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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Titan Machinery Inc. (TITN). 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 $644.5M, roughly 1.5× Titan Machinery Inc.). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 0.2%, a 23.1% gap on every dollar of revenue. On growth, Titan Machinery Inc. posted the faster year-over-year revenue change (-5.2% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% CAGR vs -13.0%).

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.

Titan Machinery, Inc. is one of the largest dealers of agricultural and construction equipment and claims to be the largest dealer for the CNH Industrial brands in the world. It is based in West Fargo, North Dakota and has locations throughout the Midwestern United States, Australia, Austria, Bulgaria, Germany, Romania and Ukraine. The company is publicly traded on NASDAQ using the symbol TITN. As of 2023, the company reported a total revenue of US$2.209 billion.

NJR vs TITN — Head-to-Head

Bigger by revenue
NJR
NJR
1.5× larger
NJR
$939.4M
$644.5M
TITN
Growing faster (revenue YoY)
TITN
TITN
+27.8% gap
TITN
-5.2%
-33.0%
NJR
Higher net margin
NJR
NJR
23.1% more per $
NJR
23.3%
0.2%
TITN
Faster 2-yr revenue CAGR
NJR
NJR
Annualised
NJR
111.6%
-13.0%
TITN

Income Statement — Q2 FY2026 vs Q3 FY2026

Metric
NJR
NJR
TITN
TITN
Revenue
$939.4M
$644.5M
Net Profit
$218.9M
$1.2M
Gross Margin
17.2%
Operating Margin
32.0%
1.6%
Net Margin
23.3%
0.2%
Revenue YoY
-33.0%
-5.2%
Net Profit YoY
7.2%
-30.1%
EPS (diluted)
$2.16
$0.05

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.

Revenue
NJR
NJR
TITN
TITN
Q1 26
$939.4M
Q4 25
$440.9M
$644.5M
Q3 25
$188.3M
$546.4M
Q2 25
$234.8M
$594.3M
Q1 25
$569.2M
$759.9M
Q4 24
$359.0M
$679.8M
Q3 24
$265.7M
$633.7M
Q2 24
$209.9M
$628.7M
Net Profit
NJR
NJR
TITN
TITN
Q1 26
$218.9M
Q4 25
$122.5M
$1.2M
Q3 25
$15.1M
$-6.0M
Q2 25
$-15.1M
$-13.2M
Q1 25
$204.3M
$-43.8M
Q4 24
$131.3M
$1.7M
Q3 24
$91.1M
$-4.3M
Q2 24
$-11.6M
$9.4M
Gross Margin
NJR
NJR
TITN
TITN
Q1 26
Q4 25
17.2%
Q3 25
17.1%
Q2 25
15.3%
Q1 25
6.7%
Q4 24
16.3%
Q3 24
17.7%
Q2 24
19.4%
Operating Margin
NJR
NJR
TITN
TITN
Q1 26
32.0%
Q4 25
40.6%
1.6%
Q3 25
21.5%
0.1%
Q2 25
-0.5%
-1.0%
Q1 25
49.2%
-6.0%
Q4 24
52.8%
1.7%
Q3 24
55.0%
2.5%
Q2 24
2.8%
3.6%
Net Margin
NJR
NJR
TITN
TITN
Q1 26
23.3%
Q4 25
27.8%
0.2%
Q3 25
8.0%
-1.1%
Q2 25
-6.4%
-2.2%
Q1 25
35.9%
-5.8%
Q4 24
36.6%
0.3%
Q3 24
34.3%
-0.7%
Q2 24
-5.5%
1.5%
EPS (diluted)
NJR
NJR
TITN
TITN
Q1 26
$2.16
Q4 25
$1.21
$0.05
Q3 25
$0.15
$-0.26
Q2 25
$-0.15
$-0.58
Q1 25
$2.02
$-1.92
Q4 24
$1.31
$0.07
Q3 24
$0.91
$-0.19
Q2 24
$-0.12
$0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NJR
NJR
TITN
TITN
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$176.6M
Stockholders' EquityBook value
$612.6M
Total Assets
$1.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NJR
NJR
TITN
TITN
Q1 26
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
Total Debt
NJR
NJR
TITN
TITN
Q1 26
Q4 25
$3.3B
$176.6M
Q3 25
$3.3B
$164.5M
Q2 25
$3.0B
$165.3M
Q1 25
$3.0B
$168.7M
Q4 24
$3.0B
$140.6M
Q3 24
$2.9B
$126.6M
Q2 24
$2.8B
$119.3M
Stockholders' Equity
NJR
NJR
TITN
TITN
Q1 26
Q4 25
$2.5B
$612.6M
Q3 25
$2.4B
$610.3M
Q2 25
$2.4B
$605.4M
Q1 25
$2.5B
$614.1M
Q4 24
$2.3B
$668.2M
Q3 24
$2.2B
$659.6M
Q2 24
$2.1B
$662.6M
Total Assets
NJR
NJR
TITN
TITN
Q1 26
Q4 25
$7.9B
$1.8B
Q3 25
$7.6B
$1.9B
Q2 25
$7.3B
$1.8B
Q1 25
$7.3B
$1.8B
Q4 24
$7.2B
$2.1B
Q3 24
$7.0B
$2.2B
Q2 24
$6.8B
$2.1B
Debt / Equity
NJR
NJR
TITN
TITN
Q1 26
Q4 25
1.32×
0.29×
Q3 25
1.36×
0.27×
Q2 25
1.25×
0.27×
Q1 25
1.20×
0.27×
Q4 24
1.29×
0.21×
Q3 24
1.31×
0.19×
Q2 24
1.30×
0.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NJR
NJR
TITN
TITN
Operating Cash FlowLast quarter
$34.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
28.37×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NJR
NJR
TITN
TITN
Q1 26
Q4 25
$26.7M
$34.0M
Q3 25
$81.2M
$43.7M
Q2 25
$-28.9M
$6.2M
Q1 25
$423.0M
$126.5M
Q4 24
$-9.0M
$-8.8M
Q3 24
$64.5M
$-15.0M
Q2 24
$24.3M
$-32.4M
Cash Conversion
NJR
NJR
TITN
TITN
Q1 26
Q4 25
0.22×
28.37×
Q3 25
5.39×
Q2 25
Q1 25
2.07×
Q4 24
-0.07×
-5.15×
Q3 24
0.71×
Q2 24
-3.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NJR
NJR

Utility$640.9M68%
Nonutility$298.5M32%

TITN
TITN

Agriculture Segment$420.9M65%
Sales Of Parts$122.3M19%
Service Sales$48.9M8%
Australia_segment$29.9M5%
Rental And Other$13.3M2%
Rental$10.3M2%
Other Revenue$1.1M0%

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