National Grid PLC ADR (NGG) — Cash Flow Reinvestment Rate
National Grid PLC ADR (NGG) has a Cash Flow Reinvestment Rate of 1.57x as of September 2025, reinvesting $4.43 Billion (capex $4.43 Billion ) from operating cash flow of $2.82 Billion. Check earnings quality score of National Grid PLC ADR to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
National Grid PLC ADR Cash Flow Reinvestment Rate (1993–2025)
Historical reinvestment intensity for National Grid PLC ADR across 31 annual periods. Explore NGG long-term investments to assets to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for National Grid PLC ADR (1993–2025)
Year-by-year capital reinvestment analysis for National Grid PLC ADR. For live market cap and broader valuation context, see National Grid PLC ADR (NGG) market capitalisation.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 3.65x | $19.23 Billion | $5.27 Billion | $8.66 Billion | ▲ +42.8% |
| 2024 | 2.55x | $14.41 Billion | $5.64 Billion | $6.91 Billion | ▲ +168.4% |
| 2023 | 0.95x | $6.57 Billion | $6.90 Billion | $6.33 Billion | ▲ +4.5% |
| 2022 | 0.91x | $5.71 Billion | $6.27 Billion | $5.10 Billion | ▼ -14.6% |
| 2021 | 1.07x | $4.76 Billion | $4.46 Billion | $4.21 Billion | ▼ -34.2% |
| 2020 | 1.62x | $7.49 Billion | $4.62 Billion | $4.29 Billion | ▼ -13.9% |
| 2019 | 1.88x | $6.68 Billion | $3.55 Billion | $3.64 Billion | ▲ +15.4% |
| 2018 | 1.63x | $5.76 Billion | $3.53 Billion | $3.52 Billion | ▼ -0.4% |
| 2017 | 1.64x | $7.75 Billion | $4.74 Billion | $3.44 Billion | ▼ -80.6% |
| 2016 | 8.42x | $42.03 Billion | $4.99 Billion | $3.00 Billion | ▲ +452.3% |
| 2015 | 1.52x | $7.10 Billion | $4.66 Billion | $3.33 Billion | ▲ +2.8% |
| 2014 | 1.48x | $4.55 Billion | $3.07 Billion | $2.83 Billion | ▲ +38.7% |
| 2013 | 1.07x | $3.35 Billion | $3.13 Billion | $3.35 Billion | ▲ +19.8% |
| 2012 | 0.89x | $3.16 Billion | $3.55 Billion | $3.16 Billion | ▲ +18.4% |
| 2011 | 0.75x | $2.87 Billion | $3.81 Billion | $2.87 Billion | ▼ -11.0% |
| 2010 | 0.85x | $3.16 Billion | $3.73 Billion | $3.16 Billion | ▼ -33.6% |
| 2009 | 1.27x | $3.61 Billion | $2.83 Billion | $3.61 Billion | ▲ +11.2% |
| 2008 | 1.15x | $2.85 Billion | $2.49 Billion | $2.85 Billion | ▲ +23.8% |
| 2007 | 0.93x | $2.12 Billion | $2.29 Billion | $2.12 Billion | ▲ +26.7% |
| 2006 | 0.73x | $1.69 Billion | $2.32 Billion | $1.69 Billion | ▲ +30.5% |
| 2005 | 0.56x | $1.40 Billion | $2.51 Billion | $1.40 Billion | ▼ -43.2% |
| 2004 | 0.98x | $1.40 Billion | $1.42 Billion | $1.40 Billion | ▲ +18.3% |
| 2003 | 0.83x | $1.52 Billion | $1.82 Billion | $1.52 Billion | ▼ -12.6% |
| 2002 | 0.95x | $527.80 Million | $554.40 Million | $527.80 Million | ▼ -83.6% |
| 2001 | 5.80x | $483.40 Million | $83.40 Million | $483.40 Million | ▲ +205.3% |
| 2000 | 1.90x | $284.60 Million | $149.90 Million | $284.60 Million | ▼ -9.6% |
| 1999 | 2.10x | $317.80 Million | $151.30 Million | $317.80 Million | ▲ +412.0% |
| 1997 | 0.41x | $285.00 Million | $694.70 Million | $285.00 Million | ▼ -44.9% |
| 1995 | 0.74x | $377.30 Million | $506.50 Million | $377.30 Million | ▼ -1.4% |
| 1994 | 0.76x | $343.70 Million | $455.10 Million | $343.70 Million | ▼ -19.3% |
| 1993 | 0.94x | $382.30 Million | $408.40 Million | $382.30 Million | — |