NGG financial statements
The full income statement, balance sheet, and cash-flow statement for National Grid Transco PLC National Grid PLC (NEW) American Depositary Shares (NGG), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Income Statement | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Revenue | 23.7B+1.2% | 23.4B-6.0% | 24.9B-4.4% | 26.1B+3.5% | 25.2B+41.3% | |
| Research & development | 50.9M-7.1% | 54.8M+36.4% | 40.2M+45.2% | 27.7M+84.3% | 15.0M-4.1% | |
| Operating income | 7.28B+15.7% | 6.29B+11.9% | 5.62B-4.3% | 5.88B-1.6% | 5.97B+90.5% | |
| Interest expense | 2.29B-0.8% | 2.30B+7.1% | 2.15B+11.8% | 1.92B+31.4% | 1.46B+31.5% | |
| Pre-tax income | 5.61B+20.4% | 4.66B+21.5% | 3.83B-11.4% | 4.32B-8.0% | 4.70B+116.4% | |
| Income tax | 1.26B+20.2% | 1.05B+0.3% | 1.04B-1.0% | 1.06B-38.6% | 1.72B+265.7% | |
| 4.35B+17.3% | 3.71B+28.7% | 2.88B-69.3% | 9.39B+192.0% | 3.22B+50.1% | ||
| Net income to common | 4.34B+17.4% | 3.70B+28.6% | 2.88B-69.4% | 9.39B+192.1% | 3.22B+50.1% | |
| $4.37+11.6% | $3.92+9.1% | $3.59-69.6% | $11.82+166.1% | $4.44+46.9% | ||
| EPS (basic) | $4.39+11.8% | $3.93+8.9% | $3.61-69.6% | $11.87+165.7% | $4.47+46.9% | |
| Weighted-avg shares (basic) | 989M+5.1% | 941M+17.9% | 798M+0.9% | 791M+9.9% | 720M+2.2% | |
| Weighted-avg shares (diluted) | 994M+5.1% | 946M+18.0% | 802M+0.9% | 795M+9.9% | 723M+2.1% | |
| Dividends per share | $3.17-9.7% | $3.50-2.1% | $3.58+15.3% | $3.11-7.9% | $3.37+5.4% | |
| Balance Sheet | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| 9.91B-46.6% | 18.6B+41.6% | 13.1B+16.8% | 11.2B-52.3% | 23.5B+71.8% | ||
| Cash & equivalents | 496M-67.5% | 1.53B+116.2% | 706M+251.7% | 201M-24.9% | 267M+23.5% | |
| Accounts receivable | 5.12B-3.4% | 5.30B+22.9% | 4.31B-8.6% | 4.72B-3.0% | 4.86B+21.0% | |
| Inventory | 740M+2.6% | 721M-31.0% | 1.05B-3.1% | 1.08B+61.2% | 669M+10.6% | |
| 143B+3.7% | 138B+11.4% | 124B+8.8% | 114B-8.1% | 124B+34.1% | ||
| Property, plant & equipment | — | — | — | 79.3B+5.3% | 75.3B+16.2% | |
| Goodwill | 12.5B+1.0% | 12.3B+0.5% | 12.3B+1.3% | 12.1B-2.9% | 12.5B+97.5% | |
| Total non-current assets | 133B+11.5% | 120B+7.8% | 111B+7.9% | 103B+2.2% | 101B+27.6% | |
| 13.0B-5.7% | 13.8B-4.3% | 14.4B+27.9% | 11.2B-65.3% | 32.4B+151.3% | ||
| Short-term & current debt | 3.68B+55.4% | 2.37B-34.0% | 3.59B+77.8% | 2.02B-11.2% | 2.27B-17.0% | |
| 91.3B+2.2% | 89.3B+3.3% | 86.4B+11.1% | 77.7B-16.4% | 93.0B+42.5% | ||
| Long-term debt | 54.4B+4.0% | 52.2B+5.8% | 49.4B+8.8% | 45.4B+13.0% | 40.2B+20.5% | |
| 52.0B+6.2% | 49.0B+29.8% | 37.7B+3.7% | 36.4B+16.6% | 31.2B+14.2% | ||
| Total equity incl. non-controlling | 52.1B+6.3% | 49.0B+29.8% | 37.7B+3.7% | 36.4B+16.5% | 31.2B+14.2% | |
| Shares outstanding (cover) | 1.04B+1.3% | 1.03B+29.4% | 793M+0.9% | 786M+0.7% | 781M+2.3% | |
| Cash Flow | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Long-term debt issued | 5.59B+35.5% | 4.13B-40.9% | 6.99B-51.3% | 14.3B-15.0% | 16.9B+150.9% | |
| Long-term debt repaid | 3.97B+8.8% | 3.65B+70.7% | 2.14B-88.4% | 18.4B+966.7% | 1.72B-20.2% | |
| Common stock issued | 2.68M-58.0% | 6.38M+153.7% | 2.51M-58.3% | 6.02M-72.5% | 21.9M | |
| Dividends paid | 2.18B+11.6% | 1.95B-9.7% | 2.16B+11.5% | 1.94B+53.6% | 1.26B-31.7% | |
| Valuation Ratios | as ofMar 31 ’26 | as ofMar 31 ’25 | as ofMar 31 ’24 | as ofMar 31 ’23 | as ofMar 31 ’22 | |
| Market cap | 84.1B+35.5% | 62.1B+15.7% | 53.6B+0.3% | 53.4B-3.9% | 55.6B+32.5% | |
| P/E | 19.3×+15.5% | 16.7×+193.3% | 5.7×+0.3% | 5.7×-67.1% | 17.3×-11.7% | |
| P/S | 3.5×+34.0% | 2.6×+28.8% | 2.1×+0.3% | 2.0×-7.1% | 2.2×-6.2% | |
| P/B | 1.6×+27.6% | 1.3×-14.0% | 1.5×+0.3% | 1.5×-17.5% | 1.8×+16.1% | |
| Earnings yield | 5.2%-13.4% | 6.0%-65.9% | 17.5%-0.3% | 17.6%+203.7% | 5.8%+13.3% | |
| Dividend yield | 3.7%-30.0% | 5.3%+1.8% | 5.3%+14.9% | 4.6%+4.2% | 4.4%-18.7% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: NGG’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NGG filings on SEC EDGAR → Not investment advice.