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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Palomar Holdings, Inc. (PLMR). 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 $253.4M, roughly 1.7× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 22.8%). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
NJR vs PLMR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $440.9M | $253.4M |
| Net Profit | $122.5M | — |
| Gross Margin | — | — |
| Operating Margin | 40.6% | 28.7% |
| Net Margin | 27.8% | — |
| Revenue YoY | 22.8% | 62.7% |
| Net Profit YoY | -6.7% | — |
| EPS (diluted) | $1.21 | $2.05 |
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 | $253.4M | ||
| Q3 25 | $188.3M | $244.7M | ||
| Q2 25 | $234.8M | $203.3M | ||
| Q1 25 | $569.2M | $174.6M | ||
| Q4 24 | $359.0M | $155.8M | ||
| Q3 24 | $265.7M | $148.5M | ||
| Q2 24 | $209.9M | $131.1M | ||
| Q1 24 | $433.2M | $118.5M |
| Q4 25 | $122.5M | — | ||
| Q3 25 | $15.1M | $51.5M | ||
| Q2 25 | $-15.1M | $46.5M | ||
| Q1 25 | $204.3M | $42.9M | ||
| Q4 24 | $131.3M | — | ||
| Q3 24 | $91.1M | $30.5M | ||
| Q2 24 | $-11.6M | $25.7M | ||
| Q1 24 | $120.8M | $26.4M |
| Q4 25 | 40.6% | 28.7% | ||
| Q3 25 | 21.5% | 27.4% | ||
| Q2 25 | -0.5% | 29.5% | ||
| Q1 25 | 49.2% | 30.8% | ||
| Q4 24 | 52.8% | 28.9% | ||
| Q3 24 | 55.0% | 25.9% | ||
| Q2 24 | 2.8% | 25.5% | ||
| Q1 24 | 39.3% | 29.0% |
| Q4 25 | 27.8% | — | ||
| Q3 25 | 8.0% | 21.0% | ||
| Q2 25 | -6.4% | 22.9% | ||
| Q1 25 | 35.9% | 24.6% | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 34.3% | 20.5% | ||
| Q2 24 | -5.5% | 19.6% | ||
| Q1 24 | 27.9% | 22.3% |
| Q4 25 | $1.21 | $2.05 | ||
| Q3 25 | $0.15 | $1.87 | ||
| Q2 25 | $-0.15 | $1.68 | ||
| Q1 25 | $2.02 | $1.57 | ||
| Q4 24 | $1.31 | $1.29 | ||
| Q3 24 | $0.91 | $1.15 | ||
| Q2 24 | $-0.12 | $1.00 | ||
| Q1 24 | $1.22 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $2.5B | $942.7M |
| Total Assets | $7.9B | $3.1B |
| Debt / EquityLower = less leverage | 1.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $106.9M | ||
| Q3 25 | $591.0K | $111.7M | ||
| Q2 25 | $931.0K | $81.3M | ||
| Q1 25 | $83.7M | $119.3M | ||
| Q4 24 | $1.9M | $80.4M | ||
| Q3 24 | $1.0M | $86.5M | ||
| Q2 24 | $22.4M | $47.8M | ||
| Q1 24 | $5.0M | $61.4M |
| 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 | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $2.5B | $942.7M | ||
| Q3 25 | $2.4B | $878.1M | ||
| Q2 25 | $2.4B | $847.2M | ||
| Q1 25 | $2.5B | $790.4M | ||
| Q4 24 | $2.3B | $729.0M | ||
| Q3 24 | $2.2B | $703.3M | ||
| Q2 24 | $2.1B | $532.6M | ||
| Q1 24 | $2.2B | $501.7M |
| Q4 25 | $7.9B | $3.1B | ||
| Q3 25 | $7.6B | $2.9B | ||
| Q2 25 | $7.3B | $2.8B | ||
| Q1 25 | $7.3B | $2.4B | ||
| Q4 24 | $7.2B | $2.3B | ||
| Q3 24 | $7.0B | $2.3B | ||
| Q2 24 | $6.8B | $2.0B | ||
| Q1 24 | $6.6B | $1.9B |
| 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× | — | ||
| Q1 24 | 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 | $26.7M | $409.1M |
| Free Cash FlowOCF − Capex | — | $409.0M |
| FCF MarginFCF / Revenue | — | 161.4% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 0.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $409.1M | ||
| Q3 25 | $81.2M | $83.6M | ||
| Q2 25 | $-28.9M | $120.9M | ||
| Q1 25 | $423.0M | $87.2M | ||
| Q4 24 | $-9.0M | $261.2M | ||
| Q3 24 | $64.5M | $100.3M | ||
| Q2 24 | $24.3M | $55.1M | ||
| Q1 24 | $292.2M | $33.1M |
| Q4 25 | — | $409.0M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | — | $120.8M | ||
| Q1 25 | — | $87.1M | ||
| Q4 24 | — | $260.9M | ||
| Q3 24 | — | $100.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 161.4% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 59.4% | ||
| Q1 25 | — | 49.9% | ||
| Q4 24 | — | 167.5% | ||
| Q3 24 | — | 67.4% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 5.39× | 1.63× | ||
| Q2 25 | — | 2.60× | ||
| Q1 25 | 2.07× | 2.03× | ||
| Q4 24 | -0.07× | — | ||
| Q3 24 | 0.71× | 3.29× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | 2.42× | 1.26× |
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% |
PLMR
Segment breakdown not available.
