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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $440.9M, roughly 1.3× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs -33.1%, a 60.9% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs -6.1%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (0.9% CAGR vs -1.8%).
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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
NJR vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $440.9M | $566.0M |
| Net Profit | $122.5M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 40.6% | -32.5% |
| Net Margin | 27.8% | -33.1% |
| Revenue YoY | 22.8% | -6.1% |
| Net Profit YoY | -6.7% | -310.0% |
| EPS (diluted) | $1.21 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $188.3M | $566.8M | ||
| Q2 25 | $234.8M | $589.1M | ||
| Q1 25 | $569.2M | $559.6M | ||
| Q4 24 | $359.0M | $602.5M | ||
| Q3 24 | $265.7M | $601.4M | ||
| Q2 24 | $209.9M | $604.6M | ||
| Q1 24 | $433.2M | $587.2M |
| Q4 25 | $122.5M | $-187.3M | ||
| Q3 25 | $15.1M | $43.3M | ||
| Q2 25 | $-15.1M | $47.9M | ||
| Q1 25 | $204.3M | $43.1M | ||
| Q4 24 | $131.3M | $89.2M | ||
| Q3 24 | $91.1M | $-70.5M | ||
| Q2 24 | $-11.6M | $-46.9M | ||
| Q1 24 | $120.8M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | 40.6% | -32.5% | ||
| Q3 25 | 21.5% | 21.0% | ||
| Q2 25 | -0.5% | 21.5% | ||
| Q1 25 | 49.2% | 21.3% | ||
| Q4 24 | 52.8% | 28.9% | ||
| Q3 24 | 55.0% | -5.9% | ||
| Q2 24 | 2.8% | -0.9% | ||
| Q1 24 | 39.3% | 22.1% |
| Q4 25 | 27.8% | -33.1% | ||
| Q3 25 | 8.0% | 7.6% | ||
| Q2 25 | -6.4% | 8.1% | ||
| Q1 25 | 35.9% | 7.7% | ||
| Q4 24 | 36.6% | 14.8% | ||
| Q3 24 | 34.3% | -11.7% | ||
| Q2 24 | -5.5% | -7.7% | ||
| Q1 24 | 27.9% | 9.6% |
| Q4 25 | $1.21 | $-1.02 | ||
| Q3 25 | $0.15 | $0.24 | ||
| Q2 25 | $-0.15 | $0.26 | ||
| Q1 25 | $2.02 | $0.23 | ||
| Q4 24 | $1.31 | $0.48 | ||
| Q3 24 | $0.91 | $-0.37 | ||
| Q2 24 | $-0.12 | $-0.25 | ||
| Q1 24 | $1.22 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $3.3B | $3.6B |
| Stockholders' EquityBook value | $2.5B | $856.3M |
| Total Assets | $7.9B | $5.8B |
| Debt / EquityLower = less leverage | 1.32× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $14.6M | ||
| Q3 25 | $591.0K | $14.8M | ||
| Q2 25 | $931.0K | $12.8M | ||
| Q1 25 | $83.7M | $10.7M | ||
| Q4 24 | $1.9M | $9.0M | ||
| Q3 24 | $1.0M | $11.0M | ||
| Q2 24 | $22.4M | $5.9M | ||
| Q1 24 | $5.0M | $13.1M |
| Q4 25 | $3.3B | $3.6B | ||
| Q3 25 | $3.3B | $3.6B | ||
| Q2 25 | $3.0B | $3.7B | ||
| Q1 25 | $3.0B | $3.6B | ||
| Q4 24 | $3.0B | $3.7B | ||
| Q3 24 | $2.9B | $3.6B | ||
| Q2 24 | $2.8B | $3.5B | ||
| Q1 24 | $2.7B | $3.5B |
| Q4 25 | $2.5B | $856.3M | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $2.4B | $1.0B | ||
| Q1 25 | $2.5B | $1.0B | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.1B | $1.2B | ||
| Q1 24 | $2.2B | $1.3B |
| Q4 25 | $7.9B | $5.8B | ||
| Q3 25 | $7.6B | $6.1B | ||
| Q2 25 | $7.3B | $6.1B | ||
| Q1 25 | $7.3B | $6.0B | ||
| Q4 24 | $7.2B | $6.0B | ||
| Q3 24 | $7.0B | $6.0B | ||
| Q2 24 | $6.8B | $6.0B | ||
| Q1 24 | $6.6B | $6.2B |
| Q4 25 | 1.32× | 4.15× | ||
| Q3 25 | 1.36× | 3.39× | ||
| Q2 25 | 1.25× | 3.55× | ||
| Q1 25 | 1.20× | 3.56× | ||
| Q4 24 | 1.29× | 3.62× | ||
| Q3 24 | 1.31× | 3.42× | ||
| Q2 24 | 1.30× | 2.88× | ||
| Q1 24 | 1.25× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | — | $149.7M |
| FCF MarginFCF / Revenue | — | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 0.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $158.9M | ||
| Q3 25 | $81.2M | $191.2M | ||
| Q2 25 | $-28.9M | $205.3M | ||
| Q1 25 | $423.0M | $206.6M | ||
| Q4 24 | $-9.0M | $178.9M | ||
| Q3 24 | $64.5M | $-1.6M | ||
| Q2 24 | $24.3M | $175.6M | ||
| Q1 24 | $292.2M | $208.7M |
| Q4 25 | — | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | — | $199.0M | ||
| Q1 25 | — | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $169.4M | ||
| Q1 24 | — | $202.1M |
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | 28.0% | ||
| Q1 24 | — | 34.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 5.39× | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | 2.07× | 4.80× | ||
| Q4 24 | -0.07× | 2.01× | ||
| Q3 24 | 0.71× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 2.42× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
