NORTHERN TRUST CORP · Banks

NTRS

Low riskNext report: Around Jan 21, 2027 (est.)

View price ↗

The short version

A high-quality, profitable business with steady sales.

Going well

Profitable every year for 10 years
Brings in more cash than it spends
Buying back shares: share count down 8.0% in 3 years

Money moves

No insider buying or selling in the last 30 days
Institutions cut 0.3% from their holdings in the quarter ending June 2026 (489 bought, 396 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$169.63+1.0% that day

Company value: $31.0B; Share price times all shares
Price vs profit (P/E): 17.9x; You pay about $18 for each $1 of yearly profit
Price vs sales: 3.7x; Company value is 3.7 times a year of sales
Dividend yield: 1.8%; Yearly dividend as a share of today's price
Cash vs value: 18%; Cash as a share of company value
Debt vs value: 11%; Debt as a share of company value

From NTRS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$1.3B+9.6% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $8.3B, down 1.1% from the 12 months before. Over 5 years, sales grew about 5.8% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of NTRS. Starting points are the company's recent numbers.

Sales growth-1% a yearRecently: -1.1% a yearProfit margin27%Last 12 months: 26.9%P/E at the end18xToday: 17.9x. Many steady companies trade at 12x to 25xShare count change-3% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$7.9B

Profit in 5 years$2.1B

Price these guesses point to$245.12+45% vs $169.63 todayAbout +7.6% a year, before dividends

What today's price needs: with a 27% margin and a 18x P/E, sales could shrink about 8.0% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

MissReturn on equity 15%+Earns a lot on the money owners have in the business.13.5%
PassDebt under half of equityNot relying on borrowed money.0.26x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.21.5%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$5.5B
PassShare count not growingNot diluting owners. Falling means buybacks.-8.0% in 3 years

Revenue: $8.1B; -2.5% vs prior year
5-year growth: +5.8%/yr; revenue, per year
Total debt: $3.4B; 0.26x equity
Free cash flow: $5.5B; 67.5% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.