Northern Trust (NTRS) EV to CFO (2015 - 2026)
Northern Trust's (NTRS) EV to CFO was 60.10 for Q2 2026, up 543.4% from 9.34 a year earlier and up 473.3% from the prior quarter.
Powered by 
Analysis
Northern Trust (NTRS) EV to CFO (2015 - 2026) Analysis & Trends
For FY2025, EV to CFO at Northern Trust was 4.60.
- By year, EV to CFO came in at 6.59 in FY2023 (-14.0%), 7.67 in FY2022 (-58.1%) and 18.33 in FY2021 (+79.2%).
- The Q2 2026 figure ranks as the highest quarterly EV to CFO since Q3 2022.
- Year over year, EV to CFO gained in four of the last six quarters, with growth averaging 151.6%.
- The high point for year-over-year EV to CFO in five years was Q2 2026 (growth of 543.4%); the low point was Q3 2023 (a decline of 94.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 10.48 (Q1 2026), 4.60 (Q4 2025) and 10.14 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 104.48 Bn | 85.58 Bn | - |
| 2 | Bank of New York Mellon | 99.71 Bn | 39.09 Bn | - |
| 3 | Cme | 94.57 Bn | 94.57 Bn | - |
| 4 | Intercontinental Exchange | 85.38 Bn | 79.19 Bn | - |
| 5 | Nasdaq | 51.62 Bn | 49.05 Bn | 1.50 Bn |
| 6 | State Street | 48.84 Bn | 48.84 Bn | - |
| 7 | Interactive Brokers | 38.83 Bn | 32.29 Bn | - |
| 8 | Northern Trust | 31.65 Bn | 31.65 Bn | - |
| 9 | Cboe Global Markets | 27.38 Bn | 19.03 Bn | 731.60 Mn |
| 10 | LPL Financial Holdings | 24.26 Bn | 19.58 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.10 |
| Mar 31, 2026 | 10.48 |
| Dec 31, 2025 | 4.60 |
| Sep 30, 2025 | 10.14 |
| Jun 30, 2025 | 9.34 |
| Mar 31, 2025 | 5.16 |
| Sep 30, 2024 | 3.60 |
| Jun 30, 2024 | 3.82 |
| Mar 31, 2024 | 13.60 |
| Dec 31, 2023 | 6.59 |
| Sep 30, 2023 | 3.62 |
| Jun 30, 2023 | 5.13 |
| Mar 31, 2023 | 12.40 |
| Dec 31, 2022 | 7.67 |
| Sep 30, 2022 | 63.17 |
| Jun 30, 2022 | 12.11 |
| Mar 31, 2022 | 11.93 |
| Dec 31, 2021 | 18.33 |
| Sep 30, 2021 | 28.32 |
| Jun 30, 2021 | 104.44 |
API Access
Northern Trust EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "NTRS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();