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Side-by-side financial comparison of FirstEnergy (FE) 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 $3.8B, roughly 1.2× FirstEnergy). Principal Financial Group runs the higher net margin — 11.3% vs -1.3%, a 12.6% gap on every dollar of revenue. On growth, FirstEnergy posted the faster year-over-year revenue change (19.6% vs -3.7%). Over the past eight quarters, FirstEnergy's revenue compounded faster (7.5% CAGR vs 6.3%).
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
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.
FE vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.8B | $4.6B |
| Net Profit | $-49.0M | $517.0M |
| Gross Margin | — | — |
| Operating Margin | -0.6% | — |
| Net Margin | -1.3% | 11.3% |
| Revenue YoY | 19.6% | -3.7% |
| Net Profit YoY | -118.8% | -42.9% |
| EPS (diluted) | $-0.08 | $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 | $3.8B | $4.6B | ||
| Q3 25 | $4.1B | $3.7B | ||
| Q2 25 | $3.4B | $3.7B | ||
| Q1 25 | $3.8B | $3.7B | ||
| Q4 24 | $3.2B | $4.8B | ||
| Q3 24 | $3.7B | $3.0B | ||
| Q2 24 | $3.3B | $4.3B | ||
| Q1 24 | $3.3B | $4.1B |
| Q4 25 | $-49.0M | $517.0M | ||
| Q3 25 | $441.0M | $213.8M | ||
| Q2 25 | $268.0M | $406.2M | ||
| Q1 25 | $360.0M | $48.1M | ||
| Q4 24 | $261.0M | $905.4M | ||
| Q3 24 | $419.0M | $-220.0M | ||
| Q2 24 | $45.0M | $353.1M | ||
| Q1 24 | $253.0M | $532.5M |
| Q4 25 | -0.6% | — | ||
| Q3 25 | 20.0% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 20.0% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 19.5% | — | ||
| Q2 24 | 12.9% | — | ||
| Q1 24 | 18.6% | — |
| Q4 25 | -1.3% | 11.3% | ||
| Q3 25 | 10.6% | 5.8% | ||
| Q2 25 | 7.9% | 11.1% | ||
| Q1 25 | 9.6% | 1.3% | ||
| Q4 24 | 8.2% | 19.1% | ||
| Q3 24 | 11.2% | -7.3% | ||
| Q2 24 | 1.4% | 8.2% | ||
| Q1 24 | 7.7% | 13.1% |
| Q4 25 | $-0.08 | $2.30 | ||
| Q3 25 | $0.76 | $0.95 | ||
| Q2 25 | $0.46 | $1.79 | ||
| Q1 25 | $0.62 | $0.21 | ||
| Q4 24 | $0.45 | $3.92 | ||
| Q3 24 | $0.73 | $-0.95 | ||
| Q2 24 | $0.08 | $1.49 | ||
| Q1 24 | $0.44 | $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 | $57.0M | $4.4B |
| Total DebtLower is stronger | $25.5B | $3.9B |
| Stockholders' EquityBook value | $12.5B | $11.9B |
| Total Assets | $55.9B | $341.4B |
| Debt / EquityLower = less leverage | 2.04× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.0M | $4.4B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $569.0M | $3.7B | ||
| Q1 25 | $132.0M | $3.9B | ||
| Q4 24 | $111.0M | $4.2B | ||
| Q3 24 | $439.0M | $6.2B | ||
| Q2 24 | $60.0M | $4.8B | ||
| Q1 24 | $888.0M | $4.2B |
| Q4 25 | $25.5B | $3.9B | ||
| Q3 25 | $25.5B | $3.9B | ||
| Q2 25 | $23.7B | $3.9B | ||
| Q1 25 | $21.2B | $4.3B | ||
| Q4 24 | $22.5B | $4.0B | ||
| Q3 24 | $21.6B | $3.9B | ||
| Q2 24 | $20.8B | $3.9B | ||
| Q1 24 | $21.7B | $3.9B |
| Q4 25 | $12.5B | $11.9B | ||
| Q3 25 | $12.8B | $11.7B | ||
| Q2 25 | $12.9B | $11.4B | ||
| Q1 25 | $12.6B | $11.2B | ||
| Q4 24 | $12.5B | $11.1B | ||
| Q3 24 | $12.4B | $11.2B | ||
| Q2 24 | $12.5B | $11.0B | ||
| Q1 24 | $12.4B | $11.2B |
| Q4 25 | $55.9B | $341.4B | ||
| Q3 25 | $55.9B | $334.5B | ||
| Q2 25 | $54.2B | $323.1B | ||
| Q1 25 | $52.8B | $313.0B | ||
| Q4 24 | $52.0B | $313.7B | ||
| Q3 24 | $50.8B | $322.9B | ||
| Q2 24 | $51.0B | $308.8B | ||
| Q1 24 | $51.3B | $308.7B |
| Q4 25 | 2.04× | 0.33× | ||
| Q3 25 | 1.99× | 0.34× | ||
| Q2 25 | 1.85× | 0.34× | ||
| Q1 25 | 1.69× | 0.39× | ||
| Q4 24 | 1.81× | 0.36× | ||
| Q3 24 | 1.74× | 0.35× | ||
| Q2 24 | 1.67× | 0.36× | ||
| Q1 24 | 1.75× | 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 | $1.1B | $1.7B |
| Free Cash FlowOCF − Capex | $-30.0M | — |
| FCF MarginFCF / Revenue | -0.8% | — |
| Capex IntensityCapex / Revenue | 30.7% | — |
| Cash ConversionOCF / Net Profit | — | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.0B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $845.0M | $1.0B | ||
| Q2 25 | $1.1B | $811.9M | ||
| Q1 25 | $637.0M | $977.3M | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $775.0M | $1.1B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $-40.0M | $584.2M |
| Q4 25 | $-30.0M | — | ||
| Q3 25 | $-471.0M | — | ||
| Q2 25 | $-136.0M | — | ||
| Q1 25 | $-368.0M | — | ||
| Q4 24 | $-250.0M | — | ||
| Q3 24 | $-229.0M | — | ||
| Q2 24 | $170.0M | — | ||
| Q1 24 | $-830.0M | — |
| Q4 25 | -0.8% | — | ||
| Q3 25 | -11.4% | — | ||
| Q2 25 | -4.0% | — | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | -7.9% | — | ||
| Q3 24 | -6.1% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -25.3% | — |
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.7% | — | ||
| Q2 25 | 36.0% | — | ||
| Q1 25 | 26.7% | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | 26.9% | — | ||
| Q2 24 | 28.7% | — | ||
| Q1 24 | 24.0% | — |
| Q4 25 | — | 3.37× | ||
| Q3 25 | 1.92× | 4.70× | ||
| Q2 25 | 4.04× | 2.00× | ||
| Q1 25 | 1.77× | 20.32× | ||
| Q4 24 | 4.00× | 1.61× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 24.71× | 4.05× | ||
| Q1 24 | -0.16× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FE
| Integrated Segment | $1.4B | 37% |
| Other | $1.4B | 36% |
| Stand Alone Transmission Segment | $466.0M | 12% |
| Industrial Customers | $167.0M | 4% |
| Mid Atlantic Interstate Transmission LLC | $118.0M | 3% |
| Transmission | $105.0M | 3% |
| Transmission Segment | $68.0M | 2% |
| Tr AIL | $63.0M | 2% |
| Internal Customers | $10.0M | 0% |
| Wholesale Sales | $6.0M | 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% |
