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. Explore National Grid PLC capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. Also explore NG total asset value for the complete picture of this company's asset base.
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 National Grid PLC market capitalisation.
| 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 | — |