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) Net margin

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National Grid Transco, PLC's net margin over the twelve months to 30 September 2023 was 26.1%. Over the past ten years it has ranged from 8.69% (fiscal 2020) to 51.9% (fiscal 2017); the current reading is higher than 75% of that period. That is above the Utilities Regulated Electric industry median of 13.5% and above the Utilities sector median of 11.6%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2026 18.3% 2.53
FY2025 15.8% 4.25
FY2024 11.5% (24.46)
FY2023 36.0% 23.25
FY2022 12.8% 1.65
FY2021 11.1% 2.41
FY2020 8.69% (1.43)
FY2019 10.1% (13.16)
FY2018 23.3% (28.57)
FY2017 51.9% 34.71

Quarterly newest first

Period Net margin Change (points)
Sep 2023 13.3% (40.26)
Mar 2023 53.6% 40.25
Sep 2022 13.3% (3.03)
Mar 2022 16.3% 9.50
7 more quarters

Against its own ten years

Low 8.69% High 51.9%
Ten-year median 14.5%
Current reading's percentile 75

Net margin against peers

Company Net margin
NGG National Grid Transco, PLC 26.1%
XEL Xcel Energy Inc. compare 18.0%
SO Southern Company (The) compare 16.0%
DUK Duke Energy Corporation compare 15.8%
ETR Entergy Corporation compare 14.6%
AEP American Electric Power Company, Inc. compare 14.2%
D Dominion Energy Inc. compare 14.0%
ED Consolidated Edison Inc compare 12.7%
EXC Exelon Corporation compare 10.2%
Utilities Regulated Electric industry median 13.5%
Utilities sector median 11.6%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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