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National Grid plc NG.L

GB · London Stock Exchange · XLON · stock · Utilities · website

National Grid plc financials (annual, from 10-K)

Revenue
2023202420252026
Net income
2023202420252026
Free cash flow
2023202420252026

Bars are annual figures from 2023 to 2026; red bars are negative (a loss or cash outflow).

MetricFY2026FY2025FY2024FY2023
Revenue$17.7B$18.4B$19.9B$21.7B
Gross profit$14.1B$14.2B$14.6B$13.0B
Operating income$5.7B$5.4B$4.7B$4.9B
Interest expense$1.6B$1.8B$1.7B$1.7B
Income tax$939.0M$821.0M$831.0M$876.0M
Net income$3.2B$2.9B$2.3B$7.8B
EPS (diluted)$0.66$0.61$0.57$1.95
Operating cash flow$7.8B$6.8B$6.9B$6.9B
Free cash flow-$2.7B-$2.5B-$514.0M$6.0M
Cash & equivalents$375.0M$1.2B$548.0M$126.0M
Inventory$559.0M$557.0M$828.0M$876.0M
Total assets$108.3B$106.7B$98.3B$92.7B
Total liabilities$69.0B$68.9B$68.4B$63.1B
Shareholders' equity$39.3B$37.8B$29.9B$29.5B

Growth · year-over-year · Revenue CAGR -6.5%

MetricFY2026FY2025FY2024FY2023
Revenue growth-3.8%-7.4%-8.4%
Net income growth+11.7%+26.7%-70.6%
EPS growth+6.7%+7.5%-70.7%
Free cash flow growth-8666.7%

Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.

Source: company filings via Yahoo Finance · GB · as of 2026-03-31. Figures in GBp; non-US fundamentals are aggregated by Yahoo (shorter history); facts plus Stocktoria's own computed scores — not investment advice.