37/100B84.310
USD
0.70
(0.84%)
Market Closed
Last updated: · Delayed 15 min
Fair value150.49Plus-44%113Price 84.31188
H2 FY2027 · Earnings report
EPS estimate 3.83Revenue estimate 14.91B
H2 FY2027 · Earnings report
EPS estimate 3.83Revenue estimate 14.91B
National Grid return on equity (ROE)What is return on equity (ROE)? Return on equity (ROE) is a year of net income divided by shareholders' equity: the profit a company makes on each dollar its owners have in it.
National Grid's return on equity is 10.00%: net income of 4.01B GBP over the last twelve months on shareholders' equity of 40.05B GBP.
- Today
- 10.00%
- Average, 5 years
- 8.38%
- Low, 5 years
- 4.74%
- High, 5 years
- 11.90%
ROE (return on equity) = net income (last 12 months) ÷ shareholders' equity = 4.01B ÷ 40.05B = 10.00%
ROE (return on equity)
Net income
Shareholders' equity
Each quarter's net income over its last four quarters, over the shareholders' equity at the quarter end.
What drives National Grid's return on equity?What is DuPont analysis? DuPont analysis splits return on equity into three parts: profit margin, asset turnover and the equity multiplier. It shows whether a high ROE comes from profits, from using assets well, or from debt.
Net margin
18.3%
profit on each dollar of sales
×
Asset turnover
0.16×
sales on each dollar of assets
×
Equity multiplier
2.76×
assets on each dollar of equity
=
Return on equity
8.2%
FY2026
- FY202618.3% × 0.16 × 2.76 = 8.2%
- FY202515.8% × 0.17 × 2.82 = 7.7%
- FY202411.5% × 0.20 × 3.29 = 7.7%
- FY202336.0% × 0.23 × 3.14 = 26.4%
- FY202212.8% × 0.19 × 3.98 = 9.9%
The DuPont breakdown, on each year-end's assets and equity, as the return on equity elsewhere on this page. A high equity multiplier means a small equity base: debt, or buybacks that return the equity to shareholders, lift the return on what is left.
ROE (return on equity) by year and by quarter
| Fiscal year | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| Today | 10.00% | 4.01B | 40.05B | |
| FY2026 | 31 Mar 2026 | 8.38% | 3.29B | 39.30B |
| FY2025 | 31 Mar 2025 | 7.37% | 2.79B | 37.80B |
| FY2024 | 31 Mar 2024 | 7.43% | 2.22B | 29.87B |
| FY2023 | 31 Mar 2023 | 8.94% | 2.64B | 29.54B |
| FY2022 | 31 Mar 2022 | 9.53% | 2.27B | 23.83B |
| FY2021 | 31 Mar 2021 | 6.21% | 1.23B | 19.84B |
| FY2020 | 31 Mar 2020 | 6.62% | 1.31B | 19.77B |
| FY2019 | 31 Mar 2019 | 7.68% | 1.50B | 19.55B |
| FY2018 | 31 Mar 2018 | 17.75% | 3.34B | 18.83B |
| FY2017 | 31 Mar 2017 | 9.28% | 1.89B | 20.37B |
| FY2016 | 31 Mar 2016 | 14.74% | 2.00B | 13.56B |
| FY2015 | 31 Mar 2015 | 18.29% | 2.19B | 11.96B |
| FY2014 | 31 Mar 2014 | 19.98% | 2.38B | 11.91B |
| FY2013 | 31 Mar 2013 | 21.91% | 2.24B | 10.23B |
| FY2012 | 31 Mar 2012 | 22.15% | 2.05B | 9.24B |
| FY2011 | 31 Mar 2011 | 23.12% | 2.09B | 9.06B |
| FY2010 | 31 Mar 2010 | 34.67% | 1.46B | 4.20B |
| FY2009 | 31 Mar 2009 | 26.88% | 1.07B | 3.97B |
| FY2008 | 31 Mar 2008 | 29.56% | 1.58B | 5.36B |
| FY2007 | 31 Mar 2007 | 30.77% | 1.27B | 4.13B |
| FY2006 | 31 Mar 2006 | 34.64% | 1.21B | 3.48B |
| FY2005 | 31 Mar 2005 | 52.22% | 1.10B | 2.11B |
| FY2004 | 31 Mar 2004 | 149.88% | 1.83B | 1.22B |
| FY2003 | 31 Mar 2003 | 139.93% | 1.61B | 1.15B |
| FY2002 | 31 Mar 2002 | 27.36% | 874.70M | 3.20B |
| FY2001 | 31 Mar 2001 | 21.27% | 739.40M | 3.48B |
| FY2000 | 31 Mar 2000 | 19.67% | 572.10M | 2.91B |
| FY1999 | 31 Mar 1999 | 29.84% | 582.60M | 1.95B |
| FY1998 | 31 Mar 1998 | 58.10% | 540.00M | 929.40M |
| FY1997 | 31 Mar 1997 | 47.66% | 661.90M | 1.39B |
| FY1996 | 31 Mar 1996 | 61.85% | 681.70M | 1.10B |
| FY1995 | 31 Mar 1995 | 34.39% | 678.30M | 1.97B |
| FY1994 | 31 Mar 1994 | 37.16% | 630.50M | 1.70B |
| FY1993 | 31 Mar 1993 | 42.21% | 592.80M | 1.40B |
| Quarter | Period ending | ROE (return on equity) | Net income | Shareholders' equity |
|---|---|---|---|---|
| H1 FY2027 | 30 Sept 2026 | 10.00% | 4.01B | 40.05B |
| H2 FY2026 | 31 Mar 2026 | 8.34% | 3.28B | 39.30B |
| H1 FY2026 | 30 Sept 2025 | 7.61% | 2.83B | 37.19B |
| H2 FY2025 | 31 Mar 2025 | 7.30% | 2.76B | 37.80B |
| H1 FY2025 | 30 Sept 2024 | 4.74% | 1.70B | 35.84B |
| H2 FY2024 | 31 Mar 2024 | 6.87% | 2.05B | 29.87B |
| H1 FY2024 | 30 Sept 2023 | 8.27% | 2.44B | 29.46B |
| H2 FY2023 | 31 Mar 2023 | 9.37% | 2.77B | 29.54B |
| H1 FY2023 | 30 Sept 2022 | 11.90% | 3.08B | 25.93B |
| H2 FY2022 | 31 Mar 2022 | 9.38% | 2.24B | 23.83B |
| H1 FY2022 | 30 Sept 2021 | 5.71% | 1.18B | 20.62B |
| H2 FY2021 | 31 Mar 2021 | 6.42% | 1.27B | 19.84B |
| H1 FY2021 | 30 Sept 2020 | 7.65% | 1.40B | 18.32B |
| H2 FY2020 | 31 Mar 2020 | 6.64% | 1.31B | 19.77B |
| H1 FY2020 | 30 Sept 2019 | 7.65% | 1.45B | 18.99B |
| H2 FY2019 | 31 Mar 2019 | 7.64% | 1.49B | 19.55B |
| H1 FY2019 | 30 Sept 2018 | 16.86% | 3.26B | 19.32B |
| H2 FY2018 | 31 Mar 2018 | 18.20% | 3.43B | 18.83B |
| H1 FY2018 | 30 Sept 2017 | 11.29% | 1.90B | 16.86B |
| H2 FY2017 | 31 Mar 2017 | 8.98% | 1.83B | 20.37B |
| H1 FY2017 | 30 Sept 2016 | 16.52% | 2.07B | 12.56B |
| H2 FY2016 | 31 Mar 2016 | 19.11% | 2.59B | 13.56B |
| H1 FY2016 | 30 Sept 2015 | 17.54% | 2.16B | 12.30B |
| H2 FY2015 | 31 Mar 2015 | 16.88% | 2.02B | 11.96B |
| H1 FY2015 | 30 Sept 2014 | 12.59% | 1.53B | 12.11B |
| H2 FY2014 | 31 Mar 2014 | 10.39% | 1.24B | 11.91B |
| H1 FY2014 | 30 Sept 2013 | 10.77% | 1.21B | 11.22B |
| H2 FY2013 | 31 Mar 2013 | 10.52% | 1.08B | 10.23B |
| H1 FY2013 | 30 Sept 2012 | — | — | 9.12B |
| H2 FY2012 | 31 Mar 2012 | — | — | 9.24B |
| H1 FY2012 | 30 Sept 2011 | — | — | 8.34B |
| H2 FY2011 | 31 Mar 2011 | — | — | 9.06B |
| H1 FY2011 | 30 Sept 2010 | — | — | 6.90B |
| H2 FY2010 | 31 Mar 2010 | — | — | 4.20B |
| H1 FY2010 | 30 Sept 2009 | — | — | 3.25B |
| H2 FY2009 | 31 Mar 2009 | — | — | 3.97B |
| H1 FY2009 | 30 Sept 2008 | — | — | 4.71B |
| H2 FY2008 | 31 Mar 2008 | 29.92% | 1.60B | 5.36B |
| H1 FY2008 | 30 Sept 2007 | 28.76% | 1.60B | 5.56B |
| H2 FY2007 | 31 Mar 2007 | 16.93% | 698.35M | 4.13B |
| H1 FY2007 | 30 Sept 2006 | 19.59% | 644.60M | 3.29B |
| H2 FY2006 | 31 Mar 2006 | 90.23% | 3.15B | 3.49B |
| H1 FY2006 | 30 Sept 2005 | — | — | 2.70B |
| H2 FY2005 | 31 Mar 2005 | — | — | 1.36B |
| H1 FY2005 | 30 Sept 2004 | — | — | 1.31B |
| H2 FY2004 | 31 Mar 2004 | — | — | 1.21B |
| H1 FY2004 | 30 Sept 2003 | — | — | 1.11B |
| H2 FY2003 | 31 Mar 2003 | — | — | 1.15B |
| H1 FY2003 | 30 Sept 2002 | — | — | 2.57B |
| H2 FY2002 | 31 Mar 2002 | — | — | 3.20B |
| H1 FY2002 | 30 Sept 2001 | — | — | 2.43B |
| H2 FY2001 | 31 Mar 2001 | — | — | 3.48B |
| H1 FY2001 | 30 Sept 2000 | — | — | 2.48B |
| H2 FY2000 | 31 Mar 2000 | — | — | 2.91B |
| H1 FY2000 | 30 Sept 1999 | — | — | 2.06B |
| H2 FY1999 | 31 Mar 1999 | — | — | 1.95B |
| H2 FY1998 | 31 Mar 1998 | — | — | 929.40M |
| H2 FY1997 | 31 Mar 1997 | — | — | 1.39B |
| H2 FY1996 | 31 Mar 1996 | — | — | 1.10B |
| H2 FY1995 | 31 Mar 1995 | — | — | 1.97B |
| H2 FY1994 | 31 Mar 1994 | — | — | 1.70B |
| H2 FY1993 | 31 Mar 1993 | — | — | 1.40B |
Figures in GBP. A quarter's revenue, net income and dividends are those of its last four quarters.
See also:P/E ratio,Market cap,P/S ratio,Dividend yield,Debt to equity,Current ratio,All ratios
Common questions about National Grid's ROE
Source: Financial Modeling Prep