Northern Trust (NTRS) EV to FCF (2015 - 2026)
Northern Trust's EV to FCF was 71.44 in Q2 2026, up 637.9% from 9.68 a year earlier and up 561.9% from the prior quarter.
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Analysis
Northern Trust (NTRS) EV to FCF (2015 - 2026) Analysis & Trends
For FY2025, EV to FCF at Northern Trust came in at 4.66.
- In earlier years, EV to FCF was 6.90 in FY2023 (-14.9%), 8.11 in FY2022 (-58.9%) and 19.71 in FY2021 (+79.0%).
- The Q2 2026 figure marks the highest quarterly EV to FCF since Q3 2022.
- Compared with a year earlier, EV to FCF was higher in four of the last six quarters, with growth averaging 167.7%.
- The best year-over-year quarter for EV to FCF over five years was Q2 2026 (growth of 637.9%); the worst was Q3 2023 (a decline of 96.2%).
- Per Business Quant data, NTRS's EV to FCF in the three quarters before Q2 2026 was 10.79 (Q1 2026), 4.66 (Q4 2025) and 10.48 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Robinhood Markets | 101.14 Bn | 82.23 Bn | - |
| 2 | Bank of New York Mellon | 98.14 Bn | 37.51 Bn | - |
| 3 | Cme | 94.12 Bn | 94.12 Bn | - |
| 4 | Intercontinental Exchange | 85.35 Bn | 79.16 Bn | - |
| 5 | Nasdaq | 51.71 Bn | 49.14 Bn | 1.50 Bn |
| 6 | State Street | 47.94 Bn | 47.94 Bn | - |
| 7 | Interactive Brokers | 38.49 Bn | 31.95 Bn | - |
| 8 | Northern Trust | 30.99 Bn | 30.99 Bn | - |
| 9 | Cboe Global Markets | 28.76 Bn | 20.41 Bn | 731.60 Mn |
| 10 | LPL Financial Holdings | 24.08 Bn | 19.40 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 71.44 |
| Mar 31, 2026 | 10.79 |
| Dec 31, 2025 | 4.66 |
| Sep 30, 2025 | 10.48 |
| Jun 30, 2025 | 9.68 |
| Mar 31, 2025 | 5.31 |
| Sep 30, 2024 | 3.70 |
| Jun 30, 2024 | 3.93 |
| Mar 31, 2024 | 14.93 |
| Dec 31, 2023 | 6.90 |
| Sep 30, 2023 | 3.72 |
| Jun 30, 2023 | 5.33 |
| Mar 31, 2023 | 13.44 |
| Dec 31, 2022 | 8.11 |
| Sep 30, 2022 | 98.46 |
| Jun 30, 2022 | 12.92 |
| Mar 31, 2022 | 12.61 |
| Dec 31, 2021 | 19.71 |
| Sep 30, 2021 | 32.34 |
| Jun 30, 2021 | 181.98 |
API Access
Northern Trust EV to FCF 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-fcf&ticker=NTRS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=NTRS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();