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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
Sinclair, Inc. is the larger business by last-quarter revenue ($836.0M vs $440.9M, roughly 1.9× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs 13.0%, a 14.7% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs -16.7%). Over the past eight quarters, Sinclair, Inc.'s revenue compounded faster (2.4% 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.
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
NJR vs SBGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $440.9M | $836.0M |
| Net Profit | $122.5M | $109.0M |
| Gross Margin | — | — |
| Operating Margin | 40.6% | 9.6% |
| Net Margin | 27.8% | 13.0% |
| Revenue YoY | 22.8% | -16.7% |
| Net Profit YoY | -6.7% | -38.1% |
| EPS (diluted) | $1.21 | $1.62 |
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 | $836.0M | ||
| Q3 25 | $188.3M | $773.0M | ||
| Q2 25 | $234.8M | $784.0M | ||
| Q1 25 | $569.2M | $776.0M | ||
| Q4 24 | $359.0M | $1.0B | ||
| Q3 24 | $265.7M | $917.0M | ||
| Q2 24 | $209.9M | $829.0M | ||
| Q1 24 | $433.2M | $798.0M |
| Q4 25 | $122.5M | $109.0M | ||
| Q3 25 | $15.1M | $-1.0M | ||
| Q2 25 | $-15.1M | $-64.0M | ||
| Q1 25 | $204.3M | $-156.0M | ||
| Q4 24 | $131.3M | $176.0M | ||
| Q3 24 | $91.1M | $94.0M | ||
| Q2 24 | $-11.6M | $17.0M | ||
| Q1 24 | $120.8M | $23.0M |
| Q4 25 | 40.6% | 9.6% | ||
| Q3 25 | 21.5% | 7.5% | ||
| Q2 25 | -0.5% | 2.7% | ||
| Q1 25 | 49.2% | 1.8% | ||
| Q4 24 | 52.8% | 26.5% | ||
| Q3 24 | 55.0% | 19.5% | ||
| Q2 24 | 2.8% | 7.7% | ||
| Q1 24 | 39.3% | 5.3% |
| Q4 25 | 27.8% | 13.0% | ||
| Q3 25 | 8.0% | -0.1% | ||
| Q2 25 | -6.4% | -8.2% | ||
| Q1 25 | 35.9% | -20.1% | ||
| Q4 24 | 36.6% | 17.5% | ||
| Q3 24 | 34.3% | 10.3% | ||
| Q2 24 | -5.5% | 2.1% | ||
| Q1 24 | 27.9% | 2.9% |
| Q4 25 | $1.21 | $1.62 | ||
| Q3 25 | $0.15 | $-0.02 | ||
| Q2 25 | $-0.15 | $-0.91 | ||
| Q1 25 | $2.02 | $-2.30 | ||
| Q4 24 | $1.31 | $2.64 | ||
| Q3 24 | $0.91 | $1.43 | ||
| Q2 24 | $-0.12 | $0.27 | ||
| Q1 24 | $1.22 | $0.35 |
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 | $866.0M |
| Total DebtLower is stronger | $3.3B | $4.4B |
| Stockholders' EquityBook value | $2.5B | $443.0M |
| Total Assets | $7.9B | $5.9B |
| Debt / EquityLower = less leverage | 1.32× | 9.84× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $866.0M | ||
| Q3 25 | $591.0K | $526.0M | ||
| Q2 25 | $931.0K | $616.0M | ||
| Q1 25 | $83.7M | $631.0M | ||
| Q4 24 | $1.9M | $697.0M | ||
| Q3 24 | $1.0M | $536.0M | ||
| Q2 24 | $22.4M | $378.0M | ||
| Q1 24 | $5.0M | $655.0M |
| Q4 25 | $3.3B | $4.4B | ||
| Q3 25 | $3.3B | $4.1B | ||
| Q2 25 | $3.0B | $4.1B | ||
| Q1 25 | $3.0B | $4.2B | ||
| Q4 24 | $3.0B | $4.1B | ||
| Q3 24 | $2.9B | $4.1B | ||
| Q2 24 | $2.8B | $4.1B | ||
| Q1 24 | $2.7B | $4.1B |
| Q4 25 | $2.5B | $443.0M | ||
| Q3 25 | $2.4B | $347.0M | ||
| Q2 25 | $2.4B | $361.0M | ||
| Q1 25 | $2.5B | $436.0M | ||
| Q4 24 | $2.3B | $583.0M | ||
| Q3 24 | $2.2B | $415.0M | ||
| Q2 24 | $2.1B | $340.0M | ||
| Q1 24 | $2.2B | $333.0M |
| Q4 25 | $7.9B | $5.9B | ||
| Q3 25 | $7.6B | $5.6B | ||
| Q2 25 | $7.3B | $5.7B | ||
| Q1 25 | $7.3B | $5.8B | ||
| Q4 24 | $7.2B | $5.9B | ||
| Q3 24 | $7.0B | $5.8B | ||
| Q2 24 | $6.8B | $5.7B | ||
| Q1 24 | $6.6B | $6.0B |
| Q4 25 | 1.32× | 9.84× | ||
| Q3 25 | 1.36× | 11.75× | ||
| Q2 25 | 1.25× | 11.30× | ||
| Q1 25 | 1.20× | 9.56× | ||
| Q4 24 | 1.29× | 7.02× | ||
| Q3 24 | 1.31× | 9.86× | ||
| Q2 24 | 1.30× | 12.08× | ||
| Q1 24 | 1.25× | 12.35× |
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 | $98.0M |
| Free Cash FlowOCF − Capex | — | $79.0M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 0.22× | 0.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | $115.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $98.0M | ||
| Q3 25 | $81.2M | $-36.0M | ||
| Q2 25 | $-28.9M | $122.0M | ||
| Q1 25 | $423.0M | $5.0M | ||
| Q4 24 | $-9.0M | $198.0M | ||
| Q3 24 | $64.5M | $210.0M | ||
| Q2 24 | $24.3M | $-306.0M | ||
| Q1 24 | $292.2M | $-4.0M |
| Q4 25 | — | $79.0M | ||
| Q3 25 | — | $-58.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $-11.0M | ||
| Q4 24 | — | $175.0M | ||
| Q3 24 | — | $193.0M | ||
| Q2 24 | — | $-329.0M | ||
| Q1 24 | — | $-25.0M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | -7.5% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | -1.4% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | -39.7% | ||
| Q1 24 | — | -3.1% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 2.6% |
| Q4 25 | 0.22× | 0.90× | ||
| Q3 25 | 5.39× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.07× | — | ||
| Q4 24 | -0.07× | 1.13× | ||
| Q3 24 | 0.71× | 2.23× | ||
| Q2 24 | — | -18.00× | ||
| Q1 24 | 2.42× | -0.17× |
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% |
SBGI
| Distribution Revenue | $384.0M | 46% |
| Core Advertising Revenue | $312.0M | 37% |
| Tennis Segment | $62.0M | 7% |
| Other | $40.0M | 5% |
| Other Media Non Media Revenuesand Intercompany Revenues | $24.0M | 3% |
| Political Advertising Revenue | $14.0M | 2% |
