NWG
NatWest Group plcNatWest Group plc reported revenue of £30.24B in its most recent fiscal year, up 3.1% on the year before. It kept 19.3% of that as net income, and generated £6.41B of free cash flow. Figures below are compared against other companies classified under Commercial Banks, NEC.
Grades vs. industry
Growth
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Revenue growth (YoY) Latest fiscal year revenue vs. the year before. | 3.1% | 11.1% | 16 / 18 |
Revenue growth (3y) Annualized revenue growth over three fiscal years. | 22.2% | 11.4% | 6 / 17 |
Revenue growth (5y) Annualized revenue growth over five fiscal years. | 17.6% | 8.8% | 6 / 18 |
EPS growth (YoY) Diluted EPS vs. the prior fiscal year. | 26.9% | 18.7% | 7 / 26 |
EPS growth (3y) Annualized diluted EPS growth over three fiscal years. | 26.1% | 8.5% | 4 / 24 |
EPS growth (5y) Annualized diluted EPS growth over five fiscal years. | Not reported | 12.5% | — |
Free cash flow growth (YoY) Operating cash flow less capital expenditure, vs. prior year. | 389.8% | -5.2% | 1 / 19 |
Free cash flow growth (3y) Annualized free cash flow growth over three fiscal years. | Not reported | 10.5% | — |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Profitability
| Metric | Company | Industry median | Rank |
|---|---|---|---|
Gross margin Gross profit as a share of revenue. Often unreported. | Not reported | — | — |
Operating margin Operating income as a share of revenue. | Not reported | — | — |
Net margin Net income as a share of revenue. | 19.3% | 24.3% | 13 / 18 |
Free cash flow margin Free cash flow as a share of revenue. | 21.2% | 21.2% | 7 / 13 |
Return on equity Net income divided by shareholder equity. | 13.7% | 13.1% | 14 / 31 |
Return on assets Net income divided by total assets. | 0.8% | 1.0% | 19 / 31 |
Return on invested capital After-tax operating profit over debt plus equity less cash. | Not reported | 33.9% | — |
top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.
“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.
Annual financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £30.24B | £29.32B | £25.38B | £16.57B | £12.70B | £13.45B | £18.16B | £16.66B | £16.06B | £15.95B |
| Net income | £5.83B | £4.81B | £4.63B | £3.60B | £3.31B | -£434.00M | £3.80B | £2.15B | £1.51B | -£5.25B |
| EPS (diluted) | £0.67 | £0.53 | £0.48 | £0.34 | £0.27 | -£0.07 | £0.26 | n/c | n/c | n/c |
| Operating cash flow | £7.07B | £1.77B | -£17.44B | -£43.60B | £53.68B | £29.09B | -£3.08B | -£6.75B | £35.71B | -£3.65B |
| Capital expenditure | £665.00M | £464.00M | £811.00M | £639.00M | £901.00M | £376.00M | £559.00M | £619.00M | £1.13B | £912.00M |
| Free cash flow | £6.41B | £1.31B | -£18.25B | -£44.24B | £52.78B | £28.72B | -£3.64B | -£7.37B | £34.58B | -£4.56B |
| Total assets | £714.55B | £707.99B | £692.67B | £720.05B | £781.99B | £799.49B | £723.04B | £694.24B | £738.06B | £798.66B |
| Shareholder equity | £42.61B | £39.38B | £37.19B | £36.50B | £41.80B | £43.82B | £43.56B | £46.49B | £49.09B | £49.40B |
| Cash | £95.43B | £104.84B | £118.82B | £158.45B | £190.71B | £139.20B | £100.59B | £108.94B | £122.61B | £98.57B |
A dash means the figure was not tagged in that year’s filing. It does not mean zero. Figures reflect the most recent filing covering each period, so restated years show their restated values.
Amounts are in GBP, as the company reports them. Nothing here is converted to dollars, so these figures cannot be compared directly against a company reporting in another currency. Margins, returns and other ratios are unaffected.
n/c marks per-share figures that are not comparable. Companies report each year as their filings stated it, and an annual report restates only its two prior years — so after a stock split, older years remain on the pre-split share count. Totals above are unaffected.
Source
Figures come from NatWest Group plc’s filings with the SEC, as submitted in XBRL. The most recent annual figures are from a 20-F filed Feb 17, 2026. View filings on EDGAR.