GoAI
Get started
National Grid plc logo

National Grid plc

NGG

NYSEUtilitiesRegulated Electric

Open in GoAI

Previous close

$79.76

−$0.86 · -1.07%

Aug 21, 4:00 PM ET

Pre-market

$80.058

+$0.298 · +0.37%

Aug 24, 4:00 AM ET

NGG company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

70

Undervalued

Momentum

40

Weakening

Sentiment

48

Mixed

Risk resilience

77

Moderate Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

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
Zoe A. Yujnovich
Listed since
Aug 10, 2005
Employees
33,026

Market position

Day range

Current $79.76

52-week range

Current $79.76

Open
$81.18
Previous close
$80.62
Volume
571.72K
0.51× average
Average volume
1.13M
Average daily volume
Market cap
80.19B USD
Beta
0.59
Market reference 1
50-day average
$81.6472
-2.31% below average
200-day average
$82.9688
-3.87% below average

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends84%58%31%5%Gross margin, FY2022: 66.95%Gross margin, FY2023: 60.19%Gross margin, FY2024: 73.44%Gross margin, FY2025: 77.42%Gross margin, FY2026: 32.66%Operating margin, FY2022: 23.69%Operating margin, FY2023: 22.53%Operating margin, FY2024: 22.54%Operating margin, FY2025: 26.85%Operating margin, FY2026: 32.66%Net margin, FY2022: 12.75%Net margin, FY2023: 36.00%Net margin, FY2024: 11.54%Net margin, FY2025: 15.79%Net margin, FY2026: 18.32%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 66.95%. Gross margin FY2023 60.19%. Gross margin FY2024 73.44%. Gross margin FY2025 77.42%. Gross margin FY2026 32.66%. Operating margin FY2022 23.69%. Operating margin FY2023 22.53%. Operating margin FY2024 22.54%. Operating margin FY2025 26.85%. Operating margin FY2026 32.66%. Net margin FY2022 12.75%. Net margin FY2023 36.00%. Net margin FY2024 11.54%. Net margin FY2025 15.79%. Net margin FY2026 18.32%.

Income trends

Revenue

17.97B USD-2.19%

Operating income

5.87B USD+18.97%

Net income

3.29B USD+13.50%
Income trends across reported periods23.6B USD15.85B USD8.1B USD353.1M USDRevenue, FY2022: 18.45B USDRevenue, FY2023: 21.66B USDRevenue, FY2024: 19.85B USDRevenue, FY2025: 18.38B USDRevenue, FY2026: 17.97B USDOperating income, FY2022: 4.37B USDOperating income, FY2023: 4.88B USDOperating income, FY2024: 4.48B USDOperating income, FY2025: 4.93B USDOperating income, FY2026: 5.87B USDNet income, FY2022: 2.35B USDNet income, FY2023: 7.8B USDNet income, FY2024: 2.29B USDNet income, FY2025: 2.9B USDNet income, FY2026: 3.29B USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 18.45B USD. Revenue FY2023 21.66B USD. Revenue FY2024 19.85B USD. Revenue FY2025 18.38B USD. Revenue FY2026 17.97B USD. Operating income FY2022 4.37B USD. Operating income FY2023 4.88B USD. Operating income FY2024 4.48B USD. Operating income FY2025 4.93B USD. Operating income FY2026 5.87B USD. Net income FY2022 2.35B USD. Net income FY2023 7.8B USD. Net income FY2024 2.29B USD. Net income FY2025 2.9B USD. Net income FY2026 3.29B USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue17.97B USD18.38B USD19.85B USD21.66B USD18.45B USD
Cost of goods sold12.1B USD4.15B USD5.27B USD8.62B USD6.1B USD
Gross profit5.87B USD14.23B USD14.58B USD13.04B USD12.35B USD
Research and development—42.4M USD32.03M USD22.39M USD11.45M USD
Operating expenses—9.29B USD10.1B USD8.16B USD7.98B USD
Interest income267.28M USD336.21M USD140.12M USD77.86M USD64.52M USD
Interest expense1.32B USD1.38B USD1.35B USD1.38B USD1.07B USD
Depreciation and amortization2.28B USD2.18B USD2.06B USD1.98B USD1.83B USD
Operating income5.87B USD4.93B USD4.48B USD4.88B USD4.37B USD
Net income3.29B USD2.9B USD2.29B USD7.8B USD2.35B USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$79.25

0.64% downside
Past 12 months12-month forecastHigh $85.50Average $79.25Low $73.00

Rating distribution

20 ratings
Strong buy00%
Buy1155%
Hold735%
Sell210%
Strong sell00%

Corporate actions

Corporate action history

Stock split

Effective May 22, 2017

229:250

Stock split

Effective Aug 1, 2005

877:1,000

NGG peers

NextEra Energy, Inc. logo

NEE

NextEra Energy, Inc.

$83.65

-1.62%

The Southern Company logo

SOMN

The Southern Company

$48.05

-1.80%

Southern Company (The) Series 2 logo

SOJE

Southern Company (The) Series 2

$15.90

-1.06%

The Southern Company logo

SO

The Southern Company

$88.94

-2.72%

Duke Energy Corporation logo

DUK

Duke Energy Corporation

$119.85

-2.31%

Dominion Energy, Inc. logo

D

Dominion Energy, Inc.

$66.59

-1.30%

ETFs holding NGG

Funds reporting this stock among their holdings, ordered by reported position size.

Avantis International Equity ETF logoAvantis International Equity ETFAVDE
Market value
30.35M
Weight
0.16%
AUM
19.1B USD
Expense ratio
0.23%
Price / 1D
$94.26+0.87%
iShares Dynamic Equity Active ETF logoiShares Dynamic Equity Active ETFBDYN
Market value
18.13M
Weight
0.59%
AUM
3.11B USD
Expense ratio
0.42%
Price / 1D
$28.23+0.68%
Global X - U.S. Electrification ETF logoGlobal X - U.S. Electrification ETFZAP
Market value
17.78M
Weight
3.88%
AUM
457.99M USD
Expense ratio
0.50%
Price / 1D
$31.60-1.89%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
10.5M
Weight
0.07%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.405+0.83%
Brandes International ETF logoBrandes International ETFBINV
Market value
6.64M
Weight
1.23%
AUM
208.51M USD
Expense ratio
0.70%
Price / 1D
$45.66+0.55%
ActivePassive International Equity ETF logoActivePassive International Equity ETFAPIE
Market value
5.53M
Weight
0.47%
AUM
953.79M USD
Expense ratio
0.45%
Price / 1D
$39.766+1.16%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
3.88M
Weight
0.03%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%
Brandes U.S. Value ETF logoBrandes U.S. Value ETFBUSA
Market value
3.71M
Weight
1.14%
AUM
293.26M USD
Expense ratio
0.60%
Price / 1D
$42.465+0.81%

Continue in GoAI

Research NGG

research.disclaimer