First American Financial vs Northern Trust
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The short version
- Northern Trust is the larger business, with $8.1B of revenue in fiscal 2025 against $7.5B for First American Financial.
- First American Financial grew revenue faster (21.6%, against β2.5%).
| Latest fiscal year | FAF Β· FY25 | NTRS Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $6.7B | $32.3B |
| Revenue | $7.5B | $8.1B |
| Free cash flow | β | β |
| Net income | $622M | $1.7B |
| Growth | ||
| Revenue growth | 21.6% | β2.5% |
| 5-year growth | 1.0% | 5.8% |
| Share count change | β0.6% | β4.8% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 8.3% | 21.5% |
| FCF margin | β | β |
| Return on capital | β | β |
| Return on equity | 12.0% | 13.5% |
| Balance sheet | ||
| Net debt | β | β |
| Net debt / EBITDA | β | β |
| Dividends and buybacks | $345M | $1.9B |
| Valuation & quality | ||
| P/E | 9.1x | β |
| Piotroski F-score | β | β |
Revenue
FY16
FAF $5.6B
NTRS $5.0B
FY17
FAF $5.8B
NTRS $5.4B
FY18
FAF $5.7B
NTRS $6.0B
FY19
FAF $6.2B
NTRS $6.1B
FY20
FAF $7.1B
NTRS $6.1B
FY21
FAF $9.2B
NTRS $6.5B
FY22
FAF $7.6B
NTRS $6.8B
FY23
FAF $6.0B
NTRS $6.8B
FY24
FAF $6.1B
NTRS $8.3B
FY25
FAF $7.5B
NTRS $8.1B
FAF
NTRS
Operating margin
FY16
FAF β
NTRS β
FY17
FAF β
NTRS β
FY18
FAF β
NTRS β
FY19
FAF β
NTRS β
FY20
FAF β
NTRS β
FY21
FAF β
NTRS β
FY22
FAF β
NTRS β
FY23
FAF β
NTRS β
FY24
FAF β
NTRS β
FY25
FAF β
NTRS β
FAF
NTRS
Free cash flow
FY16
FAF β
NTRS β
FY17
FAF β
NTRS β
FY18
FAF β
NTRS β
FY19
FAF β
NTRS β
FY20
FAF β
NTRS β
FY21
FAF β
NTRS β
FY22
FAF β
NTRS β
FY23
FAF β
NTRS β
FY24
FAF β
NTRS β
FY25
FAF β
NTRS β
FAF
NTRS
Return on capital
FY16
FAF β
NTRS β
FY17
FAF β
NTRS β
FY18
FAF β
NTRS β
FY19
FAF β
NTRS β
FY20
FAF β
NTRS β
FY21
FAF β
NTRS β
FY22
FAF β
NTRS β
FY23
FAF β
NTRS β
FY24
FAF β
NTRS β
FY25
FAF β
NTRS β
FAF
NTRS
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.