NewJersey Resources Corporation (NJR)

Net profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	289,775	264,724	274,922	117,890	163,007
Revenue	US$ in thousands	2,357,170	2,674,370	4,515,980	3,389,420	2,991,430
Net profit margin		12.29%	9.90%	6.09%	3.48%	5.45%

September 30, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $289,775K ÷ $2,357,170K
= 12.29%

The net profit margin of NewJersey Resources Corporation has shown a positive trend over the past five years. The margin has steadily improved from 5.45% in Sep 30, 2020, to 12.29% in Sep 30, 2024, indicating an increasing efficiency in converting revenue into profit. This improvement suggests stronger cost management, better revenue generation, or a combination of both. The company's ability to enhance its net profit margin over time is a positive indicator of its financial performance and profitability.