1. United Kingdom Stocks

  2. •

    Financial Services

  3. •

    Banks - Diversified
NatWest Group plc

NatWest Group plc

NWG.L
NatWest Group plcGB flagLondon Stock Exchange
660.00
GBp
-17.80
- -
52.53BMarket Cap
NatWest Group plc
NWG.L
(London Stock Exchange)

Recent

price

660.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.61
4.31
1.38
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
2.12
Revenue per Share
-0.11
-0.4
-0.59
-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
0.75
Basic EPS, GAAP
1.72
-0.03
-4.56
-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
- -
Free Cash Flow per Basic Share
0.43
0.01
0.03
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
- -
Dividend per Share
3.65
6.45
1.68
0.73
0.27
0.71
-0.1
2.64
2.36
2.32
2.19
2.27
2.2
2.34
2.55
3.03
3.19
Book Value per Share
6.27
11.52
5.57
4.51
4.83
4.45
3.95
3.86
3.58
3.3
3.3
3.25
2.97
3.22
3.76
4.38
4.55
Tangible Book Value per Share
9,958
5,313
10,216
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
8,003
Basic Weighted Avg Shares
25,944
22,912
14,149
16,024
14,663
12,931
12,366
12,716
13,341
11,719
10,760
10,340
13,352
14,784
14,653
16,609
16,973
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
2,220
1,875
1,854
1,410
1,109
1,180
919
837
768
1,220
914
923
833
934
1,058
1,154
1,168
Depreciation Expense
-1,001
-2,151
-5,754
-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
5,994
Net Income, GAAP
- -
- -
- -
- -
72.23
- -
- -
32.65
35.96
11.02
- -
25.91
24.84
23.21
23.65
24.31
24.33
Effective Tax Rate (%)
-3.86
-9.39
-40.67
-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
35.31
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
241,582
187,824
120,290
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
6,642
LT Debt
76,851
76,053
70,448
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
43,671
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
-3.5
-6.09
-23.44
-72.26
-59.31
-36.08
- -
- -
7.13
13.36
-1.57
13.23
15.55
21.46
22.31
25.35
24.77
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8,030
7,995
7,971
Market Capitalization
4,233,901
5,241,504
4,427,190

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
84,686
85,348
78,966
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
3.15%
9.68%
13.35%
Total Cash Common Dividend
184.77%
78.63%
32%

Quarterly Revenue

FRC

•

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
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

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

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

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