National Grid EBITDA Margin Growth & History (NG.)
National Grid's ebitda margin was 43.87% for fiscal 2026.
View full National Grid company overviewNational Grid annual ebitda margin history
| Fiscal year | Period ended | EBITDA margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-03-31 | 43.87% | +4.79 pp |
| 2025 | 2025-03-31 | 39.07% | +5.93 pp |
| 2024 | 2024-03-31 | 33.15% | +1.13 pp |
| 2023 | 2023-03-31 | 32.02% | −2.11 pp |
| 2022 | 2022-03-31 | 34.13% | +4.33 pp |
| 2021 | 2021-03-31 | 29.81% | +0.47 pp |
| 2020 | 2020-03-31 | 29.33% | −0.42 pp |
| 2019 | 2019-03-31 | 29.75% | −3.18 pp |
| 2018 | 2018-03-31 | 32.94% | +1.75 pp |
| 2017 | 2017-03-31 | 31.19% | −3.15 pp |
| 2016 | 2016-03-31 | 34.33% | — |
National Grid ebitda margin trends
Over the last five fiscal years, National Grid's ebitda margin increased from 29.81% to 43.87%, a change of +14.06 percentage points.
What EBITDA margin means
EBITDA margin measures EBITDA as a percentage of revenue. It can help compare operating profitability over time, but it excludes capital intensity, financing costs, taxes, and other items and is generally unsuitable for financial companies.
How EBITDA margin is calculated
TickerStat calculates EBITDA margin as EBITDA divided by positive reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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National Grid wins planning consent for Sea Link, with construction expected in 2027
National Grid (London: NG.) received development consent for Sea Link on 30 October 2026, clearing a major planning step for its electricity connection between Suffolk and Kent. The project includes a 138 km high-voltage link, largely offsh ...