National Grid plc
NGGUtilitiesNASDAQUtilities - Regulated Electric · Last scanned Jun 3, 2026
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Daily timeframeHeadquartered within the utilities sector, National Grid plc focuses on Utilities - Regulated Electric services and products. National Grid plc engages in the transmission and distribution of electricity and gas. Valued at $80.25B, NGG is a large-cap name in its sector. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments.
Market Cap
$80.25B
Beta
0.62
P/E (TTM)
20.01
P/E (Fwd)
12.35
EPS (TTM)
$4.03
EPS (Fwd)
$6.53
ROE
8.4%
ROA
3.0%
Cash
$2.83B
Total Debt
$47.77B
Free CF
-$3.24B
52W Change
13.5%
Annual Financials
Cash vs Debt
National Grid plc carries $47.77B in total debt against $2.83B in cash reserves — debt is roughly 16.9x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow is running at -$3.24B, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 8.4% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.0% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $18.45B (2022) to $18.38B (2025).
NGG's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing NGG.