Pricing Log in Create free account
Friday 6 November 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.

Revenue
+25.4%
EPS
+190.8%
Free cash flow
+51.0%
Total debt
+14.4%

Quarter to September 2026, against a year earlier

112.95 4.36 −3.72%
Market cap
$24.0B
P/E
12.6×
Fwd P/E
12.2×
Dividend yield
2.88%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Principal Financial Group, Inc. (PFG) Debt to equity

Alert me on Debt to equity

Principal Financial Group, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.4×, up 0.0× from fiscal 2025 (0.3×). Over the past ten years it has ranged from 0.2× (fiscal 2017) to 0.4× (fiscal 2022); the current reading is higher than 64% of that period. That is in line with the Asset Management industry median of 0.4× and above the Financial sector median of 0.2×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 0.3× (10.08%)
FY2024 0.4× 1.32%
FY2023 0.4× (10.52%)
FY2022 0.4× 50.52%
FY2021 0.3× 2.97%
FY2020 0.3× 0.77%
FY2019 0.3× (9.61%)
FY2018 0.3× 15.78%
FY2017 0.2× (19.31%)
FY2016 0.3× (16.03%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.4× 6.65%
Jun 2026 0.4× 7.03%
Mar 2026 0.3× 0.36%
Dec 2025 0.3× (1.25%)
43 more quarters

Against its own ten years

Low 0.2× High 0.4×
Ten-year median 0.3×
Current reading's percentile 64

Debt to equity against peers

Company Debt to equity
PS Pershing Square Inc. compare 0.0×
TROW T. Rowe Price Group, Inc. compare 0.0×
PFG Principal Financial Group, Inc. 0.4×
NTRS Northern Trust Corporation compare 0.4×
RJF Raymond James Financial, Inc. compare 0.4×
TPG TPG Inc. compare 0.6×
OWL Blue Owl Capital Inc. compare 0.7×
BEN Franklin Resources Inc compare 1.2×
CRBG Corebridge Financial, Inc. compare 1.6×
Asset Management industry median 0.4×
Financial sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on PFG