National Grid plc
NGGUtilitiesNASDAQUtilities - Regulated Electric
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Daily timeframeNational Grid plc engages in the transmission and distribution of electricity and gas. At a $83.58B market cap, National Grid plc ranks as a large-cap company within utilities. It operates through UK Electricity Transmission, UK Electricity Distribution, New England, New York, National Grid Ventures, and Other segments.
Market Cap
$83.58B
Beta
0.60
P/E (TTM)
19.44
P/E (Fwd)
12.73
EPS (TTM)
$4.32
EPS (Fwd)
$6.60
ROE
8.4%
ROA
3.0%
Cash
$2.83B
Total Debt
$47.71B
Free CF
-$3.13B
52W Change
17.3%
Annual Financials
Cash vs Debt
National Grid plc carries $47.71B 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 -$3.13B, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at 8.4%, which is decent for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.0% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $21.66B (2023) to $17.69B (2026), a 18% decline worth watching.
With a beta below 0.7, National Grid plc typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing NGG's risk profile alongside its fundamentals and technical indicators provides a more complete picture.