NGG vs. PNW: National Grid vs. Pinnacle West Capital Stock Comparison
How do National Grid (NGG) and Pinnacle West Capital (PNW) 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
National Grid (NGG) and Pinnacle West Capital (PNW) both fall under the Utilities industry group, but NGG is classified in Multi-Utilities while PNW is classified in Electric Utilities.
Pinnacle West Capital (PNW) 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 | NGG | PNW |
|---|---|---|
| Name | National Grid plc Sponsored ADR | Pinnacle West Capital Corporation |
| Country/Region | United Kingdom | United States |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Multi-Utilities | Electric Utilities |
| GICS Sub-Industry | Multi-Utilities | Electric Utilities |
| Market Capitalization | 83.60 billion USD | 12.63 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | August 10, 2005 | February 21, 1973 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | NGG | PNW |
|---|---|---|
| Total Return (1Y) | 13.00% | 24.23% |
| Total Return (3Y, Annualized) | 19.82% | 18.78% |
| Total Return (5Y, Annualized) | 12.34% | 15.87% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | NGG | PNW |
|---|---|---|
| Volatility (1Y, Annualized) | 22.32% | 17.21% |
| Beta (5Y) | 0.73 | 0.48 |
| Max Drawdown (5Y) | -39.20% | -24.02% |
| Avg. Volume (3M) | 911.70K | 1.28M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | NGG | PNW |
|---|---|---|
| Sharpe Ratio (1Y) | 0.39 | 1.16 |
| Sortino Ratio (1Y) | 0.54 | 1.77 |
Profitability
ROE (TTM)
Both National Grid (NGG) at 10.31% and Pinnacle West Capital (PNW) at 9.09% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
NGG
Utilities industry group
10.31%
- Max
- 17.99%
- Q3
- 12.01%
- NGG
- 10.31%
- Median
- 9.44%
- Q1
- 7.56%
- Min
- 2.17%
PNW
Utilities industry group
9.09%
- Max
- 17.99%
- Q3
- 12.01%
- Median
- 9.44%
- PNW
- 9.09%
- 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 Pinnacle West Capital (PNW) at 11.59%, which keeps about the industry-typical share.
NGG
Utilities industry group
21.15%
- Max
- 28.78%
- NGG
- 21.15%
- Q3
- 17.30%
- Median
- 12.73%
- Q1
- 9.18%
- Min
- -0.20%
PNW
Utilities industry group
11.59%
- Max
- 28.78%
- Q3
- 17.30%
- Median
- 12.73%
- PNW
- 11.59%
- Q1
- 9.18%
- Min
- -0.20%
Operating Margin (TTM)
Pinnacle West Capital (PNW) at 31.70% operates in the top operating margin quartile, ahead of National Grid (NGG) at 28.64%, which runs around its industry’s norm.
NGG
Utilities industry group
28.64%
- Max
- 53.83%
- Q3
- 31.12%
- NGG
- 28.64%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
PNW
Utilities industry group
31.70%
- Max
- 53.83%
- PNW
- 31.70%
- Q3
- 31.12%
- Median
- 23.62%
- Q1
- 15.45%
- Min
- -4.90%
Profitability Metrics
| Metric | NGG | PNW |
|---|---|---|
| ROE (TTM) | 10.31% | 9.09% |
| ROA (TTM) | 3.33% | 2.36% |
| Net Margin (TTM) | 21.15% | 11.59% |
| Operating Margin (TTM) | 28.64% | 31.70% |
| Gross Margin (TTM) | 100.00% | 43.84% |
Growth
Revenue Growth
Pinnacle West Capital (PNW) at 4.20% 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: Pinnacle West Capital (PNW) reports EPS growth of -3.63%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.
Growth Metrics
| Metric | NGG | PNW |
|---|---|---|
| Revenue Growth (YoY) | -3.76% | 4.20% |
| Revenue Growth (3Y CAGR) | -6.53% | 7.28% |
| EPS Growth (YoY) | -- | -3.63% |
| EPS Growth (3Y CAGR) | -30.59% | 5.83% |
Financial Strength
Current Ratio (MRQ)
Pinnacle West Capital (PNW) at 0.71 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.
NGG
Utilities industry group
0.62
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- Q1
- 0.66
- NGG
- 0.62
- Min
- 0.29
PNW
Utilities industry group
0.71
- Max
- 1.90
- Q3
- 1.17
- Median
- 0.88
- PNW
- 0.71
- Q1
- 0.66
- Min
- 0.29
Debt / Equity (MRQ)
National Grid (NGG) at 1.32 carries an industry-typical debt-to-equity mix, while Pinnacle West Capital (PNW) at 2.26 uses more debt funding than most peers.
NGG
Utilities industry group
1.32
- Max
- 2.63
- Q3
- 1.77
- Median
- 1.35
- NGG
- 1.32
- Q1
- 0.84
- Min
- 0.00
PNW
Utilities industry group
2.26
- Max
- 2.63
- PNW
- 2.26
- Q3
- 1.77
- Median
- 1.35
- Q1
- 0.84
- Min
- 0.00
Financial Strength Metrics
| Metric | NGG | PNW |
|---|---|---|
| Current Ratio (MRQ) | 0.62 | 0.71 |
| Debt / Equity (MRQ) | 1.32 | 2.26 |
| Net Debt / EBITDA | 6.32 | 7.67 |
Dividends
Dividend Yield (TTM)
Pinnacle West Capital (PNW) at 3.51% pays a yield in its industry’s typical range, while National Grid (NGG) at 0.57% falls in the bottom quartile of its peers.
NGG
Utilities industry group
0.57%
- Max
- 6.66%
- Q3
- 3.58%
- Median
- 2.85%
- Q1
- 0.66%
- NGG
- 0.57%
- Min
- 0.00%
PNW
Utilities industry group
3.51%
- Max
- 6.66%
- Q3
- 3.58%
- PNW
- 3.51%
- Median
- 2.85%
- Q1
- 0.66%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Pinnacle West Capital (PNW) at 68.42% 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.
NGG
Utilities industry group
71.97%
- Max
- 113.04%
- NGG
- 71.97%
- Q3
- 68.72%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
PNW
Utilities industry group
68.42%
- Max
- 113.04%
- Q3
- 68.72%
- PNW
- 68.42%
- Median
- 56.38%
- Q1
- 32.38%
- Min
- 0.00%
Dividend Metrics
| Metric | NGG | PNW |
|---|---|---|
| Dividend Yield (TTM) | 0.57% | 3.51% |
| Dividend Payout Ratio (TTM) | 71.97% | 68.42% |
Valuation
P/E Ratio (TTM)
Both National Grid (NGG) at 15.54 and Pinnacle West Capital (PNW) at 19.59 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
NGG
Utilities industry group
15.54
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- NGG
- 15.54
- Q1
- 15.17
- Min
- 3.34
PNW
Utilities industry group
19.59
- Max
- 31.22
- Q3
- 23.30
- Median
- 19.64
- PNW
- 19.59
- Q1
- 15.17
- Min
- 3.34
P/S Ratio (TTM)
Pinnacle West Capital (PNW) at 2.21 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.
NGG
Utilities industry group
4.46
- Max
- 6.35
- NGG
- 4.46
- Q3
- 3.63
- Median
- 2.63
- Q1
- 1.52
- Min
- 0.00
PNW
Utilities industry group
2.21
- Max
- 6.35
- Q3
- 3.63
- Median
- 2.63
- PNW
- 2.21
- Q1
- 1.52
- Min
- 0.00
P/B Ratio (MRQ)
Pinnacle West Capital (PNW) at 1.69 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.
NGG
Utilities industry group
9.36
- NGG
- 9.36
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- Q1
- 1.46
- Min
- 0.34
PNW
Utilities industry group
1.69
- Max
- 3.12
- Q3
- 2.21
- Median
- 1.83
- PNW
- 1.69
- Q1
- 1.46
- Min
- 0.34
Valuation Metrics
| Metric | NGG | PNW |
|---|---|---|
| P/E Ratio (TTM) | 15.54 | 19.59 |
| P/S Ratio (TTM) | 4.46 | 2.21 |
| P/B Ratio (MRQ) | 9.36 | 1.69 |
| Free Cash Flow Yield (TTM) | -5.94% | -7.90% |