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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $440.9M, roughly 1.4× NEW JERSEY RESOURCES CORP). NEW JERSEY RESOURCES CORP runs the higher net margin — 27.8% vs 13.4%, a 14.4% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs 15.7%). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% 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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
NJR vs WTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $440.9M | $625.1M |
| Net Profit | $122.5M | $83.7M |
| Gross Margin | — | 49.5% |
| Operating Margin | 40.6% | 18.2% |
| Net Margin | 27.8% | 13.4% |
| Revenue YoY | 22.8% | 15.7% |
| Net Profit YoY | -6.7% | 24.0% |
| EPS (diluted) | $1.21 | $2.50 |
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 | $625.1M | ||
| Q3 25 | $188.3M | $611.7M | ||
| Q2 25 | $234.8M | $643.7M | ||
| Q1 25 | $569.2M | $558.0M | ||
| Q4 24 | $359.0M | $540.4M | ||
| Q3 24 | $265.7M | $543.6M | ||
| Q2 24 | $209.9M | $597.3M | ||
| Q1 24 | $433.2M | $570.9M |
| Q4 25 | $122.5M | $83.7M | ||
| Q3 25 | $15.1M | $82.2M | ||
| Q2 25 | $-15.1M | $100.9M | ||
| Q1 25 | $204.3M | $74.0M | ||
| Q4 24 | $131.3M | $67.5M | ||
| Q3 24 | $91.1M | $69.1M | ||
| Q2 24 | $-11.6M | $82.0M | ||
| Q1 24 | $120.8M | $72.6M |
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
| Q4 25 | 40.6% | 18.2% | ||
| Q3 25 | 21.5% | 18.2% | ||
| Q2 25 | -0.5% | 21.0% | ||
| Q1 25 | 49.2% | 15.7% | ||
| Q4 24 | 52.8% | 16.5% | ||
| Q3 24 | 55.0% | 17.1% | ||
| Q2 24 | 2.8% | 18.7% | ||
| Q1 24 | 39.3% | 16.9% |
| Q4 25 | 27.8% | 13.4% | ||
| Q3 25 | 8.0% | 13.4% | ||
| Q2 25 | -6.4% | 15.7% | ||
| Q1 25 | 35.9% | 13.3% | ||
| Q4 24 | 36.6% | 12.5% | ||
| Q3 24 | 34.3% | 12.7% | ||
| Q2 24 | -5.5% | 13.7% | ||
| Q1 24 | 27.9% | 12.7% |
| Q4 25 | $1.21 | $2.50 | ||
| Q3 25 | $0.15 | $2.45 | ||
| Q2 25 | $-0.15 | $3.01 | ||
| Q1 25 | $2.02 | $2.21 | ||
| Q4 24 | $1.31 | $2.02 | ||
| Q3 24 | $0.91 | $2.06 | ||
| Q2 24 | $-0.12 | $2.44 | ||
| Q1 24 | $1.22 | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $2.5B | $2.0B |
| Total Assets | $7.9B | $2.9B |
| Debt / EquityLower = less leverage | 1.32× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4M | $405.5M | ||
| Q3 25 | $591.0K | $457.7M | ||
| Q2 25 | $931.0K | $369.3M | ||
| Q1 25 | $83.7M | $336.8M | ||
| Q4 24 | $1.9M | $386.9M | ||
| Q3 24 | $1.0M | $303.9M | ||
| Q2 24 | $22.4M | $279.4M | ||
| Q1 24 | $5.0M | $237.1M |
| 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 | $2.0B | ||
| Q3 25 | $2.4B | $2.0B | ||
| Q2 25 | $2.4B | $1.9B | ||
| Q1 25 | $2.5B | $1.8B | ||
| Q4 24 | $2.3B | $1.7B | ||
| Q3 24 | $2.2B | $1.7B | ||
| Q2 24 | $2.1B | $1.6B | ||
| Q1 24 | $2.2B | $1.6B |
| Q4 25 | $7.9B | $2.9B | ||
| Q3 25 | $7.6B | $2.7B | ||
| Q2 25 | $7.3B | $2.6B | ||
| Q1 25 | $7.3B | $2.5B | ||
| Q4 24 | $7.2B | $2.4B | ||
| Q3 24 | $7.0B | $2.4B | ||
| Q2 24 | $6.8B | $2.4B | ||
| Q1 24 | $6.6B | $2.3B |
| 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 | $154.7M |
| Free Cash FlowOCF − Capex | — | $140.3M |
| FCF MarginFCF / Revenue | — | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 0.22× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.7M | $154.7M | ||
| Q3 25 | $81.2M | $122.4M | ||
| Q2 25 | $-28.9M | $69.7M | ||
| Q1 25 | $423.0M | $55.2M | ||
| Q4 24 | $-9.0M | $139.5M | ||
| Q3 24 | $64.5M | $90.7M | ||
| Q2 24 | $24.3M | $85.3M | ||
| Q1 24 | $292.2M | $45.6M |
| Q4 25 | — | $140.3M | ||
| Q3 25 | — | $110.9M | ||
| Q2 25 | — | $59.5M | ||
| Q1 25 | — | $45.6M | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | $84.3M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | — | $35.5M |
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 6.2% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 0.22× | 1.85× | ||
| Q3 25 | 5.39× | 1.49× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | 2.07× | 0.75× | ||
| Q4 24 | -0.07× | 2.07× | ||
| Q3 24 | 0.71× | 1.31× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | 2.42× | 0.63× |
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% |
WTS
Segment breakdown not available.
