Saturday 17 October 2026
Export PFG’s income statement to Excel — free account
Principal Financial Group, Inc.
PFG Financial Asset Management
Principal Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.6 billion, down 3.11% from fiscal 2024. In the quarter to June 2026, revenue grew 6.39%, EPS grew 3.31%, free cash flow grew 154.8% and total debt rose 9.97%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
108.81
0.15
−0.14%
Follow PFG
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
16.52 | 11.49 | 31.27 | 4.38 | 12.06 | 9.77 | 11.04 | 8.21 | 8.83 | 12.96 |
Piotroski F-Score |
5 | 8 | 5 | 8 | 7 | 5 | 5 | 6 | 8 | 8 |
P/S ratio |
1.26 | 1.11 | 1.40 | 1.20 | 1.35 | 0.92 | 0.94 | 0.89 | 1.44 | 1.37 |
P/FCF ratio |
0.00 | 0.00 | 5.17 | 6.88 | 6.23 | 3.79 | 2.86 | 2.49 | 5.05 | 4.58 |
P/Operating CF |
11.27 | 12.31 | 20.22 | 18.08 | 16.96 | 22.75 | 14.90 | 8.75 | 36.35 | 18.22 |
P/B ratio |
1.65 | 1.61 | 1.74 | 2.10 | 1.21 | 0.82 | 1.04 | 1.10 | 1.57 | 1.65 |
Price to Tangible BV |
2.17 | 2.19 | 2.42 | 3.05 | 1.51 | 1.03 | 1.37 | 1.40 | 1.93 | 2.13 |
EV/Sales |
1.23 | 1.11 | 1.34 | 1.16 | 1.49 | 1.03 | 1.03 | 0.91 | 1.50 | 1.40 |
EV/EBITDA |
13.54 | 9.45 | 24.87 | 3.38 | 11.24 | 8.94 | 9.82 | 5.71 | 7.86 | 8.44 |
EV/Operating CF |
4.23 | 3.88 | 4.84 | 6.39 | 6.60 | 4.08 | 3.03 | 2.51 | 5.03 | 4.51 |
EV/FCF |
(5.62) | (4.53) | 4.98 | 6.63 | 6.88 | 4.21 | 3.10 | 2.56 | 5.24 | 4.70 |
Quick Ratio |
0.24 | 0.25 | 0.27 | 0.28 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.06 |
Current Ratio |
0.24 | 0.25 | 0.27 | 0.28 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.06 |
Net Debt/EBITDA |
(0.28) | (0.04) | (0.70) | (0.12) | 0.97 | 0.64 | 0.57 | 0.14 | 0.28 | 0.22 |
Debt/Assets |
1.16% | 1.31% | 1.31% | 1.40% | 1.43% | 1.47% | 1.39% | 1.36% | 1.27% | 1.39% |
Debt/Equity |
0.33 | 0.37 | 0.36 | 0.41 | 0.27 | 0.26 | 0.26 | 0.29 | 0.25 | 0.31 |
Asset Turnover |
0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 |
Operating CF/Net income |
3.83 | 2.93 | 6.09 | 0.67 | 2.06 | 2.66 | 3.94 | 3.33 | 1.81 | 2.93 |
Capex/Depreciation |
(0.31) | (0.08) | (0.35) | (0.37) | (0.71) | (0.16) | (0.22) | (0.19) | (0.38) | (0.33) |
| 10.28% | 14.22% | 5.94% | 36.39% | 9.65% | 8.92% | 10.67% | 12.69% | 19.90% | 13.39% | |
| 0.36% | 0.51% | 0.21% | 1.60% | 0.53% | 0.49% | 0.54% | 0.62% | 0.96% | 0.59% | |
ROIC |
7.74% | 10.71% | 4.51% | 40.46% | 6.58% | 5.84% | 6.62% | 9.47% | 10.30% | 9.25% |
Return on Tangible Assets |
(1.35%) | (1.91%) | (0.79%) | (6.23%) | (1.89%) | (1.66%) | (1.79%) | (2.17%) | (3.43%) | (2.09%) |
Average Days of Receivables |
534.80 | 526.45 | 657.32 | 528.18 | 46.61 | 42.68 | 39.16 | 36.23 | 38.07 | 40.11 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
0.70% | 0.67% | 0.73% | 0.52% | 0.67% | 0.59% | 0.51% | 0.54% | 0.59% | 0.68% |
Graham Net Nets |
(15.37) | (15.32) | (13.87) | (11.91) | (14.61) | (20.21) | (16.78) | (18.00) | (11.66) | (12.60) |
Graham Number |
80.17 | 85.30 | 50.85 | 130.97 | 89.94 | 83.15 | 76.85 | 69.66 | 89.56 | 60.14 |
Earnings Yield |
6.05% | 8.71% | 3.20% | 22.81% | 8.29% | 10.24% | 9.05% | 12.18% | 11.32% | 7.72% |
Free Cash Flow Yield |
(17.35%) | (21.94%) | 19.33% | 14.53% | 16.06% | 26.42% | 34.99% | 40.12% | 19.79% | 21.84% |
Revenue per Share |
70.13 | 69.52 | 56.63 | 69.84 | 53.63 | 53.66 | 58.23 | 49.82 | 48.78 | 42.83 |
Operating CF per Share |
20.36 | 19.84 | 15.72 | 12.64 | 12.10 | 13.50 | 19.72 | 18.04 | 14.50 | 13.33 |
Capex per Share |
(0.44) | (0.30) | (0.42) | (0.46) | (0.48) | (0.40) | (0.48) | (0.32) | (0.57) | (0.54) |
Free Cash Flow per Share |
19.92 | 19.54 | 15.29 | 12.17 | 11.62 | 13.11 | 19.24 | 17.72 | 13.93 | 12.80 |
Cash per Share |
19.89 | 18.15 | 19.51 | 19.31 | 8.67 | 10.37 | 9.03 | 10.42 | 8.55 | 9.40 |
Shareholders Equity per Share |
53.49 | 47.98 | 45.43 | 39.90 | 59.95 | 60.49 | 52.71 | 40.08 | 44.73 | 35.57 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
53.49 | 47.98 | 45.43 | 39.90 | 59.95 | 60.49 | 52.71 | 40.08 | 44.73 | 35.57 |
Free Cash Flow |
4,438.70 | 4,534.10 | 3,690.40 | 3,056.60 | 3,124.50 | 3,600.50 | 5,360.80 | 5,064.20 | 4,023.20 | 3,702.90 |
Working Capital |
(88,556.30) | (83,028.30) | (79,616.80) | (77,343.60) | (84,522.51) | (85,015.40) | (79,002.30) | (71,905.20) | (68,123.00) | (63,814.60) |
Capital Expenditures |
(98.00) | (68.80) | (102.00) | (116.30) | (129.90) | (108.80) | (132.40) | (92.30) | (164.80) | (154.90) |
Net Current Asset Value |
(302,133.90) | (275,058.80) | (264,766.80) | (250,625.20) | (284,357.00) | (275,436.80) | (257,145.80) | (227,189.50) | (237,078.70) | (213,639.00) |
EV/EBIT |
13.54 | 9.45 | 24.87 | 3.38 | 11.24 | 8.94 | 9.82 | 7.26 | 9.36 | 10.94 |
Capex to Sales |
0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Price to Operating Income |
13.88 | 9.50 | 25.84 | 3.51 | 10.18 | 8.05 | 9.05 | 7.07 | 9.03 | 10.65 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.45 | 1.08 | 0.31 | 0.31 | 0.18 | 0.65 | 0.62 | 0.63 | 0.57 | 0.67 |
Cash ROIC |
21.86% | 23.31% | 18.77% | 16.14% | 13.69% | 15.11% | 25.49% | 28.55% | 21.62% | 22.87% |
Accounts Receivable Turnover |
0.68 | 0.67 | 0.55 | 1.29 | 8.09 | 8.51 | 10.29 | 9.88 | 9.95 | 8.88 |
Accounts Payable Turnover |
0.13 | 0.12 | 0.12 | 0.12 | 0.16 | 0.20 | 0.26 | 0.24 | 0.26 | 0.26 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
2,931.95 | 2,960.33 | 3,079.24 | 3,459.48 | 2,181.57 | 1,963.96 | 1,486.89 | 1,565.36 | 1,516.51 | 1,497.25 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
23,078.10 | 23,936.05 | 24,993.25 | 13,609.20 | 1,783.10 | 1,732.05 | 1,576.70 | 1,441.45 | 1,415.85 | 1,395.60 |
Average Payables |
67,908.10 | 66,369.55 | 65,103.05 | 53,849.10 | 44,577.65 | 43,022.70 | 38,251.50 | 34,342.05 | 31,010.00 | 27,428.60 |
Average Assets |
327,520.05 | 309,355.15 | 297,956.85 | 297,762.10 | 300,642.45 | 286,357.75 | 259,561.95 | 248,488.65 | 240,977.75 | 223,337.30 |
Average Common Equity |
11,524.15 | 11,046.50 | 10,489.75 | 13,071.80 | 16,371.55 | 15,651.55 | 13,070.90 | 12,188.95 | 11,607.85 | 9,835.60 |
Columns are period end dates