National Grid/$NGG
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
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 electricity networks in the United States, metering services and merchant transmission lines in the UK.
- Ticker
- $NGG
- Sector
- Utilities
- Primary listing
- NYSE
- Employees
- 33,026
- Headquarters
- London, United Kingdom
- Website
- www.nationalgrid.com
National Grid Metrics
BasicAdvanced
$84B
19.23
$4.37
0.58
$3.21
5.13%
Price and volume
Market cap
$84B
Beta
0.58
52-week high
$94.64
52-week low
$73.37
Average daily volume
886K
Dividend rate
$3.21
Financial strength
Current ratio
0.764
Quick ratio
0.685
Long term debt to equity
1.108
Total debt to equity
1.215
Dividend payout ratio (TTM)
50.08%
Interest coverage (TTM)
3.39%
Profitability
EBITDA (TTM)
47,047.853
Gross margin (TTM)
100.00%
Net profit margin (TTM)
18.32%
Operating margin (TTM)
29.22%
Effective tax rate (TTM)
22.45%
Revenue per employee (TTM)
$3,615,970
Management effectiveness
Return on assets (TTM)
3.00%
Return on equity (TTM)
8.41%
Valuation
Price to earnings (TTM)
19.228
Price to revenue (TTM)
3.506
Price to book
1.59
Price to tangible book (TTM)
2.4
Price to free cash flow (TTM)
-22.581
Free cash flow yield (TTM)
-4.43%
Free cash flow per share (TTM)
-3.718
Dividend yield (TTM)
3.82%
Forward dividend yield
5.13%
Growth
Revenue change (TTM)
-3.76%
Earnings per share change (TTM)
6.18%
3-year revenue growth (CAGR)
-6.53%
10-year revenue growth (CAGR)
2.96%
3-year earnings per share growth (CAGR)
-32.51%
10-year earnings per share growth (CAGR)
-1.35%
3-year dividend per share growth (CAGR)
-4.37%
10-year dividend per share growth (CAGR)
0.25%
What the Analysts think about National Grid
Analyst ratings (Buy, Hold, Sell) for National Grid stock.
Analyst projections of the future price of National Grid stock.
Bulls say / Bears say
National Grid raised its FY2027 EPS growth outlook to slightly above 13–15%, citing stronger first-half performance and strength in its grid business. Around £130 million of the expected uplift comes from one-off investment-portfolio gains. (Reuters)
The company plans at least £70 billion of investment through 2030/31 and expects 8–10% annual EPS growth, giving it a sizeable multi-year growth runway. Around two-thirds of the investment plan is covered by regulatory agreements. (Stockopedia)
Ofgem has approved £642.1 million for National Grid’s Bramford-to-Twinstead upgrade, showing that major network investment is progressing into funded projects. The work is intended to support new generation and future electricity demand. (Ofgem)
A FERC order lowered allowed base returns for New England transmission owners and required refunds with interest, putting pressure on National Grid’s returns in that region. The company says it plans to challenge the decision. (Stockopedia)
National Grid Electricity Transmission delivered 13.1GW of new boundary capacity in RIIO-T2, well below Ofgem’s 23.4GW target, and faced penalties on service and spending measures. This shortfall raises questions about its ability to deliver the next large investment programme on time and to target. (Utility Week)
The investment programme creates financing risk: net debt was £44.2 billion at March 2026, while UBS criticised National Grid’s $1.75 billion Joulent investment for a 35% stake, with cash flow not expected until the 2030s. Further large investments could add to funding needs as the £70 billion plan ramps up. (Stockopedia, Proactive Investors)
Data summarised monthly by Lightyear AI. Last updated on 29 Oct 2026.
National Grid Financial Performance
Revenues and expenses
National Grid Earnings Performance
Company profitability
Upcoming events
No upcoming events
National Grid News
AllArticlesVideos
National Grid faces scrutiny over £31bn transmission plan as UBS sticks with 'sell' rating
Proactive Investors2 weeks ago
National Grid raises earnings outlook but Jefferies keeps 'hold'
Proactive Investors4 weeks ago
3 Infrastructure Stocks Built Around the Backbone of the Economy
MarketBeat3 months ago
Funds containing National Grid
AllEURGBPUSD
Fund name | Fund size | $NGG weighting |
|---|---|---|
iShares STOXX Europe 600 Utilities€EXH9 | €800M | 12.34% |
iShares UK Dividend£IUKD | £1.3B | 3.77% |
iShares Global Infrastructure€INFR | $2.5B | 2.52% |
iShares Core FTSE 100£CUKX | £3.2B | 2.47% |
iShares Core FTSE 100£ISF | £17B | 2.46% |
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.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.