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New Jersey Resources vs Venture Global: revenue, profit, margins and growth compared

New Jersey Resources brought in $2B of revenue in fiscal 2025, Venture Global $13.8B in fiscal 2025. Revenue changed by +13.4% at New Jersey Resources and +176.9% at Venture Global on the year before, so Venture Global grew faster. New Jersey Resources kept 16.5% of its revenue as net profit, Venture Global 16.4%.

Side by side, latest fiscal year

NJRVG
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$2B$13.8B
Revenue growth+13.4%+176.9%
Net income$335.6M$2.3B
Net margin16.5%16.4%
Free cash flown/a-$6.8B
Free cash flow marginn/a-49.4%
Earnings per share (diluted)$3.33$0.86
Cash$591K$2.4B
Debt$3.4B$34.2B
Price to earnings15.214.7
Market value$5.1B$31.6B
Dividend yield3.61%0.24%
Rank by revenue in sector#58 of 109 · Utilities#23 of 109 · Utilities

Over the years

Revenue
NJR FY2018: $2.9BNJR FY2019: $2.6BNJR FY2020: $2BNJR FY2021: $2.2BNJR FY2022: $2.9BNJR FY2023: $2BNJR FY2024: $1.8BNJR FY2025: $2BVG FY2023: $7.9BVG FY2025: $5BVG FY2025: $13.8BFY18FY19FY20FY21FY22FY23FY24FY25
NJR $2BVG $13.8B
Net income
NJR FY2018: $233.4MNJR FY2019: $123.9MNJR FY2020: $163MNJR FY2021: $117.9MNJR FY2022: $274.9MNJR FY2023: $264.7MNJR FY2024: $289.8MNJR FY2025: $335.6MVG FY2023: $2.7BVG FY2025: $1.5BVG FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
NJR $335.6MVG $2.3B
Net margin
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%VG FY2023: 33.9%VG FY2025: 29.7%VG FY2025: 16.4%FY18FY19FY20FY21FY22FY23FY24FY25
NJR 16.5%VG 16.4%
Revenue growth
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%VG FY2025: -37.0%VG FY2025: +176.9%FY19FY20FY21FY22FY23FY24FY25
NJR +13.4%VG +176.9%
Free cash flow
NJR FY2018: $191.4MNJR FY2019: -$105.9MVG FY2023: -$3.5BVG FY2025: -$11.6BVG FY2025: -$6.8BFY18FY19FY23FY25
NJR -$105.9MVG -$6.8B

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

Questions about New Jersey Resources and Venture Global

Which is bigger by revenue, New Jersey Resources or Venture Global?

Venture Global is bigger by revenue: $13.8B in fiscal 2025, against $2B for New Jersey Resources in fiscal 2025.

Which keeps more of its revenue as profit, New Jersey Resources or Venture Global?

New Jersey Resources had a net margin of 16.5% in fiscal 2025; Venture Global had 16.4% in fiscal 2025.

Which grew revenue faster, New Jersey Resources or Venture Global?

In their latest fiscal years revenue changed by +13.4% at New Jersey Resources and +176.9% at Venture Global.

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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