Principal Financial Group Inc (PFG) Stock Analysis
Financial Services · Asset Management · NasdaqGS
Principal Financial Group Inc (PFG) posted $16.06B in revenue for fiscal 2025 (up 2.7% year over year), at a 7.4% net margin, and has compounded revenue about 1.7%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Principal Financial Group Inc
Principal Financial Group Inc has grown revenue from $12.39B to $16.06B over the last 10 fiscal years, compounding about 1.7% a year. The most recent year was up 2.7%, roughly in line with its longer-run pace.
Net margin sits at 7.4%, down 2.6 points year over year. It carries about $3.95B of total debt.
The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Principal Financial Group Inc's SEC filings — descriptive, not advice. Ask the analyst your own question →
Principal Financial Group Inc revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.39B | $14.09B | $14.24B | $16.22B | $14.74B | $14.43B | $13.47B | $14.66B | $15.63B | $16.06B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $1.32B | $2.31B | $1.55B | $1.39B | $1.40B | $1.58B | $4.81B | $623.20M | $1.57B | $1.19B |
| Net margin | 10.6% | 16.4% | 10.9% | 8.6% | 9.5% | 11.0% | 35.7% | 4.3% | 10.0% | 7.4% |
Source: Principal Financial Group Inc SEC filings (10-K). 19 years of history available in the interactive view.
Principal Financial Group Inc: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 35.7% to 7.4% over ~3 years — profitability is compressing.
Explore 19 years of Principal Financial Group Inc financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Principal Financial Group Inc financial history by metric
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About Principal Financial Group Inc
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services. This segment offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, registered index-linked annuities, and bank products, as well as trust and custody services. The Principal Asset Management segment provides equity, fixed income, real estate, and other alternative investments, as well as fund offerings. This segment also offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans. The Benefits and Protection segment provides specialty benefits, such as specialty benefits group dental and vision insurance, group life and other insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products. This segment serves insurance solutions for small and medium-sized businesses and their owners, as well as employees. The company was founded in 1879 and is based in Des Moines, Iowa.
Principal Financial Group Inc — frequently asked questions
What is Principal Financial Group Inc's revenue?
Principal Financial Group Inc (PFG) reported revenue of $16.06B for fiscal year 2025, up 2.7% from the prior year, according to its SEC filings.
Is Principal Financial Group Inc profitable?
Yes. PFG earned net income of $1.19B in fiscal 2025, a net margin of 7.4%.
What is PFG's P/E ratio?
Principal Financial Group Inc trades at a price-to-earnings ratio of about 16.2 based on the latest data in our nightly-refreshed cache.
How fast is Principal Financial Group Inc growing?
PFG's revenue grew at roughly 1.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Principal Financial Group Inc have?
As of fiscal year 2025, PFG carried roughly $3.95B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Principal Financial Group Inc's market cap?
Principal Financial Group Inc (PFG) has a market capitalization of about $24.34B, based on the latest data in our nightly-refreshed cache.
When does Principal Financial Group Inc's fiscal year end?
PFG's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Principal Financial Group Inc's official SEC filings (10-K and 10-Q), covering 19 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.