NatWest Group Plc

NatWest Group Plc

7.74
EUR
+0.10
(+1.34%)
0.84EPS
8.99P/E
61.08BMarket Cap
Oct 30Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.54
1.39
1.21
1.14
1.15
1.2
1.05
0.95
0.96
1.35
1.61
1.73
2.06
2.03
Basic EPS, GAAP
-0.86
-0.29
-0.18
-0.51
0.11
0.18
0.31
-0.04
0.3
0.36
0.51
0.57
0.72
0.74
Free Cash Flow per Basic Share
-3.01
-2.01
0.01
-0.42
3.14
-0.66
-0.32
2.55
4.85
-4.55
-2.07
0.08
0.72
- -
Dividend per Share
0.04
0.04
0.04
0.16
0.06
0.07
0.31
0.03
0.09
0.32
0.19
0.21
0.29
- -
Book Value per Share
10.2
9.43
4.95
4.44
4.35
4.09
3.88
3.89
3.99
3.78
4.23
4.89
5.33
5.51
Tangible Book Value per Share
8.05
8.12
4.34
3.85
3.76
3.5
3.29
3.3
3.35
3.04
3.36
3.95
4.42
4.22
Basic Weighted Avg Shares
10,396
10,545
10,693
10,857
11,019
11,151
11,205
11,278
10,785
9,882
9,173
8,447
8,057
8,627
Sales/Revenue/Turnover
16,024
14,663
12,931
12,366
12,716
13,341
11,719
10,760
10,340
13,352
14,781
14,653
16,609
17,483
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1,410
1,109
1,180
919
837
768
1,220
914
923
833
934
1,058
1,154
1,162
Net Income, GAAP
-8,597
-2,771
-1,594
-5,258
1,473
2,159
3,539
-372
3,268
3,589
4,636
4,802
5,831
6,341
Effective Tax Rate (%)
- -
72.23
- -
- -
32.65
35.96
11.02
- -
25.91
24.84
23.21
23.65
24.31
24.9
Profit Margin (%)
-53.65
-18.9
-12.33
-42.52
11.58
16.18
30.2
-3.46
31.61
26.88
31.36
32.77
35.11
36.27
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
90,792
72,079
49,842
45,308
12,563
49,909
56,876
56,530
58,331
55,316
60,074
65,922
71,826
76,191
Total Equity
59,215
58,709
54,147
49,404
49,093
46,490
43,556
43,824
41,803
36,496
37,188
39,378
42,613
43,828
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-2.02
- -
- -
1.84
2.74
3.33
- -
3.22
3.73
4.91
4.73
5.3
5.47
Return on Common Equity (%)
-14.04
-5.42
-3.46
-10.82
2.56
4.2
7.84
-0.91
7.59
9.17
12.59
12.55
14.23
14.79

Capital Structure

GBP

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7,995
7,971
7,959
Market Capitalization
52,123
44,367
52,617

Working Capital

GBP

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
85,348
78,966
77,107
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

GBP

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.17%
-0.26%
8.22%
Free Cash Flow
-492.96%
93.8%
734.29%
Net Income, GAAP
-81.27%
-182.9%
21.43%
Sales/Revenue/Turnover
3.14%
9.68%
13.35%
Total Cash Common Dividend
184.77%
78.63%
32%

Quarterly Revenue

GBP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,475
3,650
3,744
3,775
14,653
2025
3,980
3,991
4,332
4,292
16,609
2026
4,358
4,501
- -
- -
- -

Quarterly Earnings Per Share

GBP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.12
0.15
0.16
0.57
2025
0.17
0.14
0.18
0.18
0.72
2026
0.19
0.18
- -
- -
- -

Quarterly Dividends Per Share

GBP

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.21
2025
- -
- -
- -
- -
0.29
2026
- -
- -
- -
- -
- -

Company Description

CEO
John Paul Thwaite
Full Time Employees
59,000
Sector
Finance
Industry
Major banks
Address
Gogarburn Edinburgh SCT United Kingdom EH12 1HQ
IPO Date
Jul 10, 1968
Business
NatWest Group plc is a British banking and insurance holding company primarily focused on serving customers in the United Kingdom with operations extending internationally. The group offers a comprehensive range of products and services spanning retail, commercial, private, and institutional banking. Its core product portfolio includes current accounts; mortgages; personal unsecured lending; personal deposits; credit cards; overdrafts; home and life insurance; savings products; as well as asset and invoice finance. The group also provides corporate finance, investment banking, trade finance, international payments, risk management, and specialized sector expertise notably in sustainable energy, commercial property, and technology. NatWest Group delivers these services through key subsidiaries and brands, including NatWest, Royal Bank of Scotland, Ulster Bank, NatWest Markets (investment banking), Coutts (private banking), and RBS International for offshore services. Founded in 1968 and headquartered in Edinburgh, Scotland, NatWest Group operates predominantly in the UK and Ireland, with selective international exposure through its investment banking and offshore subsidiaries. The group serves more than 20 million customers across retail, commercial, corporate, and institutional market segments. Recent major developments include the full return to private ownership in May 2025 following the UK government's sale of its remaining shares, ending public ownership since the 2008 financial crisis. This change accelerates the group's strategic flexibility and capital allocation. The group has also been actively investing in technology and digital platform modernization, driving efficiencies and improved customer experience. Notably, in 2025 NatWest acquired balances from Sainsbury's Bank to expand its lending book. It has delivered strong financial performance with growth across all customer businesses, including significant climate and transition finance lending aligned with net zero goals. Operationally, the group has focused on cost savings and workforce reductions to support investment in innovation and simplification. Additionally, NatWest continues to advance its sustainable finance initiatives as part of its growth strategy. Overall, NatWest Group plc represents a diversified UK banking group with extensive retail and commercial banking products; sophisticated institutional and investment banking capabilities; and a commitment to innovation, sustainability, and private ownership strategic flexibility.

Company News

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  • JP Morgan stays overweight on European banks, names NatWest a top pick

  • NatWest named top pick by Citi as European banking bull run nears final leg

  • NatWest: Improving Deposit Margin Continues To Lift Earnings

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