Oil & Gas Integrated
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NFG vs NJR
Revenue, margins, valuation, and 5-year total return — side by side.
Regulated Gas
NFG vs NJR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Integrated | Regulated Gas |
| Market Cap | $7.75B | $5.54B |
| Revenue (TTM) | $2.50B | $2.21B |
| Net Income (TTM) | $686M | $341M |
| Gross Margin | 50.0% | 27.7% |
| Operating Margin | 41.4% | 24.1% |
| Forward P/E | 10.5x | 16.2x |
| Total Debt | $2.83B | $3.77B |
| Cash & Equiv. | $43M | $10M |
NFG vs NJR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| National Fuel Gas C… (NFG) | 100 | 194.2 | +94.2% |
| New Jersey Resource… (NJR) | 100 | 156.2 | +56.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NFG vs NJR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NFG carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 17.1%, EPS growth 5.8%, 3Y rev CAGR 1.4%
- Lower volatility, beta -0.08, Low D/E 91.5%, current ratio 0.44x
- 17.1% revenue growth vs NJR's 13.9%
NJR is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 4 yrs, beta -0.13, yield 3.3%
- 89.9% 10Y total return vs NFG's 84.3%
- Beta -0.13, yield 3.3%, current ratio 0.73x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 17.1% revenue growth vs NJR's 13.9% | |
| Value | Lower P/E (10.5x vs 16.2x) | |
| Quality / Margins | 27.5% margin vs NJR's 15.4% | |
| Stability / Safety | Lower D/E ratio (91.5% vs 157.5%) | |
| Dividends | 3.3% yield, 4-year raise streak, vs NFG's 2.5% | |
| Momentum (1Y) | +16.4% vs NFG's +1.9% | |
| Efficiency (ROA) | 7.7% ROA vs NJR's 6.0%, ROIC 10.6% vs 5.5% |
NFG vs NJR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NFG vs NJR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
NFG leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
NFG and NJR operate at a comparable scale, with $2.5B and $2.2B in trailing revenue. NFG is the more profitable business, keeping 27.5% of every revenue dollar as net income compared to NJR's 15.4%. On growth, NFG holds the edge at +17.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.5B | $2.2B |
| EBITDAEarnings before interest/tax | $1.5B | $727M |
| Net IncomeAfter-tax profit | $686M | $341M |
| Free Cash FlowCash after capex | $307M | -$527M |
| Gross MarginGross profit ÷ Revenue | +50.0% | +27.7% |
| Operating MarginEBIT ÷ Revenue | +41.4% | +24.1% |
| Net MarginNet income ÷ Revenue | +27.5% | +15.4% |
| FCF MarginFCF ÷ Revenue | +12.3% | -23.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | +17.6% | +7.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +9.3% | +6.9% |
Valuation Metrics
NFG leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
At 14.4x trailing earnings, NFG trades at a 13% valuation discount to NJR's 16.5x P/E. On an enterprise value basis, NFG's 8.3x EV/EBITDA is more attractive than NJR's 14.9x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $7.7B | $5.5B |
| Enterprise ValueMkt cap + debt − cash | $10.5B | $9.3B |
| Trailing P/EPrice ÷ TTM EPS | 14.35x | 16.47x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.47x | 16.22x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.16x |
| EV / EBITDAEnterprise value multiple | 8.30x | 14.88x |
| Price / SalesMarket cap ÷ Revenue | 3.40x | 2.72x |
| Price / BookPrice ÷ Book value/share | 2.40x | 2.31x |
| Price / FCFMarket cap ÷ FCF | 41.37x | — |
Profitability & Efficiency
NFG leads this category, winning 9 of 9 comparable metrics.
Profitability & Efficiency
NFG delivers a 20.4% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $19 for NJR. NFG carries lower financial leverage with a 0.92x debt-to-equity ratio, signaling a more conservative balance sheet compared to NJR's 1.58x. On the Piotroski fundamental quality scale (0–9), NFG scores 9/9 vs NJR's 7/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +20.4% | +18.7% |
| ROA (TTM)Return on assets | +7.7% | +6.0% |
| ROICReturn on invested capital | +10.6% | +5.5% |
| ROCEReturn on capital employed | +10.8% | +6.8% |
| Piotroski ScoreFundamental quality 0–9 | 9 | 7 |
| Debt / EquityFinancial leverage | 0.92x | 1.58x |
| Net DebtTotal debt minus cash | $2.8B | $3.8B |
| Cash & Equiv.Liquid assets | $43M | $10M |
| Total DebtShort + long-term debt | $2.8B | $3.8B |
| Interest CoverageEBIT ÷ Interest expense | 7.01x | 4.32x |
Total Returns (Dividends Reinvested)
Evenly matched — NFG and NJR each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NFG five years ago would be worth $17,840 today (with dividends reinvested), compared to $14,676 for NJR. Over the past 12 months, NJR leads with a +16.4% total return vs NFG's +1.9%. The 3-year compound annual growth rate (CAGR) favors NFG at 17.8% vs NJR's 6.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -0.0% | +20.3% |
| 1-Year ReturnPast 12 months | +1.9% | +16.4% |
| 3-Year ReturnCumulative with dividends | +63.5% | +19.8% |
| 5-Year ReturnCumulative with dividends | +78.4% | +46.8% |
| 10-Year ReturnCumulative with dividends | +84.3% | +89.9% |
| CAGR (3Y)Annualised 3-year return | +17.8% | +6.2% |
Risk & Volatility
NJR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
NJR is the less volatile stock with a -0.13 beta — it tends to amplify market swings less than NFG's -0.08 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NJR currently trades 94.8% from its 52-week high vs NFG's 84.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.08x | -0.13x |
| 52-Week HighHighest price in past year | $97.06 | $57.85 |
| 52-Week LowLowest price in past year | $77.22 | $43.46 |
| % of 52W HighCurrent price vs 52-week peak | +84.0% | +94.8% |
| RSI (14)Momentum oscillator 0–100 | 27.7 | 53.2 |
| Avg Volume (50D)Average daily shares traded | 756K | 485K |
Analyst Outlook
Evenly matched — NFG and NJR each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates NFG as "Buy" and NJR as "Buy". Consensus price targets imply 23.9% upside for NFG (target: $101) vs 1.6% for NJR (target: $56). For income investors, NJR offers the higher dividend yield at 3.26% vs NFG's 2.53%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $101.00 | $55.75 |
| # AnalystsCovering analysts | 18 | 16 |
| Dividend YieldAnnual dividend ÷ price | +2.5% | +3.3% |
| Dividend StreakConsecutive years of raises | 31 | 4 |
| Dividend / ShareAnnual DPS | $2.07 | $1.79 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.8% | 0.0% |
NFG leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). NJR leads in 1 (Risk & Volatility). 2 tied.
NFG vs NJR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is NFG or NJR a better buy right now?
For growth investors, National Fuel Gas Company (NFG) is the stronger pick with 17.
1% revenue growth year-over-year, versus 13. 9% for New Jersey Resources Corporation (NJR). National Fuel Gas Company (NFG) offers the better valuation at 14. 4x trailing P/E (10. 5x forward), making it the more compelling value choice. Analysts rate National Fuel Gas Company (NFG) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — NFG or NJR?
On trailing P/E, National Fuel Gas Company (NFG) is the cheapest at 14.
4x versus New Jersey Resources Corporation at 16. 5x. On forward P/E, National Fuel Gas Company is actually cheaper at 10. 5x.
03Which is the better long-term investment — NFG or NJR?
Over the past 5 years, National Fuel Gas Company (NFG) delivered a total return of +78.
4%, compared to +46. 8% for New Jersey Resources Corporation (NJR). Over 10 years, the gap is even starker: NJR returned +89. 9% versus NFG's +84. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — NFG or NJR?
By beta (market sensitivity over 5 years), New Jersey Resources Corporation (NJR) is the lower-risk stock at -0.
13β versus National Fuel Gas Company's -0. 08β — meaning NFG is approximately -37% more volatile than NJR relative to the S&P 500. On balance sheet safety, National Fuel Gas Company (NFG) carries a lower debt/equity ratio of 92% versus 158% for New Jersey Resources Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — NFG or NJR?
By revenue growth (latest reported year), National Fuel Gas Company (NFG) is pulling ahead at 17.
1% versus 13. 9% for New Jersey Resources Corporation (NJR). On earnings-per-share growth, the picture is similar: National Fuel Gas Company grew EPS 576. 2% year-over-year, compared to 14. 0% for New Jersey Resources Corporation. Over a 3-year CAGR, NFG leads at 1. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — NFG or NJR?
National Fuel Gas Company (NFG) is the more profitable company, earning 22.
8% net margin versus 16. 5% for New Jersey Resources Corporation — meaning it keeps 22. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NFG leads at 35. 7% versus 21. 4% for NJR. At the gross margin level — before operating expenses — NFG leads at 66. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is NFG or NJR more undervalued right now?
On forward earnings alone, National Fuel Gas Company (NFG) trades at 10.
5x forward P/E versus 16. 2x for New Jersey Resources Corporation — 5. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NFG: 23. 9% to $101. 00.
08Which pays a better dividend — NFG or NJR?
All stocks in this comparison pay dividends.
New Jersey Resources Corporation (NJR) offers the highest yield at 3. 3%, versus 2. 5% for National Fuel Gas Company (NFG).
09Is NFG or NJR better for a retirement portfolio?
For long-horizon retirement investors, New Jersey Resources Corporation (NJR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
13), 3. 3% yield). Both have compounded well over 10 years (NJR: +89. 9%, NFG: +84. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between NFG and NJR?
These companies operate in different sectors (NFG (Energy) and NJR (Utilities)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: NFG is a small-cap high-growth stock; NJR is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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