ES vs. NGG: Eversource Energy vs. National Grid Stock Comparison

November 11, 2026

How do Eversource Energy (ES) 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

Eversource Energy (ES) and National Grid (NGG) both fall under the Utilities industry group, but ES is classified in Electric Utilities while NGG is classified in Multi-Utilities.

Eversource Energy (ES) 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.

Company profile comparison for Eversource Energy (ES) and National Grid (NGG)
Profile Item	ES	NGG
Name	Eversource Energy	National Grid plc Sponsored ADR
Country/Region	United States	United Kingdom
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Electric Utilities	Multi-Utilities
GICS Sub-Industry	Electric Utilities	Multi-Utilities
Market Capitalization	26.31 billion USD	83.60 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	August 10, 2005
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

NGG

GSPC

Eversource Energy (ES) vs. National Grid (NGG), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Eversource Energy (ES) and National Grid (NGG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Eversource Energy (ES) and National Grid (NGG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Eversource Energy (ES) and National Grid (NGG)
Metric	ES	NGG
Total Return (1Y)	0.35%	13.00%
Total Return (3Y, Annualized)	14.06%	19.82%
Total Return (5Y, Annualized)	0.61%	12.34%

Risk Profile

Drawdown History

NGG

GSPC

Eversource Energy (ES) vs. National Grid (NGG), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Eversource Energy (ES) and National Grid (NGG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Eversource Energy (ES) and National Grid (NGG)
Metric	ES	NGG
Volatility (1Y, Annualized)	24.60%	22.32%
Beta (5Y)	0.65	0.73
Max Drawdown (5Y)	-41.69%	-39.20%
Avg. Volume (3M)	2.53M	911.70K

Risk-Adjusted Performance

Risk-Return Positioning

ES and NGG are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Eversource Energy (ES) and National Grid (NGG)
Metric	ES	NGG
Sharpe Ratio (1Y)	-0.16	0.39
Sortino Ratio (1Y)	-0.20	0.54

Profitability

ROE (TTM)

Capital efficiency shows on one side only: National Grid (NGG) earns 10.31% on shareholders’ equity, ranked against its industry; Eversource Energy (ES) has no ROE this period.

ES

Utilities industry group

Max: 17.99%
Q3: 12.01%
Median: 9.44%
Q1: 7.56%
Min: 2.17%
ES: --

NGG

Utilities industry group

10.31%

Max: 17.99%
Q3: 12.01%
NGG: 10.31%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

Eversource Energy (ES) vs. National Grid (NGG): ES does not report ROE, so it has no value marker; NGG is benchmarked against the Utilities industry group.

Net Margin (TTM)

National Grid (NGG) at 21.15% retains a top-quartile share of revenue as profit, ahead of Eversource Energy (ES) at 10.38%, which keeps about the industry-typical share.

ES

Utilities industry group

10.38%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
ES: 10.38%
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%

Eversource Energy (ES) vs. National Grid (NGG): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both Eversource Energy (ES) at 21.14% and National Grid (NGG) at 28.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ES

Utilities industry group

21.14%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
ES: 21.14%
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%

Eversource Energy (ES) vs. National Grid (NGG): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for Eversource Energy (ES) and National Grid (NGG)
Metric	ES	NGG
ROE (TTM)	--	10.31%
ROA (TTM)	--	3.33%
Net Margin (TTM)	10.38%	21.15%
Operating Margin (TTM)	21.14%	28.64%
Gross Margin (TTM)	51.63%	100.00%

Growth

Revenue Growth

Eversource Energy (ES) at 13.83% sits in the top revenue growth quartile, while National Grid (NGG) at -3.76% is in the bottom quartile, showing a clear gap in revenue momentum.

Eversource Energy (ES) vs. National Grid (NGG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Eversource Energy (ES) reports EPS growth of 100.88%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

Eversource Energy (ES) vs. National Grid (NGG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Eversource Energy (ES) and National Grid (NGG)
Metric	ES	NGG
Revenue Growth (YoY)	13.83%	-3.76%
Revenue Growth (3Y CAGR)	3.30%	-6.53%
EPS Growth (YoY)	100.88%	--
EPS Growth (3Y CAGR)	4.03%	-30.59%

Financial Strength

Current Ratio (MRQ)

Short-term liquidity can only be read on one side of this pairing: National Grid (NGG) shows current ratio of 0.62 against its industry benchmark, while Eversource Energy (ES) has no reading this period.

ES

Utilities industry group

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
Min: 0.29
ES: --

NGG

Utilities industry group

0.62

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
NGG: 0.62
Min: 0.29

Eversource Energy (ES) vs. National Grid (NGG): ES does not report current ratio, so it has no value marker; NGG is benchmarked against the Utilities industry group.

Debt / Equity (MRQ)

National Grid (NGG) at 1.32 carries an industry-typical debt-to-equity mix, while Eversource Energy (ES) at 1.81 uses more debt funding than most peers.

ES

Utilities industry group

1.81

Max: 2.63
ES: 1.81
Q3: 1.77
Median: 1.35
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

Eversource Energy (ES) vs. National Grid (NGG): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Eversource Energy (ES) and National Grid (NGG)
Metric	ES	NGG
Current Ratio (MRQ)	--	0.62
Debt / Equity (MRQ)	1.81	1.32
Net Debt / EBITDA	5.73	6.32

Dividends

Dividend Yield (TTM)

Eversource Energy (ES) at 4.33% offers top-quartile income, while National Grid (NGG) at 0.57% sits in the bottom quartile — a wide gap in cash returned to shareholders.

ES

Utilities industry group

4.33%

Max: 6.66%
ES: 4.33%
Q3: 3.58%
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%

Eversource Energy (ES) vs. National Grid (NGG): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Both Eversource Energy (ES) at 82.19% and National Grid (NGG) at 71.97% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

ES

Utilities industry group

82.19%

Max: 113.04%
ES: 82.19%
Q3: 68.72%
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%

Eversource Energy (ES) vs. National Grid (NGG): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for Eversource Energy (ES) and National Grid (NGG)
Metric	ES	NGG
Dividend Yield (TTM)	4.33%	0.57%
Dividend Payout Ratio (TTM)	82.19%	71.97%

Valuation

P/E Ratio (TTM)

Both Eversource Energy (ES) at 18.43 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.

ES

Utilities industry group

18.43

Max: 31.22
Q3: 23.30
Median: 19.64
ES: 18.43
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

Eversource Energy (ES) vs. National Grid (NGG): A comparison of their P/E ratio against the Utilities industry group benchmark.

P/S Ratio (TTM)

Eversource Energy (ES) at 1.91 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.

ES

Utilities industry group

1.91

Max: 6.35
Q3: 3.63
Median: 2.63
ES: 1.91
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

Eversource Energy (ES) vs. National Grid (NGG): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Eversource Energy (ES) at 1.61 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.

ES

Utilities industry group

1.61

Max: 3.12
Q3: 2.21
Median: 1.83
ES: 1.61
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

Eversource Energy (ES) vs. National Grid (NGG): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for Eversource Energy (ES) and National Grid (NGG)
Metric	ES	NGG
P/E Ratio (TTM)	18.43	15.54
P/S Ratio (TTM)	1.91	4.46
P/B Ratio (MRQ)	1.61	9.36
Free Cash Flow Yield (TTM)	--	-5.94%