New Jersey Resources vs Southwest Gas
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KIRA’s take AI analyst
I put New Jersey Resources and Southwest Gas 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 $1.9B for Southwest Gas.
- New Jersey Resources grew revenue faster (13.4%, against −21.6%).
- New Jersey Resources kept more of each dollar of sales as operating profit (25.0% operating margin, against 24.4%).
- New Jersey Resources earned a higher return on the capital invested in it (6.8%, against 4.7%).
- Investors pay more for each dollar of New Jersey Resources’s earnings: a P/E of 14.7x against 12.2x for Southwest Gas.
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
New Jersey Resources
NJR
6/9
Revenue growth5-year growthOperating marginReturn on capitalReturn on equityPiotroski F-score
Southwest Gas
SWX
3/9
Net marginNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | NJR FY25 | SWX FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.4B | $6.7B |
| Revenue | $2.0B | $1.9B |
| Free cash flow | — | −$252M |
| Net income | $336M | $440M |
| Growth | ||
| Revenue growth | 13.4% | −21.6% |
| 5-year growth | 0.8% | −10.1% |
| Share count change | 1.5% | 0.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 25.0% | 24.4% |
| Net margin | 16.5% | 22.7% |
| FCF margin | — | −13.0% |
| Return on capital | 6.8% | 4.7% |
| Return on equity | 14.6% | 11.8% |
| Balance sheet | ||
| Net debt | $3.6B | $2.9B |
| Net debt / EBITDA | 5.2x | 3.6x |
| Dividends and buybacks | $180M | $179M |
| Valuation & quality | ||
| P/E | 14.7x | 12.2x |
| Piotroski F-score | 7 | 6 |
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.