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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
31.4K+
LTM Revenue $26.6B
LTM EBITDA $9.7B
$113B
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National Grid has a last 12-month revenue of $26.6B and a last 12-month EBITDA of $9.7B.
In the most recent fiscal year, National Grid achieved revenue of $25.6B and an EBITDA of $8.8B.
National Grid expects next 12-month revenue of XXX and NTM EBITDA of XXX
See National Grid valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $27.9B | $25.6B | XXX | XXX | XXX |
| Gross Profit | $15.9B | $16.8B | XXX | XXX | XXX |
| Gross Margin | 57% | 66% | XXX | XXX | XXX |
| EBITDA | $9.3B | $8.8B | XXX | XXX | XXX |
| EBITDA Margin | 33% | 34% | XXX | XXX | XXX |
| Net Profit | $3.0B | $10.0B | XXX | XXX | XXX |
| Net Margin | 11% | 39% | XXX | XXX | XXX |
| Net Debt | $57.6B | $54.3B | XXX | XXX | XXX |
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As of April 15, 2025, National Grid's stock price is GBP 10 (or $13).
National Grid has current market cap of GBP 49.6B (or $63.8B), and EV of GBP 87.5B (or $113B).
See National Grid trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $113B | $63.8B | XXX | XXX | XXX | XXX | $0.93 |
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Sign UpAs of April 15, 2025, National Grid has market cap of $63.8B and EV of $113B.
National Grid's trades at 4.2x LTM EV/Revenue multiple, and 11.6x LTM EBITDA.
Analysts estimate National Grid's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for National Grid and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $113B | XXX | XXX | XXX |
| EV/Revenue | 4.3x | XXX | XXX | XXX |
| EV/EBITDA | 11.9x | XXX | XXX | XXX |
| P/E | 15.7x | XXX | XXX | XXX |
| P/E/Growth | 1.2x | XXX | XXX | XXX |
| EV/FCF | -38.7x | XXX | XXX | XXX |
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Sign UpNational Grid's NTM/LTM revenue growth is 1%
National Grid's revenue per employee for the last fiscal year averaged $0.8M, while opex per employee averaged $0.4M for the same period.
Over next 12 months, National Grid's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate National Grid's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for National Grid and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -8% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -6% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 37% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.8M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.4M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 46% | XXX | 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 |
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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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Sign Up| 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 31.4K+ 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 $63.8B |
| What is the current revenue of National Grid? | National Grid's last 12-month revenue is $26.6B. |
| What is the current EBITDA of National Grid? | National Grid's last 12-month EBITDA is $9.7B. |
| What is the current EV/Revenue multiple of National Grid? | Current revenue multiple of National Grid is 4.2x. |
| What is the current EV/EBITDA multiple of National Grid? | Current EBITDA multiple of National Grid is 11.6x. |
| What is the current revenue growth of National Grid? | National Grid revenue growth between 2023 and 2024 was -8%. |
| Is National Grid profitable? | Yes, National Grid is EBITDA-positive (as of the last 12 months). |
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