National Grid (NGG) Financials

$72.56 -0.11 (-0.15%)

Closing price 05/29/2025 03:59 PM Eastern

Extended Trading

$72.44 -0.13 (-0.17%)

As of 05/29/2025 07:51 PM Eastern

Annual Income Statements for National Grid

This table shows National Grid's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016
Net Income / (Loss) Attributable to Common Shareholders	2,894	9,644	3,095	2,269	1,564	1,980	4,981	9,783	3,695
Consolidated Net Income / (Loss)	2,895	9,644	3,096	2,270	1,565	1,984	4,982	9,784	3,691
Net Income / (Loss) Continuing Operations	2,802	3,357	2,871	1,804	1,274	1,968	4,979	2,272	2,706
Total Pre-Tax Income	3,852	4,440	4,526	2,302	1,732	2,412	3,732	2,742	3,314
Total Operating Income	5,655	6,035	5,749	3,321	13,421	3,760	4,901	4,027	4,588
Total Gross Profit	24,858	6,035	24,044	18,453	2,820	3,760	4,901	4,027	4,588
Total Revenue	25,084	28,013	24,264	18,903	0.00	19,566	21,396	18,874	18,797
Operating Revenue	25,084	26,790	24,264	18,903	-	19,566	21,396	18,874	18,797
Total Cost of Revenue	226	21,978	220	450	0.00	15,806	16,495	14,847	14,209
Operating Cost of Revenue	226	272	220	450	-	15,806	16,495	14,847	14,209
Total Operating Expenses	19,218	0.00	18,596	15,132	-13,421	0.00	0.00	0.00	0.00
Other Operating Expenses / (Income)	19,218	-	18,596	15,132	-13,421	-	-	-	-
Total Other Income / (Expense), net	-1,788	-1,594	-923	-1,019	-1,195	-1,348	-1,169	-1,285	-1,275
Interest Expense	2,163	1,977	1,410	1,180	-	1,516	1,416	-	-
Interest & Investment Income	313	171	66	80	-	115	178	-	-
Other Income / (Expense), net	62	212	421	80	-1,195	52	69	-1,285	-1,275
Income Tax Expense	1,050	1,084	1,655	498	458	444	-1,247	470	608
Net Income / (Loss) Discontinued Operations	94	6,287	225	466	291	16	2.81	7,512	985
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.26	-	-1.32	-1.38	-1.24	-	-1.40	1.26	-4.27
Basic Earnings per Share	$0.62	$2.13	$0.65	$0.84	$0.37	$0.45	$1.44	$0.48	$0.50
Weighted Average Basic Shares Outstanding	3.97B	3.93B	3.90B	3.81B	3.78B	3.69B	3.64B	-	-
Diluted Earnings per Share	$0.62	$2.12	$0.65	$0.83	$0.36	$0.44	$1.43	$0.48	$0.50
Weighted Average Diluted Shares Outstanding	3.97B	3.93B	3.90B	3.81B	3.78B	3.69B	3.64B	-	-
Weighted Average Basic & Diluted Shares Outstanding	3.97B	3.93B	3.90B	3.81B	3.78B	3.69B	3.64B	-	-

No quarterly income statements for National Grid are available.

This table details how cash moves in and out of National Grid's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016
Net Change in Cash & Equivalents	-713	1,772	10,607	90	226	2,394	-1,132	1,235	5.69
Net Cash From Operating Activities	8,769	9,668	8,425	6,171	5,246	1,132	6,318	6,564	7,637
Net Cash From Continuing Operating Activities	8,769	7,846	7,220	5,362	5,132	1,132	6,608	5,423	6,106
Net Income / (Loss) Continuing Operations	5,655	6,035	5,749	3,321	2,820	0.00	4,901	4,027	4,588
Consolidated Net Income / (Loss)	5,655	6,035	5,749	3,321	2,820	-	4,901	4,027	4,588
Depreciation Expense	2,604	2,454	2,407	2,054	1,775	2,260	2,147	1,859	1,865
Non-Cash Adjustments To Reconcile Net Income	977	602	-367	142	401	-1,128	-115	687	-14
Changes in Operating Assets and Liabilities, net	-432	-110	-392	-126	173	-	-324	-1,130	-327
Net Cash From Discontinued Operating Activities	0.00	686	1,028	809	582	-	-290	1,141	1,531
Net Cash From Investing Activities	-10,011	435	-8,178	-7,351	-3,184	0.00	3,601	-5,416	-5,742
Net Cash From Continuing Investing Activities	-9,605	994	-18,262	-6,832	3,568	0.00	3,362	-4,562	-4,921
Purchase of Property, Plant & Equipment	-9,418	-8,525	-7,291	-6,374	-365	-	-5,487	-4,418	-4,341
Acquisitions	-102	-118	-259	-137	-172	-	-2.81	0.00	0.00
Purchase of Investments	-420	-548	-349	-112	-235	-	-181	-95	-165
Sale of Property, Plant & Equipment	66	108	34	9.68	-5,227	-	14	23	5.69
Divestitures	861	9,267	543	-	-	-	0.00	-	-
Sale and/or Maturity of Investments	-1,126	949	-692	-492	186	-	9,142	-6,842	-421
Other Investing Activities, net	0.00	0.00	0.00	0.00	2,246	-	-123	6,770	0.00
Net Cash From Discontinued Investing Activities	129	-698	-164	-245	385	-	240	-854	-821
Net Cash From Financing Activities	529	-8,331	10,360	1,270	-596	1,262	-11,051	87	-1,889
Net Cash From Continuing Financing Activities	1,247	-8,616	11,730	625	2,154	1,262	-10,727	-1,936	-1,714
Repayment of Debt	-4,206	-20,644	-3,043	-4,186	-4,830	-2,580	-4,222	-3,082	-2,286
Payment of Dividends	-2,171	-1,988	-1,213	-1,955	-1,104	-	-6,295	-1,837	-1,902
Issuance of Debt	7,030	14,729	16,239	7,124	5,547	3,842	2,723	3,092	3,878
Issuance of Common Equity	25	20	43	22	20	-	46	23	23
Other Financing Activities, net	-149	-192	-154	-148	-389	-	-1,546	113	-1,039
Net Cash From Discontinued Financing Activities	0.00	-256	-1,512	412	167	-	-324	2,022	-175

No quarterly cash flow statements for National Grid are available.

This table presents National Grid's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017
Total Assets	124,253	114,657	124,760	92,980	83,590	83,086	82,478	82,653
Total Current Assets	13,116	11,272	23,625	13,747	7,177	10,411	9,373	17,040
Cash & Equivalents	706	202	268	217	90	330	462	1,430
Short-Term Investments	56	189	371	2,608	115	142	568	309
Accounts Receivable	4,316	4,737	4,886	4,038	3,695	4,131	3,926	3,425
Inventories, net	3,350	2,868	672	-5,528	679	3,048	478	506
Current Deferred & Refundable Income Taxes	14	53	139	93	126	165	160	398
Other Current Nonoperating Assets	4,674	3,222	4,136	-	2,472	2,596	3,780	10,973
Plant, Property, & Equipment, net	0.00	0.00	75,666	65,074	61,569	58,777	55,914	49,995
Total Noncurrent Assets	24,060	23,688	38,621	14,158	14,844	13,898	17,191	15,618
Long-Term Investments	1,794	1,608	1,628	1,949	1,231	797	3,042	2,615
Goodwill	12,295	12,180	12,536	6,347	7,067	7,039	7,638	7,653
Intangible Assets	4,336	4,458	4,303	1,996	1,602	1,420	1,261	1,159
Other Noncurrent Operating Assets	5,635	5,442	20,153	1,450	2,655	2,589	5,250	3,435
Total Liabilities & Shareholders' Equity	122,391	114,657	124,760	107,073	83,590	83,086	82,478	82,653
Total Liabilities	86,479	78,092	93,384	65,507	59,101	57,447	56,034	57,063
Total Current Liabilities	14,392	11,293	32,578	12,959	10,596	11,961	12,202	13,195
Short-Term Debt	6,140	3,655	15,942	-5,169	5,038	5,859	6,239	6,899
Accounts Payable	5,527	6,625	6,464	4,865	4,457	4,938	5,228	4,199
Current Deferred & Payable Income Tax Liabilities	278	292	42	104	106	211	173	134
Other Current Liabilities	584	586	10,130	-1,968	995	953	563	1,962
Total Noncurrent Liabilities	72,087	66,799	60,807	52,549	48,505	45,486	43,832	43,868
Long-Term Debt	53,345	49,513	44,997	38,017	33,062	31,784	31,116	29,051
Noncurrent Deferred & Payable Income Tax Liabilities	9,502	8,882	8,897	6,661	5,501	5,523	5,101	5,623
Noncurrent Employee Benefit Liabilities	749	858	1,065	-	3,467	2,339	2,346	3,184
Other Noncurrent Operating Liabilities	8,491	7,545	5,847	5,016	6,475	5,840	5,270	6,011
Total Equity & Noncontrolling Interests	37,775	36,565	31,375	-27,472	24,489	25,639	26,444	25,589
Total Preferred & Common Equity	37,743	36,536	31,345	-27,443	24,462	25,613	26,421	25,569
Preferred Stock	1,640	1,610	1,710	-	1,610	1,722	1,853	1,662
Total Common Equity	36,103	34,925	29,635	41,536	22,852	23,891	24,568	23,907
Common Stock	623	604	638	656	582	600	634	564
Retained Earnings	40,522	39,096	34,999	32,041	27,090	28,824	30,303	28,348
Other Equity Adjustments	-5,042	-4,774	-6,001	8,839	-4,819	-5,533	-6,370	-5,005
Noncontrolling Interest	32	30	30	29	27	26	22	20

No quarterly balance sheets for National Grid are available.

This table displays calculated financial ratios and metrics derived from National Grid's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.46%	15.45%	28.36%	0.00%	-100.00%	-8.55%	13.36%	0.41%	0.00%
EBITDA Growth	-4.35%	1.45%	57.20%	-61.03%	130.54%	3.31%	54.67%	-11.16%	0.00%
EBIT Growth	-8.47%	1.24%	81.38%	-72.18%	220.64%	2.17%	81.25%	-17.26%	0.00%
NOPAT Growth	-9.84%	25.09%	40.12%	-73.64%	221.83%	-53.08%	95.91%	-10.93%	0.00%
Net Income Growth	-69.98%	211.50%	36.39%	45.03%	-21.10%	-60.18%	-49.08%	165.11%	0.00%
EPS Growth	-70.91%	226.31%	-21.78%	128.93%	-18.24%	-56.51%	199.06%	165.11%	0.00%
Operating Cash Flow Growth	-9.30%	14.75%	36.53%	17.63%	363.41%	-82.08%	-3.76%	-14.05%	0.00%
Free Cash Flow Firm Growth	-95.03%	430.37%	-627.44%	-53.75%	2,729.55%	87.37%	92.55%	0.00%	0.00%
Invested Capital Growth	-2.76%	-94.24%	52.39%	-3.93%	-1.24%	6.21%	21.06%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	99.10%	21.54%	99.09%	97.62%	0.00%	19.22%	22.90%	21.34%	24.41%
EBITDA Margin	33.17%	31.06%	35.35%	28.86%	0.00%	31.04%	33.26%	24.38%	27.55%
Operating Margin	22.54%	21.54%	23.69%	17.57%	0.00%	19.22%	22.90%	21.34%	24.41%
EBIT Margin	22.79%	22.30%	25.43%	17.99%	0.00%	19.49%	23.23%	14.53%	17.63%
Profit (Net Income) Margin	11.54%	34.43%	12.76%	12.01%	0.00%	10.14%	23.29%	51.84%	19.63%
Tax Burden Percent	75.16%	217.19%	68.41%	98.62%	90.36%	82.24%	133.50%	356.87%	111.38%
Interest Burden Percent	67.37%	71.09%	73.35%	67.67%	14.17%	63.26%	75.10%	100.00%	100.00%
Effective Tax Rate	27.26%	24.40%	36.56%	21.63%	26.43%	18.41%	-33.42%	17.12%	18.33%
Return on Invested Capital (ROIC)	84.26%	10.04%	5.13%	4.52%	0.00%	5.32%	12.80%	14.44%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	88.03%	54.39%	4.33%	3.96%	0.00%	1.89%	6.59%	76.96%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-76.47%	18.35%	153.51%	-156.73%	0.00%	2.30%	6.35%	62.03%	0.00%
Return on Equity (ROE)	7.79%	28.39%	158.64%	-152.20%	6.24%	7.62%	19.15%	76.47%	0.00%
Cash Return on Invested Capital (CROIC)	87.06%	188.25%	-36.39%	8.53%	17.97%	-0.70%	-6.26%	-185.56%	0.00%
Operating Return on Assets (OROA)	4.79%	5.22%	5.67%	3.85%	0.00%	4.61%	6.02%	3.32%	0.00%
Return on Assets (ROA)	2.42%	8.06%	2.84%	2.57%	0.00%	2.40%	6.03%	11.84%	0.00%
Return on Common Equity (ROCE)	7.44%	26.98%	2,892.67%	3,285.48%	5.82%	7.09%	17.84%	71.44%	0.00%
Return on Equity Simple (ROE_SIMPLE)	7.67%	26.40%	9.88%	-8.27%	6.40%	7.75%	18.86%	38.27%	0.00%
Net Operating Profit after Tax (NOPAT)	4,113	4,562	3,647	2,603	9,874	3,068	6,539	3,338	3,747
NOPAT Margin	16.40%	16.29%	15.03%	13.77%	0.00%	15.68%	30.56%	17.68%	19.93%
Net Nonoperating Expense Percent (NNEP)	-3.77%	-44.34%	0.80%	0.56%	24.45%	3.43%	6.21%	-62.52%	0.00%
Cost of Revenue to Revenue	0.90%	78.46%	0.91%	2.38%	0.00%	80.78%	77.10%	78.66%	75.59%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	76.61%	0.00%	76.64%	80.05%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings before Interest and Taxes (EBIT)	5,717	6,246	6,170	3,402	12,226	3,813	4,969	2,742	3,314
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8,321	8,700	8,576	5,456	14,001	6,073	7,116	4,601	5,179
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.49	1.44	1.79	0.93	1.54	1.31	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	2.75	2.75	4.15	1.16	2.47	2.03	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.14	1.80	2.19	2.04	0.00	1.60	0.00	0.00	0.00
Price to Earnings (P/E)	18.53	5.22	17.17	16.99	22.44	15.80	0.00	0.00	0.00
Dividend Yield	5.18%	6.64%	4.94%	6.16%	6.50%	7.26%	21.17%	7.33%	7.57%
Earnings Yield	5.40%	19.15%	5.82%	5.89%	4.46%	6.33%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	23.32	20.84	1.32	1.18	1.25	1.17	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	4.47	3.68	4.68	3.53	0.00	3.55	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	13.49	11.86	13.24	12.21	5.24	11.43	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	19.63	16.52	18.41	19.59	6.00	18.20	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	27.28	22.61	31.14	25.60	7.43	22.62	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.80	10.67	13.48	10.80	13.99	61.31	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	26.41	1.21	0.00	13.58	6.92	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	1.57	1.45	1.94	-1.20	1.56	1.47	1.41	1.40	0.00
Long-Term Debt to Equity	1.41	1.35	1.43	-1.38	1.35	1.24	1.18	1.14	0.00
Financial Leverage	-0.87	0.34	35.45	-39.57	1.36	1.22	0.96	0.81	0.00
Leverage Ratio	3.21	3.52	55.79	-59.19	3.33	3.18	3.17	3.23	0.00
Compound Leverage Factor	2.17	2.51	40.92	-40.06	0.47	2.01	2.38	3.23	0.00
Debt to Total Capital	61.16%	59.25%	66.01%	611.07%	60.87%	59.48%	58.55%	58.42%	0.00%
Short-Term Debt to Total Capital	6.31%	4.07%	17.27%	-96.17%	8.05%	9.26%	9.78%	11.21%	0.00%
Long-Term Debt to Total Capital	54.85%	55.18%	48.74%	707.23%	52.82%	50.23%	48.77%	47.21%	0.00%
Preferred Equity to Total Capital	1.69%	1.79%	1.85%	0.00%	2.57%	2.72%	2.91%	2.70%	0.00%
Noncontrolling Interests to Total Capital	0.03%	0.03%	0.03%	0.54%	0.04%	0.04%	0.04%	0.03%	0.00%
Common Equity to Total Capital	37.12%	38.92%	32.10%	772.70%	36.51%	37.75%	38.51%	38.85%	0.00%
Debt to EBITDA	7.15	6.11	7.11	6.02	2.72	6.20	5.25	7.81	0.00
Net Debt to EBITDA	6.84	5.88	6.84	5.15	2.62	5.99	4.68	6.87	0.00
Long-Term Debt to EBITDA	6.41	5.69	5.25	6.97	2.36	5.23	4.37	6.31	0.00
Debt to NOPAT	14.46	11.65	16.71	12.62	3.86	12.27	5.71	10.77	0.00
Net Debt to NOPAT	13.84	11.22	16.09	10.79	3.71	11.86	5.09	9.47	0.00
Long-Term Debt to NOPAT	12.97	10.85	12.34	14.61	3.35	10.36	4.76	8.70	0.00
Altman Z-Score	1.17	1.29	1.01	1.17	1.24	1.18	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	4.46%	4.98%	-1,723.43%	2,258.63%	6.75%	6.96%	6.84%	6.57%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.91	1.00	0.73	1.06	0.68	0.87	0.77	1.29	0.00
Quick Ratio	0.35	0.45	0.17	0.53	0.37	0.38	0.41	0.39	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4,250	85,522	-25,887	4,908	10,611	-404	-3,195	-42,876	0.00
Operating Cash Flow to CapEx	93.76%	114.86%	116.09%	96.96%	93.81%	0.00%	115.43%	149.36%	176.17%
Free Cash Flow to Firm to Interest Expense	1.96	43.27	-18.36	4.16	0.00	-0.27	-2.26	0.00	0.00
Operating Cash Flow to Interest Expense	4.05	4.89	5.98	5.23	0.00	0.75	4.46	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-0.27	0.63	0.83	-0.16	0.00	0.75	0.60	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.21	0.23	0.22	0.21	0.00	0.24	0.26	0.23	0.00
Accounts Receivable Turnover	5.54	5.82	5.44	4.89	0.00	4.86	5.82	5.51	0.00
Inventory Turnover	0.07	12.42	0.00	0.00	0.00	8.97	33.52	29.35	0.00
Fixed Asset Turnover	0.00	0.00	0.34	0.30	0.00	0.34	0.40	0.38	0.00
Accounts Payable Turnover	0.04	3.36	0.04	0.10	0.00	3.23	3.50	3.54	0.00
Days Sales Outstanding (DSO)	65.86	62.69	67.12	74.65	0.00	75.15	62.70	66.23	0.00
Days Inventory Outstanding (DIO)	5,017.04	29.40	0.00	0.00	0.00	40.71	10.89	12.44	0.00
Days Payable Outstanding (DPO)	9,804.44	108.69	9,413.61	3,784.08	0.00	112.96	104.30	103.23	0.00
Cash Conversion Cycle (CCC)	-4,721.54	-16.59	-9,346.49	-3,709.43	0.00	2.90	-30.71	-24.57	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	4,813	4,950	85,910	56,376	58,681	59,419	55,947	46,213	0.00
Invested Capital Turnover	5.14	0.62	0.34	0.33	0.00	0.34	0.42	0.82	0.00
Increase / (Decrease) in Invested Capital	-137	-80,960	29,534	-2,305	-737	3,472	9,734	46,213	0.00
Enterprise Value (EV)	112,226	103,171	113,556	66,641	73,393	69,403	0.00	0.00	0.00
Market Capitalization	53,626	50,361	53,145	38,538	35,092	31,280	0.00	0.00	0.00
Book Value per Share	$9.19	$8.89	$7.77	$10.99	$6.20	$6.57	$6.75	$0.00	$0.00
Tangible Book Value per Share	$4.95	$4.65	$3.35	$8.78	$3.85	$4.24	$4.31	$0.00	$0.00
Total Capital	97,259	89,733	92,314	5,375	62,590	63,283	63,798	61,540	0.00
Total Debt	59,485	53,168	60,938	32,848	38,101	37,644	37,355	35,951	0.00
Total Long-Term Debt	53,345	49,513	44,997	38,017	33,062	31,784	31,116	29,051	0.00
Net Debt	56,928	51,169	58,671	28,074	36,664	36,375	33,283	31,597	0.00
Capital Expenditures (CapEx)	9,353	8,417	7,257	6,365	5,592	0.00	5,473	4,395	4,335
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4,102	3,243	6,350	-7,206	1,414	3,838	2,381	9,006	0.00
Debt-free Net Working Capital (DFNWC)	4,864	3,634	6,989	-4,381	1,620	4,309	3,411	10,745	0.00
Net Working Capital (NWC)	-1,276	-21	-8,953	788	-3,419	-1,550	-2,828	3,845	0.00
Net Nonoperating Expense (NNE)	1,218	-5,082	551	333	8,309	1,084	1,556	-6,447	57
Net Nonoperating Obligations (NNO)	-32,961	-31,615	54,535	83,848	34,192	33,780	29,504	20,624	0.00
Total Depreciation and Amortization (D&A)	2,604	2,454	2,407	2,054	1,775	2,260	2,147	1,859	1,865
Debt-free, Cash-free Net Working Capital to Revenue	16.35%	11.58%	26.17%	-38.12%	0.00%	19.61%	11.13%	47.72%	0.00%
Debt-free Net Working Capital to Revenue	19.39%	12.97%	28.80%	-23.18%	0.00%	22.03%	15.94%	56.93%	0.00%
Net Working Capital to Revenue	-5.09%	-0.08%	-36.90%	4.17%	0.00%	-7.92%	-13.22%	20.37%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.62	$2.87	$0.00	$0.47	$0.37	$0.44	$1.03	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	3.97B	3.93B	0.00	3.81B	3.78B	3.69B	3.64B	0.00	0.00
Adjusted Diluted Earnings per Share	$0.62	$2.12	$0.00	$0.46	$0.36	$0.44	$1.02	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	3.97B	3.93B	0.00	3.81B	3.78B	3.69B	3.64B	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.89	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	3.97B	3.93B	0.00	3.81B	3.78B	3.69B	3.64B	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	4,113	4,562	3,647	2,603	9,874	3,068	3,430	3,338	3,747
Normalized NOPAT Margin	16.40%	16.29%	15.03%	13.77%	0.00%	15.68%	16.03%	17.68%	19.93%
Pre Tax Income Margin	15.36%	15.85%	18.65%	12.18%	0.00%	12.33%	17.44%	14.53%	17.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.64	3.16	4.38	2.88	0.00	2.52	3.51	0.00	0.00
NOPAT to Interest Expense	1.90	2.31	2.59	2.21	0.00	2.02	4.62	0.00	0.00
EBIT Less CapEx to Interest Expense	-1.68	-1.10	-0.77	-2.51	0.00	2.52	-0.36	0.00	0.00
NOPAT Less CapEx to Interest Expense	-2.42	-1.95	-2.56	-3.19	0.00	2.02	0.75	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	74.99%	20.61%	39.17%	86.11%	70.51%	0.00%	126.36%	18.77%	51.54%
Augmented Payout Ratio	74.99%	20.61%	39.17%	86.11%	70.99%	0.00%	155.14%	21.27%	62.07%

No quarterly metrics and ratios for National Grid are available.

Frequently Asked Questions About National Grid's Financials

When does National Grid's fiscal year end?

According to the most recent income statement we have on file, National Grid's financial year ends in March. Their financial year 2024 ended on March 31, 2024.

How has National Grid's net income changed over the last 8 years?

National Grid's net income appears to be on a downward trend, with a most recent value of $2.90 billion in 2024, falling from $3.69 billion in 2016. The previous period was $9.64 billion in 2023. View National Grid's forecast to see where analysts expect National Grid to go next.

What is National Grid's operating income?

National Grid's total operating income in 2024 was $5.66 billion, based on the following breakdown:

Total Gross Profit: $24.86 billion
Total Operating Expenses: $19.22 billion

How has National Grid revenue changed over the last 8 years?

Over the last 8 years, National Grid's total revenue changed from $18.80 billion in 2016 to $25.08 billion in 2024, a change of 33.4%.

How much debt does National Grid have?

National Grid's total liabilities were at $86.48 billion at the end of 2024, a 10.7% increase from 2023, and a 51.5% increase since 2017.

How much cash does National Grid have?

In the past 7 years, National Grid's cash and equivalents has ranged from $90.32 million in 2020 to $1.43 billion in 2017, and is currently $706.41 million as of their latest financial filing in 2024.

How has National Grid's book value per share changed over the last 8 years?

Over the last 8 years, National Grid's book value per share changed from 0.00 in 2016 to 9.19 in 2024, a change of 918.6%.

Related Companies

This page (NYSE:NGG) was last updated on 5/30/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

National Grid (NGG) Financials

Frequently Asked Questions About National Grid's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

National Grid (NGG) Financials

Annual Income Statements for National Grid

Quarterly Income Statements for National Grid

Annual Cash Flow Statements for National Grid

Quarterly Cash Flow Statements for National Grid

Annual Balance Sheets for National Grid

Quarterly Balance Sheets for National Grid

Annual Metrics And Ratios for National Grid

Quarterly Metrics And Ratios for National Grid

Frequently Asked Questions About National Grid's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools