NGG vs. WEC: National Grid vs. WEC Energy Stock Comparison

November 11, 2026

How do National Grid (NGG) and WEC Energy (WEC) 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 WEC Energy (WEC) are both classified in the Multi-Utilities sub-industry within the broader Multi-Utilities industry, placing them in the closest GICS peer bucket.

WEC Energy (WEC) 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 WEC Energy (WEC)
Profile Item	NGG	WEC
Name	National Grid plc Sponsored ADR	WEC Energy Group Inc.
Country/Region	United Kingdom	United States
GICS Sector	Utilities	Utilities
GICS Industry Group	Utilities	Utilities
GICS Industry	Multi-Utilities	Multi-Utilities
GICS Sub-Industry	Multi-Utilities	Multi-Utilities
Market Capitalization	83.60 billion USD	38.12 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	August 10, 2005	March 17, 1980
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

NGG

WEC

GSPC

National Grid (NGG) vs. WEC Energy (WEC), 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 WEC Energy (WEC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for National Grid (NGG) and WEC Energy (WEC)
Metric	NGG	WEC
Total Return (1Y)	13.00%	7.80%
Total Return (3Y, Annualized)	19.82%	18.04%
Total Return (5Y, Annualized)	12.34%	9.22%

Risk Profile

Drawdown History

NGG

WEC

GSPC

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

Risk Metrics

Risk profile metrics for National Grid (NGG) and WEC Energy (WEC)
Metric	NGG	WEC
Volatility (1Y, Annualized)	22.32%	17.21%
Beta (5Y)	0.73	0.43
Max Drawdown (5Y)	-39.20%	-26.02%
Avg. Volume (3M)	911.70K	2.71M

Risk-Adjusted Performance

Risk-Return Positioning

NGG and WEC 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 WEC Energy (WEC)
Metric	NGG	WEC
Sharpe Ratio (1Y)	0.39	0.20
Sortino Ratio (1Y)	0.54	0.31

Profitability

ROE (TTM)

WEC Energy (WEC) at 12.49% sits in the top ROE quartile, while National Grid (NGG) at 10.31% is closer to the peer norm — stronger capital efficiency for WEC.

NGG

Utilities industry group

10.31%

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

WEC

Utilities industry group

12.49%

Max: 17.99%
WEC: 12.49%
Q3: 12.01%
Median: 9.44%
Q1: 7.56%
Min: 2.17%

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

Net Margin (TTM)

For every dollar of sales, both National Grid (NGG) at 21.15% and WEC Energy (WEC) at 17.53% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

NGG

Utilities industry group

21.15%

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

WEC

Utilities industry group

17.53%

Max: 28.78%
WEC: 17.53%
Q3: 17.30%
Median: 12.73%
Q1: 9.18%
Min: -0.20%

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

Operating Margin (TTM)

Both National Grid (NGG) at 28.64% and WEC Energy (WEC) at 25.44% 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%

WEC

Utilities industry group

25.44%

Max: 53.83%
Q3: 31.12%
WEC: 25.44%
Median: 23.62%
Q1: 15.45%
Min: -4.90%

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

Profitability Metrics

Profitability metrics for National Grid (NGG) and WEC Energy (WEC)
Metric	NGG	WEC
ROE (TTM)	10.31%	12.49%
ROA (TTM)	3.33%	3.08%
Net Margin (TTM)	21.15%	17.53%
Operating Margin (TTM)	28.64%	25.44%
Gross Margin (TTM)	100.00%	42.36%

Growth

Revenue Growth

WEC Energy (WEC) at 13.96% 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.

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

EPS Growth

Only one side can be read here: WEC Energy (WEC) reports EPS growth of -0.41%, ranked against its industry; National Grid (NGG) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for National Grid (NGG) and WEC Energy (WEC)
Metric	NGG	WEC
Revenue Growth (YoY)	-3.76%	13.96%
Revenue Growth (3Y CAGR)	-6.53%	0.70%
EPS Growth (YoY)	--	-0.41%
EPS Growth (3Y CAGR)	-30.59%	2.63%

Financial Strength

Current Ratio (MRQ)

Both National Grid (NGG) at 0.62 and WEC Energy (WEC) at 0.53 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

NGG

Utilities industry group

0.62

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
NGG: 0.62
Min: 0.29

WEC

Utilities industry group

0.53

Max: 1.90
Q3: 1.17
Median: 0.88
Q1: 0.66
WEC: 0.53
Min: 0.29

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

Debt / Equity (MRQ)

Both National Grid (NGG) at 1.32 and WEC Energy (WEC) at 1.54 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

NGG

Utilities industry group

1.32

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

WEC

Utilities industry group

1.54

Max: 2.63
Q3: 1.77
WEC: 1.54
Median: 1.35
Q1: 0.84
Min: 0.00

National Grid (NGG) vs. WEC Energy (WEC): 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 WEC Energy (WEC)
Metric	NGG	WEC
Current Ratio (MRQ)	0.62	0.53
Debt / Equity (MRQ)	1.32	1.54
Net Debt / EBITDA	6.32	5.66

Dividends

Dividend Yield (TTM)

WEC Energy (WEC) at 3.17% 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%

WEC

Utilities industry group

3.17%

Max: 6.66%
Q3: 3.58%
WEC: 3.17%
Median: 2.85%
Q1: 0.66%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

WEC Energy (WEC) at 68.18% 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%

WEC

Utilities industry group

68.18%

Max: 113.04%
Q3: 68.72%
WEC: 68.18%
Median: 56.38%
Q1: 32.38%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for National Grid (NGG) and WEC Energy (WEC)
Metric	NGG	WEC
Dividend Yield (TTM)	0.57%	3.17%
Dividend Payout Ratio (TTM)	71.97%	68.18%

Valuation

P/E Ratio (TTM)

Both National Grid (NGG) at 15.54 and WEC Energy (WEC) at 21.07 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

WEC

Utilities industry group

21.07

Max: 31.22
Q3: 23.30
WEC: 21.07
Median: 19.64
Q1: 15.17
Min: 3.34

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

P/S Ratio (TTM)

Both National Grid (NGG) at 4.46 and WEC Energy (WEC) at 3.69 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

NGG

Utilities industry group

4.46

Max: 6.35
NGG: 4.46
Q3: 3.63
Median: 2.63
Q1: 1.52
Min: 0.00

WEC

Utilities industry group

3.69

Max: 6.35
WEC: 3.69
Q3: 3.63
Median: 2.63
Q1: 1.52
Min: 0.00

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

P/B Ratio (MRQ)

Both look rich against book: WEC Energy (WEC) at 2.62 sits in the upper P/B ratio quartile, and National Grid (NGG) at 9.36 prices even higher, above its industry 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

WEC

Utilities industry group

2.62

Max: 3.12
WEC: 2.62
Q3: 2.21
Median: 1.83
Q1: 1.46
Min: 0.34

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

Valuation Metrics

Valuation metrics for National Grid (NGG) and WEC Energy (WEC)
Metric	NGG	WEC
P/E Ratio (TTM)	15.54	21.07
P/S Ratio (TTM)	4.46	3.69
P/B Ratio (MRQ)	9.36	2.62
Free Cash Flow Yield (TTM)	-5.94%	-5.16%