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NatWest Group
(NYSE:NWG)
NatWest Group (NWG) vs. SPDR S&P 500 ETF (SPY)
NatWest Group Business Overview & Revenue Model
NatWest Group Key Performance Indicators (KPIs)
Shows revenue generation across different business areas, helping investors understand which segments contribute most to the company’s top line.
The FlyNatWest Group Earnings Call Summary
NatWest Group Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.28B | 28.57B | 14.17B | 12.98B | 11.75B | 13.08B |
| Gross Profit | 15.49B | 14.65B | 14.17B | 12.98B | 10.34B | 10.76B |
| EBITDA | 7.86B | 7.25B | 7.12B | 5.96B | 4.77B | 361.00M |
| Net Income | 5.25B | 4.80B | 4.64B | 3.59B | 3.27B | -372.00M |
Balance Sheet | ||||||
| Total Assets | 730.78B | 707.99B | 692.67B | 720.05B | 781.99B | 799.49B |
| Cash, Cash Equivalents and Short-Term Investments | 90.71B | 93.05B | 104.52B | 145.06B | 261.23B | 209.81B |
| Total Debt | 69.96B | 65.92B | 60.07B | 39.93B | 58.33B | 56.53B |
| Total Liabilities | 688.80B | 668.61B | 655.49B | 683.56B | 740.19B | 755.67B |
| Stockholders Equity | 41.96B | 39.35B | 37.16B | 36.49B | 41.80B | 43.86B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 694.00M | -14.92B | -44.24B | 52.79B | 28.72B |
| Operating Cash Flow | 0.00 | 1.77B | -13.37B | -43.60B | 53.69B | 29.09B |
| Investing Cash Flow | 0.00 | -12.70B | -14.69B | 19.06B | 3.06B | 7.55B |
| Financing Cash Flow | 0.00 | -1.89B | -23.52B | -10.65B | -2.60B | 90.00M |
NatWest Group Technical Analysis
NatWest Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $69.50B | 10.03 | 14.58% | 3.72% | 7.43% | 30.31% | |
78 Outperform | $270.23B | 16.45 | 8.66% | 4.17% | -9.54% | -22.46% | |
77 Outperform | $87.59B | 11.52 | 9.44% | 1.73% | 17.50% | 49.25% | |
76 Outperform | $133.87B | 11.62 | 18.00% | 3.29% | 7.52% | 10.40% | |
72 Outperform | $82.73B | 12.51 | 11.71% | 4.18% | 2.20% | -0.17% | |
72 Outperform | $173.73B | 11.66 | 12.54% | 1.87% | -15.34% | 16.71% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
NatWest Group Corporate Events
On October 24, 2025, NatWest Group plc announced the purchase of 269,316 of its own ordinary shares as part of its ongoing share buyback program. These transactions, executed through Merrill Lynch International, are part of a strategy to enhance shareholder value by reducing the number of shares in circulation. The company plans to cancel the repurchased shares, which will impact its treasury holdings and total shares in issue. This move is expected to strengthen NatWest’s market position by optimizing its capital structure and potentially increasing the value of remaining shares.
On October 24, 2025, NatWest Group plc announced the publication of a Fourth Supplementary Prospectus for its £40 billion Euro Medium Term Note Programme, initially established on December 6, 2024. This development, approved by the Financial Conduct Authority, signifies a strategic move to enhance NatWest’s financial instruments and market offerings, potentially impacting its stakeholders by providing more investment opportunities and reinforcing its position in the financial market.
NatWest Group reported a strong financial performance in the third quarter of 2025, with total income rising to £4.2 billion and an attributable profit of £1.6 billion. The bank’s strategic focus on growth and simplification has led to increased lending, stable deposits, and a significant improvement in efficiency, as evidenced by a 5% reduction in the cost:income ratio. The bank’s capital generation and active balance sheet management have positioned it well for future growth, with a Common Equity Tier 1 ratio of 14.2%.
On October 24, 2025, NatWest Group released a report highlighting the inherent risks and uncertainties associated with its forward-looking statements, particularly concerning its financial and sustainability targets. The company emphasized the challenges in achieving its strategic goals due to economic, political, and regulatory factors, as well as the evolving nature of climate-related disclosures. This announcement underscores the complexities NatWest faces in aligning its operations with its ambitious net-zero and financial performance objectives, potentially impacting stakeholder expectations and market positioning.
On October 23, 2025, NatWest Group plc announced the purchase of 919,632 of its own ordinary shares from Merrill Lynch International as part of its ongoing share buyback program. The shares, bought at a volume-weighted average price of 546.81 GBp, will be canceled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares, thereby impacting shareholder value positively.
On September 26, 2025, NatWest Group plc announced the purchase of 188,115 ordinary shares as part of its ongoing share buyback program. The shares were acquired from Merrill Lynch International at a volume-weighted average price of 515.52 GBp per share. This transaction is part of a previously announced buyback initiative from July 2025, aimed at enhancing shareholder value by reducing the number of shares in circulation. Following this transaction, NatWest will hold 230,987,739 shares in treasury, with 8,042,259,240 shares remaining in issue.
On September 25, 2025, NatWest Group plc announced the purchase of 2,303,035 of its own ordinary shares as part of its ongoing share buyback program. The shares were acquired from Merrill Lynch International at prices ranging from 505.20 GBp to 514.60 GBp, with a volume-weighted average price of 507.24 GBp. This transaction is part of the company’s strategy to manage its capital structure and enhance shareholder value by reducing the number of shares in circulation. The repurchased shares will be canceled, leaving NatWest with 230,987,739 shares in treasury and 8,042,447,355 shares in issue.
On September 24, 2025, NatWest Group plc announced the purchase of 919,577 ordinary shares as part of its ongoing share buyback program. This transaction, executed through Merrill Lynch International, is part of a strategy announced in July 2025 to enhance shareholder value by reducing the number of shares in circulation. The repurchased shares will be canceled, which is expected to impact the company’s capital structure by increasing the value of remaining shares. This move reflects NatWest’s commitment to returning capital to shareholders and maintaining a strong market position.
On September 16, 2025, NatWest Group plc announced the purchase of 702,602 ordinary shares as part of its ongoing share buyback program. These shares, acquired from Merrill Lynch International, will be canceled, reducing the total number of shares in circulation and potentially enhancing shareholder value.
On 12 September 2025, NatWest Group plc announced that several individuals holding managerial responsibilities within the company acquired ordinary shares through the reinvestment of dividends. This transaction, which took place on the London Stock Exchange, aligns with the company’s policy for shareholding by the Chairman and Non-executive Directors. This move reflects the company’s ongoing commitment to aligning the interests of its leadership with those of its shareholders, potentially strengthening stakeholder confidence in the company’s governance practices.
On September 16, 2025, NatWest Group plc announced that its CEO, Paul Thwaite, will participate in a fireside chat at the Bank of America Financials Conference. This engagement reflects NatWest’s ongoing efforts to maintain a strong presence in the financial industry and engage with key stakeholders, potentially impacting its market positioning and investor relations.
On September 15, 2025, NatWest Group plc announced the purchase of 70,161 ordinary shares as part of its ongoing share buyback program. These shares, acquired from Merrill Lynch International, are intended to be canceled, reducing the total number of shares in circulation. This transaction aligns with the company’s strategy to enhance shareholder value and optimize its capital structure.