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) Operating margin

Alert me on Operating margin

Principal Financial Group, Inc.'s operating margin over the twelve months to 30 September 2026 was 14.8%, up 5.7 percentage points from fiscal 2025 (9.06%). Over the past ten years it has ranged from 5.41% (fiscal 2023) to 34.1% (fiscal 2022); the current reading is higher than 18% of that period. That is below the Asset Management industry median of 27.3% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 9.06% (2.66)
FY2024 11.7% 6.31
FY2023 5.41% (28.73)
FY2022 34.1% 20.90
FY2021 13.2% 1.75
FY2020 11.5% 1.05
FY2019 10.4% (2.09)
FY2018 12.5% (3.45)
FY2017 16.0% 3.14
FY2016 12.8% 0.88

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 18.2% 5.46
Jun 2026 12.7% (0.94)
Mar 2026 13.7% (0.24)
Dec 2025 13.9% 7.14
43 more quarters

Against its own ten years

Low 5.41% High 34.1%
Ten-year median 12.0%
Current reading's percentile 77

Operating margin against peers

Company Operating margin
TROW T. Rowe Price Group, Inc. compare 32.0%
RJF Raymond James Financial, Inc. compare 27.3%
CRBG Corebridge Financial, Inc. compare 19.1%
OWL Blue Owl Capital Inc. compare 17.6%
TPG TPG Inc. compare 15.5%
PFG Principal Financial Group, Inc. 14.8%
BEN Franklin Resources Inc compare 9.71%
NTRS Northern Trust Corporation compare 0.00%
PS Pershing Square Inc. compare −25.1%
Asset Management industry median 27.3%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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