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

111.42 1.40 −1.24%
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) Net margin

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Principal Financial Group, Inc.'s net margin over the twelve months to 30 September 2026 was 11.9%, up 4.3 percentage points from fiscal 2025 (7.58%). Over the past ten years it has ranged from 4.56% (fiscal 2023) to 27.1% (fiscal 2022); the current reading is higher than 18% of that period. That is in line with the Asset Management industry median of 11.9% and below the Financial sector median of 14.3%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 7.58% (2.16)
FY2024 9.74% 5.18
FY2023 4.56% (22.57)
FY2022 27.1% 16.18
FY2021 11.0% 1.48
FY2020 9.47% 0.88
FY2019 8.59% (2.27)
FY2018 10.9% (5.53)
FY2017 16.4% 5.77
FY2016 10.6% 0.51

Quarterly newest first

Period Net margin Change (points)
Sep 2026 13.7% 3.36
Jun 2026 10.3% (1.70)
Mar 2026 12.0% 0.73
Dec 2025 11.3% 5.49
43 more quarters

Against its own ten years

Low 4.56% High 27.1%
Ten-year median 10.1%
Current reading's percentile 74

Net margin against peers

Company Net margin
TROW T. Rowe Price Group, Inc. compare 28.1%
NTRS Northern Trust Corporation compare 15.5%
RJF Raymond James Financial, Inc. compare 13.5%
PFG Principal Financial Group, Inc. 11.9%
CRBG Corebridge Financial, Inc. compare 10.5%
BEN Franklin Resources Inc compare 8.14%
TPG TPG Inc. compare 5.32%
OWL Blue Owl Capital Inc. compare 3.08%
PS Pershing Square Inc. compare −67.6%
Asset Management industry median 11.9%
Financial sector median 14.3%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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