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 $24.4B against $14.5B — 1.7× the size. Principal Financial Group, Inc. trades at the lower P/E: 16.1× against 77.7×. Blue Owl Capital Inc. grew revenue faster over the last twelve months: 14.2% against 3.72%. Principal Financial Group, Inc. has the higher net margin (9.93% vs 2.71%) and the higher return on invested capital (10.3% vs 3.63%). Both pay a dividend; Blue Owl Capital Inc. yields more (3.48% vs 3.35%). Across the 22 metrics below, Blue Owl Capital Inc. leads on 12 and Principal Financial Group, Inc. on 10.

Valuation

Metric OWL PFG Asset Management median
P/E 77.67 16.07 14.62
P/S 2.15 1.58 2.97
P/B 1.14 2.03 0.94
Price to free cash flow 4.85 n/m 8.93
EV/EBITDA 10.68 12.81 10.32
EV/Sales 3.18 1.52 5.72
Earnings yield 1.29% 6.22% 4.53%
Free cash flow yield 20.63% (20.37%) 4.65%

Profitability

Metric OWL PFG Asset Management median
Gross margin 100.00% 47.67% 100.00%
Operating margin 16.91% 11.87% 33.03%
Net margin 2.71% 9.93% 13.53%
Free cash flow margin 44.26% 30.92% 12.44%
Return on equity 1.35% 13.18% 4.83%
Return on assets 0.66% 0.46% 1.57%
Return on invested capital 3.63% 10.34% 3.04%

Growth

Metric OWL PFG Asset Management median
Revenue growth (TTM) 14.19% 3.72% 6.97%
EPS growth (last fiscal year) (50.00%) (21.41%) —
Revenue growth, 5-year CAGR 62.95% 1.17% 12.13%
Net income growth, 5-year CAGR 0.00% (3.22%) 0.00%

Health

Metric OWL PFG Asset Management median
Debt to equity 0.68 0.36 0.42
Current ratio 0.54 0.24 1.28
Net debt to EBITDA 3.13 (0.28) 1.06

Dividend

Metric OWL PFG Asset Management median
Dividend yield 3.48% 3.35% 6.92%
Payout ratio 10.00 0.39 0.77

Size

Metric OWL PFG Asset Management median
Market cap 14.53b 24.44b 721.34m

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