New Jersey Resources (NJR) Financials

$48.70 +0.00 (+0.01%)

Closing price 03:59 PM Eastern

Extended Trading

$48.74 +0.04 (+0.08%)

As of 04:32 PM Eastern

Annual Income Statements for New Jersey Resources

This table shows New Jersey Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	181	132	132	233	124	163	118	275	265	290
Consolidated Net Income / (Loss)	181	132	132	233	124	163	118	275	265	290
Net Income / (Loss) Continuing Operations	181	132	132	233	124	163	118	275	265	290
Total Pre-Tax Income	227	146	137	167	129	185	234	343	310	369
Total Operating Income	248	168	171	200	165	229	288	406	407	458
Total Gross Profit	648	742	524	648	556	655	812	964	991	1,087
Total Revenue	2,734	1,881	2,269	2,915	2,592	1,954	2,157	2,906	1,963	1,797
Operating Revenue	2,734	1,881	2,269	2,915	2,592	1,954	2,157	2,906	1,963	1,797
Total Cost of Revenue	2,086	1,139	1,745	2,267	2,036	1,299	1,345	1,942	972	710
Operating Cost of Revenue	2,086	1,139	1,745	2,267	2,036	1,299	1,345	1,942	972	710
Total Operating Expenses	400	574	353	448	391	426	524	558	584	629
Selling, General & Admin Expense	209	208	222	315	268	278	367	362	374	395
Depreciation Expense	61	73	82	86	81	107	111	129	153	167
Other Operating Expenses / (Income)	129	293	49	47	42	41	45	67	58	67
Total Other Income / (Expense), net	-21	-22	-35	-33	-36	-44	-54	-64	-97	-89
Interest Expense	28	31	45	46	47	68	79	86	123	130
Other Income / (Expense), net	6.55	9.20	10	13	11	24	25	22	26	42
Income Tax Expense	60	24	18	-54	18	36	33	76	49	85
Other Gains / (Losses), net	13	9.52	14	13	14	14	-83	8.18	3.93	5.30
Basic Earnings per Share	$2.12	$1.53	$1.53	$2.66	$1.39	$1.72	$1.23	$2.86	$2.73	$2.94
Weighted Average Basic Shares Outstanding	85.19M	85.88M	86.32M	87.69M	89.24M	94.80M	96.23M	96.10M	97.03M	98.63M
Diluted Earnings per Share	$2.10	$1.52	$1.52	$2.64	$1.38	$1.71	$1.22	$2.85	$2.71	$2.92
Weighted Average Diluted Shares Outstanding	86.27M	86.73M	87.14M	88.32M	89.60M	95.10M	96.56M	96.49M	97.63M	99.29M
Weighted Average Basic & Diluted Shares Outstanding	42.70M	86.10M	43.20M	87.80M	89.20M	96.13M	95.95M	96.39M	97.71M	99.77M
Cash Dividends to Common per Share	$0.92	$0.98	$1.04	$1.11	$1.19	$1.27	$1.36	$1.48	$1.59	$1.71

This table shows New Jersey Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	13	55	116	110	1.53	37	89	121	-12	91	131
Consolidated Net Income / (Loss)	13	55	116	110	1.53	37	89	121	-12	91	131
Net Income / (Loss) Continuing Operations	13	55	116	110	1.53	37	89	121	-12	91	131
Total Pre-Tax Income	13	65	148	140	-20	42	111	154	-16	120	167
Total Operating Income	30	81	173	165	4.73	64	136	170	5.94	146	190
Total Gross Profit	161	240	309	327	146	209	292	347	161	287	293
Total Revenue	552	765	724	644	264	331	467	658	276	396	488
Operating Revenue	552	765	724	644	264	331	467	658	276	396	488
Total Cost of Revenue	391	526	415	317	118	122	176	311	114	109	195
Operating Cost of Revenue	391	526	415	317	118	122	176	311	114	109	195
Total Operating Expenses	131	159	136	162	141	145	156	177	155	141	103
Selling, General & Admin Expense	88	119	80	99	94	101	94	107	104	89	89
Depreciation Expense	33	35	37	38	39	39	40	40	41	45	45
Other Operating Expenses / (Income)	10	5.32	20	25	7.99	4.76	21	29	10	7.11	24
Other Special Charges / (Income)	-	-	-	-	-	-	0.00	-	-	-	-55
Total Other Income / (Expense), net	-17	-16	-25	-25	-24	-22	-25	-16	-22	-26	-22
Interest Expense	21	26	29	30	30	33	31	32	31	36	34
Other Income / (Expense), net	4.29	9.74	4.66	4.78	5.71	11	6.34	15	9.56	10	12
Income Tax Expense	4.43	12	33	31	-21	6.22	23	34	-2.76	31	37
Other Gains / (Losses), net	4.80	2.03	0.95	1.13	0.70	1.15	1.66	0.74	1.34	1.56	1.40
Basic Earnings per Share	$0.14	$0.56	$1.20	$1.14	$0.02	$0.37	$0.91	$1.23	($0.12)	$0.92	$1.32
Weighted Average Basic Shares Outstanding	96.15M	96.10M	96.49M	96.89M	97.17M	97.03M	97.87M	98.38M	98.98M	98.63M	99.86M
Diluted Earnings per Share	$0.14	$0.55	$1.19	$1.13	$0.02	$0.37	$0.91	$1.22	($0.12)	$0.91	$1.31
Weighted Average Diluted Shares Outstanding	96.62M	96.49M	97.08M	97.56M	97.89M	97.63M	98.56M	99.10M	98.98M	99.29M	100.48M
Weighted Average Basic & Diluted Shares Outstanding	96.23M	96.39M	96.89M	96.96M	97.56M	97.71M	98.30M	98.82M	99.17M	99.77M	100.29M
Cash Dividends to Common per Share	$0.36	-	$0.39	$0.39	$0.39	-	$0.42	$0.42	$0.42	-	$0.45

This table details how cash moves in and out of New Jersey Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	2.78	33	-37	-0.76	2.35	115	-113	-4.59	0.07	0.10
Net Cash From Operating Activities	391	143	248	398	194	213	391	323	479	427
Net Cash From Continuing Operating Activities	391	143	248	398	192	213	391	323	479	427
Net Income / (Loss) Continuing Operations	181	132	132	233	124	163	118	275	265	290
Consolidated Net Income / (Loss)	181	132	132	233	124	163	118	275	265	290
Depreciation Expense	61	73	82	86	81	107	111	129	153	167
Amortization Expense	-	0.00	0.76	18	8.42	4.92	4.60	2.56	2.27	0.13
Non-Cash Adjustments To Reconcile Net Income	-3.21	-34	-22	-35	-67	-40	59	-37	-25	-45
Changes in Operating Assets and Liabilities, net	152	-28	55	95	46	-22	98	-46	84	16
Net Cash From Investing Activities	-322	-363	-392	-373	-287	-994	-622	-591	-539	-569
Net Cash From Continuing Investing Activities	-322	-363	-392	-373	-287	-994	-622	-591	-539	-569
Purchase of Property, Plant & Equipment	-292	-327	-296	-337	-486	-448	-574	-559	-500	-523
Sale and/or Maturity of Investments	5.64	2.35	9.39	9.73	37	1.91	3.18	7.82	2.29	2.25
Other Investing Activities, net	-30	-28	-32	-48	-40	-22	-50	-39	-41	-48
Net Cash From Financing Activities	-66	253	107	-26	96	896	118	263	60	142
Net Cash From Continuing Financing Activities	-66	253	107	-26	96	896	118	263	60	142
Repayment of Debt	-272	42	-98	-280	-219	-270	234	-172	-244	-85
Payment of Dividends	-77	-82	-88	-96	-104	-118	-117	-128	-151	-165
Issuance of Debt	250	275	244	225	341	1,010	0.00	510	225	250
Issuance of Common Equity	37	16	17	59	74	231	15	15	58	74
Other Financing Activities, net	5.07	3.56	38	66	2.79	43	13	37	172	68
Cash Interest Paid	24	32	44	45	50	66	79	84	108	120
Cash Income Taxes Paid	29	-3.52	-6.88	5.58	13	7.59	6.38	4.25	4.28	21

This table details how cash moves in and out of New Jersey Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	13	-27	1.42	25	-27	0.50	1.91	2.32	17	-22	0.95
Net Cash From Operating Activities	-95	88	-89	432	45	91	46	292	24	65	-8.96
Net Cash From Continuing Operating Activities	-95	88	-89	432	45	91	46	292	24	65	-8.96
Net Income / (Loss) Continuing Operations	13	55	116	110	1.53	37	89	121	-12	91	131
Consolidated Net Income / (Loss)	13	55	116	110	1.53	37	89	121	-12	91	131
Depreciation Expense	33	35	37	38	39	39	40	40	41	45	45
Amortization Expense	0.55	0.55	0.53	0.75	0.50	0.49	0.11	0.15	-0.07	-0.06	0.00
Non-Cash Adjustments To Reconcile Net Income	-4.90	-12	-6.33	-1.00	-2.78	-15	-11	-16	-7.95	-11	-59
Changes in Operating Assets and Liabilities, net	-136	10	-236	284	6.65	29	-73	147	2.99	-61	-127
Net Cash From Investing Activities	-138	-156	-146	-116	-116	-160	-114	-121	-158	-176	-19
Net Cash From Continuing Investing Activities	-138	-156	-146	-116	-116	-160	-114	-121	-158	-176	-19
Purchase of Property, Plant & Equipment	-129	-146	-139	-108	-105	-149	-106	-114	-146	-157	-141
Sale of Property, Plant & Equipment	-	-	-	-	-	-	0.00	-	-	-	133
Sale and/or Maturity of Investments	1.69	1.65	0.36	1.01	0.66	0.26	0.83	1.45	0.92	-0.96	0.10
Other Investing Activities, net	-11	-11	-7.33	-9.43	-12	-12	-8.98	-8.46	-12	-19	-11
Net Cash From Financing Activities	245	42	236	-291	45	70	69	-169	151	90	29
Net Cash From Continuing Financing Activities	245	42	236	-291	45	70	69	-169	151	90	29
Repayment of Debt	64	-0.52	-4.78	-242	-48	51	10	-133	52	1.49	-62
Payment of Dividends	-32	-32	-35	-41	-38	-38	-41	-41	-41	-42	-45
Issuance of Debt	210	50	216	-41	-	50	50	-17	125	75	100
Issuance of Common Equity	3.56	3.67	22	3.76	29	3.57	22	22	15	16	24
Other Financing Activities, net	-0.06	20	38	28	102	3.62	28	-0.03	-	40	13
Cash Interest Paid	23	19	23	35	23	28	30	30	30	30	35
Cash Income Taxes Paid	2.50	0.49	0.03	1.94	0.89	1.42	0.63	6.07	6.34	8.27	0.86

This table presents New Jersey Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	3,284	3,719	3,929	4,144	4,373	5,316	5,722	6,261	6,537	6,982
Total Current Assets	488	607	579	770	512	622	634	756	532	555
Cash & Equivalents	4.93	38	2.23	1.46	2.68	117	4.75	1.11	0.95	1.02
Accounts Receivable	156	144	198	207	140	136	199	217	106	117
Inventories, net	171	217	214	199	184	188	213	294	227	238
Prepaid Expenses	-	-	-	-	8.33	6.64	8.17	8.57	9.74	12
Current Deferred & Refundable Income Taxes	37	34	25	23	23	24	51	55	43	67
Other Current Assets	119	175	140	340	154	150	158	181	146	120
Plant, Property, & Equipment, net	2,128	2,408	2,610	2,651	3,046	3,723	4,214	4,650	5,022	5,403
Plant, Property & Equipment, gross	2,622	2,955	3,211	3,304	3,787	4,465	4,997	5,516	5,991	6,497
Accumulated Depreciation	494	547	601	653	741	742	784	866	968	1,093
Total Noncurrent Assets	668	704	739	723	815	971	874	855	983	1,024
Long-Term Investments	191	197	238	224	200	208	115	107	104	102
Intangible Assets	-	0.00	41	23	16	15	11	8.47	8.38	11
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	2.93	28	21
Employee Benefit Assets	-	-	-	-	-	-	-	4.39	19	25
Other Noncurrent Operating Assets	476	507	460	475	599	748	749	733	824	866
Total Liabilities & Shareholders' Equity	3,284	3,719	3,929	4,144	4,373	5,316	5,722	6,261	6,537	6,982
Total Liabilities	2,177	2,552	2,692	2,725	2,821	3,673	4,091	4,444	4,547	4,781
Total Current Liabilities	436	572	803	751	446	534	1,051	1,104	807	888
Short-Term Debt	77	183	431	275	47	153	450	499	368	481
Accounts Payable	100	107	97	135	130	142	223	157	152	169
Customer Deposits	-	-	-	27	27	26	33	33	45	39
Dividends Payable	21	22	24	26	28	32	35	38	41	45
Current Deferred Revenue	21	33	27	-	-	-	1.75	36	61	22
Current Deferred & Payable Income Tax Liabilities	1.33	1.08	2.03	1.57	3.39	2.72	3.36	5.13	10	11
Other Current Liabilities	216	225	222	281	211	179	305	337	129	122
Total Noncurrent Liabilities	1,741	1,980	1,889	1,974	2,375	3,139	3,040	3,340	3,740	3,893
Long-Term Debt	844	1,055	997	1,181	1,537	2,259	2,162	2,485	2,768	2,879
Asset Retirement Reserve & Litigation Obligation	267	242	195	369	365	381	374	368	412	404
Noncurrent Deferred Revenue	29	29	28	9.10	1.55	1.04	0.85	0.75	0.66	3.10
Noncurrent Deferred & Payable Income Tax Liabilities	450	478	519	246	194	141	167	242	288	361
Noncurrent Employee Benefit Liabilities	137	142	129	137	247	237	169	83	103	65
Other Noncurrent Operating Liabilities	14	35	21	32	31	119	167	162	169	181
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,107	1,167	1,237	1,419	1,552	1,644	1,631	1,817	1,991	2,200
Total Preferred & Common Equity	1,107	1,167	1,237	1,419	1,552	1,644	1,631	1,817	1,991	2,200
Total Common Equity	1,107	1,167	1,237	1,419	1,552	1,644	1,631	1,817	1,991	2,200
Common Stock	431	437	442	501	518	732	743	761	802	882
Retained Earnings	778	826	868	1,007	1,076	948	935	1,068	1,178	1,299
Treasury Stock	-92	-81	-70	-76	-10	8.49	-12	-6.81	21	26
Accumulated Other Comprehensive Income / (Loss)	-9.39	-15	-3.26	-13	-32	-44	-35	-4.83	-9.96	-6.52

This table presents New Jersey Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Total Assets	6,162	6,610	6,296	6,313	6,749	6,647	6,784	7,194
Total Current Assets	740	1,012	616	520	677	554	534	731
Cash & Equivalents	28	2.41	27	0.51	2.74	5.04	22	1.91
Accounts Receivable	260	469	229	114	254	250	138	320
Inventories, net	226	276	109	186	225	111	164	232
Prepaid Expenses	9.39	19	15	11	16	16	14	19
Current Deferred & Refundable Income Taxes	36	21	14	36	23	18	55	32
Other Current Assets	181	224	223	172	158	153	142	125
Plant, Property, & Equipment, net	4,541	4,749	4,825	4,893	5,097	5,166	5,285	5,428
Plant, Property & Equipment, gross	5,385	5,643	5,750	5,850	6,096	6,198	6,347	6,497
Accumulated Depreciation	845	894	925	958	999	1,033	1,062	1,068
Total Noncurrent Assets	881	850	855	899	976	928	965	1,035
Long-Term Investments	108	106	105	104	103	102	101	102
Intangible Assets	8.80	8.47	8.05	8.19	9.11	9.73	10	11
Noncurrent Deferred & Refundable Income Taxes	-	-	-	26	23	23	23	23
Employee Benefit Assets	-	-	-	-	19	19	19	23
Other Noncurrent Operating Assets	764	735	742	761	822	775	813	877
Total Liabilities & Shareholders' Equity	6,162	6,610	6,296	6,313	6,749	6,647	6,784	7,194
Total Liabilities	4,393	4,687	4,295	4,317	4,683	4,468	4,641	4,881
Total Current Liabilities	969	1,066	711	669	962	789	894	819
Short-Term Debt	395	545	340	308	488	345	452	429
Accounts Payable	129	110	122	122	106	127	145	113
Customer Deposits	22	41	26	30	45	25	29	43
Dividends Payable	35	38	38	38	41	41	42	45
Current Deferred Revenue	46	40	41	42	119	110	100	22
Current Deferred & Payable Income Tax Liabilities	6.99	10	16	11	11	16	8.61	11
Other Current Liabilities	335	283	129	118	152	125	119	157
Total Noncurrent Liabilities	3,424	3,621	3,584	3,648	3,721	3,679	3,747	4,063
Long-Term Debt	2,525	2,691	2,642	2,729	2,739	2,726	2,794	2,989
Asset Retirement Reserve & Litigation Obligation	357	366	365	362	407	399	394	403
Noncurrent Deferred Revenue	0.78	50	40	31	0.64	0.61	0.59	32
Noncurrent Deferred & Payable Income Tax Liabilities	205	258	283	278	302	333	334	385
Noncurrent Employee Benefit Liabilities	167	84	88	89	102	42	42	71
Other Noncurrent Operating Liabilities	169	172	165	160	169	178	182	181
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,769	1,923	2,001	1,995	2,066	2,179	2,143	2,313
Total Preferred & Common Equity	1,769	1,923	2,001	1,995	2,066	2,179	2,143	2,313
Total Common Equity	1,769	1,923	2,001	1,995	2,066	2,179	2,143	2,313
Common Stock	760	770	772	798	828	850	865	914
Retained Earnings	1,051	1,146	1,218	1,182	1,226	1,306	1,252	1,385
Treasury Stock	-11	12	15	19	22	23	25	20
Accumulated Other Comprehensive Income / (Loss)	-31	-4.52	-4.22	-3.91	-9.56	0.32	0.22	-6.45

This table displays calculated financial ratios and metrics derived from New Jersey Resources' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-26.86%	-31.20%	20.61%	28.50%	-11.08%	-24.63%	10.39%	34.75%	-32.45%	-8.48%
EBITDA Growth	21.00%	-21.15%	5.85%	19.98%	-16.25%	37.58%	17.49%	30.69%	4.94%	13.27%
EBIT Growth	22.16%	-30.69%	2.69%	17.33%	-17.42%	43.77%	23.80%	37.01%	1.01%	15.37%
NOPAT Growth	26.95%	-23.31%	5.52%	78.37%	-46.68%	30.37%	34.60%	27.79%	8.27%	3.06%
Net Income Growth	27.46%	-27.24%	0.30%	76.76%	-46.91%	31.53%	-27.68%	133.20%	-3.71%	9.46%
EPS Growth	25.75%	-27.62%	0.00%	73.68%	-47.73%	23.91%	-28.66%	133.61%	-4.91%	7.75%
Operating Cash Flow Growth	9.16%	-63.52%	73.91%	60.57%	-51.26%	9.97%	83.13%	-17.26%	48.08%	-10.77%
Free Cash Flow Firm Growth	14.53%	-337.52%	46.09%	130.35%	-528.97%	-340.93%	75.91%	-72.50%	104.25%	-897.57%
Invested Capital Growth	5.65%	18.36%	11.67%	9.47%	10.49%	27.07%	10.53%	13.77%	7.00%	8.69%
Revenue Q/Q Growth	-5.32%	1.67%	3.06%	3.95%	-6.10%	-3.89%	6.55%	8.72%	-18.11%	3.72%
EBITDA Q/Q Growth	17.39%	18.29%	-21.62%	5.04%	6.26%	20.10%	-8.61%	17.12%	-1.79%	14.94%
EBIT Q/Q Growth	21.06%	24.66%	-29.31%	8.11%	14.81%	23.21%	-11.96%	21.85%	-3.44%	19.39%
NOPAT Q/Q Growth	12.29%	21.33%	-27.35%	4.48%	-16.07%	58.66%	-8.82%	23.17%	-3.11%	18.28%
Net Income Q/Q Growth	18.78%	19.19%	-31.92%	9.51%	-8.31%	58.54%	-22.30%	25.38%	-6.20%	22.96%
EPS Q/Q Growth	17.98%	17.83%	-32.44%	8.64%	-7.38%	59.81%	-21.29%	24.45%	-6.23%	22.69%
Operating Cash Flow Q/Q Growth	7.28%	36.08%	-7.83%	-4.60%	13.18%	1.12%	4.96%	13.49%	0.73%	-5.86%
Free Cash Flow Firm Q/Q Growth	127.73%	-1.17%	-142.67%	-10.52%	-132.82%	34.13%	-222.11%	19.08%	147.19%	-91.60%
Invested Capital Q/Q Growth	2.67%	3.55%	3.49%	3.79%	5.36%	-2.62%	3.62%	3.15%	2.00%	3.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	23.71%	39.43%	23.09%	22.24%	21.44%	33.53%	37.65%	33.19%	50.50%	60.49%
EBITDA Margin	11.57%	13.26%	11.64%	10.87%	10.24%	18.69%	19.89%	19.29%	29.97%	37.09%
Operating Margin	9.09%	8.91%	7.55%	6.86%	6.35%	11.72%	13.37%	13.99%	20.73%	25.50%
EBIT Margin	9.33%	9.40%	8.00%	7.30%	6.78%	12.94%	14.51%	14.75%	22.06%	27.81%
Profit (Net Income) Margin	6.62%	7.00%	5.82%	8.01%	4.78%	8.34%	5.47%	9.46%	13.49%	16.13%
Tax Burden Percent	79.62%	90.38%	96.68%	140.08%	96.26%	88.02%	50.30%	80.17%	85.38%	78.45%
Interest Burden Percent	89.13%	82.43%	75.27%	78.26%	73.22%	73.26%	74.90%	79.98%	71.60%	73.93%
Effective Tax Rate	26.28%	16.15%	13.43%	-32.28%	14.32%	19.71%	14.20%	22.22%	15.89%	22.99%
Return on Invested Capital (ROIC)	10.16%	6.95%	6.39%	10.31%	5.00%	5.47%	6.25%	7.11%	6.99%	6.68%
ROIC Less NNEP Spread (ROIC-NNEP)	9.87%	5.95%	4.94%	7.81%	3.72%	4.29%	0.67%	5.60%	4.40%	4.70%
Return on Net Nonoperating Assets (RNNOA)	7.30%	4.64%	4.60%	7.27%	3.35%	4.73%	0.95%	8.83%	6.91%	7.15%
Return on Equity (ROE)	17.46%	11.58%	10.99%	17.58%	8.34%	10.20%	7.20%	15.95%	13.90%	13.83%
Cash Return on Invested Capital (CROIC)	4.66%	-9.87%	-4.64%	1.27%	-4.97%	-18.38%	-3.76%	-5.77%	0.22%	-1.65%
Operating Return on Assets (OROA)	7.92%	5.05%	4.75%	5.28%	4.13%	5.22%	5.67%	7.16%	6.77%	7.39%
Return on Assets (ROA)	5.62%	3.76%	3.45%	5.78%	2.91%	3.36%	2.14%	4.59%	4.14%	4.29%
Return on Common Equity (ROCE)	17.46%	11.58%	10.99%	17.58%	8.34%	10.20%	7.20%	15.95%	13.90%	13.83%
Return on Equity Simple (ROE_SIMPLE)	16.35%	11.29%	10.68%	16.45%	7.99%	9.92%	7.23%	15.13%	13.30%	13.17%
Net Operating Profit after Tax (NOPAT)	183	140	148	264	141	184	247	316	342	353
NOPAT Margin	6.70%	7.47%	6.53%	9.07%	5.44%	9.41%	11.47%	10.88%	17.44%	19.64%
Net Nonoperating Expense Percent (NNEP)	0.29%	0.99%	1.45%	2.50%	1.28%	1.18%	5.57%	1.52%	2.59%	1.98%
Cost of Revenue to Revenue	76.29%	60.57%	76.91%	77.76%	78.56%	66.47%	62.35%	66.81%	49.50%	39.51%
SG&A Expenses to Revenue	7.66%	11.08%	9.79%	10.81%	10.34%	14.24%	17.01%	12.45%	19.03%	21.97%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.63%	30.52%	15.54%	15.38%	15.09%	21.81%	24.28%	19.20%	29.76%	34.99%
Earnings before Interest and Taxes (EBIT)	255	177	181	213	176	253	313	429	433	500
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	316	249	264	317	265	365	429	561	588	666
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.76	1.89	2.36	2.36	2.21	1.38	1.87	1.91	1.92	2.13
Price to Tangible Book Value (P/TBV)	1.76	1.89	2.44	2.40	2.23	1.39	1.88	1.92	1.92	2.14
Price to Revenue (P/Rev)	0.71	1.17	1.29	1.15	1.32	1.16	1.41	1.19	1.94	2.61
Price to Earnings (P/E)	10.75	16.77	22.12	14.34	27.67	13.93	25.84	12.61	14.41	16.15
Dividend Yield	4.02%	3.80%	3.07%	2.93%	3.12%	5.37%	4.30%	4.10%	4.07%	3.62%
Earnings Yield	9.30%	5.96%	4.52%	6.98%	3.61%	7.18%	3.87%	7.93%	6.94%	6.19%
Enterprise Value to Invested Capital (EV/IC)	1.44	1.47	1.68	1.71	1.62	1.16	1.33	1.34	1.35	1.44
Enterprise Value to Revenue (EV/Rev)	0.98	1.71	1.81	1.57	1.86	2.23	2.57	2.18	3.49	4.42
Enterprise Value to EBITDA (EV/EBITDA)	8.44	12.88	15.56	14.45	18.13	11.94	12.92	11.31	11.64	11.91
Enterprise Value to EBIT (EV/EBIT)	10.47	18.18	22.64	21.50	27.36	17.24	17.70	14.79	15.81	15.89
Enterprise Value to NOPAT (EV/NOPAT)	14.58	22.87	27.72	17.31	34.12	23.71	22.39	20.06	20.00	22.50
Enterprise Value to Operating Cash Flow (EV/OCF)	6.83	22.52	16.57	11.49	24.78	20.41	14.17	19.61	14.29	18.57
Enterprise Value to Free Cash Flow (EV/FCFF)	31.77	0.00	0.00	140.16	0.00	0.00	0.00	0.00	627.54	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.83	1.06	1.16	1.03	1.02	1.47	1.60	1.64	1.58	1.53
Long-Term Debt to Equity	0.76	0.90	0.81	0.83	0.99	1.37	1.33	1.37	1.39	1.31
Financial Leverage	0.74	0.78	0.93	0.93	0.90	1.10	1.42	1.58	1.57	1.52
Leverage Ratio	3.11	3.08	3.18	3.04	2.87	3.03	3.37	3.48	3.36	3.23
Compound Leverage Factor	2.77	2.54	2.40	2.38	2.10	2.22	2.52	2.78	2.41	2.38
Debt to Total Capital	45.42%	51.49%	53.60%	50.65%	50.52%	59.47%	61.57%	62.15%	61.17%	60.43%
Short-Term Debt to Total Capital	3.82%	7.62%	16.19%	9.58%	1.49%	3.76%	10.61%	10.39%	7.18%	8.65%
Long-Term Debt to Total Capital	41.60%	43.87%	37.41%	41.06%	49.02%	55.71%	50.96%	51.76%	53.99%	51.78%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	54.58%	48.51%	46.40%	49.35%	49.48%	40.53%	38.44%	37.85%	38.83%	39.57%
Debt to EBITDA	2.91	4.96	5.41	4.60	5.97	6.61	6.09	5.32	5.33	5.04
Net Debt to EBITDA	2.29	4.02	4.50	3.88	5.20	5.72	5.81	5.13	5.15	4.89
Long-Term Debt to EBITDA	2.67	4.23	3.78	3.73	5.79	6.19	5.04	4.43	4.71	4.32
Debt to NOPAT	5.03	8.81	9.64	5.51	11.24	13.12	10.56	9.44	9.16	9.52
Net Debt to NOPAT	3.96	7.15	8.01	4.66	9.80	11.35	10.08	9.10	8.85	9.23
Long-Term Debt to NOPAT	4.61	7.51	6.73	4.47	10.90	12.29	8.74	7.86	8.09	8.16
Altman Z-Score	1.98	1.50	1.62	1.96	1.82	1.16	1.15	1.33	1.22	1.28
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.12	1.06	0.72	1.03	1.15	1.17	0.60	0.68	0.66	0.62
Quick Ratio	0.37	0.32	0.25	0.28	0.32	0.47	0.19	0.20	0.13	0.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	84	-200	-108	33	-140	-618	-149	-257	11	-87
Operating Cash Flow to CapEx	133.88%	43.71%	86.58%	118.21%	39.97%	47.64%	68.08%	57.85%	95.73%	81.73%
Free Cash Flow to Firm to Interest Expense	3.03	-6.43	-2.40	0.71	-2.98	-9.14	-1.89	-2.99	0.09	-0.67
Operating Cash Flow to Interest Expense	14.10	4.59	5.53	8.60	4.12	3.16	4.98	3.77	3.89	3.28
Operating Cash Flow Less CapEx to Interest Expense	3.57	-5.92	-0.86	1.33	-6.19	-3.47	-2.33	-2.75	-0.17	-0.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.85	0.54	0.59	0.72	0.61	0.40	0.39	0.49	0.31	0.27
Accounts Receivable Turnover	15.70	12.54	13.27	14.38	14.96	14.17	12.89	14.00	12.18	16.13
Inventory Turnover	9.13	5.87	8.10	10.99	10.64	6.98	6.71	7.66	3.73	3.06
Fixed Asset Turnover	1.36	0.83	0.90	1.11	0.91	0.58	0.54	0.66	0.41	0.34
Accounts Payable Turnover	20.48	11.02	17.10	19.53	15.37	9.58	7.37	10.22	6.30	4.42
Days Sales Outstanding (DSO)	23.25	29.11	27.51	25.38	24.40	25.76	28.32	26.08	29.96	22.63
Days Inventory Outstanding (DIO)	39.96	62.16	45.09	33.21	34.31	52.30	54.44	47.67	97.75	119.34
Days Payable Outstanding (DPO)	17.82	33.13	21.34	18.69	23.75	38.12	49.54	35.73	57.91	82.54
Cash Conversion Cycle (CCC)	45.39	58.14	51.26	39.91	34.97	39.95	33.22	38.02	69.80	59.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,852	2,192	2,448	2,680	2,961	3,762	4,159	4,731	5,063	5,503
Invested Capital Turnover	1.52	0.93	0.98	1.14	0.92	0.58	0.54	0.65	0.40	0.34
Increase / (Decrease) in Invested Capital	99	340	256	232	281	802	396	573	331	440
Enterprise Value (EV)	2,670	3,212	4,109	4,578	4,810	4,357	5,540	6,343	6,845	7,938
Market Capitalization	1,946	2,209	2,921	3,347	3,429	2,271	3,047	3,466	3,814	4,681
Book Value per Share	$12.95	$13.54	$14.29	$16.07	$17.25	$17.14	$16.91	$18.88	$20.40	$22.19
Tangible Book Value per Share	$12.95	$13.54	$13.82	$15.81	$17.06	$16.98	$16.80	$18.80	$20.32	$22.08
Total Capital	2,028	2,405	2,665	2,875	3,136	4,056	4,243	4,802	5,127	5,561
Total Debt	921	1,238	1,428	1,456	1,584	2,412	2,612	2,984	3,136	3,360
Total Long-Term Debt	844	1,055	997	1,181	1,537	2,259	2,162	2,485	2,768	2,879
Net Debt	725	1,004	1,188	1,231	1,381	2,087	2,493	2,877	3,031	3,258
Capital Expenditures (CapEx)	292	326	286	337	486	448	574	559	500	523
Debt-free, Cash-free Net Working Capital (DFCFNWC)	125	181	206	293	109	124	28	150	93	147
Debt-free Net Working Capital (DFNWC)	130	219	208	295	112	241	33	151	94	148
Net Working Capital (NWC)	52	36	-223	19	65	89	-417	-348	-275	-333
Net Nonoperating Expense (NNE)	2.20	8.80	16	31	17	21	130	41	78	63
Net Nonoperating Obligations (NNO)	745	1,026	1,211	1,261	1,409	2,119	2,528	2,914	3,072	3,302
Total Depreciation and Amortization (D&A)	61	73	83	104	90	112	116	132	155	167
Debt-free, Cash-free Net Working Capital to Revenue	4.56%	9.64%	9.07%	10.06%	4.22%	6.36%	1.31%	5.16%	4.73%	8.16%
Debt-free Net Working Capital to Revenue	4.74%	11.63%	9.16%	10.11%	4.32%	12.35%	1.53%	5.19%	4.77%	8.22%
Net Working Capital to Revenue	1.91%	1.90%	-9.85%	0.66%	2.52%	4.54%	-19.34%	-11.98%	-13.99%	-18.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.12	$1.53	$1.53	$2.66	$1.90	$2.05	$1.23	$2.86	$2.73	$2.94
Adjusted Weighted Average Basic Shares Outstanding	85.19M	85.88M	86.32M	87.69M	89.24M	94.80M	96.23M	96.10M	97.03M	98.63M
Adjusted Diluted Earnings per Share	$2.10	$1.52	$1.52	$2.64	$1.89	$2.04	$1.22	$2.85	$2.71	$2.92
Adjusted Weighted Average Diluted Shares Outstanding	86.27M	86.73M	87.14M	88.32M	89.62M	95.11M	96.56M	96.49M	97.63M	99.29M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	85.80M	86.10M	86.87M	88.51M	90.16M	96.13M	95.95M	96.39M	97.71M	99.77M
Normalized Net Operating Profit after Tax (NOPAT)	183	140	148	140	141	184	247	316	342	353
Normalized NOPAT Margin	6.70%	7.47%	6.53%	4.80%	5.44%	9.41%	11.47%	10.88%	17.44%	19.64%
Pre Tax Income Margin	8.31%	7.75%	6.02%	5.72%	4.97%	9.48%	10.87%	11.80%	15.80%	20.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.20	5.69	4.04	4.60	3.73	3.74	3.98	5.00	3.52	3.84
NOPAT to Interest Expense	6.61	4.53	3.30	5.71	2.99	2.72	3.15	3.68	2.78	2.71
EBIT Less CapEx to Interest Expense	-1.34	-4.82	-2.34	-2.68	-6.58	-2.89	-3.33	-1.52	-0.55	-0.18
NOPAT Less CapEx to Interest Expense	-3.93	-5.99	-3.08	-1.57	-7.32	-3.91	-4.16	-2.83	-1.28	-1.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	42.29%	62.61%	66.62%	41.05%	83.96%	72.27%	99.21%	46.45%	57.03%	56.96%
Augmented Payout Ratio	48.14%	63.38%	71.44%	41.05%	83.96%	72.27%	122.30%	46.45%	57.03%	56.96%

This table displays calculated financial ratios and metrics derived from New Jersey Resources' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	50.26%	43.75%	7.06%	-29.41%	-52.19%	-56.72%	-35.43%	2.16%	4.38%	19.45%	4.53%
EBITDA Growth	1,078.99%	187.17%	11.80%	19.11%	-26.22%	-8.53%	-14.95%	8.17%	13.06%	75.29%	35.04%
EBIT Growth	250.61%	558.12%	10.20%	18.85%	-69.37%	-17.01%	-19.88%	9.22%	48.31%	107.85%	41.53%
NOPAT Growth	200.89%	2,910.39%	9.40%	21.00%	-82.91%	-16.60%	-19.81%	2.86%	25.39%	98.45%	36.72%
Net Income Growth	111.67%	4,912.18%	4.14%	14.80%	-88.26%	-32.09%	-22.87%	9.58%	-855.48%	146.13%	46.87%
EPS Growth	112.07%	5,600.00%	2.59%	13.00%	-85.71%	-32.73%	-23.53%	7.96%	-700.00%	145.95%	43.96%
Operating Cash Flow Growth	-552.47%	78.21%	-137.78%	17.45%	147.35%	3.99%	152.18%	-32.37%	-45.75%	-29.18%	-119.29%
Free Cash Flow Firm Growth	-228.68%	-28.71%	-12.28%	-17.16%	32.71%	45.45%	93.00%	60.93%	9.00%	-19.68%	-781.00%
Invested Capital Growth	14.30%	13.77%	13.74%	12.60%	8.21%	7.00%	2.78%	6.06%	6.92%	8.69%	8.48%
Revenue Q/Q Growth	-39.46%	38.59%	-5.48%	-10.99%	-59.00%	25.47%	41.01%	40.82%	-58.10%	43.59%	23.39%
EBITDA Q/Q Growth	-61.49%	86.23%	70.71%	-2.73%	-76.14%	130.86%	58.73%	23.72%	-75.06%	257.92%	22.28%
EBIT Q/Q Growth	-76.16%	165.86%	95.75%	-4.22%	-93.85%	620.26%	88.96%	30.59%	-91.66%	909.39%	28.67%
NOPAT Q/Q Growth	-81.82%	238.86%	104.36%	-3.91%	-97.43%	1,553.62%	96.50%	23.24%	-96.87%	2,517.12%	35.38%
Net Income Q/Q Growth	-86.41%	317.70%	112.61%	-4.89%	-98.61%	2,316.71%	141.49%	35.12%	-109.58%	887.33%	44.11%
EPS Q/Q Growth	-86.00%	292.86%	116.36%	-5.04%	-98.23%	1,750.00%	145.95%	34.07%	-109.84%	858.33%	43.96%
Operating Cash Flow Q/Q Growth	-125.71%	192.63%	-201.53%	585.76%	-89.64%	103.44%	-49.05%	529.51%	-91.69%	165.57%	-113.88%
Free Cash Flow Firm Q/Q Growth	-55.42%	8.54%	5.31%	12.96%	10.74%	25.86%	87.84%	-385.50%	-107.91%	2.50%	10.48%
Invested Capital Q/Q Growth	5.66%	3.15%	7.52%	-3.91%	1.54%	2.00%	3.27%	-0.85%	2.37%	3.68%	3.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.19%	31.29%	42.71%	50.82%	55.22%	63.11%	62.42%	52.70%	58.52%	72.55%	59.97%
EBITDA Margin	12.22%	16.43%	29.67%	32.42%	18.87%	34.71%	39.07%	34.33%	20.43%	50.94%	50.48%
Operating Margin	5.40%	10.57%	23.88%	25.65%	1.79%	19.40%	29.07%	25.87%	2.15%	36.92%	38.82%
EBIT Margin	6.17%	11.84%	24.52%	26.39%	3.96%	22.71%	30.43%	28.22%	5.62%	39.51%	41.20%
Profit (Net Income) Margin	2.36%	7.12%	16.02%	17.12%	0.58%	11.17%	19.14%	18.36%	-4.20%	23.02%	26.89%
Tax Burden Percent	102.89%	84.36%	78.35%	78.92%	-7.79%	87.97%	80.78%	78.44%	73.82%	75.72%	78.49%
Interest Burden Percent	37.21%	71.30%	83.38%	82.20%	-188.36%	55.95%	77.86%	82.97%	-101.21%	76.97%	83.16%
Effective Tax Rate	34.95%	18.79%	22.29%	21.89%	0.00%	14.77%	20.72%	22.04%	0.00%	25.58%	22.35%
Return on Invested Capital (ROIC)	2.18%	5.61%	11.47%	11.66%	0.63%	6.63%	7.63%	6.89%	0.51%	9.34%	10.05%
ROIC Less NNEP Spread (ROIC-NNEP)	1.94%	5.20%	10.85%	10.97%	0.57%	6.04%	7.05%	6.49%	0.00%	8.79%	9.57%
Return on Net Nonoperating Assets (RNNOA)	2.89%	8.21%	17.64%	15.78%	0.87%	9.49%	11.18%	9.14%	-0.01%	13.37%	14.25%
Return on Equity (ROE)	5.07%	13.82%	29.11%	27.43%	1.50%	16.12%	18.80%	16.04%	0.50%	22.71%	24.30%
Cash Return on Invested Capital (CROIC)	-7.38%	-5.77%	-6.00%	-4.27%	-0.48%	0.22%	3.40%	0.46%	-0.88%	-1.65%	-0.94%
Operating Return on Assets (OROA)	2.85%	5.74%	11.51%	11.65%	1.52%	6.97%	7.77%	7.50%	1.49%	10.50%	10.74%
Return on Assets (ROA)	1.09%	3.45%	7.52%	7.56%	0.22%	3.43%	4.89%	4.88%	-1.11%	6.12%	7.01%
Return on Common Equity (ROCE)	5.07%	13.82%	29.11%	27.43%	1.50%	16.12%	18.80%	16.04%	0.50%	22.71%	24.30%
Return on Equity Simple (ROE_SIMPLE)	12.40%	0.00%	14.54%	14.68%	14.14%	0.00%	11.53%	11.42%	11.00%	0.00%	14.34%
Net Operating Profit after Tax (NOPAT)	19	66	134	129	3.31	55	108	133	4.16	109	147
NOPAT Margin	3.51%	8.58%	18.56%	20.03%	1.25%	16.54%	23.05%	20.17%	1.51%	27.48%	30.14%
Net Nonoperating Expense Percent (NNEP)	0.25%	0.41%	0.62%	0.69%	0.06%	0.59%	0.58%	0.40%	0.51%	0.55%	0.49%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	2.03%	-	-	-	2.57%
Cost of Revenue to Revenue	70.81%	68.71%	57.29%	49.18%	44.78%	36.89%	37.58%	47.30%	41.48%	27.45%	40.03%
SG&A Expenses to Revenue	16.00%	15.51%	10.99%	15.39%	35.68%	30.41%	20.21%	16.30%	37.87%	22.39%	18.15%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	23.80%	20.72%	18.83%	25.17%	53.42%	43.71%	33.35%	26.83%	56.36%	35.63%	21.15%
Earnings before Interest and Taxes (EBIT)	34	91	177	170	10	75	142	186	15	156	201
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	68	126	215	209	50	115	183	226	56	202	247
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.25	1.91	2.35	2.46	2.21	1.92	2.03	1.92	1.97	2.13	2.01
Price to Tangible Book Value (P/TBV)	2.27	1.92	2.36	2.47	2.22	1.92	2.04	1.93	1.98	2.14	2.02
Price to Revenue (P/Rev)	1.49	1.19	1.53	1.83	1.84	1.94	2.45	2.43	2.44	2.61	2.56
Price to Earnings (P/E)	18.19	12.61	16.17	16.74	15.60	14.41	17.57	16.79	17.92	16.15	14.03
Dividend Yield	3.50%	4.10%	3.20%	3.02%	3.44%	4.07%	3.78%	3.88%	3.93%	3.62%	3.73%
Earnings Yield	5.50%	7.93%	6.18%	5.97%	6.41%	6.94%	5.69%	5.96%	5.58%	6.19%	7.13%
Enterprise Value to Invested Capital (EV/IC)	1.48	1.34	1.50	1.59	1.48	1.35	1.40	1.38	1.38	1.44	1.40
Enterprise Value to Revenue (EV/Rev)	2.53	2.18	2.59	2.89	3.06	3.49	4.28	4.15	4.24	4.42	4.38
Enterprise Value to EBITDA (EV/EBITDA)	14.15	11.31	13.11	12.60	12.24	11.64	13.14	12.46	12.67	11.91	10.91
Enterprise Value to EBIT (EV/EBIT)	19.24	14.79	17.18	16.45	16.35	15.81	18.37	17.27	17.55	15.89	14.26
Enterprise Value to NOPAT (EV/NOPAT)	26.38	20.06	23.34	22.18	20.76	20.00	23.07	22.36	24.63	22.50	20.30
Enterprise Value to Operating Cash Flow (EV/OCF)	23.76	19.61	28.12	23.11	15.42	14.29	11.89	15.05	16.18	18.57	21.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	627.54	41.64	305.04	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.65	1.64	1.68	1.49	1.52	1.58	1.56	1.41	1.51	1.53	1.48
Long-Term Debt to Equity	1.43	1.37	1.40	1.32	1.37	1.39	1.33	1.25	1.30	1.31	1.29
Financial Leverage	1.49	1.58	1.63	1.44	1.54	1.57	1.59	1.41	1.48	1.52	1.49
Leverage Ratio	3.35	3.48	3.46	3.21	3.31	3.36	3.35	3.10	3.16	3.23	3.18
Compound Leverage Factor	1.25	2.48	2.88	2.64	-6.24	1.88	2.61	2.57	-3.20	2.48	2.65
Debt to Total Capital	62.27%	62.15%	62.72%	59.85%	60.34%	61.17%	60.97%	58.49%	60.23%	60.43%	59.64%
Short-Term Debt to Total Capital	8.43%	10.39%	10.56%	6.82%	6.11%	7.18%	9.22%	6.56%	8.39%	8.65%	7.48%
Long-Term Debt to Total Capital	53.85%	51.76%	52.17%	53.03%	54.23%	53.99%	51.74%	51.93%	51.84%	51.78%	52.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	37.73%	37.85%	37.28%	40.15%	39.66%	38.83%	39.03%	41.51%	39.77%	39.57%	40.36%
Debt to EBITDA	6.10	5.32	5.55	4.84	5.07	5.33	5.80	5.36	5.60	5.04	4.68
Net Debt to EBITDA	5.82	5.13	5.36	4.62	4.89	5.15	5.61	5.17	5.39	4.89	4.54
Long-Term Debt to EBITDA	5.27	4.43	4.61	4.28	4.56	4.71	4.92	4.76	4.82	4.32	4.09
Debt to NOPAT	11.37	9.44	9.88	8.52	8.59	9.16	10.19	9.61	10.88	9.52	8.71
Net Debt to NOPAT	10.84	9.10	9.54	8.14	8.30	8.85	9.85	9.28	10.47	9.23	8.45
Long-Term Debt to NOPAT	9.84	7.86	8.21	7.55	7.72	8.09	8.65	8.53	9.37	8.16	7.62
Altman Z-Score	1.19	1.15	1.35	1.46	1.23	1.04	1.06	1.14	1.00	1.12	1.17
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.76	0.68	0.95	0.87	0.78	0.66	0.70	0.70	0.60	0.62	0.89
Quick Ratio	0.30	0.20	0.44	0.36	0.17	0.13	0.27	0.32	0.18	0.13	0.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-555	-507	-480	-418	-373	-277	-34	-163	-340	-331	-296
Operating Cash Flow to CapEx	-73.34%	60.04%	-64.18%	400.95%	42.59%	61.19%	43.93%	255.81%	16.60%	41.17%	-104.19%
Free Cash Flow to Firm to Interest Expense	-25.90	-19.49	-16.28	-13.81	-12.39	-8.35	-1.07	-5.16	-10.89	-9.19	-8.74
Operating Cash Flow to Interest Expense	-4.42	3.37	-3.02	14.28	1.49	2.75	1.47	9.24	0.78	1.79	-0.26
Operating Cash Flow Less CapEx to Interest Expense	-10.44	-2.24	-7.72	10.72	-2.00	-1.74	-1.88	5.63	-3.92	-2.56	-0.52
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.49	0.47	0.44	0.38	0.31	0.26	0.27	0.26	0.27	0.26
Accounts Receivable Turnover	11.70	14.00	7.53	10.00	12.79	12.18	4.72	7.18	13.72	16.13	6.34
Inventory Turnover	9.73	7.66	7.27	16.76	6.68	3.73	2.93	6.61	4.14	3.06	3.19
Fixed Asset Turnover	0.62	0.66	0.65	0.58	0.51	0.41	0.35	0.34	0.34	0.34	0.35
Accounts Payable Turnover	12.40	10.22	14.03	13.46	10.93	6.30	6.78	5.84	5.42	4.42	6.69
Days Sales Outstanding (DSO)	31.21	26.08	48.46	36.51	28.54	29.96	77.30	50.81	26.61	22.63	57.59
Days Inventory Outstanding (DIO)	37.51	47.67	50.22	21.78	54.62	97.75	124.66	55.18	88.24	119.34	114.29
Days Payable Outstanding (DPO)	29.45	35.73	26.01	27.12	33.39	57.91	53.82	62.47	67.32	82.54	54.57
Cash Conversion Cycle (CCC)	39.27	38.02	72.67	31.16	49.78	69.80	148.15	43.52	47.53	59.42	117.31
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,587	4,731	5,087	4,888	4,964	5,063	5,229	5,184	5,307	5,503	5,672
Invested Capital Turnover	0.62	0.65	0.62	0.58	0.50	0.40	0.33	0.34	0.34	0.34	0.33
Increase / (Decrease) in Invested Capital	574	573	614	547	376	331	141	296	344	440	444
Enterprise Value (EV)	6,771	6,343	7,648	7,768	7,334	6,845	7,307	7,141	7,346	7,938	7,969
Market Capitalization	3,987	3,466	4,521	4,918	4,402	3,814	4,186	4,177	4,224	4,681	4,654
Book Value per Share	$18.39	$18.88	$19.93	$20.65	$20.58	$20.40	$21.11	$22.17	$21.69	$22.19	$23.18
Tangible Book Value per Share	$18.30	$18.80	$19.84	$20.57	$20.49	$20.32	$21.02	$22.07	$21.58	$22.08	$23.07
Total Capital	4,688	4,802	5,158	4,983	5,031	5,127	5,293	5,250	5,389	5,561	5,731
Total Debt	2,920	2,984	3,235	2,982	3,036	3,136	3,227	3,071	3,246	3,360	3,418
Total Long-Term Debt	2,525	2,485	2,691	2,642	2,729	2,768	2,739	2,726	2,794	2,879	2,989
Net Debt	2,784	2,877	3,127	2,850	2,931	3,031	3,121	2,964	3,123	3,258	3,315
Capital Expenditures (CapEx)	129	146	139	108	105	149	106	114	146	157	8.60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	138	150	488	217	158	93	200	104	70	147	339
Debt-free Net Working Capital (DFNWC)	166	151	490	244	159	94	203	109	92	148	341
Net Working Capital (NWC)	-229	-348	-54	-96	-149	-275	-285	-235	-360	-333	-88
Net Nonoperating Expense (NNE)	6.34	11	18	19	1.78	18	18	12	16	18	16
Net Nonoperating Obligations (NNO)	2,819	2,914	3,165	2,888	2,968	3,072	3,162	3,005	3,164	3,302	3,360
Total Depreciation and Amortization (D&A)	33	35	37	39	39	40	40	40	41	45	45
Debt-free, Cash-free Net Working Capital to Revenue	5.16%	5.16%	16.51%	8.09%	6.61%	4.73%	11.75%	6.05%	4.04%	8.16%	18.63%
Debt-free Net Working Capital to Revenue	6.20%	5.19%	16.59%	9.10%	6.63%	4.77%	11.91%	6.34%	5.33%	8.22%	18.74%
Net Working Capital to Revenue	-8.58%	-11.98%	-1.84%	-3.56%	-6.20%	-13.99%	-16.70%	-13.68%	-20.78%	-18.55%	-4.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.14	$0.56	$1.20	$1.14	$0.02	$0.37	$0.91	$1.23	($0.12)	$0.92	$1.32
Adjusted Weighted Average Basic Shares Outstanding	96.15M	96.10M	96.49M	96.89M	97.17M	97.03M	97.87M	98.38M	98.98M	98.63M	99.86M
Adjusted Diluted Earnings per Share	$0.14	$0.55	$1.19	$1.13	$0.02	$0.37	$0.91	$1.22	($0.12)	$0.91	$1.31
Adjusted Weighted Average Diluted Shares Outstanding	96.62M	96.49M	97.08M	97.56M	97.89M	97.63M	98.56M	99.10M	98.98M	99.29M	100.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	96.23M	96.39M	96.89M	96.96M	97.56M	97.71M	98.30M	98.82M	99.17M	99.77M	100.29M
Normalized Net Operating Profit after Tax (NOPAT)	19	66	134	129	3.31	55	108	133	4.16	109	105
Normalized NOPAT Margin	3.51%	8.58%	18.56%	20.03%	1.25%	16.54%	23.05%	20.17%	1.51%	27.48%	21.42%
Pre Tax Income Margin	2.30%	8.44%	20.45%	21.69%	-7.45%	12.70%	23.69%	23.41%	-5.69%	30.41%	34.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.59	3.48	6.02	5.62	0.35	2.27	4.52	5.87	0.50	4.34	5.94
NOPAT to Interest Expense	0.91	2.53	4.55	4.26	0.11	1.65	3.42	4.20	0.13	3.02	4.34
EBIT Less CapEx to Interest Expense	-4.43	-2.12	1.32	2.06	-3.14	-2.22	1.16	2.26	-4.20	-0.01	5.68
NOPAT Less CapEx to Interest Expense	-5.12	-3.08	-0.15	0.70	-3.38	-2.84	0.06	0.58	-4.56	-1.33	4.09
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	55.76%	46.45%	46.64%	47.38%	51.38%	57.03%	66.09%	63.48%	68.50%	56.96%	50.90%
Augmented Payout Ratio	55.76%	46.45%	46.64%	47.38%	51.38%	57.03%	66.09%	63.48%	68.50%	56.96%	50.90%

Frequently Asked Questions About New Jersey Resources' Financials

When does New Jersey Resources's financial year end?

According to the most recent income statement we have on file, New Jersey Resources' fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has New Jersey Resources' net income changed over the last 9 years?

New Jersey Resources' net income appears to be on an upward trend, with a most recent value of $289.78 million in 2024, rising from $180.96 million in 2015. The previous period was $264.72 million in 2023.

What is New Jersey Resources's operating income?

New Jersey Resources's total operating income in 2024 was $458.10 million, based on the following breakdown:

Total Gross Profit: $1.09 billion
Total Operating Expenses: $628.68 million

How has New Jersey Resources revenue changed over the last 9 years?

Over the last 9 years, New Jersey Resources' total revenue changed from $2.73 billion in 2015 to $1.80 billion in 2024, a change of -34.3%.

How much debt does New Jersey Resources have?

New Jersey Resources' total liabilities were at $4.78 billion at the end of 2024, a 5.2% increase from 2023, and a 119.6% increase since 2015.

How much cash does New Jersey Resources have?

In the past 9 years, New Jersey Resources' cash and equivalents has ranged from $954 thousand in 2023 to $117.01 million in 2020, and is currently $1.02 million as of their latest financial filing in 2024.

How has New Jersey Resources' book value per share changed over the last 9 years?

Over the last 9 years, New Jersey Resources' book value per share changed from 12.95 in 2015 to 22.19 in 2024, a change of 71.4%.

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This page (NYSE:NJR) was last updated on 4/15/2025 by MarketBeat.com Staff

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New Jersey Resources (NJR) Financials

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