National Grid is executing a massive capital deployment strategy, evidenced by a net PPE increase to $81.5 billion, aimed at securing long-term regulatory asset base expansion. While this transition supports a 5.4% revenue growth rate as of 2026Q4, the relianc...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth reached 5.4% in 2026Q4, supported by an improved 39.0% operating margin that suggests effective management within the RIIO regulatory framework.
National Grid’s share price sits near its 52‑week high, reflecting robust market sentiment. Over the past year the stock has surged 44.37%, outpacing the S&P 500’s 15.7% gain during the same period.
The company operates electricity and gas distribution in the UK and the US, serving over 20 million people through its New York and Massachusetts networks. It also owns the UK’s largest electricity distribution network and a high‑voltage transmission network in England and Wales, providing stable, multi‑segment revenue.
National Grid is committing significant capital to upgrade and expand its networks, including Accelerated Strategic Transmission Investment (ASTI) projects in the UK and advanced metering deployments in the US. These investments aim to enhance reliability, resilience and support the transition to cleaner energy sources, aligning with state climate goals.
Trailing total returns as of 10/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q2 2026Latest May 14, 2026 | $3.26+0.6% vs $3.24 | $14.3B-12.3% vs $16.4B |
Q4 2025 Nov 6, 2025 | $1.95+5.4% vs $1.85 | $7.6B-32.2% vs $11.2B |
Q2 2025 May 15, 2025 | $3.06+8.5% vs $2.82 | $14.1B-13.8% vs $16.3B |
Q4 2024 Nov 7, 2024 | $1.83+3.4% vs $1.77 | $10.5B-9.8% vs $11.7B |
Investors with an interest in Alternative Energy - Other stocks have likely encountered both National Grid (NGG) and Ormat Technologies (ORA). But which of these two companies is the best option for those looking for undervalued stocks?
Investors with an interest in Alternative Energy - Other stocks have likely encountered both National Grid (NGG) and Ormat Technologies (ORA). But which of these two stocks offers value investors a better bang for their buck right now?
Investors interested in stocks from the Alternative Energy - Other sector have probably already heard of National Grid (NGG) and Ormat Technologies (ORA). But which of these two stocks presents investors with the better value opportunity right now?
National Grid Partners survey of U.S. utility innovation leaders finds 78% use artificial intelligence to manage rising power demand, as industry works to keep pace with rapid change BOSTON, Sept. 18, 2026 /PRNewswire/ -- National Grid Partners, the corporate venture capital and innovation arm of one of the world's largest energy companies, today unveiled its third annual Utility Innovation Survey.
Benchmark NGG against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for National Grid plc (NGG)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $76.85 | $76.47B | 17.54 | -2.19% | 18.32% | 8.54% | 2.87% | |
| $85.44 | $96.32B | 21.80 | 10.59% | 15.43% | 11.69% | — | |
| $115.66 | $90.17B | 18.33 | 6.19% | 15.72% | 9.58% | — | |
| $41.68 | $42.65B | 15.21 | 5.34% | 10.99% | 9.61% | — | |
| $33.70 | $25.36B | 21.20 | 6.85% | 13.47% | 8.53% | — | |
| $105.12 | $38.74B | 18.64 | 10.89% | 12.53% | 8.9% | — |
National Grid plc (NGG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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National Grid plc (NGG) stock FAQ — growth, dividends, profitability & financials explained
National Grid plc (NGG) reported $35.68B in revenue for fiscal year 2026. This represents a 2348% increase from $1.46B in 1997.
National Grid plc (NGG) saw revenue decline by 2.2% over the past year.
Yes, National Grid plc (NGG) is profitable, generating $6.11B in net income for fiscal year 2026 (18.3% net margin).
Yes, National Grid plc (NGG) pays a dividend with a yield of 2.87%. This makes it attractive for income-focused investors.
National Grid plc (NGG) has a return on equity (ROE) of 8.5%. This is below average, suggesting room for improvement.
National Grid plc (NGG) had negative free cash flow of $9.61B in fiscal year 2026, likely due to heavy capital investments.
National Grid plc (NGG) has a dividend payout ratio of 50%. This suggests the dividend is well-covered and sustainable.
