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Side-by-side financial comparison of Clean Energy Technologies, Inc. (CETY) 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 ($440.9M vs $773.6K, roughly 570.0× Clean Energy Technologies, Inc.). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs -271.8%, a 299.6% gap on every dollar of revenue. On growth, Clean Energy Technologies, Inc. posted the faster year-over-year revenue change (228.9% vs 22.8%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (0.9% CAGR vs -26.1%).

Bloom Energy is an American public company that designs and manufactures solid oxide fuel cells (SOFCs) which independently produce electricity onsite for power generation in data centers, manufacturing, and other commercial sectors. Founded in 2001 and headquartered in San Jose, California; its fuel cell technology generates electricity through a chemical conversion process, which differs from most other power sources reliant on combustion, and can use natural gas, biogas or hydrogen as fuel...

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.

CETY vs NJR — Head-to-Head

Bigger by revenue
NJR
NJR
570.0× larger
NJR
$440.9M
$773.6K
CETY
Growing faster (revenue YoY)
CETY
CETY
+206.1% gap
CETY
228.9%
22.8%
NJR
Higher net margin
NJR
NJR
299.6% more per $
NJR
27.8%
-271.8%
CETY
Faster 2-yr revenue CAGR
NJR
NJR
Annualised
NJR
0.9%
-26.1%
CETY

Income Statement — Q3 2025 vs Q1 2026

Metric
CETY
CETY
NJR
NJR
Revenue
$773.6K
$440.9M
Net Profit
$-2.1M
$122.5M
Gross Margin
23.7%
Operating Margin
-172.6%
40.6%
Net Margin
-271.8%
27.8%
Revenue YoY
228.9%
22.8%
Net Profit YoY
-61.8%
-6.7%
EPS (diluted)
$-0.47
$1.21

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
CETY
CETY
NJR
NJR
Q4 25
$440.9M
Q3 25
$773.6K
$188.3M
Q2 25
$236.3K
$234.8M
Q1 25
$791.9K
$569.2M
Q4 24
$480.3K
$359.0M
Q3 24
$235.2K
$265.7M
Q2 24
$196.1K
$209.9M
Q1 24
$1.5M
$433.2M
Net Profit
CETY
CETY
NJR
NJR
Q4 25
$122.5M
Q3 25
$-2.1M
$15.1M
Q2 25
$-1.1M
$-15.1M
Q1 25
$-331.2K
$204.3M
Q4 24
$-865.6K
$131.3M
Q3 24
$-1.3M
$91.1M
Q2 24
$-831.9K
$-11.6M
Q1 24
$-1.4M
$120.8M
Gross Margin
CETY
CETY
NJR
NJR
Q4 25
Q3 25
23.7%
Q2 25
94.7%
Q1 25
92.0%
Q4 24
42.7%
Q3 24
90.4%
Q2 24
89.8%
Q1 24
16.7%
Operating Margin
CETY
CETY
NJR
NJR
Q4 25
40.6%
Q3 25
-172.6%
21.5%
Q2 25
-311.0%
-0.5%
Q1 25
-12.1%
49.2%
Q4 24
-116.3%
52.8%
Q3 24
-322.9%
55.0%
Q2 24
-496.6%
2.8%
Q1 24
-54.3%
39.3%
Net Margin
CETY
CETY
NJR
NJR
Q4 25
27.8%
Q3 25
-271.8%
8.0%
Q2 25
-460.8%
-6.4%
Q1 25
-41.8%
35.9%
Q4 24
-180.2%
36.6%
Q3 24
-552.5%
34.3%
Q2 24
-424.2%
-5.5%
Q1 24
-93.8%
27.9%
EPS (diluted)
CETY
CETY
NJR
NJR
Q4 25
$1.21
Q3 25
$-0.47
$0.15
Q2 25
$-0.02
$-0.15
Q1 25
$-0.01
$2.02
Q4 24
$0.40
$1.31
Q3 24
$-0.44
$0.91
Q2 24
$-0.02
$-0.12
Q1 24
$-0.04
$1.22

Balance Sheet & Financial Strength

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

Metric
CETY
CETY
NJR
NJR
Cash + ST InvestmentsLiquidity on hand
$234.9K
$2.4M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$7.1M
$2.5B
Total Assets
$14.8M
$7.9B
Debt / EquityLower = less leverage
1.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CETY
CETY
NJR
NJR
Q4 25
$2.4M
Q3 25
$234.9K
$591.0K
Q2 25
$233.4K
$931.0K
Q1 25
$83.7M
Q4 24
$62.1K
$1.9M
Q3 24
$1.0M
Q2 24
$22.4M
Q1 24
$5.0M
Total Debt
CETY
CETY
NJR
NJR
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
Q1 24
$2.7B
Stockholders' Equity
CETY
CETY
NJR
NJR
Q4 25
$2.5B
Q3 25
$7.1M
$2.4B
Q2 25
$7.8M
$2.4B
Q1 25
$3.0M
$2.5B
Q4 24
$2.9M
$2.3B
Q3 24
$3.6M
$2.2B
Q2 24
$4.6M
$2.1B
Q1 24
$4.4M
$2.2B
Total Assets
CETY
CETY
NJR
NJR
Q4 25
$7.9B
Q3 25
$14.8M
$7.6B
Q2 25
$14.8M
$7.3B
Q1 25
$10.1M
$7.3B
Q4 24
$9.5M
$7.2B
Q3 24
$9.4M
$7.0B
Q2 24
$9.3M
$6.8B
Q1 24
$9.0M
$6.6B
Debt / Equity
CETY
CETY
NJR
NJR
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×
Q1 24
1.25×

Cash Flow & Capital Efficiency

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

Metric
CETY
CETY
NJR
NJR
Operating Cash FlowLast quarter
$-4.7M
$26.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CETY
CETY
NJR
NJR
Q4 25
$26.7M
Q3 25
$-4.7M
$81.2M
Q2 25
$-780.9K
$-28.9M
Q1 25
$-776.0K
$423.0M
Q4 24
$-772.3K
$-9.0M
Q3 24
$-1.2M
$64.5M
Q2 24
$-740.4K
$24.3M
Q1 24
$-871.6K
$292.2M
Cash Conversion
CETY
CETY
NJR
NJR
Q4 25
0.22×
Q3 25
5.39×
Q2 25
Q1 25
2.07×
Q4 24
-0.07×
Q3 24
0.71×
Q2 24
Q1 24
2.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CETY
CETY

Segment breakdown not available.

NJR
NJR

Residential$284.1M64%
Commercialand Industrial$53.4M12%
Firm Transportation$34.7M8%
Storage And Transportation ST Segment$28.1M6%
Home Services And Other HSO$16.0M4%
Energy Services ES Segment$12.8M3%
Installationand Maintenance$6.6M1%
Electricity$5.6M1%
Renewable Energy Certificates$3.7M1%
Interruptibleand Offtariff$2.4M1%

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