NTRS vs. TPG: Northern Trust vs. TPG Stock Comparison
How do Northern Trust (NTRS) and TPG (TPG) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Northern Trust (NTRS) and TPG (TPG) are both classified in the Asset Management & Custody Banks sub-industry within the broader Capital Markets industry, placing them in the closest GICS peer bucket.
Northern Trust (NTRS) has more than two decades of public-market history since March 17, 1980, whereas TPG (TPG) listed on January 13, 2022 and has a much shorter record to draw on.
| Profile Item | NTRS | TPG |
|---|---|---|
| Name | Northern Trust Corporation | TPG Inc. Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Financial Services | Financial Services |
| GICS Industry | Capital Markets | Capital Markets |
| GICS Sub-Industry | Asset Management & Custody Banks | Asset Management & Custody Banks |
| Market Capitalization | 31.29 billion USD | 17.90 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | March 17, 1980 | January 13, 2022 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | NTRS | TPG |
|---|---|---|
| Total Return (1Y) | 39.45% | -7.34% |
| Total Return (3Y, Annualized) | 40.68% | 21.01% |
| Total Return (5Y, Annualized) | 11.05% | -- |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | NTRS | TPG |
|---|---|---|
| Volatility (1Y, Annualized) | 24.90% | 41.32% |
| Beta (5Y) | 1.18 | 1.45 |
| Max Drawdown (5Y) | -50.03% | -44.85% |
| Avg. Volume (3M) | 1.11M | 2.82M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | NTRS | TPG |
|---|---|---|
| Sharpe Ratio (1Y) | 1.41 | -0.28 |
| Sortino Ratio (1Y) | 2.17 | -0.40 |
Profitability
ROE (TTM)
Both Northern Trust (NTRS) at 18.44% and TPG (TPG) at 19.19% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
NTRS
Financial Services industry group
18.44%
- Max
- 44.78%
- Q3
- 21.85%
- NTRS
- 18.44%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
TPG
Financial Services industry group
19.19%
- Max
- 44.78%
- Q3
- 21.85%
- TPG
- 19.19%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
Net Margin (TTM)
Both Northern Trust (NTRS) at 26.00% and TPG (TPG) at 5.78% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
NTRS
Financial Services industry group
26.00%
- Max
- 62.84%
- Q3
- 28.05%
- NTRS
- 26.00%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
TPG
Financial Services industry group
5.78%
- Max
- 62.84%
- Q3
- 28.05%
- Median
- 15.36%
- TPG
- 5.78%
- Q1
- 4.82%
- Min
- -28.52%
Operating Margin (TTM)
Both Northern Trust (NTRS) at 34.80% and TPG (TPG) at 16.57% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
NTRS
Financial Services industry group
34.80%
- Max
- 107.33%
- Q3
- 55.90%
- NTRS
- 34.80%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
TPG
Financial Services industry group
16.57%
- Max
- 107.33%
- Q3
- 55.90%
- Median
- 30.09%
- TPG
- 16.57%
- Q1
- 14.60%
- Min
- -44.34%
Profitability Metrics
| Metric | NTRS | TPG |
|---|---|---|
| ROE (TTM) | 18.44% | 19.19% |
| ROA (TTM) | 1.44% | 5.36% |
| Net Margin (TTM) | 26.00% | 5.78% |
| Operating Margin (TTM) | 34.80% | 16.57% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
TPG (TPG) at 27.03% sits in the top revenue growth quartile, while Northern Trust (NTRS) at -2.46% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Only one side can be read here: Northern Trust (NTRS) reports EPS growth of -10.54%, ranked against its industry; TPG (TPG) has no EPS growth figure this period.
Growth Metrics
| Metric | NTRS | TPG |
|---|---|---|
| Revenue Growth (YoY) | -2.46% | 27.03% |
| Revenue Growth (3Y CAGR) | 6.15% | 29.51% |
| EPS Growth (YoY) | -10.54% | -- |
| EPS Growth (3Y CAGR) | 12.49% | -- |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Northern Trust (NTRS) in Financial Services and TPG (TPG) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Northern Trust (NTRS) in Financial Services and TPG (TPG) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | NTRS | TPG |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
TPG (TPG) at 5.01% delivers top-quartile income for its industry, while Northern Trust (NTRS) at 1.91% pays a more typical yield — both are credible income propositions, TPG the richer one.
NTRS
Financial Services industry group
1.91%
- Max
- 9.77%
- Q3
- 3.92%
- NTRS
- 1.91%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
TPG
Financial Services industry group
5.01%
- Max
- 9.77%
- TPG
- 5.01%
- Q3
- 3.92%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
TPG (TPG) reports payout ratio above 100% at 254.55%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Northern Trust (NTRS) reports 25.73%, ranking against industry peers normally.
NTRS
Financial Services industry group
25.73%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- NTRS
- 25.73%
- Q1
- 0.00%
- Min
- 0.00%
TPG
Financial Services industry group
254.55%
- TPG
- 254.55%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | NTRS | TPG |
|---|---|---|
| Dividend Yield (TTM) | 1.91% | 5.01% |
| Dividend Payout Ratio (TTM) | 25.73% | 254.55% |
Valuation
P/E Ratio (TTM)
Northern Trust (NTRS) at 13.55 is near its industry’s usual P/E ratio, while TPG (TPG) at 52.84 sits above its peer range — an unusually expensive price for TPG’s trailing earnings.
NTRS
Financial Services industry group
13.55
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- NTRS
- 13.55
- Q1
- 9.68
- Min
- 0.16
TPG
Financial Services industry group
52.84
- TPG
- 52.84
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- Q1
- 9.68
- Min
- 0.16
P/S Ratio (TTM)
On P/S ratio, both Northern Trust (NTRS) at 3.35 and TPG (TPG) at 3.85 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
NTRS
Financial Services industry group
3.35
- Max
- 9.23
- Q3
- 4.57
- NTRS
- 3.35
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
TPG
Financial Services industry group
3.85
- Max
- 9.23
- Q3
- 4.57
- TPG
- 3.85
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
P/B Ratio (MRQ)
Northern Trust (NTRS) at 2.51 is valued about in line with its industry on P/B ratio, while TPG (TPG) at 5.97 carries an above-peer premium to book — TPG is pricier on assets.
NTRS
Financial Services industry group
2.51
- Max
- 7.79
- Q3
- 3.63
- NTRS
- 2.51
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
TPG
Financial Services industry group
5.97
- Max
- 7.79
- TPG
- 5.97
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | NTRS | TPG |
|---|---|---|
| P/E Ratio (TTM) | 13.55 | 52.84 |
| P/S Ratio (TTM) | 3.35 | 3.85 |
| P/B Ratio (MRQ) | 2.51 | 5.97 |
| Free Cash Flow Yield (TTM) | -- | -- |