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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
Primerica, Inc. is the larger business by last-quarter revenue ($853.7M vs $440.9M, roughly 1.9× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs 23.1%, a 4.7% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs 11.0%). Over the past eight quarters, Primerica, Inc.'s revenue compounded faster (7.2% 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.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
NJR vs PRI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $440.9M | $853.7M |
| Net Profit | $122.5M | $197.0M |
| Gross Margin | — | — |
| Operating Margin | 40.6% | 28.9% |
| Net Margin | 27.8% | 23.1% |
| Revenue YoY | 22.8% | 11.0% |
| Net Profit YoY | -6.7% | 17.9% |
| EPS (diluted) | $1.21 | $6.11 |
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 | $853.7M | ||
| Q3 25 | $188.3M | $839.9M | ||
| Q2 25 | $234.8M | $793.3M | ||
| Q1 25 | $569.2M | $804.8M | ||
| Q4 24 | $359.0M | $768.8M | ||
| Q3 24 | $265.7M | $774.1M | ||
| Q2 24 | $209.9M | $803.4M | ||
| Q1 24 | $433.2M | $742.8M |
| Q4 25 | $122.5M | $197.0M | ||
| Q3 25 | $15.1M | $206.8M | ||
| Q2 25 | $-15.1M | $178.3M | ||
| Q1 25 | $204.3M | $169.1M | ||
| Q4 24 | $131.3M | $167.1M | ||
| Q3 24 | $91.1M | $164.4M | ||
| Q2 24 | $-11.6M | $1.2M | ||
| Q1 24 | $120.8M | $137.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.0% | ||
| Q1 24 | — | 98.2% |
| Q4 25 | 40.6% | 28.9% | ||
| Q3 25 | 21.5% | 32.3% | ||
| Q2 25 | -0.5% | 29.6% | ||
| Q1 25 | 49.2% | 27.5% | ||
| Q4 24 | 52.8% | 64.7% | ||
| Q3 24 | 55.0% | 32.9% | ||
| Q2 24 | 2.8% | 1.0% | ||
| Q1 24 | 39.3% | 24.1% |
| Q4 25 | 27.8% | 23.1% | ||
| Q3 25 | 8.0% | 24.6% | ||
| Q2 25 | -6.4% | 22.5% | ||
| Q1 25 | 35.9% | 21.0% | ||
| Q4 24 | 36.6% | 21.7% | ||
| Q3 24 | 34.3% | 21.2% | ||
| Q2 24 | -5.5% | 0.1% | ||
| Q1 24 | 27.9% | 18.6% |
| Q4 25 | $1.21 | $6.11 | ||
| Q3 25 | $0.15 | $6.35 | ||
| Q2 25 | $-0.15 | $5.40 | ||
| Q1 25 | $2.02 | $5.05 | ||
| Q4 24 | $1.31 | $4.92 | ||
| Q3 24 | $0.91 | $4.83 | ||
| Q2 24 | $-0.12 | $0.03 | ||
| Q1 24 | $1.22 | $3.93 |
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 | $756.2M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $2.5B | $2.4B |
| Total Assets | $7.9B | $15.0B |
| Debt / EquityLower = less leverage | 1.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $756.2M | ||
| Q3 25 | $591.0K | $644.9M | ||
| Q2 25 | $931.0K | $621.2M | ||
| Q1 25 | $83.7M | $625.1M | ||
| Q4 24 | $1.9M | $687.8M | ||
| Q3 24 | $1.0M | $550.1M | ||
| Q2 24 | $22.4M | $627.3M | ||
| Q1 24 | $5.0M | $593.4M |
| 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 | $2.4B | ||
| Q3 25 | $2.4B | $2.3B | ||
| Q2 25 | $2.4B | $2.3B | ||
| Q1 25 | $2.5B | $2.3B | ||
| Q4 24 | $2.3B | $2.3B | ||
| Q3 24 | $2.2B | $1.9B | ||
| Q2 24 | $2.1B | $2.1B | ||
| Q1 24 | $2.2B | $2.2B |
| Q4 25 | $7.9B | $15.0B | ||
| Q3 25 | $7.6B | $14.8B | ||
| Q2 25 | $7.3B | $14.8B | ||
| Q1 25 | $7.3B | $14.6B | ||
| Q4 24 | $7.2B | $14.6B | ||
| Q3 24 | $7.0B | $14.8B | ||
| Q2 24 | $6.8B | $14.6B | ||
| Q1 24 | $6.6B | $14.9B |
| 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 | $338.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.22× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $338.2M | ||
| Q3 25 | $81.2M | $202.9M | ||
| Q2 25 | $-28.9M | $162.6M | ||
| Q1 25 | $423.0M | $197.5M | ||
| Q4 24 | $-9.0M | $270.6M | ||
| Q3 24 | $64.5M | $207.3M | ||
| Q2 24 | $24.3M | $173.3M | ||
| Q1 24 | $292.2M | $210.9M |
| Q4 25 | 0.22× | 1.72× | ||
| Q3 25 | 5.39× | 0.98× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | 2.07× | 1.17× | ||
| Q4 24 | -0.07× | 1.62× | ||
| Q3 24 | 0.71× | 1.26× | ||
| Q2 24 | — | 147.98× | ||
| Q1 24 | 2.42× | 1.53× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
