Last 48 quarters of trend data · Financial Services · Asset Managers & Custodians
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 13.04 | 12.45 | 10.27 | 12.88 | 14.11 | 14.69 | 14.88 | 12.98 | 11.34 | 10.14 | 4.84 | 23.16 | 40.57 | 11.66 | 11.88 | 14.59 | 31.16 | 11.88 | 12.97 | 16.45 | 15.66 |
| — | -15.3% | -31.0% | -0.8% | +24.4% | +44.9% | +207.6% | -43.9% | -72.1% | -13.0% | -59.3% | +58.7% | +30.2% | -1.9% | -8.4% | -11.3% | +99.0% | -20.6% | -22.8% | +6.4% | -24.7% | |
| P/S Ratio | 3.39 | 3.38 | 2.98 | 2.95 | 3.03 | 3.17 | 3.07 | 2.49 | 2.59 | 2.29 | 1.58 | 2.77 | 2.82 | 2.09 | 2.19 | 2.64 | 3.04 | 2.55 | 2.86 | 3.54 | 3.74 |
| — | +6.5% | -2.9% | +18.4% | +17.1% | +38.4% | +94.8% | -10.0% | -8.1% | +10.0% | -28.1% | +5.0% | -7.3% | -18.1% | -23.2% | -25.5% | -18.7% | -26.1% | -25.3% | +2.0% | +17.0% | |
| P/B Ratio | 2.51 | 2.32 | 2.40 | 2.00 | 1.99 | 1.98 | 1.91 | 1.50 | 1.59 | 1.42 | 1.35 | 1.51 | 1.46 | 1.22 | 1.32 | 1.59 | 1.64 | 1.62 | 1.82 | 2.13 | 2.08 |
| — | +17.0% | +25.9% | +33.4% | +25.2% | +40.1% | +40.9% | -0.3% | +8.4% | +16.5% | +2.1% | -5.1% | -10.8% | -25.0% | -27.3% | -25.5% | -20.9% | -14.4% | -11.0% | +11.2% | +24.7% | |
| P/FCF | 21.94 | 4.65 | 51.97 | — | 40.63 | 17.98 | 3.71 | 1.88 | — | 11.22 | 1.52 | — | 1.68 | — | — | — | 1.18 | — | — | 10.17 | 3.33 |
| — | -74.1% | +1300.8% | — | — | +60.2% | +143.6% | — | — | — | — | — | +42.7% | — | — | — | -64.7% | — | — | — | -10.5% | |
| EV / EBITDA | -3.46 | 0.40 | -0.76 | -1.46 | -5.76 | -4.71 | -6.54 | -8.19 | -2.93 | -4.63 | -3.21 | -6.65 | -5.08 | -2.23 | -2.61 | -2.61 | -9.82 | -4.49 | -6.05 | -11.94 | -14.09 |
| — | +108.6% | +88.3% | +82.2% | -96.7% | -1.6% | -104.0% | -23.1% | +42.4% | -107.4% | -23.0% | -154.8% | +48.2% | +50.2% | +56.9% | +78.1% | +30.3% | +52.5% | +47.9% | -20.0% | +19.7% | |
| EV / EBIT | -5.61 | 0.40 | -0.90 | -1.87 | -7.57 | -6.20 | -8.81 | -11.18 | -3.83 | -6.05 | -3.70 | -10.55 | -10.97 | -3.04 | -3.51 | -3.52 | -17.46 | -5.70 | -7.55 | -15.00 | -17.76 |
| — | +106.5% | +89.7% | +83.3% | -97.7% | -2.5% | -138.0% | -6.0% | +65.1% | -98.6% | -5.3% | -199.6% | +37.2% | +46.6% | +53.5% | +76.5% | +1.7% | +51.8% | +48.5% | -20.3% | +24.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 99.8% | 100.2% | 100.1% | 100.0% | 100.8% | 99.2% | 99.9% | 100.5% | 99.6% | 99.7% | 100.5% | 99.3% | 99.2% | 100.9% | 99.1% | 99.7% | 100.0% | 99.7% | 99.9% | 100.7% |
| — | -1.1% | +1.0% | +0.2% | -0.5% | +1.3% | -0.5% | -0.6% | +1.3% | +0.4% | -1.2% | +1.4% | -0.4% | -0.8% | +1.1% | -0.7% | -1.0% | -0.8% | -1.9% | -2.0% | +0.5% | |
| Operating Margin | 28.8% | 34.7% | 39.5% | 31.8% | 29.5% | 30.6% | 28.3% | 26.9% | 30.3% | 30.5% | 43.2% | 17.6% | 9.4% | 25.2% | 25.1% | 25.4% | 12.5% | 29.9% | 30.6% | 29.7% | 30.6% |
| — | +13.5% | +39.6% | +18.2% | -2.8% | +0.2% | -34.6% | +52.3% | +221.4% | +21.4% | +72.3% | -30.7% | -24.7% | -15.8% | -18.2% | -14.4% | -59.0% | -5.7% | -0.5% | -5.1% | +24.6% | |
| Net Margin | 21.5% | 28.0% | 29.4% | 23.8% | 21.9% | 22.6% | 21.1% | 20.2% | 23.2% | 23.6% | 33.0% | 13.0% | 7.3% | 19.0% | 18.9% | 19.2% | 10.3% | 22.5% | 22.5% | 22.7% | 24.4% |
| — | +24.0% | +39.2% | +17.9% | -5.6% | -4.3% | -36.1% | +55.0% | +217.5% | +24.4% | +74.8% | -32.0% | -28.6% | -15.6% | -15.9% | -15.3% | -58.0% | -7.1% | -3.6% | -4.4% | +54.0% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.5% | 4.8% | 6.0% | 4.1% | 3.6% | 3.5% | 3.3% | 3.1% | 3.6% | 3.7% | 7.2% | 1.8% | 1.0% | 2.8% | 2.9% | 2.9% | 1.4% | 3.6% | 3.5% | 3.3% | 3.4% |
| — | +35.5% | +83.4% | +32.6% | +0.8% | -3.2% | -54.8% | +70.7% | +274.4% | +31.1% | +153.3% | -38.9% | -31.8% | -21.9% | -18.9% | -11.9% | -58.9% | +7.1% | +11.5% | +2.5% | +64.1% | |
| ROA | 1.0% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% | 0.3% | 0.6% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% |
| — | +38.7% | +79.0% | +22.2% | -8.3% | -10.1% | -56.3% | +74.8% | +284.5% | +37.5% | +165.7% | -36.0% | -23.1% | -13.0% | -10.1% | +0.1% | -57.1% | +7.2% | +9.5% | -2.8% | +53.9% | |
| ROIC | 6.0% | 2.0% | 2.7% | 1.8% | 1.6% | 1.6% | 1.4% | 1.4% | 1.5% | 1.5% | 3.0% | 0.8% | 0.4% | 0.9% | 0.9% | 1.1% | 0.5% | 1.7% | 2.1% | 2.0% | 1.8% |
| — | +27.8% | +88.7% | +32.2% | +5.8% | +4.2% | -52.4% | +79.1% | +324.4% | +66.4% | +230.2% | -33.3% | -33.1% | -44.9% | -55.8% | -42.0% | -70.0% | -5.3% | +23.9% | +12.2% | +48.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.27 | 1.19 | 1.18 | 1.26 | 1.27 | 1.21 | 1.30 | 1.25 | 1.25 | 1.31 | 1.32 | 1.36 | 1.45 | 1.66 | 2.36 | 1.82 | 1.32 | 1.44 | 0.82 | 0.64 | 0.70 |
| — | -1.1% | -9.3% | +0.6% | +1.4% | -8.0% | -1.6% | -7.8% | -13.7% | -21.1% | -44.3% | -25.2% | +9.9% | +15.7% | +187.4% | +182.6% | +88.0% | +68.4% | -4.2% | -26.0% | -14.6% | |
| Debt / EBITDA | 5.28 | 20.04 | 12.48 | 18.24 | 19.97 | 19.19 | 21.94 | 22.67 | 20.58 | 21.34 | 12.32 | 35.69 | 54.75 | 33.30 | 46.31 | 35.16 | 43.85 | 23.83 | 13.50 | 11.43 | 13.12 |
| — | +4.4% | -43.1% | -19.6% | -3.0% | -10.1% | +78.2% | -36.5% | -62.4% | -35.9% | -73.4% | +1.5% | +24.9% | +39.7% | +243.0% | +207.6% | +234.1% | +51.8% | -18.2% | -28.7% | -31.5% | |
| Current Ratio | 0.41 | 0.77 | 4.99 | 4.75 | 0.41 | 0.52 | 0.52 | 0.52 | 0.45 | 0.49 | 0.48 | 0.44 | 0.54 | 0.42 | 0.49 | 0.48 | 0.59 | 0.44 | 0.43 | 0.50 | 0.68 |
| — | +49.8% | +853.8% | +816.4% | -9.5% | +6.2% | +9.6% | +18.7% | -15.7% | +16.8% | -2.3% | -8.9% | -9.6% | -5.2% | +14.4% | -4.1% | -12.8% | -11.0% | -19.9% | -8.7% | -8.7% | |
| Quick Ratio | 0.41 | 0.77 | 4.99 | 4.75 | 0.41 | 0.52 | 0.52 | 0.52 | 0.45 | 0.49 | 0.48 | 0.44 | 0.54 | 0.42 | 0.49 | 0.48 | 0.59 | 0.44 | 0.43 | 0.50 | 0.68 |
| — | +49.8% | +853.8% | +816.4% | -9.5% | +6.2% | +9.6% | +18.7% | -15.7% | +16.8% | -2.3% | -8.9% | -9.6% | -5.2% | +14.4% | -4.1% | -12.8% | -11.0% | -19.9% | -8.7% | -8.7% | |
| Interest Coverage | 0.38 | 0.57 | 0.70 | 0.44 | 0.42 | 0.40 | 0.35 | 0.33 | 0.35 | 0.31 | 0.59 | 0.15 | 0.08 | 0.29 | 0.36 | 0.48 | 0.30 | 1.83 | 8.18 | 204.32 | 299.76 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying NTRS stock.
Northern Trust Corporation's current P/E is 13.0x. The average P/E over the last 4 quarters is 12.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Northern Trust Corporation's current operating margin is 28.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Northern Trust Corporation's business trajectory between earnings reports.