National Grid plc (NGG) Earnings History
Annual and quarterly earnings data from 1993 to 2025
Loading earnings history...
NGG EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NGG Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 77.4% | 26.8% | 15.8% |
| 2024 | 73.4% | 22.5% | 11.5% |
| 2023 | 60.2% | 22.5% | 36.0% |
| 2022 | 66.9% | 23.7% | 12.8% |
| 2021 | 100.0% | 17.6% | 12.0% |
Download Data
Export NGG earnings history in CSV or JSON format
Free sign-in required to download data
National Grid plc (NGG) Earnings Overview
As of May 6, 2026, National Grid plc (NGG) reported trailing twelve-month net income of $4.68B, reflecting +7.3% year-over-year growth. The company earned $4.73 per diluted share over the past four quarters, with a net profit margin of 15.8%.
Looking at the long-term picture, NGG's 5-year EPS compound annual growth rate (CAGR) stands at +10.4%, showing solid earnings momentum. The company achieved its highest annual net income of $7.80B in fiscal 2023.
National Grid plc maintains industry-leading profitability with a gross margin of 77.4%, operating margin of 26.8%, and net margin of 15.8%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including SO ($4.36B net income, 14.7% margin), DUK ($5.14B net income, 15.4% margin), EXC ($2.82B net income, 11.4% margin), NGG has outperformed on profitability metrics. Compare NGG vs SO →
NGG Earnings vs Peers
Earnings metrics vs comparable public companies
NGG Historical Earnings Data (1993–2025)
33 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.90B | +26.7% | $4.93B | $2.95 | 15.8% | 26.8% |
| 2024 | $2.29B | -70.6% | $4.47B | $2.75 | 11.5% | 22.5% |
| 2023 | $7.80B | +231.4% | $4.88B | $10.60 | 36.0% | 22.5% |
| 2022 | $2.35B | +43.5% | $4.37B | $3.25 | 12.8% | 23.7% |
| 2021 | $1.64B | +29.7% | $2.40B | $2.30 | 12.0% | 17.6% |
| 2020 | $1.26B | -16.3% | $2.28B | $1.80 | 9.5% | 17.1% |
| 2019 | $1.51B | -57.4% | $3.56B | $2.22 | 10.1% | 23.8% |
| 2018 | $3.55B | +96.0% | $3.55B | $5.11 | 23.3% | 23.3% |
| 2017 | $1.81B | -4.6% | $3.74B | $11.25 | 12.0% | 24.9% |
| 2016 | $1.90B | +26.3% | $3.12B | $3.75 | 14.4% | 23.6% |
Full NGG Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See NGG's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs NGG Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare NGG vs GEV
Side-by-side business, growth, and profitability comparison vs GE Vernova Inc..
Start ComparisonNGG — Frequently Asked Questions
Quick answers to the most common questions about buying NGG stock.
Is NGG growing earnings?
NGG EPS stands at $4.73, with +7.3% growth matching the 5-year CAGR of +10.4%. TTM net income is $4.7B. Earnings trajectory remains consistent.
What are NGG's profit margins?
National Grid plc net margin is +15.8%, with operating margin at +26.8%. Above-average margins indicate pricing power.
How consistent are NGG's earnings?
NGG earnings data spans 1993-2025. The current earnings trend is +7.3% YoY. Historical data enables comparison across business cycles.