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Side-by-side financial comparison of DaVita (DVA) 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 $3.6B, roughly 1.3× DaVita). Principal Financial Group runs the higher net margin — 11.3% vs 6.5%, a 4.8% gap on every dollar of revenue. On growth, DaVita posted the faster year-over-year revenue change (12.3% vs -3.7%). Over the past eight quarters, DaVita's revenue compounded faster (6.6% CAGR vs 6.3%).
DaVita Inc. is an American company that provides kidney dialysis services through a network of 2,675 outpatient centers in the United States, serving 200,800 patients, and 367 outpatient centers in 11 other countries serving 49,400 patients. The company primarily treats end-stage renal disease (ESRD), which requires patients to undergo kidney dialysis, often 3 times per week for the rest of their lives unless they receive a kidney transplant via organ donation.
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.
DVA vs PFG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.6B | $4.6B |
| Net Profit | $234.2M | $517.0M |
| Gross Margin | — | — |
| Operating Margin | 15.5% | — |
| Net Margin | 6.5% | 11.3% |
| Revenue YoY | 12.3% | -3.7% |
| Net Profit YoY | 43.8% | -42.9% |
| EPS (diluted) | $3.22 | $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.
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $4.6B | ||
| Q3 25 | $3.4B | $3.7B | ||
| Q2 25 | $3.4B | $3.7B | ||
| Q1 25 | $3.2B | $3.7B | ||
| Q4 24 | $3.3B | $4.8B | ||
| Q3 24 | $3.3B | $3.0B | ||
| Q2 24 | $3.2B | $4.3B |
| Q1 26 | $234.2M | — | ||
| Q4 25 | $234.2M | $517.0M | ||
| Q3 25 | $150.3M | $213.8M | ||
| Q2 25 | $199.3M | $406.2M | ||
| Q1 25 | $162.9M | $48.1M | ||
| Q4 24 | $259.3M | $905.4M | ||
| Q3 24 | $214.7M | $-220.0M | ||
| Q2 24 | $222.7M | $353.1M |
| Q1 26 | 15.5% | — | ||
| Q4 25 | 15.5% | — | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 15.9% | — | ||
| Q1 25 | 13.6% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 16.4% | — | ||
| Q2 24 | 15.9% | — |
| Q1 26 | 6.5% | — | ||
| Q4 25 | 6.5% | 11.3% | ||
| Q3 25 | 4.4% | 5.8% | ||
| Q2 25 | 5.9% | 11.1% | ||
| Q1 25 | 5.1% | 1.3% | ||
| Q4 24 | 7.9% | 19.1% | ||
| Q3 24 | 6.6% | -7.3% | ||
| Q2 24 | 7.0% | 8.2% |
| Q1 26 | $3.22 | — | ||
| Q4 25 | $3.22 | $2.30 | ||
| Q3 25 | $2.04 | $0.95 | ||
| Q2 25 | $2.58 | $1.79 | ||
| Q1 25 | $2.00 | $0.21 | ||
| Q4 24 | $3.08 | $3.92 | ||
| Q3 24 | $2.50 | $-0.95 | ||
| Q2 24 | $2.50 | $1.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $700.7M | $4.4B |
| Total DebtLower is stronger | $10.2B | $3.9B |
| Stockholders' EquityBook value | $-651.1M | $11.9B |
| Total Assets | $17.5B | $341.4B |
| Debt / EquityLower = less leverage | — | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $700.7M | — | ||
| Q4 25 | $700.7M | $4.4B | ||
| Q3 25 | $736.5M | $5.1B | ||
| Q2 25 | $739.4M | $3.7B | ||
| Q1 25 | $511.9M | $3.9B | ||
| Q4 24 | $846.0M | $4.2B | ||
| Q3 24 | $1.1B | $6.2B | ||
| Q2 24 | $437.2M | $4.8B |
| Q1 26 | $10.2B | — | ||
| Q4 25 | $10.2B | $3.9B | ||
| Q3 25 | $10.2B | $3.9B | ||
| Q2 25 | $10.1B | $3.9B | ||
| Q1 25 | $9.6B | $4.3B | ||
| Q4 24 | $9.2B | $4.0B | ||
| Q3 24 | $9.3B | $3.9B | ||
| Q2 24 | $8.5B | $3.9B |
| Q1 26 | $-651.1M | — | ||
| Q4 25 | $-651.1M | $11.9B | ||
| Q3 25 | $-571.9M | $11.7B | ||
| Q2 25 | $-369.6M | $11.4B | ||
| Q1 25 | $-267.1M | $11.2B | ||
| Q4 24 | $121.1M | $11.1B | ||
| Q3 24 | $386.7M | $11.2B | ||
| Q2 24 | $632.9M | $11.0B |
| Q1 26 | $17.5B | — | ||
| Q4 25 | $17.5B | $341.4B | ||
| Q3 25 | $17.6B | $334.5B | ||
| Q2 25 | $17.5B | $323.1B | ||
| Q1 25 | $17.1B | $313.0B | ||
| Q4 24 | $17.3B | $313.7B | ||
| Q3 24 | $17.5B | $322.9B | ||
| Q2 24 | $17.0B | $308.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | — | 0.39× | ||
| Q4 24 | 75.76× | 0.36× | ||
| Q3 24 | 23.95× | 0.35× | ||
| Q2 24 | 13.35× | 0.36× |
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 | — | $1.7B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $540.7M | $1.7B | ||
| Q3 25 | $841.5M | $1.0B | ||
| Q2 25 | $324.2M | $811.9M | ||
| Q1 25 | $180.0M | $977.3M | ||
| Q4 24 | $547.6M | $1.5B | ||
| Q3 24 | $810.4M | $1.1B | ||
| Q2 24 | $798.8M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $395.3M | — | ||
| Q3 25 | $675.4M | — | ||
| Q2 25 | $203.1M | — | ||
| Q1 25 | $36.8M | — | ||
| Q4 24 | $377.0M | — | ||
| Q3 24 | $671.4M | — | ||
| Q2 24 | $674.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | — | ||
| Q3 25 | 19.7% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 20.6% | — | ||
| Q2 24 | 21.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 3.6% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 3.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.31× | 3.37× | ||
| Q3 25 | 5.60× | 4.70× | ||
| Q2 25 | 1.63× | 2.00× | ||
| Q1 25 | 1.10× | 20.32× | ||
| Q4 24 | 2.11× | 1.61× | ||
| Q3 24 | 3.77× | — | ||
| Q2 24 | 3.59× | 4.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DVA
Segment breakdown not available.
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% |
