New Jersey Resources Corporation (NJR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NJR Revenue Growth
Revenue Breakdown (FY 2025)
NJR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NJR Revenue Analysis (2014–2025)
As of May 8, 2026, New Jersey Resources Corporation (NJR) generated trailing twelve-month (TTM) revenue of $2.21 billion, reflecting solid growth of +7.1% year-over-year. The most recent quarter (Q2 2026) recorded $939.4 million in revenue, up 55.1% sequentially.
Looking at the longer-term picture, NJR's 5-year compound annual growth rate (CAGR) stands at +0.8%, indicating moderate growth over time. The company achieved its highest annual revenue of $3.79 billion in 2014.
Revenue diversification analysis shows NJR's business is primarily driven by Natural Gas Distribution (64%), Energy Services (22%), and Clean Energy Ventures (6%). With over half of revenue concentrated in Natural Gas Distribution, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including SR (+1.9% YoY), NWN (+5.9% YoY), and RGCO (+17.5% YoY), NJR has underperformed the peer group in terms of revenue growth. Compare NJR vs SR →
NJR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NJRCurrent | $2.2B | +7.1% | +0.8% | 21.4% | |
 SR | $2.5B | +1.9% | +5.9% | 21.2% | |
 NWN | $1.3B | +5.9% | +10.8% | 31.4% | |
 RGCO | $95M | +17.5% | +6.8% | 19.4% | |
 NFG | $2.3B | +20.7% | +8.1% | 35.7% | |
 ATO | $4.7B | +8.8% | +10.8% | 33.2% |
NJR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.03B | +13.9% | $435.8M | 21.4% | $435.8M | 21.4% |
| 2024 | $1.78B | -7.5% | $436.7M | 24.5% | $436.7M | 24.5% |
| 2023 | $1.93B | -33.8% | $299.8M | 15.5% | $299.8M | 15.5% |
| 2022 | $2.91B | +37.1% | $397.1M | 13.6% | $397.1M | 13.6% |
| 2021 | $2.13B | +8.9% | $301.0M | 14.2% | $301.0M | 14.2% |
| 2020 | $1.95B | -24.8% | $172.2M | 8.8% | $172.2M | 8.8% |
| 2019 | $2.60B | -11.2% | $171.7M | 6.6% | $160.5M | 6.2% |
| 2018 | $2.92B | +29.4% | $285.5M | 9.8% | $233.4M | 8.0% |
| 2017 | $2.26B | +22.3% | $209.9M | 9.3% | $160.5M | 7.1% |
| 2016 | $1.85B | -31.6% | $176.0M | 9.5% | $135.8M | 7.3% |
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Start ComparisonNJR — Frequently Asked Questions
Quick answers to the most common questions about buying NJR stock.
Is NJR's revenue growth accelerating or slowing?
NJR maintains +7.1% revenue growth, in line with its 5-year CAGR of +0.8%. TTM revenue stands at $2.2B. Growth rate remains consistent with historical average.
What is NJR's long-term revenue growth rate?
New Jersey Resources Corporation's 5-year revenue CAGR of +0.8% reflects the sustained expansion pattern. Current YoY growth of +7.1% is near this long-term average.
How is NJR's revenue distributed by segment?
NJR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.