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Side-by-side financial comparison of McDonald's (MCD) and Principal Financial Group (PFG). Click either name above to swap in a different company.
McDonald's is the larger business by last-quarter revenue ($7.0B vs $4.6B, roughly 1.5× Principal Financial Group). McDonald's runs the higher net margin — 30.9% vs 11.3%, a 19.6% gap on every dollar of revenue. On growth, McDonald's posted the faster year-over-year revenue change (9.7% vs -3.7%). Over the past eight quarters, McDonald's's revenue compounded faster (6.6% CAGR vs 6.3%).
McDonald's Corporation, doing business as McDonald's, is an American multinational fast food restaurant chain. As of 2024, it is the second-largest by number of locations in the world, behind the Chinese chain Mixue Ice Cream & Tea.
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.
MCD vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.0B | $4.6B |
| Net Profit | $2.2B | $517.0M |
| Gross Margin | — | — |
| Operating Margin | 45.0% | — |
| Net Margin | 30.9% | 11.3% |
| Revenue YoY | 9.7% | -3.7% |
| Net Profit YoY | 7.3% | -42.9% |
| EPS (diluted) | $3.03 | $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 | $7.0B | $4.6B | ||
| Q3 25 | $7.1B | $3.7B | ||
| Q2 25 | $6.8B | $3.7B | ||
| Q1 25 | $6.0B | $3.7B | ||
| Q4 24 | $6.4B | $4.8B | ||
| Q3 24 | $6.9B | $3.0B | ||
| Q2 24 | $6.5B | $4.3B | ||
| Q1 24 | $6.2B | $4.1B |
| Q4 25 | $2.2B | $517.0M | ||
| Q3 25 | $2.3B | $213.8M | ||
| Q2 25 | $2.3B | $406.2M | ||
| Q1 25 | $1.9B | $48.1M | ||
| Q4 24 | $2.0B | $905.4M | ||
| Q3 24 | $2.3B | $-220.0M | ||
| Q2 24 | $2.0B | $353.1M | ||
| Q1 24 | $1.9B | $532.5M |
| Q4 25 | — | — | ||
| Q3 25 | 90.6% | — | ||
| Q2 25 | 90.4% | — | ||
| Q1 25 | 89.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 90.6% | — | ||
| Q2 24 | 90.3% | — | ||
| Q1 24 | 89.8% | — |
| Q4 25 | 45.0% | — | ||
| Q3 25 | 47.4% | — | ||
| Q2 25 | 47.2% | — | ||
| Q1 25 | 44.5% | — | ||
| Q4 24 | 44.9% | — | ||
| Q3 24 | 46.4% | — | ||
| Q2 24 | 45.0% | — | ||
| Q1 24 | 44.4% | — |
| Q4 25 | 30.9% | 11.3% | ||
| Q3 25 | 32.2% | 5.8% | ||
| Q2 25 | 32.9% | 11.1% | ||
| Q1 25 | 31.4% | 1.3% | ||
| Q4 24 | 31.6% | 19.1% | ||
| Q3 24 | 32.8% | -7.3% | ||
| Q2 24 | 31.2% | 8.2% | ||
| Q1 24 | 31.3% | 13.1% |
| Q4 25 | $3.03 | $2.30 | ||
| Q3 25 | $3.18 | $0.95 | ||
| Q2 25 | $3.14 | $1.79 | ||
| Q1 25 | $2.60 | $0.21 | ||
| Q4 24 | $2.80 | $3.92 | ||
| Q3 24 | $3.13 | $-0.95 | ||
| Q2 24 | $2.80 | $1.49 | ||
| Q1 24 | $2.66 | $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 | $774.0M | $4.4B |
| Total DebtLower is stronger | $40.0B | $3.9B |
| Stockholders' EquityBook value | $-1.8B | $11.9B |
| Total Assets | $59.5B | $341.4B |
| Debt / EquityLower = less leverage | — | 0.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $774.0M | $4.4B | ||
| Q3 25 | $2.4B | $5.1B | ||
| Q2 25 | $1.9B | $3.7B | ||
| Q1 25 | $1.2B | $3.9B | ||
| Q4 24 | $1.1B | $4.2B | ||
| Q3 24 | $1.2B | $6.2B | ||
| Q2 24 | $792.0M | $4.8B | ||
| Q1 24 | $838.0M | $4.2B |
| Q4 25 | $40.0B | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $38.4B | $4.0B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $-1.8B | $11.9B | ||
| Q3 25 | $-2.2B | $11.7B | ||
| Q2 25 | $-2.8B | $11.4B | ||
| Q1 25 | $-3.5B | $11.2B | ||
| Q4 24 | $-3.8B | $11.1B | ||
| Q3 24 | $-5.2B | $11.2B | ||
| Q2 24 | $-4.8B | $11.0B | ||
| Q1 24 | $-4.8B | $11.2B |
| Q4 25 | $59.5B | $341.4B | ||
| Q3 25 | $60.6B | $334.5B | ||
| Q2 25 | $59.6B | $323.1B | ||
| Q1 25 | $56.3B | $313.0B | ||
| Q4 24 | $55.2B | $313.7B | ||
| Q3 24 | $56.2B | $322.9B | ||
| Q2 24 | $53.8B | $308.8B | ||
| Q1 24 | $53.5B | $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 | $2.7B | $1.7B |
| Free Cash FlowOCF − Capex | $1.6B | — |
| FCF MarginFCF / Revenue | 23.4% | — |
| Capex IntensityCapex / Revenue | 15.1% | — |
| Cash ConversionOCF / Net Profit | 1.25× | 3.37× |
| TTM Free Cash FlowTrailing 4 quarters | $7.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7B | $1.7B | ||
| Q3 25 | $3.4B | $1.0B | ||
| Q2 25 | $2.0B | $811.9M | ||
| Q1 25 | $2.4B | $977.3M | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.7B | $1.1B | ||
| Q2 24 | $1.7B | $1.4B | ||
| Q1 24 | $2.4B | $584.2M |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.8B | — |
| Q4 25 | 23.4% | — | ||
| Q3 25 | 34.1% | — | ||
| Q2 25 | 18.3% | — | ||
| Q1 25 | 31.5% | — | ||
| Q4 24 | 28.6% | — | ||
| Q3 24 | 28.3% | — | ||
| Q2 24 | 16.3% | — | ||
| Q1 24 | 29.9% | — |
| Q4 25 | 15.1% | — | ||
| Q3 25 | 14.3% | — | ||
| Q2 25 | 10.9% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 12.6% | — | ||
| Q3 24 | 11.6% | — | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | 8.9% | — |
| Q4 25 | 1.25× | 3.37× | ||
| Q3 25 | 1.50× | 4.70× | ||
| Q2 25 | 0.89× | 2.00× | ||
| Q1 25 | 1.30× | 20.32× | ||
| Q4 24 | 1.30× | 1.61× | ||
| Q3 24 | 1.21× | — | ||
| Q2 24 | 0.84× | 4.05× | ||
| Q1 24 | 1.24× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MCD
| International Operated Markets | $3.6B | 51% |
| Other | $2.8B | 40% |
| International Developmental Licensed Marketsand Corporate | $633.0M | 9% |
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% |
