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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and SouthState Bank Corp (SSB). Click either name above to swap in a different company.
SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $440.9M, roughly 1.5× NEW JERSEY RESOURCES CORP). SouthState Bank Corp runs the higher net margin — 34.1% vs 27.8%, a 6.3% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% 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.
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
NJR vs SSB — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $440.9M | $661.7M |
| Net Profit | $122.5M | $225.8M |
| Gross Margin | — | — |
| Operating Margin | 40.6% | 15.1% |
| Net Margin | 27.8% | 34.1% |
| Revenue YoY | 22.8% | — |
| Net Profit YoY | -6.7% | 153.5% |
| EPS (diluted) | $1.21 | $2.28 |
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 | — | $661.7M | ||
| Q4 25 | $440.9M | $581.1M | ||
| Q3 25 | $188.3M | $599.7M | ||
| Q2 25 | $234.8M | $577.9M | ||
| Q1 25 | $569.2M | $544.5M | ||
| Q4 24 | $359.0M | $369.8M | ||
| Q3 24 | $265.7M | $351.5M | ||
| Q2 24 | $209.9M | $350.3M |
| Q1 26 | — | $225.8M | ||
| Q4 25 | $122.5M | $247.7M | ||
| Q3 25 | $15.1M | $246.6M | ||
| Q2 25 | $-15.1M | $215.2M | ||
| Q1 25 | $204.3M | $89.1M | ||
| Q4 24 | $131.3M | $144.2M | ||
| Q3 24 | $91.1M | $143.2M | ||
| Q2 24 | $-11.6M | $132.4M |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 40.6% | 54.3% | ||
| Q3 25 | 21.5% | 53.6% | ||
| Q2 25 | -0.5% | 48.8% | ||
| Q1 25 | 49.2% | 22.3% | ||
| Q4 24 | 52.8% | 50.7% | ||
| Q3 24 | 55.0% | 53.1% | ||
| Q2 24 | 2.8% | 49.3% |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 27.8% | 42.6% | ||
| Q3 25 | 8.0% | 41.1% | ||
| Q2 25 | -6.4% | 37.2% | ||
| Q1 25 | 35.9% | 16.4% | ||
| Q4 24 | 36.6% | 39.0% | ||
| Q3 24 | 34.3% | 40.7% | ||
| Q2 24 | -5.5% | 37.8% |
| Q1 26 | — | $2.28 | ||
| Q4 25 | $1.21 | $2.47 | ||
| Q3 25 | $0.15 | $2.42 | ||
| Q2 25 | $-0.15 | $2.11 | ||
| Q1 25 | $2.02 | $0.87 | ||
| Q4 24 | $1.31 | $1.88 | ||
| Q3 24 | $0.91 | $1.86 | ||
| Q2 24 | $-0.12 | $1.73 |
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 | $2.9B |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $2.5B | $9.0B |
| Total Assets | $7.9B | $68.0B |
| Debt / EquityLower = less leverage | 1.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $2.9B | ||
| Q4 25 | $2.4M | — | ||
| Q3 25 | $591.0K | — | ||
| Q2 25 | $931.0K | — | ||
| Q1 25 | $83.7M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $1.0M | — | ||
| Q2 24 | $22.4M | — |
| 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 | — | $9.0B | ||
| Q4 25 | $2.5B | $9.1B | ||
| Q3 25 | $2.4B | $9.0B | ||
| Q2 25 | $2.4B | $8.8B | ||
| Q1 25 | $2.5B | $8.6B | ||
| Q4 24 | $2.3B | $5.9B | ||
| Q3 24 | $2.2B | $5.9B | ||
| Q2 24 | $2.1B | $5.7B |
| Q1 26 | — | $68.0B | ||
| Q4 25 | $7.9B | $67.2B | ||
| Q3 25 | $7.6B | $66.0B | ||
| Q2 25 | $7.3B | $65.9B | ||
| Q1 25 | $7.3B | $65.1B | ||
| Q4 24 | $7.2B | $46.4B | ||
| Q3 24 | $7.0B | $46.1B | ||
| Q2 24 | $6.8B | $45.5B |
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $232.1M | ||
| Q3 25 | $81.2M | $122.4M | ||
| Q2 25 | $-28.9M | $72.6M | ||
| Q1 25 | $423.0M | $-126.3M | ||
| Q4 24 | $-9.0M | $354.3M | ||
| Q3 24 | $64.5M | $-246.8M | ||
| Q2 24 | $24.3M | $126.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $215.5M | ||
| Q3 25 | — | $101.7M | ||
| Q2 25 | — | $52.5M | ||
| Q1 25 | — | $-139.1M | ||
| Q4 24 | — | $340.9M | ||
| Q3 24 | — | $-254.2M | ||
| Q2 24 | — | $117.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | -25.5% | ||
| Q4 24 | — | 92.2% | ||
| Q3 24 | — | -72.3% | ||
| Q2 24 | — | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 0.22× | 0.94× | ||
| Q3 25 | 5.39× | 0.50× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | 2.07× | -1.42× | ||
| Q4 24 | -0.07× | 2.46× | ||
| Q3 24 | 0.71× | -1.72× | ||
| Q2 24 | — | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
