National Historical Income Statement

NGG Stock

USD 68.33 0.72 1.06%

Historical analysis of National Grid income statement accounts such as Gross Profit of 16.2 B can show how well National Grid PLC performed in making a profits. Evaluating National Grid income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of National Grid's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining National Grid PLC latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether National Grid PLC is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Grid PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

About National Income Statement Analysis

National Grid PLC Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to National Grid shareholders. The income statement also shows National investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

National Grid Income Statement Chart

National Grid PLC Income Statement is one of the three primary financial statements used for reporting National's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of National Grid PLC revenue and expense. National Grid Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, National Grid's Other Operating Expenses is most likely to increase significantly in the upcoming years. The National Grid's current Research Development is estimated to increase to about 27.8 M, while Interest Expense is projected to decrease to roughly 1 B.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts National Grid PLC generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of National Grid PLC minus its cost of goods sold. It is profit before National Grid operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of National Grid PLC. It is also known as National Grid overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from National Grid PLC operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of National Grid PLC is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from National Grid's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into National Grid PLC current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Grid PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.

	2021	2022	2023	2024 (projected)
Interest Expense	1.2B	1.7B	1.9B	1.0B
Depreciation And Amortization	1.9B	1.5B	1.8B	991.2M

Interest Expense Depreciation And Amortization

National Grid income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Minority Interest	Selling General Administrative	Discontinued Operations	Net Income From Continuing Ops	Tax Provision	Extraordinary Items	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.48	0.6	0.52	0.63	0.83	0.74	0.22	0.87	0.36	0.42	-0.4	0.21	0.47	0.72	0.03	0.13	-0.11	-0.1	0.45	-0.09	-0.26	-0.06	0.41
Interest Expense	0.48		0.5	0.62	0.46	0.73	0.83	0.39	0.77	0.47	0.56	-0.08	0.35	0.37	0.27	-0.36	0.16	-0.13	-0.1	0.25	0.2	-0.11	-0.29	0.3
Total Revenue	0.6	0.5		0.95	1.0	0.67	0.61	0.81	0.65	0.89	0.91	0.05	0.85	0.77	0.79	-0.35	0.29	-0.12	-0.12	0.55	0.5	-0.56	-0.72	0.75
Gross Profit	0.52	0.62	0.95		0.93	0.71	0.69	0.77	0.67	0.83	0.93	0.04	0.79	0.69	0.57	-0.39	0.3	0.06	-0.03	0.46	0.59	-0.47	-0.68	0.62
Other Operating Expenses	0.63	0.46	1.0	0.93		0.67	0.6	0.8	0.65	0.88	0.89	0.01	0.83	0.76	0.8	-0.3	0.3	-0.1	-0.12	0.55	0.48	-0.57	-0.69	0.75
Operating Income	0.83	0.73	0.67	0.71	0.67		0.94	0.41	0.96	0.54	0.62	-0.34	0.37	0.47	0.59	-0.17	0.31	0.08	-0.04	0.41	0.24	-0.1	-0.27	0.42
Ebit	0.74	0.83	0.61	0.69	0.6	0.94		0.38	0.98	0.54	0.6	-0.32	0.34	0.44	0.46	-0.24	0.24	0.05	-0.06	0.35	0.23	-0.07	-0.24	0.34
Research Development	0.22	0.39	0.81	0.77	0.8	0.41	0.38		0.35	0.9	0.73	0.1	0.86	0.49	0.6	-0.29	0.34	-0.15	0.13	0.26	0.56	-0.35	-0.77	0.69
Ebitda	0.87	0.77	0.65	0.67	0.65	0.96	0.98	0.35		0.51	0.58	-0.36	0.32	0.48	0.57	-0.17	0.22	0.0	-0.08	0.4	0.14	-0.13	-0.2	0.38
Total Operating Expenses	0.36	0.47	0.89	0.83	0.88	0.54	0.54	0.9	0.51		0.86	0.12	0.92	0.68	0.72	-0.41	0.26	-0.15	-0.15	0.42	0.62	-0.44	-0.8	0.72
Income Before Tax	0.42	0.56	0.91	0.93	0.89	0.62	0.6	0.73	0.58	0.86		0.31	0.87	0.84	0.62	-0.59	0.25	-0.15	-0.05	0.65	0.54	-0.6	-0.77	0.7
Total Other Income Expense Net	-0.4	-0.08	0.05	0.04	0.01	-0.34	-0.32	0.1	-0.36	0.12	0.31		0.42	0.39	0.04	-0.58	-0.07	-0.37	0.03	0.52	0.21	-0.66	-0.51	0.42
Net Income	0.21	0.35	0.85	0.79	0.83	0.37	0.34	0.86	0.32	0.92	0.87	0.42		0.71	0.69	-0.53	0.21	-0.22	-0.13	0.54	0.68	-0.62	-0.93	0.83
Income Tax Expense	0.47	0.37	0.77	0.69	0.76	0.47	0.44	0.49	0.48	0.68	0.84	0.39	0.71		0.68	-0.5	0.28	-0.26	-0.14	0.86	0.31	-0.69	-0.65	0.69
Cost Of Revenue	0.72	0.27	0.79	0.57	0.8	0.59	0.46	0.6	0.57	0.72	0.62	0.04	0.69	0.68		-0.2	0.24	-0.37	-0.24	0.67	0.21	-0.55	-0.57	0.83
Minority Interest	0.03	-0.36	-0.35	-0.39	-0.3	-0.17	-0.24	-0.29	-0.17	-0.41	-0.59	-0.58	-0.53	-0.5	-0.2		0.38	0.25	0.0	-0.54	-0.36	0.47	0.57	-0.49
Selling General Administrative	0.13	0.16	0.29	0.3	0.3	0.31	0.24	0.34	0.22	0.26	0.25	-0.07	0.21	0.28	0.24	0.38		0.14	-0.08	0.23	0.21	0.06	-0.27	0.2
Discontinued Operations	-0.11	-0.13	-0.12	0.06	-0.1	0.08	0.05	-0.15	0.0	-0.15	-0.15	-0.37	-0.22	-0.26	-0.37	0.25	0.14		-0.01	-0.29	0.5	0.3	0.15	-0.27
Net Income From Continuing Ops	-0.1	-0.1	-0.12	-0.03	-0.12	-0.04	-0.06	0.13	-0.08	-0.15	-0.05	0.03	-0.13	-0.14	-0.24	0.0	-0.08	-0.01		-0.17	-0.19	0.13	0.1	-0.18
Tax Provision	0.45	0.25	0.55	0.46	0.55	0.41	0.35	0.26	0.4	0.42	0.65	0.52	0.54	0.86	0.67	-0.54	0.23	-0.29	-0.17		0.19	-0.73	-0.56	0.76
Extraordinary Items	-0.09	0.2	0.5	0.59	0.48	0.24	0.23	0.56	0.14	0.62	0.54	0.21	0.68	0.31	0.21	-0.36	0.21	0.5	-0.19	0.19		-0.27	-0.73	0.47
Interest Income	-0.26	-0.11	-0.56	-0.47	-0.57	-0.1	-0.07	-0.35	-0.13	-0.44	-0.6	-0.66	-0.62	-0.69	-0.55	0.47	0.06	0.3	0.13	-0.73	-0.27		0.59	-0.73
Net Interest Income	-0.06	-0.29	-0.72	-0.68	-0.69	-0.27	-0.24	-0.77	-0.2	-0.8	-0.77	-0.51	-0.93	-0.65	-0.57	0.57	-0.27	0.15	0.1	-0.56	-0.73	0.59		-0.78
Reconciled Depreciation	0.41	0.3	0.75	0.62	0.75	0.42	0.34	0.69	0.38	0.72	0.7	0.42	0.83	0.69	0.83	-0.49	0.2	-0.27	-0.18	0.76	0.47	-0.73	-0.78

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National Grid Account Relationship Matchups

National Grid income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.7B	1.6B	1.9B	1.5B	1.8B	991.2M
Interest Expense	1.1B	845M	1.2B	1.7B	1.9B	1.0B
Total Revenue	14.5B	13.7B	18.4B	21.7B	24.9B	26.2B
Gross Profit	8.6B	8.1B	11.4B	13.4B	15.4B	16.2B
Other Operating Expenses	11.3B	11.3B	14.6B	16.6B	19.0B	20.0B
Operating Income	3.2B	2.4B	3.8B	4.0B	4.7B	2.5B
Ebit	3.2B	2.4B	3.8B	4.0B	4.7B	2.7B
Ebitda	4.9B	3.9B	5.7B	5.6B	6.4B	3.7B
Total Operating Expenses	5.3B	5.7B	7.6B	16.6B	19.0B	20.0B
Income Before Tax	1.4B	1.6B	3.3B	3.6B	4.1B	4.3B
Total Other Income Expense Net	(1.6B)	(763M)	(489M)	(454M)	(408.6M)	(429.0M)
Net Income	1.3B	1.6B	2.4B	7.8B	9.0B	9.4B
Income Tax Expense	370M	360M	1.3B	876M	1.0B	1.1B
Cost Of Revenue	6.0B	5.6B	7.0B	8.2B	9.5B	6.3B
Net Income Applicable To Common Shares	1.3B	1.6B	2.4B	7.8B	9.0B	9.4B
Minority Interest	20M	22M	21M	(1M)	(1.2M)	(1.1M)
Selling General Administrative	1.8B	206M	1.9B	2.1B	2.5B	1.8B
Discontinued Operations	2M	12M	(9M)	171M	153.9M	146.2M
Net Income From Continuing Ops	1.3B	1.6B	2.2B	2.7B	2.4B	2.3B
Tax Provision	480M	442M	1.3B	876M	1.0B	645.8M
Extraordinary Items	(9M)	337M	171M	5.1B	4.6B	4.8B
Interest Income	936M	40M	43M	165M	148.5M	141.1M
Net Interest Income	(1.0B)	(944M)	(1.1B)	(1.5B)	(1.4B)	(1.4B)
Reconciled Depreciation	1.6B	1.7B	1.8B	2.0B	2.3B	1.9B

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When determining whether National Grid PLC is a strong investment it is important to analyze National Grid's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact National Grid's future performance. For an informed investment choice regarding National Stock, refer to the following important reports:

How To Invest In National

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Is National Stock a good investment?

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What is National Grid's Net Worth?

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Largest Multi-Utilities Companies

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Largest Utilities - Regulated Electric Companies

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Note that the National Grid PLC information on this page should be used as a complementary analysis to other National Grid's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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When running National Grid's price analysis, check to measure National Grid's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy National Grid is operating at the current time. Most of National Grid's value examination focuses on studying past and present price action to predict the probability of National Grid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move National Grid's price. Additionally, you may evaluate how the addition of National Grid to your portfolios can decrease your overall portfolio volatility.

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Is National Grid's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of National Grid. If investors know National will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about National Grid listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.11)

Dividend Share

0.57

Earnings Share

4.35

Revenue Per Share

4.694

Quarterly Revenue Growth

(0.10)

The market value of National Grid PLC is measured differently than its book value, which is the value of National that is recorded on the company's balance sheet. Investors also form their own opinion of National Grid's value that differs from its market value or its book value, called intrinsic value, which is National Grid's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because National Grid's market value can be influenced by many factors that don't directly affect National Grid's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between National Grid's value and its price as these two are different measures arrived at by different means. Investors typically determine if National Grid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, National Grid's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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National Historical Income Statement

About National Income Statement Analysis

National Grid Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

National Grid income statement Correlations

National Grid Account Relationship Matchups

High Positive Relationship

High Negative Relationship

National Grid income statement Accounts

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Other Operating Expenses	+ 1.0	Total Revenue
Ebitda	+ 0.98	Ebit
Ebitda	+ 0.96	Operating Income
Gross Profit	+ 0.95	Total Revenue
Ebit	+ 0.94	Operating Income
Other Operating Expenses	+ 0.93	Gross Profit

Net Interest Income	- 0.93	Net Income
Net Interest Income	- 0.8	Total Operating Expenses
Reconciled Depreciation	- 0.78	Net Interest Income
Net Interest Income	- 0.77	Income Before Tax
Net Interest Income	- 0.77	Research Development
Reconciled Depreciation	- 0.73	Interest Income