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Side-by-side financial comparison of ESAB Corp (ESAB) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $440.9M, roughly 1.7× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs 7.5%, a 20.2% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs 8.5%). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs 0.9%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
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.
ESAB vs NJR — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $440.9M |
| Net Profit | $54.8M | $122.5M |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | 40.6% |
| Net Margin | 7.5% | 27.8% |
| Revenue YoY | 8.5% | 22.8% |
| Net Profit YoY | 2.1% | -6.7% |
| EPS (diluted) | $0.90 | $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 | $727.8M | $440.9M | ||
| Q3 25 | $715.6M | $188.3M | ||
| Q2 25 | $678.1M | $234.8M | ||
| Q1 25 | — | $569.2M | ||
| Q4 24 | $670.8M | $359.0M | ||
| Q3 24 | $673.3M | $265.7M | ||
| Q2 24 | $707.1M | $209.9M | ||
| Q1 24 | $689.7M | $433.2M |
| Q4 25 | $54.8M | $122.5M | ||
| Q3 25 | $66.9M | $15.1M | ||
| Q2 25 | $67.4M | $-15.1M | ||
| Q1 25 | — | $204.3M | ||
| Q4 24 | $53.7M | $131.3M | ||
| Q3 24 | $68.2M | $91.1M | ||
| Q2 24 | $82.9M | $-11.6M | ||
| Q1 24 | $60.0M | $120.8M |
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 38.2% | — | ||
| Q1 24 | 37.0% | — |
| Q4 25 | 14.6% | 40.6% | ||
| Q3 25 | 15.2% | 21.5% | ||
| Q2 25 | 16.2% | -0.5% | ||
| Q1 25 | — | 49.2% | ||
| Q4 24 | 16.6% | 52.8% | ||
| Q3 24 | 15.7% | 55.0% | ||
| Q2 24 | 16.9% | 2.8% | ||
| Q1 24 | 16.0% | 39.3% |
| Q4 25 | 7.5% | 27.8% | ||
| Q3 25 | 9.3% | 8.0% | ||
| Q2 25 | 9.9% | -6.4% | ||
| Q1 25 | — | 35.9% | ||
| Q4 24 | 8.0% | 36.6% | ||
| Q3 24 | 10.1% | 34.3% | ||
| Q2 24 | 11.7% | -5.5% | ||
| Q1 24 | 8.7% | 27.9% |
| Q4 25 | $0.90 | $1.21 | ||
| Q3 25 | $1.09 | $0.15 | ||
| Q2 25 | $1.10 | $-0.15 | ||
| Q1 25 | — | $2.02 | ||
| Q4 24 | $0.87 | $1.31 | ||
| Q3 24 | $1.11 | $0.91 | ||
| Q2 24 | $1.35 | $-0.12 | ||
| Q1 24 | $0.98 | $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 | $218.2M | $2.4M |
| Total DebtLower is stronger | $1.3B | $3.3B |
| Stockholders' EquityBook value | $2.1B | $2.5B |
| Total Assets | $4.9B | $7.9B |
| Debt / EquityLower = less leverage | 0.63× | 1.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $2.4M | ||
| Q3 25 | $258.2M | $591.0K | ||
| Q2 25 | $291.3M | $931.0K | ||
| Q1 25 | — | $83.7M | ||
| Q4 24 | $249.4M | $1.9M | ||
| Q3 24 | $253.7M | $1.0M | ||
| Q2 24 | $228.5M | $22.4M | ||
| Q1 24 | $76.5M | $5.0M |
| Q4 25 | $1.3B | $3.3B | ||
| Q3 25 | $1.1B | $3.3B | ||
| Q2 25 | $1.1B | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $1.1B | $3.0B | ||
| Q3 24 | $1.1B | $2.9B | ||
| Q2 24 | $1.1B | $2.8B | ||
| Q1 24 | $992.8M | $2.7B |
| Q4 25 | $2.1B | $2.5B | ||
| Q3 25 | $2.1B | $2.4B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $1.8B | $2.3B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $1.7B | $2.1B | ||
| Q1 24 | $1.6B | $2.2B |
| Q4 25 | $4.9B | $7.9B | ||
| Q3 25 | $4.4B | $7.6B | ||
| Q2 25 | $4.2B | $7.3B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | $4.0B | $7.2B | ||
| Q3 24 | $4.1B | $7.0B | ||
| Q2 24 | $4.0B | $6.8B | ||
| Q1 24 | $3.8B | $6.6B |
| Q4 25 | 0.63× | 1.32× | ||
| Q3 25 | 0.51× | 1.36× | ||
| Q2 25 | 0.55× | 1.25× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 0.60× | 1.29× | ||
| Q3 24 | 0.59× | 1.31× | ||
| Q2 24 | 0.63× | 1.30× | ||
| Q1 24 | 0.61× | 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 | $81.5M | $26.7M |
| Free Cash FlowOCF − Capex | $70.3M | — |
| FCF MarginFCF / Revenue | 9.7% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.49× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $26.7M | ||
| Q3 25 | $46.6M | $81.2M | ||
| Q2 25 | $35.4M | $-28.9M | ||
| Q1 25 | — | $423.0M | ||
| Q4 24 | $126.9M | $-9.0M | ||
| Q3 24 | $101.0M | $64.5M | ||
| Q2 24 | $83.0M | $24.3M | ||
| Q1 24 | $44.5M | $292.2M |
| Q4 25 | $70.3M | — | ||
| Q3 25 | $37.4M | — | ||
| Q2 25 | $28.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $102.2M | — | ||
| Q3 24 | $90.4M | — | ||
| Q2 24 | $74.0M | — | ||
| Q1 24 | $37.1M | — |
| Q4 25 | 9.7% | — | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 13.4% | — | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 5.4% | — |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 1.49× | 0.22× | ||
| Q3 25 | 0.70× | 5.39× | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | — | 2.07× | ||
| Q4 24 | 2.36× | -0.07× | ||
| Q3 24 | 1.48× | 0.71× | ||
| Q2 24 | 1.00× | — | ||
| Q1 24 | 0.74× | 2.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
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% |
