New Jersey Resources Corporation (NJR) Income Statement
NJR FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsNJR revenue and net income
Where NJR's revenue goes
FY2025Each bar shows an amount and its share of revenue. NJR kept 16.5% of revenue as net income.
NJR profit margins
NJR growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.9% | −11.3% | +0.8% | −2.8% |
| Gross profit | −0.2% | +3.1% | +20.4% | +8.3% |
| Operating income | −0.2% | +3.1% | +20.4% | +11.8% |
| Net income | +15.8% | +6.9% | +15.5% | +6.4% |
| EPS (diluted) | +11.5% | +9.4% | +9.7% | +6.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NJR quarterly EPS vs estimates
New Jersey Resources beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 18, 2026 (estimate $0.12).
NJR income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.03B | $1.78B | $1.93B | $2.91B | $2.13B | $1.95B | $2.60B | $2.92B | $2.26B | $1.85B |
| Cost of revenue | $1.60B | $1.35B | $1.63B | $2.52B | $1.83B | $1.78B | $2.43B | $2.64B | $2.05B | $1.67B |
| Gross profit | $435.8M | $436.7M | $299.8M | $397.1M | $301.0M | $172.2M | $171.7M | $285.5M | $209.9M | $176.0M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $117.4M | $87.8M | $51.0M | $59.4M | $38.3M | $34.5M | $33.9M | $39.0M | $40.2M | $39.3M |
| Total operating expenses | $1.53B | $238.4M | $203.5M | $188.7M | $149.7M | $141.9M | $11.2M | $52.1M | $49.4M | $40.2M |
| Operating income | $435.8M | $436.7M | $299.8M | $397.1M | $301.0M | $172.2M | $160.5M | $233.4M | $160.5M | $135.8M |
| Interest income | $116.1M | $121.6M | $114.1M | $83.1M | $76.4M | $64.6M | $39.3M | $40.4M | $42.9M | $30.9M |
| Interest expense | $128.6M | $130.3M | $123.0M | $85.8M | $78.6M | $67.6M | $47.1M | $46.3M | $44.9M | $31.0M |
| Income before taxes | $432.6M | $374.7M | $314.0M | $351.1M | $151.2M | $199.5M | $131.8M | $179.7M | $150.4M | $155.2M |
| Income taxes | $97.0M | $84.9M | $49.3M | $76.2M | $33.3M | $36.5M | −$37.8M | −$53.8M | $18.3M | $23.5M |
| Net income | $335.6M | $289.8M | $264.7M | $274.9M | $117.9M | $163.0M | $169.5M | $233.4M | $132.1M | $131.7M |
| EBITDA | $743.9M | $666.3M | $594.1M | $556.6M | $433.5M | $360.2M | $266.4M | $318.8M | $264.9M | $250.7M |
| EPS (diluted) | $3.29 | $2.95 | $2.70 | $2.51 | $2.15 | $2.07 | $1.97 | $2.09 | $1.74 | $1.60 |
| Gross margin | 21.4% | 24.5% | 15.5% | 13.6% | 14.2% | 8.8% | 6.6% | 9.8% | 9.3% | 9.5% |
| Operating margin | 21.4% | 24.5% | 15.5% | 13.6% | 14.2% | 8.8% | 6.2% | 8.0% | 7.1% | 7.3% |
| Net margin | 16.5% | 16.2% | 13.7% | 9.4% | 5.5% | 8.3% | 6.5% | 8.0% | 5.8% | 7.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $349.2M | $939.4M | $605.6M | $341.5M | $323.9M | $876.9M | $491.0M | $397.6M | $272.1M | $661.6M | $453.2M | $327.6M |
| Cost of revenue | $317.3M | $638.4M | $342.9M | $304.4M | $310.7M | $628.0M | $353.4M | $250.5M | $264.5M | $483.8M | $348.9M | $271.0M |
| Gross profit | $31.9M | $301.0M | $261.9M | $37.1M | $13.2M | $249.0M | $137.6M | $147.1M | $7.6M | $177.8M | $104.3M | $56.6M |
| Sales, general & admin | — | — | $33.2M | $9.3M | $13.8M | $51.3M | $25.4M | $6.8M | — | — | — | — |
| Total operating expenses | $317.3M | $638.4M | $82.7M | $1.36B | $60.5M | $95.8M | $12.9M | $52.1M | $52.0M | $72.1M | $59.5M | $42.3M |
| Operating income | $31.9M | $301.0M | $180.3M | $37.1M | $13.2M | $249.0M | $137.6M | $147.1M | $7.6M | $177.8M | $104.3M | $56.6M |
| Interest income | — | — | $35.7M | $24.5M | $29.5M | $30.4M | $31.8M | $33.6M | — | — | — | — |
| Interest expense | $35.2M | $35.0M | $35.7M | $30.5M | $31.7M | $32.5M | $33.9M | $36.0M | $31.2M | $31.6M | $31.5M | $33.1M |
| Income before taxes | $13.0M | $285.1M | $156.7M | $18.2M | −$20.2M | $265.9M | $168.7M | $121.9M | −$14.3M | $154.8M | $112.3M | $43.2M |
| Income taxes | $3.4M | $66.2M | $34.2M | $3.1M | −$5.1M | $61.6M | $37.4M | $30.8M | −$2.8M | $33.9M | $22.9M | $6.2M |
| Net income | $9.7M | $218.9M | $122.5M | $15.1M | −$15.1M | $204.3M | $131.3M | $91.1M | −$11.6M | $120.8M | $89.4M | $37.0M |
| EBITDA | $85.4M | $370.2M | $240.1M | $95.5M | $57.0M | $344.9M | $246.5M | $200.7M | $56.1M | $225.6M | $182.6M | $121.8M |
| EPS (diluted) | $0.11 | $2.20 | $1.17 | $0.16 | $0.06 | $1.78 | $1.29 | $0.89 | −$0.09 | $1.41 | $0.74 | $0.30 |
| Gross margin | 9.1% | 32.0% | 43.3% | 10.9% | 4.1% | 28.4% | 28.0% | 37.0% | 2.8% | 26.9% | 23.0% | 17.3% |
| Operating margin | 9.1% | 32.0% | 29.8% | 10.9% | 4.1% | 28.4% | 28.0% | 37.0% | 2.8% | 26.9% | 23.0% | 17.3% |
| Net margin | 2.8% | 23.3% | 20.2% | 4.4% | −4.6% | 23.3% | 26.7% | 22.9% | −4.3% | 18.3% | 19.7% | 11.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NJR's financial statements (latest annual report filed November 20, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NJR financial results
In fiscal year 2025 (ended September 30, 2025), New Jersey Resources reported revenue of $2.0 billion, up 13.9% from the year before. It had net income of $335.6 million (up 15.8%), a net profit margin of 16.5%. Diluted earnings per share came to $3.29. Over five years revenue grew at an average rate of 0.8% a year.
See the NJR stock overview for the latest quote and news, or the NJR chart for price history and technical indicators.
NJR income statement FAQ
What is New Jersey Resources's annual revenue?
New Jersey Resources reported total revenue of $2.0 billion for fiscal year 2025, which ended on September 30, 2025. That was up 13.9% from $1.8 billion the previous year.
Is New Jersey Resources profitable?
Yes. New Jersey Resources reported net income of $335.6 million in fiscal 2025, a net profit margin of 16.5%; its operating margin was 21.4%.
What is New Jersey Resources's gross margin?
New Jersey Resources's gross margin was 21.4% in fiscal 2025: for every $100 of revenue, New Jersey Resources kept $21 after the direct cost of its products and services.
How fast is New Jersey Resources growing?
Revenue grew 0.8% a year on average over the last five fiscal years, from $2.0 billion to $2.0 billion.
What are New Jersey Resources's earnings per share?
New Jersey Resources earned $3.29 per diluted share in fiscal 2025, compared with $2.95 a year earlier.
When will New Jersey Resources report its next earnings?
New Jersey Resources is expected to report results for the quarter ending September 30, 2026 on November 18, 2026.
When does New Jersey Resources's fiscal year end?
New Jersey Resources's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 20, 2025.