NatWest Group plc NWG

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16.55 USD +1.07 (+6.91%)

At closeNov 4, 2026, 4:01 PM EST

16.55 0.00 0.00%

After hours · Nov 4, 4:01 PM ET

16.28 Day range 16.61
13.76 52-week range 19.42
YTD
-5.43%
1 year
+8.60%

Financial health

Altman Z-Score

0.25 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B3 / 5 overall

  • DCF 1
  • Return on Equity 4
  • Return on Assets 2
  • Debt / Equity 2
  • P/E 4
  • P/B 4

Valuation

P/E 4.8×
FY 2016: -1.9×FY 2017: 22.5×FY 2018: 8.4×FY 2019: 4.7×FY 2020: -10.6×FY 2021: 4.5×FY 2022: 3.9×FY 2023: 2.3×FY 2024: 3.8×FY 2025: 4.8×
FY 2016 5y median 3.9× FY 2025
P/S 0.9×
FY 2016: 0.9×FY 2017: 1.1×FY 2018: 0.8×FY 2019: 1.0×FY 2020: 0.8×FY 2021: 1.1×FY 2022: 0.8×FY 2023: 0.4×FY 2024: 0.6×FY 2025: 0.9×
FY 2016 5y median 0.8× FY 2025
P/B 0.6×
FY 2016: 0.3×FY 2017: 0.3×FY 2018: 0.3×FY 2019: 0.3×FY 2020: 0.2×FY 2021: 0.3×FY 2022: 0.4×FY 2023: 0.3×FY 2024: 0.4×FY 2025: 0.6×
FY 2016 5y median 0.4× FY 2025
P/FCF 4.5×
FY 2016: -2.9×FY 2017: 0.4×FY 2018: -15.5×FY 2019: -3.4×FY 2020: 0.3×FY 2021: 0.2×FY 2022: -0.3×FY 2023: -0.5×FY 2024: 24.7×FY 2025: 4.5×
FY 2016 5y median 0.2× FY 2025
EV/EBITDA 1.4×
FY 2016: 4.6×FY 2017: -12.4×FY 2018: -6.3×FY 2019: -1.8×FY 2020: -161×FY 2021: -22.3×FY 2022: -12.8×FY 2023: -4.8×FY 2024: -1.4×FY 2025: 1.4×
FY 2016 5y median -4.8× FY 2025
EV/Sales 0.4×
FY 2016: -1.0×FY 2017: -2.6×FY 2018: -1.6×FY 2019: -0.6×FY 2020: -4.4×FY 2021: -8.8×FY 2022: -4.7×FY 2023: -1.4×FY 2024: -0.3×FY 2025: 0.4×
FY 2016 5y median -1.4× FY 2025
FCF Yield 22.1%
FY 2016: -34.8%FY 2017: 224.1%FY 2018: -6.4%FY 2019: -29.0%FY 2020: 287.0%FY 2021: 402.7%FY 2022: -335.6%FY 2023: -186.2%FY 2024: 4.0%FY 2025: 22.1%
FY 2016 5y median 4.0% FY 2025

Profitability

Gross Margin 56.3%
FY 2016: 82.9%FY 2017: 86.1%FY 2018: 84.8%FY 2019: 77.9%FY 2020: 82.3%FY 2021: 85.9%FY 2022: 82.7%FY 2023: 59.7%FY 2024: 51.3%FY 2025: 56.3%
FY 2016 5y median 59.7% FY 2025
Operating Margin 26.1%
FY 2016: -27.4%FY 2017: 15.2%FY 2018: 21.3%FY 2019: 26.5%FY 2020: -4.2%FY 2021: 31.9%FY 2022: 31.8%FY 2023: 25.0%FY 2024: 21.7%FY 2025: 26.1%
FY 2016 5y median 26.1% FY 2025
Net Margin 19.8%
FY 2016: -35.3%FY 2017: 10.0%FY 2018: 13.7%FY 2019: 23.5%FY 2020: -2.8%FY 2021: 27.1%FY 2022: 22.2%FY 2023: 18.7%FY 2024: 16.8%FY 2025: 19.8%
FY 2016 5y median 19.8% FY 2025
ROE 13.7%
FY 2016: -10.8%FY 2017: 3.0%FY 2018: 4.7%FY 2019: 8.1%FY 2020: -0.8%FY 2021: 7.8%FY 2022: 9.8%FY 2023: 12.5%FY 2024: 12.2%FY 2025: 13.7%
FY 2016 5y median 12.2% FY 2025
ROIC 2.5%
FY 2016: -5.6%FY 2017: 0.7%FY 2018: 2.5%FY 2019: 1.2%FY 2020: -0.2%FY 2021: 1.1%FY 2022: 1.7%FY 2023: 2.1%FY 2024: 2.1%FY 2025: 2.5%
FY 2016 5y median 2.1% FY 2025
ROA 0.8%
FY 2016: -0.7%FY 2017: 0.2%FY 2018: 0.3%FY 2019: 0.5%FY 2020: -0.0%FY 2021: 0.4%FY 2022: 0.5%FY 2023: 0.7%FY 2024: 0.7%FY 2025: 0.8%
FY 2016 5y median 0.7% FY 2025

Growth (YoY)

Revenue 3.2%
FY 2016: -7.3%FY 2017: -1.0%FY 2018: 6.6%FY 2019: -4.4%FY 2020: -13.1%FY 2021: -8.0%FY 2022: 34.1%FY 2023: 53.3%FY 2024: 15.4%FY 2025: 3.2%
FY 2016 FY 2025
Operating Income 24.4%
FY 2016: -51.0%FY 2017: 154.9%FY 2018: 50.0%FY 2019: 18.6%FY 2020: -113.9%FY 2021: 795.1%FY 2022: 33.5%FY 2023: 20.4%FY 2024: 0.3%FY 2025: 24.4%
FY 2016 FY 2025
EPS (diluted) 27.4%
FY 2016: -255.6%FY 2017: 110.6%FY 2018: 106.5%FY 2019: 100.0%FY 2020: -130.1%FY 2021: 420.7%FY 2022: 25.9%FY 2023: 44.1%FY 2024: 8.2%FY 2025: 27.4%
FY 2016 FY 2025
Free Cash Flow 734.3%
FY 2016: -3479.3%FY 2017: 924.4%FY 2018: -102.3%FY 2019: -402.0%FY 2020: 775.4%FY 2021: 83.8%FY 2022: -183.8%FY 2023: 57.1%FY 2024: 103.7%FY 2025: 734.3%
FY 2016 FY 2025

Financial Health

Current Ratio 0.2×
FY 2016: 0.2×FY 2017: 0.9×FY 2018: 0.4×FY 2019: 0.3×FY 2020: 0.4×FY 2021: 0.5×FY 2022: 0.3×FY 2023: 0.2×FY 2024: 0.2×FY 2025: 0.2×
FY 2016 5y median 0.2× FY 2025
Quick Ratio 0.2×
FY 2016: 1.3×FY 2017: 2.6×FY 2018: 1.7×FY 2019: 0.3×FY 2020: 0.4×FY 2021: 0.5×FY 2022: 0.3×FY 2023: 0.2×FY 2024: 0.2×FY 2025: 0.2×
FY 2016 5y median 0.2× FY 2025
Debt / Equity 1.7×
FY 2016: 1.0×FY 2017: 0.9×FY 2018: 1.1×FY 2019: 1.3×FY 2020: 1.3×FY 2021: 1.4×FY 2022: 1.5×FY 2023: 1.6×FY 2024: 1.7×FY 2025: 1.7×
FY 2016 5y median 1.6× FY 2025
Net Debt / EBITDA -1.5×
FY 2016: 8.7×FY 2017: -17.9×FY 2018: -9.4×FY 2019: -4.6×FY 2020: -189×FY 2021: -25.1×FY 2022: -15.0×FY 2023: -6.2×FY 2024: -3.7×FY 2025: -1.5×
FY 2016 5y median -6.2× FY 2025
Interest Coverage 0.6×
FY 2016: -1.6×FY 2017: 1.1×FY 2018: 1.4×FY 2019: 1.2×FY 2020: -0.2×FY 2021: 2.3×FY 2022: 1.8×FY 2023: 0.6×FY 2024: 0.4×FY 2025: 0.6×
FY 2016 5y median 0.6× FY 2025

Dividends

Dividend Yield 9.1%
FY 2016: 3.8%FY 2017: 3.6%FY 2018: 6.1%FY 2019: 23.4%FY 2020: 3.8%FY 2021: 7.8%FY 2022: 24.3%FY 2023: 16.7%FY 2024: 10.5%FY 2025: 9.1%
FY 2016 5y median 10.5% FY 2025
Payout Ratio 40.7%
FY 2016: -9.6%FY 2017: 41.5%FY 2018: 37.2%FY 2019: 96.8%FY 2020: -102.4%FY 2021: 31.1%FY 2022: 89.3%FY 2023: 36.7%FY 2024: 37.5%FY 2025: 40.7%
FY 2016 5y median 37.5% FY 2025

Annual · latest fiscal year ends 2025-12-31