A

Northern Trust Corporation — Earnings Quality Grade A

NTRS · Financial Services

Strong financial health

Revenue
$8.1B
2025
Net Income
$1.7B
2025
Gross Margin
Free Cash Flow
$4.8B
01

Screening Summary

10
Passed
0
Watch
0
Failed
M-Score
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

Insufficient data

A2AR vs Revenue Growth

Insufficient data

A3Revenue vs CFFO

Revenue -2.5%, CFFO 1238.6%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth 3.8% vs revenue -2.5%. Normal

B3SG&A Ratio

Insufficient data

B4Gross Margin

Insufficient data

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 3.19. Profits backed by cash

C2Free Cash Flow

FCF $4.8B, FCF/NI = 2.74

C3Accruals Ratio

Accruals ratio = -2.1%. Low accruals

C4Cash vs Debt

Cash $61.1B covers debt $14.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.7B = 6% of equity. Manageable

D2Leverage

Insufficient data

D3Soft Asset Growth

Insufficient data

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change 3% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

Insufficient data

Altman Z-Score — Not Applicable

Northern Trust Corporation is a financial company. Z-Score is designed for non-financial companies.

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09

Northern Trust Corporation (NTRS) Earnings Quality Grade A — EarningsGrade