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Side-by-side financial comparison of Expeditors International (EXPD) 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 $2.9B, roughly 1.6× Expeditors International). Principal Financial Group runs the higher net margin — 11.3% vs 7.0%, a 4.3% gap on every dollar of revenue. On growth, Expeditors International posted the faster year-over-year revenue change (-3.3% vs -3.7%). Over the past eight quarters, Expeditors International's revenue compounded faster (13.8% CAGR vs 6.3%).
Expeditors International of Washington, Inc. is an American Fortune 500 service-based logistics company with headquarters in Bellevue, Washington. Expeditors generates highly optimized and customized supply chain solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+ countries on six continents.
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.
EXPD vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $4.6B |
| Net Profit | $200.7M | $517.0M |
| Gross Margin | — | — |
| Operating Margin | 8.8% | — |
| Net Margin | 7.0% | 11.3% |
| Revenue YoY | -3.3% | -3.7% |
| Net Profit YoY | -14.9% | -42.9% |
| EPS (diluted) | $1.50 | $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 | $2.9B | $4.6B | ||
| Q3 25 | $2.9B | $3.7B | ||
| Q2 25 | $2.7B | $3.7B | ||
| Q1 25 | $2.7B | $3.7B | ||
| Q4 24 | $3.0B | $4.8B | ||
| Q3 24 | $3.0B | $3.0B | ||
| Q2 24 | $2.4B | $4.3B | ||
| Q1 24 | $2.2B | $4.1B |
| Q4 25 | $200.7M | $517.0M | ||
| Q3 25 | $222.3M | $213.8M | ||
| Q2 25 | $183.6M | $406.2M | ||
| Q1 25 | $203.8M | $48.1M | ||
| Q4 24 | $235.9M | $905.4M | ||
| Q3 24 | $229.6M | $-220.0M | ||
| Q2 24 | $175.5M | $353.1M | ||
| Q1 24 | $169.2M | $532.5M |
| Q4 25 | 8.8% | — | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 9.7% | — |
| Q4 25 | 7.0% | 11.3% | ||
| Q3 25 | 7.7% | 5.8% | ||
| Q2 25 | 6.9% | 11.1% | ||
| Q1 25 | 7.6% | 1.3% | ||
| Q4 24 | 8.0% | 19.1% | ||
| Q3 24 | 7.7% | -7.3% | ||
| Q2 24 | 7.2% | 8.2% | ||
| Q1 24 | 7.7% | 13.1% |
| Q4 25 | $1.50 | $2.30 | ||
| Q3 25 | $1.64 | $0.95 | ||
| Q2 25 | $1.34 | $1.79 | ||
| Q1 25 | $1.47 | $0.21 | ||
| Q4 24 | $1.68 | $3.92 | ||
| Q3 24 | $1.63 | $-0.95 | ||
| Q2 24 | $1.24 | $1.49 | ||
| Q1 24 | $1.17 | $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 | $1.3B | $4.4B |
| Total DebtLower is stronger | — | $3.9B |
| Stockholders' EquityBook value | $2.4B | $11.9B |
| Total Assets | $4.9B | $341.4B |
| Debt / EquityLower = less leverage | — | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $4.4B | ||
| Q3 25 | $1.2B | $5.1B | ||
| Q2 25 | $1.2B | $3.7B | ||
| Q1 25 | $1.3B | $3.9B | ||
| Q4 24 | $1.1B | $4.2B | ||
| Q3 24 | $1.3B | $6.2B | ||
| Q2 24 | $1.3B | $4.8B | ||
| Q1 24 | $1.4B | $4.2B |
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $2.4B | $11.9B | ||
| Q3 25 | $2.3B | $11.7B | ||
| Q2 25 | $2.2B | $11.4B | ||
| Q1 25 | $2.3B | $11.2B | ||
| Q4 24 | $2.2B | $11.1B | ||
| Q3 24 | $2.4B | $11.2B | ||
| Q2 24 | $2.2B | $11.0B | ||
| Q1 24 | $2.2B | $11.2B |
| Q4 25 | $4.9B | $341.4B | ||
| Q3 25 | $4.8B | $334.5B | ||
| Q2 25 | $4.8B | $323.1B | ||
| Q1 25 | $4.8B | $313.0B | ||
| Q4 24 | $4.8B | $313.7B | ||
| Q3 24 | $5.2B | $322.9B | ||
| Q2 24 | $4.8B | $308.8B | ||
| Q1 24 | $4.5B | $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 | $283.3M | $1.7B |
| Free Cash FlowOCF − Capex | $270.3M | — |
| FCF MarginFCF / Revenue | 9.5% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | 1.41× | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $953.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $283.3M | $1.7B | ||
| Q3 25 | $201.4M | $1.0B | ||
| Q2 25 | $179.2M | $811.9M | ||
| Q1 25 | $342.6M | $977.3M | ||
| Q4 24 | $249.7M | $1.5B | ||
| Q3 24 | $90.0M | $1.1B | ||
| Q2 24 | $126.8M | $1.4B | ||
| Q1 24 | $256.9M | $584.2M |
| Q4 25 | $270.3M | — | ||
| Q3 25 | $190.3M | — | ||
| Q2 25 | $163.3M | — | ||
| Q1 25 | $329.5M | — | ||
| Q4 24 | $239.7M | — | ||
| Q3 24 | $77.7M | — | ||
| Q2 24 | $118.8M | — | ||
| Q1 24 | $246.7M | — |
| Q4 25 | 9.5% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | 8.1% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 4.9% | — | ||
| Q1 24 | 11.2% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.5% | — |
| Q4 25 | 1.41× | 3.37× | ||
| Q3 25 | 0.91× | 4.70× | ||
| Q2 25 | 0.98× | 2.00× | ||
| Q1 25 | 1.68× | 20.32× | ||
| Q4 24 | 1.06× | 1.61× | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.72× | 4.05× | ||
| Q1 24 | 1.52× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXPD
| Customs Brokerage And Other Services | $1.1B | 40% |
| Airfreight Services | $1.1B | 39% |
| Ocean Freight And Ocean Services | $611.4M | 21% |
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% |
