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

111.29 1.53 −1.36%
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) Gross margin

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Principal Financial Group, Inc.'s gross margin over the twelve months to 30 September 2026 was 48.5%, up 3.9 percentage points from fiscal 2025 (44.6%). Over the past ten years it has ranged from 38.2% (fiscal 2019) to 61.6% (fiscal 2022); the current reading is higher than 73% of that period. That is below the Asset Management industry median of 100.0% and below the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 44.6% (4.73)
FY2024 49.3% 6.97
FY2023 42.4% (19.28)
FY2022 61.6% 12.60
FY2021 49.0% 6.03
FY2020 43.0% 4.81
FY2019 38.2% (3.39)
FY2018 41.6% (2.02)
FY2017 43.6% 0.65
FY2016 43.0% 0.31

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 49.1% 0.75
Jun 2026 48.4% (5.10)
Mar 2026 53.5% 9.42
Dec 2025 44.1% (1.78)
43 more quarters

Against its own ten years

Low 38.2% High 61.6%
Ten-year median 43.0%
Current reading's percentile 81

Gross margin against peers

Company Gross margin
TROW T. Rowe Price Group, Inc. compare 100.0%
OWL Blue Owl Capital Inc. compare 100.0%
BEN Franklin Resources Inc compare 100.0%
RJF Raymond James Financial, Inc. compare 100.0%
TPG TPG Inc. compare 100.0%
PS Pershing Square Inc. compare 100.0%
NTRS Northern Trust Corporation compare 60.9%
PFG Principal Financial Group, Inc. 48.5%
CRBG Corebridge Financial, Inc. compare 38.9%
Asset Management industry median 100.0%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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