NewJersey Resources Corporation (NJR)

Operating profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Operating income	US$ in thousands	458,104	407,000	406,475	288,350	228,909
Revenue	US$ in thousands	2,357,170	2,674,370	4,515,980	3,389,420	2,991,430
Operating profit margin		19.43%	15.22%	9.00%	8.51%	7.65%

September 30, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $458,104K ÷ $2,357,170K
= 19.43%

The operating profit margin of NewJersey Resources Corporation has shown a positive trend over the past five years. The margin has steadily increased from 7.65% in 2020 to 19.43% in 2024. This indicates that the company's efficiency in generating profits from its core operations has improved significantly over the years. The company has been able to control its operating expenses and increase its revenue generation, leading to a higher operating profit margin. This trend demonstrates the company's ability to enhance its operational performance and maximize profitability.