Northern Trust CorporationNTRS
NasdaqGS•Financial Services•Asset Management
Understand cash generation quality and how management allocates capital.
Free cash flow was $-329.40M in the latest quarter (112.0% decrease YoY). FCF margin is -6.4%. Shares outstanding declined by 5.0% year-over-year, indicating buybacks (returning capital to shareholders). Free cash flow is the lifeblood of a business — it funds dividends, buybacks, debt reduction, and reinvestment without relying on external capital.
Free cash flow, earnings quality, and capital allocation