Northern TrustLTS:0K91 -1.22%78 Net Margin % is 23.83% as of Mar. 2026, which is 9% above its 10-year median of 21.90. GuruFocus rates LTS:0K91 with a GF Score™ of 78/100 and a GF Value™ of $117.42 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,576 Asset Management companies, Northern Trust ranks worse than 70.88% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Northern Trust's Net Income for the
three
months ended in Mar. 2026 was $526 Mil. Northern Trust's Revenue for the
three
months ended in Mar. 2026 was $2,206 Mil. Therefore, Northern Trust's net margin for the quarter that ended in Mar. 2026 was 23.83%.
The historical rank and industry rank for Northern Trust's Net Margin % or its related term are showing as below:
LTS:0K91'
s Net Margin % Range Over the Past 10 Years
Min: 16.35 Med: 21.9 Max: 26.11
Current: 22.39
LTS:0K91's Net Margin % is ranked worse than 70.88% of 1576
companies
in the Asset Management industry
Industry Median: 84.895
vs LTS:0K91: 22.39
Northern Trust (LTS:0K91) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Northern Trust Net Margin % Related Terms
Northern Trust Net Margin % Historical Data
* Premium members only.
The historical data trend for Northern Trust's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LTS:0K91 vs ARES, RJF, TROW: Net Margin % Comparison
For the Asset Management subindustry, Northern Trust's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Northern Trust Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Northern Trust's Net Margin % distribution charts can be found below:
* The bar in red indicates where Northern Trust's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Northern Trust (LTS:0K91) has a Net Margin % of 23.83% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Northern Trust and its competitors. This is near median its historical median of 21.90. Over the past decade, Northern Trust's Net Margin % has ranged from 16.35 to 26.11. According to the industry distribution chart, Northern Trust ranks #1117 out of 1576 companies in the Asset Management industry, placing it in the top 70.9%.
Is Northern Trust's Net Margin % too high?
Northern Trust's current Net Margin % of 23.83% is near median its 10-year median of 21.90. Over the past 10 years, this metric has ranged from a low of 16.35 to a high of 26.11. The Asset Management industry median Net Margin % is 84.90. Northern Trust's value of 23.83% is 71.9% below this industry median. Based on the distribution chart, Northern Trust ranks #1117 out of 1576 companies in the Asset Management industry, which is below the industry midpoint. Overall, Northern Trust has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Trust's Net Margin % compare to ARES and RJF?
According to the Asset Management industry distribution chart, Northern Trust ranks #1117 out of 1576 companies for Net Margin %. This places Northern Trust in the lower half of its industry. The industry median Net Margin % is 84.90. Northern Trust's value of 23.83% is 71.9% below this benchmark. Historically, Northern Trust's own Net Margin % has ranged from 16.35 to 26.11 over the past decade. While the company's 10-year median is 21.90 vs. the industry median of 84.90, Northern Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 84.90, based on 1,576 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northern Trust's current Net Margin % of 23.83% is 71.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Northern Trust and its competitors. For the Asset Management industry, the median Net Margin % is 84.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Trust's current Net Margin % is 23.83%, which is near median its own 10-year median of 21.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Trust stock overvalued right now?
Based on GuruFocus' analysis, Northern Trust (LTS:0K91) is currently considered Significantly Overvalued. The stock's GF Value™ is $117.42, compared to a current price of $173.63 — trading 47.9% above its estimated fair value. The current Net Margin % is 23.83%, which is near median its 10-year median of 21.90 and 71.9% below the Asset Management industry median of 84.90. Northern Trust's overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Northern Trust (LTS:0K91), the current Net Margin % is 23.83% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Northern Trust (LTS:0K91) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Trust stock appears to be overvalued.
The current stock price of $173.63 is trading 47.9% above its estimated GF Value™ of $117.42.
GuruFocus considers Northern Trust to be Significantly Overvalued.
Key valuation signals for LTS:0K91:
Net Margin %: 23.83% (near median its 10-year median of 21.90)
GF Value™: $117.42 vs. price of $173.63 (47.9% above fair value)
Industry Position: 71.9% below the Asset Management median (#1117 of 1576)
No single metric tells the full story. See the LTS:0K91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Trust is a leading provider of wealth management, asset servicing, asset management, and banking to corporations, institutions, affluent families, and individuals. Founded in Chicago in 1889, Northern Trust has offices in 20 states and Washington, D.C. as well as 23 locations in Canada, Europe, the Middle East, and Asia-Pacific. As of December 2025, Northern Trust had assets under custody or administration of $18.7 trillion and assets under management of $1.8 trillion.
78GF Score
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