National Grid annual free cash flow
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
National Grid Free Cash Flow (FCF) History (NGG)
National Grid reported −£1.97B in free cash flow for fiscal 2025, a decrease of £2.01B from the previous fiscal year, with a free cash flow margin of −10.73%.
View full National Grid company overviewNational Grid free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-03-31 | −£1.97B | −£2.01B | — | −10.73% |
| 2024 | 2024-03-31 | £35.0M | £17.0M | +94.44% | +0.18% |
| 2023 | 2023-03-31 | £18.0M | −£374.0M | −95.41% | +0.08% |
| 2022 | 2022-03-31 | £392.0M | £725.0M | — | +2.12% |
| 2021 | 2021-03-31 | −£333.0M | −£190.0M | — | −2.44% |
| 2020 | 2020-03-31 | −£143.0M | −£897.0M | — | −1.07% |
| 2019 | 2019-03-31 | £754.0M | −£218.0M | −22.43% | +5.05% |
| 2018 | 2018-03-31 | £972.0M | −£52.0M | −5.08% | +6.37% |
| 2017 | 2017-03-31 | £1.02B | −£413.0M | −28.74% | +6.81% |
| 2016 | 2016-03-31 | £1.44B | — | — | +10.88% |
National Grid quarterly free cash flow
No reported data
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|
National Grid free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from −£143.0M to −£1.97B, a net decrease of £1.83B.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review National Grid filings at SEC.gov ↗