1. United Kingdom Stocks

  2. •

    Utilities

  3. •

    Regulated Electric
National Grid plc

National Grid plc

NG.L
National Grid plcGB flagLondon Stock Exchange
1,231.00
GBp
-13.00
- -
61.25BMarket Cap
National Grid plc
NG.L
(London Stock Exchange)

Recent

price

1,231.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
4.26
3.89
3.93
3.98
4.05
3.53
4.01
4.05
4.05
3.55
3.57
4.71
5.44
4.94
3.9
3.58
3.84
Revenue per Share
0.64
0.54
0.59
0.67
0.54
0.69
2.08
0.94
0.41
0.34
0.43
0.6
1.96
0.57
0.62
0.66
1.07
Basic EPS, GAAP
0.51
0.25
0.1
0.24
0.46
0.62
0.46
0.16
0.1
0.01
-0.04
0.19
- -
-0.13
-0.53
-0.56
- -
Free Cash Flow per Basic Share
0.25
0.28
0.22
0.28
0.34
0.36
0.39
1.19
0.31
0.24
0.37
0.24
0.4
0.43
0.32
0.33
- -
Dividend per Share
3.73
3.58
3.71
4.12
4.08
4.47
6.14
5.86
6.1
5.94
6.17
6.92
8.06
8.11
8.66
8.6
3.08
Book Value per Share
1.13
1.1
1.26
1.79
1.6
1.97
3.56
3.32
3.56
3.4
3.61
2.82
4.05
4.17
5.25
5.26
0.4
Tangible Book Value per Share
3,369
3,556
3,654
3,719
3,756
3,745
3,753
3,766
3,684
3,766
3,833
3,916
3,981
4,017
4,707
4,946
2,996
Basic Weighted Avg Shares
14,343
13,832
14,359
14,809
15,201
13,212
15,035
15,250
14,933
13,360
13,665
18,449
21,659
19,850
18,378
17,687
11,507
Sales/Revenue/Turnover
41.91
42.87
47.62
44.03
42.66
24.33
35.59
22.71
23.05
20.06
17.64
23.72
22.54
23.51
29.64
32.17
-1.69
Operating Margin (%)
1,245
1,282
1,361
1,417
1,494
1,311
1,481
1,530
1,588
1,435
1,485
1,830
1,984
2,061
2,479
2,247
- -
Depreciation Expense
2,159
1,917
2,153
2,476
2,019
2,591
7,795
3,550
1,511
1,264
1,640
2,353
7,797
2,290
2,902
3,241
3,203
Net Income, GAAP
17.57
19.44
20.55
10.33
23.48
18.33
17.12
- -
18.41
26.43
21.63
36.56
24.4
27.26
22.49
22.45
- -
Effective Tax Rate (%)
15.05
13.86
14.99
16.72
13.28
19.61
51.85
23.28
10.12
9.46
12
12.75
36
11.54
15.79
18.32
27.83
Profit Margin (%)
-486
-598
2,131
158
-1,343
-1,409
3,063
-2,016
-1,183
-2,763
570
-6,807
-17
-1,010
3,711
-2,312
-1,711
Working Capital
20,246
20,533
24,647
22,439
22,882
24,733
23,142
22,178
24,258
26,722
27,483
33,344
40,030
42,213
42,877
42,855
17,121
LT Debt
9,069
9,246
10,234
11,919
11,974
13,565
20,384
18,848
19,568
19,793
19,860
23,856
29,562
29,892
37,826
39,330
5,374
Total Equity
15.69
14.47
15.18
15.28
13.01
6.53
9.69
- -
6.01
4.01
3.74
4.65
5.22
4.54
5.18
5.13
- -
Return on Invested Capital (%)
12.3
8.15
8.03
8.64
7
7.73
17.95
- -
4.76
3.83
4.34
4.84
12.28
4.58
5.12
5.09
- -
Return on Capital (%)
21.39
15.16
16.38
17.13
13.18
16.16
39.19
15.75
6.79
5.64
7.13
9.28
26.34
7.08
7.92
7.78
37.28
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'08
Dec'08
Mar'08
ST Debt
3,046
- -
3,882
LT Borrowings
16,038
- -
17,121
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,927
- -
2,830
Market Capitalization
2,049,392
2,035,878
1,688,021

Working Capital

FRC

•

in mil. unless spec.
Sep'08
Dec'08
Mar'08
Total Current Assets
6,124
- -
5,435
Cash, Cash Equivalents & STI
2,203
- -
2,699
Accounts Receivable, Net
1,558
- -
2,265
Inventories
672
- -
438
Total Current Liabilities
5,680
- -
7,146
Payables & Accruals
- -
- -
- -
ST Debt
3,046
- -
3,882
Deferred Revenue
59
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.37%
15.14%
3.98%
Free Cash Flow
-974.4%
-1,793.03%
9.93%
Net Income, GAAP
34.5%
48.52%
11.68%
Sales/Revenue/Turnover
3.78%
6.58%
-3.76%
Total Cash Common Dividend
21.89%
8.32%
6.15%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
19,850
2025
- -
- -
- -
- -
18,378
2026
- -
- -
- -
- -
17,687

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.57
2025
- -
- -
- -
- -
0.62
2026
- -
- -
- -
- -
0.66

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.43
2025
- -
- -
- -
- -
0.32
2026
- -
- -
- -
- -
0.33
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Business
National Grid plc (NG.L) owns and operates electricity and gas transmission and distribution networks principally in the United Kingdom and the Northeastern United States. The company provides high-voltage electricity transmission in England and Wales through National Grid Electricity Transmission; electricity distribution to nearly 8 million customers in the East and West Midlands, South West England, and Wales via National Grid Electricity Distribution (formerly Western Power Distribution); electricity transmission across upstate New York, Massachusetts, New Hampshire, and Vermont; electricity distribution in upstate New York and Massachusetts; and gas distribution networks serving over 20 million customers across New York, Massachusetts, and Rhode Island. National Grid Ventures develops and invests in large-scale energy projects and technologies to support the transition to clean energy, while National Grid Partners functions as a corporate venture capital arm investing in energy innovation startups. Headquartered in London, England, National Grid traces its origins to the establishment of the UK's National Grid in 1935 and was formally incorporated as National Grid Company plc in 1990 following the privatization of the Central Electricity Generating Board. The company operates across two primary segments: UK Electricity Transmission and Distribution, and US Electricity and Gas, targeting residential, commercial, and industrial customers in these regions with a focus on reliable energy delivery, grid resilience, and net-zero emissions goals. Recent strategic developments include the completion of a £9 billion Great Grid Partnership framework in fiscal year 2025 with seven supply chain partners for onshore transmission projects; agreements for over $3 billion in capital works across New England over five years; and divestment of National Grid Renewables alongside an agreement to sell Grain LNG, streamlining operations ahead of schedule. National Grid announced a five-year investment plan totaling around £60 billion across the UK and Northeast US to expand networks for electrification and decarbonization, with FY2025 capital investment reaching £9,847 million, up 20% from the prior year. In half-year results to September 2025, the company reported a 17% rise in operating profit, achieved £100 million in synergies from the Western Power Distribution acquisition six months early, and submitted a business plan for up to £35 billion in totex spending through March 2031 to double national power flow capacity.