NYSE · NGG
National Grid financials
$74.94−0.40%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY26 Mar 31 | FY25 Mar 31 | FY24 Mar 31 | FY23 Mar 31 | FY22 Mar 31 | FY21 Mar 31 | FY20 Mar 31 | FY19 Mar 31 | FY18 Mar 31 | FY17 Mar 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.42B | $23.74B | $25.08B | $26.74B | $24.25B | $18.84B | $16.58B | $20.34B | $21.37B | $18.86B |
| Gross profit | $23.42B | $23.74B | $25.08B | $26.74B | $24.25B | $18.84B | $16.58B | $20.34B | $21.37B | $18.86B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $6.54B | $6.37B | $5.64B | $6.02B | $5.75B | $3.31B | $2.83B | $3.91B | $4.90B | $4.02B |
| Net income | $4.29B | $3.75B | $2.89B | $9.62B | $3.09B | $2.26B | $1.57B | $2.06B | $4.98B | $9.78B |
| Net margin | 18.3% | 15.8% | 11.5% | 36.0% | 12.8% | 12.0% | 9.5% | 10.1% | 23.3% | 51.8% |
| Diluted EPS | $0.86 | $0.79 | $0.72 | $2.42 | $0.85 | $0.64 | $0.45 | $0.60 | $1.43 | $2.59 |
| EBITDA | $9.84B | $9.84B | $8.47B | $8.47B | $8.15B | $5.36B | $4.61B | $6.26B | $7.04B | $5.88B |
| Operating cash flow | $10.37B | $8.80B | $8.77B | $8.51B | $8.25B | $6.15B | $5.73B | $5.88B | $6.31B | $6.56B |
| Free cash flow | -$2.86B | -$2.55B | $44.2M | $707.3M | $1.54B | $347.4M | $405.7M | $930.5M | $1.07B | $2.42B |
| Diluted shares | 4,971.0M | 4,729.0M | 4,008.0M | 3,973.0M | 3,616.0M | 3,540.0M | 3,478.0M | 3,401.0M | 3,476.0M | 3,780.0M |
Balance sheet
| Period end | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $496.6M | $1.52B | $706.4M | $201.2M | $268.2M | $216.4M |
| Short-term investments | $3.25B | $7.43B | $4.67B | $3.22B | $4.13B | $3.23B |
| Total debt | $61.92B | $61.42B | $59.48B | $53.06B | $59.77B | $37.88B |
| Total assets | $143.40B | $137.91B | $124.25B | $114.43B | $124.71B | $92.65B |
| Total liabilities | $91.31B | $89.04B | $86.48B | $77.93B | $93.35B | $65.28B |
| Shareholders' equity | $52.09B | $48.87B | $37.77B | $36.49B | $31.36B | $27.38B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology