NJR vs SR
NEW Jersey Resources Corp. and Spire Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | NJR | SR |
|---|---|---|
| Revenue | $2.0B | $2.5B |
| Net income | $335.6M | $271.7M |
| Gross margin | · | 58.8% |
| Net margin | 16.5% | 11.0% |
| Return on equity | 14.6% | 8.2% |
| Diluted EPS | $3.33 | $4.37 |
| Dividend / share | $1.82 | $3.14 |
| Payout ratio | 53.7% | 67.1% |
| Free cash flow | · | $-344.4M |
| Equity | $2.4B | $3.4B |
| Net debt / equity | 1.44× | 1.14× |
| Current ratio | 0.73× | 0.32× |
| Revenue CAGR 5y | 0.8% | 5.9% |
| Profit CAGR 5y | 15.5% | 25.1% |
SR bills 1.2× the revenue of NJR, and NJR keeps more of each dollar of revenue as profit (16.5% against 11.0%).
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 | NJR | SR |
|---|---|---|
| FY2025 | $2.0B | $2.5B |
| FY2024 | $1.8B | $2.6B |
| FY2023 | $2.0B | $2.7B |
| FY2022 | $2.9B | $2.2B |
| FY2021 | $2.2B | $2.2B |
| FY2020 | $2.0B | $1.9B |
| FY2019 | $2.6B | $2.0B |
| FY2018 | $2.9B | $2.0B |
| FY2017 | $2.3B | $1.7B |
| FY2016 | $1.9B | $1.5B |
Bottom line
| Fiscal year | NJR | SR |
|---|---|---|
| FY2025 | $335.6M | $271.7M |
| FY2024 | $289.8M | $250.9M |
| FY2023 | $264.7M | $217.5M |
| FY2022 | $274.9M | $220.8M |
| FY2021 | $117.9M | $271.7M |
| FY2020 | $163.0M | $88.6M |
| FY2019 | $123.9M | $184.6M |
| FY2018 | $233.4M | $214.2M |
| FY2017 | $132.1M | $161.6M |
| FY2016 | $131.7M | $144.2M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$439,988,000 | SR |
| FY2024 | −$796,461,000 | SR |
| FY2023 | −$703,306,000 | SR |
| FY2022 | +$707,479,000 | NJR |
| FY2021 | −$78,887,000 | SR |
| FY2020 | +$98,268,000 | NJR |
| FY2019 | +$639,645,000 | NJR |
| FY2018 | +$950,109,000 | NJR |
| FY2017 | +$527,917,000 | NJR |
| FY2016 | +$343,605,000 | NJR |
| FY2015 | +$757,587,000 | NJR |
| FY2014 | +$2,110,945,000 | NJR |
| FY2013 | +$2,181,068,000 | NJR |
| FY2012 | +$1,123,423,000 | NJR |
| FY2011 | +$1,432,849,000 | NJR |
| FY2010 | +$904,275,000 | NJR |
| FY2009 | +$697,262,000 | NJR |
| FY2008 | +$1,607,237,000 | NJR |
The higher-revenue side has changed between NJR and SR over this period. The gap has narrowed since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +5.5 pp | NJR |
| FY2024 | +6.5 pp | NJR |
| FY2023 | +5.3 pp | NJR |
| FY2022 | −0.6 pp | SR |
| FY2021 | −6.7 pp | SR |
| FY2020 | +3.6 pp | NJR |
| FY2019 | −4.7 pp | SR |
| FY2018 | −2.7 pp | SR |
| FY2017 | −3.3 pp | SR |
| FY2016 | −2.2 pp | SR |
| FY2015 | −0.2 pp | SR |
| FY2014 | −1.3 pp | SR |
| FY2013 | −1.5 pp | SR |
| FY2012 | −1.3 pp | SR |
| FY2011 | −0.6 pp | SR |
| FY2010 | +1.4 pp | NJR |
| FY2009 | −2.3 pp | SR |
| FY2008 | −0.6 pp | SR |
The higher net margin has changed hands between NJR and SR over this period.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NJR's net margin has been more volatile than SR's over the 18 comparable fiscal years — 4.3 percentage points of standard deviation against 2.9.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between NJR and SR over these 18 fiscal years — NJR led in 5 and SR in 13.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
NJR's return on equity has been more volatile than SR's over the 18 comparable fiscal years — 3.6 percentage points of standard deviation against 2.6.
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 NJR and SR over these 18 fiscal years — NJR led in 15 and SR in 3.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.