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Side-by-side financial comparison of Principal Financial Group (PFG) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
Primerica, Inc. is the larger business by last-quarter revenue ($853.7M vs $750.8M, roughly 1.1× Principal Financial Group). Primerica, Inc. runs the higher net margin — 23.1% vs 0.3%, a 22.8% gap on every dollar of revenue. On growth, Primerica, Inc. posted the faster year-over-year revenue change (11.0% vs 4.0%). Over the past eight quarters, Primerica, Inc.'s revenue compounded faster (7.2% CAGR vs -58.3%).
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.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
PFG vs PRI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $750.8M | $853.7M |
| Net Profit | $1.9M | $197.0M |
| Gross Margin | — | — |
| Operating Margin | — | 28.9% |
| Net Margin | 0.3% | 23.1% |
| Revenue YoY | 4.0% | 11.0% |
| Net Profit YoY | 783.0% | 17.9% |
| EPS (diluted) | — | $6.11 |
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.
| Q1 26 | $750.8M | — | ||
| Q4 25 | $4.6B | $853.7M | ||
| Q3 25 | $3.7B | $839.9M | ||
| Q2 25 | $3.7B | $793.3M | ||
| Q1 25 | $3.7B | $804.8M | ||
| Q4 24 | $4.8B | $768.8M | ||
| Q3 24 | $3.0B | $774.1M | ||
| Q2 24 | $4.3B | $803.4M |
| Q1 26 | $1.9M | — | ||
| Q4 25 | $517.0M | $197.0M | ||
| Q3 25 | $213.8M | $206.8M | ||
| Q2 25 | $406.2M | $178.3M | ||
| Q1 25 | $48.1M | $169.1M | ||
| Q4 24 | $905.4M | $167.1M | ||
| Q3 24 | $-220.0M | $164.4M | ||
| Q2 24 | $353.1M | $1.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 29.6% | ||
| Q1 25 | — | 27.5% | ||
| Q4 24 | — | 64.7% | ||
| Q3 24 | — | 32.9% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | 0.3% | — | ||
| Q4 25 | 11.3% | 23.1% | ||
| Q3 25 | 5.8% | 24.6% | ||
| Q2 25 | 11.1% | 22.5% | ||
| Q1 25 | 1.3% | 21.0% | ||
| Q4 24 | 19.1% | 21.7% | ||
| Q3 24 | -7.3% | 21.2% | ||
| Q2 24 | 8.2% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | $2.30 | $6.11 | ||
| Q3 25 | $0.95 | $6.35 | ||
| Q2 25 | $1.79 | $5.40 | ||
| Q1 25 | $0.21 | $5.05 | ||
| Q4 24 | $3.92 | $4.92 | ||
| Q3 24 | $-0.95 | $4.83 | ||
| Q2 24 | $1.49 | $0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $756.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.4B |
| Total Assets | — | $15.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $756.2M | ||
| Q3 25 | $5.1B | $644.9M | ||
| Q2 25 | $3.7B | $621.2M | ||
| Q1 25 | $3.9B | $625.1M | ||
| Q4 24 | $4.2B | $687.8M | ||
| Q3 24 | $6.2B | $550.1M | ||
| Q2 24 | $4.8B | $627.3M |
| 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 | — |
| Q1 26 | — | — | ||
| Q4 25 | $11.9B | $2.4B | ||
| Q3 25 | $11.7B | $2.3B | ||
| Q2 25 | $11.4B | $2.3B | ||
| Q1 25 | $11.2B | $2.3B | ||
| Q4 24 | $11.1B | $2.3B | ||
| Q3 24 | $11.2B | $1.9B | ||
| Q2 24 | $11.0B | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | $341.4B | $15.0B | ||
| Q3 25 | $334.5B | $14.8B | ||
| Q2 25 | $323.1B | $14.8B | ||
| Q1 25 | $313.0B | $14.6B | ||
| Q4 24 | $313.7B | $14.6B | ||
| Q3 24 | $322.9B | $14.8B | ||
| Q2 24 | $308.8B | $14.6B |
| 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× | — |
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 | — | $338.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $338.2M | ||
| Q3 25 | $1.0B | $202.9M | ||
| Q2 25 | $811.9M | $162.6M | ||
| Q1 25 | $977.3M | $197.5M | ||
| Q4 24 | $1.5B | $270.6M | ||
| Q3 24 | $1.1B | $207.3M | ||
| Q2 24 | $1.4B | $173.3M |
| Q1 26 | — | — | ||
| Q4 25 | 3.37× | 1.72× | ||
| Q3 25 | 4.70× | 0.98× | ||
| Q2 25 | 2.00× | 0.91× | ||
| Q1 25 | 20.32× | 1.17× | ||
| Q4 24 | 1.61× | 1.62× | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | 4.05× | 147.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PFG
Segment breakdown not available.
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
