Northern Trust Corp
$138.37B- Market cap
- $34.15B
- Debt
- +$161.70B
- Cash
- −$57.47B
Capital structure 17% equity / 83% debt · EV / Revenue 17.11x · EV / EBITDA 16.16x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 · Mkt cap
Decision snapshot: NTRS stock price near parity vs NXT $186.63 current versus $192.33 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at NXT's multiple
Implied fair value · at NTRS's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: NTRS FY 2025 (ended Dec 31, 2025) · NXT FY 2026 (ended Mar 31, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 17% equity / 83% debt · EV / Revenue 17.11x · EV / EBITDA 16.16x
Capital structure 92% equity / 8% debt · EV / Revenue 3.21x · EV / EBITDA 15.31x
NTRS carries the larger enterprise value at $138.37B against $11.41B; NXT trades on the lower EV / Revenue multiple (3.21x vs 17.11x); NXT on the lower EV / EBITDA (15.31x vs 16.16x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
NORTHERN TRUST CORP · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Nextpower Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
12.48x
0.42x
Net debt / EBITDA
Leverage against operating earnings
12.17x
-0.17x
Cash and equivalents
Liquid reserves on the balance sheet
$57.47B
$1.09B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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