National Grid PLC
LSE:NG
ROE
Return on Equity
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
ROE Across Competitors
| Country | Company | Market Cap | ROE | ||
|---|---|---|---|---|---|
| UK |
|
National Grid PLC
LSE:NG
|
52.4B GBP |
9%
|
|
| FR |
|
Engie SA
PAR:ENGI
|
48B EUR |
12%
|
|
| US |
S
|
Sempra
VSE:SREN
|
43.4B EUR |
10%
|
|
| US |
|
Sempra Energy
NYSE:SRE
|
49.7B USD |
10%
|
|
| US |
|
Dominion Energy Inc
NYSE:D
|
47.9B USD |
7%
|
|
| DE |
|
E.ON SE
XETRA:EOAN
|
40.8B EUR |
27%
|
|
| US |
|
Public Service Enterprise Group Inc
NYSE:PEG
|
41.6B USD |
11%
|
|
| US |
|
Consolidated Edison Inc
NYSE:ED
|
36.3B USD |
8%
|
|
| DE |
|
E ON SE
MIL:EOAN
|
31.3B EUR |
8%
|
|
| US |
|
WEC Energy Group Inc
NYSE:WEC
|
33.7B USD |
13%
|
|
| DE |
|
RWE AG
XETRA:RWE
|
26.6B EUR |
12%
|
National Grid PLC
Glance View
National Grid PLC is an energy giant that plays a pivotal role in powering economies and ensuring the smooth flow of electricity and gas across vast landscapes. At its core, National Grid operates as a transmission company, owning and managing extensive networks of electricity and gas that form the backbone of energy infrastructure in the UK and northeastern United States. The company is like a master conductor in the complex orchestra of energy vital for connecting power generators with homes and businesses. This seamless operation involves an intricate dance of technology and logistics to ensure that energy is not only delivered efficiently but also reliably, adhering to stringent regulations and leveraging state-of-the-art systems to monitor and respond to demands in real-time. National Grid primarily makes its money through regulated revenues, derived from the rates it charges utility companies for using its transmission networks. These rates are determined by regulatory bodies, offering the company a stable and predictable income stream. Moreover, while the foundations of its business are rooted in these regulated activities, National Grid has also been investing significantly in renewable energy projects and smart grid technologies. This diversification strategy aims to position the company at the forefront of the energy transition towards a more sustainable future. Through these endeavors, National Grid not only bolsters its own financial health but also plays a crucial role in supporting wider environmental goals and policies aimed at reducing carbon emissions.
See Also
ROE, or Return on Equity, is a key financial ratio that measures a company's profitability. Specifically, it measures how many dollars of profit are generated for each dollar of shareholder's equity. A higher ROE indicates better financial performance and effective use of capital, making it a valuable metric for investors assessing a company's earning potential.
Based on National Grid PLC's most recent financial statements, the company has ROE of 8.6%.
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