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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($939.4M vs $475.9M, roughly 2.0× Skyward Specialty Insurance Group, Inc.). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 10.5%, a 12.9% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (44.8% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% CAGR vs 30.4%).
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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
NJR vs SKWD — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $939.4M | $475.9M |
| Net Profit | $218.9M | $49.7M |
| Gross Margin | — | — |
| Operating Margin | 32.0% | 14.9% |
| Net Margin | 23.3% | 10.5% |
| Revenue YoY | -33.0% | 44.8% |
| Net Profit YoY | 7.2% | — |
| EPS (diluted) | $2.16 | $1.09 |
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.
| Q1 26 | $939.4M | $475.9M | ||
| Q4 25 | $440.9M | $385.6M | ||
| Q3 25 | $188.3M | $382.5M | ||
| Q2 25 | $234.8M | $319.9M | ||
| Q1 25 | $569.2M | $328.5M | ||
| Q4 24 | $359.0M | $304.4M | ||
| Q3 24 | $265.7M | $300.9M | ||
| Q2 24 | $209.9M | $279.9M |
| Q1 26 | $218.9M | $49.7M | ||
| Q4 25 | $122.5M | $43.2M | ||
| Q3 25 | $15.1M | $45.9M | ||
| Q2 25 | $-15.1M | $38.8M | ||
| Q1 25 | $204.3M | $42.1M | ||
| Q4 24 | $131.3M | $14.4M | ||
| Q3 24 | $91.1M | $36.7M | ||
| Q2 24 | $-11.6M | $31.0M |
| Q1 26 | 32.0% | 14.9% | ||
| Q4 25 | 40.6% | 14.2% | ||
| Q3 25 | 21.5% | 15.8% | ||
| Q2 25 | -0.5% | 15.6% | ||
| Q1 25 | 49.2% | 15.7% | ||
| Q4 24 | 52.8% | 6.1% | ||
| Q3 24 | 55.0% | 15.6% | ||
| Q2 24 | 2.8% | 14.4% |
| Q1 26 | 23.3% | 10.5% | ||
| Q4 25 | 27.8% | 11.2% | ||
| Q3 25 | 8.0% | 12.0% | ||
| Q2 25 | -6.4% | 12.1% | ||
| Q1 25 | 35.9% | 12.8% | ||
| Q4 24 | 36.6% | 4.7% | ||
| Q3 24 | 34.3% | 12.2% | ||
| Q2 24 | -5.5% | 11.1% |
| Q1 26 | $2.16 | $1.09 | ||
| Q4 25 | $1.21 | $1.03 | ||
| Q3 25 | $0.15 | $1.10 | ||
| Q2 25 | $-0.15 | $0.93 | ||
| Q1 25 | $2.02 | $1.01 | ||
| Q4 24 | $1.31 | $0.33 | ||
| Q3 24 | $0.91 | $0.89 | ||
| Q2 24 | $-0.12 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.2B |
| Total Assets | — | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.1M | ||
| Q4 25 | $2.4M | $168.5M | ||
| Q3 25 | $591.0K | $160.1M | ||
| Q2 25 | $931.0K | $136.6M | ||
| Q1 25 | $83.7M | $112.9M | ||
| Q4 24 | $1.9M | $121.6M | ||
| Q3 24 | $1.0M | $105.6M | ||
| Q2 24 | $22.4M | $73.0M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.2B | ||
| Q4 25 | $2.5B | $1.0B | ||
| Q3 25 | $2.4B | $961.4M | ||
| Q2 25 | $2.4B | $899.9M | ||
| Q1 25 | $2.5B | $850.7M | ||
| Q4 24 | $2.3B | $794.0M | ||
| Q3 24 | $2.2B | $797.5M | ||
| Q2 24 | $2.1B | $723.6M |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $7.9B | $4.8B | ||
| Q3 25 | $7.6B | $4.6B | ||
| Q2 25 | $7.3B | $4.3B | ||
| Q1 25 | $7.3B | $4.0B | ||
| Q4 24 | $7.2B | $3.7B | ||
| Q3 24 | $7.0B | $3.6B | ||
| Q2 24 | $6.8B | $3.4B |
| Q1 26 | — | — | ||
| 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× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NJR
| Utility | $640.9M | 68% |
| Nonutility | $298.5M | 32% |
SKWD
Segment breakdown not available.
