NORTHERN TRUST CORP (NTRS) Fundamental Analysis & Valuation

NASDAQ:NTRS • US6658591044

140.72 USD
+2.31 (+1.67%)
Last: Mar 10, 2026, 01:28 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 may be in some trouble as it scores bad on both profitability and health. NTRS has a correct valuation and a medium growth rate. Finally 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.
  • In the past year NTRS had a positive cash flow from operations.
  • 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

  • With a Return On Assets value of 0.95%, NTRS is not doing good in the industry: 64.88% of the companies in the same industry are doing better.
  • NTRS has a better Return On Equity (12.96%) than 71.49% of its industry peers.
  • NTRS has a Return On Invested Capital of 1.00%. This is in the lower half of the industry: NTRS underperforms 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 7.06%.
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

  • 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.
  • Looking at the Operating Margin, with a value of 17.19%, NTRS is in line with its industry, outperforming 40.50% of the companies in the same industry.
  • 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

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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.
  • 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

  • NTRS has an Altman-Z score of -0.65. This is a bad value and indicates that NTRS is not financially healthy and even has some risk of bankruptcy.
  • NTRS's Altman-Z score of -0.65 is on the low side compared to the rest of the industry. NTRS is outperformed by 84.30% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 33.46, NTRS is in line with its industry, outperforming 51.65% of the companies in the same industry.
  • A Debt/Equity ratio of 12.29 is on the high side and indicates that NTRS has dependencies on debt financing.
  • With a Debt to Equity ratio value of 12.29, NTRS is not doing good in the industry: 90.08% of the companies in the same industry are doing better.
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's Current 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.
  • 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.
  • The Quick ratio of NTRS (0.04) is worse 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

  • The Earnings Per Share has grown by an nice 17.01% over the past year.
  • The Earnings Per Share has been growing by 8.54% on average over the past years. This is quite good.
  • NTRS shows a decrease in Revenue. In the last year, the revenue decreased by -9.98%.
  • NTRS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.19% yearly.
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

  • NTRS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.60% yearly.
  • The Revenue is expected to grow by 4.83% on average over the next years.
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.
  • 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

  • NTRS is valuated correctly with a Price/Earnings ratio of 15.62.
  • NTRS's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of NTRS to the average of the S&P500 Index (26.45), we can say NTRS is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 13.69, which indicates a correct valuation of NTRS.
  • NTRS's Price/Forward Earnings ratio is in line with the industry average.
  • NTRS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.65, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.62
Fwd PE 13.69
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

  • Based on the Enterprise Value to EBITDA ratio, NTRS is valued cheaper than 88.84% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, NTRS is valued cheaply inside the industry as 83.88% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 5.49
EV/EBITDA 8.75
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)1.11
PEG (5Y)1.83
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.
  • Compared to an average industry Dividend Yield of 6.64, NTRS has a dividend in line with its industry peers.
  • NTRS's Dividend Yield is a higher than the S&P500 average which is at 1.82.
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 their dividend for at least 10 years, which is a reliable track record.
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 (3/10/2026, 1:28:49 PM)

140.72

+2.31 (+1.67%)

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 Cap26.15B
Revenue(TTM)13.61B
Net Income(TTM)1.68B
Analysts56.36
Price Target162.86 (15.73%)
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 15.62
Fwd PE 13.69
P/S 1.92
P/FCF 5.49
P/OCF 4.73
P/B 2.02
P/tB 2.66
EV/EBITDA 8.75
EPS(TTM)9.01
EY6.4%
EPS(NY)10.28
Fwd EY7.31%
FCF(TTM)25.61
FCFY18.2%
OCF(TTM)29.78
OCFY21.16%
SpS73.23
BVpS69.73
TBVpS52.92
PEG (NY)1.11
PEG (5Y)1.83
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 15.62 and the Price/Book (PB) ratio is 2.02.


How financially healthy is NORTHERN TRUST CORP?

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