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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($939.4M vs $387.0M, roughly 2.4× Paylocity Holding Corp). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 13.0%, a 10.3% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% CAGR vs 2.7%).
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.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
NJR vs PCTY — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $939.4M | $387.0M |
| Net Profit | $218.9M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | 32.0% | 18.2% |
| Net Margin | 23.3% | 13.0% |
| Revenue YoY | -33.0% | 11.3% |
| Net Profit YoY | 7.2% | 34.0% |
| EPS (diluted) | $2.16 | $0.92 |
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.
| Q1 26 | $939.4M | — | ||
| Q4 25 | $440.9M | $387.0M | ||
| Q3 25 | $188.3M | $378.9M | ||
| Q2 25 | $234.8M | $369.9M | ||
| Q1 25 | $569.2M | $421.1M | ||
| Q4 24 | $359.0M | $347.7M | ||
| Q3 24 | $265.7M | $333.1M | ||
| Q2 24 | $209.9M | $324.7M |
| Q1 26 | $218.9M | — | ||
| Q4 25 | $122.5M | $50.2M | ||
| Q3 25 | $15.1M | $48.0M | ||
| Q2 25 | $-15.1M | $48.6M | ||
| Q1 25 | $204.3M | $91.5M | ||
| Q4 24 | $131.3M | $37.5M | ||
| Q3 24 | $91.1M | $49.6M | ||
| Q2 24 | $-11.6M | $48.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% |
| Q1 26 | 32.0% | — | ||
| Q4 25 | 40.6% | 18.2% | ||
| Q3 25 | 21.5% | 19.6% | ||
| Q2 25 | -0.5% | 17.9% | ||
| Q1 25 | 49.2% | 30.2% | ||
| Q4 24 | 52.8% | 13.4% | ||
| Q3 24 | 55.0% | 19.3% | ||
| Q2 24 | 2.8% | 19.4% |
| Q1 26 | 23.3% | — | ||
| Q4 25 | 27.8% | 13.0% | ||
| Q3 25 | 8.0% | 12.7% | ||
| Q2 25 | -6.4% | 13.1% | ||
| Q1 25 | 35.9% | 21.7% | ||
| Q4 24 | 36.6% | 10.8% | ||
| Q3 24 | 34.3% | 14.9% | ||
| Q2 24 | -5.5% | 15.0% |
| Q1 26 | $2.16 | — | ||
| Q4 25 | $1.21 | $0.92 | ||
| Q3 25 | $0.15 | $0.86 | ||
| Q2 25 | $-0.15 | $0.87 | ||
| Q1 25 | $2.02 | $1.61 | ||
| Q4 24 | $1.31 | $0.66 | ||
| Q3 24 | $0.91 | $0.88 | ||
| Q2 24 | $-0.12 | $0.85 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | — | $1.1B |
| Total Assets | — | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.4M | $162.5M | ||
| Q3 25 | $591.0K | $165.2M | ||
| Q2 25 | $931.0K | $398.1M | ||
| Q1 25 | $83.7M | $477.8M | ||
| Q4 24 | $1.9M | $482.4M | ||
| Q3 24 | $1.0M | $778.5M | ||
| Q2 24 | $22.4M | $401.8M |
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $81.3M | ||
| Q3 25 | $3.3B | $81.3M | ||
| Q2 25 | $3.0B | $162.5M | ||
| Q1 25 | $3.0B | $243.8M | ||
| Q4 24 | $3.0B | $325.0M | ||
| Q3 24 | $2.9B | $325.0M | ||
| Q2 24 | $2.8B | $0 |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.1B | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $2.4B | $1.2B | ||
| Q1 25 | $2.5B | $1.2B | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.1B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | $7.9B | $7.0B | ||
| Q3 25 | $7.6B | $4.2B | ||
| Q2 25 | $7.3B | $4.4B | ||
| Q1 25 | $7.3B | $5.2B | ||
| Q4 24 | $7.2B | $5.3B | ||
| Q3 24 | $7.0B | $4.0B | ||
| Q2 24 | $6.8B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.32× | 0.07× | ||
| Q3 25 | 1.36× | 0.07× | ||
| Q2 25 | 1.25× | 0.13× | ||
| Q1 25 | 1.20× | 0.20× | ||
| Q4 24 | 1.29× | 0.28× | ||
| Q3 24 | 1.31× | 0.29× | ||
| Q2 24 | 1.30× | 0.00× |
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 | — | $117.0M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 29.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $117.0M | ||
| Q3 25 | $81.2M | $86.5M | ||
| Q2 25 | $-28.9M | $86.6M | ||
| Q1 25 | $423.0M | $186.0M | ||
| Q4 24 | $-9.0M | $54.2M | ||
| Q3 24 | $64.5M | $91.5M | ||
| Q2 24 | $24.3M | $79.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $82.7M | ||
| Q2 25 | — | $81.1M | ||
| Q1 25 | — | $183.7M | ||
| Q4 24 | — | $51.2M | ||
| Q3 24 | — | $89.1M | ||
| Q2 24 | — | $73.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 29.4% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 22.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.22× | 2.33× | ||
| Q3 25 | 5.39× | 1.80× | ||
| Q2 25 | — | 1.78× | ||
| Q1 25 | 2.07× | 2.03× | ||
| Q4 24 | -0.07× | 1.45× | ||
| Q3 24 | 0.71× | 1.84× | ||
| Q2 24 | — | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NJR
| Utility | $640.9M | 68% |
| Nonutility | $298.5M | 32% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
