NORTHERN TRUST CORP (NTRS) Fundamental Analysis & Valuation

NASDAQ:NTRS • US6658591044

137.3 USD
-3.6 (-2.56%)
At close: Mar 12, 2026
137.3 USD
0 (0%)
After Hours: 3/12/2026, 8:01:31 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

We assign a fundamental rating of 3 out of 10 to NTRS. 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 is not valued too expensively and it also shows a decent growth rate. NTRS also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. NTRS Profitability Analysis

1.1 Basic Checks

  • NTRS had positive earnings in the past year.
  • NTRS had a positive operating cash flow in the past year.
  • In the past 5 years NTRS has always 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 64.88% of the companies in the same industry.
  • The Return On Equity of NTRS (12.96%) is better than 71.49% of its industry peers.
  • 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.
  • Measured over the past 3 years, the Average Return On Invested Capital for NTRS is significantly below the industry average of 7.06%.
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

  • With a Profit Margin value of 12.34%, NTRS perfoms like the industry average, outperforming 43.80% of the companies in the same 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.
  • NTRS's Operating Margin has declined in the last couple of years.
  • With a decent Gross Margin value of 59.43%, NTRS is doing good in the industry, outperforming 66.53% of the companies in the same industry.
  • 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. NTRS Health Analysis

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.
  • 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.
  • With a Altman-Z score value of -0.65, NTRS is not doing good in the industry: 84.30% of the companies in the same industry are doing better.
  • The Debt to FCF ratio of NTRS is 33.46, which is on the high side as it means it would take NTRS, 33.46 years of fcf income to pay off all of its debts.
  • NTRS has a Debt to FCF ratio of 33.46. This is comparable to the rest of the industry: NTRS outperforms 51.65% of its industry peers.
  • A Debt/Equity ratio of 12.29 is on the high side and indicates that NTRS has dependencies on debt 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

  • NTRS has a Current 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 has a worse Current ratio (0.04) 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 has a worse Quick ratio (0.04) than 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.
  • 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 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

  • Based on estimates for the next years, NTRS will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.60% on average per year.
  • 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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 15.24, which indicates a correct valuation of NTRS.
  • NTRS's Price/Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Earnings ratio is at 25.71. NTRS is valued slightly cheaper when compared to this.
  • NTRS is valuated correctly with a Price/Forward Earnings ratio of 13.35.
  • NTRS's Price/Forward Earnings is on the same level as the industry average.
  • NTRS's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.82.
Industry RankSector Rank
PE 15.24
Fwd PE 13.35
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

  • 88.84% of the companies in the same industry are more expensive than NTRS, based on the Enterprise Value to EBITDA ratio.
  • NTRS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NTRS is cheaper than 83.88% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.36
EV/EBITDA 8.9
NTRS Per share dataNTRS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.08
PEG (5Y)1.78
EPS Next 2Y11.96%
EPS Next 3Y11.93%

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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.
  • Compared to an average industry Dividend Yield of 6.63, NTRS has a dividend in line with its industry peers.
  • 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

  • 37.72% of the earnings are spent on dividend by NTRS. This is a low number and sustainable payout ratio.
  • NTRS's earnings are growing more than its dividend. This makes the dividend growth 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

More info and screens

Find the best dividend stocksShow peers with best dividend

NTRS Fundamentals: All Metrics, Ratios and Statistics

NORTHERN TRUST CORP

NASDAQ:NTRS (3/12/2026, 8:01:31 PM)

After market: 137.3 0 (0%)

137.3

-3.6 (-2.56%)

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 Cap25.51B
Revenue(TTM)13.61B
Net Income(TTM)1.68B
Analysts56.36
Price Target162.86 (18.62%)
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 15.24
Fwd PE 13.35
P/S 1.88
P/FCF 5.36
P/OCF 4.61
P/B 1.97
P/tB 2.59
EV/EBITDA 8.9
EPS(TTM)9.01
EY6.56%
EPS(NY)10.28
Fwd EY7.49%
FCF(TTM)25.61
FCFY18.65%
OCF(TTM)29.78
OCFY21.69%
SpS73.23
BVpS69.73
TBVpS52.92
PEG (NY)1.08
PEG (5Y)1.78
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 15.24 and the Price/Book (PB) ratio is 1.97.


How financially healthy is NORTHERN TRUST CORP?

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