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Atmos Energy vs New Jersey Resources: revenue, profit, margins and growth compared

Atmos Energy brought in $4.7B of revenue in fiscal 2025, New Jersey Resources $2B in fiscal 2025. Revenue changed by +12.9% at Atmos Energy and +13.4% at New Jersey Resources on the year before, so New Jersey Resources grew faster. Atmos Energy kept 25.5% of its revenue as net profit, New Jersey Resources 16.5%.

Side by side, latest fiscal year

ATONJR
Fiscal year endedFY2025 (September 30, 2025)FY2025 (September 30, 2025)
Revenue$4.7B$2B
Revenue growth+12.9%+13.4%
Net income$1.2B$335.6M
Net margin25.5%16.5%
Free cash flow-$1.5Bn/a
Free cash flow margin-32.2%n/a
Earnings per share (diluted)$7.46$3.33
Cash$202.7M$591K
Debt$8.9B$3.4B
Price to earnings21.115.2
Market value$26.6B$5.1B
Dividend yield2.21%3.61%
Rank by revenue in sector#42 of 109 · Utilities#58 of 109 · Utilities

Over the years

Revenue
ATO FY2018: $3.1BATO FY2019: $2.9BATO FY2020: $2.8BATO FY2021: $3.4BATO FY2022: $4.2BATO FY2023: $4.3BATO FY2024: $4.2BATO FY2025: $4.7BNJR FY2018: $2.9BNJR FY2019: $2.6BNJR FY2020: $2BNJR FY2021: $2.2BNJR FY2022: $2.9BNJR FY2023: $2BNJR FY2024: $1.8BNJR FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25
ATO $4.7BNJR $2B
Net income
ATO FY2018: $603.1MATO FY2019: $511.4MATO FY2020: $601.4MATO FY2021: $665.6MATO FY2022: $774.4MATO FY2023: $885.9MATO FY2024: $1BATO FY2025: $1.2BNJR FY2018: $233.4MNJR FY2019: $123.9MNJR FY2020: $163MNJR FY2021: $117.9MNJR FY2022: $274.9MNJR FY2023: $264.7MNJR FY2024: $289.8MNJR FY2025: $335.6MFY18FY19FY20FY21FY22FY23FY24FY25
ATO $1.2BNJR $335.6M
Net margin
ATO FY2018: 19.4%ATO FY2019: 17.6%ATO FY2020: 21.3%ATO FY2021: 19.5%ATO FY2022: 18.4%ATO FY2023: 20.7%ATO FY2024: 25.0%ATO FY2025: 25.5%NJR FY2018: 8.0%NJR FY2019: 4.8%NJR FY2020: 8.3%NJR FY2021: 5.5%NJR FY2022: 9.5%NJR FY2023: 13.5%NJR FY2024: 16.1%NJR FY2025: 16.5%FY18FY19FY20FY21FY22FY23FY24FY25
ATO 25.5%NJR 16.5%
Revenue growth
ATO FY2019: -6.9%ATO FY2020: -2.8%ATO FY2021: +20.8%ATO FY2022: +23.3%ATO FY2023: +1.8%ATO FY2024: -2.6%ATO FY2025: +12.9%NJR FY2019: -11.1%NJR FY2020: -24.6%NJR FY2021: +10.4%NJR FY2022: +34.7%NJR FY2023: -32.4%NJR FY2024: -8.5%NJR FY2025: +13.4%FY19FY20FY21FY22FY23FY24FY25
ATO +12.9%NJR +13.4%
Free cash flow
ATO FY2018: -$342.9MATO FY2019: -$724.7MATO FY2020: -$897.7MATO FY2021: -$3.1BATO FY2022: -$1.5BATO FY2023: $653.8MATO FY2024: -$1.2BATO FY2025: -$1.5BNJR FY2018: $191.4MNJR FY2019: -$105.9MFY18FY19FY20FY21FY22FY23FY24FY25
ATO -$1.5BNJR -$105.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Atmos Energy and New Jersey Resources

Which is bigger by revenue, Atmos Energy or New Jersey Resources?

Atmos Energy is bigger by revenue: $4.7B in fiscal 2025, against $2B for New Jersey Resources in fiscal 2025.

Which keeps more of its revenue as profit, Atmos Energy or New Jersey Resources?

Atmos Energy had a net margin of 25.5% in fiscal 2025; New Jersey Resources had 16.5% in fiscal 2025.

Which grew revenue faster, Atmos Energy or New Jersey Resources?

In their latest fiscal years revenue changed by +12.9% at Atmos Energy and +13.4% at New Jersey Resources.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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