NWG
NatWest Group plc
There isn't enough reported data to score NWG yet.
NWG Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| N/A | |
| N/A |
NWG's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like NWG.
NWG PE Valuation
NWG has no meaningful PE right now: it lost money over the past year.
NWG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Growth | |
| -- | |
| Limited | |
| -- |
Analysts expect NWG's revenue to grow, but its earnings to decline.
NWG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $2.11 | +27% |
| Q2 2025 | $2.01 | +26% |
| Q1 2025 | $1.96 | +37% |
| Q4 2024 | $1.66 | +4.4% |
| Q2 2024 | $1.59 | +6.7% |
| Q1 2024 | $1.43 | -0.7% |
| Q4 2023 | $1.59 | +33% |
| Q4 2022 | $1.20 | +233% |
NWG's earnings per share have climbed steadily: $2.11 over the past year, up 33% from the year before, and higher year over year for 10 quarters in a row.
NWG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $20.4B | +2.5% |
| Q2 2025 | $9.7B | +1.8% |
| Q1 2025 | $9.7B | +5.7% |
| Q4 2024 | $19.9B | +113% |
| Q2 2024 | $9.5B | +18% |
| Q1 2024 | $9.2B | +26% |
| Q4 2023 | $9.3B | +1.3% |
| Q2 2023 | $8B | +61% |
NWG's revenue has grown year over year for five quarters in a row: $20.4B last quarter, up 115% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 27% | +3 points |
| Q2 2025 | 24% | +5.1 points |
| Q1 2025 | 25% | -12 points |
| Q4 2024 | 21% | -8.2 points |
| Q2 2024 | 24% | -9.4 points |
| Q1 2024 | 19% | -17 points |
| Q4 2023 | 37% | +0.2 points |
| Q2 2023 | 29% | -6.5 points |
NWG's operating margin was 27% last quarter, up 3 points from the same quarter a year ago.
NWG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q2 2024 | $0 | $0 |
| Q1 2024 | $0 | $0 |
| Q2 2023 | $0 | $0 |
| Q1 2023 | $0 | $0 |
| Q2 2020 | $0 | $0 |
| Q1 2020 | $0 | $0 |
NWG's free cash flow was $0 over the past year, against $0 the year before. Free cash flow isn't a meaningful measure for financial services companies like NWG.
NWG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -17% | -407M shares |
| 3 years | -27% | -760M shares |
NWG has 2B diluted shares, down 17% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q2 2022 | — |
NWG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | -2.6x | Net Cash |
| Q1 2025 | -11.9x | Net Cash |
| Q2 2024 | -8.1x | Net Cash |
| Q1 2024 | -16.5x | Net Cash |
| Q4 2023 | -15.9x | Net Cash |
| Q2 2023 | -8.9x | Net Cash |
| Q1 2023 | -17.8x | Net Cash |
| Q4 2022 | -25.6x | Net Cash |
NWG has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NWG.
NWG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.5 | Neutral |
| Stochastic | 7.1 | Oversold |
NWG's weekly RSI is 39 (neutral) and its Stochastic is 7 (oversold).
NWG PE vs Financial Services Sector
NWG has no meaningful PE right now: it lost money over the past year.
NWG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $16.8 | 6.4% below |
| 20 week MA | $17.8 | 12% below |
| 50 week MA | $17.0 | 7.3% below |
| 100 week MA | $15.1 | 4.4% above |
| 200 week MA | $11.1 | 42% above |
NWG has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 42% above its 200-week average.
NWG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.84 | $4.80 | -30% |
| 2021 | $4.80 | $6.55 | +36% |
| 2022 | $6.55 | $6.48 | -1.1% |
| 2023 | $6.48 | $5.63 | -13% |
| 2024 | $5.63 | $10.2 | +80% |
| 2025 | $10.2 | $17.7 | +74% |
| 2026 YTD | $17.7 | $15.7 | -11% |
NWG has finished lower in three of the last six years. It's down 11% so far in 2026.