Corebridge Financial, Inc. (CRBG) vs Principal Financial Group, Inc. (PFG)

Corebridge Financial, Inc. and Principal Financial Group, Inc. are both Asset Management companies. Principal Financial Group, Inc. is the larger, with a market value of $24.0B against $15.0B — 1.6× the size. Corebridge Financial, Inc. trades at the lower P/E: 7.3× against 12.6×. Corebridge Financial, Inc. grew revenue faster over the last twelve months: 13.9% against 5.24%. Principal Financial Group, Inc. has the higher net margin (11.9% vs 10.5%) and the lower return on invested capital (12.9% vs 13.4%). Both pay a dividend; Corebridge Financial, Inc. yields more (2.90% vs 2.88%). Across the 20 metrics below, Corebridge Financial, Inc. leads on 11 and Principal Financial Group, Inc. on 9.

Valuation

Metric CRBG PFG Asset Management median
P/E 7.30 12.59 13.38
P/S 0.73 1.45 2.99
P/B 2.20 2.04 0.91
Price to free cash flow 6.26 n/m 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 13.69% 7.94% 4.67%
Free cash flow yield 15.97% (18.82%) 4.85%

Profitability

Metric CRBG PFG Asset Management median
Gross margin 38.87% 48.48% 100.00%
Operating margin 19.09% 14.75% 27.27%
Net margin 10.50% 11.89% 11.89%
Free cash flow margin 11.69% 32.19% 5.96%
Return on equity 20.56% 16.78% 4.57%
Return on assets 0.54% 0.59% 1.40%
Return on invested capital 13.38% 12.88% 2.12%

Growth

Metric CRBG PFG Asset Management median
Revenue growth (TTM) 13.86% 5.24% 7.26%
EPS growth (last fiscal year) (118.28%) (21.41%) (5.64%)
Revenue growth, 5-year CAGR 4.18% 1.17% 11.84%
Net income growth, 5-year CAGR 0.00% (3.22%) 0.00%

Health

Metric CRBG PFG Asset Management median
Debt to equity 1.56 0.38 0.40
Current ratio 0.09 0.24 1.23
Net debt to EBITDA 18.45 (0.28) 1.06

Dividend

Metric CRBG PFG Asset Management median
Dividend yield 2.90% 2.88% 6.43%
Payout ratio 0.21 0.37 0.91

Size

Metric CRBG PFG Asset Management median
Market cap 15.01b 23.96b 692.54m

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