National Grid
NGG
76.11
-0.74
-0.96%
National Grid
US · NGG
#298 by market cap
Listed 1970
76.11
-0.74
-0.96%
Live - 5344 symbols - heartbeat 111s ago
· 2026-10-08 08:34
Pre-market
76.39
+0.37%
After-hours
76.11
0.00%
Overnight
76.84
+0.96%
- Market cap
- 76.52B
- P/E (TTM)i
- 17.67
- P/Bi
- 1.47
- EPSi
- 4.31
- Div yieldi
- 4.05%
- 52W posi
- 26%
Reader sentiment
Are you bullish or bearish on NGG?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.52, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -3.76% YoY
Margins
- Gross margin
- 79.76%
- Operating margin
- 32.17%
- Net margin
- 18.32%
Key ratios & quality
- Enterprise valuei
- 119.70B
- Altman Z-Scorei
- 1.52
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.93B | 13.36B | 13.67B | 18.45B | 21.66B | 19.85B | 18.38B | 17.69B |
| Gross profit | 11.79B | 9.32B | 9.41B | 12.35B | 13.04B | 14.58B | 14.23B | 14.11B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 3.44B | 2.68B | 2.41B | 4.38B | 4.88B | 4.67B | 5.45B | 5.69B |
| Pretax profit | 1.84B | 1.40B | 1.66B | 3.44B | 3.59B | 3.05B | 3.65B | 4.18B |
| Tax | 339.00M | 370.00M | 360.00M | 1.26B | 876.00M | 831.00M | 821.00M | 939.00M |
| Net profit | 1.51B | 1.27B | 1.64B | 2.35B | 7.80B | 2.29B | 2.91B | 3.24B |
| Basic EPS | 2 | 2 | 2 | 3 | 10 | 3 | 3 | 3 |
| Diluted EPS | 2.04 | 1.67 | 2.13 | 2.99 | 9.81 | 2.86 | 3.07 | 3.28 |
| Line item | 2023-09 | 2024-03 | 2024-09 | 2025-03 | 2025-09 | 2026-03 |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | -- |
| Gross profit | -- | -- | -- | -- | -- | -- |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -- | -- | -- | -- | -- | -- |
| Pretax profit | -- | -- | -- | -- | -- | -- |
| Tax | -- | -- | -- | -- | -- | -- |
| Net profit | -- | -- | -- | -- | -- | -- |
| Basic EPS | -- | -- | -- | -- | -- | -- |
| Diluted EPS | -- | -- | -- | -- | -- | -- |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 7.95B | 5.80B | 9.94B | 17.96B | 9.11B | 10.38B | 14.33B | 7.49B |
| Cash & ST investments | 2.23B | 2.07B | 2.49B | 3.34B | 2.73B | 4.25B | 6.93B | 2.83B |
| Inventory | 370.00M | 549.00M | 439.00M | 511.00M | 876.00M | 828.00M | 557.00M | 559.00M |
| Total assets | 63.41B | 67.56B | 67.22B | 94.86B | 92.70B | 98.33B | 106.74B | 108.28B |
| Total current liabilities | 9.13B | 8.56B | 9.37B | 24.77B | 9.13B | 11.39B | 10.62B | 9.80B |
| Short-term debt | 4.47B | 4.07B | 3.74B | 12.12B | 2.96B | 4.86B | 4.66B | 3.90B |
| Long-term debt | -- | 26.10B | 26.90B | 32.89B | 39.41B | 41.55B | 42.17B | 42.11B |
| Total liabilities | 43,844,000,000.00 | 47,767,000,000.00 | 47,356,000,000.00 | 71,004,000,000.00 | 63,135,000,000.00 | 68,433,000,000.00 | 68,916,000,000.00 | 68,951,000,000.00 |
| Total equity | 19.57B | 19.79B | 19.86B | 23.86B | 29.56B | 29.89B | 37.83B | 39.33B |
| Retained earnings | 22.00B | 21.90B | 23.16B | 26.61B | 31.61B | 32.07B | 40.11B | 41.91B |
| Line item | 2023-09 | 2024-03 | 2024-09 | 2025-03 | 2025-09 | 2026-03 |
|---|---|---|---|---|---|---|
| Total current assets | 7.70B | 10.38B | 14.46B | 14.33B | 8.93B | 7.49B |
| Cash & ST investments | 1.91B | 4.25B | 7.27B | 6.93B | 4.06B | 2.83B |
| Inventory | 931.00M | 828.00M | 639.00M | 557.00M | 641.00M | 559.00M |
| Total assets | 94.25B | 98.33B | 101.85B | 106.74B | 103.76B | 108.28B |
| Total current liabilities | 8.28B | 11.39B | 8.99B | 10.62B | 9.19B | 9.80B |
| Short-term debt | 2.69B | 4.86B | 2.70B | 4.66B | 3.62B | 3.90B |
| Long-term debt | -- | 41.55B | -- | 42.17B | -- | 42.11B |
| Total liabilities | 64,767,000,000.00 | 68,433,000,000.00 | 65,986,000,000.00 | 68,916,000,000.00 | 66,542,000,000.00 | 68,951,000,000.00 |
| Total equity | 29.48B | 29.89B | 35.87B | 37.83B | 37.22B | 39.33B |
| Retained earnings | 31.25B | 32.07B | 38.67B | 40.11B | 39.99B | 41.91B |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 4.32B | 4.62B | 4.46B | 6.27B | 6.90B | 6.94B | 6.81B | 7.83B |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- | -- | -- |
| Free cash flow | 377.00M | 32.00M | -147.00M | 728.00M | 6.00M | -514.00M | -2.50B | -2.75B |
| Dividends paid | -1.16B | -892.00M | -1.41B | -922.00M | -1.61B | -1.72B | -1.53B | -1.62B |
| Stock buybacks / issuance | 15.00M | 10.00M | 14.00M | 30.00M | 17.00M | 16.00M | 7.01B | 39.00M |
| Ending cash balance | 252.00M | 73.00M | 157.00M | 182.00M | 163.00M | 559.00M | 1.18B | 375.00M |
| Line item | 2023-09 | 2024-03 | 2024-09 | 2025-03 | 2025-09 | 2026-03 |
|---|---|---|---|---|---|---|
| Operating cash flow | -- | -- | -- | -- | -- | -- |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | -- | -- | -- | -- | -- | -- |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | -- | -- | -- | -- | -- | -- |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 7.91 | 6.50 | 8.32 | 10.78 | 29.22 | 7.71 | 8.58 | 8.41 |
| ROA %i | 2.48 | 1.94 | 2.44 | 2.90 | 8.31 | 2.40 | 2.83 | 3.01 |
| ROIC %i | 4.89 | 4.06 | 4.70 | 5.08 | 12.61 | 4.51 | 4.89 | 4.93 |
| 5-year avg ROE %i | 21.83 | 19.74 | 17.33 | 10.29 | 12.52 | 12.48 | 12.91 | 12.94 |
| EBIT margin %i | 19.18 | 19.49 | 20.75 | 24.92 | 24.33 | 24.04 | 29.71 | 32.97 |
| FCF / sales %i | 2.52 | -- | -- | 3.95 | 0.03 | -- | -- | -- |
| Current ratioi | 0.87 | 0.68 | 1.06 | 0.73 | 1.00 | 0.91 | 1.35 | 0.76 |
| Quick ratioi | 0.59 | 0.54 | 0.54 | 0.27 | 0.68 | 0.64 | 1.01 | 0.65 |
| Debt / assetsi | 45.31 | 45.58 | 46.45 | 47.93 | 46.37 | 47.87 | 44.54 | 43.18 |
| LT debt / equityi | 124.09 | 135.16 | 138.53 | 139.91 | 135.52 | 141.34 | 113.42 | 109.05 |
| Interest coveragei | 2.80 | 2.62 | 3.12 | 3.97 | 3.14 | 2.77 | 3.02 | 3.54 |
| Revenue CAGR (3Y) %i | 4.17 | -3.86 | -3.59 | 7.30 | 17.47 | 13.25 | -0.13 | -6.53 |
| Net income CAGR (3Y) %i | -16.45 | -45.47 | -22.70 | 15.91 | 83.40 | 11.77 | 7.24 | -25.37 |
| FCF CAGR (3Y) %i | -45.41 | -73.45 | -- | 24.53 | -42.76 | -- | -- | -- |
| Line item | 2023-09 | 2024-03 | 2024-09 | 2025-03 | 2025-09 | 2026-03 |
|---|---|---|---|---|---|---|
| ROE %i | 27.69 | 7.71 | 5.54 | 8.58 | 7.87 | 8.41 |
| ROA %i | 7.87 | 2.40 | 1.85 | 2.83 | 2.79 | 3.01 |
| ROIC %i | 11.87 | 4.51 | 3.69 | 4.89 | 4.77 | 4.93 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 24.15 | 24.04 | 21.48 | 29.71 | 31.95 | 32.97 |
| FCF / sales %i | 1.65 | -- | -- | -- | -- | -- |
| Current ratioi | 0.93 | 0.91 | 1.61 | 1.35 | 0.97 | 0.76 |
| Quick ratioi | 0.63 | 0.64 | 1.10 | 1.01 | 0.75 | 0.65 |
| Debt / assetsi | 47.53 | 47.87 | 44.35 | 44.54 | 44.25 | 43.18 |
| LT debt / equityi | 142.95 | 141.34 | 118.50 | 113.42 | 113.71 | 109.05 |
| Interest coveragei | 2.93 | 2.77 | 2.32 | 3.02 | 3.11 | 3.54 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Diversified
- New York is the largest reported line at 43.07% of revenue, across 7 reported segments.
- No single line clears half of revenue; New England is next at 23.60%, spreading the business across more than one real driver.
Revenue breakdown most recent period
Business
New York43.07%
New England23.60%
United Kingdom Electricity Transmission16.38%
United Kingdom Electricity Distribution10.95%
National Grid Ventures6.21%
Other0.55%
Region
United States69.06%
United Kingdom30.94%
Quote time 2026-10-08 08:34:18 · For reference only, not investment advice and not tailored to your situation.