Principal Financial Group PFG · USD
Financials · Insurance · US listing · 🇺🇸 United States
S&P 500
115.39
+4.04%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue, before interest expense
$15.63bn
FY2016FY2025
Net income
$1.19bn
FY2016FY2025
Total assets
$341.38bn
FY2016FY2025
Shareholders' equity
$11.88bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | $15.63bn | $16.13bn | $13.67bn | $17.54bn | $14.43bn | $14.74bn | $16.22bn | $14.24bn | $14.09bn | $12.39bn |
| Operating income | $1.42bn | $1.89bn | $738.8m | $5.99bn | $1.91bn | $1.69bn | $1.69bn | $1.78bn | $2.25bn | $1.59bn |
| Net income | $1.19bn | $1.57bn | $623.2m | $4.76bn | $1.58bn | $1.40bn | $1.39bn | $1.55bn | $2.31bn | $1.32bn |
| Diluted earnings per share | 5.33 | 6.79 | 2.64 | 19.54 | 5.89 | 5.04 | 4.95 | 5.42 | 7.86 | 4.51 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $341.38bn | $313.66bn | $305.05bn | $303.00bn | $304.66bn | $313.47bn | $291.05bn | $243.04bn | $253.94bn | $228.01bn |
| Cash and short-term investments | $33.49bn | $72.46bn | $70.38bn | $67.74bn | $80.91bn | $81.56bn | $72.62bn | $63.09bn | $61.96bn | $57.66bn |
| Total liabilities | $328.99bn | $302.19bn | $293.84bn | $292.70bn | $288.20bn | $296.60bn | $276.10bn | $231.19bn | $240.92bn | $217.62bn |
| Debt | $4.00bn | $4.18bn | $4.07bn | $4.16bn | $4.45bn | $4.41bn | $3.86bn | $3.30bn | $3.22bn | $3.18bn |
| Shareholders' equity | $11.88bn | $11.09bn | $10.92bn | $10.30bn | $16.07bn | $16.56bn | $14.62bn | $11.39bn | $12.85bn | $10.23bn |
| Shares outstanding | 222m | 231m | 236m | 244m | 268m | 277m | 282m | 285m | 294m | 292m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | $3.91bn | $3.53bn | $4.58bn | $3.68bn | $3.67bn | $3.70bn | $4.75bn | $3.01bn |
| Operating income | $496.3m | $522.9m | $635.6m | $248.4m | $503.1m | $28.9m | $1.11bn | −$293.8m |
| Net income | $403.4m | $412.9m | $517.0m | $213.8m | $406.2m | $48.1m | $905.4m | −$220.0m |
| Diluted earnings per share | 1.84 | 1.89 | 2.32 | 0.96 | 1.83 | 0.22 | 3.92 | -0.95 |
| Total assets | $352.75bn | $332.70bn | $341.38bn | $334.49bn | $323.10bn | $313.00bn | $313.66bn | $322.86bn |
| Cash and short-term investments | $5.26bn | $31.66bn | $32.25bn | $5.14bn | $30.94bn | $3.88bn | $73.49bn | $31.57bn |
| Debt | $4.34bn | $3.95bn | $30.5m | $3.94bn | $3.95bn | $4.35bn | $4.11bn | $3.97bn |
| Shareholders' equity | $12.14bn | $11.82bn | $11.88bn | $11.67bn | $11.42bn | $11.22bn | $11.09bn | $11.24bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 9.1% | 11.7% | 5.4% | 34.1% | 13.2% | 11.5% |
| Net margin | 7.6% | 9.7% | 4.6% | 27.1% | 11.0% | 9.5% |
| Return on equity | 10.0% | 14.2% | 5.7% | 46.2% | 9.8% | 8.4% |
| Return on assets | 0.3% | 0.5% | 0.2% | 1.6% | 0.5% | 0.4% |
| Revenue growth | -3.1% | 18.0% | -22.1% | 21.5% | -2.1% | -9.1% |
| Earnings growth | -24.6% | 152.1% | -86.9% | 201.0% | 13.2% | 0.1% |
| Current ratio | 3.21x | 5.24x | 4.82x | 0.53x | 34.77x | 983.28x |
| Debt to equity | 0.00x | 0.37x | 0.37x | 2.38x | 0.27x | 0.26x |
| Equity ratio | 3.5% | 3.5% | 3.6% | 3.4% | 5.3% | 5.3% |
| Interest coverage | 644.64x | 726.77x | 388.84x | 4989.17x | 1910.90x | 1693.50x |
| Buybacks as a share of market value | 3.8% | 2.2% | 2.9% | 9.3% | 3.2% | 1.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.8% | 1.2% | 2.7% |
| Operating income | -38.2% | -3.5% | -0.1% |
| Net income | -37.1% | -3.2% | -0.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 10.4% | 15.9% | 14.8% | 13.9% |
| Net margin | 8.7% | 12.9% | 12.1% | 11.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.6 | 11.4 | 29.9 | 4.3 | 12.3 | 9.8 | 11.1 | 8.2 | 9.0 | 12.8 |
| Price to sales | 1.3 | 1.1 | 1.4 | 1.2 | 1.4 | 0.9 | 1.0 | 0.9 | 1.5 | 1.4 |
Market value over time
31 Oct 2016 to 25 Sept 2026, in USD
$15.89bn$25.10bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 20% | -6% | -6% | 26% | 41% | -14% | 28% | -39% | 21% | 33% |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 2 Dec 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.31 | 3.08 | 2.85 | 2.60 | 2.56 | 2.44 | 2.24 | 2.18 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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