National Grid (NGG) Financials

$69.35 +1.29 (+1.90%)

As of 04/14/2025 03:58 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	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	3,695	9,783	4,981	1,980	1,564	2,269	3,095	9,644	2,894
Consolidated Net Income / (Loss)	3,691	9,784	4,982	1,984	1,565	2,270	3,096	9,644	2,895
Net Income / (Loss) Continuing Operations	2,706	2,272	4,979	1,968	1,274	1,804	2,871	3,357	2,802
Total Pre-Tax Income	3,314	2,742	3,732	2,412	1,732	2,302	4,526	4,440	3,852
Total Operating Income	4,588	4,027	4,901	3,760	13,421	3,321	5,749	6,035	5,655
Total Gross Profit	4,588	4,027	4,901	3,760	2,820	18,453	24,044	6,035	24,858
Total Revenue	18,797	18,874	21,396	19,566	0.00	18,903	24,264	28,013	25,084
Operating Revenue	18,797	18,874	21,396	19,566	-	18,903	24,264	26,790	25,084
Total Cost of Revenue	14,209	14,847	16,495	15,806	0.00	450	220	21,978	226
Operating Cost of Revenue	14,209	14,847	16,495	15,806	-	450	220	272	226
Total Operating Expenses	0.00	0.00	0.00	0.00	-13,421	15,132	18,596	0.00	19,218
Other Operating Expenses / (Income)	-	-	-	-	-13,421	15,132	18,596	-	19,218
Total Other Income / (Expense), net	-1,275	-1,285	-1,169	-1,348	-1,195	-1,019	-923	-1,594	-1,788
Interest Expense	-	-	1,416	1,516	-	1,180	1,410	1,977	2,163
Interest & Investment Income	-	-	178	115	-	80	66	171	313
Other Income / (Expense), net	-1,275	-1,285	69	52	-1,195	80	421	212	62
Income Tax Expense	608	470	-1,247	444	458	498	1,655	1,084	1,050
Net Income / (Loss) Discontinued Operations	985	7,512	2.81	16	291	466	225	6,287	94
Net Income / (Loss) Attributable to Noncontrolling Interest	-4.27	1.26	-1.40	-	-1.24	-1.38	-1.32	-	-1.26
Basic Earnings per Share	$0.50	$0.48	$1.44	$0.45	$0.37	$0.84	$0.65	$2.13	$0.62
Weighted Average Basic Shares Outstanding	-	-	3.64B	3.69B	3.78B	3.81B	3.90B	3.93B	3.97B
Diluted Earnings per Share	$0.50	$0.48	$1.43	$0.44	$0.36	$0.83	$0.65	$2.12	$0.62
Weighted Average Diluted Shares Outstanding	-	-	3.64B	3.69B	3.78B	3.81B	3.90B	3.93B	3.97B
Weighted Average Basic & Diluted Shares Outstanding	-	-	3.64B	3.69B	3.78B	3.81B	3.90B	3.93B	3.97B

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

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

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

No quarterly metrics and ratios for National Grid are available.

Frequently Asked Questions About National Grid's Financials

When does National Grid's financial year end?

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

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%.

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This page (NYSE:NGG) was last updated on 4/15/2025 by MarketBeat.com Staff

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National Grid (NGG) Financials

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National Grid (NGG) Financials

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