National Grid (NGG) Operating Margin (2022 - 2023)
National Grid (NGG) posted Operating Margin of 30.71% for FY2026 (year ended Mar 31, 2026), up 3.86 percentage points from 26.85% in FY2025.
Powered by 
Analysis
National Grid (NGG) Operating Margin (2022 - 2023) Analysis & Trends
Since FY2009, National Grid has reported Operating Margin for 17 fiscal years.
- Annual Operating Margin has increased for three consecutive fiscal years, with a five-year change of +13.14 percentage points (FY2021 to FY2026).
- The FY2026 figure stands as the highest annual Operating Margin since FY2011.
- Business Quant data shows NGG's Operating Margin at 26.85% in FY2025 (+4.30 pp), 22.54% in FY2024 (+0.02 pp), 22.53% in FY2023 (-1.17 pp) and 23.69% in FY2022.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nextera Energy | 175.87 Bn | 162.61 Bn | - | 32.44% |
| 2 | Southern | 106.81 Bn | 97.86 Bn | 5.92 Bn | 25.46% |
| 3 | Duke Energy | 98.78 Bn | 95.04 Bn | 5.66 Bn | 26.99% |
| 4 | National Grid | 82.13 Bn | 54.43 Bn | - | - |
| 5 | American Electric Power | 70.46 Bn | 67.63 Bn | 3.84 Bn | 22.90% |
| 6 | Dominion Energy | 59.07 Bn | 57.06 Bn | - | 7.34% |
| 7 | Sempra | 55.87 Bn | 54.99 Bn | 2.89 Bn | 17.45% |
| 8 | Entergy | 50.05 Bn | 39.18 Bn | - | 24.13% |
| 9 | Xcel Energy | 49.61 Bn | 43.08 Bn | - | 28.55% |
| 10 | Exelon | 47.14 Bn | 42.45 Bn | - | 16.41% |
API Access
National Grid Operating 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=operating-margin&ticker=NGG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=NGG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();