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Side-by-side financial comparison of CAL-MAINE FOODS INC (CALM) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.

NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($939.4M vs $769.5M, roughly 1.2× CAL-MAINE FOODS INC). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 13.4%, a 9.9% gap on every dollar of revenue. On growth, CAL-MAINE FOODS INC posted the faster year-over-year revenue change (-19.4% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% CAGR vs 29.4%).

Cal-Maine Foods, Inc. is an American fresh egg producer based in Ridgeland, Mississippi. As of 2024, it was the largest egg producer in the United States. Its eggs are sold under several different brand names, including Egg-Land's Best, Land O'Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4-Grain. The company was founded in 1957 by Fred R. Adams, Jr., whose family owns a controlling interest in the company, which is publicly traded on the NASDAQ stock exchange.

New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.

CALM vs NJR — Head-to-Head

Bigger by revenue
NJR
NJR
1.2× larger
NJR
$939.4M
$769.5M
CALM
Growing faster (revenue YoY)
CALM
CALM
+13.6% gap
CALM
-19.4%
-33.0%
NJR
Higher net margin
NJR
NJR
9.9% more per $
NJR
23.3%
13.4%
CALM
Faster 2-yr revenue CAGR
NJR
NJR
Annualised
NJR
111.6%
29.4%
CALM

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
CALM
CALM
NJR
NJR
Revenue
$769.5M
$939.4M
Net Profit
$102.8M
$218.9M
Gross Margin
27.0%
Operating Margin
16.1%
32.0%
Net Margin
13.4%
23.3%
Revenue YoY
-19.4%
-33.0%
Net Profit YoY
-53.1%
7.2%
EPS (diluted)
$2.13
$2.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CALM
CALM
NJR
NJR
Q1 26
$939.4M
Q4 25
$769.5M
$440.9M
Q3 25
$922.6M
$188.3M
Q2 25
$234.8M
Q1 25
$1.4B
$569.2M
Q4 24
$954.7M
$359.0M
Q3 24
$785.9M
$265.7M
Q2 24
$209.9M
Net Profit
CALM
CALM
NJR
NJR
Q1 26
$218.9M
Q4 25
$102.8M
$122.5M
Q3 25
$199.3M
$15.1M
Q2 25
$-15.1M
Q1 25
$508.5M
$204.3M
Q4 24
$219.1M
$131.3M
Q3 24
$150.0M
$91.1M
Q2 24
$-11.6M
Gross Margin
CALM
CALM
NJR
NJR
Q1 26
Q4 25
27.0%
Q3 25
33.7%
Q2 25
Q1 25
50.5%
Q4 24
37.3%
Q3 24
31.5%
Q2 24
Operating Margin
CALM
CALM
NJR
NJR
Q1 26
32.0%
Q4 25
16.1%
40.6%
Q3 25
27.0%
21.5%
Q2 25
-0.5%
Q1 25
44.8%
49.2%
Q4 24
29.1%
52.8%
Q3 24
23.8%
55.0%
Q2 24
2.8%
Net Margin
CALM
CALM
NJR
NJR
Q1 26
23.3%
Q4 25
13.4%
27.8%
Q3 25
21.6%
8.0%
Q2 25
-6.4%
Q1 25
35.9%
35.9%
Q4 24
22.9%
36.6%
Q3 24
19.1%
34.3%
Q2 24
-5.5%
EPS (diluted)
CALM
CALM
NJR
NJR
Q1 26
$2.16
Q4 25
$2.13
$1.21
Q3 25
$4.12
$0.15
Q2 25
$-0.15
Q1 25
$10.38
$2.02
Q4 24
$4.47
$1.31
Q3 24
$3.06
$0.91
Q2 24
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CALM
CALM
NJR
NJR
Cash + ST InvestmentsLiquidity on hand
$369.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
Total Assets
$3.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CALM
CALM
NJR
NJR
Q1 26
Q4 25
$369.4M
$2.4M
Q3 25
$251.9M
$591.0K
Q2 25
$931.0K
Q1 25
$497.2M
$83.7M
Q4 24
$140.3M
$1.9M
Q3 24
$181.7M
$1.0M
Q2 24
$22.4M
Total Debt
CALM
CALM
NJR
NJR
Q1 26
Q4 25
$3.3B
Q3 25
$3.3B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.9B
Q2 24
$2.8B
Stockholders' Equity
CALM
CALM
NJR
NJR
Q1 26
Q4 25
$2.7B
$2.5B
Q3 25
$2.7B
$2.4B
Q2 25
$2.4B
Q1 25
$2.4B
$2.5B
Q4 24
$2.0B
$2.3B
Q3 24
$1.9B
$2.2B
Q2 24
$2.1B
Total Assets
CALM
CALM
NJR
NJR
Q1 26
Q4 25
$3.1B
$7.9B
Q3 25
$3.2B
$7.6B
Q2 25
$7.3B
Q1 25
$3.1B
$7.3B
Q4 24
$2.5B
$7.2B
Q3 24
$2.4B
$7.0B
Q2 24
$6.8B
Debt / Equity
CALM
CALM
NJR
NJR
Q1 26
Q4 25
1.32×
Q3 25
1.36×
Q2 25
1.25×
Q1 25
1.20×
Q4 24
1.29×
Q3 24
1.31×
Q2 24
1.30×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CALM
CALM
NJR
NJR
Operating Cash FlowLast quarter
$94.8M
Free Cash FlowOCF − Capex
$47.9M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
6.1%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$895.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CALM
CALM
NJR
NJR
Q1 26
Q4 25
$94.8M
$26.7M
Q3 25
$278.6M
$81.2M
Q2 25
$-28.9M
Q1 25
$571.6M
$423.0M
Q4 24
$122.7M
$-9.0M
Q3 24
$117.5M
$64.5M
Q2 24
$24.3M
Free Cash Flow
CALM
CALM
NJR
NJR
Q1 26
Q4 25
$47.9M
Q3 25
$233.3M
Q2 25
Q1 25
$521.8M
Q4 24
$92.9M
Q3 24
$81.7M
Q2 24
FCF Margin
CALM
CALM
NJR
NJR
Q1 26
Q4 25
6.2%
Q3 25
25.3%
Q2 25
Q1 25
36.8%
Q4 24
9.7%
Q3 24
10.4%
Q2 24
Capex Intensity
CALM
CALM
NJR
NJR
Q1 26
Q4 25
6.1%
Q3 25
4.9%
Q2 25
Q1 25
3.5%
Q4 24
3.1%
Q3 24
4.6%
Q2 24
Cash Conversion
CALM
CALM
NJR
NJR
Q1 26
Q4 25
0.92×
0.22×
Q3 25
1.40×
5.39×
Q2 25
Q1 25
1.12×
2.07×
Q4 24
0.56×
-0.07×
Q3 24
0.78×
0.71×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CALM
CALM

Retail$625.4M81%
Prepared Foods$71.7M9%
Egg Products$34.5M4%
Service Other$19.2M2%
Other$13.8M2%

NJR
NJR

Utility$640.9M68%
Nonutility$298.5M32%

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