Blue Owl Capital Inc. (OWL) vs Principal Financial Group, Inc. (PFG)

Blue Owl Capital 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 $15.5B — 1.5× the size. Principal Financial Group, Inc. trades at the lower P/E: 12.6× against 71.1×. Blue Owl Capital Inc. grew revenue faster over the last twelve months: 11.8% against 5.24%. Principal Financial Group, Inc. has the higher net margin (11.9% vs 3.08%) and the higher return on invested capital (12.9% vs 4.07%). Both pay a dividend; Blue Owl Capital Inc. yields more (9.14% vs 2.88%). Across the 20 metrics below, Blue Owl Capital Inc. leads on 11 and Principal Financial Group, Inc. on 9.

Valuation

Metric OWL PFG Asset Management median
P/E 71.14 12.59 13.38
P/S 2.27 1.45 2.99
P/B 1.29 2.04 0.91
Price to free cash flow 4.63 n/m 7.79
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 1.41% 7.94% 4.67%
Free cash flow yield 21.61% (18.82%) 4.85%

Profitability

Metric OWL PFG Asset Management median
Gross margin 100.00% 48.48% 100.00%
Operating margin 17.62% 14.75% 27.27%
Net margin 3.08% 11.89% 11.89%
Free cash flow margin 48.96% 32.19% 5.96%
Return on equity 1.63% 16.78% 4.57%
Return on assets 0.77% 0.59% 1.40%
Return on invested capital 4.07% 12.88% 2.12%

Growth

Metric OWL PFG Asset Management median
Revenue growth (TTM) 11.76% 5.24% 7.26%
EPS growth (last fiscal year) (50.00%) (21.41%) (5.64%)
Revenue growth, 5-year CAGR 62.95% 1.17% 11.84%
Net income growth, 5-year CAGR 0.00% (3.22%) 0.00%

Health

Metric OWL PFG Asset Management median
Debt to equity 0.67 0.38 0.40
Current ratio 0.53 0.24 1.23
Net debt to EBITDA 3.13 (0.28) 1.06

Dividend

Metric OWL PFG Asset Management median
Dividend yield 9.14% 2.88% 6.43%
Payout ratio 6.50 0.37 0.91

Size

Metric OWL PFG Asset Management median
Market cap 15.49b 23.96b 692.54m

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