National Grid (NGG) FCF Margin (2009 - 2025)
National Grid (NGG) posted FCF Margin of 114.23% for Q3 2025, up 37.84% on a QoQ basis from 82.87% in Q3 2024, and up 3136.0% year-over-year from 3.53% in Q3 2024.
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Analysis
National Grid (NGG) FCF Margin (2009 - 2025) Analysis & Trends
National Grid has reported FCF Margin for 10 years, with the latest figure at 114.23% in Q3 2025.
- On a quarterly basis, FCF Margin rose 3136.0% year-over-year to 114.23% in Q3 2025; TTM through Sep 2025 was 98.54%, a 589.0% decrease from a year earlier, with the FY2026 full-year figure at 100.74%, up 1592.0% from the prior year.
- FCF Margin was 114.23% for Q3 2025 at National Grid, up from 82.87% in the prior quarter.
- The five-year high for FCF Margin was 114.23% in Q3 2025, with the low at 71.52% in Q3 2023.
- Average FCF Margin over 3 years is 89.54%, with a median of 82.87% recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: FCF Margin soared 1135 bps in 2024, then soared 3136 bps in 2025.
- Over 3 years, FCF Margin stood at 71.52% in 2023, then climbed by 16 bps to 82.87% in 2024, then surged by 38 bps to 114.23% in 2025.
- The last three FCF Margin figures came in at 114.23% (Q3 2025), 82.87% (Q3 2024), and 71.52% (Q3 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 306.41 Bn | 306.41 Bn | 890.00 Mn | - |
| 2 | National Grid | 79.91 Bn | 76.14 Bn | - | - |
| 3 | Dominion Energy | 54.94 Bn | 58.84 Bn | 3.50 Bn | 33.21% |
| 4 | Xcel Energy | 44.99 Bn | 42.98 Bn | 3.12 Bn | -59.25% |
| 5 | Wec Energy | 33.53 Bn | 33.88 Bn | 1.45 Bn | -13.08% |
| 6 | Ameren | 28.13 Bn | 28.25 Bn | - | -14.77% |
| 7 | Fortis | 27.32 Bn | 28.61 Bn | 1.60 Bn | 93.14% |
| 8 | American Water Works Company | 26.60 Bn | 26.40 Bn | 874.00 Mn | -19.04% |
| 9 | Atmos Energy | 26.60 Bn | 26.07 Bn | - | -45.44% |
| 10 | Firstenergy | 25.89 Bn | 27.19 Bn | 2.51 Bn | -9.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 114.23% |
| Sep 30, 2024 | 82.87% |
| Sep 30, 2023 | 71.52% |
| Sep 30, 2017 | 57.39% |
| Sep 30, 2016 | 45.61% |
| Sep 30, 2015 | 62.31% |
| Sep 30, 2014 | 72.68% |
| Sep 30, 2013 | 47.23% |
| Sep 30, 2012 | 54.98% |
| Sep 30, 2009 | 50.03% |
API Access
National Grid FCF Margin 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=fcf-margin&ticker=NGG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=NGG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();