profit from every $100 of sales.
$0$100
Northern
$17.42+0.06% today
-11.9% in 1 year
1-year low $17.391-year high $19.96
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $16.39 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Northern sold, what it kept, and what it did with the cash.
Sales went from $6.76 billion in 2022 to $8.09 billion in 2025, with $1.74 billion of profit last year.
SalesProfit
Northern handed back 40% of the cash it generated last year.
Buybacks $1.3B$633M
Free cash flow 2025$4.8B
Bought back its own shares$1.3B
Paid as dividends$633M
Cash vs. debt$61.1B vs. $14.0B
Northern vs. similar companies
Northern grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Northern | 16.4× · Fair price | ||
 JPMorgan Chase | 16.0× · Fair price | ||
 China Construction Bank | 9.2× · Cheap | ||
 Industrial and Commercial Bank of China | 8.2× · Cheap | ||
 Agricultural Bank of China | 8.7× · Cheap |
AI analysis
An AI analyst reads Northern's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 6,761 | 6,774 | 8,290 | 8,086 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 1,336 | 1,107 | 2,031 | 1,737 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 19.8% | 16.3% | 24.5% | 21.5% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 155,037 | 150,783 | 155,508 | 177,133 |
| Cash | 46,626 | 41,057 | 45,397 | 61,127 |
| Total debt | 12,383 | 13,406 | 13,372 | 13,994 |
| Total liabilities | 143,777 | 138,885 | 142,720 | 164,175 |
| 11,260 | 11,898 | 12,788 | 12,958 | |
| – | – | – | – | |
| – | – | – | – | |
| 11.9% | 9.3% | 15.9% | 13.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 2,392 | 2,626 | -486 | 5,534 | |
| 724 | 676 | 746 | 774 | |
| 1,669 | 1,950 | -1,232 | 4,759 | |
| Dividends paid | 797 | 663 | 644 | 633 |
| 35 | 348 | 938 | 1,274 | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 16.4×
- 1.6×
- –
- 2.4×
- 2.1×
- 6.1%
- 2.4%
Profitability
- 21.5%
- 1.1%
- 5.9%
- 14.5%
- 1.1%
Growth
- +6.1%
- –
- −2.9%
- −2.6%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 25%of 758
Bottom 39%of 604
Bottom 40%of 874
Bottom 40%of 887
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 21, 2026 | 2.71 | 2.32 | +16.8% |
| Jan 22, 2026 | 2.69 | 2.37 | +13.5% |
| Oct 21, 2025 | 2.40 | 2.26 | +6.2% |
| Jul 23, 2025 | 2.18 | 2.06 | +5.8% |
| Apr 22, 2025 | 2.00 | 1.85 | +8.1% |
| Jan 23, 2025 | 2.30 | 2.01 | +14.4% |
| Oct 23, 2024 | 2.32 | 1.74 | +33.3% |
| Jul 17, 2024 | 4.40 | 1.75 | +151.4% |
2.4%of the share price, paid each year
On $1,000 invested$24a year at today's yield, before tax
−2.9%2020 to 2025
Raised–not every year
Paid per share, each year
$1.36 in 2020 → $1.18 in 2025
How safe it looks
36.5% of its profit
Room to growStretchedMore than it earns: 13.3%
News
Northern Trust Corporation 4.7% DP SH PF E declares $0.2938 dividendSeeking Alpha · Oct 21, 2026PG&E says fire conditions threaten power shutoffs this week across northern CaliforniaSeeking Alpha · Oct 13, 2026Northern Star shares pop as Australia's largest gold miner rejects $27 billion takeover proposalCNBC · Sep 28, 2026Northern Star rejects Gold Fields' $27B takeover proposalSeeking Alpha · Sep 28, 2026From Trump’s takeover threats to a ‘northern neighborhood,’ why the EU chief is going to GreenlandCNBC · Sep 5, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
62Pass
Benjamin Graham
66Pass
Philip Fisher
61Pass
Peter Lynch
56No pass
Joel Greenblatt
14No pass
Charlie Munger
59No pass
Terry Smith
50No pass
Questions about Northern
Is Northern a good stock to buy?
A strong, very profitable business at a fair price. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Northern AI analysis
What does Northern do?
Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It is in Banks - Diversified.
Does Northern pay a dividend?
Yes. At today's price the dividend is 2.4% a year, about 36% of its yearly profit. In 2025 it paid out $633 million in dividends.
Is Northern stock halal?
No. Northern does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Northern stock done over the past year?
Down 11.9% over the past twelve months, to $17.42. It traded between $17.39 and $19.96 and is 12.7% below its high.
Who are Northern's competitors?
The largest listed companies in the same industry are JPMorgan Chase, China Construction Bank, Industrial and Commercial Bank of China and Agricultural Bank of China. The peers table on this page compares their profit, growth and price with Northern's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.