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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Ventas (VTR). Click either name above to swap in a different company.

Ventas is the larger business by last-quarter revenue ($1.7B vs $939.4M, roughly 1.8× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 3.6%, a 19.7% gap on every dollar of revenue. On growth, Ventas 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 17.5%).

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.

Ventas is a leading real estate investment trust specializing in healthcare-related real estate assets. Its portfolio includes senior housing, medical offices, life science research facilities and rehabilitation centers, operating mainly across North America and the UK, serving healthcare operators and life science groups.

NJR vs VTR — Head-to-Head

Bigger by revenue
VTR
VTR
1.8× larger
VTR
$1.7B
$939.4M
NJR
Growing faster (revenue YoY)
VTR
VTR
+55.0% gap
VTR
22.0%
-33.0%
NJR
Higher net margin
NJR
NJR
19.7% more per $
NJR
23.3%
3.6%
VTR
Faster 2-yr revenue CAGR
NJR
NJR
Annualised
NJR
111.6%
17.5%
VTR

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
NJR
NJR
VTR
VTR
Revenue
$939.4M
$1.7B
Net Profit
$218.9M
$59.0M
Gross Margin
Operating Margin
32.0%
Net Margin
23.3%
3.6%
Revenue YoY
-33.0%
22.0%
Net Profit YoY
7.2%
19.0%
EPS (diluted)
$2.16

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
VTR
VTR
Q1 26
$939.4M
$1.7B
Q4 25
$440.9M
$1.6B
Q3 25
$188.3M
$1.5B
Q2 25
$234.8M
$1.4B
Q1 25
$569.2M
$1.4B
Q4 24
$359.0M
$1.3B
Q3 24
$265.7M
$1.2B
Q2 24
$209.9M
$1.2B
Net Profit
NJR
NJR
VTR
VTR
Q1 26
$218.9M
$59.0M
Q4 25
$122.5M
$73.0M
Q3 25
$15.1M
$68.7M
Q2 25
$-15.1M
$71.5M
Q1 25
$204.3M
$48.4M
Q4 24
$131.3M
$58.7M
Q3 24
$91.1M
$21.0M
Q2 24
$-11.6M
$21.2M
Operating Margin
NJR
NJR
VTR
VTR
Q1 26
32.0%
Q4 25
40.6%
4.9%
Q3 25
21.5%
3.0%
Q2 25
-0.5%
3.0%
Q1 25
49.2%
3.0%
Q4 24
52.8%
-0.0%
Q3 24
55.0%
1.5%
Q2 24
2.8%
-1.6%
Net Margin
NJR
NJR
VTR
VTR
Q1 26
23.3%
3.6%
Q4 25
27.8%
4.7%
Q3 25
8.0%
4.6%
Q2 25
-6.4%
5.0%
Q1 25
35.9%
3.6%
Q4 24
36.6%
4.6%
Q3 24
34.3%
1.7%
Q2 24
-5.5%
1.8%
EPS (diluted)
NJR
NJR
VTR
VTR
Q1 26
$2.16
Q4 25
$1.21
$0.15
Q3 25
$0.15
$0.14
Q2 25
$-0.15
$0.15
Q1 25
$2.02
$0.10
Q4 24
$1.31
$0.13
Q3 24
$0.91
$0.05
Q2 24
$-0.12
$0.05

Balance Sheet & Financial Strength

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

Metric
NJR
NJR
VTR
VTR
Cash + ST InvestmentsLiquidity on hand
$183.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.2B
Total Assets
$27.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NJR
NJR
VTR
VTR
Q1 26
$183.6M
Q4 25
$2.4M
$741.1M
Q3 25
$591.0K
$188.6M
Q2 25
$931.0K
$614.2M
Q1 25
$83.7M
$182.3M
Q4 24
$1.9M
$897.9M
Q3 24
$1.0M
$1.1B
Q2 24
$22.4M
$557.1M
Total Debt
NJR
NJR
VTR
VTR
Q1 26
Q4 25
$3.3B
$13.0B
Q3 25
$3.3B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
$13.5B
Q3 24
$2.9B
Q2 24
$2.8B
Stockholders' Equity
NJR
NJR
VTR
VTR
Q1 26
$13.2B
Q4 25
$2.5B
$12.5B
Q3 25
$2.4B
$12.4B
Q2 25
$2.4B
$11.5B
Q1 25
$2.5B
$11.5B
Q4 24
$2.3B
$10.8B
Q3 24
$2.2B
$9.8B
Q2 24
$2.1B
$9.6B
Total Assets
NJR
NJR
VTR
VTR
Q1 26
$27.7B
Q4 25
$7.9B
$27.6B
Q3 25
$7.6B
$26.9B
Q2 25
$7.3B
$26.5B
Q1 25
$7.3B
$26.0B
Q4 24
$7.2B
$26.2B
Q3 24
$7.0B
$25.3B
Q2 24
$6.8B
$24.5B
Debt / Equity
NJR
NJR
VTR
VTR
Q1 26
Q4 25
1.32×
1.04×
Q3 25
1.36×
Q2 25
1.25×
Q1 25
1.20×
Q4 24
1.29×
1.26×
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
NJR

Utility$640.9M68%
Nonutility$298.5M32%

VTR
VTR

Resident fees and services$1.3B78%
Outpatient medical and research portfolio$230.1M14%
Triple-net leased properties$123.1M7%
Third-party capital management revenues$4.4M0%

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