Saturday 17 October 2026
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Northern Trust Corporation
NTRS Financial Asset Management
Northern Trust Corporation’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, down 9.92% from fiscal 2024. In the quarter to June 2026, revenue grew 17.0%, EPS grew 98.6%, free cash flow fell 113.3% and total debt fell 22.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years; insiders bought in the last twelve months.
165.16
0.28
−0.17%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
20.75 | 20.09 | 12.51 | 15.95 | 17.00 | 16.68 | 14.60 | 16.71 | 10.45 | 15.54 |
Piotroski F-Score |
5 | 7 | 6 | 6 | 6 | 7 | 5 | 6 | 4 | 7 |
P/S ratio |
3.97 | 3.97 | 2.80 | 3.31 | 3.08 | 3.84 | 2.41 | 1.45 | 1.30 | 1.83 |
P/FCF ratio |
19.68 | 18.20 | 14.79 | 11.44 | 14.52 | 29.60 | 11.21 | 9.02 | 0.00 | 5.49 |
P/Operating CF |
24.33 | 26.69 | 40.63 | 13.93 | 13.14 | 12.19 | 4.50 | 6.27 | (7.83) | 67.30 |
P/B ratio |
2.30 | 2.43 | 1.94 | 2.32 | 1.80 | 2.24 | 1.80 | 1.60 | 1.73 | 2.17 |
Price to Tangible BV |
2.44 | 2.60 | 2.08 | 2.50 | 1.92 | 2.39 | 1.93 | 1.71 | 1.84 | 2.30 |
EV/Sales |
(2.97) | (4.55) | (2.71) | (2.49) | (6.64) | (6.43) | (3.14) | (1.44) | (1.16) | (2.15) |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(10.12) | (15.12) | (10.20) | (6.61) | (22.07) | (30.78) | (10.17) | (6.63) | 37.79 | (5.57) |
EV/FCF |
(14.74) | (20.85) | (14.30) | (8.61) | (31.33) | (49.63) | (14.58) | (8.93) | 14.92 | (6.47) |
Quick Ratio |
0.36 | 0.43 | 0.35 | 0.38 | 0.44 | 0.43 | 0.36 | 0.33 | 0.35 | 0.42 |
Current Ratio |
0.68 | 0.71 | 0.64 | 0.65 | 0.68 | 0.69 | 0.69 | 0.71 | 0.68 | 0.69 |
Net Debt/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Debt/Assets |
2.51% | 2.33% | 2.57% | 2.92% | 2.70% | 1.99% | 3.09% | 4.54% | 4.41% | 3.86% |
Debt/Equity |
0.32 | 0.32 | 0.32 | 0.36 | 0.39 | 0.30 | 0.43 | 0.57 | 0.54 | 0.53 |
Asset Turnover |
0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 | 0.08 | 0.10 | 0.09 |
Operating CF/Net income |
1.52 | 1.52 | 1.17 | 1.81 | 1.66 | 0.91 | 1.87 | 2.49 | (0.25) | 3.30 |
Capex/Depreciation |
(1.00) | (0.90) | (0.91) | (1.15) | (0.95) | (0.84) | (1.18) | (1.06) | (1.09) | (1.09) |
| 11.51% | 12.41% | 15.93% | 14.70% | 11.07% | 13.59% | 11.93% | 9.86% | 17.21% | 14.01% | |
| 0.82% | 0.86% | 1.12% | 1.06% | 0.74% | 0.84% | 0.76% | 0.69% | 1.29% | 1.01% | |
ROIC |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
(2.96%) | (3.22%) | (3.72%) | (3.54%) | (2.42%) | (2.92%) | (3.11%) | (2.88%) | (4.69%) | (3.62%) |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
66.97% | 65.46% | 60.11% | 59.88% | 70.99% | 68.65% | 64.44% | 43.81% | 35.47% | 40.19% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(1.99) | (1.86) | (2.55) | (2.18) | (2.98) | (2.38) | (2.75) | (2.81) | (2.60) | (2.24) |
Graham Number |
61.61 | 67.49 | 80.52 | 82.81 | 79.96 | 92.90 | 83.02 | 77.93 | 114.26 | 111.70 |
Earnings Yield |
4.82% | 4.98% | 7.99% | 6.27% | 5.88% | 5.99% | 6.85% | 5.99% | 9.57% | 6.44% |
Free Cash Flow Yield |
5.08% | 5.50% | 6.76% | 8.74% | 6.89% | 3.38% | 8.92% | 11.09% | (5.97%) | 18.21% |
Revenue per Share |
22.60 | 25.04 | 29.84 | 32.14 | 30.25 | 31.18 | 37.21 | 58.46 | 78.88 | 74.73 |
Operating CF per Share |
6.64 | 7.54 | 7.92 | 12.08 | 9.11 | 6.52 | 11.48 | 12.67 | (2.41) | 28.92 |
Capex per Share |
(2.08) | (2.07) | (2.27) | (2.80) | (2.69) | (2.48) | (3.47) | (3.26) | (3.70) | (4.05) |
Free Cash Flow per Share |
4.55 | 5.47 | 5.65 | 9.29 | 6.42 | 4.04 | 8.01 | 9.41 | (6.12) | 24.87 |
Cash per Share |
170.41 | 227.52 | 179.66 | 204.80 | 316.16 | 337.74 | 229.58 | 201.89 | 227.80 | 333.31 |
Shareholders Equity per Share |
42.93 | 44.76 | 47.09 | 51.70 | 56.11 | 57.75 | 54.05 | 57.41 | 63.54 | 67.72 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
42.93 | 44.76 | 47.09 | 51.70 | 56.11 | 57.75 | 54.05 | 57.41 | 63.54 | 67.72 |
Free Cash Flow |
1,036.60 | 1,247.60 | 1,261.50 | 1,992.20 | 1,336.40 | 840.90 | 1,668.90 | 1,949.80 | (1,231.50) | 4,759.30 |
Working Capital |
(33,953.50) | (35,520.09) | (41,046.00) | (40,821.80) | (47,605.70) | (51,498.00) | (41,734.80) | (37,083.20) | (42,561.79) | (46,834.50) |
Capital Expenditures |
(473.40) | (472.80) | (506.00) | (599.80) | (560.40) | (515.10) | (723.50) | (675.80) | (745.50) | (774.20) |
Net Current Asset Value |
(40,670.30) | (42,332.39) | (47,589.20) | (49,651.20) | (57,731.80) | (59,326.70) | (51,523.50) | (49,406.50) | (53,656.59) | (58,620.00) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.09 | 0.08 | 0.08 | 0.09 | 0.09 | 0.08 | 0.09 | 0.06 | 0.05 | 0.05 |
Price to Operating Income |
13.45 | 13.89 | 9.53 | 11.72 | 11.92 | 12.38 | 10.59 | 12.01 | 7.76 | 11.17 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.02 | 1.13 | 1.30 | 1.08 | 1.14 | 1.26 | 1.22 | 1.27 | 1.39 | 1.53 |
Cash ROIC |
2.01% | 1.91% | 2.34% | 3.38% | 1.63% | 0.98% | 2.61% | 3.22% | (1.88%) | 5.69% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.04 | 0.06 | 0.05 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
203,861.93 | 120,583.90 | 54,589.00 | 48,453.79 | 262,184.07 | 2,452,683.45 | 45,669.07 | 7,935.59 | 5,893.87 | 8,388.24 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
99,260.30 | 107,021.25 | 108,443.80 | 106,808.70 | 126,499.30 | 151,903.20 | 141,930.25 | 120,048.05 | 119,323.35 | 132,640.20 |
Average Assets |
120,338.25 | 131,258.70 | 135,401.50 | 134,520.45 | 153,416.15 | 176,946.85 | 169,463.25 | 152,909.90 | 153,145.75 | 166,320.55 |
Average Common Equity |
8,602.90 | 9,111.30 | 9,480.25 | 9,721.95 | 10,310.50 | 10,967.65 | 10,753.25 | 10,693.80 | 11,458.25 | 11,988.25 |
Columns are period end dates