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

Insulet Corporation is the larger business by last-quarter revenue ($783.7M vs $750.8M, roughly 1.0× Principal Financial Group). Insulet Corporation runs the higher net margin — 13.0% vs 0.3%, a 12.7% gap on every dollar of revenue. On growth, Insulet Corporation posted the faster year-over-year revenue change (31.2% vs 4.0%). Over the past eight quarters, Insulet Corporation's revenue compounded faster (33.2% 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.

An insulin pump is a medical device used for the administration of insulin in the treatment of diabetes mellitus, also known as continuous subcutaneous insulin therapy . The device configuration may vary depending on design. A traditional pump includes:the pump a disposable reservoir for insulin a disposable infusion set, including a cannula for subcutaneous insertion and a tubing system to connect the insulin reservoir to the cannula.

PFG vs PODD — Head-to-Head

Bigger by revenue
PODD
PODD
1.0× larger
PODD
$783.7M
$750.8M
PFG
Growing faster (revenue YoY)
PODD
PODD
+27.2% gap
PODD
31.2%
4.0%
PFG
Higher net margin
PODD
PODD
12.7% more per $
PODD
13.0%
0.3%
PFG
Faster 2-yr revenue CAGR
PODD
PODD
Annualised
PODD
33.2%
-58.3%
PFG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PFG
PFG
PODD
PODD
Revenue
$750.8M
$783.7M
Net Profit
$1.9M
$101.6M
Gross Margin
72.6%
Operating Margin
18.7%
Net Margin
0.3%
13.0%
Revenue YoY
4.0%
31.2%
Net Profit YoY
783.0%
0.9%
EPS (diluted)
$1.42

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
PODD
PODD
Q1 26
$750.8M
Q4 25
$4.6B
$783.7M
Q3 25
$3.7B
$706.3M
Q2 25
$3.7B
$649.1M
Q1 25
$3.7B
$569.0M
Q4 24
$4.8B
$597.5M
Q3 24
$3.0B
$543.9M
Q2 24
$4.3B
$488.5M
Net Profit
PFG
PFG
PODD
PODD
Q1 26
$1.9M
Q4 25
$517.0M
$101.6M
Q3 25
$213.8M
$87.6M
Q2 25
$406.2M
$22.5M
Q1 25
$48.1M
$35.4M
Q4 24
$905.4M
$100.7M
Q3 24
$-220.0M
$77.5M
Q2 24
$353.1M
$188.6M
Gross Margin
PFG
PFG
PODD
PODD
Q1 26
Q4 25
72.6%
Q3 25
72.2%
Q2 25
69.7%
Q1 25
71.9%
Q4 24
72.1%
Q3 24
69.3%
Q2 24
67.7%
Operating Margin
PFG
PFG
PODD
PODD
Q1 26
Q4 25
18.7%
Q3 25
16.7%
Q2 25
18.7%
Q1 25
15.6%
Q4 24
18.3%
Q3 24
16.2%
Q2 24
11.2%
Net Margin
PFG
PFG
PODD
PODD
Q1 26
0.3%
Q4 25
11.3%
13.0%
Q3 25
5.8%
12.4%
Q2 25
11.1%
3.5%
Q1 25
1.3%
6.2%
Q4 24
19.1%
16.9%
Q3 24
-7.3%
14.2%
Q2 24
8.2%
38.6%
EPS (diluted)
PFG
PFG
PODD
PODD
Q1 26
Q4 25
$2.30
$1.42
Q3 25
$0.95
$1.24
Q2 25
$1.79
$0.32
Q1 25
$0.21
$0.50
Q4 24
$3.92
$1.38
Q3 24
$-0.95
$1.08
Q2 24
$1.49
$2.59

Balance Sheet & Financial Strength

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

Metric
PFG
PFG
PODD
PODD
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$930.8M
Stockholders' EquityBook value
$1.5B
Total Assets
$3.2B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PFG
PFG
PODD
PODD
Q1 26
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
PODD
PODD
Q1 26
Q4 25
$3.9B
$930.8M
Q3 25
$3.9B
$934.9M
Q2 25
$3.9B
$939.0M
Q1 25
$4.3B
$1.6B
Q4 24
$4.0B
$1.3B
Q3 24
$3.9B
$1.4B
Q2 24
$3.9B
$1.4B
Stockholders' Equity
PFG
PFG
PODD
PODD
Q1 26
Q4 25
$11.9B
$1.5B
Q3 25
$11.7B
$1.4B
Q2 25
$11.4B
$1.5B
Q1 25
$11.2B
$1.3B
Q4 24
$11.1B
$1.2B
Q3 24
$11.2B
$1.1B
Q2 24
$11.0B
$998.4M
Total Assets
PFG
PFG
PODD
PODD
Q1 26
Q4 25
$341.4B
$3.2B
Q3 25
$334.5B
$3.0B
Q2 25
$323.1B
$3.5B
Q1 25
$313.0B
$3.5B
Q4 24
$313.7B
$3.1B
Q3 24
$322.9B
$3.0B
Q2 24
$308.8B
$2.9B
Debt / Equity
PFG
PFG
PODD
PODD
Q1 26
Q4 25
0.33×
0.61×
Q3 25
0.34×
0.68×
Q2 25
0.34×
0.64×
Q1 25
0.39×
1.21×
Q4 24
0.36×
1.07×
Q3 24
0.35×
1.21×
Q2 24
0.36×
1.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PFG
PFG
PODD
PODD
Operating Cash FlowLast quarter
$183.3M
Free Cash FlowOCF − Capex
$48.2M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
17.2%
Cash ConversionOCF / Net Profit
1.80×
TTM Free Cash FlowTrailing 4 quarters
$377.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PFG
PFG
PODD
PODD
Q1 26
Q4 25
$1.7B
$183.3M
Q3 25
$1.0B
$125.7M
Q2 25
$811.9M
$196.5M
Q1 25
$977.3M
$63.8M
Q4 24
$1.5B
$147.7M
Q3 24
$1.1B
$98.5M
Q2 24
$1.4B
$96.5M
Free Cash Flow
PFG
PFG
PODD
PODD
Q1 26
Q4 25
$48.2M
Q3 25
$100.1M
Q2 25
$177.9M
Q1 25
$51.5M
Q4 24
$94.1M
Q3 24
$71.8M
Q2 24
$74.0M
FCF Margin
PFG
PFG
PODD
PODD
Q1 26
Q4 25
6.2%
Q3 25
14.2%
Q2 25
27.4%
Q1 25
9.1%
Q4 24
15.7%
Q3 24
13.2%
Q2 24
15.1%
Capex Intensity
PFG
PFG
PODD
PODD
Q1 26
Q4 25
17.2%
Q3 25
3.6%
Q2 25
2.9%
Q1 25
2.2%
Q4 24
9.0%
Q3 24
4.9%
Q2 24
4.6%
Cash Conversion
PFG
PFG
PODD
PODD
Q1 26
Q4 25
3.37×
1.80×
Q3 25
4.70×
1.43×
Q2 25
2.00×
8.73×
Q1 25
20.32×
1.80×
Q4 24
1.61×
1.47×
Q3 24
1.27×
Q2 24
4.05×
0.51×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PFG
PFG

Segment breakdown not available.

PODD
PODD

U.S.Omnipod$567.8M72%
International Omnipod$214.0M27%
Drug Delivery$1.9M0%

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