NYSE · NATURAL GAS TRANSMISSION · LARGE CAP
National Grid PLC NGG
10 fiscal years on record · GBP · FY2024 reported
SEC FILINGS ONLY
Revenue · FY2024
£18.4B
▼ 7.4% vs FY2023
EPS · FY24
£0.61
Dividend / sh · FY24
£0.55
Payout · FY24
53%
ROE · FY24
8.6%
Net margin · FY24
15.8%
Dividend coverage
1.1×
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Result
GBP 18.4B
Revenue, FY2024 · full 10-year series below
Revenue
Net income
16 cents of every revenue dollar became profit this year.
Per share
GBP 0.61
Diluted EPS, FY2024
EPS
Dividend
Earnings covered the dividend 1.1 times — the rest stayed in the company.
Profitability
8.6%
Return on equity, FY2024
ROE
Operating margin26.8%
Net margin15.8%
Return on assets2.8%
Each GBP of equity produced 9 cents of profit this year.
Returned to shareholders
GBP 1.5B
returned in FY2024 · dividends + net buybacks
Dividends paidGBP 1.5B
Net buybacks—
Share of profit52.7%
Consecutive raises—
GBP 1.5B in dividends — 53% of the year's profit went back to shareholders.
Growth
+6.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−0.1%
+6.6%
Net income
+7.2%
+18.1%
EPS, diluted
−1.9%
+11.1%
Dividend / share
+3.6%
+2.8%
Returned to shareholders
+18.4%
+11.4%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
—
Shares outstanding, FY2024
Change, 5 years—
Change, 10 years—
A share split breaks the comparison across the period, so we leave it out.
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Balance sheet
GBP 106.7B
total assets, end of FY2024
Total assetsGBP 106.7B
EquityGBP 37.8B
CashGBP 1.2B
Gross debtGBP 47.5B
Net debtGBP 46.4B
Current ratio1.35×
Net debt stands at 123% of equity.
History
10 fiscal years
Every figure from documents filed with the SEC · GBP
Metric
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Revenue £B
18.4
19.9
21.7
18.4
13.7
13.4
14.9
15.2
15.0
13.2
Operating income £B
4.9
4.5
4.9
4.4
2.4
2.3
2.9
3.5
3.2
3.2
EBITDA £B
7.1
6.5
6.9
6.2
3.9
3.7
4.6
5.0
4.7
4.5
Income tax £B
0.8
0.8
0.9
1.3
0.4
0.4
0.3
−0.9
0.4
0.4
Net income £B
2.9
2.3
7.8
2.4
1.6
1.3
1.5
3.5
7.8
2.6
EPS, diluted £
0.61
0.57
1.96
0.65
0.46
0.36
0.44
1.02
2.06
0.68
Dividend / sh £
0.55
0.57
0.52
0.49
0.49
0.48
0.47
1.29
0.44
43.16
Payout %
53
75
21
39
86
71
77
126
19
52
ROE %
8.6
7.7
29.2
10.8
8.3
6.4
7.8
18.0
38.3
·
Shares out B
·
·
·
·
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
28 of 28
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed