National Grid PLC (NG) — Cash Flow Reinvestment Rate
National Grid PLC (NG) has a Cash Flow Reinvestment Rate of 1.57x as of September 2025, reinvesting GBX4.44 Billion (capex GBX4.44 Billion ) from operating cash flow of GBX2.82 Billion. Check NG cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
National Grid PLC Cash Flow Reinvestment Rate (1993–2025)
Historical reinvestment intensity for National Grid PLC across 31 annual periods. Explore National Grid PLC strategic investment ratio to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for National Grid PLC (1993–2025)
Year-by-year capital reinvestment analysis for National Grid PLC. For live market cap and broader valuation context, see NG company net worth.
| Year | Reinvestment Rate | Total Reinvested (GBX) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 2.84x | GBX19.35 Billion | GBX6.81 Billion | GBX8.78 Billion | ▲ +36.9% |
| 2024 | 2.08x | GBX14.40 Billion | GBX6.94 Billion | GBX6.90 Billion | ▲ +100.8% |
| 2023 | 1.03x | GBX7.13 Billion | GBX6.90 Billion | GBX6.89 Billion | ▲ +5.3% |
| 2022 | 0.98x | GBX6.16 Billion | GBX6.27 Billion | GBX5.54 Billion | ▼ -17.9% |
| 2021 | 1.20x | GBX5.34 Billion | GBX4.46 Billion | GBX4.79 Billion | ▲ +10.1% |
| 2020 | 1.09x | GBX5.02 Billion | GBX4.62 Billion | GBX4.90 Billion | ▲ +3.2% |
| 2019 | 1.05x | GBX4.55 Billion | GBX4.32 Billion | GBX3.94 Billion | ▼ -51.9% |
| 2018 | 2.19x | GBX9.87 Billion | GBX4.50 Billion | GBX3.91 Billion | ▲ +24.6% |
| 2017 | 1.76x | GBX9.20 Billion | GBX5.23 Billion | GBX3.52 Billion | ▲ +128.3% |
| 2016 | 0.77x | GBX4.13 Billion | GBX5.37 Billion | GBX3.63 Billion | ▼ -13.1% |
| 2015 | 0.89x | GBX4.44 Billion | GBX5.01 Billion | GBX3.28 Billion | ▼ -26.4% |
| 2014 | 1.20x | GBX4.84 Billion | GBX4.02 Billion | GBX3.12 Billion | ▲ +33.2% |
| 2013 | 0.90x | GBX3.39 Billion | GBX3.75 Billion | GBX3.39 Billion | ▲ +14.1% |
| 2012 | 0.79x | GBX3.35 Billion | GBX4.23 Billion | GBX3.35 Billion | ▲ +22.8% |
| 2011 | 0.65x | GBX3.13 Billion | GBX4.86 Billion | GBX3.13 Billion | ▼ -6.4% |
| 2010 | 0.69x | GBX3.11 Billion | GBX4.52 Billion | GBX3.11 Billion | ▼ -26.4% |
| 2009 | 0.94x | GBX3.19 Billion | GBX3.40 Billion | GBX3.19 Billion | ▲ +73.0% |
| 2008 | 0.54x | GBX2.88 Billion | GBX5.32 Billion | GBX2.88 Billion | ▼ -47.7% |
| 2007 | 1.03x | GBX2.22 Billion | GBX2.15 Billion | GBX2.22 Billion | ▲ +40.2% |
| 2006 | 0.74x | GBX1.67 Billion | GBX2.27 Billion | GBX1.67 Billion | ▲ +24.9% |
| 2005 | 0.59x | GBX1.51 Billion | GBX2.55 Billion | GBX1.51 Billion | ▼ -40.0% |
| 2004 | 0.98x | GBX1.40 Billion | GBX1.42 Billion | GBX1.40 Billion | ▲ +18.3% |
| 2003 | 0.83x | GBX1.52 Billion | GBX1.82 Billion | GBX1.52 Billion | ▼ -12.6% |
| 2002 | 0.95x | GBX527.80 Million | GBX554.40 Million | GBX527.80 Million | ▼ -83.6% |
| 2001 | 5.80x | GBX483.40 Million | GBX83.40 Million | GBX483.40 Million | ▲ +205.3% |
| 2000 | 1.90x | GBX284.60 Million | GBX149.90 Million | GBX284.60 Million | ▼ -9.6% |
| 1999 | 2.10x | GBX317.80 Million | GBX151.30 Million | GBX317.80 Million | ▲ +412.0% |
| 1997 | 0.41x | GBX285.00 Million | GBX694.70 Million | GBX285.00 Million | ▼ -44.9% |
| 1995 | 0.74x | GBX377.30 Million | GBX506.50 Million | GBX377.30 Million | ▼ -1.4% |
| 1994 | 0.76x | GBX343.70 Million | GBX455.10 Million | GBX343.70 Million | ▼ -19.3% |
| 1993 | 0.94x | GBX382.30 Million | GBX408.40 Million | GBX382.30 Million | — |