Northern Trust Corporation (NTRS) - Net Assets
Based on the latest financial reports, Northern Trust Corporation (NTRS) has net assets worth $12.96 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($177.13 Billion) and total liabilities ($164.17 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NTRS asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $12.96 Billion |
| % of Total Assets | 7.32% |
| Annual Growth Rate | 8.95% |
| 5-Year Change | -92.66% |
| 10-Year Change | 32.62% |
| Growth Volatility | 222.34 |
Northern Trust Corporation - Net Assets Trend (1989–2025)
This chart illustrates how Northern Trust Corporation's net assets have evolved over time, based on quarterly financial data. Also explore NTRS total assets for the complete picture of this company's asset base.
Annual Net Assets for Northern Trust Corporation (1989–2025)
The table below shows the annual net assets of Northern Trust Corporation from 1989 to 2025. For live valuation and market cap data, see NTRS market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $12.96 Billion | +1.33% |
| 2024-12-31 | $12.79 Billion | +7.48% |
| 2023-12-31 | $11.90 Billion | +5.67% |
| 2022-12-31 | $11.26 Billion | -93.63% |
| 2021-12-31 | $176.65 Billion | +9.45% |
| 2020-12-31 | $161.40 Billion | +1355.26% |
| 2019-12-31 | $11.09 Billion | +5.55% |
| 2018-12-31 | $10.51 Billion | +2.86% |
| 2017-12-31 | $10.22 Billion | +4.56% |
| 2016-12-31 | $9.77 Billion | +12.23% |
| 2015-12-31 | $8.71 Billion | +3.04% |
| 2014-12-31 | $8.45 Billion | +6.79% |
| 2013-12-31 | $7.91 Billion | +5.11% |
| 2012-12-31 | $7.53 Billion | +5.76% |
| 2011-12-31 | $7.12 Billion | +4.20% |
| 2010-12-31 | $6.83 Billion | +8.21% |
| 2009-12-31 | $6.31 Billion | -1.21% |
| 2008-12-31 | $6.39 Billion | +41.70% |
| 2007-12-31 | $4.51 Billion | +14.33% |
| 2006-12-31 | $3.94 Billion | +9.53% |
| 2005-12-31 | $3.60 Billion | +9.26% |
| 2004-12-31 | $3.30 Billion | +7.87% |
| 2003-12-31 | $3.06 Billion | +1.85% |
| 2002-12-31 | $3.00 Billion | +8.16% |
| 2001-12-31 | $2.77 Billion | +12.64% |
| 2000-12-31 | $2.46 Billion | +13.22% |
| 1999-12-31 | $2.17 Billion | +12.08% |
| 1998-12-31 | $1.94 Billion | +11.58% |
| 1997-12-31 | $1.74 Billion | +12.62% |
| 1996-12-31 | $1.54 Billion | +6.30% |
| 1995-12-31 | $1.45 Billion | +13.42% |
| 1994-12-31 | $1.28 Billion | +11.20% |
| 1993-12-31 | $1.15 Billion | +13.97% |
| 1992-12-31 | $1.01 Billion | +23.13% |
| 1991-12-31 | $820.70 Million | +15.84% |
| 1990-12-31 | $708.50 Million | +19.84% |
| 1989-12-31 | $591.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northern Trust Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5429.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $12.66 Billion | 97.73% |
| Common Stock | $12.07 Billion | 93.17% |
| Other Comprehensive Income | $-590.50 Million | -4.56% |
| Total Equity | $12.96 Billion | 100.00% |
Northern Trust Corporation Competitors by Market Cap
The table below lists competitors of Northern Trust Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WUS Printed Circuit Kunshan Co Ltd
SHE:002463
|
$28.88 Billion |
|
TRIP.COM GROUP DL-00125
F:CLVB
|
$28.89 Billion |
|
Tapestry Inc
NYSE:TPR
|
$28.90 Billion |
|
Nokia Oyj
HE:NOKIA
|
$28.99 Billion |
|
Natera Inc
NASDAQ:NTRA
|
$28.77 Billion |
|
Kongsberg Gruppen ASA
OL:KOG
|
$28.69 Billion |
|
adidas AG
F:ADS
|
$28.67 Billion |
|
Devon Energy Corporation
NYSE:DVN
|
$28.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northern Trust Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,788,400,000 to 12,957,900,000, a change of 169,500,000 (1.3%).
- Net income of 1,736,900,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 223,500,000.
- Other factors decreased equity by 1,790,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.74 Billion | +13.4% |
| Other Comprehensive Income | $223.50 Million | +1.72% |
| Other Changes | $-1.79 Billion | -13.82% |
| Total Change | $- | 1.33% |
Book Value vs Market Value Analysis
This analysis compares Northern Trust Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 57.72x to 2.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $2.85 | $164.48 | x |
| 1990-12-31 | $3.37 | $164.48 | x |
| 1991-12-31 | $3.85 | $164.48 | x |
| 1992-12-31 | $4.67 | $164.48 | x |
| 1993-12-31 | $5.27 | $164.48 | x |
| 1994-12-31 | $5.68 | $164.48 | x |
| 1995-12-31 | $6.25 | $164.48 | x |
| 1996-12-31 | $6.75 | $164.48 | x |
| 1997-12-31 | $7.58 | $164.48 | x |
| 1998-12-31 | $8.45 | $164.48 | x |
| 1999-12-31 | $9.46 | $164.48 | x |
| 2000-12-31 | $10.68 | $164.48 | x |
| 2001-12-31 | $12.11 | $164.48 | x |
| 2002-12-31 | $13.28 | $164.48 | x |
| 2003-12-31 | $13.64 | $164.48 | x |
| 2004-12-31 | $15.01 | $164.48 | x |
| 2005-12-31 | $16.25 | $164.48 | x |
| 2006-12-31 | $17.78 | $164.48 | x |
| 2007-12-31 | $20.21 | $164.48 | x |
| 2008-12-31 | $28.52 | $164.48 | x |
| 2009-12-31 | $26.70 | $164.48 | x |
| 2010-12-31 | $28.17 | $164.48 | x |
| 2011-12-31 | $29.43 | $164.48 | x |
| 2012-12-31 | $31.25 | $164.48 | x |
| 2013-12-31 | $32.89 | $164.48 | x |
| 2014-12-31 | $35.54 | $164.48 | x |
| 2015-12-31 | $37.17 | $164.48 | x |
| 2016-12-31 | $42.64 | $164.48 | x |
| 2017-12-31 | $44.49 | $164.48 | x |
| 2018-12-31 | $46.81 | $164.48 | x |
| 2019-12-31 | $51.44 | $164.48 | x |
| 2020-12-31 | $55.92 | $164.48 | x |
| 2021-12-31 | $57.52 | $164.48 | x |
| 2022-12-31 | $53.91 | $164.48 | x |
| 2023-12-31 | $57.32 | $164.48 | x |
| 2024-12-31 | $63.35 | $164.48 | x |
| 2025-12-31 | $68.71 | $164.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northern Trust Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.40%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.15%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 13.67x
- Recent ROE (13.40%) is below the historical average (14.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 19.15% | 9.20% | 0.11x | 18.50x | $54.08 Million |
| 1990 | 16.29% | 8.72% | 0.11x | 16.64x | $44.55 Million |
| 1991 | 15.52% | 10.11% | 0.10x | 16.07x | $45.33 Million |
| 1992 | 14.79% | 12.14% | 0.08x | 14.80x | $48.45 Million |
| 1993 | 14.58% | 13.34% | 0.07x | 14.68x | $52.73 Million |
| 1994 | 14.23% | 12.32% | 0.08x | 14.49x | $54.13 Million |
| 1995 | 15.15% | 12.34% | 0.09x | 13.72x | $74.74 Million |
| 1996 | 16.76% | 13.40% | 0.09x | 13.99x | $104.39 Million |
| 1997 | 17.79% | 13.65% | 0.09x | 14.56x | $135.50 Million |
| 1998 | 18.24% | 13.75% | 0.09x | 14.36x | $159.87 Million |
| 1999 | 18.62% | 14.44% | 0.10x | 13.20x | $187.53 Million |
| 2000 | 19.70% | 13.56% | 0.10x | 14.63x | $238.88 Million |
| 2001 | 17.58% | 14.80% | 0.08x | 14.30x | $210.15 Million |
| 2002 | 14.90% | 16.11% | 0.07x | 13.16x | $147.12 Million |
| 2003 | 13.25% | 15.58% | 0.06x | 13.57x | $99.27 Million |
| 2004 | 15.34% | 17.87% | 0.06x | 13.74x | $176.04 Million |
| 2005 | 16.23% | 16.49% | 0.07x | 14.83x | $224.32 Million |
| 2006 | 16.87% | 14.78% | 0.07x | 15.39x | $271.01 Million |
| 2007 | 16.12% | 13.35% | 0.08x | 14.99x | $275.99 Million |
| 2008 | 12.44% | 14.41% | 0.07x | 12.84x | $155.86 Million |
| 2009 | 13.69% | 20.09% | 0.05x | 13.01x | $232.99 Million |
| 2010 | 9.80% | 16.63% | 0.05x | 12.28x | $-13.53 Million |
| 2011 | 8.48% | 14.48% | 0.04x | 14.08x | $-108.13 Million |
| 2012 | 9.13% | 16.39% | 0.04x | 12.95x | $-65.40 Million |
| 2013 | 9.24% | 17.09% | 0.04x | 13.01x | $-59.90 Million |
| 2014 | 9.61% | 17.99% | 0.04x | 13.01x | $-33.09 Million |
| 2015 | 11.19% | 20.47% | 0.04x | 13.41x | $103.21 Million |
| 2016 | 10.57% | 20.56% | 0.04x | 12.68x | $55.46 Million |
| 2017 | 11.74% | 20.98% | 0.04x | 13.57x | $177.38 Million |
| 2018 | 14.81% | 23.37% | 0.05x | 12.58x | $505.57 Million |
| 2019 | 13.45% | 21.64% | 0.05x | 12.34x | $383.10 Million |
| 2020 | 10.35% | 19.19% | 0.04x | 14.54x | $40.47 Million |
| 2021 | 12.86% | 23.82% | 0.04x | 15.30x | $343.62 Million |
| 2022 | 11.87% | 17.23% | 0.05x | 13.77x | $210.05 Million |
| 2023 | 9.31% | 9.14% | 0.08x | 12.67x | $-82.49 Million |
| 2024 | 15.88% | 12.79% | 0.10x | 12.16x | $752.26 Million |
| 2025 | 13.40% | 12.15% | 0.08x | 13.67x | $441.11 Million |
Industry Comparison
This section compares Northern Trust Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,282,182,370
- Average return on equity (ROE) among peers: -7.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northern Trust Corporation (NTRS) | $12.96 Billion | 19.15% | 12.67x | $28.77 Billion |
| Acadian Asset Management Inc (AAMI) | $384.40 Million | 74.58% | 2.59x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.60 Billion | 15.33% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $141.30 Million | 14.06% | 0.03x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $17.85 Million | -32.96% | 4.15x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $9.71 Billion | 10.60% | 12.87x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $-303.04 Million | 0.00% | 0.00x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $-641.09 Million | 0.00% | 0.00x | $2.65 Billion |
About Northern Trust Corporation
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 operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investm… Read more