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Stocks · Financials · Commercial Banks, NEC

NatWest Group plc

NWG Clue Score66
United Kingdom Fiscal year ends December CIK 0000844150
$17.13 -0.12% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $17.13 +174.96% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue15.95Net income−5.25EPS, diluted−0.60Fiscal year 2017Revenue16.06 +0.7%Net income1.51EPS, diluted0.06Fiscal year 2018Revenue16.66 +3.7%Net income2.15 +42.6%EPS, diluted13.40 +21,169.8%Fiscal year 2019Revenue18.16 +9.0%Net income3.80 +76.7%EPS, diluted0.26 −98.1%Fiscal year 2020Revenue13.45 −26.0%Net income−0.43 −111.4%EPS, diluted−0.07 −125.9%Fiscal year 2021Revenue12.70 −5.5%Net income3.31EPS, diluted0.27Fiscal year 2022Revenue16.57 +30.5%Net income3.60 +8.5%EPS, diluted0.34 +23.5%Fiscal year 2023Revenue25.38 +53.1%Net income4.63 +28.8%EPS, diluted0.48 +42.0%Fiscal year 2024Revenue29.32 +15.5%Net income4.81 +3.9%EPS, diluted0.53 +11.3%Fiscal year 2025Revenue30.24 +3.1%Net income5.83 +21.3%EPS, diluted0.67 +26.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 15.95 16.06 16.66 18.16 13.45 12.70 16.57 25.38 29.32 30.24
Growth +0.7% +3.7% +9.0% −26.0% −5.5% +30.5% +53.1% +15.5% +3.1%
Net income −5.25 1.51 2.15 3.80 −0.43 3.31 3.60 4.63 4.81 5.83
Growth +42.6% +76.7% −111.4% +8.5% +28.8% +3.9% +21.3%
EPS, diluted −0.60 0.06 13.40 0.26 −0.07 0.27 0.34 0.48 0.53 0.67
Growth +21,169.8% −98.1% −125.9% +23.5% +42.0% +11.3% +26.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin−32.9%Free cash flow margin−28.6%Fiscal year 2017Net margin9.4%Free cash flow margin215.3%Fiscal year 2018Net margin12.9%Free cash flow margin−44.2%Fiscal year 2019Net margin20.9%Free cash flow margin−20.0%Fiscal year 2020Net margin−3.2%Free cash flow margin213.6%Fiscal year 2021Net margin26.1%Free cash flow margin415.5%Fiscal year 2022Net margin21.7%Free cash flow margin−266.9%Fiscal year 2023Net margin18.2%Free cash flow margin−71.9%Fiscal year 2024Net margin16.4%Free cash flow margin4.5%Fiscal year 2025Net margin19.3%Free cash flow margin21.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin −32.9% 9.4% 12.9% 20.9% −3.2% 26.1% 21.7% 18.2% 16.4% 19.3%
Free cash flow margin −28.6% 215.3% −44.2% −20.0% 213.6% 415.5% −266.9% −71.9% 4.5% 21.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−3.65Capital expenditure−0.91Free cash flow−4.56Buybacks−0.03Dividends paid−1.70Fiscal year 2017Operating cash flow35.71Capital expenditure−1.13Free cash flow34.58Buybacks0.09Dividends paid−0.61Fiscal year 2018Operating cash flow−6.75Capital expenditure−0.62Free cash flow−7.37 −121.3%Buybacks0.02Dividends paid−0.80Fiscal year 2019Operating cash flow−3.08Capital expenditure−0.56Free cash flow−3.64Buybacks−0.02Dividends paid−3.43Fiscal year 2020Operating cash flow29.10Capital expenditure−0.38Free cash flow28.72Buybacks−0.00Dividends paid−0.38Fiscal year 2021Operating cash flow53.68Capital expenditure−0.90Free cash flow52.78 +83.8%Buybacks−1.81Dividends paid−1.02Fiscal year 2022Operating cash flow−43.60Capital expenditure−0.64Free cash flow−44.24 −183.8%Buybacks−2.05Dividends paid−3.21Fiscal year 2023Operating cash flow−17.44Capital expenditure−0.81Free cash flow−18.25Buybacks−2.42Dividends paid−1.70Fiscal year 2024Operating cash flow1.77Capital expenditure−0.46Free cash flow1.31Buybacks−2.72Dividends paid−1.80Fiscal year 2025Operating cash flow7.07Capital expenditure−0.67Free cash flow6.41 +389.8%Buybacks−0.58Dividends paid−2.38
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −3.65 35.71 −6.75 −3.08 29.10 53.68 −43.60 −17.44 1.77 7.07
Capital expenditure −0.91 −1.13 −0.62 −0.56 −0.38 −0.90 −0.64 −0.81 −0.46 −0.67
Free cash flow −4.56 34.58 −7.37 −3.64 28.72 52.78 −44.24 −18.25 1.31 6.41
Growth −121.3% +83.8% −183.8% +389.8%
Buybacks −0.03 0.09 0.02 −0.02 −0.00 −1.81 −2.05 −2.42 −2.72 −0.58
Dividends paid −1.70 −0.61 −0.80 −3.43 −0.38 −1.02 −3.21 −1.70 −1.80 −2.38

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash98.57Shareholders’ equity48.61Fiscal year 2017Cash122.61Shareholders’ equity48.33Fiscal year 2018Cash108.94Shareholders’ equity45.74Fiscal year 2019Cash100.59Shareholders’ equity43.55Fiscal year 2020Cash139.20Shareholders’ equity43.86Fiscal year 2021Cash190.71Shareholders’ equity41.80Fiscal year 2022Cash158.45Shareholders’ equity36.49Fiscal year 2023Cash118.82Shareholders’ equity37.16Fiscal year 2024Cash104.85Shareholders’ equity39.35Fiscal year 2025Cash95.43Shareholders’ equity42.60
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 98.57 122.61 108.94 100.59 139.20 190.71 158.45 118.82 104.85 95.43
Shareholders’ equity 48.61 48.33 45.74 43.55 43.86 41.80 36.49 37.16 39.35 42.60

In billions of GBP, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of GBP, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
15.95 16.06 16.66 18.16 13.45 12.70 16.57 25.38 29.32 30.24
Growth +0.7% +3.7% +9.0% −26.0% −5.5% +30.5% +53.1% +15.5% +3.1%
−4.08 2.24 3.36 3.98 −0.55 3.84 5.13 6.18 6.20 7.71
1.17 0.73 1.21 0.44 0.07 1.00 1.28 1.43 1.47 1.87
−5.25 1.51 2.15 3.80 −0.43 3.31 3.60 4.63 4.81 5.83
Growth +42.6% +76.7% −111.4% +8.5% +28.8% +3.9% +21.3%
Per share
−0.60 0.06 13.50 0.26 −0.07 0.27 0.34 0.48 0.54 0.68
−0.60 0.06 13.40 0.26 −0.07 0.27 0.34 0.48 0.53 0.67
Growth +21,169.8% −98.1% −125.9% +23.5% +42.0% +11.3% +26.9%
11,692 11,867 12,009 12,067 11,231 10,792 9,872 9,164 8,450 8,052
11,743 11,936 12,061 12,102 11,231 10,837 9,929 9,219 8,516 8,126
Growth +1.6% +1.0% +0.3% −7.2% −3.5% −8.4% −7.2% −7.6% −4.6%

Shown in GBP as filed; the screener converts to dollars.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 17.6% a year over five years.
  • The diluted share count fell 27.6% in five years, so buybacks did some of the work per share.
  • A net loss in 2 of 10 years on file.