NGG · CIK 0001004315
NATIONAL GRID PLC
Annual figures as reported, FY2016–FY2025. Ratios and growth rates derived on-page.
Natural Gas Transmission
Company profile
Revenue
£18.4B
▼ −7.4% vs FY2024
Net income
£2.9B
▲ +26.8% vs FY2024
Diluted EPS
£0.61
▲ +7.5% vs FY2024
Revenue
Annual, as reported
Net income
Annual, as reported
Profitability & returns
quality of earningsMargins
Share of revenue kept at each line
Operating marginNet margin
Returns on capital
Net income vs year-end equity and assets
Return on equityReturn on assets
Shareholder returns
capital allocationCapital returned
Cash paid out as dividends and share repurchases
Dividends paid
Diluted shares outstanding
Falling count means buybacks outpace dilution
Balance sheet
financial positionStockholders’ equity
At fiscal year end
Net debt
Long-term debt less cash — negative means net cash
Growth rates
compounding, annualizedRevenue CAGR
−0.1%
3y
+6.6%
5y
Net income CAGR
+7.3%
3y
+18.1%
5y
Diluted EPS CAGR
−1.9%
3y
+11.1%
5y
Share count change (split-adjusted)
+36.0%
5y
Key ratios
derived per fiscal year| Fiscal year | Op. margin | Net margin | ROE | ROA | Current ratio | Debt / equity | DPS |
|---|---|---|---|---|---|---|---|
| FY2025 | 26.8% | 15.8% | 7.7% | 2.7% | 1.35× | 1.26× | £0.55 |
| FY2024 | 22.5% | 11.5% | 7.7% | 2.3% | 0.91× | 1.57× | £0.57 |
| FY2023 | 22.5% | 36.0% | 26.4% | 8.4% | 1.00× | 1.45× | £0.52 |
| FY2022 | 23.7% | 12.8% | 9.9% | 2.5% | 0.73× | 1.91× | £0.49 |
| FY2021 | 17.6% | 12.0% | 8.3% | 2.4% | 1.06× | 1.57× | £0.49 |
| FY2020 | 17.1% | 9.5% | 6.4% | 1.9% | 0.68× | 1.56× | £0.48 |
| FY2019 | 19.2% | 10.1% | 7.7% | 2.4% | 0.87× | 1.47× | £0.47 |
| FY2018 | 22.9% | 23.3% | 18.7% | 6.0% | 0.77× | 1.40× | £1.29 |
| FY2017 | 21.3% | 51.8% | 38.2% | 11.8% | 1.29× | 1.40× | £0.44 |
| FY2016 | 24.4% | 19.6% | 19.1% | — | — | 2.09× | £43.16 |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | £18.4B | — | £4.9B | £2.9B | £0.61 | — | £8.8B | £106.7B | £68.9B | £37.8B | £1.2B | £47.5B |
| FY2024 | £19.9B | — | £4.5B | £2.3B | £0.57 | — | £6.9B | £98.3B | £68.4B | £29.9B | £559.0M | £47.1B |
| FY2023 | £21.7B | — | £4.9B | £7.8B | £1.96 | — | £6.3B | £92.7B | £63.1B | £29.6B | £163.0M | £43.0B |
| FY2022 | £18.4B | — | £4.4B | £2.4B | £0.65 | — | £5.1B | £94.9B | £71.0B | £23.9B | £204.0M | £45.5B |
| FY2021 | £13.7B | — | £2.4B | £1.6B | £0.46 | — | £4.2B | £67.2B | £47.4B | £19.9B | £157.0M | £31.2B |
| FY2020 | £13.4B | — | £2.3B | £1.3B | £0.36 | — | £4.3B | £67.6B | £47.8B | £19.8B | £73.0M | £30.8B |
| FY2019 | £14.9B | — | £2.9B | £1.5B | £0.44 | — | £3.6B | £63.4B | £43.8B | £19.6B | £252.0M | £28.7B |
| FY2018 | £15.3B | — | £3.5B | £3.6B | £1.02 | — | £3.7B | £59.2B | £40.2B | £19.0B | £329.0M | £26.6B |
| FY2017 | £15.0B | — | £3.2B | £7.8B | £2.06 | — | £3.3B | £65.8B | £45.5B | £20.4B | £1.1B | £28.6B |
| FY2016 | £13.2B | — | £3.2B | £2.6B | £0.68 | — | £2.9B | — | — | £13.6B | £124.0M | £28.3B |
Latest filings
the most recent regulatory filings6-KNGV TO INVEST $1.75BN IN JOULENT2026-07-01 ↗6-KBATCH FILING2026-06-30 ↗11-KEmployee stock plan report2026-06-16 ↗8-A12BSEC filing2026-06-12 ↗CERTNYSE CERTIFICATION2026-06-12 ↗6-KForeign issuer report2026-06-09 ↗424B5Prospectus2026-06-05 ↗6-KSCRIP DIVIDEND FOR 2025/26 FINAL DIVIDEND2026-06-04 ↗FWPSEC filing2026-06-04 ↗424B5Prospectus2026-06-04 ↗
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