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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($440.9M vs $340.0M, roughly 1.3× Walker & Dunlop, Inc.). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs -12.9%, a 40.7% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs -0.4%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
NJR vs WD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $440.9M | $340.0M |
| Net Profit | $122.5M | $-13.9M |
| Gross Margin | — | — |
| Operating Margin | 40.6% | -17.2% |
| Net Margin | 27.8% | -12.9% |
| Revenue YoY | 22.8% | -0.4% |
| Net Profit YoY | -6.7% | -131.0% |
| EPS (diluted) | $1.21 | $-0.41 |
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.
| Q4 25 | $440.9M | $340.0M | ||
| Q3 25 | $188.3M | $337.7M | ||
| Q2 25 | $234.8M | $319.2M | ||
| Q1 25 | $569.2M | $237.4M | ||
| Q4 24 | $359.0M | $341.5M | ||
| Q3 24 | $265.7M | $292.3M | ||
| Q2 24 | $209.9M | $270.7M | ||
| Q1 24 | $433.2M | $228.1M |
| Q4 25 | $122.5M | $-13.9M | ||
| Q3 25 | $15.1M | $33.5M | ||
| Q2 25 | $-15.1M | $34.0M | ||
| Q1 25 | $204.3M | $2.8M | ||
| Q4 24 | $131.3M | $44.8M | ||
| Q3 24 | $91.1M | $28.8M | ||
| Q2 24 | $-11.6M | $22.7M | ||
| Q1 24 | $120.8M | $11.9M |
| Q4 25 | 40.6% | -17.2% | ||
| Q3 25 | 21.5% | 13.6% | ||
| Q2 25 | -0.5% | 14.5% | ||
| Q1 25 | 49.2% | 2.2% | ||
| Q4 24 | 52.8% | 15.3% | ||
| Q3 24 | 55.0% | 12.8% | ||
| Q2 24 | 2.8% | 10.4% | ||
| Q1 24 | 39.3% | 6.0% |
| Q4 25 | 27.8% | -12.9% | ||
| Q3 25 | 8.0% | 9.9% | ||
| Q2 25 | -6.4% | 10.6% | ||
| Q1 25 | 35.9% | 1.2% | ||
| Q4 24 | 36.6% | 13.1% | ||
| Q3 24 | 34.3% | 9.9% | ||
| Q2 24 | -5.5% | 8.4% | ||
| Q1 24 | 27.9% | 5.2% |
| Q4 25 | $1.21 | $-0.41 | ||
| Q3 25 | $0.15 | $0.98 | ||
| Q2 25 | $-0.15 | $0.99 | ||
| Q1 25 | $2.02 | $0.08 | ||
| Q4 24 | $1.31 | $1.32 | ||
| Q3 24 | $0.91 | $0.85 | ||
| Q2 24 | $-0.12 | $0.67 | ||
| Q1 24 | $1.22 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $2.5B | $1.7B |
| Total Assets | $7.9B | $5.1B |
| Debt / EquityLower = less leverage | 1.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $299.3M | ||
| Q3 25 | $591.0K | $274.8M | ||
| Q2 25 | $931.0K | $233.7M | ||
| Q1 25 | $83.7M | $181.0M | ||
| Q4 24 | $1.9M | $279.3M | ||
| Q3 24 | $1.0M | $179.8M | ||
| Q2 24 | $22.4M | $208.1M | ||
| Q1 24 | $5.0M | $216.5M |
| 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 24 | $2.7B | — |
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.4B | $1.8B | ||
| Q2 25 | $2.4B | $1.8B | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $2.3B | $1.7B | ||
| Q3 24 | $2.2B | $1.7B | ||
| Q2 24 | $2.1B | $1.7B | ||
| Q1 24 | $2.2B | $1.7B |
| Q4 25 | $7.9B | $5.1B | ||
| Q3 25 | $7.6B | $5.8B | ||
| Q2 25 | $7.3B | $4.7B | ||
| Q1 25 | $7.3B | $4.5B | ||
| Q4 24 | $7.2B | $4.4B | ||
| Q3 24 | $7.0B | $4.6B | ||
| Q2 24 | $6.8B | $4.2B | ||
| Q1 24 | $6.6B | $3.8B |
| 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× | — | ||
| Q1 24 | 1.25× | — |
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 | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 0.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $-664.3M | ||
| Q3 25 | $81.2M | $-948.1M | ||
| Q2 25 | $-28.9M | $-238.5M | ||
| Q1 25 | $423.0M | $-281.1M | ||
| Q4 24 | $-9.0M | $129.4M | ||
| Q3 24 | $64.5M | $-202.0M | ||
| Q2 24 | $24.3M | $-237.8M | ||
| Q1 24 | $292.2M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | — | $-241.7M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | — | -89.3% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 5.39× | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | 2.07× | -102.07× | ||
| Q4 24 | -0.07× | 2.89× | ||
| Q3 24 | 0.71× | -7.01× | ||
| Q2 24 | — | -10.49× | ||
| Q1 24 | 2.42× | 3.24× |
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% |
WD
Segment breakdown not available.
