NewJersey Resources Corporation (NJR) vs Spire Inc. (SR)

NewJersey Resources Corporation and Spire Inc. are both Utilities Regulated Gas companies. NewJersey Resources Corporation is the larger, with a market value of $5.2B against $4.5B — 1.1× the size. Spire Inc. trades at the lower P/E: 8.6× against 13.9×. Spire Inc. grew revenue faster over the last twelve months: 17.0% against 6.36%. Spire Inc. has the higher net margin (19.8% vs 16.4%) and the lower return on invested capital (3.76% vs 5.47%). Both pay a dividend; Spire Inc. yields more (5.17% vs 4.10%). Across the 22 metrics below, Spire Inc. leads on 14 and NewJersey Resources Corporation on 8.

Valuation

Metric NJR SR Utilities Regulated Gas median
P/E 13.90 8.59 15.65
P/S 2.29 1.70 2.04
P/B 1.94 1.27 1.50
Price to free cash flow n/m n/m —
EV/EBITDA 11.65 11.49 11.49
EV/Sales 3.94 3.93 3.54
Earnings yield 7.19% 11.64% 6.39%
Free cash flow yield (3.05%) (4.88%) (5.71%)

Profitability

Metric NJR SR Utilities Regulated Gas median
Gross margin 57.23% 65.44% 63.14%
Operating margin 24.78% 21.47% 21.47%
Net margin 16.42% 19.81% 13.00%
Free cash flow margin (7.00%) (8.30%) (13.27%)
Return on equity 14.45% 15.57% 9.47%
Return on assets 4.79% 4.17% 3.80%
Return on invested capital 5.47% 3.76% 4.29%

Growth

Metric NJR SR Utilities Regulated Gas median
Revenue growth (TTM) 6.36% 16.97% 6.36%
EPS growth (last fiscal year) 14.04% 4.30% —
Revenue growth, 5-year CAGR 0.83% 5.94% 6.36%
Net income growth, 5-year CAGR 15.54% 28.34% 8.10%

Health

Metric NJR SR Utilities Regulated Gas median
Debt to equity 1.40 1.67 1.22
Current ratio 0.66 0.37 0.78
Net debt to EBITDA 5.17 4.68 4.68

Dividend

Metric NJR SR Utilities Regulated Gas median
Dividend yield 4.10% 5.17% 4.31%
Payout ratio 0.53 0.66 0.62

Size

Metric NJR SR Utilities Regulated Gas median
Market cap 5.18b 4.54b 4.52b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack