ED vs. NGG: Consolidated Edison vs. National Grid Stock Comparison
How do Consolidated Edison (ED) and National Grid (NGG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Consolidated Edison (ED) and National Grid (NGG) are both classified in the Multi-Utilities sub-industry within the broader Multi-Utilities industry, placing them in the closest GICS peer bucket.
Consolidated Edison (ED) trades as ordinary local shares, while National Grid (NGG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | ED | NGG |
|---|---|---|
| Name | Consolidated Edison Inc. | National Grid plc Sponsored ADR |
| Country/Region | United States | United Kingdom |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Multi-Utilities | Multi-Utilities |
| GICS Sub-Industry | Multi-Utilities | Multi-Utilities |
| Market Capitalization | 44.00 billion USD | 83.60 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | January 2, 1962 | August 10, 2005 |
| Security Type | Common Stock | ADR |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | ED | NGG |
|---|---|---|
| Total Return (1Y) | 24.62% | 13.00% |
| Total Return (3Y, Annualized) | 13.82% | 19.82% |
| Total Return (5Y, Annualized) | 12.66% | 12.34% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | ED | NGG |
|---|---|---|
| Volatility (1Y, Annualized) | 17.94% | 22.32% |
| Beta (5Y) | 0.23 | 0.73 |
| Max Drawdown (5Y) | -22.03% | -39.20% |
| Avg. Volume (3M) | 2.21M | 911.70K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | ED | NGG |
|---|---|---|
| Sharpe Ratio (1Y) | 1.13 | 0.39 |
| Sortino Ratio (1Y) | 1.74 | 0.54 |
Profitability
ROE (TTM)
Both Consolidated Edison (ED) at 9.10% and National Grid (NGG) at 10.31% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
ED
Utilities industry group
9.10%
- Max
- 17.99%
- Q3
- 12.01%
- Median
- 9.44%
- ED
- 9.10%
- Q1
- 7.56%
- Min
- 2.17%
NGG
Utilities industry group
10.31%
- Max
- 17.99%
- Q3
- 12.01%
- NGG
- 10.31%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
Net Margin (TTM)
National Grid (NGG) at 21.15% retains a top-quartile share of revenue as profit, ahead of Consolidated Edison (ED) at 12.70%, which keeps about the industry-typical share.
ED
Utilities industry group
12.70%
- Max
- 28.78%
- Q3
- 17.30%
- Median
- 12.73%
- ED
- 12.70%
- Q1
- 9.18%
- Min
- -0.20%
NGG
Utilities industry group
21.15%
- Max
- 28.78%
- NGG
- 21.15%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
Both Consolidated Edison (ED) at 26.28% and National Grid (NGG) at 28.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
ED
Utilities industry group
26.28%
- Max
- 53.83%
- Q3
- 31.12%
- ED
- 26.28%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
NGG
Utilities industry group
28.64%
- Max
- 53.83%
- Q3
- 31.12%
- NGG
- 28.64%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | ED | NGG |
|---|---|---|
| ROE (TTM) | 9.10% | 10.31% |
| ROA (TTM) | 3.33% | 3.33% |
| Net Margin (TTM) | 12.70% | 21.15% |
| Operating Margin (TTM) | 26.28% | 28.64% |
| Gross Margin (TTM) | 53.72% | 100.00% |
Growth
Revenue Growth
Consolidated Edison (ED) at 10.89% is around its peer norm for revenue growth, while National Grid (NGG) at -3.76% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Only one side can be read here: Consolidated Edison (ED) reports EPS growth of 7.63%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.
Growth Metrics
| Metric | ED | NGG |
|---|---|---|
| Revenue Growth (YoY) | 10.89% | -3.76% |
| Revenue Growth (3Y CAGR) | 2.59% | -6.53% |
| EPS Growth (YoY) | 7.63% | -- |
| EPS Growth (3Y CAGR) | 6.57% | -30.59% |
Financial Strength
Current Ratio (MRQ)
Consolidated Edison (ED) at 1.18 carries current ratio above its industry’s typical mid-range, while National Grid (NGG) at 0.62 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.
ED
Utilities industry group
1.18
- Max
- 1.90
- ED
- 1.18
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- Min
- 0.29
NGG
Utilities industry group
0.62
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- NGG
- 0.62
- Min
- 0.29
Debt / Equity (MRQ)
Both Consolidated Edison (ED) at 1.06 and National Grid (NGG) at 1.32 fund their balance sheets with roughly industry-typical debt-to-equity mixes.
ED
Utilities industry group
1.06
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- ED
- 1.06
- Q1
- 0.84
- Min
- 0.00
NGG
Utilities industry group
1.32
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- NGG
- 1.32
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | ED | NGG |
|---|---|---|
| Current Ratio (MRQ) | 1.18 | 0.62 |
| Debt / Equity (MRQ) | 1.06 | 1.32 |
| Net Debt / EBITDA | 4.42 | 6.32 |
Dividends
Dividend Yield (TTM)
Consolidated Edison (ED) at 2.89% pays a yield in its industry’s typical range, while National Grid (NGG) at 0.57% falls in the bottom quartile of its peers.
ED
Utilities industry group
2.89%
- Max
- 6.66%
- Q3
- 3.58%
- ED
- 2.89%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
NGG
Utilities industry group
0.57%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- Q1
- 0.66%
- NGG
- 0.57%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Consolidated Edison (ED) at 56.38% pays out a band-typical share of earnings, while National Grid (NGG) at 71.97% distributes more than its industry norm — less retained, thinner cover.
ED
Utilities industry group
56.38%
- Max
- 113.04%
- Q3
- 68.72%
- ED
- 56.38%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
NGG
Utilities industry group
71.97%
- Max
- 113.04%
- NGG
- 71.97%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | ED | NGG |
|---|---|---|
| Dividend Yield (TTM) | 2.89% | 0.57% |
| Dividend Payout Ratio (TTM) | 56.38% | 71.97% |
Valuation
P/E Ratio (TTM)
Both Consolidated Edison (ED) at 19.03 and National Grid (NGG) at 15.54 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
ED
Utilities industry group
19.03
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- ED
- 19.03
- Q1
- 15.17
- Min
- 3.34
NGG
Utilities industry group
15.54
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- NGG
- 15.54
- Q1
- 15.17
- Min
- 3.34
P/S Ratio (TTM)
Consolidated Edison (ED) at 2.43 is priced about in line with its industry on P/S ratio, while National Grid (NGG) at 4.46 sits in the pricier quartile — NGG costs more per dollar of sales.
ED
Utilities industry group
2.43
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- ED
- 2.43
- Q1
- 1.52
- Min
- 0.00
NGG
Utilities industry group
4.46
- Max
- 6.35
- NGG
- 4.46
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
P/B Ratio (MRQ)
Consolidated Edison (ED) at 1.67 sits near its industry’s typical P/B ratio, while National Grid (NGG) at 9.36 prices above its benchmark range — NGG looks rich relative to book.
ED
Utilities industry group
1.67
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- ED
- 1.67
- Q1
- 1.46
- Min
- 0.34
NGG
Utilities industry group
9.36
- NGG
- 9.36
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | ED | NGG |
|---|---|---|
| P/E Ratio (TTM) | 19.03 | 15.54 |
| P/S Ratio (TTM) | 2.43 | 4.46 |
| P/B Ratio (MRQ) | 1.67 | 9.36 |
| Free Cash Flow Yield (TTM) | -3.05% | -5.94% |