NATIONAL GRID PLC NGG

Latest FY: 2026 Utilities Utilities - Regulated Electric
Market Price $78.14
Market Cap $406.25B
P/E Ratio 119.85
Quick Peer Compare (Utilities):
Revenue (FY 2026) ↓-3.8% YoY
$17.69B
3-Yr CAGR: -6.5%
Net Income ↑107,933.3% YoY
$3.24B
Net Margin: 18.3%
Free Cash Flow ↓-16.6% YoY
-$10.02B
FCF Yield: -2.47%
EPS (Diluted) ↑6.2% YoY
$0.65
Basic: $0.66
Return on Equity Efficiency
8.2%
ROA: 3.0%

📊 Multi-Year Historical Performance & Trends

Financial Performance History Revenue, Net Income & Free Cash Flow
Margins Trend (%) Gross, Operating & Net Margins
Balance Sheet Strength Cash, Debt & Equity
Cash Flow Generation Operating Cash Flow vs CapEx vs FCF

📈 Year-over-Year (YoY) Growth History (NGG)

All monetary values in millions ($M)
Fiscal Year Revenue Revenue YoY Gross Profit Net Income Net Inc YoY Diluted EPS EPS YoY Div / Sh Div Yield Op. Cash Flow Free Cash Flow FCF YoY
FY 2017 $15,035.0M $3,208.0M $7,795.0M $2.06 0.00% $-132.0M $-3,428.0M
FY 2018 $15,250.0M +1.4% $3,493.0M $1.0M -100.0% $1.02 -50.5% 0.00% $-8.0M $-3,746.0M -9.3%
FY 2019 $14,933.0M -2.1% $2,870.0M $3.0M +200.0% $0.44 -56.5% 0.00% $75.0M $-3,560.0M +5.0%
FY 2020 $14,540.0M -2.6% $14,514.0M $1,264.0M +42,033.3% $0.36 -18.2% 0.00% $199.0M $-4,384.0M -23.1%
FY 2021 $14,779.0M +1.6% $14,758.0M $1,640.0M +29.7% $0.46 +27.5% 0.00% $157.0M $-4,205.0M +4.1%
FY 2022 $18,449.0M +24.8% $18,431.0M $2,353.0M +43.5% $0.65 +40.4% 0.00% $298.0M $-4,800.0M -14.1%
FY 2023 $21,659.0M +17.4% $21,635.0M $7,797.0M +231.4% $2.12 +226.3% 0.00% $89.0M $-6,236.0M -29.9%
FY 2024 $19,850.0M -8.4% $19,781.0M $2,290.0M -70.6% $0.62 -70.9% 0.00% $342.0M $-6,562.0M -5.2%
FY 2025 $18,378.0M -7.4% $18,338.0M $3.0M -99.9% $0.61 -0.5% 0.00% $183.0M $-8,597.0M -31.0%
FY 2026 $17,687.0M -3.8% $5,431.0M $3,241.0M +107,933.3% $0.65 +6.2% 0.00% $-32.0M $-10,021.0M -16.6%
$

Valuation

Market Price $78.14
Market Cap $406.25B
Enterprise Value $405.87B
P/E Ratio 119.85
P/B Ratio 10.34
FCF Yield -2.47%
Dividend Yield 0.00%
Shares Outstanding 5,198,968,690
%

Profitability & Margins

Gross Margin 30.71%
Operating Margin 30.71%
Net Margin 18.32%
Return on Equity (ROE) 8.25%
Return on Assets (ROA) 2.99%
Asset Turnover 0.16x
Revenue 3-Yr CAGR -6.53%
🛡️

Financial Health & Liquidity

Current Ratio -0.01
Cash Ratio -0.34
Debt / Equity 0.000
Debt / Assets 0.000
Cash & Equivalents $375.00M
Total Debt N/A
Book Value / Share $7.56
💧

Cash Flow Efficiency

Operating Cash Flow -$32.00M
Capital Expenditures (CapEx) $9.99B
Free Cash Flow -$10.02B
OCF / Revenue -0.18%
FCF / Revenue -56.66%
FCF 3-Yr CAGR N/A
🏷️

Per Share Metrics

EPS (Diluted) $0.65
EPS (Basic) $0.66
Dividends / Share N/A
Book Value / Share $7.56
EPS YoY Growth 6.19%
🏛️

Balance Sheet (FY 2026)

Total Assets $108.28B
Total Liabilities $68.98B
Stockholders' Equity $39.30B
Current Assets $16.00M
Current Liabilities -$1.11B