New Jersey Resources vs Spire
Spire reported revenue of $2.5 billion in fiscal 2025, 1.2 times New Jersey Resources' $2.0 billion in fiscal 2025. New Jersey Resources' revenue grew 13.3% in its latest year, and Spire's fell 4.5%. New Jersey Resources had an operating margin of 25.0%, against 21.2% at Spire.
Side by side
| New Jersey Resources | Spire | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2025, Sep 30, 2025 |
| Revenue | $2.0B | $2.5B |
| Revenue growth | 13.3% | −4.5% |
| Revenue growth a year, last 5 years | 0.8% | 5.9% |
| Gross margin | — | 58.8% |
| Operating margin | 25.0% | 21.2% |
| Net margin | 16.5% | 11.0% |
| Free cash flow | — | −$344M |
| Free cash flow margin | — | −13.9% |
| Return on capital | 6.8% | 5.2% |
| Net debt to EBITDA | 5.2x | 6.3x |
| Dividends and buybacks | $180M | $182M |
| Change in diluted share count | 1.5% | 4.3% |
| Last close | $53.19 | $85.74 |
| P/E at the last close | 14.7× | 15.1× |
| Insider trades, last 12 months | sold $1.7 million | bought $251,100, sold $307,709 |
| Piotroski F-score | 7 of 8 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
New Jersey ResourcesSpire
Operating margin
Percent of revenue
New Jersey ResourcesSpire
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
New Jersey ResourcesSpire
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the New Jersey Resources and Spire pages.