Northern Trust Corporation (NTRS) — Free Cash Flow Generation Index
Northern Trust Corporation (NTRS) has a Free Cash Flow Generation Index of 0.41x as of December 2025. Free cash flow of $158.50 Million represents 0% of operating cash flow ($388.40 Million). Explore Northern Trust Corporation capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Northern Trust Corporation Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Northern Trust Corporation across 36 annual periods. For the full cash flow conversion analysis, see how efficiently does Northern Trust Corporation generate cash.
Annual Free Cash Flow Generation for Northern Trust Corporation (1989–2025)
Year-by-year Free Cash Flow Generation Index for Northern Trust Corporation. Check Northern Trust Corporation investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.99x | $5.46 Billion | $5.53 Billion | $74.00 Million | ▲ +32.9% |
| 2023 | 0.74x | $1.95 Billion | $2.63 Billion | $675.80 Million | ▼ -21.5% |
| 2022 | 0.95x | $2.26 Billion | $2.39 Billion | $128.60 Million | ▲ +1.8% |
| 2021 | 0.93x | $1.26 Billion | $1.36 Billion | $95.50 Million | ▲ +0.1% |
| 2020 | 0.93x | $1.76 Billion | $1.90 Billion | $135.80 Million | ▼ -1.1% |
| 2019 | 0.94x | $2.43 Billion | $2.59 Billion | $158.00 Million | ▲ +31.6% |
| 2018 | 0.71x | $1.26 Billion | $1.77 Billion | $506.00 Million | ▼ -1.6% |
| 2017 | 0.73x | $1.25 Billion | $1.72 Billion | $472.80 Million | ▲ +5.6% |
| 2016 | 0.69x | $1.04 Billion | $1.51 Billion | $473.40 Million | ▼ -10.1% |
| 2015 | 0.76x | $1.40 Billion | $1.83 Billion | $433.50 Million | ▲ +35.8% |
| 2014 | 0.56x | $526.50 Million | $936.00 Million | $409.50 Million | ▲ +3.9% |
| 2013 | 0.54x | $454.40 Million | $839.30 Million | $384.90 Million | ▼ -12.2% |
| 2012 | 0.62x | $501.90 Million | $814.40 Million | $312.50 Million | ▼ -12.5% |
| 2011 | 0.70x | $883.20 Million | $1.25 Billion | $371.10 Million | ▲ +16.1% |
| 2010 | 0.61x | $479.10 Million | $790.20 Million | $311.10 Million | ▼ -12.2% |
| 2009 | 0.69x | $700.50 Million | $1.01 Billion | $314.20 Million | ▲ +7.9% |
| 2008 | 0.64x | $547.30 Million | $855.30 Million | $308.00 Million | ▼ -10.1% |
| 2007 | 0.71x | $627.20 Million | $880.70 Million | $253.50 Million | ▲ +84.4% |
| 2006 | 0.39x | $150.00 Million | $388.50 Million | $238.50 Million | ▼ -42.0% |
| 2005 | 0.67x | $388.20 Million | $583.10 Million | $194.90 Million | ▼ -16.4% |
| 2004 | 0.80x | $521.70 Million | $654.80 Million | $133.10 Million | ▼ -5.1% |
| 2003 | 0.84x | $429.50 Million | $511.40 Million | $81.90 Million | ▼ -0.3% |
| 2002 | 0.84x | $588.30 Million | $698.70 Million | $110.40 Million | ▲ +2.3% |
| 2001 | 0.82x | $597.20 Million | $725.50 Million | $128.30 Million | ▲ +30.5% |
| 2000 | 0.63x | $234.00 Million | $371.10 Million | $137.10 Million | ▼ -21.6% |
| 1999 | 0.80x | $410.60 Million | $510.50 Million | $99.90 Million | ▲ +0.1% |
| 1998 | 0.80x | $346.40 Million | $430.90 Million | $84.50 Million | ▲ +12.6% |
| 1997 | 0.71x | $143.60 Million | $201.10 Million | $57.50 Million | ▼ -14.7% |
| 1996 | 0.84x | $291.20 Million | $348.00 Million | $56.80 Million | ▲ +18.7% |
| 1995 | 0.71x | $100.00 Million | $141.80 Million | $41.80 Million | ▼ -20.3% |
| 1994 | 0.88x | $342.90 Million | $387.70 Million | $44.80 Million | ▲ +4.7% |
| 1993 | 0.84x | $266.00 Million | $314.90 Million | $48.90 Million | ▲ +0.7% |
| 1992 | 0.84x | $293.50 Million | $350.00 Million | $56.50 Million | ▼ -1.2% |
| 1991 | 0.85x | $199.80 Million | $235.50 Million | $35.70 Million | ▲ +147.5% |
| 1990 | 0.34x | $45.00 Million | $131.30 Million | $86.30 Million | ▼ -47.4% |
| 1989 | 0.65x | $146.00 Million | $224.00 Million | $78.00 Million | — |