Annual ReportFinancial Services

NatWest Group plc

NWG.L · Period ending 2025-12-31 · Filed 2025-12-31 · Updated

In short

NatWest Group plc (NWG.L) has revenue up 13.3% to GBP 16.6B and net income up 21.4% to GBP 5.8B year on year. Its net margin is 35.1%, and it trades at 8.5× trailing earnings. Fisclear found no medium- or high-severity risk flags in this filing. How we calculate this

Valuation

Financial Services
Live · Yahoo Finance

Price

643p

Market Cap

£50.9B

P/E (TTM)

8.7x

Price ÷ earnings per share

P/B

1.3x

Price ÷ book value

P/S (TTM)

3.0x

Price ÷ revenue per share

Beta

0.82

Moderate market correlation

PEG Ratio

1.4x

P/E ÷ earnings growth rate

52-Week Range

504p643p now726p

4-engine score — Quality and Peers engines require SEC EDGAR (US stocks only)

Efficiency
50/100
Value
73/100
Cashflow
75/100
Regime
50/100

P/E 8.7× — low multiple.

FCF yield 11.4% — 6.4pp above risk-free.

FCF yield 11.4% — strong cash generation.

Based on filing period ending Dec 2025

International FisclearScore uses 4 engines (no EDGAR data). Based on Yahoo Finance & Alpha Vantage reported financials. Not financial advice.

NWG.L vs

🇬🇧 United Kingdom Macro Indicators

Full dashboard →

10-Year Yield

4.99%↑

GBP/USD

1.32→

The 10-year government bond yield is 4.99%; GBP/USD is at 1.3234.

SWOT Analysis — NWG.L

Inflationary Boom
✦

Strengths

  • Operating Cash Flow: GBP 7.1B (+299.1% YoY) — Operating cash flow grew 299% — the business generated more cash from day-to-day operations.

  • EPS (Diluted): GBP 0.67 (+26.9% YoY) — Earnings per share rose 27% — each share earned more.

  • Net Income: GBP 5.8B (+21.4% YoY) — Profit grew 21% — the company kept more of each dollar earned.

  • Revenue: GBP 16.6B (+13.3% YoY) — Revenue grew 13% — the company sold more goods or services than the prior year.

◈

Weaknesses

No material weaknesses flagged.

◎

Opportunities

  • Total Assets: GBP 714.6B (+0.9% YoY) — Total assets grew 1% — the company's resource base expanded.

⚠

Threats

No significant threats flagged.

Financial Charts

Revenue vs Net Income

Margin Trend

Year-over-Year Changes

Operating Cash Flow

GBP 7.1B

was GBP 1.8B

+299.1%

Operating cash flow grew 299% — the business generated more cash from day-to-day operations.

EPS (Diluted)

GBP 0.67

was GBP 0.53

+26.9%

Earnings per share rose 27% — each share earned more.

Net Income

GBP 5.8B

was GBP 4.8B

+21.4%

Profit grew 21% — the company kept more of each dollar earned.

Revenue

GBP 16.6B

was GBP 14.7B

+13.3%

Revenue grew 13% — the company sold more goods or services than the prior year.

Total Assets

GBP 714.6B

was GBP 708.0B

+0.9%

Total assets grew 1% — the company's resource base expanded.

Price HistoryGBP

Technical Signals

Daily closes · 1-year data

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External Links

Research NatWest Group plc

Data sourced from London Stock Exchange (LSE), FRED (Federal Reserve), OECD, BIS, and Yahoo Finance. For informational purposes only. Not financial advice.