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Side-by-side financial comparison of Duke Energy (DUK) and Principal Financial Group (PFG). Click either name above to swap in a different company.
Duke Energy is the larger business by last-quarter revenue ($7.8B vs $4.6B, roughly 1.7× Principal Financial Group). Duke Energy runs the higher net margin — 15.2% vs 11.3%, a 3.9% gap on every dollar of revenue. On growth, Duke Energy posted the faster year-over-year revenue change (7.4% vs -3.7%). Over the past eight quarters, Principal Financial Group's revenue compounded faster (6.3% CAGR vs 1.6%).
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.
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.
DUK vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.8B | $4.6B |
| Net Profit | $1.2B | $517.0M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | — |
| Net Margin | 15.2% | 11.3% |
| Revenue YoY | 7.4% | -3.7% |
| Net Profit YoY | -1.7% | -42.9% |
| EPS (diluted) | $1.49 | $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 | $7.8B | $4.6B | ||
| Q3 25 | $8.4B | $3.7B | ||
| Q2 25 | $7.4B | $3.7B | ||
| Q1 25 | $8.2B | $3.7B | ||
| Q4 24 | $7.2B | $4.8B | ||
| Q3 24 | $8.1B | $3.0B | ||
| Q2 24 | $7.2B | $4.3B | ||
| Q1 24 | $7.5B | $4.1B |
| Q4 25 | $1.2B | $517.0M | ||
| Q3 25 | $1.4B | $213.8M | ||
| Q2 25 | $984.0M | $406.2M | ||
| Q1 25 | $1.4B | $48.1M | ||
| Q4 24 | $1.2B | $905.4M | ||
| Q3 24 | $1.3B | $-220.0M | ||
| Q2 24 | $900.0M | $353.1M | ||
| Q1 24 | $1.1B | $532.5M |
| Q4 25 | 27.3% | — | ||
| Q3 25 | 27.9% | — | ||
| Q2 25 | 24.8% | — | ||
| Q1 25 | 28.5% | — | ||
| Q4 24 | 29.2% | — | ||
| Q3 24 | 26.4% | — | ||
| Q2 24 | 23.9% | — | ||
| Q1 24 | 26.1% | — |
| Q4 25 | 15.2% | 11.3% | ||
| Q3 25 | 17.0% | 5.8% | ||
| Q2 25 | 13.3% | 11.1% | ||
| Q1 25 | 16.8% | 1.3% | ||
| Q4 24 | 16.6% | 19.1% | ||
| Q3 24 | 15.8% | -7.3% | ||
| Q2 24 | 12.6% | 8.2% | ||
| Q1 24 | 15.1% | 13.1% |
| Q4 25 | $1.49 | $2.30 | ||
| Q3 25 | $1.81 | $0.95 | ||
| Q2 25 | $1.25 | $1.79 | ||
| Q1 25 | $1.76 | $0.21 | ||
| Q4 24 | $1.54 | $3.92 | ||
| Q3 24 | $1.60 | $-0.95 | ||
| Q2 24 | $1.13 | $1.49 | ||
| Q1 24 | $1.44 | $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 | $245.0M | $4.4B |
| Total DebtLower is stronger | $80.1B | $3.9B |
| Stockholders' EquityBook value | $51.8B | $11.9B |
| Total Assets | $195.7B | $341.4B |
| Debt / EquityLower = less leverage | 1.55× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $245.0M | $4.4B | ||
| Q3 25 | $688.0M | $5.1B | ||
| Q2 25 | $344.0M | $3.7B | ||
| Q1 25 | $475.0M | $3.9B | ||
| Q4 24 | $314.0M | $4.2B | ||
| Q3 24 | $376.0M | $6.2B | ||
| Q2 24 | $390.0M | $4.8B | ||
| Q1 24 | $459.0M | $4.2B |
| Q4 25 | $80.1B | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $76.3B | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $51.8B | $11.9B | ||
| Q3 25 | $51.5B | $11.7B | ||
| Q2 25 | $50.9B | $11.4B | ||
| Q1 25 | $50.7B | $11.2B | ||
| Q4 24 | $50.1B | $11.1B | ||
| Q3 24 | $49.1B | $11.2B | ||
| Q2 24 | $49.7B | $11.0B | ||
| Q1 24 | $49.6B | $11.2B |
| Q4 25 | $195.7B | $341.4B | ||
| Q3 25 | $192.3B | $334.5B | ||
| Q2 25 | $189.7B | $323.1B | ||
| Q1 25 | $187.5B | $313.0B | ||
| Q4 24 | $186.3B | $313.7B | ||
| Q3 24 | $183.6B | $322.9B | ||
| Q2 24 | $181.6B | $308.8B | ||
| Q1 24 | $178.7B | $308.7B |
| Q4 25 | 1.55× | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | 1.52× | 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 | $3.7B | $1.7B |
| Free Cash FlowOCF − Capex | $-485.0M | — |
| FCF MarginFCF / Revenue | -6.2% | — |
| Capex IntensityCapex / Revenue | 53.3% | — |
| Cash ConversionOCF / Net Profit | 3.09× | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.7B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $1.7B | ||
| Q3 25 | $3.6B | $1.0B | ||
| Q2 25 | $2.9B | $811.9M | ||
| Q1 25 | $2.2B | $977.3M | ||
| Q4 24 | $3.4B | $1.5B | ||
| Q3 24 | $3.5B | $1.1B | ||
| Q2 24 | $3.0B | $1.4B | ||
| Q1 24 | $2.5B | $584.2M |
| Q4 25 | $-485.0M | — | ||
| Q3 25 | $179.0M | — | ||
| Q2 25 | $-417.0M | — | ||
| Q1 25 | $-971.0M | — | ||
| Q4 24 | $288.0M | — | ||
| Q3 24 | $537.0M | — | ||
| Q2 24 | $-43.0M | — | ||
| Q1 24 | $-734.0M | — |
| Q4 25 | -6.2% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | -5.7% | — | ||
| Q1 25 | -11.8% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 6.6% | — | ||
| Q2 24 | -0.6% | — | ||
| Q1 24 | -9.7% | — |
| Q4 25 | 53.3% | — | ||
| Q3 25 | 41.2% | — | ||
| Q2 25 | 44.5% | — | ||
| Q1 25 | 38.3% | — | ||
| Q4 24 | 42.7% | — | ||
| Q3 24 | 36.8% | — | ||
| Q2 24 | 41.9% | — | ||
| Q1 24 | 42.6% | — |
| Q4 25 | 3.09× | 3.37× | ||
| Q3 25 | 2.56× | 4.70× | ||
| Q2 25 | 2.91× | 2.00× | ||
| Q1 25 | 1.58× | 20.32× | ||
| Q4 24 | 2.80× | 1.61× | ||
| Q3 24 | 2.75× | — | ||
| Q2 24 | 3.28× | 4.05× | ||
| Q1 24 | 2.17× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUK
| Electric Utilitiesand Infrastructure | $7.0B | 90% |
| Other Revenues | $741.0M | 10% |
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% |
