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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Pattern Group Inc. (PTRN). Click either name above to swap in a different company.

Pattern Group Inc. is the larger business by last-quarter revenue ($639.7M vs $440.9M, roughly 1.5× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs -9.2%, a 37.0% gap on every dollar of revenue.

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.

Pattern Energy Group LP is an American company that develops, owns and operates utility scale wind and solar power facilities in the United States, Canada, and Mexico. It is headquartered in San Francisco, California with an operations center in Houston, Texas.

NJR vs PTRN — Head-to-Head

Bigger by revenue
PTRN
PTRN
1.5× larger
PTRN
$639.7M
$440.9M
NJR
Higher net margin
NJR
NJR
37.0% more per $
NJR
27.8%
-9.2%
PTRN

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
NJR
NJR
PTRN
PTRN
Revenue
$440.9M
$639.7M
Net Profit
$122.5M
$-59.1M
Gross Margin
44.3%
Operating Margin
40.6%
-9.4%
Net Margin
27.8%
-9.2%
Revenue YoY
22.8%
Net Profit YoY
-6.7%
EPS (diluted)
$1.21
$-2.19

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
PTRN
PTRN
Q4 25
$440.9M
Q3 25
$188.3M
$639.7M
Q2 25
$234.8M
Q1 25
$569.2M
Q4 24
$359.0M
Q3 24
$265.7M
Q2 24
$209.9M
Q1 24
$433.2M
Net Profit
NJR
NJR
PTRN
PTRN
Q4 25
$122.5M
Q3 25
$15.1M
$-59.1M
Q2 25
$-15.1M
Q1 25
$204.3M
Q4 24
$131.3M
Q3 24
$91.1M
Q2 24
$-11.6M
Q1 24
$120.8M
Gross Margin
NJR
NJR
PTRN
PTRN
Q4 25
Q3 25
44.3%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
NJR
NJR
PTRN
PTRN
Q4 25
40.6%
Q3 25
21.5%
-9.4%
Q2 25
-0.5%
Q1 25
49.2%
Q4 24
52.8%
Q3 24
55.0%
Q2 24
2.8%
Q1 24
39.3%
Net Margin
NJR
NJR
PTRN
PTRN
Q4 25
27.8%
Q3 25
8.0%
-9.2%
Q2 25
-6.4%
Q1 25
35.9%
Q4 24
36.6%
Q3 24
34.3%
Q2 24
-5.5%
Q1 24
27.9%
EPS (diluted)
NJR
NJR
PTRN
PTRN
Q4 25
$1.21
Q3 25
$0.15
$-2.19
Q2 25
$-0.15
Q1 25
$2.02
Q4 24
$1.31
Q3 24
$0.91
Q2 24
$-0.12
Q1 24
$1.22

Balance Sheet & Financial Strength

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

Metric
NJR
NJR
PTRN
PTRN
Cash + ST InvestmentsLiquidity on hand
$2.4M
$312.8M
Total DebtLower is stronger
$3.3B
Stockholders' EquityBook value
$2.5B
$541.4M
Total Assets
$7.9B
$843.1M
Debt / EquityLower = less leverage
1.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NJR
NJR
PTRN
PTRN
Q4 25
$2.4M
Q3 25
$591.0K
$312.8M
Q2 25
$931.0K
Q1 25
$83.7M
Q4 24
$1.9M
Q3 24
$1.0M
Q2 24
$22.4M
Q1 24
$5.0M
Total Debt
NJR
NJR
PTRN
PTRN
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
Stockholders' Equity
NJR
NJR
PTRN
PTRN
Q4 25
$2.5B
Q3 25
$2.4B
$541.4M
Q2 25
$2.4B
Q1 25
$2.5B
Q4 24
$2.3B
Q3 24
$2.2B
Q2 24
$2.1B
Q1 24
$2.2B
Total Assets
NJR
NJR
PTRN
PTRN
Q4 25
$7.9B
Q3 25
$7.6B
$843.1M
Q2 25
$7.3B
Q1 25
$7.3B
Q4 24
$7.2B
Q3 24
$7.0B
Q2 24
$6.8B
Q1 24
$6.6B
Debt / Equity
NJR
NJR
PTRN
PTRN
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
NJR
NJR
PTRN
PTRN
Operating Cash FlowLast quarter
$26.7M
$90.9M
Free Cash FlowOCF − Capex
$75.7M
FCF MarginFCF / Revenue
11.8%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
0.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NJR
NJR
PTRN
PTRN
Q4 25
$26.7M
Q3 25
$81.2M
$90.9M
Q2 25
$-28.9M
Q1 25
$423.0M
Q4 24
$-9.0M
Q3 24
$64.5M
Q2 24
$24.3M
Q1 24
$292.2M
Free Cash Flow
NJR
NJR
PTRN
PTRN
Q4 25
Q3 25
$75.7M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
NJR
NJR
PTRN
PTRN
Q4 25
Q3 25
11.8%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
NJR
NJR
PTRN
PTRN
Q4 25
Q3 25
2.4%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
NJR
NJR
PTRN
PTRN
Q4 25
0.22×
Q3 25
5.39×
Q2 25
Q1 25
2.07×
Q4 24
-0.07×
Q3 24
0.71×
Q2 24
Q1 24
2.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NJR
NJR

Residential$284.1M64%
Commercialand Industrial$53.4M12%
Firm Transportation$34.7M8%
Storage And Transportation ST Segment$28.1M6%
Home Services And Other HSO$16.0M4%
Energy Services ES Segment$12.8M3%
Installationand Maintenance$6.6M1%
Electricity$5.6M1%
Renewable Energy Certificates$3.7M1%
Interruptibleand Offtariff$2.4M1%

PTRN
PTRN

Amazon.com$549.2M86%
Amazon Marketplaces International$43.4M7%
Other Online Marketplaces And Channels$39.4M6%
Saa S Logistics And Other Revenue$7.7M1%

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