NewJersey Resources (NJR) vs Spire (SR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
NewJersey Resources (NJR) has outperformed Spire (SR) over the past year, gaining 9.5% versus a loss of 6.3%. Over five years, NJR leads with a +35.2% price change compared with +21.0% for SR. NewJersey Resources is the larger company by market cap ($5.19 billion vs $4.61 billion), about 1.1 times the size.
On valuation, Spire trades at a lower forward P/E (14.2x vs 14.8x for NewJersey Resources). Spire offers the higher dividend yield (4.18% vs 3.72%). NewJersey Resources converts more of its revenue into profit, with a net margin of 24.8% versus 11.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NJR | SR |
|---|---|---|
| Share price | $51.13 | $78.03 |
| Market cap | $5.19B | $4.61B |
| 1-day change | +0.32% | +0.27% |
| YTD return | +10.49% | -5.90% |
| 1-year return | +9.47% | -6.26% |
| 5-year return | +35.17% | +20.99% |
| P/E ratio (TTM) | 14.16 | 22.62 |
| Forward P/E | 14.83 | 14.22 |
| EPS (TTM) | $3.61 | $3.45 |
| Dividend yield | 3.72% | 4.18% |
| Annual dividend | $1.90 | $3.26 |
| Revenue (latest FY) | $1.35B | $2.48B |
| Revenue growth (YoY) | +9.87% | -4.50% |
| Net income (latest FY) | $335.63M | $271.70M |
| Gross margin | — | 58.76% |
| Operating margin | 37.66% | 21.16% |
| Net margin | 24.84% | 10.97% |
| 52-week high | $60.86 | $95.31 |
| 52-week low | $43.46 | $74.84 |
| Distance from 52-week high | -16.00% | -18.13% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +17.09% | +17.13% |
| Average volume | 661.28K | 479.34K |
| Shares outstanding | 101.47M | 59.11M |
| Employees | 1,300 | 3,497 |
| Sector | Utilities | Utilities |
| Industry | Oil/Gas Transmission | Oil/Gas Transmission |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- NJR has outperformed SR by 15.7 percentage points over the past year.
- Spire trades at a higher earnings multiple (22.6x vs 14.2x trailing P/E).
- NewJersey Resources is more profitable, keeping 24.8 cents of every revenue dollar as net income versus 11.0 cents for Spire.
- NewJersey Resources grew revenue faster in its latest fiscal year (+9.87% vs -4.50%).
About NewJersey Resources
NJR stock →New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation.
Utilities · Oil/Gas Transmission · 1,300 employees
About Spire
SR stock →Spire Inc., together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream.
Utilities · Oil/Gas Transmission · 3,497 employees
NJR vs SR FAQ
Which is bigger, NewJersey Resources or Spire?
NewJersey Resources (NJR) is larger, with a market capitalization of $5.19B compared with $4.61B for Spire (SR).
Which stock has performed better over the past year, NJR or SR?
NJR returned +9.47% over the past 12 months, compared with -6.26% for SR (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NJR or SR?
NJR has the lower trailing P/E at 14.2, versus 22.6 for SR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, NewJersey Resources or Spire?
Spire has the higher yield at 4.18%, compared with 3.72% for NewJersey Resources.
Are NewJersey Resources and Spire in the same industry?
Yes. Both are classified in the Oil/Gas Transmission industry within the Utilities sector.