NEE vs. NGG: NextEra Energy vs. National Grid Stock Comparison

August 2, 2026

How do NextEra Energy (NEE) 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

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

NextEra Energy (NEE) 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 NextEra Energy (NEE) and National Grid (NGG)
Profile Item	NEE	NGG
Name	NextEra Energy, Inc.	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	181.31 billion USD	80.40 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

NEE

NGG

GSPC

NextEra Energy (NEE) 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 NextEra Energy (NEE) and National Grid (NGG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for NextEra Energy (NEE) and National Grid (NGG)
Metric	NEE	NGG
Total Return (1Y)	25.86%	18.26%
Total Return (3Y, Annualized)	9.02%	13.52%
Total Return (5Y, Annualized)	4.94%	11.07%

Risk Profile

Drawdown History

NEE

NGG

GSPC

NextEra Energy (NEE) 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 NextEra Energy (NEE) and National Grid (NGG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for NextEra Energy (NEE) and National Grid (NGG)
Metric	NEE	NGG
Volatility (1Y, Annualized)	21.99%	21.51%
Beta (5Y)	0.66	0.78
Max Drawdown (5Y)	-44.97%	-39.20%
Avg. Volume (3M)	11.73M	1.26M

Risk-Adjusted Performance

Risk-Return Positioning

NEE 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 NextEra Energy (NEE) and National Grid (NGG)
Metric	NEE	NGG
Sharpe Ratio (1Y)	0.99	0.66
Sortino Ratio (1Y)	1.51	0.91

Profitability

ROE (TTM)

Both NextEra Energy (NEE) at 11.68% and National Grid (NGG) at 8.41% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

NEE

Utilities industry group

11.68%

Max: 17.16%
Q3: 11.74%
NEE: 11.68%
Median: 9.47%
Q1: 7.66%
Min: 2.67%

NGG

Utilities industry group

8.41%

Max: 17.16%
Q3: 11.74%
Median: 9.47%
NGG: 8.41%
Q1: 7.66%
Min: 2.67%

NextEra Energy (NEE) vs. National Grid (NGG): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

NextEra Energy (NEE) at 32.40% keeps the most of each sales dollar — above its industry’s net margin range — and National Grid (NGG) at 18.32% also retains a top-quartile share.

NEE

Utilities industry group

32.40%

NEE: 32.40%
Max: 27.58%
Q3: 17.19%
Median: 12.61%
Q1: 9.24%
Min: -1.02%

NGG

Utilities industry group

18.32%

Max: 27.58%
NGG: 18.32%
Q3: 17.19%
Median: 12.61%
Q1: 9.24%
Min: -1.02%

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

Operating Margin (TTM)

Both NextEra Energy (NEE) at 31.52% and National Grid (NGG) at 32.60% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

NEE

Utilities industry group

31.52%

Max: 43.52%
NEE: 31.52%
Q3: 30.50%
Median: 23.72%
Q1: 17.21%
Min: 0.00%

NGG

Utilities industry group

32.60%

Max: 43.52%
NGG: 32.60%
Q3: 30.50%
Median: 23.72%
Q1: 17.21%
Min: 0.00%

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

Profitability Metrics

Profitability metrics for NextEra Energy (NEE) and National Grid (NGG)
Metric	NEE	NGG
ROE (TTM)	11.68%	8.41%
ROA (TTM)	2.44%	3.01%
Net Margin (TTM)	32.40%	18.32%
Operating Margin (TTM)	31.52%	32.60%
Gross Margin (TTM)	61.02%	100.00%

Growth

Revenue Growth

NextEra Energy (NEE) at 10.74% 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.

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

EPS Growth

Only one side can be read here: NextEra Energy (NEE) reports EPS growth of -2.63%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for NextEra Energy (NEE) and National Grid (NGG)
Metric	NEE	NGG
Revenue Growth (YoY)	10.74%	-3.76%
Revenue Growth (3Y CAGR)	9.36%	-6.53%
EPS Growth (YoY)	-2.63%	--
EPS Growth (3Y CAGR)	16.28%	-30.59%

Financial Strength

Current Ratio (MRQ)

National Grid (NGG) at 0.76 keeps current ratio within its industry’s typical mid-range, while NextEra Energy (NEE) at 0.53 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for NEE.

NEE

Utilities industry group

0.53

Max: 1.74
Q3: 1.19
Median: 0.93
Q1: 0.66
NEE: 0.53
Min: 0.32

NGG

Utilities industry group

0.76

Max: 1.74
Q3: 1.19
Median: 0.93
NGG: 0.76
Q1: 0.66
Min: 0.32

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

Debt / Equity (MRQ)

Both NextEra Energy (NEE) at 1.62 and National Grid (NGG) at 1.21 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NEE

Utilities industry group

1.62

Max: 2.60
Q3: 1.79
NEE: 1.62
Median: 1.33
Q1: 0.85
Min: 0.00

NGG

Utilities industry group

1.21

Max: 2.60
Q3: 1.79
Median: 1.33
NGG: 1.21
Q1: 0.85
Min: 0.00

NextEra Energy (NEE) 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 NextEra Energy (NEE) and National Grid (NGG)
Metric	NEE	NGG
Current Ratio (MRQ)	0.53	0.76
Debt / Equity (MRQ)	1.62	1.21
Net Debt / EBITDA	7.35	6.39

Dividends

Dividend Yield (TTM)

NextEra Energy (NEE) at 2.71% pays a yield in its industry’s typical range, while National Grid (NGG) at 0.60% falls in the bottom quartile of its peers.

NEE

Utilities industry group

2.71%

Max: 6.00%
Q3: 3.74%
Median: 2.89%
NEE: 2.71%
Q1: 1.42%
Min: 0.00%

NGG

Utilities industry group

0.60%

Max: 6.00%
Q3: 3.74%
Median: 2.89%
Q1: 1.42%
NGG: 0.60%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both NextEra Energy (NEE) at 53.47% and National Grid (NGG) at 71.18% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

NEE

Utilities industry group

53.47%

Max: 108.09%
Q3: 72.14%
Median: 58.54%
NEE: 53.47%
Q1: 37.81%
Min: 0.00%

NGG

Utilities industry group

71.18%

Max: 108.09%
Q3: 72.14%
NGG: 71.18%
Median: 58.54%
Q1: 37.81%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for NextEra Energy (NEE) and National Grid (NGG)
Metric	NEE	NGG
Dividend Yield (TTM)	2.71%	0.60%
Dividend Payout Ratio (TTM)	53.47%	71.18%

Valuation

P/E Ratio (TTM)

Both NextEra Energy (NEE) at 19.53 and National Grid (NGG) at 18.30 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

NEE

Utilities industry group

19.53

Max: 31.65
Q3: 23.25
Median: 21.07
NEE: 19.53
Q1: 16.52
Min: 6.64

NGG

Utilities industry group

18.30

Max: 31.65
Q3: 23.25
Median: 21.07
NGG: 18.30
Q1: 16.52
Min: 6.64

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

P/S Ratio (TTM)

Both NextEra Energy (NEE) at 6.32 and National Grid (NGG) at 4.55 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

NEE

Utilities industry group

6.32

Max: 6.35
NEE: 6.32
Q3: 3.58
Median: 2.63
Q1: 1.61
Min: 0.00

NGG

Utilities industry group

4.55

Max: 6.35
NGG: 4.55
Q3: 3.58
Median: 2.63
Q1: 1.61
Min: 0.00

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

P/B Ratio (MRQ)

Both look rich against book: NextEra Energy (NEE) at 3.28 sits in the upper P/B ratio quartile, and National Grid (NGG) at 9.14 prices even higher, above its industry range.

NEE

Utilities industry group

3.28

NEE: 3.28
Max: 3.28
Q3: 2.31
Median: 1.85
Q1: 1.40
Min: 0.35

NGG

Utilities industry group

9.14

NGG: 9.14
Max: 3.28
Q3: 2.31
Median: 1.85
Q1: 1.40
Min: 0.35

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

Valuation Metrics

Valuation metrics for NextEra Energy (NEE) and National Grid (NGG)
Metric	NEE	NGG
P/E Ratio (TTM)	19.53	18.30
P/S Ratio (TTM)	6.32	4.55
P/B Ratio (MRQ)	3.28	9.14
Free Cash Flow Yield (TTM)	-9.80%	-3.89%