MDU vs NJR
MDU Resources Group Inc. and NEW Jersey Resources Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MDU | NJR |
|---|---|---|
| Revenue | $1.9B | $2.0B |
| Net income | $190.4M | $335.6M |
| Gross margin | · | · |
| Net margin | 10.2% | 16.5% |
| Return on equity | 7.0% | 14.6% |
| Diluted EPS | $0.93 | $3.33 |
| Dividend / share | $0.54 | $1.82 |
| Payout ratio | 56.9% | 53.7% |
| Free cash flow | $-297.0M | · |
| Equity | $2.8B | $2.4B |
| Net debt / equity | 0.96× | 1.44× |
| Current ratio | 0.84× | 0.73× |
| Revenue CAGR 5y | −19.5% | 0.8% |
| Profit CAGR 5y | −13.4% | 15.5% |
MDU and NJR book revenue within 15% of each other, and NJR keeps more of each dollar of revenue as profit (16.5% against 10.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MDU | NJR |
|---|---|---|
| FY2025 | $1.9B | $2.0B |
| FY2024 | $1.8B | $1.8B |
| FY2023 | $1.8B | $2.0B |
| FY2022 | $1.8B | $2.9B |
| FY2021 | $3.5B | $2.2B |
| FY2020 | $5.5B | $2.0B |
| FY2019 | $5.3B | $2.6B |
| FY2018 | $4.5B | $2.9B |
| FY2017 | $4.4B | $2.3B |
| FY2016 | $4.1B | $1.9B |
Bottom line
| Fiscal year | MDU | NJR |
|---|---|---|
| FY2025 | $190.4M | $335.6M |
| FY2024 | $281.1M | $289.8M |
| FY2023 | $414.7M | $264.7M |
| FY2022 | $367.5M | $274.9M |
| FY2021 | $378.1M | $117.9M |
| FY2020 | $390.2M | $163.0M |
| FY2019 | $335.5M | $123.9M |
| FY2018 | $272.3M | $233.4M |
| FY2017 | $281.2M | $132.1M |
| FY2016 | $-67.3M | $131.7M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$161,346,000 | NJR |
| FY2024 | −$38,561,000 | NJR |
| FY2023 | −$157,187,000 | NJR |
| FY2022 | −$1,151,821,000 | NJR |
| FY2021 | +$1,297,823,000 | MDU |
| FY2020 | +$3,579,082,000 | MDU |
| FY2019 | +$2,744,731,000 | MDU |
| FY2018 | +$1,616,443,000 | MDU |
| FY2017 | +$2,174,734,000 | MDU |
| FY2016 | +$2,247,923,000 | MDU |
| FY2015 | +$1,280,065,000 | MDU |
| FY2014 | +$376,928,000 | MDU |
| FY2013 | +$722,103,000 | MDU |
| FY2012 | +$1,826,508,000 | MDU |
| FY2011 | +$1,041,283,000 | MDU |
| FY2010 | +$1,270,391,000 | MDU |
| FY2009 | +$1,584,041,000 | MDU |
| FY2008 | +$1,187,068,000 | MDU |
The higher-revenue side has changed between MDU and NJR over this period. The gap has narrowed since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −6.3 pp | NJR |
| FY2024 | −0.1 pp | NJR |
| FY2023 | +9.5 pp | MDU |
| FY2022 | +11.5 pp | MDU |
| FY2021 | +5.5 pp | MDU |
| FY2020 | −1.3 pp | NJR |
| FY2019 | +1.5 pp | MDU |
| FY2018 | −2.1 pp | NJR |
| FY2017 | +0.4 pp | MDU |
| FY2016 | −8.8 pp | NJR |
| FY2015 | −23.1 pp | NJR |
| FY2014 | +3.3 pp | MDU |
| FY2013 | +3.5 pp | MDU |
| FY2012 | −4.2 pp | NJR |
| FY2011 | +1.8 pp | MDU |
| FY2010 | +1.6 pp | MDU |
| FY2009 | −4.0 pp | NJR |
| FY2008 | +3.0 pp | MDU |
The higher net margin has changed hands between MDU and NJR over this period.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MDU's net margin has been more volatile than NJR's over the 18 comparable fiscal years — 8.6 percentage points of standard deviation against 4.3.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MDU and NJR over these 18 fiscal years — MDU led in 10 and NJR in 8.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MDU's return on equity has been more volatile than NJR's over the 18 comparable fiscal years — 9.0 percentage points of standard deviation against 3.6.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between MDU and NJR over these 18 fiscal years — MDU led in 4 and NJR in 14.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.