National Grid PLC (NGGTF) income statement

NGGTFOTCNatural Gas TransmissionFiscal year ends March 31Also trades as NEWEN, NGG, NMKBP, NMKCP, NMPWP

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

$15.76−0.67 (-4.09%)

Close on Oct 19, 2026Market cap $89.34BP/E 19.7Yield –

National Grid PLC income statement

AnnualQuarterlyTTM

GBP USD

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2026 2026-03-31	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31	FY 2020 2020-03-31	FY 2019 2019-03-31	FY 2018 2018-03-31	FY 2017 2017-03-31	FY 2016 2016-03-31
Revenue	23,705	23,446	24,948	26,082	25,204	17,835	16,969	19,611	20,207	19,602	19,900
Research & Development	51	55	40	28	15	16	11	25	17	18	29
Operating Expenses	–	–	–	–	–	15,511	14,937	15,842	15,578	15,419	15,042
Operating Income	7,279	6,295	5,624	5,875	5,971	3,134	2,895	3,769	4,628	4,182	4,857
Interest Expense	2,285	2,305	2,152	1,924	1,465	1,113	1,296	1,519	1,337	1,486	1,472
Interest & Investment Income	509	574	312	166	68	76	69	116	168	69	33
Income from Equity Investments	102	93	47	206	126	76	111	53	65	82	89
Pretax Income	5,605	4,657	3,831	4,323	4,701	2,172	1,778	2,418	3,525	2,847	3,508
Income Tax Expense	1,259	1,047	1,044	1,055	1,719	470	470	445	-1,178	488	643
Income from Continuing Operations	4,346	3,609	2,786	3,268	2,982	1,702	1,308	1,972	4,703	2,360	2,865
Income from Discontinued Operations	0	97	93	6,121	234	440	298	16	2.65	7,802	1,042
Net Income incl. Noncontrolling Interests	4,346	3,706	2,879	9,389	3,216	2,142	1,607	1,988	4,705	10,161	3,907
Minority Interest in Earnings	2.68	3.83	1.26	0	–	–	–	3.94	1.33	-1.30	4.52
Net Income	4,344	3,702	2,878	9,389	3,215	2,140	1,605	1,984	4,704	10,163	3,903
Net Income to Common	4,344	3,702	2,878	9,389	3,215	2,140	1,605	1,984	4,704	10,163	3,903
EPS (Basic)(per share)	0.88	0.79	0.72	2.37	0.89	0.61	0.46	0.59	1.36	2.70	1.03
EPS (Diluted)(per share)	0.87	0.78	0.72	2.36	0.89	0.60	0.46	0.58	1.35	2.69	1.03
Shares Outstanding (Basic, Weighted)(shares)	4,946	4,707	3,991	3,956	3,599	3,523	3,461	3,386	3,461	3,763	3,774
Shares Outstanding (Diluted, Weighted)(shares)	4,971	4,729	4,008	3,973	3,616	3,540	3,478	3,401	3,476	3,780	3,790
EBITDA	–	–	–	–	–	–	–	–	6,656	6,113	6,832

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Mar 31, 2026

Profitability, FY2026

Gross margin: –
Operating margin: 30.7%
Net margin: 18.3%
Return on equity, FY2026: 8.4%

Financial strength

Current ratio: 0.76
Debt to equity: 1.19
Debt to assets: 43.2%
Cash to current liabilities: 3.8%

Valuation

P/E ratio: 19.7
Price to sales: 3.77
Price to book: 1.70
Dividend yield: –

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