TTM
24.1%
YoY change
−3.04pp
Trough year (2012)
1.0%
Peak year (1985)
100.0%
Latest annual
21.4%
Operating Margin history chart for New Jersey Resources (NJR) from 1985 to 2025
Latest: 21.4%
Operating Margin change chart for New Jersey Resources (NJR) from 1985 to 2025
Latest: −3.04pp
Operating Margin history table for New Jersey Resources (NJR) from 1985 to 2025
| 2025 | 21.4% | -3.04pp | ||
| 2024 | 24.5% | +8.93pp | ||
| 2023 | 15.5% | +1.92pp | ||
| 2022 | 13.6% | -0.53pp | ||
| 2021 | 14.2% | +5.34pp | ||
| 2020 | 8.8% | +2.64pp | ||
| 2019 | 6.2% | -1.81pp | ||
| 2018 | 8.0% | +0.88pp | ||
| 2017 | 7.1% | -0.24pp | ||
| 2016 | 7.3% | +2.06pp | ||
| 2015 | 5.3% | -6.71pp | ||
| 2014 | 12.0% | +7.75pp | ||
| 2013 | 4.3% | +3.25pp | ||
| 2012 | 1.0% | -2.43pp | ||
| 2011 | 3.4% | -3.69pp | ||
| 2010 | 7.1% | +5.27pp | ||
| 2009 | 1.9% | -3.42pp | ||
| 2008 | 5.3% | +1.07pp | ||
| 2007 | 4.2% | -7.66pp | ||
| 2006 | 11.9% | +7.48pp | ||
| 2005 | 4.4% | -0.63pp | ||
| 2004 | 5.0% | +0.25pp | ||
| 2003 | 4.8% | -0.93pp | ||
| 2002 | 5.7% | +0.83pp | ||
| 2001 | 4.9% | -3.19pp | ||
| 2000 | 8.1% | -1.61pp | ||
| 1999 | 9.7% | -2.13pp | ||
| 1998 | 11.8% | +0.02pp | ||
| 1997 | 11.8% | -2.49pp | ||
| 1996 | 14.3% | -2.29pp | ||
| 1995 | 16.6% | -83.44pp | ||
| 1994 | 100.0% | 0.00pp | ||
| 1993 | 100.0% | 0.00pp | ||
| 1992 | 100.0% | 0.00pp | ||
| 1991 | 100.0% | 0.00pp | ||
| 1990 | 100.0% | 0.00pp | ||
| 1989 | 100.0% | 0.00pp | ||
| 1988 | 100.0% | 0.00pp | ||
| 1987 | 100.0% | 0.00pp | ||
| 1986 | 100.0% | 0.00pp | ||
| 1985 | 100.0% | — |
- 202521.4%-3.04pp
- 202424.5%+8.93pp
- 202315.5%+1.92pp
- 202213.6%-0.53pp
- 202114.2%+5.34pp
- 20208.8%+2.64pp
- 20196.2%-1.81pp
- 20188.0%+0.88pp
- 20177.1%-0.24pp
- 20167.3%+2.06pp
- 20155.3%-6.71pp
- 201412.0%+7.75pp
- 20134.3%+3.25pp
- 20121.0%-2.43pp
- 20113.4%-3.69pp
- 20107.1%+5.27pp
- 20091.9%-3.42pp
- 20085.3%+1.07pp
- 20074.2%-7.66pp
- 200611.9%+7.48pp
- 20054.4%-0.63pp
- 20045.0%+0.25pp
- 20034.8%-0.93pp
- 20025.7%+0.83pp
- 20014.9%-3.19pp
- 20008.1%-1.61pp
- 19999.7%-2.13pp
- 199811.8%+0.02pp
- 199711.8%-2.49pp
- 199614.3%-2.29pp
- 199516.6%-83.44pp
- 1994100.0%0.00pp
- 1993100.0%0.00pp
- 1992100.0%0.00pp
- 1991100.0%0.00pp
- 1990100.0%0.00pp
- 1989100.0%0.00pp
- 1988100.0%0.00pp
- 1987100.0%0.00pp
- 1986100.0%0.00pp
- 1985100.0%—
Operating Margin values are taken from New Jersey Resources's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at New Jersey Resources (NJR)
According to New Jersey Resources's latest reported financial statements, the company's latest reported operating margin is 24.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
New Jersey Resources (NJR) most recent annual operating margin stands at 21.43% (2025) – contracted 3.0 percentage points year-over-year.
The highest annual operating margin of 100.00% was reported in 1985. The lowest in the available history was 1.01% in 2012.
New Jersey Resources Operating Margin by Year
New Jersey Resources Operating Margin 2025: 21.4%
New Jersey Resources operating margin in 2025 was 21.43%, contracted 3.0 percentage points from 2024.
New Jersey Resources Operating Margin 2024: 24.5%
2024's operating margin for New Jersey Resources came in at 24.47%, expanded 8.9 percentage points from 2023.
New Jersey Resources Operating Margin 2023: 15.5%
New Jersey Resources posted operating margin of 15.54% in 2023, expanded 1.9 percentage points from 2022.
New Jersey Resources Operating Margin 2022: 13.6%
In 2022, New Jersey Resources reported operating margin of 13.62%, contracted 0.5 percentage points from 2021.
New Jersey Resources Operating Margin 2021: 14.2%
New Jersey Resources operating margin in 2021 was 14.16%.
See more financial history for New Jersey Resources (NJR).
Sector peers by Operating Margin
Utilities peers of New Jersey Resources (NJR), ranked by their latest operating margin
Frequently asked questions
New Jersey Resources (NJR) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation