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.
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Northern Trust Corporation (NTRS) Price to free cash flow
Northern Trust Corporation has no meaningful price to free cash flow: its trailing twelve-month free cash flow is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 94.5× (October 2021) — the current reading is the lowest in ten years.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 5.5× | — |
| FY2024 | 0.0× | — |
| FY2023 | 9.0× | (19.50%) |
| FY2022 | 11.2× | (62.14%) |
| FY2021 | 29.6× | 103.85% |
| FY2020 | 14.5× | 26.91% |
| FY2019 | 11.4× | (22.63%) |
| FY2018 | 14.8× | (18.74%) |
| FY2017 | 18.2× | (7.54%) |
| FY2016 | 19.7× | 64.64% |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 15.7× | 185.11% |
| Dec 2025 | 5.5× | (63.19%) |
| Sep 2025 | 14.9× | 7.40% |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| PFG Principal Financial Group, Inc. compare | n/m |
| NTRS Northern Trust Corporation | n/m |
| AMP Ameriprise Financial, Inc. compare | 5.7× |
| TPG TPG Inc. compare | 7.6× |
| TROW T. Rowe Price Group, Inc. compare | 12.9× |
| RJF Raymond James Financial, Inc. compare | 21.1× |
| STT State Street Corporation compare | 22.5× |
| ARES Ares Management Corporation compare | 30.4× |
| BEN Franklin Resources Inc compare | 68.9× |
| Asset Management industry median | 8.3× |
| Financial sector median | 9.9× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on NTRS
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement