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Northern Trust（NTRS）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是Northern Trust的3.3倍（$7.4B vs $2.2B），美国合众银行净利率更高（27.8% vs 23.7%，领先4.0%），Northern Trust同比增速更快（13.8% vs 5.1%），过去两年Northern Trust的营收复合增速更高（37.8% vs 4.7%）
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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
NTRS vs USB — 直观对比
营收规模更大
USB
是对方的3.3倍
$2.2B
营收增速更快
NTRS
高出8.7%
5.1%
净利率更高
USB
高出4.0%
23.7%
两年增速更快
NTRS
近两年复合增速
4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $7.4B |
| 净利润 | $525.5M | $2.0B |
| 毛利率 | — | — |
| 营业利润率 | — | 34.4% |
| 净利率 | 23.7% | 27.8% |
| 营收同比 | 13.8% | 5.1% |
| 净利润同比 | 13.0% | 23.0% |
| 每股收益（稀释后） | $2.71 | $1.26 |
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NTRSUSB
| Q1 26 | $2.2B | — | ||
| Q4 25 | $1.3B | $7.4B | ||
| Q3 25 | $1.3B | $7.3B | ||
| Q2 25 | $1.2B | $7.0B | ||
| Q1 25 | $1.2B | $7.0B | ||
| Q4 24 | $1.2B | $7.0B | ||
| Q3 24 | $1.2B | $6.9B | ||
| Q2 24 | $1.2B | $6.9B |
净利润NTRSUSB
| Q1 26 | $525.5M | — | ||
| Q4 25 | $466.0M | $2.0B | ||
| Q3 25 | $457.6M | $2.0B | ||
| Q2 25 | $421.3M | $1.8B | ||
| Q1 25 | $392.0M | $1.7B | ||
| Q4 24 | $455.4M | $1.7B | ||
| Q3 24 | $464.9M | $1.7B | ||
| Q2 24 | $896.1M | $1.6B |
营业利润率NTRSUSB
| Q1 26 | — | — | ||
| Q4 25 | 48.5% | 34.4% | ||
| Q3 25 | 49.0% | 34.5% | ||
| Q2 25 | 45.9% | 32.7% | ||
| Q1 25 | 43.0% | 31.0% | ||
| Q4 24 | 48.6% | 30.1% | ||
| Q3 24 | 50.2% | 30.2% | ||
| Q2 24 | — | 29.9% |
净利率NTRSUSB
| Q1 26 | 23.7% | — | ||
| Q4 25 | 35.6% | 27.8% | ||
| Q3 25 | 36.2% | 27.3% | ||
| Q2 25 | 34.2% | 25.9% | ||
| Q1 25 | 32.3% | 24.6% | ||
| Q4 24 | 37.3% | 23.7% | ||
| Q3 24 | 38.9% | 25.0% | ||
| Q2 24 | 76.8% | 23.3% |
每股收益（稀释后）NTRSUSB
| Q1 26 | $2.71 | — | ||
| Q4 25 | $2.42 | $1.26 | ||
| Q3 25 | $2.29 | $1.22 | ||
| Q2 25 | $2.13 | $1.11 | ||
| Q1 25 | $1.90 | $1.03 | ||
| Q4 24 | $2.25 | $1.01 | ||
| Q3 24 | $2.22 | $1.03 | ||
| Q2 24 | $4.34 | $0.97 |
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 | — | — |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $13.0B | $65.2B |
| 总资产 | $174.6B | $692.3B |
| 负债/权益比越低杠杆越低 | 0.22× | — |
8季度趋势，按日历期对齐
总债务NTRSUSB
| Q1 26 | $2.9B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益NTRSUSB
| Q1 26 | $13.0B | — | ||
| Q4 25 | $13.0B | $65.2B | ||
| Q3 25 | $13.0B | $63.3B | ||
| Q2 25 | $12.9B | $61.4B | ||
| Q1 25 | $12.9B | $60.1B | ||
| Q4 24 | $12.8B | $58.6B | ||
| Q3 24 | $12.7B | $58.9B | ||
| Q2 24 | $12.7B | $56.4B |
总资产NTRSUSB
| Q1 26 | $174.6B | — | ||
| Q4 25 | $177.1B | $692.3B | ||
| Q3 25 | $170.3B | $695.4B | ||
| Q2 25 | $171.9B | $686.4B | ||
| Q1 25 | $165.1B | $676.5B | ||
| Q4 24 | $155.5B | $678.3B | ||
| Q3 24 | $155.8B | $686.5B | ||
| Q2 24 | $156.8B | $680.1B |
负债/权益比NTRSUSB
| 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 | — | $2.8B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.39× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流NTRSUSB
| Q1 26 | — | — | ||
| Q4 25 | $388.4M | $2.8B | ||
| Q3 25 | $525.8M | $3.4B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $2.7B | $-285.0M | ||
| Q4 24 | $-2.6B | $4.8B | ||
| Q3 24 | $611.1M | $972.0M | ||
| Q2 24 | $3.0B | $2.9B |
自由现金流NTRSUSB
| Q1 26 | — | — | ||
| Q4 25 | $355.6M | — | ||
| Q3 25 | $509.4M | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $-2.7B | — | ||
| Q3 24 | $585.4M | — | ||
| Q2 24 | $3.0B | — |
自由现金流率NTRSUSB
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | — | ||
| Q3 25 | 40.3% | — | ||
| Q2 25 | 150.8% | — | ||
| Q1 25 | 225.5% | — | ||
| Q4 24 | -218.9% | — | ||
| Q3 24 | 48.9% | — | ||
| Q2 24 | 254.7% | — |
资本支出强度NTRSUSB
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 1.8% | — |
现金转化率NTRSUSB
| Q1 26 | — | — | ||
| Q4 25 | 0.83× | 1.39× | ||
| Q3 25 | 1.15× | 1.69× | ||
| Q2 25 | 4.44× | 1.12× | ||
| Q1 25 | 7.01× | -0.17× | ||
| Q4 24 | -5.79× | 2.87× | ||
| Q3 24 | 1.31× | 0.57× | ||
| Q2 24 | 3.34× | 1.79× |
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
NTRS
| Trust, Investment and Other Servicing Fees | $1.3B | 61% |
| Other | $871.8M | 39% |
USB
暂无分部数据
