National Grid Past Earnings Performance
Past criteria checks 1/6
National Grid has been growing earnings at an average annual rate of 15%, while the Integrated Utilities industry saw earnings growing at 12.1% annually. Revenues have been growing at an average rate of 9.9% per year. National Grid's return on equity is 4.8%, and it has net margins of 8.9%.
Key information
15.0%
Earnings growth rate
12.0%
EPS growth rate
| Integrated Utilities Industry Growth | 8.1% |
| Revenue growth rate | 9.9% |
| Return on equity | 4.8% |
| Net Margin | 8.9% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How National Grid makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 19,322 | 1,724 | 68 | 0 |
| 30 Jun 24 | 19,586 | 1,970 | 74 | 0 |
| 31 Mar 24 | 19,850 | 2,216 | 79 | 0 |
| 31 Dec 23 | 20,277 | 2,387 | 224 | 0 |
| 30 Sep 23 | 20,704 | 2,558 | 266 | 0 |
| 30 Jun 23 | 21,182 | 2,636 | 201 | 0 |
| 31 Mar 23 | 21,659 | 2,714 | 135 | 0 |
| 31 Dec 22 | 21,306 | 2,870 | 131 | 0 |
| 30 Sep 22 | 20,952 | 3,026 | 127 | 0 |
| 30 Jun 22 | 19,701 | 2,604 | 147 | 0 |
| 31 Mar 22 | 18,449 | 2,182 | 167 | 0 |
| 31 Dec 21 | 16,496 | 1,685 | 223 | 0 |
| 30 Sep 21 | 14,542 | 1,187 | 279 | 0 |
| 30 Jun 21 | 14,104 | 1,245 | 328 | 0 |
| 31 Mar 21 | 13,665 | 1,303 | 376 | 0 |
| 31 Dec 20 | 12,810 | 1,096 | 368 | 0 |
| 30 Sep 20 | 14,315 | 1,377 | 337 | 0 |
| 30 Jun 20 | 14,428 | 1,325 | 297 | 0 |
| 31 Mar 20 | 13,360 | 1,029 | 268 | 0 |
| 31 Dec 19 | 14,708 | 1,366 | 259 | 0 |
| 30 Sep 19 | 14,875 | 1,458 | 260 | 0 |
| 30 Jun 19 | 14,904 | 1,479 | 232 | 0 |
| 31 Mar 19 | 14,933 | 1,499 | 203 | 0 |
| 31 Dec 18 | 14,923 | 2,425 | -659 | 0 |
| 30 Sep 18 | 14,913 | 3,350 | 1,680 | 0 |
| 30 Jun 18 | 15,082 | 3,449 | 1,691 | 0 |
| 31 Mar 18 | 15,250 | 3,548 | 101 | 0 |
| 31 Dec 17 | 15,345 | 2,577 | 1,680 | 0 |
| 30 Sep 17 | 15,439 | 1,606 | 1,657 | 0 |
| 30 Jun 17 | 15,237 | 1,709 | 1,665 | 0 |
| 31 Mar 17 | 15,035 | 1,811 | 1,673 | 0 |
| 30 Sep 16 | 12,638 | 1,685 | 1,429 | 0 |
| 30 Jun 16 | 12,925 | 1,793 | 1,432 | 0 |
| 31 Mar 16 | 13,212 | 1,899 | 1,434 | 0 |
| 31 Dec 15 | 15,403 | 2,375 | 1,588 | 0 |
| 30 Sep 15 | 15,691 | 2,158 | 1,561 | 0 |
| 30 Jun 15 | 15,446 | 2,089 | 1,559 | 0 |
| 31 Mar 15 | 13,357 | 1,503 | 1,365 | 0 |
| 31 Dec 14 | 14,827 | 2,081 | 1,370 | 0 |
| 30 Sep 14 | 14,452 | 2,142 | 1,453 | 0 |
| 30 Jun 14 | 14,631 | 2,309 | 1,465 | 0 |
| 31 Mar 14 | 14,809 | 2,476 | 1,341 | 0 |
| 31 Dec 13 | 14,905 | 2,446 | 1,523 | 0 |
Quality Earnings: NNGD has a large one-off loss of £1.0B impacting its last 12 months of financial results to 30th September, 2024.
Growing Profit Margin: NNGD's current net profit margins (8.9%) are lower than last year (12.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NNGD's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: NNGD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NNGD had negative earnings growth (-32.6%) over the past year, making it difficult to compare to the Integrated Utilities industry average (3.6%).
Return on Equity
High ROE: NNGD's Return on Equity (4.8%) is considered low.