National Grid PLC Free Cash Flow Generation Index
National Grid PLC free cash flow generation index. National Grid PLC (NG) has a Free Cash Flow Generation Index of -0.63x as of March 2026. Free cash flow of GBX-2.13 Billion represents -1% of operating cash flow (GBX3.41 Billion). Check how resilient are National Grid PLC's assets to evaluate the company's liquid asset resilience ratio.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Free Cash Flow Generation Index of National Grid PLC (1993–2026)
Free cash flow generation index of National Grid PLC from 1993 to 2026. Historical FCF Generation Index trend for National Grid PLC across 32 annual periods. Explore NG capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
National Grid PLC Free Cash Flow Generation Index by Year (1993–2026)
National Grid PLC free cash flow generation index by year from 1993 to 2026. Year-by-year Free Cash Flow Generation Index for National Grid PLC. For the full cash flow conversion analysis, see National Grid PLC cash conversion from operations.
| Year | FCG Index | Free Cash Flow (GBX) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2026 | -0.60x | GBX-3.76 Billion | GBX6.23 Billion | GBX9.99 Billion | ▼ -64.2% |
| 2025 | -0.37x | GBX-2.50 Billion | GBX6.81 Billion | GBX8.78 Billion | ▼ -395.3% |
| 2024 | -0.07x | GBX-514.00 Million | GBX6.94 Billion | GBX6.90 Billion | ▼ -8616.0% |
| 2023 | 0.00x | GBX6.00 Million | GBX6.90 Billion | GBX6.89 Billion | ▼ -99.3% |
| 2022 | 0.12x | GBX728.00 Million | GBX6.27 Billion | GBX5.54 Billion | ▲ +258.3% |
| 2021 | -0.07x | GBX-327.00 Million | GBX4.46 Billion | GBX4.79 Billion | ▼ -20.0% |
| 2020 | -0.06x | GBX-282.00 Million | GBX4.62 Billion | GBX4.90 Billion | ▼ -169.9% |
| 2019 | 0.09x | GBX377.00 Million | GBX4.32 Billion | GBX3.94 Billion | ▼ -33.6% |
| 2018 | 0.13x | GBX592.00 Million | GBX4.50 Billion | GBX3.91 Billion | ▼ -59.8% |
| 2017 | 0.33x | GBX1.71 Billion | GBX5.23 Billion | GBX3.52 Billion | ▲ +0.9% |
| 2016 | 0.32x | GBX1.74 Billion | GBX5.37 Billion | GBX3.63 Billion | ▼ -5.9% |
| 2015 | 0.34x | GBX1.72 Billion | GBX5.01 Billion | GBX3.28 Billion | ▲ +54.4% |
| 2014 | 0.22x | GBX896.00 Million | GBX4.02 Billion | GBX3.12 Billion | ▲ +131.6% |
| 2013 | 0.10x | GBX361.00 Million | GBX3.75 Billion | GBX3.39 Billion | ▼ -53.6% |
| 2012 | 0.21x | GBX878.00 Million | GBX4.23 Billion | GBX3.35 Billion | ▼ -41.5% |
| 2011 | 0.35x | GBX1.72 Billion | GBX4.86 Billion | GBX3.13 Billion | ▲ +14.1% |
| 2010 | 0.31x | GBX1.41 Billion | GBX4.52 Billion | GBX3.11 Billion | ▲ +389.9% |
| 2009 | 0.06x | GBX216.00 Million | GBX3.40 Billion | GBX3.19 Billion | ▼ -86.2% |
| 2008 | 0.46x | GBX2.44 Billion | GBX5.32 Billion | GBX2.88 Billion | ▲ +1447.8% |
| 2007 | -0.03x | GBX-73.00 Million | GBX2.15 Billion | GBX2.22 Billion | ▼ -113.0% |
| 2006 | 0.26x | GBX595.00 Million | GBX2.27 Billion | GBX1.67 Billion | ▼ -35.9% |
| 2005 | 0.41x | GBX1.04 Billion | GBX2.55 Billion | GBX1.51 Billion | ▲ +2547.8% |
| 2004 | 0.02x | GBX22.00 Million | GBX1.42 Billion | GBX1.40 Billion | ▼ -90.8% |
| 2003 | 0.17x | GBX306.00 Million | GBX1.82 Billion | GBX1.52 Billion | ▲ +249.7% |
| 2002 | 0.05x | GBX26.60 Million | GBX554.40 Million | GBX527.80 Million | ▲ +101.0% |
| 2001 | -4.80x | GBX-400.00 Million | GBX83.40 Million | GBX483.40 Million | ▼ -433.7% |
| 2000 | -0.90x | GBX-134.70 Million | GBX149.90 Million | GBX284.60 Million | ▲ +18.3% |
| 1999 | -1.10x | GBX-166.50 Million | GBX151.30 Million | GBX317.80 Million | ▼ -286.6% |
| 1997 | 0.59x | GBX409.70 Million | GBX694.70 Million | GBX285.00 Million | ▲ +131.2% |
| 1995 | 0.26x | GBX129.20 Million | GBX506.50 Million | GBX377.30 Million | ▲ +4.2% |
| 1994 | 0.24x | GBX111.40 Million | GBX455.10 Million | GBX343.70 Million | ▲ +283.0% |
| 1993 | 0.06x | GBX26.10 Million | GBX408.40 Million | GBX382.30 Million | — |