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Side-by-side financial comparison of Delek US Holdings, Inc. (DK) 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 $2.4B, roughly 1.9× Delek US Holdings, Inc.). Principal Financial Group runs the higher net margin — 11.3% vs 3.2%, a 8.1% gap on every dollar of revenue. On growth, Delek US Holdings, Inc. posted the faster year-over-year revenue change (2.3% vs -3.7%). Over the past eight quarters, Principal Financial Group's revenue compounded faster (6.3% CAGR vs -11.9%).
Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.
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.
DK vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $4.6B |
| Net Profit | $78.3M | $517.0M |
| Gross Margin | 9.3% | — |
| Operating Margin | 6.8% | — |
| Net Margin | 3.2% | 11.3% |
| Revenue YoY | 2.3% | -3.7% |
| Net Profit YoY | 118.9% | -42.9% |
| EPS (diluted) | $1.23 | $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 | $2.4B | $4.6B | ||
| Q3 25 | $2.9B | $3.7B | ||
| Q2 25 | $2.8B | $3.7B | ||
| Q1 25 | $2.6B | $3.7B | ||
| Q4 24 | $2.4B | $4.8B | ||
| Q3 24 | $3.0B | $3.0B | ||
| Q2 24 | $3.3B | $4.3B | ||
| Q1 24 | $3.1B | $4.1B |
| Q4 25 | $78.3M | $517.0M | ||
| Q3 25 | $178.0M | $213.8M | ||
| Q2 25 | $-106.4M | $406.2M | ||
| Q1 25 | $-172.7M | $48.1M | ||
| Q4 24 | $-413.8M | $905.4M | ||
| Q3 24 | $-76.8M | $-220.0M | ||
| Q2 24 | $-37.2M | $353.1M | ||
| Q1 24 | $-32.6M | $532.5M |
| Q4 25 | 9.3% | — | ||
| Q3 25 | 13.8% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | -5.7% | — | ||
| Q3 24 | -0.7% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 3.0% | — |
| Q4 25 | 6.8% | — | ||
| Q3 25 | 10.2% | — | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -4.8% | — | ||
| Q4 24 | -17.0% | — | ||
| Q3 24 | -4.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | 3.2% | 11.3% | ||
| Q3 25 | 6.2% | 5.8% | ||
| Q2 25 | -3.8% | 11.1% | ||
| Q1 25 | -6.5% | 1.3% | ||
| Q4 24 | -17.4% | 19.1% | ||
| Q3 24 | -2.5% | -7.3% | ||
| Q2 24 | -1.1% | 8.2% | ||
| Q1 24 | -1.0% | 13.1% |
| Q4 25 | $1.23 | $2.30 | ||
| Q3 25 | $2.93 | $0.95 | ||
| Q2 25 | $-1.76 | $1.79 | ||
| Q1 25 | $-2.78 | $0.21 | ||
| Q4 24 | $-6.48 | $3.92 | ||
| Q3 24 | $-1.20 | $-0.95 | ||
| Q2 24 | $-0.58 | $1.49 | ||
| Q1 24 | $-0.51 | $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 | $625.8M | $4.4B |
| Total DebtLower is stronger | $3.2B | $3.9B |
| Stockholders' EquityBook value | $547.3M | $11.9B |
| Total Assets | $6.8B | $341.4B |
| Debt / EquityLower = less leverage | 5.91× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $625.8M | $4.4B | ||
| Q3 25 | $630.9M | $5.1B | ||
| Q2 25 | $615.5M | $3.7B | ||
| Q1 25 | $623.8M | $3.9B | ||
| Q4 24 | $735.6M | $4.2B | ||
| Q3 24 | $1.0B | $6.2B | ||
| Q2 24 | $657.9M | $4.8B | ||
| Q1 24 | $753.4M | $4.2B |
| Q4 25 | $3.2B | $3.9B | ||
| Q3 25 | $3.2B | $3.9B | ||
| Q2 25 | $3.1B | $3.9B | ||
| Q1 25 | $3.0B | $4.3B | ||
| Q4 24 | $2.8B | $4.0B | ||
| Q3 24 | $2.8B | $3.9B | ||
| Q2 24 | $2.5B | $3.9B | ||
| Q1 24 | $2.5B | $3.9B |
| Q4 25 | $547.3M | $11.9B | ||
| Q3 25 | $444.8M | $11.7B | ||
| Q2 25 | $294.9M | $11.4B | ||
| Q1 25 | $429.4M | $11.2B | ||
| Q4 24 | $575.2M | $11.1B | ||
| Q3 24 | $875.4M | $11.2B | ||
| Q2 24 | $982.8M | $11.0B | ||
| Q1 24 | $1.0B | $11.2B |
| Q4 25 | $6.8B | $341.4B | ||
| Q3 25 | $7.1B | $334.5B | ||
| Q2 25 | $7.1B | $323.1B | ||
| Q1 25 | $6.9B | $313.0B | ||
| Q4 24 | $6.7B | $313.7B | ||
| Q3 24 | $7.0B | $322.9B | ||
| Q2 24 | $6.9B | $308.8B | ||
| Q1 24 | $7.2B | $308.7B |
| Q4 25 | 5.91× | 0.33× | ||
| Q3 25 | 7.14× | 0.34× | ||
| Q2 25 | 10.51× | 0.34× | ||
| Q1 25 | 7.07× | 0.39× | ||
| Q4 24 | 4.81× | 0.36× | ||
| Q3 24 | 3.19× | 0.35× | ||
| Q2 24 | 2.50× | 0.36× | ||
| Q1 24 | 2.41× | 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 | $502.8M | $1.7B |
| Free Cash FlowOCF − Capex | $382.8M | — |
| FCF MarginFCF / Revenue | 15.8% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | 6.42× | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $6.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $502.8M | $1.7B | ||
| Q3 25 | $44.0M | $1.0B | ||
| Q2 25 | $51.4M | $811.9M | ||
| Q1 25 | $-62.4M | $977.3M | ||
| Q4 24 | $-163.5M | $1.5B | ||
| Q3 24 | $-21.6M | $1.1B | ||
| Q2 24 | $-48.4M | $1.4B | ||
| Q1 24 | $166.7M | $584.2M |
| Q4 25 | $382.8M | — | ||
| Q3 25 | $-64.0M | — | ||
| Q2 25 | $-114.4M | — | ||
| Q1 25 | $-198.1M | — | ||
| Q4 24 | $-354.0M | — | ||
| Q3 24 | $-140.6M | — | ||
| Q2 24 | $-128.3M | — | ||
| Q1 24 | $128.4M | — |
| Q4 25 | 15.8% | — | ||
| Q3 25 | -2.2% | — | ||
| Q2 25 | -4.1% | — | ||
| Q1 25 | -7.5% | — | ||
| Q4 24 | -14.9% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -3.9% | — | ||
| Q1 24 | 4.1% | — |
| Q4 25 | 4.9% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.2% | — |
| Q4 25 | 6.42× | 3.37× | ||
| Q3 25 | 0.25× | 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
DK
| Refining | $2.2B | 91% |
| Other | $173.0M | 7% |
| Gravity Water Intermediate Holdings LLC Gravity | $22.5M | 1% |
| Related Party | $20.8M | 1% |
| Logistics | $1.3M | 0% |
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% |
