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Side-by-side financial comparison of Freeport-McMoRan (FCX) and Principal Financial Group (PFG). Click either name above to swap in a different company.
Freeport-McMoRan is the larger business by last-quarter revenue ($5.3B vs $4.6B, roughly 1.2× Principal Financial Group). Principal Financial Group runs the higher net margin — 11.3% vs 10.7%, a 0.6% gap on every dollar of revenue. On growth, Principal Financial Group posted the faster year-over-year revenue change (-3.7% vs -10.4%). Over the past eight quarters, Principal Financial Group's revenue compounded faster (6.3% CAGR vs -7.9%).
Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.
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.
FCX vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.3B | $4.6B |
| Net Profit | $565.0M | $517.0M |
| Gross Margin | 12.4% | — |
| Operating Margin | 15.4% | — |
| Net Margin | 10.7% | 11.3% |
| Revenue YoY | -10.4% | -3.7% |
| Net Profit YoY | -21.6% | -42.9% |
| EPS (diluted) | — | $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 | $5.3B | $4.6B | ||
| Q3 25 | $6.8B | $3.7B | ||
| Q2 25 | $7.5B | $3.7B | ||
| Q1 25 | $5.6B | $3.7B | ||
| Q4 24 | $5.9B | $4.8B | ||
| Q3 24 | $6.7B | $3.0B | ||
| Q2 24 | $6.4B | $4.3B | ||
| Q1 24 | $6.2B | $4.1B |
| Q4 25 | $565.0M | $517.0M | ||
| Q3 25 | $1.2B | $213.8M | ||
| Q2 25 | $1.5B | $406.2M | ||
| Q1 25 | $793.0M | $48.1M | ||
| Q4 24 | $721.0M | $905.4M | ||
| Q3 24 | $1.2B | $-220.0M | ||
| Q2 24 | $1.3B | $353.1M | ||
| Q1 24 | $1.2B | $532.5M |
| Q4 25 | 12.4% | — | ||
| Q3 25 | 29.2% | — | ||
| Q2 25 | 34.2% | — | ||
| Q1 25 | 24.3% | — | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 30.0% | — | ||
| Q2 24 | 31.5% | — | ||
| Q1 24 | 28.5% | — |
| Q4 25 | 15.4% | — | ||
| Q3 25 | 28.9% | — | ||
| Q2 25 | 32.3% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 21.1% | — | ||
| Q3 24 | 29.0% | — | ||
| Q2 24 | 32.0% | — | ||
| Q1 24 | 26.3% | — |
| Q4 25 | 10.7% | 11.3% | ||
| Q3 25 | 18.3% | 5.8% | ||
| Q2 25 | 20.6% | 11.1% | ||
| Q1 25 | 14.2% | 1.3% | ||
| Q4 24 | 12.3% | 19.1% | ||
| Q3 24 | 18.5% | -7.3% | ||
| Q2 24 | 20.0% | 8.2% | ||
| Q1 24 | 18.7% | 13.1% |
| Q4 25 | — | $2.30 | ||
| Q3 25 | $0.46 | $0.95 | ||
| Q2 25 | $0.53 | $1.79 | ||
| Q1 25 | $0.24 | $0.21 | ||
| Q4 24 | — | $3.92 | ||
| Q3 24 | $0.36 | $-0.95 | ||
| Q2 24 | $0.42 | $1.49 | ||
| Q1 24 | $0.32 | $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 | $3.8B | $4.4B |
| Total DebtLower is stronger | $9.4B | $3.9B |
| Stockholders' EquityBook value | $18.9B | $11.9B |
| Total Assets | $58.2B | $341.4B |
| Debt / EquityLower = less leverage | 0.50× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8B | $4.4B | ||
| Q3 25 | $4.3B | $5.1B | ||
| Q2 25 | $4.5B | $3.7B | ||
| Q1 25 | $4.4B | $3.9B | ||
| Q4 24 | $3.9B | $4.2B | ||
| Q3 24 | $5.0B | $6.2B | ||
| Q2 24 | $5.3B | $4.8B | ||
| Q1 24 | $5.2B | $4.2B |
| Q4 25 | $9.4B | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | $9.4B | $4.3B | ||
| Q4 24 | $8.9B | $4.0B | ||
| Q3 24 | $9.7B | $3.9B | ||
| Q2 24 | $9.4B | $3.9B | ||
| Q1 24 | $9.4B | $3.9B |
| Q4 25 | $18.9B | $11.9B | ||
| Q3 25 | $18.7B | $11.7B | ||
| Q2 25 | $18.2B | $11.4B | ||
| Q1 25 | $17.7B | $11.2B | ||
| Q4 24 | $17.6B | $11.1B | ||
| Q3 24 | $17.5B | $11.2B | ||
| Q2 24 | $17.4B | $11.0B | ||
| Q1 24 | $17.0B | $11.2B |
| Q4 25 | $58.2B | $341.4B | ||
| Q3 25 | $56.8B | $334.5B | ||
| Q2 25 | $56.5B | $323.1B | ||
| Q1 25 | $56.0B | $313.0B | ||
| Q4 24 | $54.8B | $313.7B | ||
| Q3 24 | $55.4B | $322.9B | ||
| Q2 24 | $54.6B | $308.8B | ||
| Q1 24 | $54.2B | $308.7B |
| Q4 25 | 0.50× | 0.33× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.34× | ||
| Q1 25 | 0.53× | 0.39× | ||
| Q4 24 | 0.51× | 0.36× | ||
| Q3 24 | 0.55× | 0.35× | ||
| Q2 24 | 0.54× | 0.36× | ||
| Q1 24 | 0.56× | 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 | $693.0M | $1.7B |
| Free Cash FlowOCF − Capex | $-312.0M | — |
| FCF MarginFCF / Revenue | -5.9% | — |
| Capex IntensityCapex / Revenue | 19.1% | — |
| Cash ConversionOCF / Net Profit | 1.23× | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $1.1B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $693.0M | $1.7B | ||
| Q3 25 | $1.7B | $1.0B | ||
| Q2 25 | $2.2B | $811.9M | ||
| Q1 25 | $1.1B | $977.3M | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $2.0B | $1.4B | ||
| Q1 24 | $1.9B | $584.2M |
| Q4 25 | $-312.0M | — | ||
| Q3 25 | $608.0M | — | ||
| Q2 25 | $934.0M | — | ||
| Q1 25 | $-114.0M | — | ||
| Q4 24 | $197.0M | — | ||
| Q3 24 | $673.0M | — | ||
| Q2 24 | $840.0M | — | ||
| Q1 24 | $642.0M | — |
| Q4 25 | -5.9% | — | ||
| Q3 25 | 8.9% | — | ||
| Q2 25 | 12.4% | — | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 10.1% | — | ||
| Q2 24 | 13.1% | — | ||
| Q1 24 | 10.3% | — |
| Q4 25 | 19.1% | — | ||
| Q3 25 | 15.5% | — | ||
| Q2 25 | 16.8% | — | ||
| Q1 25 | 21.0% | — | ||
| Q4 24 | 21.1% | — | ||
| Q3 24 | 17.9% | — | ||
| Q2 24 | 17.4% | — | ||
| Q1 24 | 20.2% | — |
| Q4 25 | 1.23× | 3.37× | ||
| Q3 25 | 1.33× | 4.70× | ||
| Q2 25 | 1.42× | 2.00× | ||
| Q1 25 | 1.33× | 20.32× | ||
| Q4 24 | 1.99× | 1.61× | ||
| Q3 24 | 1.51× | — | ||
| Q2 24 | 1.53× | 4.05× | ||
| Q1 24 | 1.63× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCX
| Morenci | $2.5B | 47% |
| Grasberg Segment | $964.0M | 18% |
| Copper In Concentrates | $934.0M | 18% |
| Molybdenum | $541.0M | 10% |
| Gold | $388.0M | 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% |
