NATIONAL GRID PLC (NMKCP)

Utilities · Natural Gas Transmission · Price $63.61
Updated: Aug 25, 2026
Operating Income (TTM)
$6.7B
Trailing 12 Months
Growth Rate
N/A
Log-Linear Regression (0Q)
Operating Margin
N/A
Operational Efficiency
EV/Operating Income
58.2x
Valuation Multiple
Net Income
$3.9B
After Interest & Taxes

🧮 NMKCP Operating Income Breakdown

Operating Income = Gross Profit - Operating Expenses (SG&A, R&D, etc.)
Revenue (Top Line) $24.8B
Less: Cost of Revenue → Gross Profit N/A
Equals: Operating Income (EBIT) $6.7B
Then: Less Interest & Taxes → Net Income $3.9B

Understanding Operating Income

Operating Income, also known as EBIT (Earnings Before Interest and Taxes), measures a company's profit from its core business operations before financing costs and taxes. For NMKCP, the trailing twelve month operating income is $6.7B.

Why Operating Income Matters

Operating income isolates business performance from capital structure decisions (debt vs equity financing) and tax strategies. This makes it ideal for comparing companies with different debt levels or tax situations. It shows how efficiently management runs the core operations.

NMKCP's operating income growth rate of N/A (based on log-linear regression of 0 quarters) indicates relatively flat or slightly declining operational performance.

Operating Income vs Other Profitability Metrics

Net Income: $3.9B →

The bottom line after interest and taxes. Net income shows the final profit, while operating income excludes financing decisions.

Free Cash Flow: $0 →

Actual cash generated after capital expenditures. FCF can differ significantly from operating income due to working capital and capex.

Owner Earnings: N/A →

Buffett's measure of true cash generation. Adds back depreciation and subtracts only maintenance capex.

Revenue: $24.8B →

The top line that operating income is derived from. Operating margin shows what percentage becomes operational profit.

Operating Margin Analysis

NMKCP's operating margin of N/A shows what percentage of revenue converts to operating profit after all operating expenses.

EV/Operating Income Valuation

The EV/Operating Income ratio of 58.2x shows how the market values NMKCP's operational earnings. Ratios above 25x indicate high growth expectations or premium valuation.

Summary: NMKCP Operating Income Trend

NATIONAL GRID PLC (NMKCP) generated $6.7B in trailing twelve-month operating income, growing at N/A annually — a negative trend — revenue erosion that warrants monitoring. For complete financial analysis, view the full NMKCP stock report on Zyberno.

Frequently Asked Questions

What is NMKCP's current operating income?

NATIONAL GRID PLC's TTM operating income is $6.7B, growing at N/A annually — a negative trend — revenue erosion that warrants monitoring.

Is NMKCP's operating income growing?

NATIONAL GRID PLC (NMKCP) generated $6.7B in trailing twelve-month operating income, growing at N/A annually — a negative trend — revenue erosion that warrants monitoring.

What is NMKCP's operating margin?

NATIONAL GRID PLC (NMKCP) generated $6.7B in trailing twelve-month operating income, growing at N/A annually — a negative trend — revenue erosion that warrants monitoring.

What is the difference between operating income and EBIT?

Operating income and EBIT (Earnings Before Interest and Taxes) are generally the same metric - both measure profit from core operations before financing costs and taxes. NMKCP's EBIT/Operating Income is $6.7B.

How does operating income differ from net income?

Operating income excludes interest expense and income taxes, while net income includes them. NMKCP's operating income is $6.7B versus net income of $3.9B. The difference reflects financing costs and tax burden.

📊 Valuation Trilogy
Three interconnected metrics built on Owner Earnings
💎
Intrinsic Value
DCF Fair Value
🛡️
Margin of Safety
Valuation Gap
🎯
Expected Return
Projected Annual
Click any metric for full methodology and detailed analysis

📊 Full NMKCP Stock Report

See NMKCP's intrinsic value, margin of safety, DCF valuation, and complete financial analysis with 250+ metrics.

💵 NMKCP Free Cash Flow

Compare to Free Cash Flow which subtracts all capital expenditures, not just maintenance CapEx.

💰 NMKCP Owner Earnings

Compare to Buffett's Owner Earnings metric which uses maintenance CapEx instead of total capital expenditures.

📈 NMKCP Earnings Per Share

Analyze EPS trends, P/E ratio, earnings yield, and per-share profitability metrics.

🎯 NMKCP Earnings Surprise (SUE)

See whether NMKCP is beating or missing its own earnings trend — Standardized Unexpected Earnings and post-earnings drift.

📊 NMKCP Revenue

Analyze revenue trends, growth rate, P/S ratio, and top-line sales performance.

💰 NMKCP Net Income

Analyze the bottom-line profit, P/E ratio, and net profit margin trends.

🔶 NMKCP Operating Income

Analyze EBIT, operating margin, and core business profitability before interest and taxes.

💜 NMKCP Gross Profit

Analyze gross margin, pricing power, and profitability before operating expenses.

View Full NMKCP Report Find More Quality Stocks
Scroll to Top