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NORTHERN TRUST CORP NTRS

Nasdaq · stock · State Commercial Banks · website · IPO 1980-03-17 · LEI

NORTHERN TRUST CORP statistics & valuation

Market cap$32.2B
P / E18.5×
P / S4.0×
P / B2.5×
P / FCF5.9×
Dividend yield1.84%
Net margin21.5%
Return on equity13.4%
FCF margin67.5%
Graham number -39.8%$115.13

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($115.13); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
20.80% 22.30% 26.10% 24.60% 19.80% 23.90% 19.80% 16.30% 24.50% 21.50% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
10.60% 11.70% 14.80% 13.50% 10.30% 12.90% 11.90% 9.30% 15.90% 13.40% 2016201720182019202020212022202320242025
Shares outstanding
229.2M 229.7M 224.5M 215.6M 209.0M 208.9M 208.9M 207.6M 201.9M 192.2M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.80% 0.90% 1.20% 1.10% 0.70% 0.80% 0.90% 0.70% 1.30% 1.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
28.20% 30.30% 28.00% 40.10% 28.90% 19.50% 33.50% 37.00% -7.10% 67.50% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$4.32 $4.92 $6.64 $6.63 $5.46 $7.14 $6.14 $5.08 $9.77 $8.74 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

NORTHERN TRUST CORP trades at about 21.9× earnings — above its 10-year norm (10-year range 11.5×–21.4×, median 16.3×).

11.5× 21.9×

Shaded band = 10-year range (11.5×–21.4×); dot = today's 21.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin21.5%24.5%16.3%19.8%23.9%19.8%24.6%26.1%22.3%20.8%
FCF margin67.5%-7.1%37.0%33.5%19.5%28.9%40.1%28.0%30.3%28.2%
Return on assets1.0%1.3%0.7%0.9%0.8%0.7%1.1%1.2%0.9%0.8%
Return on equity13.4%15.9%9.3%11.9%12.9%10.3%13.5%14.8%11.7%10.6%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.