National Grid plc (NGG) stock price, financials & research

Regular session · ET · Market data may be delayed.

GoAI snapshot

Jul 10, 2026

57/ 100

GoAI Score

Hold

Valuation

70

Undervalued

Sentiment

48

Mixed

Risk

23

Moderate Risk

Momentum

40

Weakening

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

Company profile

Company website

National Grid plc engages in the transmission and distribution of electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission networks in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in east and west Midlands, Southwest of England, and South Wales. The New England segment provides electricity and gas supply and distribution, and high-voltage electricity transmission services in New England. The New York segment offers electricity and gas distribution, and electricity transmission services in New York. The National Grid Ventures segment provides transmission services through electricity interconnectors and LNG importation at the Isle of Grain. The Other segment engages in the leasing and sale of commercial property, as well as insurance activities in the United Kingdom. The company was founded in 1990 and is headquartered in London, the United Kingdom.

Industry: Regulated Electric
Sector: Utilities
Headquarters: GB
CEO: Zoë Yujnovich
Listed since: Aug 10, 2005
Employees: 33,026

Market position

Day range

Current $78.12

$77.74$78.60

52-week range

Current $78.12

$69.73$94.64

Open: $77.90
Previous close: $78.17
Volume: 796.91K; 0.71× average
Average volume: 1.12M; Average daily volume
Market cap: 78.54B USD
Beta: 0.59; Market reference 1
50-day average: $81.1958; -3.79% below average
200-day average: $83.0834; -5.97% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 109.66B GBP
P/E (TTM): 17.58×
P/B (TTM): 1.47×
P/S (TTM): 3.3×
EV / EBITDA: 13.97×
Earnings yield: 5.21%
Free cash flow yield: -6.03%
Dividend yield: 4.18%

Profitability & efficiency

Gross margin: 63.38%
Operating margin: 32.06%
Net margin: 18.32%
Return on equity: 8.38%
Return on assets: 3.04%
Return on invested capital: 4.45%

Financial health

Debt / equity: 1.19×
Current ratio: 0.76×
Altman Z-score: 1.67
Piotroski F-score: 5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

17.97B GBP-2.19%

Operating income

5.87B GBP+18.97%

Net income

3.29B GBP+13.50%

Financial statements: Income statement
Metric (GBP)	FY2026	FY2025	FY2024	FY2023	FY2022
Revenue	17.97B GBP	18.38B GBP	19.85B GBP	21.66B GBP	18.45B GBP
Cost of goods sold	12.1B GBP	4.15B GBP	5.27B GBP	8.62B GBP	6.1B GBP
Gross profit	5.87B GBP	14.23B GBP	14.58B GBP	13.04B GBP	12.35B GBP
Research and development	—	42.4M GBP	32.03M GBP	22.39M GBP	11.45M GBP
Operating expenses	—	9.29B GBP	10.1B GBP	8.16B GBP	7.98B GBP
Interest income	267.28M GBP	336.21M GBP	140.12M GBP	77.86M GBP	64.52M GBP
Interest expense	1.32B GBP	1.38B GBP	1.35B GBP	1.38B GBP	1.07B GBP
Depreciation and amortization	2.28B GBP	2.18B GBP	2.06B GBP	1.98B GBP	1.83B GBP
Operating income	5.87B GBP	4.93B GBP	4.48B GBP	4.88B GBP	4.37B GBP
Net income	3.29B GBP	2.9B GBP	2.29B GBP	7.8B GBP	2.35B GBP

Company facts updated Sep 7, 2026.

Earnings

EPS beat rate: 91%; 10 beats, 1 miss, 0 met estimates
Average EPS surprise: +5.73%; 11 comparable reports
Latest EPS result: 3.26; Estimate 3.24 · Beat by 0.62%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Latest fiscal-year EPS: 3.3; FY2026 · +8.91% year over year
Latest fiscal-year revenue: 17.97B GBP; FY2026 · -2.19% year over year
Next fiscal-year EPS consensus: 4.56; FY2027 · 3 analysts
Next fiscal-year revenue consensus: 20.15B GBP; FY2027 · 7 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$79.25

1.45% upside

Past 12 months12-month forecastHigh $85.50Average $79.25Low $73.00

Rating distribution

20 ratings

Strong buy00%

Buy1155%

Hold735%

Sell210%

Strong sell00%

Recent analyst actions

4 institutions

JefferiesdowngradeBuyHoldMar 18, 2026

Exane BNP ParibasupgradeUnderperformOutperformApr 2, 2024

NGG news

marketbeat.comAug 18, 2026

3 Infrastructure Stocks Built Around the Backbone of the Economy

Investors have spent the last few years chasing the shiniest object in the market. In other words, artificial intelligence (AI).

Read source

etftrends.comAug 2, 2026

This Energy Company Ruined My Saturday Night

I was sitting at Mackenzies Bar & Kitchen on the canal in Bristol, UK, with a friend. Just before 7pm, she got a text from her boyfriend Steve: “the power is flickering here.

Read source

defenseworld.netJul 28, 2026

Bank of New York Mellon Corp Sells 45,455 Shares of National Grid Transco, PLC $NGG

Bank of New York Mellon Corp reduced its position in National Grid Transco, PLC (NYSE: NGG) by 13.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The…

Read source

defenseworld.netJul 27, 2026

Entropy Technologies LP Increases Stake in National Grid Transco, PLC $NGG

Entropy Technologies LP raised its stake in National Grid Transco, PLC (NYSE: NGG) by 167.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned…

Read source

invezz.comJul 24, 2026

FTSE 100 shares to watch: Lloyds, Barclays, IAG, NatWest, GSK, AstraZeneca

The FTSE 100 Index was little changed this week as investors assessed the escalating UK-Iran crisis, the ongoing US earnings season, and a series of key UK economic releases. Market participants digested the latest jobs,…

Read source

gurufocus.comJul 23, 2026

Partnership with EnergyHub, Sunrun, and The Mobility House to Test Massachusetts Residential Vehicle-to-Grid Program for Eversource and National Grid Customers

[url="]Eversource[/url], [url="]National Grid[/url], [url="]EnergyHub[/url], [url="]Sunrun[/url], and [url="]The Mobility House[/url] â leaders in grid flexi

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.1202

2025 complete year-9.0% since 2021

2026 partial: $2.1738

$3.4282

2,021

$3.094

2,022

$3.5058

2,023

$6.9895

2,024

$3.1202

2,025

$2.1738

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
Dividend	May 29, 2026	$2.1738Semi-Annual	May 29, 2026	Jul 23, 2026
Dividend	Nov 21, 2025	$1.0657Semi-Annual	Nov 21, 2025	Jan 13, 2026
Dividend	May 30, 2025	$2.0545Semi-Annual	May 30, 2025	Jul 17, 2025
Dividend	Nov 22, 2024	$1.0096Semi-Annual	Nov 22, 2024	Jan 14, 2025
Dividend	Jun 7, 2024	$2.4739Semi-Annual	Jun 7, 2024	Jul 19, 2024
Dividend	May 31, 2024	$3.506Special	—	—