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Side-by-side financial comparison of Principal Financial Group (PFG) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.
Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $750.8M, roughly 1.7× Principal Financial Group). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 0.3%, a 16.3% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs 4.0%).
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.
PFG vs Q — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $750.8M | $1.3B |
| Net Profit | $1.9M | $211.0M |
| Gross Margin | — | 45.1% |
| Operating Margin | — | 21.3% |
| Net Margin | 0.3% | 16.5% |
| Revenue YoY | 4.0% | 11.1% |
| Net Profit YoY | 783.0% | 6.0% |
| EPS (diluted) | — | $1.01 |
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 | — | ||
| Q3 25 | $3.7B | $1.3B | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.7B | — | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $3.0B | $1.1B | ||
| Q2 24 | $4.3B | — |
| Q1 26 | $1.9M | — | ||
| Q4 25 | $517.0M | — | ||
| Q3 25 | $213.8M | $211.0M | ||
| Q2 25 | $406.2M | — | ||
| Q1 25 | $48.1M | — | ||
| Q4 24 | $905.4M | — | ||
| Q3 24 | $-220.0M | $199.0M | ||
| Q2 24 | $353.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 45.1% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 47.0% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | — |
| Q1 26 | 0.3% | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 5.8% | 16.5% | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | -7.3% | 17.3% | ||
| Q2 24 | 8.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.30 | — | ||
| Q3 25 | $0.95 | $1.01 | ||
| Q2 25 | $1.79 | — | ||
| Q1 25 | $0.21 | — | ||
| Q4 24 | $3.92 | — | ||
| Q3 24 | $-0.95 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $128.0M |
| Total DebtLower is stronger | — | $1.7B |
| Stockholders' EquityBook value | — | $9.1B |
| Total Assets | — | $12.5B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | — | ||
| Q3 25 | $5.1B | $128.0M | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $4.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | $1.7B | ||
| 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 | — | ||
| Q3 25 | $11.7B | $9.1B | ||
| Q2 25 | $11.4B | — | ||
| Q1 25 | $11.2B | — | ||
| Q4 24 | $11.1B | — | ||
| Q3 24 | $11.2B | $11.1B | ||
| Q2 24 | $11.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $341.4B | — | ||
| Q3 25 | $334.5B | $12.5B | ||
| Q2 25 | $323.1B | — | ||
| Q1 25 | $313.0B | — | ||
| Q4 24 | $313.7B | — | ||
| Q3 24 | $322.9B | — | ||
| Q2 24 | $308.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.34× | 0.19× | ||
| 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 | — | $782.0M |
| Free Cash FlowOCF − Capex | — | $568.0M |
| FCF MarginFCF / Revenue | — | 44.5% |
| Capex IntensityCapex / Revenue | — | 16.8% |
| Cash ConversionOCF / Net Profit | — | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.0B | $782.0M | ||
| Q2 25 | $811.9M | — | ||
| Q1 25 | $977.3M | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $568.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 44.5% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 16.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.37× | — | ||
| Q3 25 | 4.70× | 3.71× | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 20.32× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.05× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PFG
Segment breakdown not available.
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
