return on the capital invested in it (6.8%, against 5.7%).
- Investors pay more for each dollar of NW Natural’s earnings: a P/E of 16.5x against 14.7x for New Jersey Resources.
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
New Jersey Resources
NJR
8/9
Revenue growthOperating marginNet marginReturn on capitalReturn on equityPiotroski F-scoreNet debt / EBITDAShare count change
NW Natural
NWN
1/9
5-year growth
Side by side
Best in the row
| Latest fiscal year | NJR FY25 | NWN FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.4B | $2.1B |
| Revenue | $2.0B | $1.3B |
| Free cash flow | — | −$198M |
| Net income | $336M | $113M |
| Growth | ||
| Revenue growth | 13.4% | 11.8% |
| 5-year growth | 0.8% | 10.8% |
| Share count change | 1.5% | 5.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 25.0% | 21.8% |
| Net margin | 16.5% | 8.8% |
| FCF margin | — | −15.3% |
| Return on capital | 6.8% | 5.7% |
| Return on equity | 14.6% | 7.9% |
| Balance sheet | ||
| Net debt | $3.6B | $2.6B |
| Net debt / EBITDA | 5.2x | 5.8x |
| Dividends and buybacks | $180M | $77.3M |
| Valuation & quality | ||
| P/E | 14.7x | 16.5x |
| Piotroski F-score | 7 | 5 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.