National Grid (NGG) Cost of Revenue (2015 - 2025)
National Grid (NGG) posted Cost of Revenue of $7.4 billion for Q3 2025, down 13.37% on a QoQ basis from $8.5 billion in Q3 2024, and down 13.37% year-over-year from $8.5 billion in Q3 2024.
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Analysis
National Grid (NGG) Cost of Revenue (2015 - 2025) Analysis & Trends
National Grid has reported Cost of Revenue for 6 years, with the latest figure at $7.4 billion in Q3 2025.
- On a quarterly basis, Cost of Revenue fell 13.37% year-over-year to $7.4 billion in Q3 2025; TTM through Sep 2025 was $43.2 billion, a 17.07% increase from a year earlier, with the FY2026 full-year figure at $16.9 billion, up 1.04% from the prior year.
- Cost of Revenue was $7.4 billion for Q3 2025 at National Grid, down from $8.5 billion in the prior quarter.
- The five-year high for Cost of Revenue was $19.2 billion in Q2 2024, with the low at $850.4 million in Q4 2022.
- Average Cost of Revenue over 4 years is $7.5 billion, with a median of $7.7 billion recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue soared 1651.35% in 2024, then declined 13.37% in 2025.
- Over 4 years, Cost of Revenue stood at $850.4 million in 2022, then soared by 851.2% to $8.1 billion in 2023, then rose by 5.55% to $8.5 billion in 2024, then fell by 13.37% to $7.4 billion in 2025.
- The last three Cost of Revenue figures came in at $7.4 billion (Q3 2025), $8.5 billion (Q3 2024), and $19.2 billion (Q2 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 306.41 Bn | 306.41 Bn | 890.00 Mn | 171.00 Mn |
| 2 | National Grid | 79.91 Bn | 76.14 Bn | - | - |
| 3 | Dominion Energy | 54.94 Bn | 58.84 Bn | 3.50 Bn | 984.00 Mn |
| 4 | Xcel Energy | 44.99 Bn | 42.98 Bn | 3.12 Bn | 2.00 Mn |
| 5 | Wec Energy | 33.53 Bn | 33.88 Bn | 1.45 Bn | 617.10 Mn |
| 6 | Ameren | 28.13 Bn | 28.25 Bn | - | - |
| 7 | Fortis | 27.32 Bn | 28.61 Bn | 1.60 Bn | 519.78 Mn |
| 8 | Firstenergy | 25.89 Bn | 27.19 Bn | 2.51 Bn | 1.17 Bn |
| 9 | Hydro One | 21.93 Bn | 21.54 Bn | - | - |
| 10 | Edison International | 21.17 Bn | 20.93 Bn | 3.29 Bn | 1.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 7.40 Bn |
| Sep 30, 2024 | 8.54 Bn |
| May 23, 2024 | 19.19 Bn |
| Sep 30, 2023 | 8.09 Bn |
| May 18, 2023 | 1.10 Bn |
| Dec 31, 2022 | 850.37 Mn |
| Mar 31, 2016 | 80.26 Mn |
| Dec 31, 2015 | 100.15 Mn |
API Access
National Grid Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NGG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NGG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NGG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();