National Grid plc's revenue has shrunk 6.5% a year over three years, and grown 5.3% a year over five, with earnings per share falling 31% a year. Revenue growth, 3-year annual rate: −6.5% (Utilities - Regulated Electric median +7.6%). Revenue growth, 5-year rate: +5.3%, growth has slowed since the five-year average. Earnings per share, 3-year rate: −31%, earnings lagged revenue: the growth is costing something. Years of annual history on file: 11, FY2016 to FY2026, as filed.

NGGNational Grid plc

Utilities

$81.86+12% 1Y

$81.86

$71.6652 weeks$91.52

Latest close: below its 200-day averageOct 23, 2026what changed →

Is it growing?

Mixed

Neither accelerating nor breaking down: operating margin widening (+7.0 points), but revenue shrinking (−4% year on year).

1 good, 1 to watch, 1 neutral

Revenue trend−4% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: +5% a year.

Earnings trend+6% 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+7.0 points operating

Trailing-twelve-month operating margin, 30.7% now against 23.7% a year earlier.

All from SEC EDGAR, as of Mar 31, 2026.

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's revenue has shrunk 6.5% a year over three years, and grown 5.3% a year over five, with earnings per share falling 31% a year.

−6.5%

Revenue growth, 3-year annual rate · Utilities - Regulated Electric median +7.6% · shrinking · compounded from fiscal years as filed

Revenue growth, 5-year rate: +5.3%
Revenue growth, 5-year rate · −6.5% over three · growth has slowed since the five-year average
Earnings per share, 3-year rate: −31%
Earnings per share, 3-year rate · revenue −6.5% · earnings lagged revenue: the growth is costing something
Years of annual history on file: 11
Years of annual history on file · FY2016 to FY2026, as filed