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) Operating margin

Alert me on Operating margin

National Grid Transco, PLC's operating margin over the twelve months to 30 September 2023 was 0.00%. Over the past ten years it has ranged from 19.1% (fiscal 2020) to 30.7% (fiscal 2026) — the current reading is the highest in ten years. That is below the Utilities Regulated Electric industry median of 21.7% and below the Utilities sector median of 18.7%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 30.7% 3.86
FY2025 26.9% 4.31
FY2024 22.5% 0.01
FY2023 22.5% (1.16)
FY2022 23.7% 4.10
FY2021 19.6% 0.47
FY2020 19.1% (0.10)
FY2019 19.2% (3.68)
FY2018 22.9% 1.56
FY2017 21.3% (5.69)

Quarterly newest first

Period Operating margin Change (points)
Sep 2023 0.00% 0.00
Mar 2023 0.00% 0.00
Sep 2022 0.00% 0.00
Mar 2022 0.00% 0.00
7 more quarters

Against its own ten years

Low 19.1% High 30.7%
Ten-year median 22.7%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
DUK Duke Energy Corporation compare 28.5%
SO Southern Company (The) compare 24.7%
ETR Entergy Corporation compare 24.6%
AEP American Electric Power Company, Inc. compare 23.4%
D Dominion Energy Inc. compare 22.5%
XEL Xcel Energy Inc. compare 21.7%
EXC Exelon Corporation compare 19.9%
ED Consolidated Edison Inc compare 18.7%
NGG National Grid Transco, PLC 0.00%
Utilities Regulated Electric industry median 21.7%
Utilities sector median 18.7%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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