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

112.14 0.68 −0.60%
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

Principal Financial Group, Inc. (PFG) Free cash flow margin

Alert me on Free cash flow margin

Principal Financial Group, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 32.2%, up 3.8 percentage points from fiscal 2025 (28.4%). Over the past ten years it has ranged from 17.4% (fiscal 2022) to 35.6% (fiscal 2018); the current reading is higher than 55% of that period. That is above the Asset Management industry median of 5.96% and above the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 28.4% 0.30
FY2024 28.1% 1.11
FY2023 27.0% 9.57
FY2022 17.4% (4.23)
FY2021 21.7% (2.76)
FY2020 24.4% (8.63)
FY2019 33.1% (2.52)
FY2018 35.6% 7.02
FY2017 28.6% (1.33)
FY2016 29.9% (5.56)

Against its own ten years

Low 17.4% High 35.6%
Ten-year median 28.4%
Current reading's percentile 55

Free cash flow margin against peers

Company Free cash flow margin
OWL Blue Owl Capital Inc. compare 49.0%
PFG Principal Financial Group, Inc. 32.2%
TROW T. Rowe Price Group, Inc. compare 20.8%
TPG TPG Inc. compare 12.7%
CRBG Corebridge Financial, Inc. compare 11.7%
NTRS Northern Trust Corporation compare 7.14%
BEN Franklin Resources Inc compare 2.48%
RJF Raymond James Financial, Inc. compare 0.00%
PS Pershing Square Inc. compare −36.9%
Asset Management industry median 5.96%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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