Side by sideNational Grid (NG.L) and SSE (SSE.L)Memos of October 12, 2026 and October 15, 2026
National Grid vs SSE stock: the numbers side by side (October 2026)
How do National Grid and SSE compare?
| National Grid NG.L | SSE SSE.L | |
|---|---|---|
| Revenue growth | -3.8%Mar 2026 | 0.5%Mar 2026 |
| Operating margin | 30.7%Mar 2026 | 18.5%Mar 2026 |
| Free cash flow | -4,823£ millions · Mar 2026 | -1,071.2£ millions · Mar 2026 |
| Free cash flow yield | -8.2%Today (Oct 12, 2026) | -3.5%Today (Oct 15, 2026) |
| Dividend yield | 4.2%Today (Oct 12, 2026) | 2.7%Today (Oct 15, 2026) |
| P/E, last 12 months | 17.9xToday (Oct 12, 2026) | 23.9xToday (Oct 15, 2026) |
| P/E, next 12 months | 11.9xToday (Oct 12, 2026) | 11.9xToday (Oct 15, 2026) |
| Weighted price forecast, about 1 year | 1118.86 (+0 %)October 2027 | 2610.05 (+6 %)October 2027 |
| Weighted price forecast, about 3 years | 1318.29 (+26 %)October 2029 | 3105.35 (+32 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | SSE | The higher figure |
| Operating margin | National Grid | The higher figure |
| Free cash flow | SSE | The higher figure |
| Free cash flow yield | SSE | The higher figure |
| Dividend yield | National Grid | The higher figure |
| P/E, last 12 months | National Grid | The lower figure |
| P/E, next 12 months | — | The lower figure |
| Weighted price forecast, about 1 year | SSE | The higher weighted return |
| Weighted price forecast, about 3 years | SSE | The higher weighted return |
What does each company do?
National Grid owns electricity and gas networks that carry energy to homes and businesses.
National Grid (NG.L), from our memo of October 12, 2026 · National Grid stock forecast
SSE owns electricity networks, generators and customer businesses.
SSE (SSE.L), from our memo of October 15, 2026 · SSE stock forecast