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Side-by-side financial comparison of ManpowerGroup Inc. (MAN) and Principal Financial Group (PFG). Click either name above to swap in a different company.
ManpowerGroup Inc. is the larger business by last-quarter revenue ($4.7B vs $4.6B, roughly 1.0× Principal Financial Group). Principal Financial Group runs the higher net margin — 11.3% vs 0.6%, a 10.7% gap on every dollar of revenue. On growth, ManpowerGroup Inc. posted the faster year-over-year revenue change (7.1% vs -3.7%). Over the past eight quarters, Principal Financial Group's revenue compounded faster (6.3% CAGR vs 3.5%).
ManpowerGroup is an American multinational corporation headquartered in Milwaukee, Wisconsin. Founded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world behind Swiss firm Adecco and Dutch firm Randstad NV. The company provides administrative & support services, professional services, and business services through its four primary brands: Manpower, Experis, Right Management, and ManpowerGroup Solutions.
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.
MAN vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $4.6B |
| Net Profit | $30.2M | $517.0M |
| Gross Margin | 16.3% | — |
| Operating Margin | 1.7% | — |
| Net Margin | 0.6% | 11.3% |
| Revenue YoY | 7.1% | -3.7% |
| Net Profit YoY | 34.2% | -42.9% |
| EPS (diluted) | $0.65 | $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 | $4.7B | $4.6B | ||
| Q3 25 | $4.6B | $3.7B | ||
| Q2 25 | $4.5B | $3.7B | ||
| Q1 25 | $4.1B | $3.7B | ||
| Q4 24 | $4.4B | $4.8B | ||
| Q3 24 | $4.5B | $3.0B | ||
| Q2 24 | $4.5B | $4.3B | ||
| Q1 24 | $4.4B | $4.1B |
| Q4 25 | $30.2M | $517.0M | ||
| Q3 25 | $18.0M | $213.8M | ||
| Q2 25 | $-67.1M | $406.2M | ||
| Q1 25 | $5.6M | $48.1M | ||
| Q4 24 | $22.5M | $905.4M | ||
| Q3 24 | $22.8M | $-220.0M | ||
| Q2 24 | $60.1M | $353.1M | ||
| Q1 24 | $39.7M | $532.5M |
| Q4 25 | 16.3% | — | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 16.9% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 17.3% | — | ||
| Q2 24 | 17.4% | — | ||
| Q1 24 | 17.3% | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | -0.6% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 0.6% | 11.3% | ||
| Q3 25 | 0.4% | 5.8% | ||
| Q2 25 | -1.5% | 11.1% | ||
| Q1 25 | 0.1% | 1.3% | ||
| Q4 24 | 0.5% | 19.1% | ||
| Q3 24 | 0.5% | -7.3% | ||
| Q2 24 | 1.3% | 8.2% | ||
| Q1 24 | 0.9% | 13.1% |
| Q4 25 | $0.65 | $2.30 | ||
| Q3 25 | $0.38 | $0.95 | ||
| Q2 25 | $-1.44 | $1.79 | ||
| Q1 25 | $0.12 | $0.21 | ||
| Q4 24 | $0.49 | $3.92 | ||
| Q3 24 | $0.47 | $-0.95 | ||
| Q2 24 | $1.24 | $1.49 | ||
| Q1 24 | $0.81 | $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 | $871.0M | $4.4B |
| Total DebtLower is stronger | $1.1B | $3.9B |
| Stockholders' EquityBook value | $2.1B | $11.9B |
| Total Assets | $9.2B | $341.4B |
| Debt / EquityLower = less leverage | 0.51× | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $871.0M | $4.4B | ||
| Q3 25 | $274.6M | $5.1B | ||
| Q2 25 | $289.8M | $3.7B | ||
| Q1 25 | $395.0M | $3.9B | ||
| Q4 24 | $509.4M | $4.2B | ||
| Q3 24 | $410.9M | $6.2B | ||
| Q2 24 | $468.9M | $4.8B | ||
| Q1 24 | $604.8M | $4.2B |
| Q4 25 | $1.1B | $3.9B | ||
| Q3 25 | $468.3M | $3.9B | ||
| Q2 25 | $470.3M | $3.9B | ||
| Q1 25 | $971.4M | $4.3B | ||
| Q4 24 | $929.4M | $4.0B | ||
| Q3 24 | $999.7M | $3.9B | ||
| Q2 24 | $961.7M | $3.9B | ||
| Q1 24 | $968.9M | $3.9B |
| Q4 25 | $2.1B | $11.9B | ||
| Q3 25 | $2.0B | $11.7B | ||
| Q2 25 | $2.0B | $11.4B | ||
| Q1 25 | $2.1B | $11.2B | ||
| Q4 24 | $2.1B | $11.1B | ||
| Q3 24 | $2.2B | $11.2B | ||
| Q2 24 | $2.1B | $11.0B | ||
| Q1 24 | $2.2B | $11.2B |
| Q4 25 | $9.2B | $341.4B | ||
| Q3 25 | $8.4B | $334.5B | ||
| Q2 25 | $8.5B | $323.1B | ||
| Q1 25 | $8.0B | $313.0B | ||
| Q4 24 | $8.2B | $313.7B | ||
| Q3 24 | $8.5B | $322.9B | ||
| Q2 24 | $8.5B | $308.8B | ||
| Q1 24 | $8.5B | $308.7B |
| Q4 25 | 0.51× | 0.33× | ||
| Q3 25 | 0.23× | 0.34× | ||
| Q2 25 | 0.24× | 0.34× | ||
| Q1 25 | 0.46× | 0.39× | ||
| Q4 24 | 0.44× | 0.36× | ||
| Q3 24 | 0.46× | 0.35× | ||
| Q2 24 | 0.45× | 0.36× | ||
| Q1 24 | 0.45× | 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 | $178.9M | $1.7B |
| Free Cash FlowOCF − Capex | $168.0M | — |
| FCF MarginFCF / Revenue | 3.6% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 5.92× | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $-161.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $178.9M | $1.7B | ||
| Q3 25 | $59.8M | $1.0B | ||
| Q2 25 | $-189.6M | $811.9M | ||
| Q1 25 | $-153.2M | $977.3M | ||
| Q4 24 | $247.6M | $1.5B | ||
| Q3 24 | $83.5M | $1.1B | ||
| Q2 24 | $-137.9M | $1.4B | ||
| Q1 24 | $116.0M | $584.2M |
| Q4 25 | $168.0M | — | ||
| Q3 25 | $44.7M | — | ||
| Q2 25 | $-207.2M | — | ||
| Q1 25 | $-166.9M | — | ||
| Q4 24 | $236.3M | — | ||
| Q3 24 | $67.4M | — | ||
| Q2 24 | $-149.8M | — | ||
| Q1 24 | $104.2M | — |
| Q4 25 | 3.6% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | -4.6% | — | ||
| Q1 25 | -4.1% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | -3.3% | — | ||
| Q1 24 | 2.4% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 5.92× | 3.37× | ||
| Q3 25 | 3.32× | 4.70× | ||
| Q2 25 | — | 2.00× | ||
| Q1 25 | -27.36× | 20.32× | ||
| Q4 24 | 11.00× | 1.61× | ||
| Q3 24 | 3.66× | — | ||
| Q2 24 | -2.29× | 4.05× | ||
| Q1 24 | 2.92× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAN
| Other | $2.4B | 52% |
| Transferred Over Time | $1.1B | 24% |
| Staffingand Interim | $1.0B | 22% |
| Productsand Services Other | $50.8M | 1% |
| Permanent Recruitment | $37.5M | 1% |
| Outcome Based Solutionsand Consulting | $20.7M | 0% |
| Transferred At Point In Time | $20.4M | 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% |
