Friday 6 November 2026 Export NTRS’s income statement to Excel — free account

Northern Trust Corporation

Northern Trust Corporation’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, down 9.92% from fiscal 2024.

Revenue: +3.27%
EPS: +48.7%
Free cash flow: +366.4%
Total debt: −23.4%

Quarter to September 2026, against a year earlier

173.57 2.18 +1.27%

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Market cap: $31.0B
P/E: 13.4×
Fwd P/E: 12.6×
Dividend yield: 1.91%
F-score: 7/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Northern Trust Corporation (NTRS) Price to free cash flow

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As of 5 November 2026, Northern Trust Corporation (NTRS) trades at a price to free cash flow of 28.6×. Over the past ten years it has ranged from 0.0× (September 2026) to 94.5× (October 2021); the current reading is higher than 89% of that period. That is above the Asset Management industry median of 7.8× and above the Financial sector median of 9.7×.

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<iframe src="https://stockrow.com/embed/NTRS/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Northern Trust Corporation price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NTRS/metrics/price-to-free-cash-flow">Northern Trust Corporation (NTRS) price to free cash flow — stockrow.com</a></p>

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%

Period	Price to free cash flow	Change
Sep 2026	28.2×	—
Jun 2026	0.0×	—
Mar 2026	15.7×	185.11%
Dec 2025	5.5×	(63.19%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 94.5×

Ten-year median 11.6×

Current reading's percentile 89

Company	Price to free cash flow
PS Pershing Square Inc. compare	n/m
STT State Street Corporation compare	n/m
PFG Principal Financial Group, Inc. compare	n/m
AMP Ameriprise Financial, Inc. compare	6.3×
TPG TPG Inc. compare	12.6×
TROW T. Rowe Price Group, Inc. compare	14.5×
RJF Raymond James Financial, Inc. compare	22.0×
NTRS Northern Trust Corporation	28.6×
ARES Ares Management Corporation compare	36.4×
Asset Management industry median	7.8×
Financial sector median	9.7×
Market median	14.1×

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)))

The full definition of Price to free cash flow →

Northern Trust Corporation (NTRS) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on NTRS

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