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Side-by-side financial comparison of Principal Financial Group (PFG) and REV Group, Inc. (REVG). Click either name above to swap in a different company.

Principal Financial Group is the larger business by last-quarter revenue ($750.8M vs $664.4M, roughly 1.1× REV Group, Inc.). REV Group, Inc. runs the higher net margin — 4.3% vs 0.3%, a 4.1% gap on every dollar of revenue. On growth, REV Group, Inc. posted the faster year-over-year revenue change (11.1% vs 4.0%). Over the past eight quarters, REV Group, Inc.'s revenue compounded faster (6.5% 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.

Rev is an American speech-to-text company that provides closed captioning, subtitles, and transcription services. The company, based in San Francisco and Austin, was founded in 2010. PC Magazine named the service an "Editor's Choice" in 2018, and ranked it as the best transcription service of 2019.

PFG vs REVG — Head-to-Head

Bigger by revenue
PFG
PFG
1.1× larger
PFG
$750.8M
$664.4M
REVG
Growing faster (revenue YoY)
REVG
REVG
+7.1% gap
REVG
11.1%
4.0%
PFG
Higher net margin
REVG
REVG
4.1% more per $
REVG
4.3%
0.3%
PFG
Faster 2-yr revenue CAGR
REVG
REVG
Annualised
REVG
6.5%
-58.3%
PFG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PFG
PFG
REVG
REVG
Revenue
$750.8M
$664.4M
Net Profit
$1.9M
$28.9M
Gross Margin
15.4%
Operating Margin
7.1%
Net Margin
0.3%
4.3%
Revenue YoY
4.0%
11.1%
Net Profit YoY
783.0%
-30.7%
EPS (diluted)
$0.57

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
REVG
REVG
Q1 26
$750.8M
Q4 25
$4.6B
$664.4M
Q3 25
$3.7B
$644.9M
Q2 25
$3.7B
$629.1M
Q1 25
$3.7B
$525.1M
Q4 24
$4.8B
$597.9M
Q3 24
$3.0B
$579.4M
Q2 24
$4.3B
$616.9M
Net Profit
PFG
PFG
REVG
REVG
Q1 26
$1.9M
Q4 25
$517.0M
$28.9M
Q3 25
$213.8M
$29.1M
Q2 25
$406.2M
$19.0M
Q1 25
$48.1M
$18.2M
Q4 24
$905.4M
$41.7M
Q3 24
$-220.0M
$18.0M
Q2 24
$353.1M
$15.2M
Gross Margin
PFG
PFG
REVG
REVG
Q1 26
Q4 25
15.4%
Q3 25
15.8%
Q2 25
15.2%
Q1 25
13.3%
Q4 24
13.2%
Q3 24
13.5%
Q2 24
12.5%
Operating Margin
PFG
PFG
REVG
REVG
Q1 26
Q4 25
7.1%
Q3 25
8.8%
Q2 25
7.9%
Q1 25
5.3%
Q4 24
5.8%
Q3 24
4.9%
Q2 24
3.7%
Net Margin
PFG
PFG
REVG
REVG
Q1 26
0.3%
Q4 25
11.3%
4.3%
Q3 25
5.8%
4.5%
Q2 25
11.1%
3.0%
Q1 25
1.3%
3.5%
Q4 24
19.1%
7.0%
Q3 24
-7.3%
3.1%
Q2 24
8.2%
2.5%
EPS (diluted)
PFG
PFG
REVG
REVG
Q1 26
Q4 25
$2.30
$0.57
Q3 25
$0.95
$0.59
Q2 25
$1.79
$0.38
Q1 25
$0.21
$0.35
Q4 24
$3.92
$1.03
Q3 24
$-0.95
$0.35
Q2 24
$1.49
$0.28

Balance Sheet & Financial Strength

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

Metric
PFG
PFG
REVG
REVG
Cash + ST InvestmentsLiquidity on hand
$34.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$416.3M
Total Assets
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PFG
PFG
REVG
REVG
Q1 26
Q4 25
$4.4B
$34.7M
Q3 25
$5.1B
$36.0M
Q2 25
$3.7B
$28.8M
Q1 25
$3.9B
$31.6M
Q4 24
$4.2B
$24.6M
Q3 24
$6.2B
$50.5M
Q2 24
$4.8B
$38.2M
Total Debt
PFG
PFG
REVG
REVG
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
REVG
REVG
Q1 26
Q4 25
$11.9B
$416.3M
Q3 25
$11.7B
$387.3M
Q2 25
$11.4B
$357.8M
Q1 25
$11.2B
$428.8M
Q4 24
$11.1B
$435.1M
Q3 24
$11.2B
$394.6M
Q2 24
$11.0B
$379.7M
Total Assets
PFG
PFG
REVG
REVG
Q1 26
Q4 25
$341.4B
$1.2B
Q3 25
$334.5B
$1.2B
Q2 25
$323.1B
$1.2B
Q1 25
$313.0B
$1.2B
Q4 24
$313.7B
$1.2B
Q3 24
$322.9B
$1.3B
Q2 24
$308.8B
$1.3B
Debt / Equity
PFG
PFG
REVG
REVG
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
PFG
PFG
REVG
REVG
Operating Cash FlowLast quarter
$76.9M
Free Cash FlowOCF − Capex
$53.7M
FCF MarginFCF / Revenue
8.1%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
2.66×
TTM Free Cash FlowTrailing 4 quarters
$190.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PFG
PFG
REVG
REVG
Q1 26
Q4 25
$1.7B
$76.9M
Q3 25
$1.0B
$60.3M
Q2 25
$811.9M
$117.0M
Q1 25
$977.3M
$-13.1M
Q4 24
$1.5B
$68.6M
Q3 24
$1.1B
$14.4M
Q2 24
$1.4B
$40.1M
Free Cash Flow
PFG
PFG
REVG
REVG
Q1 26
Q4 25
$53.7M
Q3 25
$48.7M
Q2 25
$105.6M
Q1 25
$-18.0M
Q4 24
$63.3M
Q3 24
$8.5M
Q2 24
$34.2M
FCF Margin
PFG
PFG
REVG
REVG
Q1 26
Q4 25
8.1%
Q3 25
7.6%
Q2 25
16.8%
Q1 25
-3.4%
Q4 24
10.6%
Q3 24
1.5%
Q2 24
5.5%
Capex Intensity
PFG
PFG
REVG
REVG
Q1 26
Q4 25
3.5%
Q3 25
1.8%
Q2 25
1.8%
Q1 25
0.9%
Q4 24
0.9%
Q3 24
1.0%
Q2 24
1.0%
Cash Conversion
PFG
PFG
REVG
REVG
Q1 26
Q4 25
3.37×
2.66×
Q3 25
4.70×
2.07×
Q2 25
2.00×
6.16×
Q1 25
20.32×
-0.72×
Q4 24
1.61×
1.65×
Q3 24
0.80×
Q2 24
4.05×
2.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PFG
PFG

Segment breakdown not available.

REVG
REVG

Specialty Vehicles$507.4M76%
Recreational Vehicles$157.2M24%

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