EXC vs. NGG: Exelon vs. National Grid Stock Comparison

November 11, 2026

How do Exelon (EXC) 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

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

Exelon (EXC) 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 Exelon (EXC) and National Grid (NGG)
Profile Item	EXC	NGG
Name	Exelon Corp.	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	47.21 billion USD	83.60 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	May 2, 1973	August 10, 2005
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

EXC

NGG

GSPC

Exelon (EXC) 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

Loading price history…

Trailing total returns for Exelon (EXC) and National Grid (NGG). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Exelon (EXC) and National Grid (NGG)
Metric	EXC	NGG
Total Return (1Y)	2.39%	13.00%
Total Return (3Y, Annualized)	9.20%	19.82%
Total Return (5Y, Annualized)	7.16%	12.34%

Risk Profile

Drawdown History

EXC

NGG

GSPC

Exelon (EXC) 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

Loading price history…

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

Risk Metrics

Risk profile metrics for Exelon (EXC) and National Grid (NGG)
Metric	EXC	NGG
Volatility (1Y, Annualized)	20.24%	22.32%
Beta (5Y)	0.24	0.73
Max Drawdown (5Y)	-29.05%	-39.20%
Avg. Volume (3M)	7.62M	911.70K

Risk-Adjusted Performance

Risk-Return Positioning

EXC 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 Exelon (EXC) and National Grid (NGG)
Metric	EXC	NGG
Sharpe Ratio (1Y)	-0.09	0.39
Sortino Ratio (1Y)	-0.14	0.54

Profitability

ROE (TTM)

Both Exelon (EXC) at 9.06% 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.

EXC

Utilities industry group

9.06%

Max: 17.99%
Q3: 12.01%
Median: 9.44%
EXC: 9.06%
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%

Exelon (EXC) vs. National Grid (NGG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

National Grid (NGG) at 21.15% retains a top-quartile share of revenue as profit, ahead of Exelon (EXC) at 10.17%, which keeps about the industry-typical share.

EXC

Utilities industry group

10.17%

Max: 28.78%
Q3: 17.30%
Median: 12.73%
EXC: 10.17%
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%

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

Operating Margin (TTM)

Both Exelon (EXC) at 19.18% and National Grid (NGG) at 28.64% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

EXC

Utilities industry group

19.18%

Max: 53.83%
Q3: 31.12%
Median: 23.62%
EXC: 19.18%
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%

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

Profitability Metrics

Profitability metrics for Exelon (EXC) and National Grid (NGG)
Metric	EXC	NGG
ROE (TTM)	9.06%	10.31%
ROA (TTM)	2.72%	3.33%
Net Margin (TTM)	10.17%	21.15%
Operating Margin (TTM)	19.18%	28.64%
Gross Margin (TTM)	41.50%	100.00%

Growth

Revenue Growth

Exelon (EXC) at 5.34% 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.

Exelon (EXC) vs. National Grid (NGG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Exelon (EXC) reports EPS growth of 10.61%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

Exelon (EXC) vs. National Grid (NGG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Exelon (EXC) and National Grid (NGG)
Metric	EXC	NGG
Revenue Growth (YoY)	5.34%	-3.76%
Revenue Growth (3Y CAGR)	8.34%	-6.53%
EPS Growth (YoY)	10.61%	--
EPS Growth (3Y CAGR)	9.19%	-30.59%

Financial Strength

Current Ratio (MRQ)

Exelon (EXC) at 1.03 keeps current ratio within its industry’s typical mid-range, while National Grid (NGG) at 0.62 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NGG.

EXC

Utilities industry group

1.03

Max: 1.90
Q3: 1.17
EXC: 1.03
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

Exelon (EXC) vs. National Grid (NGG): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

Both Exelon (EXC) at 1.77 and National Grid (NGG) at 1.32 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EXC

Utilities industry group

1.77

Max: 2.63
Q3: 1.77
EXC: 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

Exelon (EXC) 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 Exelon (EXC) and National Grid (NGG)
Metric	EXC	NGG
Current Ratio (MRQ)	1.03	0.62
Debt / Equity (MRQ)	1.77	1.32
Net Debt / EBITDA	6.21	6.32

Dividends

Dividend Yield (TTM)

Exelon (EXC) at 3.57% pays a yield in its industry’s typical range, while National Grid (NGG) at 0.57% falls in the bottom quartile of its peers.

EXC

Utilities industry group

3.57%

Max: 6.66%
Q3: 3.58%
EXC: 3.57%
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%

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

Dividend Payout Ratio (TTM)

Exelon (EXC) at 64.84% 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.

EXC

Utilities industry group

64.84%

Max: 113.04%
Q3: 68.72%
EXC: 64.84%
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%

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

Dividend Metrics

Dividend metrics for Exelon (EXC) and National Grid (NGG)
Metric	EXC	NGG
Dividend Yield (TTM)	3.57%	0.57%
Dividend Payout Ratio (TTM)	64.84%	71.97%

Valuation

P/E Ratio (TTM)

Both Exelon (EXC) at 17.82 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.

EXC

Utilities industry group

17.82

Max: 31.22
Q3: 23.30
Median: 19.64
EXC: 17.82
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

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

P/S Ratio (TTM)

Exelon (EXC) at 1.82 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.

EXC

Utilities industry group

1.82

Max: 6.35
Q3: 3.63
Median: 2.63
EXC: 1.82
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

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

P/B Ratio (MRQ)

Exelon (EXC) at 1.57 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.

EXC

Utilities industry group

1.57

Max: 3.12
Q3: 2.21
Median: 1.83
EXC: 1.57
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

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

Valuation Metrics

Valuation metrics for Exelon (EXC) and National Grid (NGG)
Metric	EXC	NGG
P/E Ratio (TTM)	17.82	15.54
P/S Ratio (TTM)	1.82	4.46
P/B Ratio (MRQ)	1.57	9.36
Free Cash Flow Yield (TTM)	-6.97%	-5.94%