National Grid plc has grown revenue −0.13% a year over three years and 6.6% a year over five, with earnings per share compounding at −1.9%. Revenue growth, 3-year annual rate: −0.13% (Utilities - Regulated Electric median +8.1%). Revenue growth, 5-year rate: +6.6%, growth has slowed since the five-year average. Earnings per share, 3-year rate: −1.9%, earnings lagged revenue: the growth is costing something. Years of annual history on file: 10, FY2016 to FY2025, as filed.

NGGNational Grid plc

Utilities

$76.49+14% 1Y

$76.49

$67.7552 weeks$91.52

Is it growing?

Mixed

Neither accelerating nor breaking down: operating margin widening (+9.3 points), but revenue shrinking (−7% year on year).

1 good, 1 to watch, 1 neutral

Revenue trend−7% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: +7% a year.

Earnings trend+8% in a year

Trailing-twelve-month earnings per share against a year earlier. Growing faster than revenue, so margins or the share count are helping.

Margin direction+9.3 points operating

Trailing-twelve-month operating margin, 26.8% now against 17.6% a year earlier.

All from SEC EDGAR, as of Mar 31, 2025.

Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.

Is NGG growing?

National Grid plc has grown revenue −0.13% a year over three years and 6.6% a year over five, with earnings per share compounding at −1.9%.

−0.13%

Revenue growth, 3-year annual rate · Utilities - Regulated Electric median +8.1% · shrinking · compounded from fiscal years as filed

Revenue growth, 5-year rate: +6.6%
Revenue growth, 5-year rate · −0.13% over three · growth has slowed since the five-year average
Earnings per share, 3-year rate: −1.9%
Earnings per share, 3-year rate · revenue −0.13% · earnings lagged revenue: the growth is costing something
Years of annual history on file: 10
Years of annual history on file · FY2016 to FY2025, as filed