NatWest Group plc NWG NYSE

NatWest Group plc (NWG) generated $7.07B in operating cash flow for fiscal year 2025. After capital expenditures of $1.28B, free cash flow was $5.79B.

Free cash flow margin was 19.6% of revenue. Cash conversion ratio was 0.92x, suggesting some earnings are non-cash.

The company returned $2.38B in dividends and $2.56B in share buybacks to shareholders during the period.

Criteria supported by this page:

• HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (69/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (70/100) — Cash conversion ratio was 0.92x suggests some earnings are non-cash items

Overall SharesGrow Score: 64/100 with 4/7 criteria passed.