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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) 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 $233.0M, roughly 1.9× CSW INDUSTRIALS, INC.). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs 4.4%, a 23.4% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs 20.3%). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs 0.9%).
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.
CSW vs NJR — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $440.9M |
| Net Profit | $10.3M | $122.5M |
| Gross Margin | 39.7% | — |
| Operating Margin | 7.4% | 40.6% |
| Net Margin | 4.4% | 27.8% |
| Revenue YoY | 20.3% | 22.8% |
| Net Profit YoY | -61.9% | -6.7% |
| EPS (diluted) | $0.62 | $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.
| Q4 25 | $233.0M | $440.9M | ||
| Q3 25 | $277.0M | $188.3M | ||
| Q2 25 | $263.6M | $234.8M | ||
| Q1 25 | $230.5M | $569.2M | ||
| Q4 24 | $193.6M | $359.0M | ||
| Q3 24 | $227.9M | $265.7M | ||
| Q2 24 | $226.2M | $209.9M | ||
| Q1 24 | $210.9M | $433.2M |
| Q4 25 | $10.3M | $122.5M | ||
| Q3 25 | $40.7M | $15.1M | ||
| Q2 25 | $40.9M | $-15.1M | ||
| Q1 25 | $35.1M | $204.3M | ||
| Q4 24 | $26.9M | $131.3M | ||
| Q3 24 | $36.1M | $91.1M | ||
| Q2 24 | $38.6M | $-11.6M | ||
| Q1 24 | $31.8M | $120.8M |
| Q4 25 | 39.7% | — | ||
| Q3 25 | 43.0% | — | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 41.4% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 44.4% | — |
| Q4 25 | 7.4% | 40.6% | ||
| Q3 25 | 20.5% | 21.5% | ||
| Q2 25 | 20.8% | -0.5% | ||
| Q1 25 | 19.5% | 49.2% | ||
| Q4 24 | 15.3% | 52.8% | ||
| Q3 24 | 22.6% | 55.0% | ||
| Q2 24 | 24.3% | 2.8% | ||
| Q1 24 | 21.0% | 39.3% |
| Q4 25 | 4.4% | 27.8% | ||
| Q3 25 | 14.7% | 8.0% | ||
| Q2 25 | 15.5% | -6.4% | ||
| Q1 25 | 15.2% | 35.9% | ||
| Q4 24 | 13.9% | 36.6% | ||
| Q3 24 | 15.8% | 34.3% | ||
| Q2 24 | 17.1% | -5.5% | ||
| Q1 24 | 15.1% | 27.9% |
| Q4 25 | $0.62 | $1.21 | ||
| Q3 25 | $2.41 | $0.15 | ||
| Q2 25 | $2.43 | $-0.15 | ||
| Q1 25 | $2.05 | $2.02 | ||
| Q4 24 | $1.60 | $1.31 | ||
| Q3 24 | $2.26 | $0.91 | ||
| Q2 24 | $2.47 | $-0.12 | ||
| Q1 24 | $2.03 | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.2M | $2.4M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $1.1B | $2.5B |
| Total Assets | $2.3B | $7.9B |
| Debt / EquityLower = less leverage | — | 1.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $2.4M | ||
| Q3 25 | $31.5M | $591.0K | ||
| Q2 25 | $38.0M | $931.0K | ||
| Q1 25 | $225.8M | $83.7M | ||
| Q4 24 | $213.8M | $1.9M | ||
| Q3 24 | $273.2M | $1.0M | ||
| Q2 24 | $18.9M | $22.4M | ||
| Q1 24 | $22.2M | $5.0M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | $800.1M | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | $166.0M | $2.7B |
| Q4 25 | $1.1B | $2.5B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $1.1B | $2.5B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $650.2M | $2.1B | ||
| Q1 24 | $615.7M | $2.2B |
| Q4 25 | $2.3B | $7.9B | ||
| Q3 25 | $1.5B | $7.6B | ||
| Q2 25 | $1.5B | $7.3B | ||
| Q1 25 | $1.4B | $7.3B | ||
| Q4 24 | $1.4B | $7.2B | ||
| Q3 24 | $1.4B | $7.0B | ||
| Q2 24 | $1.1B | $6.8B | ||
| Q1 24 | $1.0B | $6.6B |
| Q4 25 | — | 1.32× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | 0.75× | 1.20× | ||
| Q4 24 | — | 1.29× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | 0.27× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $28.9M | $26.7M |
| Free Cash FlowOCF − Capex | $22.7M | — |
| FCF MarginFCF / Revenue | 9.8% | — |
| Capex IntensityCapex / Revenue | 2.6% | — |
| Cash ConversionOCF / Net Profit | 2.81× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $26.7M | ||
| Q3 25 | $61.8M | $81.2M | ||
| Q2 25 | $60.6M | $-28.9M | ||
| Q1 25 | $27.3M | $423.0M | ||
| Q4 24 | $11.6M | $-9.0M | ||
| Q3 24 | $66.8M | $64.5M | ||
| Q2 24 | $62.7M | $24.3M | ||
| Q1 24 | $22.4M | $292.2M |
| Q4 25 | $22.7M | — | ||
| Q3 25 | $58.7M | — | ||
| Q2 25 | $57.7M | — | ||
| Q1 25 | $22.8M | — | ||
| Q4 24 | $8.5M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $59.6M | — | ||
| Q1 24 | $17.5M | — |
| Q4 25 | 9.8% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 26.3% | — | ||
| Q1 24 | 8.3% | — |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 2.3% | — |
| Q4 25 | 2.81× | 0.22× | ||
| Q3 25 | 1.52× | 5.39× | ||
| Q2 25 | 1.48× | — | ||
| Q1 25 | 0.78× | 2.07× | ||
| Q4 24 | 0.43× | -0.07× | ||
| Q3 24 | 1.85× | 0.71× | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 0.71× | 2.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
NJR
| Residential | $284.1M | 64% |
| Commercialand Industrial | $53.4M | 12% |
| Firm Transportation | $34.7M | 8% |
| Storage And Transportation ST Segment | $28.1M | 6% |
| Home Services And Other HSO | $16.0M | 4% |
| Energy Services ES Segment | $12.8M | 3% |
| Installationand Maintenance | $6.6M | 1% |
| Electricity | $5.6M | 1% |
| Renewable Energy Certificates | $3.7M | 1% |
| Interruptibleand Offtariff | $2.4M | 1% |
