National Grid PLC (NEWEN) stock

NEWENOTCNatural Gas TransmissionFiscal year ends March 31Also trades as NGG, NGGTF, NMKBP, NMKCP, NMPWP

Financials through fiscal 2026, year ended Mar 31, 2026Last filing: 20-F on Jun 3, 2026Score 3/30

$100.29+0.00 (0.00%)

Close on Oct 19, 2026Market cap $104.28BP/E 23.0Yield –

National Grid operating margin

Operating margin is operating income as a percentage of revenue.

For fiscal 2026 it was 30.7%, against 26.8% the year before. The highest annual figure on record is 30.7% in fiscal 2026.

Period	Period end	Value	Change (pts)
FY2026	Mar 31, 2026	30.7%	+3.9
FY2025	Mar 31, 2025	26.8%	+4.3
FY2024	Mar 31, 2024	22.5%	+0.0
FY2023	Mar 31, 2023	22.5%	−1.2
FY2022	Mar 31, 2022	23.7%	+6.1
FY2021	Mar 31, 2021	17.6%	+0.5
FY2020	Mar 31, 2020	17.1%	−2.2
FY2019	Mar 31, 2019	19.2%	−3.7
FY2018	Mar 31, 2018	22.9%	+1.6
FY2017	Mar 31, 2017	21.3%	−3.1
FY2016	Mar 31, 2016	24.4%	–

Parsed from the XBRL in National Grid's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is NEWEN.

Revenue growth-3.8% · median 7.8%

Operating margin30.7% · median 26.0%

Net margin18.3% · median 16.4%

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