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. See National Grid PLC ADR free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
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. For the full cash flow conversion analysis, see NGG cash flow metrics.
Annual Cash Flow Reinvestment Rate for National Grid PLC ADR (1993–2025)
Year-by-year capital reinvestment analysis for National Grid PLC ADR. See NGG free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
| 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 | — |