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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Smith Douglas Homes Corp. (SDHC). 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 $260.4M, roughly 1.7× Smith Douglas Homes Corp.). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs 1.4%, a 26.4% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs -9.4%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
NJR vs SDHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $440.9M | $260.4M |
| Net Profit | $122.5M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | 40.6% | 6.5% |
| Net Margin | 27.8% | 1.4% |
| Revenue YoY | 22.8% | -9.4% |
| Net Profit YoY | -6.7% | -14.3% |
| EPS (diluted) | $1.21 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $188.3M | $262.0M | ||
| Q2 25 | $234.8M | $223.9M | ||
| Q1 25 | $569.2M | $224.7M | ||
| Q4 24 | $359.0M | $287.5M | ||
| Q3 24 | $265.7M | $277.8M | ||
| Q2 24 | $209.9M | $220.9M | ||
| Q1 24 | $433.2M | $189.2M |
| Q4 25 | $122.5M | $3.5M | ||
| Q3 25 | $15.1M | $2.1M | ||
| Q2 25 | $-15.1M | $2.4M | ||
| Q1 25 | $204.3M | $2.7M | ||
| Q4 24 | $131.3M | $4.1M | ||
| Q3 24 | $91.1M | $5.3M | ||
| Q2 24 | $-11.6M | $3.6M | ||
| Q1 24 | $120.8M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 40.6% | 6.5% | ||
| Q3 25 | 21.5% | 6.6% | ||
| Q2 25 | -0.5% | 7.7% | ||
| Q1 25 | 49.2% | 8.7% | ||
| Q4 24 | 52.8% | 10.4% | ||
| Q3 24 | 55.0% | 14.2% | ||
| Q2 24 | 2.8% | 11.7% | ||
| Q1 24 | 39.3% | 11.3% |
| Q4 25 | 27.8% | 1.4% | ||
| Q3 25 | 8.0% | 0.8% | ||
| Q2 25 | -6.4% | 1.1% | ||
| Q1 25 | 35.9% | 1.2% | ||
| Q4 24 | 36.6% | 1.4% | ||
| Q3 24 | 34.3% | 1.9% | ||
| Q2 24 | -5.5% | 1.7% | ||
| Q1 24 | 27.9% | 1.6% |
| Q4 25 | $1.21 | $0.39 | ||
| Q3 25 | $0.15 | $0.24 | ||
| Q2 25 | $-0.15 | $0.26 | ||
| Q1 25 | $2.02 | $0.30 | ||
| Q4 24 | $1.31 | $0.50 | ||
| Q3 24 | $0.91 | $0.58 | ||
| Q2 24 | $-0.12 | $0.40 | ||
| Q1 24 | $1.22 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $2.5B | $86.7M |
| Total Assets | $7.9B | $557.6M |
| Debt / EquityLower = less leverage | 1.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $12.7M | ||
| Q3 25 | $591.0K | $14.8M | ||
| Q2 25 | $931.0K | $16.8M | ||
| Q1 25 | $83.7M | $12.7M | ||
| Q4 24 | $1.9M | $22.4M | ||
| Q3 24 | $1.0M | $23.7M | ||
| Q2 24 | $22.4M | $17.3M | ||
| Q1 24 | $5.0M | $32.8M |
| 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 | $86.7M | ||
| Q3 25 | $2.4B | $82.2M | ||
| Q2 25 | $2.4B | $80.0M | ||
| Q1 25 | $2.5B | $76.9M | ||
| Q4 24 | $2.3B | $73.6M | ||
| Q3 24 | $2.2B | $68.4M | ||
| Q2 24 | $2.1B | $62.1M | ||
| Q1 24 | $2.2B | $59.7M |
| Q4 25 | $7.9B | $557.6M | ||
| Q3 25 | $7.6B | $571.6M | ||
| Q2 25 | $7.3B | $570.2M | ||
| Q1 25 | $7.3B | $513.9M | ||
| Q4 24 | $7.2B | $475.9M | ||
| Q3 24 | $7.0B | $460.1M | ||
| Q2 24 | $6.8B | $429.3M | ||
| Q1 24 | $6.6B | $401.3M |
| 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 | $9.8M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 0.22× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $9.8M | ||
| Q3 25 | $81.2M | $22.8M | ||
| Q2 25 | $-28.9M | $-28.9M | ||
| Q1 25 | $423.0M | $-34.9M | ||
| Q4 24 | $-9.0M | $5.5M | ||
| Q3 24 | $64.5M | $22.9M | ||
| Q2 24 | $24.3M | $39.0K | ||
| Q1 24 | $292.2M | $-9.3M |
| Q4 25 | — | $8.7M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $-31.1M | ||
| Q1 25 | — | $-35.9M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | — | $22.3M | ||
| Q2 24 | — | $-2.1M | ||
| Q1 24 | — | $-9.7M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -13.9% | ||
| Q1 25 | — | -16.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -1.0% | ||
| Q1 24 | — | -5.1% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 0.22× | 2.77× | ||
| Q3 25 | 5.39× | 10.70× | ||
| Q2 25 | — | -12.24× | ||
| Q1 25 | 2.07× | -13.01× | ||
| Q4 24 | -0.07× | 1.33× | ||
| Q3 24 | 0.71× | 4.28× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | 2.42× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
