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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Ralliant Corp (RAL). Click either name above to swap in a different company.
Ralliant Corp is the larger business by last-quarter revenue ($529.1M vs $440.9M, roughly 1.2× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs 7.5%, a 20.2% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs -0.5%).
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 RAL — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $440.9M | $529.1M |
| Net Profit | $122.5M | $39.9M |
| Gross Margin | — | 50.8% |
| Operating Margin | 40.6% | 9.8% |
| Net Margin | 27.8% | 7.5% |
| Revenue YoY | 22.8% | -0.5% |
| Net Profit YoY | -6.7% | -56.1% |
| EPS (diluted) | $1.21 | $0.35 |
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 | — | ||
| Q3 25 | $188.3M | $529.1M | ||
| Q2 25 | $234.8M | $503.3M | ||
| Q1 25 | $569.2M | — | ||
| Q4 24 | $359.0M | — | ||
| Q3 24 | $265.7M | $531.7M | ||
| Q2 24 | $209.9M | $533.7M | ||
| Q1 24 | $433.2M | — |
| Q4 25 | $122.5M | — | ||
| Q3 25 | $15.1M | $39.9M | ||
| Q2 25 | $-15.1M | $47.6M | ||
| Q1 25 | $204.3M | — | ||
| Q4 24 | $131.3M | — | ||
| Q3 24 | $91.1M | $90.9M | ||
| Q2 24 | $-11.6M | $64.8M | ||
| Q1 24 | $120.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 52.6% | ||
| Q2 24 | — | 51.5% | ||
| Q1 24 | — | — |
| Q4 25 | 40.6% | — | ||
| Q3 25 | 21.5% | 9.8% | ||
| Q2 25 | -0.5% | 11.7% | ||
| Q1 25 | 49.2% | — | ||
| Q4 24 | 52.8% | — | ||
| Q3 24 | 55.0% | 20.9% | ||
| Q2 24 | 2.8% | 19.7% | ||
| Q1 24 | 39.3% | — |
| Q4 25 | 27.8% | — | ||
| Q3 25 | 8.0% | 7.5% | ||
| Q2 25 | -6.4% | 9.5% | ||
| Q1 25 | 35.9% | — | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | 34.3% | 17.1% | ||
| Q2 24 | -5.5% | 12.1% | ||
| Q1 24 | 27.9% | — |
| Q4 25 | $1.21 | — | ||
| Q3 25 | $0.15 | $0.35 | ||
| Q2 25 | $-0.15 | $0.42 | ||
| Q1 25 | $2.02 | — | ||
| Q4 24 | $1.31 | — | ||
| Q3 24 | $0.91 | $0.81 | ||
| Q2 24 | $-0.12 | $0.57 | ||
| Q1 24 | $1.22 | — |
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 | $264.2M |
| Total DebtLower is stronger | $3.3B | $1.1B |
| Stockholders' EquityBook value | $2.5B | $3.0B |
| Total Assets | $7.9B | $5.3B |
| Debt / EquityLower = less leverage | 1.32× | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | — | ||
| Q3 25 | $591.0K | $264.2M | ||
| Q2 25 | $931.0K | $198.6M | ||
| Q1 25 | $83.7M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $1.0M | — | ||
| Q2 24 | $22.4M | — | ||
| Q1 24 | $5.0M | — |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.3B | $1.1B | ||
| Q2 25 | $3.0B | $1.1B | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | $3.0B | ||
| Q2 25 | $2.4B | $3.0B | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.2B | $4.0B | ||
| Q2 24 | $2.1B | $4.0B | ||
| Q1 24 | $2.2B | — |
| Q4 25 | $7.9B | — | ||
| Q3 25 | $7.6B | $5.3B | ||
| Q2 25 | $7.3B | $5.2B | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $6.8B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | 1.32× | — | ||
| Q3 25 | 1.36× | 0.39× | ||
| Q2 25 | 1.25× | 0.38× | ||
| 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 | $138.6M |
| Free Cash FlowOCF − Capex | — | $126.6M |
| FCF MarginFCF / Revenue | — | 23.9% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 0.22× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | — | ||
| Q3 25 | $81.2M | $138.6M | ||
| Q2 25 | $-28.9M | — | ||
| Q1 25 | $423.0M | — | ||
| Q4 24 | $-9.0M | — | ||
| Q3 24 | $64.5M | — | ||
| Q2 24 | $24.3M | — | ||
| Q1 24 | $292.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $126.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 23.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 5.39× | 3.47× | ||
| 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
| 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% |
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
