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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and ONESPAWORLD HOLDINGS Ltd (OSW). 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 $242.1M, roughly 1.8× ONESPAWORLD HOLDINGS Ltd). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs 5.0%, a 22.8% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs 11.5%). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.
NJR vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $440.9M | $242.1M |
| Net Profit | $122.5M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 40.6% | 6.8% |
| Net Margin | 27.8% | 5.0% |
| Revenue YoY | 22.8% | 11.5% |
| Net Profit YoY | -6.7% | -16.2% |
| EPS (diluted) | $1.21 | $0.12 |
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 | $440.9M | $242.1M | ||
| Q3 25 | $188.3M | $258.5M | ||
| Q2 25 | $234.8M | $240.7M | ||
| Q1 25 | $569.2M | $219.6M | ||
| Q4 24 | $359.0M | $217.2M | ||
| Q3 24 | $265.7M | $241.7M | ||
| Q2 24 | $209.9M | $224.9M | ||
| Q1 24 | $433.2M | $211.2M |
| Q4 25 | $122.5M | $12.1M | ||
| Q3 25 | $15.1M | $24.3M | ||
| Q2 25 | $-15.1M | $19.9M | ||
| Q1 25 | $204.3M | $15.3M | ||
| Q4 24 | $131.3M | $14.4M | ||
| Q3 24 | $91.1M | $21.6M | ||
| Q2 24 | $-11.6M | $15.8M | ||
| Q1 24 | $120.8M | $21.2M |
| Q4 25 | 40.6% | 6.8% | ||
| Q3 25 | 21.5% | 10.2% | ||
| Q2 25 | -0.5% | 9.2% | ||
| Q1 25 | 49.2% | 7.7% | ||
| Q4 24 | 52.8% | 7.9% | ||
| Q3 24 | 55.0% | 10.3% | ||
| Q2 24 | 2.8% | 8.4% | ||
| Q1 24 | 39.3% | 8.0% |
| Q4 25 | 27.8% | 5.0% | ||
| Q3 25 | 8.0% | 9.4% | ||
| Q2 25 | -6.4% | 8.3% | ||
| Q1 25 | 35.9% | 7.0% | ||
| Q4 24 | 36.6% | 6.6% | ||
| Q3 24 | 34.3% | 8.9% | ||
| Q2 24 | -5.5% | 7.0% | ||
| Q1 24 | 27.9% | 10.0% |
| Q4 25 | $1.21 | $0.12 | ||
| Q3 25 | $0.15 | $0.23 | ||
| Q2 25 | $-0.15 | $0.19 | ||
| Q1 25 | $2.02 | $0.15 | ||
| Q4 24 | $1.31 | $0.13 | ||
| Q3 24 | $0.91 | $0.20 | ||
| Q2 24 | $-0.12 | $0.15 | ||
| Q1 24 | $1.22 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.4M | $16.3M |
| Total DebtLower is stronger | $3.3B | $84.0M |
| Stockholders' EquityBook value | $2.5B | $542.6M |
| Total Assets | $7.9B | $707.1M |
| Debt / EquityLower = less leverage | 1.32× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $16.3M | ||
| Q3 25 | $591.0K | $29.6M | ||
| Q2 25 | $931.0K | $35.0M | ||
| Q1 25 | $83.7M | $22.6M | ||
| Q4 24 | $1.9M | $57.4M | ||
| Q3 24 | $1.0M | $48.8M | ||
| Q2 24 | $22.4M | $62.5M | ||
| Q1 24 | $5.0M | $65.4M |
| Q4 25 | $3.3B | $84.0M | ||
| Q3 25 | $3.3B | $85.2M | ||
| Q2 25 | $3.0B | $96.2M | ||
| Q1 25 | $3.0B | $97.4M | ||
| Q4 24 | $3.0B | $98.6M | ||
| Q3 24 | $2.9B | $98.7M | ||
| Q2 24 | $2.8B | $123.8M | ||
| Q1 24 | $2.7B | $138.6M |
| Q4 25 | $2.5B | $542.6M | ||
| Q3 25 | $2.4B | $552.8M | ||
| Q2 25 | $2.4B | $548.3M | ||
| Q1 25 | $2.5B | $530.6M | ||
| Q4 24 | $2.3B | $554.5M | ||
| Q3 24 | $2.2B | $540.1M | ||
| Q2 24 | $2.1B | $532.7M | ||
| Q1 24 | $2.2B | $515.5M |
| Q4 25 | $7.9B | $707.1M | ||
| Q3 25 | $7.6B | $732.6M | ||
| Q2 25 | $7.3B | $731.8M | ||
| Q1 25 | $7.3B | $708.7M | ||
| Q4 24 | $7.2B | $746.4M | ||
| Q3 24 | $7.0B | $734.0M | ||
| Q2 24 | $6.8B | $756.8M | ||
| Q1 24 | $6.6B | $763.6M |
| Q4 25 | 1.32× | 0.15× | ||
| Q3 25 | 1.36× | 0.15× | ||
| Q2 25 | 1.25× | 0.18× | ||
| Q1 25 | 1.20× | 0.18× | ||
| Q4 24 | 1.29× | 0.18× | ||
| Q3 24 | 1.31× | 0.18× | ||
| Q2 24 | 1.30× | 0.23× | ||
| Q1 24 | 1.25× | 0.27× |
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 | $26.7M | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 0.22× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $20.0M | ||
| Q3 25 | $81.2M | $33.2M | ||
| Q2 25 | $-28.9M | $20.3M | ||
| Q1 25 | $423.0M | $10.1M | ||
| Q4 24 | $-9.0M | $16.6M | ||
| Q3 24 | $64.5M | $28.6M | ||
| Q2 24 | $24.3M | $18.7M | ||
| Q1 24 | $292.2M | $15.0M |
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $17.6M | ||
| Q1 24 | — | $13.7M |
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 6.5% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 0.22× | 1.65× | ||
| Q3 25 | 5.39× | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | 2.07× | 0.66× | ||
| Q4 24 | -0.07× | 1.15× | ||
| Q3 24 | 0.71× | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | 2.42× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
