NORTHERN TRUST CORP (NTRS) Fundamental Analysis & Valuation

NASDAQ:NTRS • US6658591044

138.59 USD
-4.91 (-3.42%)
At close: Mar 6, 2026
136.285 USD
-2.31 (-1.66%)
After Hours: 3/6/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This NTRS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Taking everything into account, NTRS scores 3 out of 10 in our fundamental rating. NTRS was compared to 242 industry peers in the Capital Markets industry. NTRS has a bad profitability rating. Also its financial health evaluation is rather negative. NTRS has a decent growth rate and is not valued too expensively. Finally NTRS also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. NTRS Profitability Analysis

1.1 Basic Checks

  • In the past year NTRS was profitable.
  • NTRS had a positive operating cash flow in the past year.
  • Each year in the past 5 years NTRS has been profitable.
  • NTRS had a positive operating cash flow in 4 of the past 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 2B 4B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 0.95%, NTRS is doing worse than 66.12% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 12.96%, NTRS is in the better half of the industry, outperforming 71.90% of the companies in the same industry.
  • NTRS's Return On Invested Capital of 1.00% is on the low side compared to the rest of the industry. NTRS is outperformed by 66.94% of its industry peers.
  • NTRS had an Average Return On Invested Capital over the past 3 years of 1.07%. This is significantly below the industry average of 7.12%.
Industry RankSector Rank
ROA 0.95%
ROE 12.96%
ROIC 1%
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 (12.34%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of NTRS has declined.
  • NTRS has a Operating Margin of 17.19%. This is comparable to the rest of the industry: NTRS outperforms 40.50% of its industry peers.
  • In the last couple of years the Operating Margin of NTRS has declined.
  • NTRS has a better Gross Margin (59.43%) than 66.53% of its industry peers.
  • In the last couple of years the Gross Margin of NTRS has declined.
Industry RankSector Rank
OM 17.19%
PM (TTM) 12.34%
GM 59.43%
OM growth 3Y-10.54%
OM growth 5Y-8.12%
PM growth 3Y-10.35%
PM growth 5Y-7.81%
GM growth 3Y-13.01%
GM growth 5Y-9.72%
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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. NTRS Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, NTRS has less shares outstanding
  • NTRS has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, NTRS has a worse debt to assets ratio.
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 -0.65, we must say that NTRS is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of -0.65, NTRS is doing worse than 84.30% of the companies in the same industry.
  • NTRS has a debt to FCF ratio of 33.46. This is a negative value and a sign of low solvency as NTRS would need 33.46 years to pay back of all of its debts.
  • NTRS's Debt to FCF ratio of 33.46 is in line compared to the rest of the industry. NTRS outperforms 51.65% of its industry peers.
  • NTRS has a Debt/Equity ratio of 12.29. This is a high value indicating a heavy dependency on external financing.
  • NTRS's Debt to Equity ratio of 12.29 is on the low side compared to the rest of the industry. NTRS is outperformed by 90.08% of its industry peers.
Industry RankSector Rank
Debt/Equity 12.29
Debt/FCF 33.46
Altman-Z -0.65
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.
  • The Current ratio of NTRS (0.04) is worse than 94.21% of its industry peers.
  • NTRS has a Quick Ratio of 0.04. This is a bad value and indicates that NTRS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NTRS's Quick ratio of 0.04 is on the low side compared to the rest of the industry. NTRS is outperformed by 94.21% 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

5

3. NTRS Growth Analysis

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.
  • NTRS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.54% yearly.
  • Looking at the last year, NTRS shows a decrease in Revenue. The Revenue has decreased by -9.98% in the last year.
  • Measured over the past years, NTRS shows a quite strong growth in Revenue. The Revenue has been growing by 17.19% on average per year.
EPS 1Y (TTM)17.01%
EPS 3Y13.64%
EPS 5Y8.54%
EPS Q2Q%19.03%
Revenue 1Y (TTM)-9.98%
Revenue growth 3Y22.03%
Revenue growth 5Y17.19%
Sales Q2Q%8.99%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.60% on average over the next years. This is quite good.
  • NTRS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.83% yearly.
EPS Next Y14.12%
EPS Next 2Y11.96%
EPS Next 3Y11.93%
EPS Next 5Y11.6%
Revenue Next Year6.81%
Revenue Next 2Y5.53%
Revenue Next 3Y5.49%
Revenue Next 5Y4.83%

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 accelerating.
  • 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 2030 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 2030 5 10 15

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Find the best growth stocksShow best growing peers

5

4. NTRS Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 15.38, which indicates a correct valuation of NTRS.
  • The rest of the industry has a similar Price/Earnings ratio as NTRS.
  • NTRS is valuated rather cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 13.48, NTRS is valued correctly.
  • The rest of the industry has a similar Price/Forward Earnings ratio as NTRS.
  • NTRS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.60, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.38
Fwd PE 13.48
NTRS Price Earnings VS Forward Price EarningsNTRS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NTRS indicates a rather cheap valuation: NTRS is cheaper than 88.84% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, NTRS is valued cheaper than 83.88% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.41
EV/EBITDA 8.76
NTRS Per share dataNTRS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • NTRS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.09
PEG (5Y)1.8
EPS Next 2Y11.96%
EPS Next 3Y11.93%

More info and screens

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

7

5. NTRS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.23%, NTRS has a reasonable but not impressive dividend return.
  • NTRS's Dividend Yield is comparable with the industry average which is at 6.65.
  • Compared to an average S&P500 Dividend Yield of 1.82, NTRS pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.23%

5.2 History

  • The dividend of NTRS has a limited annual growth rate of 1.90%.
  • NTRS has paid a dividend for at least 10 years, which is 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)1.9%
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 37.72% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of NTRS is growing, but earnings are growing more, so the dividend growth is sustainable.
DP37.72%
EPS Next 2Y11.96%
EPS Next 3Y11.93%
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 2B 3B 4B
NTRS Dividend Payout.NTRS Dividend Payout, showing the Payout Ratio.NTRS Dividend Payout.PayoutRetained Earnings

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NTRS Fundamentals: All Metrics, Ratios and Statistics

NORTHERN TRUST CORP

NASDAQ:NTRS (3/6/2026, 8:00:02 PM)

After market: 136.285 -2.31 (-1.66%)

138.59

-4.91 (-3.42%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)01-22
Earnings (Next)04-21
Inst Owners85.74%
Inst Owner Change-2.44%
Ins Owners0.96%
Ins Owner Change7.57%
Market Cap25.75B
Revenue(TTM)13.61B
Net Income(TTM)1.68B
Analysts56.36
Price Target162.86 (17.51%)
Short Float %1.03%
Short Ratio1.75
Dividend
Industry RankSector Rank
Dividend Yield 2.23%
Yearly Dividend3.31
Dividend Growth(5Y)1.9%
DP37.72%
Div Incr Years0
Div Non Decr Years25
Ex-Date03-06
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)5.71%
Min EPS beat(2)-0.03%
Max EPS beat(2)11.46%
EPS beat(4)3
Avg EPS beat(4)3.52%
Min EPS beat(4)-0.03%
Max EPS beat(4)11.46%
EPS beat(8)6
Avg EPS beat(8)5.13%
EPS beat(12)7
Avg EPS beat(12)4.09%
EPS beat(16)8
Avg EPS beat(16)-0.99%
Revenue beat(2)1
Avg Revenue beat(2)-0.02%
Min Revenue beat(2)-1.79%
Max Revenue beat(2)1.75%
Revenue beat(4)2
Avg Revenue beat(4)-0.2%
Min Revenue beat(4)-2.11%
Max Revenue beat(4)1.75%
Revenue beat(8)3
Avg Revenue beat(8)-1.5%
Revenue beat(12)3
Avg Revenue beat(12)-2.41%
Revenue beat(16)6
Avg Revenue beat(16)-0.51%
PT rev (1m)2.62%
PT rev (3m)18.8%
EPS NQ rev (1m)0.39%
EPS NQ rev (3m)7.7%
EPS NY rev (1m)0.47%
EPS NY rev (3m)8.16%
Revenue NQ rev (1m)0.19%
Revenue NQ rev (3m)2.49%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)2.71%
Valuation
Industry RankSector Rank
PE 15.38
Fwd PE 13.48
P/S 1.89
P/FCF 5.41
P/OCF 4.65
P/B 1.99
P/tB 2.62
EV/EBITDA 8.76
EPS(TTM)9.01
EY6.5%
EPS(NY)10.28
Fwd EY7.42%
FCF(TTM)25.61
FCFY18.48%
OCF(TTM)29.78
OCFY21.49%
SpS73.23
BVpS69.73
TBVpS52.92
PEG (NY)1.09
PEG (5Y)1.8
Graham Number118.9
Profitability
Industry RankSector Rank
ROA 0.95%
ROE 12.96%
ROCE 9.7%
ROIC 1%
ROICexc 1.03%
ROICexgc 1.11%
OM 17.19%
PM (TTM) 12.34%
GM 59.43%
FCFM 34.98%
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)1.2%
ROICexgc(5y)1.12%
ROCE(3y)10.44%
ROCE(5y)10.16%
ROICexgc growth 3Y1.7%
ROICexgc growth 5Y6.58%
ROICexc growth 3Y2.17%
ROICexc growth 5Y6.34%
OM growth 3Y-10.54%
OM growth 5Y-8.12%
PM growth 3Y-10.35%
PM growth 5Y-7.81%
GM growth 3Y-13.01%
GM growth 5Y-9.72%
F-Score7
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 12.29
Debt/FCF 33.46
Debt/EBITDA 51.06
Cap/Depr 99.37%
Cap/Sales 5.69%
Interest Coverage 0.38
Cash Conversion 177.44%
Profit Quality 283.43%
Current Ratio 0.04
Quick Ratio 0.04
Altman-Z -0.65
F-Score7
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)103.29%
Cap/Depr(5y)108.09%
Cap/Sales(3y)5.54%
Cap/Sales(5y)6.87%
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 Y14.12%
EPS Next 2Y11.96%
EPS Next 3Y11.93%
EPS Next 5Y11.6%
Revenue 1Y (TTM)-9.98%
Revenue growth 3Y22.03%
Revenue growth 5Y17.19%
Sales Q2Q%8.99%
Revenue Next Year6.81%
Revenue Next 2Y5.53%
Revenue Next 3Y5.49%
Revenue Next 5Y4.83%
EBIT growth 1Y-17.53%
EBIT growth 3Y9.17%
EBIT growth 5Y7.67%
EBIT Next Year14.94%
EBIT Next 3Y9.29%
EBIT Next 5YN/A
FCF growth 1Y486.46%
FCF growth 3Y41.81%
FCF growth 5Y28.92%
OCF growth 1Y1238.58%
OCF growth 3Y32.25%
OCF growth 5Y23.88%

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 5 / 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 3 / 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 15.38 and the Price/Book (PB) ratio is 1.99.


How financially healthy is NORTHERN TRUST CORP?

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