National Grid Transco, PLC

NGG Utilities Utilities Regulated Electric

National Grid Transco, PLC’s revenue for fiscal 2026 (year ended March 2026) was $23.7 billion, up 1.11% from fiscal 2025.

85.85 0.63 +0.74%
Market cap
$86.4B
P/E
23.5×
Fwd P/E
13.9×
Dividend yield
3.77%
F-score
6/9
Altman Z
1.39
Beneish M
−2.66
Dividend safety
20/100

National Grid Transco, PLC (NGG) Free cash flow

Alert me on Free cash flow

National Grid Transco, PLC's free cash flow for fiscal 2026 was −$3.6B, compared with −$3.2B in fiscal 2025. Over the past ten years it has ranged from −$3.6B (fiscal 2026) to $2.8B (fiscal 2015) — the current reading is the lowest in ten years. Free cash flow has fallen for 4 consecutive fiscal years. National Grid Transco, PLC ranks 38th of 39 Utilities Regulated Electric companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2026 −$3.6B —
FY2025 −$3.2B —
FY2024 −$580.7M —
FY2023 $112.1M (89.12%)
FY2022 $1.0B —
FY2021 −$417.3M —
FY2020 −$272.1M —
FY2019 $544.8M (31.79%)
FY2018 $798.7M (64.65%)
FY2017 $2.3B (13.26%)

Quarterly newest first

Period Free cash flow Change
Mar 2026 −$2.8B —
Sep 2025 −$1.4B —
Mar 2025 −$2.5B —
Sep 2024 −$2.1B —
19 more quarters

Against its own ten years

Low −$3.6B High $2.8B
Ten-year median $328.5M
Current reading's percentile 8

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)

The full definition of Free cash flow →

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