NORTHERN TRUST CORP (NTRS) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:NTRS • US6658591044

147.48 USD
-3.32 (-2.2%)
At close: Feb 5, 2026
147.41 USD
-0.07 (-0.05%)
After Hours: 2/5/2026, 8:00:02 PM
Fundamental Rating

3

Overall NTRS gets a fundamental rating of 3 out of 10. We evaluated NTRS against 238 industry peers in the Capital Markets industry. While NTRS is still in line with the averages on profitability rating, there are concerns on its financial health. NTRS has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • NTRS had positive earnings in the past year.
  • NTRS had a positive operating cash flow in the past year.
  • NTRS had positive earnings in each of the past 5 years.
  • In multiple years NTRS reported negative operating cash flow during the last 5 years.
NTRS Yearly Net Income VS EBIT VS OCF VS FCFNTRS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B

1.2 Ratios

  • With a Return On Assets value of 0.98%, NTRS is not doing good in the industry: 68.91% of the companies in the same industry are doing better.
  • Looking at the Return On Equity, with a value of 12.88%, NTRS is in the better half of the industry, outperforming 71.85% of the companies in the same industry.
  • With a Return On Invested Capital value of 1.02%, NTRS is not doing good in the industry: 66.39% of the companies in the same industry are doing better.
  • Measured over the past 3 years, the Average Return On Invested Capital for NTRS is significantly below the industry average of 7.28%.
Industry RankSector Rank
ROA 0.98%
ROE 12.88%
ROIC 1.02%
ROA(3y)0.97%
ROA(5y)0.91%
ROE(3y)12.41%
ROE(5y)12.21%
ROIC(3y)1.07%
ROIC(5y)1%
NTRS Yearly ROA, ROE, ROICNTRS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • The Profit Margin of NTRS (12.22%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of NTRS has grown nicely.
  • With a Operating Margin value of 16.83%, NTRS perfoms like the industry average, outperforming 40.76% of the companies in the same industry.
  • NTRS's Operating Margin has improved in the last couple of years.
  • NTRS's Gross Margin of 57.99% is fine compared to the rest of the industry. NTRS outperforms 65.97% of its industry peers.
Industry RankSector Rank
OM 16.83%
PM (TTM) 12.22%
GM 57.99%
OM growth 3Y6.17%
OM growth 5Y1.82%
PM growth 3Y6.64%
PM growth 5Y2.3%
GM growth 3YN/A
GM growth 5YN/A
NTRS Yearly Profit, Operating, Gross MarginsNTRS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80 100

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • NTRS has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for NTRS has been reduced compared to 5 years ago.
  • NTRS has a worse debt/assets ratio than last year.
NTRS Yearly Shares OutstandingNTRS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
NTRS Yearly Total Debt VS Total AssetsNTRS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B

2.2 Solvency

  • Based on the Altman-Z score of -0.61, we must say that NTRS is in the distress zone and has some risk of bankruptcy.
  • NTRS has a Altman-Z score of -0.61. This is amonst the worse of the industry: NTRS underperforms 83.19% of its industry peers.
  • NTRS has a debt to FCF ratio of 88.33. This is a negative value and a sign of low solvency as NTRS would need 88.33 years to pay back of all of its debts.
  • NTRS has a Debt to FCF ratio (88.33) which is comparable to the rest of the industry.
  • NTRS has a Debt/Equity ratio of 11.69. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 11.69, NTRS is not doing good in the industry: 89.50% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 11.69
Debt/FCF 88.33
Altman-Z -0.61
ROIC/WACCN/A
WACCN/A
NTRS Yearly LT Debt VS Equity VS FCFNTRS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B

2.3 Liquidity

  • A Current Ratio of 0.04 indicates that NTRS may have some problems paying its short term obligations.
  • NTRS has a worse Current ratio (0.04) than 94.12% of its industry peers.
  • A Quick Ratio of 0.04 indicates that NTRS may have some problems paying its short term obligations.
  • NTRS has a Quick ratio of 0.04. This is amonst the worse of the industry: NTRS underperforms 94.12% of its industry peers.
Industry RankSector Rank
Current Ratio 0.04
Quick Ratio 0.04
NTRS Yearly Current Assets VS Current LiabilitesNTRS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50B 100B 150B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • NTRS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.01%, which is quite good.
  • Measured over the past years, NTRS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.54% on average per year.
  • Looking at the last year, NTRS shows a very negative growth in Revenue. The Revenue has decreased by -18.69% in the last year.
  • Measured over the past years, NTRS shows a small growth in Revenue. The Revenue has been growing by 5.60% on average per year.
EPS 1Y (TTM)17.01%
EPS 3Y13.64%
EPS 5Y8.54%
EPS Q2Q%19.03%
Revenue 1Y (TTM)-18.69%
Revenue growth 3Y2.59%
Revenue growth 5Y5.6%
Sales Q2Q%8.99%

3.2 Future

  • Based on estimates for the next years, NTRS will show a small growth in Earnings Per Share. The EPS will grow by 5.44% on average per year.
  • NTRS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.14% yearly.
EPS Next Y7.87%
EPS Next 2Y8.16%
EPS Next 3Y5.22%
EPS Next 5Y5.44%
Revenue Next Year5.77%
Revenue Next 2Y4.99%
Revenue Next 3Y5.7%
Revenue Next 5Y3.14%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
NTRS Yearly Revenue VS EstimatesNTRS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B
NTRS Yearly EPS VS EstimatesNTRS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8 10

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 16.37 indicates a correct valuation of NTRS.
  • Compared to the rest of the industry, the Price/Earnings ratio of NTRS is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.67. NTRS is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 15.17, NTRS is valued correctly.
  • NTRS's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of NTRS to the average of the S&P500 Index (27.20), we can say NTRS is valued slightly cheaper.
Industry RankSector Rank
PE 16.37
Fwd PE 15.17
NTRS Price Earnings VS Forward Price EarningsNTRS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 87.39% of the companies in the same industry are more expensive than NTRS, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, NTRS is valued a bit cheaper than 68.07% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.27
EV/EBITDA 10.38
NTRS Per share dataNTRS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.08
PEG (5Y)1.92
EPS Next 2Y8.16%
EPS Next 3Y5.22%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.12%, NTRS has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 6.03, NTRS has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, NTRS has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.12%

5.2 History

  • The dividend of NTRS has a limited annual growth rate of 3.64%.
  • NTRS has been paying a dividend for at least 10 years, so it has a reliable track record.
  • NTRS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)3.64%
Div Incr Years0
Div Non Decr Years25
NTRS Yearly Dividends per shareNTRS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • NTRS pays out 37.83% of its income as dividend. This is a sustainable payout ratio.
  • NTRS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP37.83%
EPS Next 2Y8.16%
EPS Next 3Y5.22%
NTRS Yearly Income VS Free CF VS DividendNTRS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B
NTRS Dividend Payout.NTRS Dividend Payout, showing the Payout Ratio.NTRS Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

NORTHERN TRUST CORP

NASDAQ:NTRS (2/5/2026, 8:00:02 PM)

After market: 147.41 -0.07 (-0.05%)

147.48

-3.32 (-2.2%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-22
Earnings (Next)04-21
Inst Owners87.54%
Inst Owner Change-1.11%
Ins Owners0.84%
Ins Owner Change-0.33%
Market Cap27.89B
Revenue(TTM)12.29B
Net Income(TTM)1.67B
Analysts56.36
Price Target145.5 (-1.34%)
Short Float %0.84%
Short Ratio1.56
Dividend
Industry RankSector Rank
Dividend Yield 2.12%
Yearly Dividend3.21
Dividend Growth(5Y)3.64%
DP37.83%
Div Incr Years0
Div Non Decr Years25
Ex-Date03-06
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.93%
Min EPS beat(2)-0.03%
Max EPS beat(2)1.89%
EPS beat(4)3
Avg EPS beat(4)3.11%
Min EPS beat(4)-0.03%
Max EPS beat(4)9.83%
EPS beat(8)6
Avg EPS beat(8)5.97%
EPS beat(12)6
Avg EPS beat(12)-1.98%
EPS beat(16)8
Avg EPS beat(16)-1.49%
Revenue beat(2)1
Avg Revenue beat(2)-0.21%
Min Revenue beat(2)-1.79%
Max Revenue beat(2)1.37%
Revenue beat(4)1
Avg Revenue beat(4)-0.77%
Min Revenue beat(4)-2.11%
Max Revenue beat(4)1.37%
Revenue beat(8)2
Avg Revenue beat(8)-2.93%
Revenue beat(12)3
Avg Revenue beat(12)-1.49%
Revenue beat(16)5
Avg Revenue beat(16)-0.75%
PT rev (1m)5.92%
PT rev (3m)5.61%
EPS NQ rev (1m)1.03%
EPS NQ rev (3m)1.46%
EPS NY rev (1m)1.76%
EPS NY rev (3m)3.05%
Revenue NQ rev (1m)0.24%
Revenue NQ rev (3m)0.29%
Revenue NY rev (1m)1.46%
Revenue NY rev (3m)2.18%
Valuation
Industry RankSector Rank
PE 16.37
Fwd PE 15.17
P/S 2.04
P/FCF 16.27
P/OCF 11.11
P/B 2.15
P/tB 2.84
EV/EBITDA 10.38
EPS(TTM)9.01
EY6.11%
EPS(NY)9.72
Fwd EY6.59%
FCF(TTM)9.07
FCFY6.15%
OCF(TTM)13.27
OCFY9%
SpS72.24
BVpS68.51
TBVpS51.99
PEG (NY)2.08
PEG (5Y)1.92
Graham Number117.85
Profitability
Industry RankSector Rank
ROA 0.98%
ROE 12.88%
ROCE 8.93%
ROIC 1.02%
ROICexc 1.04%
ROICexgc 1.12%
OM 16.83%
PM (TTM) 12.22%
GM 57.99%
FCFM 12.55%
ROA(3y)0.97%
ROA(5y)0.91%
ROE(3y)12.41%
ROE(5y)12.21%
ROIC(3y)1.07%
ROIC(5y)1%
ROICexc(3y)1.1%
ROICexc(5y)1.03%
ROICexgc(3y)1.19%
ROICexgc(5y)1.11%
ROCE(3y)10.34%
ROCE(5y)10.1%
ROICexgc growth 3Y0.79%
ROICexgc growth 5Y6.01%
ROICexc growth 3Y1.82%
ROICexc growth 5Y6.12%
OM growth 3Y6.17%
OM growth 5Y1.82%
PM growth 3Y6.64%
PM growth 5Y2.3%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 11.69
Debt/FCF 88.33
Debt/EBITDA 49.41
Cap/Depr 104.01%
Cap/Sales 5.83%
Interest Coverage 0.36
Cash Conversion 81.9%
Profit Quality 102.71%
Current Ratio 0.04
Quick Ratio 0.04
Altman-Z -0.61
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)17.01%
EPS 3Y13.64%
EPS 5Y8.54%
EPS Q2Q%19.03%
EPS Next Y7.87%
EPS Next 2Y8.16%
EPS Next 3Y5.22%
EPS Next 5Y5.44%
Revenue 1Y (TTM)-18.69%
Revenue growth 3Y2.59%
Revenue growth 5Y5.6%
Sales Q2Q%8.99%
Revenue Next Year5.77%
Revenue Next 2Y4.99%
Revenue Next 3Y5.7%
Revenue Next 5Y3.14%
EBIT growth 1Y-7%
EBIT growth 3Y8.92%
EBIT growth 5Y7.53%
EBIT Next Year6.2%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-59.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-49.31%
OCF growth 3YN/A
OCF growth 5YN/A

NORTHERN TRUST CORP / NTRS FAQ

What is the ChartMill fundamental rating of NORTHERN TRUST CORP (NTRS) stock?

ChartMill assigns a fundamental rating of 3 / 10 to NTRS.


What is the valuation status for NTRS stock?

ChartMill assigns a valuation rating of 4 / 10 to NORTHERN TRUST CORP (NTRS). This can be considered as Fairly Valued.


What is the profitability of NTRS stock?

NORTHERN TRUST CORP (NTRS) has a profitability rating of 4 / 10.


What are the PE and PB ratios of NORTHERN TRUST CORP (NTRS) stock?

The Price/Earnings (PE) ratio for NORTHERN TRUST CORP (NTRS) is 16.37 and the Price/Book (PB) ratio is 2.15.


How financially healthy is NORTHERN TRUST CORP?

The financial health rating of NORTHERN TRUST CORP (NTRS) is 1 / 10.