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.
| Profile Item | NGG | TLN |
|---|---|---|
| Name | National Grid plc Sponsored ADR | Talen Energy Corporation |
| Country/Region | United Kingdom | United States |
| GICS Sector | Utilities | Utilities |
| GICS Industry Group | Utilities | Utilities |
| GICS Industry | Multi-Utilities | Independent Power and Renewable Electricity Producers |
| GICS Sub-Industry | Multi-Utilities | Independent Power Producers & Energy Traders |
| Market Capitalization | 83.60 billion USD | 14.73 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | August 10, 2005 | June 2, 2023 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | NGG | TLN |
|---|---|---|
| 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
Return Distribution
Risk Metrics
| Metric | NGG | TLN |
|---|---|---|
| Volatility (1Y, Annualized) | 22.32% | 58.28% |
| Beta (5Y) | 0.73 | 1.53 |
| Max Drawdown (5Y) | -39.20% | -36.72% |
| Avg. Volume (3M) | 911.70K | 1.01M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | NGG | TLN |
|---|---|---|
| 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%
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%
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%
Profitability Metrics
| Metric | NGG | TLN |
|---|---|---|
| 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.
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.
Growth Metrics
| Metric | NGG | TLN |
|---|---|---|
| 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
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
Financial Strength Metrics
| Metric | NGG | TLN |
|---|---|---|
| Current Ratio (MRQ) | 0.62 | 0.89 |
| Debt / Equity (MRQ) | 1.32 | 5.97 |
| Net Debt / EBITDA | 6.32 | 13.69 |
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%
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%
Dividend Metrics
| Metric | NGG | TLN |
|---|---|---|
| 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
- --
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
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
Valuation Metrics
| Metric | NGG | TLN |
|---|---|---|
| P/E Ratio (TTM) | 15.54 | -- |
| P/S Ratio (TTM) | 4.46 | 3.29 |
| P/B Ratio (MRQ) | 9.36 | 10.14 |
| Free Cash Flow Yield (TTM) | -5.94% | 6.39% |