Utilities
National Grid plc(NGG)
Live Price
Offline$79.44
-1.54% today
1Y Change
+8.48%
Window
Jun 25, 2025 โ Jun 18, 2026
- Market Cap
- $65.10B
- Revenue Growth
- -7.4%
- EPS Growth
- +6.5%
- Dividend Yield
- 3.6%
Coverage: 247 bars ยท Jun 25, 2025 โ Jun 18, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
National Grid plc (NGG) is a Utilities stock with a market cap of $65.10B and listed on NYSE. The stock last traded around $79.44 and up 8.5% across the available one-year price window (Jun 25, 2025 โ Jun 18, 2026). Baseline metrics include revenue growth of -7.4%, EPS growth of +6.5%, a dividend yield of 3.6%. What stands out right now is revenue -7.4%, EPS +6.5%, free cash flow -166.8% with operating margin 30.0% and ROIC 4.0%. The dividend matters to the case here, with a current yield around 3.6%. Valuation is more restrained than many high-expectation growth names at P/E 22.5 and price/sales 3.7. Overall, the current profile looks closer to a turnaround or cyclical reset than a generic broad-market placeholder. Stock Foundry combines NGG price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Utilities peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Below sector median
-7.4% vs +6.1% peer median
Operating Margin
Above sector median
+30.0% vs +21.0% peer median
P/E
Above sector median
22.5 vs 19.5 peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report landed above expectations
2026 was reported on May 14, 2026 with an EPS surprise of +9.9% and a revenue surprise of -13.1%.
The operating picture looks softer than before
Revenue is at -7.4% and EPS is at +6.5%, with operating margin around 30.0%.
The next real check-in already has a date
The next earnings event is scheduled for Nov 5, 2026, which is the clearest near-term catalyst for confirming whether the current trend is holding up.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged -0.8% over the next 5 trading days and finished higher after 1 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 May 14, 2026 | +9.9% | -7.8% | -1.2% | -6.4% |
2025 Nov 6, 2025 | -54.8% | +1.9% | +2.4% | -1.2% |
2025 May 15, 2025 | -79.0% | +1.5% | -3.6% | -1.4% |
Benchmark Edge
NGG vs SPY, QQQ, and Sector ETFs
Normalized return, excess return, max drawdown, and calendar-year wins against the benchmarks investors actually use.
NGG
โ
Normalized return
SPY
--
S&P 500
Excess Return
--
Relative to SPY
NGG Max Drawdown
-15.43%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for NGG and SPY.
Company Overview
National Grid plc
New York Stock Exchange
National Grid plc transmits and distributes electricity and gas. The company operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, and New York segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales. The UK Electricity Distribution segment offers electricity distribution services in Midlands, and South West of England and South Wales. The UK Electricity System Operator segment provides balancing services for supply and demand of electricity on Great Britain's electricity transmission system; and acts as an agent on behalf of transmission operators. The New England segment offers electricity and gas distribution, and electricity transmission services in New England. The New York segment provides electricity and gas distribution, and electricity transmission services in New York. It also engages in the provision of transmission services through electricity interconnectors and LNG importation at the Isle of Grain; sale of renewables projects; and 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.
- Leadership
- Zoe A. Yujnovich
- IPO Date
- Aug 10, 2005
- Employees
- 31.4k
- Street Address
- 1-3 Strand
- Mailing
- London, WC2N 5EH
- Region
- London, GB
- Reporting Currency
- USD
- Investor Line
- 44 20 7004 3000
- Last Updated
- May 2, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- 22.5
- EV/EBITDA
- 15.5
- Price/Sales
- 3.7
- Price/Book
- 1.7
Growth
- Revenue
- -7.4%
- EPS
- +6.5%
- Free Cash Flow
- -166.8%
Profitability
- Gross Margin
- 68.8%
- Operating Margin
- 30.0%
- Net Margin
- 16.4%
- ROE
- 7.7%
- ROIC
- 4.0%
Balance Sheet
- Debt/Equity
- 1.23
- Current Ratio
- 0.97
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.