NewJersey Resources Corporation (NJR)

Gross profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Gross profit	US$ in thousands	2,338,980	2,657,350	4,499,160	3,286,600	2,979,840
Revenue	US$ in thousands	2,357,170	2,674,370	4,515,980	3,389,420	2,991,430
Gross profit margin		99.23%	99.36%	99.63%	96.97%	99.61%

September 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,338,980K ÷ $2,357,170K
= 99.23%

The gross profit margin of NewJersey Resources Corporation has been consistently strong over the past five years, with minimal fluctuations. In Sep 30, 2024, the gross profit margin was reported at 99.23%, indicating that the company is able to efficiently manage its production costs while generating substantial revenues. This level of profitability is slightly lower than the previous year's gross profit margin of 99.36% but remains at a very high level. The consistent high gross profit margin suggests that NewJersey Resources Corporation has a competitive advantage in controlling its production expenses and pricing its products effectively. Such a high gross profit margin indicates the company's ability to generate significant profits from its core operations.