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Side-by-side financial comparison of NEW JERSEY RESOURCES CORP (NJR) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
NEW JERSEY RESOURCES CORP is the larger business by last-quarter revenue ($939.4M vs $654.0M, roughly 1.4× ZILLOW GROUP, INC.). NEW JERSEY RESOURCES CORP runs the higher net margin — 23.3% vs 0.5%, a 22.8% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs -33.0%). Over the past eight quarters, NEW JERSEY RESOURCES CORP's revenue compounded faster (111.6% CAGR vs 11.2%).
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.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
NJR vs ZG — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $939.4M | $654.0M |
| Net Profit | $218.9M | $3.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | 32.0% | -1.7% |
| Net Margin | 23.3% | 0.5% |
| Revenue YoY | -33.0% | 18.1% |
| Net Profit YoY | 7.2% | 105.8% |
| EPS (diluted) | $2.16 | $0.01 |
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 | $654.0M | ||
| Q3 25 | $188.3M | $676.0M | ||
| Q2 25 | $234.8M | $655.0M | ||
| Q1 25 | $569.2M | $598.0M | ||
| Q4 24 | $359.0M | $554.0M | ||
| Q3 24 | $265.7M | $581.0M | ||
| Q2 24 | $209.9M | $572.0M |
| Q1 26 | $218.9M | — | ||
| Q4 25 | $122.5M | $3.0M | ||
| Q3 25 | $15.1M | $10.0M | ||
| Q2 25 | $-15.1M | $2.0M | ||
| Q1 25 | $204.3M | $8.0M | ||
| Q4 24 | $131.3M | $-52.0M | ||
| Q3 24 | $91.1M | $-20.0M | ||
| Q2 24 | $-11.6M | $-17.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 72.8% | ||
| Q3 25 | — | 72.6% | ||
| Q2 25 | — | 74.7% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 75.9% | ||
| Q2 24 | — | 77.3% |
| Q1 26 | 32.0% | — | ||
| Q4 25 | 40.6% | -1.7% | ||
| Q3 25 | 21.5% | -0.4% | ||
| Q2 25 | -0.5% | -1.7% | ||
| Q1 25 | 49.2% | -1.5% | ||
| Q4 24 | 52.8% | -12.5% | ||
| Q3 24 | 55.0% | -7.7% | ||
| Q2 24 | 2.8% | -6.6% |
| Q1 26 | 23.3% | — | ||
| Q4 25 | 27.8% | 0.5% | ||
| Q3 25 | 8.0% | 1.5% | ||
| Q2 25 | -6.4% | 0.3% | ||
| Q1 25 | 35.9% | 1.3% | ||
| Q4 24 | 36.6% | -9.4% | ||
| Q3 24 | 34.3% | -3.4% | ||
| Q2 24 | -5.5% | -3.0% |
| Q1 26 | $2.16 | — | ||
| Q4 25 | $1.21 | $0.01 | ||
| Q3 25 | $0.15 | $0.04 | ||
| Q2 25 | $-0.15 | $0.01 | ||
| Q1 25 | $2.02 | $0.03 | ||
| Q4 24 | $1.31 | $-0.23 | ||
| Q3 24 | $0.91 | $-0.08 | ||
| Q2 24 | $-0.12 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $768.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $4.9B |
| Total Assets | — | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.4M | $768.0M | ||
| Q3 25 | $591.0K | $874.0M | ||
| Q2 25 | $931.0K | $587.0M | ||
| Q1 25 | $83.7M | $914.0M | ||
| Q4 24 | $1.9M | $1.1B | ||
| Q3 24 | $1.0M | $1.1B | ||
| Q2 24 | $22.4M | $1.2B |
| 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 | $4.9B | ||
| Q3 25 | $2.4B | $5.0B | ||
| Q2 25 | $2.4B | $4.7B | ||
| Q1 25 | $2.5B | $4.8B | ||
| Q4 24 | $2.3B | $4.8B | ||
| Q3 24 | $2.2B | $4.7B | ||
| Q2 24 | $2.1B | $4.5B |
| Q1 26 | — | — | ||
| Q4 25 | $7.9B | $5.7B | ||
| Q3 25 | $7.6B | $5.7B | ||
| Q2 25 | $7.3B | $5.4B | ||
| Q1 25 | $7.3B | $5.7B | ||
| Q4 24 | $7.2B | $5.8B | ||
| Q3 24 | $7.0B | $6.2B | ||
| Q2 24 | $6.8B | $6.6B |
| 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 | — | $72.0M |
| Free Cash FlowOCF − Capex | — | $44.0M |
| FCF MarginFCF / Revenue | — | 6.7% |
| Capex IntensityCapex / Revenue | — | 4.3% |
| Cash ConversionOCF / Net Profit | — | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $72.0M | ||
| Q3 25 | $81.2M | $105.0M | ||
| Q2 25 | $-28.9M | $87.0M | ||
| Q1 25 | $423.0M | $104.0M | ||
| Q4 24 | $-9.0M | $122.0M | ||
| Q3 24 | $64.5M | $171.0M | ||
| Q2 24 | $24.3M | $55.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $44.0M | ||
| Q3 25 | — | $73.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $68.0M | ||
| Q4 24 | — | $88.0M | ||
| Q3 24 | — | $138.0M | ||
| Q2 24 | — | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.7% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.22× | 24.00× | ||
| Q3 25 | 5.39× | 10.50× | ||
| Q2 25 | — | 43.50× | ||
| Q1 25 | 2.07× | 13.00× | ||
| Q4 24 | -0.07× | — | ||
| Q3 24 | 0.71× | — | ||
| Q2 24 | — | — |
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% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
