vs
高德纳（IT）与Northern Trust（NTRS）财务数据对比。点击上方公司名可切换其他公司
Northern Trust的季度营收约是高德纳的1.3倍（$2.2B vs $1.8B），Northern Trust净利率更高（23.7% vs 13.8%，领先9.9%），Northern Trust同比增速更快（13.8% vs 2.2%），过去两年Northern Trust的营收复合增速更高（37.8% vs 9.1%）
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
Northern Trust是总部位于美国伊利诺伊州芝加哥的专业金融服务企业，主要服务对象包括各类企业、机构投资者以及超高净值个人客户，是美国规模最大、持续运营历史最悠久的银行机构之一。截至2025年12月末，其管理资产规模达1.8万亿美元，托管资产规模达14.9万亿美元。
IT vs NTRS — 直观对比
营收规模更大
NTRS
是对方的1.3倍
$1.8B
营收增速更快
NTRS
高出11.6%
2.2%
净利率更高
NTRS
高出9.9%
13.8%
两年增速更快
NTRS
近两年复合增速
9.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.2B |
| 净利润 | $242.2M | $525.5M |
| 毛利率 | 67.8% | — |
| 营业利润率 | 19.1% | — |
| 净利率 | 13.8% | 23.7% |
| 营收同比 | 2.2% | 13.8% |
| 净利润同比 | -39.2% | 13.0% |
| 每股收益（稀释后） | $3.36 | $2.71 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ITNTRS
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B |
净利润ITNTRS
| Q1 26 | — | $525.5M | ||
| Q4 25 | $242.2M | $466.0M | ||
| Q3 25 | $35.4M | $457.6M | ||
| Q2 25 | $240.8M | $421.3M | ||
| Q1 25 | $210.9M | $392.0M | ||
| Q4 24 | $398.6M | $455.4M | ||
| Q3 24 | $415.0M | $464.9M | ||
| Q2 24 | $229.5M | $896.1M |
毛利率ITNTRS
| Q1 26 | — | — | ||
| Q4 25 | 67.8% | — | ||
| Q3 25 | 69.3% | — | ||
| Q2 25 | 68.6% | — | ||
| Q1 25 | 69.4% | — | ||
| Q4 24 | 66.8% | — | ||
| Q3 24 | 68.4% | — | ||
| Q2 24 | 68.6% | — |
营业利润率ITNTRS
| Q1 26 | — | — | ||
| Q4 25 | 19.1% | 48.5% | ||
| Q3 25 | 5.7% | 49.0% | ||
| Q2 25 | 19.4% | 45.9% | ||
| Q1 25 | 18.1% | 43.0% | ||
| Q4 24 | 18.5% | 48.6% | ||
| Q3 24 | 16.6% | 50.2% | ||
| Q2 24 | 20.0% | — |
净利率ITNTRS
| Q1 26 | — | 23.7% | ||
| Q4 25 | 13.8% | 35.6% | ||
| Q3 25 | 2.3% | 36.2% | ||
| Q2 25 | 14.3% | 34.2% | ||
| Q1 25 | 13.7% | 32.3% | ||
| Q4 24 | 23.2% | 37.3% | ||
| Q3 24 | 28.0% | 38.9% | ||
| Q2 24 | 14.4% | 76.8% |
每股收益（稀释后）ITNTRS
| Q1 26 | — | $2.71 | ||
| Q4 25 | $3.36 | $2.42 | ||
| Q3 25 | $0.47 | $2.29 | ||
| Q2 25 | $3.11 | $2.13 | ||
| Q1 25 | $2.71 | $1.90 | ||
| Q4 24 | $5.08 | $2.25 | ||
| Q3 24 | $5.32 | $2.22 | ||
| Q2 24 | $2.93 | $4.34 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.7B | — |
| 总债务越低越好 | — | $2.9B |
| 股东权益账面价值 | $319.9M | $13.0B |
| 总资产 | $8.1B | $174.6B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资ITNTRS
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.2B | — |
总债务ITNTRS
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ITNTRS
| Q1 26 | — | $13.0B | ||
| Q4 25 | $319.9M | $13.0B | ||
| Q3 25 | $556.6M | $13.0B | ||
| Q2 25 | $1.5B | $12.9B | ||
| Q1 25 | $1.5B | $12.9B | ||
| Q4 24 | $1.4B | $12.8B | ||
| Q3 24 | $1.1B | $12.7B | ||
| Q2 24 | $646.7M | $12.7B |
总资产ITNTRS
| Q1 26 | — | $174.6B | ||
| Q4 25 | $8.1B | $177.1B | ||
| Q3 25 | $7.2B | $170.3B | ||
| Q2 25 | $8.3B | $171.9B | ||
| Q1 25 | $8.5B | $165.1B | ||
| Q4 24 | $8.5B | $155.5B | ||
| Q3 24 | $7.8B | $155.8B | ||
| Q2 24 | $7.4B | $156.8B |
负债/权益比ITNTRS
| Q1 26 | — | 0.22× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $294.5M | — |
| 自由现金流经营现金流 - 资本支出 | $270.7M | — |
| 自由现金流率自由现金流/营收 | 15.4% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | 1.22× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | — |
8季度趋势，按日历期对齐
经营现金流ITNTRS
| Q1 26 | — | — | ||
| Q4 25 | $294.5M | $388.4M | ||
| Q3 25 | $298.7M | $525.8M | ||
| Q2 25 | $383.6M | $1.9B | ||
| Q1 25 | $313.5M | $2.7B | ||
| Q4 24 | $335.4M | $-2.6B | ||
| Q3 24 | $590.8M | $611.1M | ||
| Q2 24 | $370.0M | $3.0B |
自由现金流ITNTRS
| Q1 26 | — | — | ||
| Q4 25 | $270.7M | $355.6M | ||
| Q3 25 | $269.3M | $509.4M | ||
| Q2 25 | $347.3M | $1.9B | ||
| Q1 25 | $287.9M | $2.7B | ||
| Q4 24 | $311.4M | $-2.7B | ||
| Q3 24 | $565.0M | $585.4M | ||
| Q2 24 | $340.6M | $3.0B |
自由现金流率ITNTRS
| Q1 26 | — | — | ||
| Q4 25 | 15.4% | 27.2% | ||
| Q3 25 | 17.7% | 40.3% | ||
| Q2 25 | 20.6% | 150.8% | ||
| Q1 25 | 18.8% | 225.5% | ||
| Q4 24 | 18.2% | -218.9% | ||
| Q3 24 | 38.1% | 48.9% | ||
| Q2 24 | 21.4% | 254.7% |
资本支出强度ITNTRS
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | 2.5% | ||
| Q3 25 | 1.9% | 1.3% | ||
| Q2 25 | 2.1% | 1.0% | ||
| Q1 25 | 1.7% | 1.0% | ||
| Q4 24 | 1.4% | 3.3% | ||
| Q3 24 | 1.7% | 2.1% | ||
| Q2 24 | 1.8% | 1.8% |
现金转化率ITNTRS
| Q1 26 | — | — | ||
| Q4 25 | 1.22× | 0.83× | ||
| Q3 25 | 8.45× | 1.15× | ||
| Q2 25 | 1.59× | 4.44× | ||
| Q1 25 | 1.49× | 7.01× | ||
| Q4 24 | 0.84× | -5.79× | ||
| Q3 24 | 1.42× | 1.31× | ||
| Q2 24 | 1.61× | 3.34× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
NTRS
| Trust, Investment and Other Servicing Fees | $1.3B | 61% |
| Other | $871.8M | 39% |
