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

Organon & Co. is the larger business by last-quarter revenue ($1.5B vs $939.4M, roughly 1.6× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs -13.6%, a 36.9% gap on every dollar of revenue. On growth, Organon & Co. posted the faster year-over-year revenue change (-5.3% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% CAGR vs -3.6%).

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.

Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.

NJR vs OGN — Head-to-Head

Bigger by revenue
OGN
OGN
1.6× larger
OGN
$1.5B
$939.4M
NJR
Growing faster (revenue YoY)
OGN
OGN
+27.6% gap
OGN
-5.3%
-33.0%
NJR
Higher net margin
NJR
NJR
36.9% more per $
NJR
23.3%
-13.6%
OGN
Faster 2-yr revenue CAGR
NJR
NJR
Annualised
NJR
111.6%
-3.6%
OGN

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
NJR
NJR
OGN
OGN
Revenue
$939.4M
$1.5B
Net Profit
$218.9M
$-205.0M
Gross Margin
49.2%
Operating Margin
32.0%
-9.8%
Net Margin
23.3%
-13.6%
Revenue YoY
-33.0%
-5.3%
Net Profit YoY
7.2%
-288.1%
EPS (diluted)
$2.16
$-0.78

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
NJR
NJR
OGN
OGN
Q1 26
$939.4M
Q4 25
$440.9M
$1.5B
Q3 25
$188.3M
$1.6B
Q2 25
$234.8M
$1.6B
Q1 25
$569.2M
$1.5B
Q4 24
$359.0M
$1.6B
Q3 24
$265.7M
$1.6B
Q2 24
$209.9M
$1.6B
Net Profit
NJR
NJR
OGN
OGN
Q1 26
$218.9M
Q4 25
$122.5M
$-205.0M
Q3 25
$15.1M
$160.0M
Q2 25
$-15.1M
$145.0M
Q1 25
$204.3M
$87.0M
Q4 24
$131.3M
$109.0M
Q3 24
$91.1M
$359.0M
Q2 24
$-11.6M
$195.0M
Gross Margin
NJR
NJR
OGN
OGN
Q1 26
Q4 25
49.2%
Q3 25
53.5%
Q2 25
54.8%
Q1 25
55.6%
Q4 24
56.3%
Q3 24
58.3%
Q2 24
58.4%
Operating Margin
NJR
NJR
OGN
OGN
Q1 26
32.0%
Q4 25
40.6%
-9.8%
Q3 25
21.5%
15.2%
Q2 25
-0.5%
14.4%
Q1 25
49.2%
6.7%
Q4 24
52.8%
8.1%
Q3 24
55.0%
13.1%
Q2 24
2.8%
14.6%
Net Margin
NJR
NJR
OGN
OGN
Q1 26
23.3%
Q4 25
27.8%
-13.6%
Q3 25
8.0%
10.0%
Q2 25
-6.4%
9.1%
Q1 25
35.9%
5.8%
Q4 24
36.6%
6.8%
Q3 24
34.3%
22.7%
Q2 24
-5.5%
12.1%
EPS (diluted)
NJR
NJR
OGN
OGN
Q1 26
$2.16
Q4 25
$1.21
$-0.78
Q3 25
$0.15
$0.61
Q2 25
$-0.15
$0.56
Q1 25
$2.02
$0.33
Q4 24
$1.31
$0.42
Q3 24
$0.91
$1.38
Q2 24
$-0.12
$0.75

Balance Sheet & Financial Strength

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

Metric
NJR
NJR
OGN
OGN
Cash + ST InvestmentsLiquidity on hand
$574.0M
Total DebtLower is stronger
$8.6B
Stockholders' EquityBook value
$752.0M
Total Assets
$12.9B
Debt / EquityLower = less leverage
11.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NJR
NJR
OGN
OGN
Q1 26
Q4 25
$2.4M
$574.0M
Q3 25
$591.0K
$672.0M
Q2 25
$931.0K
$599.0M
Q1 25
$83.7M
$547.0M
Q4 24
$1.9M
$675.0M
Q3 24
$1.0M
$763.0M
Q2 24
$22.4M
$704.0M
Total Debt
NJR
NJR
OGN
OGN
Q1 26
Q4 25
$3.3B
$8.6B
Q3 25
$3.3B
$8.8B
Q2 25
$3.0B
$8.9B
Q1 25
$3.0B
$9.0B
Q4 24
$3.0B
$8.9B
Q3 24
$2.9B
$8.7B
Q2 24
$2.8B
$8.7B
Stockholders' Equity
NJR
NJR
OGN
OGN
Q1 26
Q4 25
$2.5B
$752.0M
Q3 25
$2.4B
$906.0M
Q2 25
$2.4B
$733.0M
Q1 25
$2.5B
$542.0M
Q4 24
$2.3B
$472.0M
Q3 24
$2.2B
$493.0M
Q2 24
$2.1B
$144.0M
Total Assets
NJR
NJR
OGN
OGN
Q1 26
Q4 25
$7.9B
$12.9B
Q3 25
$7.6B
$13.6B
Q2 25
$7.3B
$13.5B
Q1 25
$7.3B
$13.2B
Q4 24
$7.2B
$13.1B
Q3 24
$7.0B
$12.8B
Q2 24
$6.8B
$12.2B
Debt / Equity
NJR
NJR
OGN
OGN
Q1 26
Q4 25
1.32×
11.49×
Q3 25
1.36×
9.74×
Q2 25
1.25×
12.14×
Q1 25
1.20×
16.52×
Q4 24
1.29×
18.81×
Q3 24
1.31×
17.75×
Q2 24
1.30×
60.11×

Cash Flow & Capital Efficiency

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

Metric
NJR
NJR
OGN
OGN
Operating Cash FlowLast quarter
$141.0M
Free Cash FlowOCF − Capex
$96.0M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$538.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NJR
NJR
OGN
OGN
Q1 26
Q4 25
$26.7M
$141.0M
Q3 25
$81.2M
$264.0M
Q2 25
$-28.9M
$220.0M
Q1 25
$423.0M
$75.0M
Q4 24
$-9.0M
$390.0M
Q3 24
$64.5M
$141.0M
Q2 24
$24.3M
$332.0M
Free Cash Flow
NJR
NJR
OGN
OGN
Q1 26
Q4 25
$96.0M
Q3 25
$218.0M
Q2 25
$181.0M
Q1 25
$43.0M
Q4 24
$335.0M
Q3 24
$99.0M
Q2 24
$300.0M
FCF Margin
NJR
NJR
OGN
OGN
Q1 26
Q4 25
6.4%
Q3 25
13.6%
Q2 25
11.4%
Q1 25
2.8%
Q4 24
21.0%
Q3 24
6.3%
Q2 24
18.7%
Capex Intensity
NJR
NJR
OGN
OGN
Q1 26
Q4 25
3.0%
Q3 25
2.9%
Q2 25
2.4%
Q1 25
2.1%
Q4 24
3.5%
Q3 24
2.7%
Q2 24
2.0%
Cash Conversion
NJR
NJR
OGN
OGN
Q1 26
Q4 25
0.22×
Q3 25
5.39×
1.65×
Q2 25
1.52×
Q1 25
2.07×
0.86×
Q4 24
-0.07×
3.58×
Q3 24
0.71×
0.39×
Q2 24
1.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NJR
NJR

Utility$640.9M68%
Nonutility$298.5M32%

OGN
OGN

Segment breakdown not available.

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