How New Jersey Resources (NJR) Makes Money: A Visual Guide

New Jersey Resources (NJR) generated $2.15B in revenue (TTM through Q4 2025), earning $326.80M in net profit (15.2% margin). Its largest revenue source is Natural Gas Distribution (64% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

New Jersey Resources (NJR) Income Statement Flow

Frequently asked questions

How does New Jersey Resources (NJR) make money?

New Jersey Resources (NJR) primarily makes money through Natural Gas Distribution, which accounts for 64% of total revenue. For TTM through Q4 2025, New Jersey Resources generated $2.15B in total revenue with a net profit margin of 15.2%.

What is New Jersey Resources (NJR) gross profit margin?

New Jersey Resources (NJR) reported a gross profit margin of 26.1% for TTM through Q4 2025, equivalent to $561.21M in gross profit. This means New Jersey Resources retains 26.1% of each revenue unit after direct costs of production.

What is New Jersey Resources (NJR) operating profit margin?

New Jersey Resources (NJR) reported an operating profit margin of 22.3% for TTM through Q4 2025, equivalent to $479.60M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is New Jersey Resources (NJR) net profit margin?

New Jersey Resources (NJR) reported a net profit margin of 15.2% for TTM through Q4 2025, equivalent to $326.80M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does New Jersey Resources (NJR) spend on capital expenditures?

New Jersey Resources (NJR) spent $722.96M on capital expenditures in TTM through Q4 2025 (33.7% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is New Jersey Resources (NJR) free cash flow?

New Jersey Resources (NJR) generated −$218.57M in free cash flow for TTM through Q4 2025 (-10.2% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is New Jersey Resources (NJR) effective tax rate?

New Jersey Resources (NJR) had an effective tax rate of 22.3% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

When was this data last updated?

Based on company filings through TTM through Q4 2025.