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.
Peer comparison
Sep 30, 2024