National Grid (NGG) Tax Rate (2009 - 2024)
National Grid (NGG) posted quarterly Tax Rate of 16.37% for Q3 2024, up 602.0% year-over-year from 2.33% in Q4 2023, and up 31.97% quarter-over-quarter from 24.07% in Q2 2024.
National Grid (NGG) Tax Rate (2009 - 2024) Analysis & Trends
National Grid's Tax Rate history runs 9 years deep, the most recent figure standing at 16.37% for Q3 2024.
- In Q3 2024, Tax Rate rose 602.0% year-over-year to 16.37%; the TTM figure through Sep 2024 stood at 23.4% (down 1204.0% YoY), while the FY2025 annual figure was 23.59%, up 48.0% from the prior year.
- Tax Rate for Q3 2024 stood at 16.37%, up from 24.07% in the prior quarter.
- The five-year high for Tax Rate was 16.37% in Q3 2024, with the low at 54.13% in Q4 2022.
- The 3-year median for Tax Rate is 24.07% (2024), against an average of 28.27%.
- Peak annual rise in Tax Rate reached 602 bps in 2024, while the deepest fall reached 33 bps in 2024.
- National Grid's Tax Rate stood at 54.13% in 2022, then surged by 59 bps to 22.39% in 2023, then advanced by 27 bps to 16.37% in 2024.
- Business Quant data shows NGG's Tax Rate at 16.37% in Q3 2024, 24.07% in Q2 2024, and 22.39% in Q3 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 78.91 Bn | 75.10 Bn | - | - |
| 2 | Dominion Energy | 58.65 Bn | 57.86 Bn | 3.50 Bn | 16.49% |
| 3 | Xcel Energy | 47.76 Bn | 45.75 Bn | 3.12 Bn | -11.41% |
| 4 | Wec Energy | 34.66 Bn | 34.61 Bn | 1.45 Bn | 8.23% |
| 5 | Ameren | 29.39 Bn | 29.38 Bn | - | 14.13% |
| 6 | Fortis | 28.02 Bn | 28.02 Bn | 1.60 Bn | 14.18% |
| 7 | Edison International | 27.49 Bn | 27.25 Bn | 3.29 Bn | 16.89% |
| 8 | Firstenergy | 26.59 Bn | 26.40 Bn | 2.51 Bn | 20.72% |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | 15.58% |
| 10 | Cms Energy | 21.23 Bn | 20.99 Bn | 3.65 Bn | 24.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -16.37% |
| Sep 30, 2024 | -16.37% |
| Sep 30, 2024 | -16.37% |
| May 23, 2024 | -24.07% |
| May 23, 2024 | -24.07% |
| May 23, 2024 | -24.07% |
| Sep 30, 2023 | -22.39% |
| Sep 30, 2023 | -22.39% |
| Sep 30, 2023 | -22.39% |
| May 18, 2023 | -24.40% |
| May 18, 2023 | -24.40% |
| May 18, 2023 | -24.40% |
| Dec 31, 2022 | -54.13% |
| Dec 31, 2022 | -54.13% |
| Dec 31, 2022 | -54.13% |
| Mar 31, 2017 | 49.81% |
| Mar 31, 2017 | 49.81% |
| Mar 31, 2017 | 49.81% |
| Sep 30, 2016 | 2.12% |
| Sep 30, 2016 | 2.12% |