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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $939.4M, roughly 1.7× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 6.2%, a 17.1% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% CAGR vs 23.3%).
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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
NJR vs TOST — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $939.4M | $1.6B |
| Net Profit | $218.9M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 32.0% | 5.2% |
| Net Margin | 23.3% | 6.2% |
| Revenue YoY | -33.0% | 22.0% |
| Net Profit YoY | 7.2% | 215.6% |
| EPS (diluted) | $2.16 | $0.18 |
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 | — | ||
| Q4 25 | $440.9M | $1.6B | ||
| Q3 25 | $188.3M | $1.6B | ||
| Q2 25 | $234.8M | $1.6B | ||
| Q1 25 | $569.2M | $1.3B | ||
| Q4 24 | $359.0M | $1.3B | ||
| Q3 24 | $265.7M | $1.3B | ||
| Q2 24 | $209.9M | $1.2B |
| Q1 26 | $218.9M | — | ||
| Q4 25 | $122.5M | $101.0M | ||
| Q3 25 | $15.1M | $105.0M | ||
| Q2 25 | $-15.1M | $80.0M | ||
| Q1 25 | $204.3M | $56.0M | ||
| Q4 24 | $131.3M | $32.0M | ||
| Q3 24 | $91.1M | $56.0M | ||
| Q2 24 | $-11.6M | $14.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% |
| Q1 26 | 32.0% | — | ||
| Q4 25 | 40.6% | 5.2% | ||
| Q3 25 | 21.5% | 5.1% | ||
| Q2 25 | -0.5% | 5.2% | ||
| Q1 25 | 49.2% | 3.2% | ||
| Q4 24 | 52.8% | 2.5% | ||
| Q3 24 | 55.0% | 2.6% | ||
| Q2 24 | 2.8% | 0.4% |
| Q1 26 | 23.3% | — | ||
| Q4 25 | 27.8% | 6.2% | ||
| Q3 25 | 8.0% | 6.4% | ||
| Q2 25 | -6.4% | 5.2% | ||
| Q1 25 | 35.9% | 4.2% | ||
| Q4 24 | 36.6% | 2.4% | ||
| Q3 24 | 34.3% | 4.3% | ||
| Q2 24 | -5.5% | 1.1% |
| Q1 26 | $2.16 | — | ||
| Q4 25 | $1.21 | $0.18 | ||
| Q3 25 | $0.15 | $0.16 | ||
| Q2 25 | $-0.15 | $0.13 | ||
| Q1 25 | $2.02 | $0.09 | ||
| Q4 24 | $1.31 | $0.09 | ||
| Q3 24 | $0.91 | $0.07 | ||
| Q2 24 | $-0.12 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.1B |
| Total Assets | — | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.4M | $1.4B | ||
| Q3 25 | $591.0K | $1.4B | ||
| Q2 25 | $931.0K | $1.2B | ||
| Q1 25 | $83.7M | $1.0B | ||
| Q4 24 | $1.9M | $903.0M | ||
| Q3 24 | $1.0M | $761.0M | ||
| Q2 24 | $22.4M | $691.0M |
| 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 | — | — | ||
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.4B | $2.0B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $2.3B | $1.5B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.1B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $7.9B | $3.1B | ||
| Q3 25 | $7.6B | $3.0B | ||
| Q2 25 | $7.3B | $2.8B | ||
| Q1 25 | $7.3B | $2.6B | ||
| Q4 24 | $7.2B | $2.4B | ||
| Q3 24 | $7.0B | $2.2B | ||
| Q2 24 | $6.8B | $2.2B |
| 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 | — | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $194.0M | ||
| Q3 25 | $81.2M | $165.0M | ||
| Q2 25 | $-28.9M | $223.0M | ||
| Q1 25 | $423.0M | $79.0M | ||
| Q4 24 | $-9.0M | $147.0M | ||
| Q3 24 | $64.5M | $109.0M | ||
| Q2 24 | $24.3M | $124.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $153.0M | ||
| Q2 25 | — | $208.0M | ||
| Q1 25 | — | $69.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $108.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 8.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.22× | 1.92× | ||
| Q3 25 | 5.39× | 1.57× | ||
| Q2 25 | — | 2.79× | ||
| Q1 25 | 2.07× | 1.41× | ||
| Q4 24 | -0.07× | 4.59× | ||
| Q3 24 | 0.71× | 1.95× | ||
| Q2 24 | — | 8.86× |
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
