NEW JERSEY RESOURCES CORP (NJR) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:NJR • US6460251068

52.42 USD
-0.35 (-0.66%)
At close: Feb 6, 2026
51.93 USD
-0.49 (-0.93%)
After Hours: 2/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall NJR gets a fundamental rating of 4 out of 10. We evaluated NJR against 14 industry peers in the Gas Utilities industry. NJR has a medium profitability rating, but doesn't score so well on its financial health evaluation. NJR is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • NJR had positive earnings in the past year.
  • In the past year NJR had a positive cash flow from operations.
  • NJR had positive earnings in each of the past 5 years.
  • NJR had a positive operating cash flow in each of the past 5 years.
NJR Yearly Net Income VS EBIT VS OCF VS FCFNJR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • With a decent Return On Assets value of 4.43%, NJR is doing good in the industry, outperforming 71.43% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 14.03%, NJR is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • The Return On Invested Capital of NJR (4.97%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for NJR is below the industry average of 8.45%.
Industry RankSector Rank
ROA 4.43%
ROE 14.03%
ROIC 4.97%
ROA(3y)4.21%
ROA(5y)3.82%
ROE(3y)13.5%
ROE(5y)12.57%
ROIC(3y)5.25%
ROIC(5y)5.16%
NJR Yearly ROA, ROE, ROICNJR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of NJR (16.48%) is better than 85.71% of its industry peers.
  • In the last couple of years the Profit Margin of NJR has grown nicely.
  • Looking at the Operating Margin, with a value of 22.13%, NJR is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • In the last couple of years the Operating Margin of NJR has grown nicely.
  • NJR has a Gross Margin of 55.84%. This is in the lower half of the industry: NJR underperforms 64.29% of its industry peers.
  • NJR's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 22.13%
PM (TTM) 16.48%
GM 55.84%
OM growth 3Y16.52%
OM growth 5Y13.56%
PM growth 3Y20.33%
PM growth 5Y14.59%
GM growth 3Y19.25%
GM growth 5Y10.95%
NJR Yearly Profit, Operating, Gross MarginsNJR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NJR is destroying value.
  • The number of shares outstanding for NJR has been increased compared to 1 year ago.
  • NJR has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, NJR has an improved debt to assets ratio.
NJR Yearly Shares OutstandingNJR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
NJR Yearly Total Debt VS Total AssetsNJR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • NJR has an Altman-Z score of 1.31. This is a bad value and indicates that NJR is not financially healthy and even has some risk of bankruptcy.
  • NJR has a Altman-Z score of 1.31. This is in the better half of the industry: NJR outperforms 71.43% of its industry peers.
  • NJR has a Debt/Equity ratio of 1.44. This is a high value indicating a heavy dependency on external financing.
  • NJR has a Debt to Equity ratio of 1.44. This is in the lower half of the industry: NJR underperforms 64.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.44
Debt/FCF N/A
Altman-Z 1.31
ROIC/WACC0.77
WACC6.49%
NJR Yearly LT Debt VS Equity VS FCFNJR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • NJR has a Current Ratio of 0.73. This is a bad value and indicates that NJR is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of NJR (0.73) is better than 64.29% of its industry peers.
  • A Quick Ratio of 0.40 indicates that NJR may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.40, NJR is doing worse than 71.43% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.4
NJR Yearly Current Assets VS Current LiabilitesNJR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • NJR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.43%.
  • NJR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.71% yearly.
  • NJR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.44%.
  • Measured over the past years, NJR shows a small growth in Revenue. The Revenue has been growing by 0.83% on average per year.
EPS 1Y (TTM)-9.43%
EPS 3Y9.44%
EPS 5Y9.71%
EPS Q2Q%-9.3%
Revenue 1Y (TTM)18.44%
Revenue growth 3Y-11.18%
Revenue growth 5Y0.83%
Sales Q2Q%23.85%

3.2 Future

  • The Earnings Per Share is expected to grow by 6.25% on average over the next years.
  • NJR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.64% yearly.
EPS Next Y-4.28%
EPS Next 2Y2.13%
EPS Next 3Y4.84%
EPS Next 5Y6.25%
Revenue Next Year15.93%
Revenue Next 2Y10.52%
Revenue Next 3Y6.55%
Revenue Next 5Y5.64%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
NJR Yearly Revenue VS EstimatesNJR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B
NJR Yearly EPS VS EstimatesNJR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.54, NJR is valued correctly.
  • Compared to the rest of the industry, the Price/Earnings ratio of NJR indicates a somewhat cheap valuation: NJR is cheaper than 71.43% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.93. NJR is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 15.27, the valuation of NJR can be described as correct.
  • NJR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. NJR is cheaper than 64.29% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.77. NJR is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 16.54
Fwd PE 15.27
NJR Price Earnings VS Forward Price EarningsNJR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NJR indicates a slightly more expensive valuation: NJR is more expensive than 71.43% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 13.59
NJR Per share dataNJR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • The decent profitability rating of NJR may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.7
EPS Next 2Y2.13%
EPS Next 3Y4.84%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 3.60%, NJR has a reasonable but not impressive dividend return.
  • NJR's Dividend Yield is comparable with the industry average which is at 3.83.
  • NJR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 3.6%

5.2 History

  • The dividend of NJR is nicely growing with an annual growth rate of 7.28%!
  • NJR has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NJR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.28%
Div Incr Years29
Div Non Decr Years34
NJR Yearly Dividends per shareNJR Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 53.65% of the earnings are spent on dividend by NJR. This is a bit on the high side, but may be sustainable.
  • NJR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP53.65%
EPS Next 2Y2.13%
EPS Next 3Y4.84%
NJR Yearly Income VS Free CF VS DividendNJR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M
NJR Dividend Payout.NJR Dividend Payout, showing the Payout Ratio.NJR Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

NEW JERSEY RESOURCES CORP

NYSE:NJR (2/6/2026, 8:04:00 PM)

After market: 51.93 -0.49 (-0.93%)

52.42

-0.35 (-0.66%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-02
Earnings (Next)05-04
Inst Owners78.81%
Inst Owner Change-3.05%
Ins Owners0.47%
Ins Owner Change4.47%
Market Cap5.28B
Revenue(TTM)2.15B
Net Income(TTM)335.63M
Analysts83.64
Price Target55.85 (6.54%)
Short Float %2.51%
Short Ratio4.26
Dividend
Industry RankSector Rank
Dividend Yield 3.6%
Yearly Dividend1.8
Dividend Growth(5Y)7.28%
DP53.65%
Div Incr Years29
Div Non Decr Years34
Ex-Date03-11
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)87.23%
Min EPS beat(2)-10.41%
Max EPS beat(2)184.87%
EPS beat(4)3
Avg EPS beat(4)50.79%
Min EPS beat(4)-10.41%
Max EPS beat(4)184.87%
EPS beat(8)5
Avg EPS beat(8)-8.06%
EPS beat(12)7
Avg EPS beat(12)27.82%
EPS beat(16)9
Avg EPS beat(16)11.42%
Revenue beat(2)1
Avg Revenue beat(2)4.26%
Min Revenue beat(2)-2.49%
Max Revenue beat(2)11.01%
Revenue beat(4)2
Avg Revenue beat(4)-0.88%
Min Revenue beat(4)-35.53%
Max Revenue beat(4)23.5%
Revenue beat(8)2
Avg Revenue beat(8)-5.51%
Revenue beat(12)3
Avg Revenue beat(12)-13.77%
Revenue beat(16)7
Avg Revenue beat(16)-0.29%
PT rev (1m)-2.23%
PT rev (3m)0.27%
EPS NQ rev (1m)-2.52%
EPS NQ rev (3m)-5.22%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.42%
Revenue NY rev (1m)0%
Revenue NY rev (3m)13.15%
Valuation
Industry RankSector Rank
PE 16.54
Fwd PE 15.27
P/S 2.59
P/FCF N/A
P/OCF 11.32
P/B 2.21
P/tB 2.22
EV/EBITDA 13.59
EPS(TTM)3.17
EY6.05%
EPS(NY)3.43
Fwd EY6.55%
FCF(TTM)-1.92
FCFYN/A
OCF(TTM)4.63
OCFY8.83%
SpS20.21
BVpS23.74
TBVpS23.63
PEG (NY)N/A
PEG (5Y)1.7
Graham Number41.15
Profitability
Industry RankSector Rank
ROA 4.43%
ROE 14.03%
ROCE 6.63%
ROIC 4.97%
ROICexc 4.97%
ROICexgc 4.98%
OM 22.13%
PM (TTM) 16.48%
GM 55.84%
FCFM N/A
ROA(3y)4.21%
ROA(5y)3.82%
ROE(3y)13.5%
ROE(5y)12.57%
ROIC(3y)5.25%
ROIC(5y)5.16%
ROICexc(3y)5.25%
ROICexc(5y)5.16%
ROICexgc(3y)5.26%
ROICexgc(5y)5.17%
ROCE(3y)7.08%
ROCE(5y)7.06%
ROICexgc growth 3Y-4%
ROICexgc growth 5Y6.14%
ROICexc growth 3Y-4%
ROICexc growth 5Y6.17%
OM growth 3Y16.52%
OM growth 5Y13.56%
PM growth 3Y20.33%
PM growth 5Y14.59%
GM growth 3Y19.25%
GM growth 5Y10.95%
F-Score6
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 1.44
Debt/FCF N/A
Debt/EBITDA 5.39
Cap/Depr 349.65%
Cap/Sales 32.41%
Interest Coverage 3.46
Cash Conversion 72.93%
Profit Quality N/A
Current Ratio 0.73
Quick Ratio 0.4
Altman-Z 1.31
F-Score6
WACC6.49%
ROIC/WACC0.77
Cap/Depr(3y)330.29%
Cap/Depr(5y)387.83%
Cap/Sales(3y)29%
Cap/Sales(5y)26.58%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-9.43%
EPS 3Y9.44%
EPS 5Y9.71%
EPS Q2Q%-9.3%
EPS Next Y-4.28%
EPS Next 2Y2.13%
EPS Next 3Y4.84%
EPS Next 5Y6.25%
Revenue 1Y (TTM)18.44%
Revenue growth 3Y-11.18%
Revenue growth 5Y0.83%
Sales Q2Q%23.85%
Revenue Next Year15.93%
Revenue Next 2Y10.52%
Revenue Next 3Y6.55%
Revenue Next 5Y5.64%
EBIT growth 1Y-1.62%
EBIT growth 3Y3.5%
EBIT growth 5Y14.51%
EBIT Next Year38.89%
EBIT Next 3Y23.18%
EBIT Next 5Y17.18%
FCF growth 1Y-102.77%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y9.11%
OCF growth 3Y12.97%
OCF growth 5Y16.91%

NEW JERSEY RESOURCES CORP / NJR FAQ

What is the fundamental rating for NJR stock?

ChartMill assigns a fundamental rating of 4 / 10 to NJR.


What is the valuation status for NJR stock?

ChartMill assigns a valuation rating of 3 / 10 to NEW JERSEY RESOURCES CORP (NJR). This can be considered as Overvalued.


How profitable is NEW JERSEY RESOURCES CORP (NJR) stock?

NEW JERSEY RESOURCES CORP (NJR) has a profitability rating of 6 / 10.


How financially healthy is NEW JERSEY RESOURCES CORP?

The financial health rating of NEW JERSEY RESOURCES CORP (NJR) is 1 / 10.


What is the earnings growth outlook for NEW JERSEY RESOURCES CORP?

The Earnings per Share (EPS) of NEW JERSEY RESOURCES CORP (NJR) is expected to decline by -4.28% in the next year.