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Side-by-side financial comparison of Principal Financial Group (PFG) and PLEXUS CORP (PLXS). Click either name above to swap in a different company.

PLEXUS CORP is the larger business by last-quarter revenue ($1.2B vs $750.8M, roughly 1.6× Principal Financial Group). PLEXUS CORP runs the higher net margin — 4.3% vs 0.3%, a 4.0% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs 4.0%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.2% CAGR vs -58.3%).

Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.

Plex Systems, Inc. is an American software company based in Troy, Michigan. The company develops and markets the Plex Manufacturing Cloud, a software as a service (SaaS) or cloud computing ERP for manufacturing.

PFG vs PLXS — Head-to-Head

Bigger by revenue
PLXS
PLXS
1.6× larger
PLXS
$1.2B
$750.8M
PFG
Growing faster (revenue YoY)
PLXS
PLXS
+14.7% gap
PLXS
18.7%
4.0%
PFG
Higher net margin
PLXS
PLXS
4.0% more per $
PLXS
4.3%
0.3%
PFG
Faster 2-yr revenue CAGR
PLXS
PLXS
Annualised
PLXS
7.2%
-58.3%
PFG

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
PFG
PFG
PLXS
PLXS
Revenue
$750.8M
$1.2B
Net Profit
$1.9M
$49.8M
Gross Margin
10.2%
Operating Margin
5.3%
Net Margin
0.3%
4.3%
Revenue YoY
4.0%
18.7%
Net Profit YoY
783.0%
27.5%
EPS (diluted)
$1.82

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.

Revenue
PFG
PFG
PLXS
PLXS
Q1 26
$750.8M
$1.1B
Q4 25
$4.6B
Q3 25
$3.7B
Q2 25
$3.7B
Q1 25
$3.7B
Q4 24
$4.8B
Q3 24
$3.0B
Q2 24
$4.3B
Net Profit
PFG
PFG
PLXS
PLXS
Q1 26
$1.9M
$41.2M
Q4 25
$517.0M
Q3 25
$213.8M
Q2 25
$406.2M
Q1 25
$48.1M
Q4 24
$905.4M
Q3 24
$-220.0M
Q2 24
$353.1M
Gross Margin
PFG
PFG
PLXS
PLXS
Q1 26
9.9%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
PFG
PFG
PLXS
PLXS
Q1 26
5.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Net Margin
PFG
PFG
PLXS
PLXS
Q1 26
0.3%
3.8%
Q4 25
11.3%
Q3 25
5.8%
Q2 25
11.1%
Q1 25
1.3%
Q4 24
19.1%
Q3 24
-7.3%
Q2 24
8.2%
EPS (diluted)
PFG
PFG
PLXS
PLXS
Q1 26
$1.51
Q4 25
$2.30
Q3 25
$0.95
Q2 25
$1.79
Q1 25
$0.21
Q4 24
$3.92
Q3 24
$-0.95
Q2 24
$1.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PFG
PFG
PLXS
PLXS
Cash + ST InvestmentsLiquidity on hand
$303.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
Total Assets
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PFG
PFG
PLXS
PLXS
Q1 26
$248.8M
Q4 25
$4.4B
Q3 25
$5.1B
Q2 25
$3.7B
Q1 25
$3.9B
Q4 24
$4.2B
Q3 24
$6.2B
Q2 24
$4.8B
Total Debt
PFG
PFG
PLXS
PLXS
Q1 26
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
Stockholders' Equity
PFG
PFG
PLXS
PLXS
Q1 26
$1.5B
Q4 25
$11.9B
Q3 25
$11.7B
Q2 25
$11.4B
Q1 25
$11.2B
Q4 24
$11.1B
Q3 24
$11.2B
Q2 24
$11.0B
Total Assets
PFG
PFG
PLXS
PLXS
Q1 26
$3.2B
Q4 25
$341.4B
Q3 25
$334.5B
Q2 25
$323.1B
Q1 25
$313.0B
Q4 24
$313.7B
Q3 24
$322.9B
Q2 24
$308.8B
Debt / Equity
PFG
PFG
PLXS
PLXS
Q1 26
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×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PFG
PFG

Segment breakdown not available.

PLXS
PLXS

Asia-Pacific$652.0M56%
Americas$397.0M34%
Europe, Middle East and Africa$116.0M10%

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