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Side-by-side financial comparison of Fabrinet (FN) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.

Fabrinet is the larger business by last-quarter revenue ($1.1B vs $939.4M, roughly 1.2× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 9.9%, a 13.4% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% CAGR vs 24.4%).

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

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.

FN vs NJR — Head-to-Head

Bigger by revenue
FN
FN
1.2× larger
FN
$1.1B
$939.4M
NJR
Growing faster (revenue YoY)
FN
FN
+68.9% gap
FN
35.9%
-33.0%
NJR
Higher net margin
NJR
NJR
13.4% more per $
NJR
23.3%
9.9%
FN
Faster 2-yr revenue CAGR
NJR
NJR
Annualised
NJR
111.6%
24.4%
FN

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
FN
FN
NJR
NJR
Revenue
$1.1B
$939.4M
Net Profit
$112.6M
$218.9M
Gross Margin
12.2%
Operating Margin
10.1%
32.0%
Net Margin
9.9%
23.3%
Revenue YoY
35.9%
-33.0%
Net Profit YoY
30.0%
7.2%
EPS (diluted)
$3.11
$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
FN
FN
NJR
NJR
Q1 26
$939.4M
Q4 25
$1.1B
$440.9M
Q3 25
$978.1M
$188.3M
Q2 25
$909.7M
$234.8M
Q1 25
$871.8M
$569.2M
Q4 24
$833.6M
$359.0M
Q3 24
$804.2M
$265.7M
Q2 24
$753.3M
$209.9M
Net Profit
FN
FN
NJR
NJR
Q1 26
$218.9M
Q4 25
$112.6M
$122.5M
Q3 25
$95.9M
$15.1M
Q2 25
$87.2M
$-15.1M
Q1 25
$81.3M
$204.3M
Q4 24
$86.6M
$131.3M
Q3 24
$77.4M
$91.1M
Q2 24
$81.1M
$-11.6M
Gross Margin
FN
FN
NJR
NJR
Q1 26
Q4 25
12.2%
Q3 25
11.9%
Q2 25
12.2%
Q1 25
11.7%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
12.3%
Operating Margin
FN
FN
NJR
NJR
Q1 26
32.0%
Q4 25
10.1%
40.6%
Q3 25
9.6%
21.5%
Q2 25
9.8%
-0.5%
Q1 25
9.0%
49.2%
Q4 24
9.5%
52.8%
Q3 24
9.6%
55.0%
Q2 24
9.7%
2.8%
Net Margin
FN
FN
NJR
NJR
Q1 26
23.3%
Q4 25
9.9%
27.8%
Q3 25
9.8%
8.0%
Q2 25
9.6%
-6.4%
Q1 25
9.3%
35.9%
Q4 24
10.4%
36.6%
Q3 24
9.6%
34.3%
Q2 24
10.8%
-5.5%
EPS (diluted)
FN
FN
NJR
NJR
Q1 26
$2.16
Q4 25
$3.11
$1.21
Q3 25
$2.66
$0.15
Q2 25
$2.41
$-0.15
Q1 25
$2.25
$2.02
Q4 24
$2.38
$1.31
Q3 24
$2.13
$0.91
Q2 24
$2.22
$-0.12

Balance Sheet & Financial Strength

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

Metric
FN
FN
NJR
NJR
Cash + ST InvestmentsLiquidity on hand
$960.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
Total Assets
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FN
FN
NJR
NJR
Q1 26
Q4 25
$960.8M
$2.4M
Q3 25
$968.8M
$591.0K
Q2 25
$934.2M
$931.0K
Q1 25
$950.7M
$83.7M
Q4 24
$934.6M
$1.9M
Q3 24
$908.9M
$1.0M
Q2 24
$858.6M
$22.4M
Total Debt
FN
FN
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
FN
FN
NJR
NJR
Q1 26
Q4 25
$2.2B
$2.5B
Q3 25
$2.1B
$2.4B
Q2 25
$2.0B
$2.4B
Q1 25
$1.9B
$2.5B
Q4 24
$1.8B
$2.3B
Q3 24
$1.8B
$2.2B
Q2 24
$1.7B
$2.1B
Total Assets
FN
FN
NJR
NJR
Q1 26
Q4 25
$3.3B
$7.9B
Q3 25
$3.0B
$7.6B
Q2 25
$2.8B
$7.3B
Q1 25
$2.6B
$7.3B
Q4 24
$2.5B
$7.2B
Q3 24
$2.4B
$7.0B
Q2 24
$2.3B
$6.8B
Debt / Equity
FN
FN
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
FN
FN
NJR
NJR
Operating Cash FlowLast quarter
$46.3M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
0.41×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FN
FN
NJR
NJR
Q1 26
Q4 25
$46.3M
$26.7M
Q3 25
$102.6M
$81.2M
Q2 25
$55.1M
$-28.9M
Q1 25
$74.2M
$423.0M
Q4 24
$115.9M
$-9.0M
Q3 24
$83.2M
$64.5M
Q2 24
$83.1M
$24.3M
Free Cash Flow
FN
FN
NJR
NJR
Q1 26
Q4 25
$-5.3M
Q3 25
$57.3M
Q2 25
$4.7M
Q1 25
$45.7M
Q4 24
$94.0M
Q3 24
$62.9M
Q2 24
$70.4M
FCF Margin
FN
FN
NJR
NJR
Q1 26
Q4 25
-0.5%
Q3 25
5.9%
Q2 25
0.5%
Q1 25
5.2%
Q4 24
11.3%
Q3 24
7.8%
Q2 24
9.3%
Capex Intensity
FN
FN
NJR
NJR
Q1 26
Q4 25
4.6%
Q3 25
4.6%
Q2 25
5.5%
Q1 25
3.3%
Q4 24
2.6%
Q3 24
2.5%
Q2 24
1.7%
Cash Conversion
FN
FN
NJR
NJR
Q1 26
Q4 25
0.41×
0.22×
Q3 25
1.07×
5.39×
Q2 25
0.63×
Q1 25
0.91×
2.07×
Q4 24
1.34×
-0.07×
Q3 24
1.07×
0.71×
Q2 24
1.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

NJR
NJR

Utility$640.9M68%
Nonutility$298.5M32%

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