National Grid (NGG) Net Margin (2009 - 2025)
National Grid (NGG) posted Net Margin of 8.73% for Q3 2025, up 7.46% on a QoQ basis from 8.13% in Q3 2024, and up 61.0% year-over-year from 5.42% in Q3 2024.
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Analysis
National Grid (NGG) Net Margin (2009 - 2025) Analysis & Trends
National Grid has reported Net Margin for 11 years, with the latest figure at 8.73% in Q3 2025.
- On a quarterly basis, Net Margin rose 61.0% year-over-year to 8.73% in Q3 2025; TTM through Sep 2025 was 21.58%, a 4258.0% decrease from a year earlier, with the FY2026 full-year figure at 18.32%, up 253.0% from the prior year.
- Net Margin was 8.73% for Q3 2025 at National Grid, up from 8.13% in the prior quarter.
- The five-year high for Net Margin was 486.1% in Q2 2023, with the low at 8.13% in Q3 2024.
- Average Net Margin over 4 years is 118.17%, with a median of 13.29% recorded in 2023.
- The sharpest annual moves came in 2024 and 2025: Net Margin plunged 516 bps in 2024, then jumped 61 bps in 2025.
- Over 4 years, Net Margin stood at 74.6% in 2022, then slumped by 82 bps to 13.29% in 2023, then plunged by 39 bps to 8.13% in 2024, then rose by 7 bps to 8.73% in 2025.
- The last three Net Margin figures came in at 8.73% (Q3 2025), 8.13% (Q3 2024), and 13.29% (Q3 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 306.41 Bn | 306.41 Bn | 890.00 Mn | 11.99% |
| 2 | National Grid | 79.91 Bn | 76.14 Bn | - | - |
| 3 | Dominion Energy | 54.94 Bn | 58.84 Bn | 3.50 Bn | 7.37% |
| 4 | Xcel Energy | 44.99 Bn | 42.98 Bn | 3.12 Bn | 18.79% |
| 5 | Wec Energy | 33.53 Bn | 33.88 Bn | 1.45 Bn | 14.51% |
| 6 | Ameren | 28.13 Bn | 28.25 Bn | - | 15.01% |
| 7 | Fortis | 27.32 Bn | 28.61 Bn | 1.60 Bn | 13.51% |
| 8 | American Water Works Company | 26.60 Bn | 26.40 Bn | 874.00 Mn | 23.25% |
| 9 | Atmos Energy | 26.60 Bn | 26.07 Bn | - | 27.61% |
| 10 | Firstenergy | 25.89 Bn | 27.19 Bn | 2.51 Bn | 9.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 8.73% |
| Sep 30, 2024 | 8.13% |
| Sep 30, 2023 | 13.29% |
| May 18, 2023 | 486.10% |
| Dec 31, 2022 | 74.60% |
| Sep 30, 2017 | 10.11% |
| Sep 30, 2016 | 7.00% |
| Mar 31, 2016 | 82.32% |
| Dec 31, 2015 | 64.81% |
| Sep 30, 2015 | 15.28% |
| Sep 30, 2014 | 22.18% |
| Sep 30, 2013 | 18.48% |
| Sep 30, 2012 | 16.10% |
| Sep 30, 2009 | 11.52% |
API Access
National Grid Net 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=net-margin&ticker=NGG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=NGG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();