NORTHERN TRUST CORP (NTRS) Fundamental Analysis & Valuation

NASDAQ:NTRS • US6658591044

Current stock price

166.9 USD
-0.91 (-0.54%)
At close:
166.9 USD
0 (0%)
After Hours:

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

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.
  • Of the past 5 years NTRS 4 years had a positive operating cash flow.
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

  • The Return On Assets of NTRS (0.95%) is worse than 63.18% of its industry peers.
  • Looking at the Return On Equity, with a value of 12.96%, NTRS is in the better half of the industry, outperforming 68.62% of the companies in the same industry.
  • With a Return On Invested Capital value of 1.00%, NTRS is not doing good in the industry: 71.13% of the companies in the same industry are doing better.
  • NTRS had an Average Return On Invested Capital over the past 3 years of 1.07%. This is significantly below the industry average of 7.30%.
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

  • Looking at the Profit Margin, with a value of 12.34%, NTRS is in line with its industry, outperforming 44.77% of the companies in the same industry.
  • In the last couple of years the Profit Margin of NTRS has declined.
  • The Operating Margin of NTRS (17.19%) is worse than 61.92% of its industry peers.
  • In the last couple of years the Operating Margin of NTRS has declined.
  • With a decent Gross Margin value of 59.43%, NTRS is doing good in the industry, outperforming 66.11% 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 -0.63, we must say that NTRS is in the distress zone and has some risk of bankruptcy.
  • NTRS has a worse Altman-Z score (-0.63) than 84.10% 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.
  • The Debt to FCF ratio of NTRS (33.46) is comparable to the rest of the industry.
  • 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 90.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 12.29
Debt/FCF 33.46
Altman-Z -0.63
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 Current ratio of 0.04. This is amonst the worse of the industry: NTRS underperforms 94.14% of its industry peers.
  • A Quick Ratio of 0.04 indicates that NTRS may have some problems paying 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 94.14% 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 impressive 24.15% over the past year.
  • 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 -17.27% in the last year.
  • 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)24.15%
EPS 3Y13.64%
EPS 5Y8.54%
EPS Q2Q%42.63%
Revenue 1Y (TTM)-17.27%
Revenue growth 3Y22.03%
Revenue growth 5Y17.19%
Sales Q2Q%13.73%

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 Y15.03%
EPS Next 2Y12.55%
EPS Next 3Y12.13%
EPS Next 5Y11.6%
Revenue Next Year7.08%
Revenue Next 2Y5.59%
Revenue Next 3Y5.34%
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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5

4. NTRS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 17.00, NTRS is valued correctly.
  • 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 (26.91), we can say NTRS is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 14.62 indicates a correct valuation of NTRS.
  • 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 21.99.
Industry RankSector Rank
PE 17
Fwd PE 14.62
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

  • Based on the Enterprise Value to EBITDA ratio, NTRS is valued cheaply inside the industry as 83.68% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NTRS indicates a rather cheap valuation: NTRS is cheaper than 82.01% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.5
EV/EBITDA 10.48
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.
  • A more expensive valuation may be justified as NTRS's earnings are expected to grow with 12.13% in the coming years.
PEG (NY)1.13
PEG (5Y)1.99
EPS Next 2Y12.55%
EPS Next 3Y12.13%

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

6

5. NTRS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.91%, NTRS has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 6.53, NTRS has a dividend in line with its industry peers.
  • NTRS's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.91%

5.2 History

  • The dividend of NTRS has a limited annual growth rate of 1.90%.
  • 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)1.9%
Div Incr Years1
Div Non Decr Years26
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 2Y12.55%
EPS Next 3Y12.13%
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 (4/28/2026, 8:00:02 PM)

After market: 166.9 0 (0%)

166.9

-0.91 (-0.54%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Industry Strength27.95
Industry Growth53.42
Earnings (Last)04-21
Earnings (Next)07-22
Inst Owners85.65%
Inst Owner Change0.56%
Ins Owners0.77%
Ins Owner Change8.67%
Market Cap30.93B
Revenue(TTM)12.47B
Net Income(TTM)1.68B
Analysts56.36
Price Target176.92 (6%)
Short Float %1.41%
Short Ratio2.35
Dividend
Industry RankSector Rank
Dividend Yield 1.91%
Yearly Dividend3.31
Dividend Growth(5Y)1.9%
DP37.72%
Div Incr Years1
Div Non Decr Years26
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)-1.83%
PT rev (3m)9.89%
EPS NQ rev (1m)3.1%
EPS NQ rev (3m)6.35%
EPS NY rev (1m)0.8%
EPS NY rev (3m)6.64%
Revenue NQ rev (1m)1.21%
Revenue NQ rev (3m)2.02%
Revenue NY rev (1m)0.25%
Revenue NY rev (3m)1.23%
Valuation
Industry RankSector Rank
PE 17
Fwd PE 14.62
P/S 2.27
P/FCF 6.5
P/OCF 5.59
P/B 2.39
P/tB 3.15
EV/EBITDA 10.48
EPS(TTM)9.82
EY5.88%
EPS(NY)11.41
Fwd EY6.84%
FCF(TTM)25.68
FCFY15.39%
OCF(TTM)29.86
OCFY17.89%
SpS73.43
BVpS69.92
TBVpS53.06
PEG (NY)1.13
PEG (5Y)1.99
Graham Number124.295 (-25.53%)
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 -0.63
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)24.15%
EPS 3Y13.64%
EPS 5Y8.54%
EPS Q2Q%42.63%
EPS Next Y15.03%
EPS Next 2Y12.55%
EPS Next 3Y12.13%
EPS Next 5Y11.6%
Revenue 1Y (TTM)-17.27%
Revenue growth 3Y22.03%
Revenue growth 5Y17.19%
Sales Q2Q%13.73%
Revenue Next Year7.08%
Revenue Next 2Y5.59%
Revenue Next 3Y5.34%
Revenue Next 5Y4.83%
EBIT growth 1Y-17.53%
EBIT growth 3Y9.17%
EBIT growth 5Y7.67%
EBIT Next Year14.68%
EBIT Next 3Y8.33%
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 Fundamental Analysis 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.


Can you provide the profitability details for NORTHERN TRUST CORP?

NORTHERN TRUST CORP (NTRS) has a profitability rating of 3 / 10.


What is the earnings growth outlook for NORTHERN TRUST CORP?

The Earnings per Share (EPS) of NORTHERN TRUST CORP (NTRS) is expected to grow by 15.03% in the next year.


Can you provide the dividend sustainability for NTRS stock?

The dividend rating of NORTHERN TRUST CORP (NTRS) is 6 / 10 and the dividend payout ratio is 37.72%.