NTRS
Northern Trust
$175.56
▲ 2.0%Updated Today 7:15 PM ET
▲ Up 55.1% over the last 12 months
Market Cap
$31.85B
P/E
17.03x
Forward P/E (est.)
19.02x
ROE
14.4%
Revenue Growth
-2.7%
EPS Growth
-10.4%
Profit Margin
22.4%
FCF Yield
4.7%
Debt / Equity
12.29x
ROIC
—
Interest Coverage
—
Current Ratio
—
Dividend Yield
1.9%
Implied Growth (rev. DCF)
-7.0%
Rating Score
42/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what NTRS's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. NTRS trades near $175.56, above its 50-day average ($164.88) and 200-day average ($143.66). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 59 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. NTRS's is $4.05 (~2.3% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month NTRS found buyers near $163.50 (support) and sellers near $176.93 (resistance); its 52-week range is $109.00–$176.93. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.8× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Northern Trust (NTRS) is a large-cap company in the Asset Management & Custody Banks industry, part of the Financials sector of the S&P 500, with a market value around $31.85B.
In its latest reported year it generated about $5.02B in revenue and $1.74B in net profit.
Our model rates NTRS Neutral (42/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
3.6%
Revenue moved from $4.36B in 2021 to $5.02B in 2025, a 3.6% compound annual growth rate. The most recent year declined 2.7% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?
Gross Margin
100.0%
Operating Margin
30.2%
Net Margin
34.6%
ROE
14.4%
Northern Trust keeps about 22.4% of each sales dollar as net profit, with a 100.0% gross margin and 30.2% operating margin. Return on equity is 14.4%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$1.42B
Net Debt
$1.42B
Net Debt / EBITDA
—
Debt / Equity
12.29x
Leverage: debt-to-equity is 12.3x. That is elevated leverage, which raises risk if earnings or rates move against it.
Operating CF
$5.53B
Free Cash Flow
$5.46B
FCF Margin
108.8%
In the latest year Northern Trust produced about $5.53B of operating cash flow and $5.46B of free cash flow after capital spending. That is a free-cash-flow yield of about 4.7% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
17.03x
P/S
4x
P/B
1.96x
EV / EBITDA
—
NTRS trades at 17.0x trailing earnings (about 19.0x on estimated forward earnings), 4.0x sales, and 2.0x book value. Reverse-engineering today's price implies the market expects roughly -7.0% long-term free-cash-flow growth. That is a fairly typical valuation for a profitable company.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How NTRS stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
In the Financials sector (76 S&P 500 companies), NTRS ranks #72 of 76 by our overall rating. It trades at roughly in line versus the sector on earnings (17x P/E vs. 15.2x median) with a lower return on equity (14.4% vs. 15.3%) and slower revenue growth (-2.7% vs. 9.1%).
P/E vs sector
17x
median 15.2x
ROE vs sector
14.4%
median 15.3%
Growth vs sector
-2.7%
median 9.1%
Sector rank
#72
of 76 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size. Sector median is across all 76 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$110.02 – $187.04
vs. $175.56 today · expected CAGR -9% – 1%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $5.17B | $5.32B | $5.48B | $5.65B | $5.82B |
| Net income | $1.81B | $1.86B | $1.92B | $1.98B | $2.04B |
| EPS | $9.78 | $10.07 | $10.37 | $10.68 | $11.00 |
| Share price (low) | $97.75 | $100.69 | $103.71 | $106.82 | $110.02 |
| Share price (high) | $166.18 | $171.17 | $176.30 | $181.59 | $187.04 |
| CAGR (low–high) | -44% / -5% | -24% / -1% | -16% / 0% | -12% / 1% | -9% / 1% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for NTRS:
- High net margins (22.4%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~4.7%) funds buybacks and dividends.
The case against NTRS:
- Revenue growth is slow/negative (-2.7%), limiting the upside engine.
- Elevated leverage (debt/equity 12.3x) adds financial risk.
Balance-sheet risk — debt/equity of 12.3x magnifies the impact of higher rates or weaker earnings.
Growth risk — sluggish revenue (-2.7%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Northern Trust is a large-cap financials business with shrinking revenue, with solid profitability, and a heavier debt load to watch. It trades at 17.0x earnings, which our model scores Neutral (42/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.