National Grid/£NG
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About National Grid
National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the UK, and the Grain (UK) liquefied natural gas facility.
Ticker
£NG
Sector
Primary listing
LSE
Employees
31,654
Headquarters
Website
National Grid Metrics
BasicAdvanced
£54B
17.77
£0.61
0.30
£0.47
4.28%
Price and volume
Market cap
£54B
Beta
0.3
52-week high
£10.97
52-week low
£8.84
Average daily volume
8.6M
Dividend rate
£0.47
Financial strength
Current ratio
1.349
Quick ratio
1.039
Long term debt to equity
115.423
Total debt to equity
128.687
Dividend payout ratio (TTM)
52.69%
Interest coverage (TTM)
2.97%
Profitability
EBITDA (TTM)
6,794
Gross margin (TTM)
100.00%
Net profit margin (TTM)
15.79%
Operating margin (TTM)
27.15%
Effective tax rate (TTM)
22.49%
Revenue per employee (TTM)
£580,000
Management effectiveness
Return on assets (TTM)
3.04%
Return on equity (TTM)
8.36%
Valuation
Price to earnings (TTM)
17.767
Price to revenue (TTM)
2.794
Price to book
1.41
Price to tangible book (TTM)
2.16
Price to free cash flow (TTM)
-20.558
Free cash flow yield (TTM)
-4.86%
Free cash flow per share (TTM)
-0.531
Dividend yield (TTM)
4.28%
Growth
Revenue change (TTM)
-7.42%
Earnings per share change (TTM)
-0.47%
3-year revenue growth (CAGR)
-0.13%
10-year revenue growth (CAGR)
3.24%
3-year earnings per share growth (CAGR)
-1.89%
10-year earnings per share growth (CAGR)
0.67%
3-year dividend per share growth (CAGR)
-2.86%
10-year dividend per share growth (CAGR)
-0.01%
What the Analysts think about National Grid
Analyst ratings (Buy, Hold, Sell) for National Grid stock.
Bulls say / Bears say
National Grid exceeded annual profit expectations for the year ending March 31, 2025, reporting an adjusted operating profit of £5.36 billion, underscoring the resilience of its UK transmission and New York operations. (Reuters)
National Grid Electricity Transmission selected Prysmian as preferred bidder for the €2 billion Eastern Green Link 4 HVDC project, advancing critical undersea interconnection capacity between Scotland and England. (Reuters)
National Grid filed a three-year rate plan with the New York PSC proposing a 9.5% return on equity and over $1.78 billion in first-year capital investments, bolstering its regulated revenue growth profile. (Reuters)
National Grid recorded a £303 million impairment charge after suspending the Community Offshore Wind project in New York, reflecting execution challenges and policy uncertainty. (Reuters)
A July 2025 report attributed the Heathrow power outage to a preventable substation transformer failure, triggering an Ofgem enforcement investigation into National Grid Electricity Transmission’s maintenance practices. (Reuters)
The proposed upstate New York rate plan includes steep customer bill increases that may face regulatory pushback, risking delays or limits on allowed revenue recovery. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 2 Oct 2025.
National Grid Financial Performance
Revenues and expenses
National Grid Earnings Performance
Company profitability
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.
Capital at risk
Upcoming events
No upcoming events
FAQs
What’s the current market cap for National Grid stock?
National Grid (NG) has a market cap of £54B as of October 09, 2025.
What is the P/E ratio for National Grid stock?
The price to earnings (P/E) ratio for National Grid (NG) stock is 17.77 as of October 09, 2025.
Does National Grid stock pay dividends?
Yes, the National Grid (NG) stock pays dividends to shareholders. As of October 09, 2025, the dividend rate is £0.4672 and the yield is 4.28%. National Grid has a payout ratio of 52.69% on a trailing twelve-month basis.
When is the next National Grid dividend payment date?
The next National Grid (NG) dividend payment date is unconfirmed.
What is the beta indicator for National Grid?
National Grid (NG) has a beta rating of 0.3. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.