A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q1 FY2026, filed Apr 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PFG SEC filings page.
Principal Financial Group, Inc. (PFG) reported $15.5B in revenue over the twelve months to Mar 31, 2026, down 2.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business is balance-sheet heavy: assets expanded while earnings and asset productivity softened, leaving reported cash flow stronger than profit.
From FY2024 to FY2025, total assets rose8.8% while revenue fell3.1% . That widening gap coincided with ROA slipping from0.5% to0.4% , indicating weaker earnings productivity per asset rather than simple expansion.
Operating cash flow was about
Liabilities rose
Financial Health Signals
Principal Financial Group, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Principal Financial Group, Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Principal Financial Group, Inc. generates $3.61 in operating cash flow ($4.5B OCF vs $1.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Principal Financial Group, Inc. generated $3.5B in revenue in Q1 2026. This represents a decrease of 4.5% from the same quarter a year earlier. Against the prior quarter it is down 22.9%.
Principal Financial Group, Inc. reported $424.6M in net income in Q1 2026. This represents an increase of 782.7% from the same quarter a year earlier. Against the prior quarter it is down 27.7%.
Principal Financial Group, Inc. earned $1.93 per diluted share (EPS) in Q1 2026. This represents an increase of 819.0% from the same quarter a year earlier. Against the prior quarter it is down 16.1%.
Not reported for Q1 2026.
Cash & Balance Sheet
Principal Financial Group, Inc. held $4.1B in cash against $3.9B in long-term debt as of Q1 2026.
Principal Financial Group, Inc. paid $0.80 per share in dividends in Q1 2026. This represents an increase of 6.7% from the same quarter a year earlier. Against the prior quarter it is up 1.3%.
Not reported for Q1 2026.
Margins & Returns
Principal Financial Group, Inc.'s net profit margin was 12.0% in Q1 2026, showing the share of revenue converted to profit. This is up 10.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.
Principal Financial Group, Inc.'s ROE was 3.6% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.3 percentage points.
Not reported for Q1 2026.
Not reported for Q1 2026.
Capital Allocation
Principal Financial Group, Inc. spent $235.0M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 2.2% from the same quarter a year earlier. Against the prior quarter it is down 14.7%.
Not reported for Q1 2026.
Not reported for Q1 2026.
PFG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5B-4.5% | $4.6B-3.7% | $3.7B+22.2% | $3.7B-14.8% | $3.7B-8.8% | $4.8B+76.6% | $3.0B-34.5% | $4.3B+21.2% |
| Income Tax | $68.9M+302.6% | $110.4M-47.4% | $14.5M+114.4% | $69.6M-20.1% | -$34.0M-135.8% | $209.9M+178.3% | -$100.4M-128.3% | $87.1M+45.4% |
| Net Income | $424.6M+782.7% | $587.4M-37.0% | $213.8M+197.2% | $406.2M+15.0% | $48.1M-91.0% | $932.3M+213.0% | -$220.0M-117.7% | $353.1M-9.2% |
| EPS (Basic) | $1.96+833.3% | $2.34-40.3% | $0.96+201.1% | $1.81+19.9% | $0.21-90.7% | $3.92+209.2% | -$0.95-118.4% | $1.51-5.6% |
| EPS (Diluted) | $1.93+819.0% | $2.30-40.6% | $0.95+200.0% | $1.79+20.1% | $0.21-90.5% | $3.87+209.6% | -$0.95-118.6% | $1.49-5.7% |
| Diluted Shares (Avg) | 220M-3.7% | N/A | 225M-2.4% | 227M-4.3% | 229M-4.4% | N/A | 231M-5.6% | 237M-3.6% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense.
PFG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $332.7B+6.3% | $341.4B+8.8% | $334.5B+3.6% | $323.1B+4.6% | $313.0B+1.4% | $313.7B+2.8% | $322.9B+12.1% | $308.8B+3.2% |
| Cash & Equivalents | $4.1B+4.6% | $4.4B+5.2% | $5.1B-16.8% | $3.7B-24.0% | $3.9B-7.0% | $4.2B-10.5% | $6.2B+35.3% | $4.8B+18.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.6B+1.3% | $1.6B+3.3% | $1.6B-1.2% | $1.6B+0.9% | $1.6B-0.1% | $1.5B-3.7% | $1.6B+0.2% | $1.6B-4.2% |
| Total Liabilities | $320.3B+6.3% | $329.0B+8.9% | $322.4B+3.6% | $311.2B+4.6% | $301.4B+1.5% | $302.2B+2.8% | $311.3B+12.4% | $297.4B+3.1% |
| Long-Term Debt | $3.9B-9.1% | $3.9B-0.7% | $3.9B-0.2% | $3.9B-0.2% | $4.3B+9.9% | $4.0B+0.6% | $3.9B+0.1% | $3.9B-1.5% |
| Total Equity | $11.8B+5.3% | $11.9B+7.2% | $11.7B+3.8% | $11.4B+3.6% | $11.2B+0.3% | $11.1B+1.6% | $11.2B+5.3% | $11.0B+6.5% |
| Retained Earnings | $18.3B+4.9% | $18.1B+2.8% | $17.7B+5.2% | $17.7B+2.7% | $17.5B+2.4% | $17.6B+5.4% | $16.8B-4.9% | $17.2B+3.6% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
PFG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $187.1M-80.9% | $1.7B+19.5% | $1.0B-11.0% | $811.9M-43.3% | $977.3M+67.3% | $1.5B+54.6% | $1.1B+7.4% | $1.4B+29.9% |
| Investing Cash Flow | -$959.8M-0.7% | -$3.1B+17.7% | $167.8M+6891.7% | -$249.7M+13.2% | -$952.7M+29.1% | -$3.8B-1653.7% | $2.4M+104.8% | -$287.8M-1426.3% |
| Financing Cash Flow | $395.7M+209.7% | $651.4M+86.8% | $306.5M+34.7% | -$778.9M-57.1% | -$360.8M-264.2% | $348.8M+159.6% | $227.5M+144.5% | -$495.7M+70.7% |
| Dividends Paid | $173.5M+2.7% | $172.4M+4.0% | $172.9M+4.7% | $169.7M+2.7% | $169.0M+4.1% | $165.7M+4.2% | $165.1M+5.8% | $165.2M+6.6% |
| Share Buybacks | $235.0M-2.2% | $275.4M-10.0% | $227.7M-9.6% | $159.3M-36.4% | $240.3M+2.6% | $306.1M+22.1% | $251.8M+25.4% | $250.3M+149.3% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow.
PFG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q | Q2'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 12.0%+10.7pp | 12.8%-6.8pp | 5.8%+13.1pp | 11.1%+2.9pp | 1.3%-11.8pp | 19.6%+50.3pp | -7.3%-34.4pp | 8.2%-2.7pp |
| Return on Equity | 3.6%+3.2pp | 4.9%-3.5pp | 1.8%+3.8pp | 3.6%+0.4pp | 0.4%-4.3pp | 8.4%+16.0pp | -2.0%-13.6pp | 3.2%-0.6pp |
| Return on Assets | 0.1%+0.1pp | 0.2%-0.1pp | 0.1%+0.1pp | 0.1%0.0pp | 0.0%-0.1pp | 0.3%+0.6pp | -0.1%-0.5pp | 0.1%0.0pp |
| Debt-to-Equity | 0.33-0.1x | 0.330.0x | 0.340.0x | 0.340.0x | 0.390.0x | 0.360.0x | 0.350.0x | 0.360.0x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.020.0x | 0.010.0x | 0.010.0x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Principal Financial Group, Inc. PFG | FY2025 | $15.6B | $1.3B | 8.0% | $23.0B | — |
| Corebridge Financial, Inc. CRBG | FY2025 | $18.5B | -$366.0M | -2.0% | $15.4B | 5/100 |
| Equitable Holdings, Inc. EQH | FY2025 | $11.7B | -$1K | 0.0% | $14.6B | 13/100 |
| T Rowe Price Group Inc TROW | FY2025 | $7.3B | $2.1B | 28.5% | $22.2B | 51/100 |
| Northern Trust Corp NTRS | FY2025 | $8.1B | $1.7B | 21.5% | $30.8B | 27/100 |
| Ares Capital Corporation ARCC | FY2025 | N/A | $1.3B | N/A | $13.5B | — |
Where Principal Financial Group, Inc. Ranks
Frequently Asked Questions
What is Principal Financial Group, Inc.'s annual revenue?
Principal Financial Group, Inc. (PFG) reported $15.6B in total revenue for fiscal year 2025. This represents a -3.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Principal Financial Group, Inc.'s revenue growing?
Principal Financial Group, Inc. (PFG) revenue declined by 3.1% year-over-year, from $16.1B to $15.6B in fiscal year 2025.
Is Principal Financial Group, Inc. profitable?
Yes, Principal Financial Group, Inc. (PFG) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 8.0%.
How much debt does Principal Financial Group, Inc. have?
As of fiscal year 2025, Principal Financial Group, Inc. (PFG) had $4.4B in cash and equivalents against $3.9B in long-term debt.
What is Principal Financial Group, Inc.'s net profit margin?
Principal Financial Group, Inc. (PFG) had a net profit margin of 8.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Principal Financial Group, Inc. pay dividends?
Yes, Principal Financial Group, Inc. (PFG) paid $3.08 per share in dividends during fiscal year 2025.
What is Principal Financial Group, Inc.'s return on equity (ROE)?
Principal Financial Group, Inc. (PFG) has a return on equity of 10.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Principal Financial Group, Inc.'s operating cash flow?
Principal Financial Group, Inc. (PFG) generated $4.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Principal Financial Group, Inc.'s total assets?
Principal Financial Group, Inc. (PFG) had $341.4B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Principal Financial Group, Inc.'s debt-to-equity ratio?
Principal Financial Group, Inc. (PFG) had a debt-to-equity ratio of 0.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Principal Financial Group, Inc.'s return on assets (ROA)?
Principal Financial Group, Inc. (PFG) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Principal Financial Group, Inc.'s P/E ratio?
Principal Financial Group, Inc. (PFG) trades at 14.1x earnings, its market capitalization divided by net income of $1.6B net income, trailing 12 months to March 31, 2026. The market capitalization is $23.0B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Principal Financial Group, Inc.'s price-to-sales ratio?
Principal Financial Group, Inc. (PFG) trades at 1.5x sales, its market capitalization divided by revenue of $15.5B revenue, trailing 12 months to March 31, 2026. The market capitalization is $23.0B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Principal Financial Group, Inc.'s Piotroski F-Score?
Principal Financial Group, Inc. (PFG) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Principal Financial Group, Inc.'s earnings high quality?
Principal Financial Group, Inc. (PFG) has an earnings quality ratio of 3.61x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.