Principal Financial Group, Inc. PFG SPX

Financial Services · Asset Management · United States

https://www.principal.com

Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services. This segment offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, registered index-linked annuities, and bank products, as well as trust and custody services. The Principal Asset Management segment provides equity, fixed income, real estate, and other alternative investments, as well as fund offerings. This segment also offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans. The Benefits and Protection segment provides specialty benefits, such as specialty benefits group dental and vision insurance, group life and other insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products. This segment serves insurance solutions for small and medium-sized businesses and their owners, as well as employees. The company was founded in 1879 and is based in Des Moines, Iowa.

Market & Price

Market Cap

$22.38B

Current Price

$103.62

High / Low (52W)

$104.71 / $73.43

Beta

0.90

Valuation

Stock P/E

14.87

Industry PE

12.01

Forward P/E

10.15

PEG Ratio

1.06

Book Value

$54.59

Price to Book

1.90

P/S

1.45

EV/EBITDA

9.96

Dividend Yield

3.17%

Profitability & Returns

ROCE

ROE

13.39%

ROA

0.38%

Profit Margin

10.10%

Op Margin

14.80%

EPS (Latest Qtr)

$1.93

EPS (TTM)

$6.97

Balance Sheet & Liquidity

Debt/Equity

0.34

Quick Ratio

0.32

Current Ratio

1.53

Debt

$4.17B

Total Assets

$341.38B

Current Assets

Working Capital

Ownership

Promoter Holding

1.09%

Chg in Prom Hold

FII / Inst Holding

81.10%

Chg in FII Hold

0.00%

Financial Snapshot

Enterprise Value

$21.79B

Total Revenue (TTM)

$15.46B

EBITDA

$2.19B

Free Cash Flow

$1.46B

Operating Cash Flow

$3.75B

Shares Outstanding

216.01M

Gross Margin

47.61%

Payout Ratio

44.91%

Growth (CAGR)

Revenue 5Y

-3.77%

Profit 5Y

-37.08%

Revenue (YoY)

-4.50%

Earnings (YoY)

819.00%

PROS

Attractive dividend yield of 3.17%.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -3.8% CAGR over 5 years.
Earnings shrank at -37.1% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	PFG Principal Financial Group, Inc. SPX	103.62	14.87	$22.38B	3.17%	-	13.39%	-3.77%	-37.08%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	3.26B	3.24B	2.81B	3.04B	3.03B	2.82B	3.51B	3.05B	3.18B	4.63B	3.24B	2.88B	3.23B	4.35B	3.77B	3.74B	3.97B	4.46B	4.05B	4.55B	3.11B	3.31B	3.77B	3.21B	3.54B	3.42B	3.10B	6.66B	4.63B	2.82B	3.56B	4.60B	4.05B	4.31B	-	3.70B	3.67B	3.68B	4.58B	3.53B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28.90M	503.10M	248.40M	635.60M	481.80M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-34.00M	69.60M	14.50M	110.40M	68.90M
Net Income	257.60M	300.40M	-	368.00M	322.30M	308.20M	-	348.90M	309.50M	810.20M	841.80M	397.10M	456.60M	456.30M	236.50M	429.90M	386.30M	277.10M	300.90M	288.90M	398.30M	236.00M	472.60M	517.10M	361.80M	359.90M	338.70M	3.12B	1.32B	-140.10M	388.80M	1.25B	532.50M	353.10M	-	48.10M	406.20M	213.80M	517.00M	424.60M
Diluted EPS	0.81	1.01	0.86	1.25	1.10	1.06	1.09	1.19	1.06	2.76	2.87	1.36	1.58	1.59	0.83	1.53	1.37	0.98	1.07	1.04	1.45	0.85	1.70	1.87	1.32	1.32	1.28	12.17	5.22	-0.58	1.58	5.10	2.22	1.49	-0.96	0.21	1.79	0.95	-	1.93

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	10.91B	9.94B	8.85B	9.20B	8.67B	9.22B	9.29B	10.48B	11.96B	12.39B	14.09B	14.24B	16.22B	14.74B	14.43B	17.54B	13.67B	16.13B	15.63B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.99B	738.80M	1.89B	1.42B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.19B	68.70M	291.70M	160.50M
Net Income	860.30M	458.10M	622.70M	662.90M	638.30M	806.60M	912.70M	1.14B	1.23B	1.32B	2.31B	1.55B	1.39B	1.40B	1.58B	4.76B	623.20M	1.57B	1.19B
Diluted EPS	3.09	1.63	1.97	1.95	1.91	2.58	2.95	3.65	4.06	4.50	7.88	5.36	4.96	5.05	5.79	18.63	2.55	6.68	5.25

Compounded Sales Growth

5 Years:	-3.77%
1 Year:	-4.50%

Compounded Profit Growth

5 Years:	-37.08%
1 Year:	819.00%

Stock Price Performance

1 Year:	+38.18%
6 Months:	+24.62%
3 Months:	+9.57%
1 Month:	+4.00%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2006	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	128.18B	137.76B	145.63B	147.36B	161.83B	208.19B	219.09B	218.66B	228.01B	253.94B	243.04B	276.09B	296.63B	-	290.87B	305.05B	313.66B	341.38B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	-	1.34B	2.61B	2.24B	1.88B	2.83B	4.18B	2.37B	1.86B	2.56B	2.72B	2.47B	2.98B	2.52B	2.85B	-	4.85B	4.71B	4.21B	4.43B
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25.38B	24.61B	23.26B	22.89B
Total Liabilities	-	-	125.61B	129.74B	135.75B	137.97B	152.07B	198.17B	208.80B	209.20B	217.62B	240.92B	231.19B	261.14B	279.75B	-	280.59B	293.84B	302.19B	328.99B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	1.29B	1.58B	1.58B	1.56B	2.67B	2.60B	2.53B	3.27B	3.13B	3.18B	3.26B	3.73B	4.28B	-	3.70B	3.93B	3.96B	3.93B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4.08B	3.99B	4.11B	3.95B
Total Equity	7.92B	-	2.47B	7.89B	9.73B	9.02B	9.68B	9.68B	10.18B	9.31B	10.23B	12.85B	11.39B	14.62B	16.56B	-	9.98B	10.92B	11.09B	11.88B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	489.80M	492.28M	494.73M	496.88M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	-	-	-	-	-	-	-	4.38B	3.86B	4.19B	5.16B	5.49B	3.71B	-	3.17B	3.79B	4.60B	4.54B
Investing Cash Flow	-	-	-	-	-	-	-	-	-3.17B	-5.15B	-4.05B	-5.70B	-7.69B	-5.00B	-	1.06B	-1.35B	-5.40B	-4.14B
Financing Cash Flow	-	-	-	-	-	-	-	-	-508.60M	1.45B	-384.00M	1.05B	1.73B	1.62B	-	-1.72B	-2.59B	300.30M	-181.80M
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-116.30M	-102.00M	-68.80M	-98.00M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.06B	3.69B	4.53B	4.44B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.52B	-140.30M	-495.80M	219.10M
Share Buybacks	756.30M	6.40M	4.10M	2.60M	556.40M	272.70M	153.60M	222.70M	300.60M	277.30M	220.40M	671.60M	281.00M	307.00M	937.20M	1.66B	740.40M	1.04B	902.70M

Ratios (Annual)

Figures in %.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	7.9%	4.6%	7.0%	7.2%	7.4%	8.8%	9.8%	10.9%	10.3%	10.6%	16.4%	10.9%	8.6%	9.5%	11.0%	27.1%	4.6%	9.7%	7.6%
ROE %	-	18.5%	7.9%	6.8%	7.1%	8.3%	9.4%	11.2%	13.3%	12.9%	18.0%	13.6%	9.5%	8.4%	-	47.7%	5.7%	14.2%	10.0%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

1.09%

Institutions

81.10%

Public Float

81.99%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	7.30%	20.32M	$2.11B
2	Nippon Life Insurance Company	6.52%	18.14M	$1.88B
3	Vanguard Capital Management LLC	4.84%	13.47M	$1.40B
4	Vanguard Portfolio Management LLC	4.05%	11.26M	$1.17B
5	State Street Corporation	3.66%	10.18M	$1.05B
6	Bank of America Corporation	3.17%	8.82M	$913.87M
7	Capital World Investors	2.17%	6.03M	$624.51M
8	Charles Schwab Investment Management, Inc.	2.13%	5.92M	$613.84M
9	Geode Capital Management, LLC	2.03%	5.66M	$586.56M
10	Dimensional Fund Advisors LP	1.40%	3.89M	$402.72M

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