National Grid (NGG) Gross Margin (2009 - 2024)
National Grid (NGG) posted quarterly Gross Margin of 17.46% for Q3 2024, down 685.0% year-over-year from 2.98% in Q4 2023, and down 25.34% quarter-over-quarter from 23.39% in Q2 2024.
National Grid (NGG) Gross Margin (2009 - 2024) Analysis & Trends
National Grid's Gross Margin history runs 8 years deep, the most recent figure standing at 17.46% for Q3 2024.
- In Q3 2024, Gross Margin fell 685.0% year-over-year to 17.46%; the TTM figure through Sep 2024 stood at 27.09% (up 484.0% YoY), while the FY2025 annual figure was 27.02%, up 363.0% from the prior year.
- Gross Margin for Q3 2024 stood at 17.46%, down from 23.39% in the prior quarter.
- The five-year high for Gross Margin was 46.77% in Q4 2022, with the low at 17.46% in Q3 2024.
- The 3-year median for Gross Margin is 23.39% (2024), against an average of 26.18%.
- Peak annual rise in Gross Margin reached 441 bps in 2024, while the deepest fall reached 685 bps in 2024.
- National Grid's Gross Margin stood at 46.77% in 2022, then plunged by 48 bps to 24.31% in 2023, then decreased by 28 bps to 17.46% in 2024.
- Business Quant data shows NGG's Gross Margin at 17.46% in Q3 2024, 23.39% in Q2 2024, and 24.31% in Q3 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.61 Bn | 75.80 Bn | - | - |
| 2 | Dominion Energy | 59.05 Bn | 58.26 Bn | 3.50 Bn | 78.04% |
| 3 | Xcel Energy | 48.38 Bn | 46.37 Bn | 3.12 Bn | 99.94% |
| 4 | Wec Energy | 35.12 Bn | 35.07 Bn | 1.45 Bn | 70.07% |
| 5 | Ameren | 29.82 Bn | 29.81 Bn | - | - |
| 6 | Fortis | 28.39 Bn | 28.39 Bn | 1.60 Bn | 75.47% |
| 7 | Edison International | 27.89 Bn | 27.64 Bn | 3.29 Bn | 75.42% |
| 8 | Firstenergy | 26.86 Bn | 26.67 Bn | 2.51 Bn | 68.33% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.49 Bn | 21.25 Bn | 3.65 Bn | 80.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 17.46% |
| May 23, 2024 | 23.39% |
| Sep 30, 2023 | 24.31% |
| May 18, 2023 | 18.98% |
| Dec 31, 2022 | 46.77% |
| Sep 30, 2016 | 24.85% |
| Sep 30, 2015 | 26.98% |
| Sep 30, 2014 | 39.09% |
| Sep 30, 2011 | 23.66% |
| Sep 30, 2009 | 23.01% |