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National Grid owns and operates the electric transmission system in England and Wales. It sold the bulk of its UK gas transmission business in fiscal 2023 to fund the acquisition of PPL's UK power distribution assets. In the Northeastern United States, it serves electricity and gas customers combined in three states. It also owns regulated transmission and electricity generation in the United States, metering services, merchant transmission lines in the UK, and the Grain (UK) liquefied natural gas facility.
2000
31.6K+
LTM Revenue $25.3B
LTM EBITDA $10.2B
$122B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
National Grid has a last 12-month revenue (LTM) of $25.3B and a last 12-month EBITDA of $10.2B.
In the most recent fiscal year, National Grid achieved revenue of $24.7B and an EBITDA of $10.3B.
National Grid expects next 12-month revenue of XXX and NTM EBITDA of XXX
See National Grid valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $25.3B | XXX | $24.7B | XXX | XXX | XXX |
| Gross Profit | $25.3B | XXX | $19.1B | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 77% | XXX | XXX | XXX |
| EBITDA | $10.2B | XXX | $10.3B | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 42% | XXX | XXX | XXX |
| EBIT | $7.1B | XXX | $7.0B | XXX | XXX | XXX |
| EBIT Margin | 28% | XXX | 29% | XXX | XXX | XXX |
| Net Profit | $3.7B | XXX | $3.9B | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 16% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $61.1B | XXX | XXX | XXX |
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As of May 30, 2025, National Grid's stock price is GBP 10 (or $14).
National Grid has current market cap of GBP 50.5B (or $67.9B), and EV of GBP 91.1B (or $122B).
See National Grid trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $122B | $67.9B | XXX | XXX | XXX | XXX | $0.79 |
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Start Free TrialAs of May 30, 2025, National Grid has market cap of $67.9B and EV of $122B.
National Grid's trades at 4.9x EV/Revenue multiple, and 12.3x EV/EBITDA.
Equity research analysts estimate National Grid's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
National Grid has a P/E ratio of 18.2x.
See valuation multiples for National Grid and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $67.9B | XXX | $67.9B | XXX | XXX | XXX |
| EV (current) | $122B | XXX | $122B | XXX | XXX | XXX |
| EV/Revenue | 4.8x | XXX | 4.9x | XXX | XXX | XXX |
| EV/EBITDA | 12.0x | XXX | 12.3x | XXX | XXX | XXX |
| EV/EBIT | 17.2x | XXX | 17.2x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | 18.2x | XXX | 18.4x | XXX | XXX | XXX |
| EV/FCF | -65.8x | XXX | -45.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNational Grid's last 12 month revenue growth is 13%
National Grid's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.4M for the same period.
National Grid's rule of 40 is 53% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
National Grid's rule of X is 74% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for National Grid and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 40% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | 53% | XXX | 53% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 74% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 49% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| New Sources Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| APA Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysos Corp. | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
National Grid acquired XXX companies to date.
Last acquisition by National Grid was XXXXXXXX, XXXXX XXXXX XXXXXX . National Grid acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was National Grid founded? | National Grid was founded in 2000. |
| Where is National Grid headquartered? | National Grid is headquartered in United Kingdom of Great Britain and Northern Ireland. |
| How many employees does National Grid have? | As of today, National Grid has 31.6K+ employees. |
| Who is the CEO of National Grid? | National Grid's CEO is Mr. John Mark Pettigrew. |
| Is National Grid publicy listed? | Yes, National Grid is a public company listed on LON. |
| What is the stock symbol of National Grid? | National Grid trades under NG. ticker. |
| When did National Grid go public? | National Grid went public in 2002. |
| Who are competitors of National Grid? | Similar companies to National Grid include e.g. TAQA, New Sources Energy, AGL Energy, APA Group. |
| What is the current market cap of National Grid? | National Grid's current market cap is $67.9B |
| What is the current revenue of National Grid? | National Grid's last 12 months revenue is $25.3B. |
| What is the current revenue growth of National Grid? | National Grid revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of National Grid? | Current revenue multiple of National Grid is 4.8x. |
| Is National Grid profitable? | Yes, National Grid is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of National Grid? | National Grid's last 12 months EBITDA is $10.2B. |
| What is National Grid's EBITDA margin? | National Grid's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of National Grid? | Current EBITDA multiple of National Grid is 12.0x. |
| What is the current FCF of National Grid? | National Grid's last 12 months FCF is -$1.9B. |
| What is National Grid's FCF margin? | National Grid's last 12 months FCF margin is -7%. |
| What is the current EV/FCF multiple of National Grid? | Current FCF multiple of National Grid is -65.8x. |
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