National Grid

Own the electricity & gas transmission system with day to day responsibility of balancing supply and demand.

Launch date

1990

Employees

Market cap

Enterprise valuation

€112.2b (Public information from Sep 2024)

Company register number 04031152

London England (HQ)

https://www.nationalgrid.com/

https://twitter.com/nationalgriduk https://www.facebook.com/nationalgrid https://www.linkedin.com/company/national-grid

View job openings

Corporate Venture Fund: National Grid Partners (NGP)

Revenues, earnings & profits over time

GBP	2021	2022	2023	2024	2025	2026	2027
Revenues	14.8b	18.3b	21.7b	19.9b	20.0b	20.5b	22.3b
% growth	2 %	24 %	19 %	(8 %)	1 %	3 %	9 %
EBITDA	4.7b	5.8b	6.6b	7.8b	7.5b	8.1b	9.2b
% EBITDA margin	32 %	32 %	31 %	39 %	37 %	39 %	41 %
Profit	1.6b	2.4b	7.8b	2.3b	3.4b	3.3b	3.7b
% profit margin	11 %	13 %	36 %	12 %	17 %	16 %	17 %
EV / revenue	4.0x	4.7x	3.8x	4.2x	4.5x	4.7x	4.6x
EV / EBITDA	12.6x	14.7x	12.3x	10.7x	12.1x	12.0x	11.2x
R&D budget	17.0m	-	-	-	-	-	-

Date	Investors	Amount	Round
Jan 1999	N/A	N/A	IPO
May 2017	N/A	N/A	IPO
May 2024*	N/A	£7.0b	Post IPO Equity
Total Funding		-

By Country

United States 6 United Kingdom 1

By Industry

Energy 4 Health 1 Enterprise Software 1 Real Estate 1

By Round

ACQUISITION 2 GRANT 2 LATE VC 1 GROWTH EQUITY NON VC 1 SERIES D 1 SERIES C 1

ACQUISITION by Uplight Dec 2023

Thermo Fisher Scientific

ACQUISITION by PHC Holdings (Fomerly Panasonic Healthcare Co. Ltd, Matsushita Kotobuki Electronics ) Jan 2019

Clean Line Energy Partners

ACQUISITION by National Grid Aug 2007

Western Power Distribution

ACQUISITION by National Grid Mar 2021