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NGG vs. TLN: National Grid vs. Talen Energy Stock Comparison

How do National Grid (NGG) and Talen Energy (TLN) 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 Talen Energy (TLN) both fall under the Utilities industry group, but NGG is classified in Multi-Utilities while TLN is classified in Independent Power and Renewable Electricity Producers.

National Grid (NGG) has more than two decades of public-market history since August 10, 2005, whereas Talen Energy (TLN) listed on June 2, 2023 and has a much shorter record to draw on.

Talen Energy (TLN) 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 National Grid (NGG) and Talen Energy (TLN)
Profile ItemNGGTLN
NameNational Grid plc Sponsored ADRTalen Energy Corporation
Country/RegionUnited KingdomUnited States
GICS SectorUtilitiesUtilities
GICS Industry GroupUtilitiesUtilities
GICS IndustryMulti-UtilitiesIndependent Power and Renewable Electricity Producers
GICS Sub-IndustryMulti-UtilitiesIndependent Power Producers & Energy Traders
Market Capitalization83.60 billion USD14.73 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateAugust 10, 2005June 2, 2023
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

NGG
TLN
GSPC
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National Grid (NGG) vs. Talen Energy (TLN), 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 National Grid (NGG) and Talen Energy (TLN). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for National Grid (NGG) and Talen Energy (TLN)
MetricNGGTLN
Total Return (1Y)13.00%-6.63%
Total Return (3Y, Annualized)19.82%88.64%
Total Return (5Y, Annualized)12.34%--

Risk Profile

Drawdown History

NGG
TLN
GSPC
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National Grid (NGG) vs. Talen Energy (TLN), 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 National Grid (NGG) and Talen Energy (TLN). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for National Grid (NGG) and Talen Energy (TLN)
MetricNGGTLN
Volatility (1Y, Annualized)22.32%58.28%
Beta (5Y)0.731.53
Max Drawdown (5Y)-39.20%-36.72%
Avg. Volume (3M)911.70K1.01M

Risk-Adjusted Performance

Risk-Return Positioning

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NGG and TLN 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 National Grid (NGG) and Talen Energy (TLN)
MetricNGGTLN
Sharpe Ratio (1Y)0.39-0.19
Sortino Ratio (1Y)0.54-0.26

Profitability

ROE (TTM)

Talen Energy (TLN) reports a negative ROE of -16.54%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile National Grid (NGG) reports 10.31%, ranking against industry peers normally.

NGG

Utilities industry group

10.31%

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

TLN

Utilities industry group

-16.54%

Max
17.99%
Q3
12.01%
Median
9.44%
Q1
7.56%
Min
2.17%
TLN
-16.54%
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National Grid (NGG) vs. Talen Energy (TLN): A comparison of their ROE against the Utilities industry group benchmark.

Net Margin (TTM)

Talen Energy (TLN) reports a negative net margin of -5.67%, usually indicating a net loss over the period. Meanwhile National Grid (NGG) reports 21.15%, ranking against industry peers normally.

NGG

Utilities industry group

21.15%

Max
28.78%
NGG
21.15%
Q3
17.30%
Median
12.73%
Q1
9.18%
Min
-0.20%

TLN

Utilities industry group

-5.67%

Max
28.78%
Q3
17.30%
Median
12.73%
Q1
9.18%
Min
-0.20%
TLN
-5.67%
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National Grid (NGG) vs. Talen Energy (TLN): A comparison of their net margin against the Utilities industry group benchmark.

Operating Margin (TTM)

Both National Grid (NGG) at 28.64% and Talen Energy (TLN) at 17.35% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

NGG

Utilities industry group

28.64%

Max
53.83%
Q3
31.12%
NGG
28.64%
Median
23.62%
Q1
15.45%
Min
-4.90%

TLN

Utilities industry group

17.35%

Max
53.83%
Q3
31.12%
Median
23.62%
TLN
17.35%
Q1
15.45%
Min
-4.90%
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National Grid (NGG) vs. Talen Energy (TLN): A comparison of their operating margin against the Utilities industry group benchmark.

Profitability Metrics

Profitability metrics for National Grid (NGG) and Talen Energy (TLN)
MetricNGGTLN
ROE (TTM)10.31%-16.54%
ROA (TTM)3.33%0.88%
Net Margin (TTM)21.15%-5.67%
Operating Margin (TTM)28.64%17.35%
Gross Margin (TTM)100.00%42.67%

Growth

Revenue Growth

Talen Energy (TLN) at 26.68% 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.

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

EPS Growth

Only one side can be read here: Talen Energy (TLN) reports EPS growth of -127.11%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for National Grid (NGG) and Talen Energy (TLN)
MetricNGGTLN
Revenue Growth (YoY)-3.76%26.68%
Revenue Growth (3Y CAGR)-6.53%2.87%
EPS Growth (YoY)---127.11%
EPS Growth (3Y CAGR)-30.59%--

Financial Strength

Current Ratio (MRQ)

Talen Energy (TLN) at 0.89 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

TLN

Utilities industry group

0.89

Max
1.90
Q3
1.17
TLN
0.89
Median
0.88
Q1
0.66
Min
0.29
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National Grid (NGG) vs. Talen Energy (TLN): A comparison of their current ratio against the Utilities industry group benchmark.

Debt / Equity (MRQ)

National Grid (NGG) at 1.32 is near its industry mid-range for debt-to-equity ratio, while Talen Energy (TLN) at 5.97 sits above its benchmark range, pointing to a heavier debt load relative to equity.

NGG

Utilities industry group

1.32

Max
2.63
Q3
1.77
Median
1.35
NGG
1.32
Q1
0.84
Min
0.00

TLN

Utilities industry group

5.97

TLN
5.97
Max
2.63
Q3
1.77
Median
1.35
Q1
0.84
Min
0.00
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National Grid (NGG) vs. Talen Energy (TLN): A comparison of their debt-to-equity ratio against the Utilities industry group benchmark.

Financial Strength Metrics

Financial strength metrics for National Grid (NGG) and Talen Energy (TLN)
MetricNGGTLN
Current Ratio (MRQ)0.620.89
Debt / Equity (MRQ)1.325.97
Net Debt / EBITDA6.3213.69

Dividends

Dividend Yield (TTM)

Talen Energy (TLN) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile National Grid (NGG) reports a yield of 0.57%, ranking against industry peers normally.

NGG

Utilities industry group

0.57%

Max
6.66%
Q3
3.58%
Median
2.85%
Q1
0.66%
NGG
0.57%
Min
0.00%

TLN

Utilities industry group

0.00%

Max
6.66%
Q3
3.58%
Median
2.85%
Q1
0.66%
TLN
0.00%
Min
0.00%
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National Grid (NGG) vs. Talen Energy (TLN): A comparison of their dividend yield against the Utilities industry group benchmark.

Dividend Payout Ratio (TTM)

Talen Energy (TLN) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile National Grid (NGG) reports a payout of 71.97%, ranking against industry peers normally.

NGG

Utilities industry group

71.97%

Max
113.04%
NGG
71.97%
Q3
68.72%
Median
56.38%
Q1
32.38%
Min
0.00%

TLN

Utilities industry group

0.00%

Max
113.04%
Q3
68.72%
Median
56.38%
Q1
32.38%
TLN
0.00%
Min
0.00%
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National Grid (NGG) vs. Talen Energy (TLN): A comparison of their payout ratio against the Utilities industry group benchmark.

Dividend Metrics

Dividend metrics for National Grid (NGG) and Talen Energy (TLN)
MetricNGGTLN
Dividend Yield (TTM)0.57%0.00%
Dividend Payout Ratio (TTM)71.97%0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: National Grid (NGG) trades at 15.54 times trailing earnings, ranked against its peers, while Talen Energy (TLN) has no P/E ratio this period.

NGG

Utilities industry group

15.54

Max
31.22
Q3
23.30
Median
19.64
NGG
15.54
Q1
15.17
Min
3.34

TLN

Utilities industry group

--

Max
31.22
Q3
23.30
Median
19.64
Q1
15.17
Min
3.34
TLN
--
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National Grid (NGG) vs. Talen Energy (TLN): TLN does not report P/E ratio, so it has no value marker; NGG is benchmarked against the Utilities industry group.

P/S Ratio (TTM)

Talen Energy (TLN) at 3.29 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

TLN

Utilities industry group

3.29

Max
6.35
Q3
3.63
TLN
3.29
Median
2.63
Q1
1.52
Min
0.00
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National Grid (NGG) vs. Talen Energy (TLN): A comparison of their P/S ratio against the Utilities industry group benchmark.

P/B Ratio (MRQ)

Measured against book value, both National Grid (NGG) at 9.36 and Talen Energy (TLN) at 10.14 look expensive — each P/B ratio sits above its industry’s benchmark range.

NGG

Utilities industry group

9.36

NGG
9.36
Max
3.12
Q3
2.21
Median
1.83
Q1
1.46
Min
0.34

TLN

Utilities industry group

10.14

TLN
10.14
Max
3.12
Q3
2.21
Median
1.83
Q1
1.46
Min
0.34
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National Grid (NGG) vs. Talen Energy (TLN): A comparison of their P/B ratio against the Utilities industry group benchmark.

Valuation Metrics

Valuation metrics for National Grid (NGG) and Talen Energy (TLN)
MetricNGGTLN
P/E Ratio (TTM)15.54--
P/S Ratio (TTM)4.463.29
P/B Ratio (MRQ)9.3610.14
Free Cash Flow Yield (TTM)-5.94%6.39%