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Side-by-side financial comparison of Calumet, Inc. (CLMT) and Principal Financial Group (PFG). Click either name above to swap in a different company.
Principal Financial Group is the larger business by last-quarter revenue ($4.6B vs $1.0B, roughly 4.4× Calumet, Inc.). Principal Financial Group runs the higher net margin — 11.3% vs -3.6%, a 14.9% gap on every dollar of revenue.
Calumet, Inc. is a U.S.-headquartered specialty products firm that manufactures and distributes high-value hydrocarbon and specialty chemical products. Its offerings include specialty oils, lubricants, waxes, and renewable fuel solutions, serving industrial, consumer, and transportation segments across North America.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
CLMT vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $4.6B |
| Net Profit | $-37.3M | $517.0M |
| Gross Margin | -0.3% | — |
| Operating Margin | -6.2% | — |
| Net Margin | -3.6% | 11.3% |
| Revenue YoY | — | -3.7% |
| Net Profit YoY | — | -42.9% |
| EPS (diluted) | $-0.43 | $2.30 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.0B | $4.6B | ||
| Q3 25 | $1.1B | $3.7B | ||
| Q2 25 | $1.0B | $3.7B | ||
| Q1 25 | $993.9M | $3.7B | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | $1.1B | $3.0B | ||
| Q2 24 | $1.1B | $4.3B | ||
| Q1 24 | — | $4.1B |
| Q4 25 | $-37.3M | $517.0M | ||
| Q3 25 | $313.4M | $213.8M | ||
| Q2 25 | $-147.9M | $406.2M | ||
| Q1 25 | $-162.0M | $48.1M | ||
| Q4 24 | — | $905.4M | ||
| Q3 24 | $-100.6M | $-220.0M | ||
| Q2 24 | $-39.1M | $353.1M | ||
| Q1 24 | — | $532.5M |
| Q4 25 | -0.3% | — | ||
| Q3 25 | 34.7% | — | ||
| Q2 25 | -4.2% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 5.6% | — | ||
| Q1 24 | — | — |
| Q4 25 | -6.2% | — | ||
| Q3 25 | 30.0% | — | ||
| Q2 25 | -9.8% | — | ||
| Q1 25 | -4.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -5.2% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | — | — |
| Q4 25 | -3.6% | 11.3% | ||
| Q3 25 | 29.1% | 5.8% | ||
| Q2 25 | -14.4% | 11.1% | ||
| Q1 25 | -16.3% | 1.3% | ||
| Q4 24 | — | 19.1% | ||
| Q3 24 | -9.1% | -7.3% | ||
| Q2 24 | -3.4% | 8.2% | ||
| Q1 24 | — | 13.1% |
| Q4 25 | $-0.43 | $2.30 | ||
| Q3 25 | $3.61 | $0.95 | ||
| Q2 25 | $-1.70 | $1.79 | ||
| Q1 25 | $-1.87 | $0.21 | ||
| Q4 24 | — | $3.92 | ||
| Q3 24 | $-1.18 | $-0.95 | ||
| Q2 24 | $-0.48 | $1.49 | ||
| Q1 24 | — | $2.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $125.1M | $4.4B |
| Total DebtLower is stronger | $2.1B | $3.9B |
| Stockholders' EquityBook value | $-732.7M | $11.9B |
| Total Assets | $2.7B | $341.4B |
| Debt / EquityLower = less leverage | — | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $125.1M | $4.4B | ||
| Q3 25 | $94.6M | $5.1B | ||
| Q2 25 | $110.6M | $3.7B | ||
| Q1 25 | $123.4M | $3.9B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | $34.6M | $6.2B | ||
| Q2 24 | $7.0M | $4.8B | ||
| Q1 24 | — | $4.2B |
| Q4 25 | $2.1B | $3.9B | ||
| Q3 25 | $2.1B | $3.9B | ||
| Q2 25 | $2.1B | $3.9B | ||
| Q1 25 | $2.3B | $4.3B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | $1.7B | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $-732.7M | $11.9B | ||
| Q3 25 | $-695.3M | $11.7B | ||
| Q2 25 | $-1.0B | $11.4B | ||
| Q1 25 | $-862.3M | $11.2B | ||
| Q4 24 | — | $11.1B | ||
| Q3 24 | $-672.2M | $11.2B | ||
| Q2 24 | $-566.4M | $11.0B | ||
| Q1 24 | — | $11.2B |
| Q4 25 | $2.7B | $341.4B | ||
| Q3 25 | $2.7B | $334.5B | ||
| Q2 25 | $2.8B | $323.1B | ||
| Q1 25 | $2.8B | $313.0B | ||
| Q4 24 | — | $313.7B | ||
| Q3 24 | $2.6B | $322.9B | ||
| Q2 24 | $100 | $308.8B | ||
| Q1 24 | — | $308.7B |
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.35× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $116.5M | $1.7B |
| Free Cash FlowOCF − Capex | $103.8M | — |
| FCF MarginFCF / Revenue | 10.0% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | — | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $56.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $116.5M | $1.7B | ||
| Q3 25 | $23.5M | $1.0B | ||
| Q2 25 | $-1.8M | $811.9M | ||
| Q1 25 | $-29.3M | $977.3M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $-15.5M | $1.1B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $584.2M |
| Q4 25 | $103.8M | — | ||
| Q3 25 | $15.1M | — | ||
| Q2 25 | $-15.4M | — | ||
| Q1 25 | $-46.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-32.2M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 10.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | -1.5% | — | ||
| Q1 25 | -4.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -2.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 3.37× | ||
| Q3 25 | 0.07× | 4.70× | ||
| Q2 25 | — | 2.00× | ||
| Q1 25 | — | 20.32× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.05× | ||
| Q1 24 | — | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLMT
| Specialty Products And Solutions | $675.9M | 65% |
| Montana Renewables | $294.2M | 28% |
| Performance Brands | $68.5M | 7% |
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
