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Side-by-side financial comparison of Principal Financial Group (PFG) and Sea Ltd (SE). Click either name above to swap in a different company.
Sea Ltd is the larger business by last-quarter revenue ($22.9B vs $4.6B, roughly 5.0× Principal Financial Group). Principal Financial Group runs the higher net margin — 11.3% vs 7.0%, a 4.3% gap on every dollar of revenue. On growth, Sea Ltd posted the faster year-over-year revenue change (363.4% vs -3.7%). Over the past eight quarters, Sea Ltd's revenue compounded faster (147.8% CAGR vs 6.3%).
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.
Sea Limited is a tech conglomerate headquartered in Singapore. It is listed on the New York Stock Exchange, with revenue of US$16.8 billion (2024). Sea currently functions as a holding company for Garena, Monee and Shopee, the largest e-commerce platform in Southeast Asia.
PFG vs SE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.6B | $22.9B |
| Net Profit | $517.0M | $1.6B |
| Gross Margin | — | 44.7% |
| Operating Margin | — | 8.7% |
| Net Margin | 11.3% | 7.0% |
| Revenue YoY | -3.7% | 363.4% |
| Net Profit YoY | -42.9% | — |
| EPS (diluted) | $2.30 | $2.52 |
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.
| Q4 25 | $4.6B | $22.9B | ||
| Q3 25 | $3.7B | $6.0B | ||
| Q2 25 | $3.7B | $5.3B | ||
| Q1 25 | $3.7B | $4.8B | ||
| Q4 24 | $4.8B | $5.0B | ||
| Q3 24 | $3.0B | $4.3B | ||
| Q2 24 | $4.3B | $3.8B | ||
| Q1 24 | $4.1B | $3.7B |
| Q4 25 | $517.0M | $1.6B | ||
| Q3 25 | $213.8M | $375.0M | ||
| Q2 25 | $406.2M | $414.2M | ||
| Q1 25 | $48.1M | $-7.8M | ||
| Q4 24 | $905.4M | — | ||
| Q3 24 | $-220.0M | — | ||
| Q2 24 | $353.1M | — | ||
| Q1 24 | $532.5M | $-23.0M |
| Q4 25 | — | 44.7% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 46.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 41.6% |
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | 8.0% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 9.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.9% |
| Q4 25 | 11.3% | 7.0% | ||
| Q3 25 | 5.8% | 6.3% | ||
| Q2 25 | 11.1% | 7.9% | ||
| Q1 25 | 1.3% | -0.2% | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | -7.3% | — | ||
| Q2 24 | 8.2% | — | ||
| Q1 24 | 13.1% | -0.6% |
| Q4 25 | $2.30 | $2.52 | ||
| Q3 25 | $0.95 | $0.59 | ||
| Q2 25 | $1.79 | $0.65 | ||
| Q1 25 | $0.21 | $0.65 | ||
| Q4 24 | $3.92 | — | ||
| Q3 24 | $-0.95 | — | ||
| Q2 24 | $1.49 | — | ||
| Q1 24 | $2.22 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.4B | $10.6B |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $11.9B | $12.6B |
| Total Assets | $341.4B | $29.4B |
| Debt / EquityLower = less leverage | 0.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4B | $10.6B | ||
| Q3 25 | $5.1B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $4.2B | $8.6B | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $4.8B | — | ||
| Q1 24 | $4.2B | — |
| 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 24 | $3.9B | — |
| Q4 25 | $11.9B | $12.6B | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $11.4B | — | ||
| Q1 25 | $11.2B | — | ||
| Q4 24 | $11.1B | $8.4B | ||
| Q3 24 | $11.2B | — | ||
| Q2 24 | $11.0B | — | ||
| Q1 24 | $11.2B | — |
| Q4 25 | $341.4B | $29.4B | ||
| Q3 25 | $334.5B | — | ||
| Q2 25 | $323.1B | — | ||
| Q1 25 | $313.0B | — | ||
| Q4 24 | $313.7B | $22.6B | ||
| Q3 24 | $322.9B | — | ||
| Q2 24 | $308.8B | — | ||
| Q1 24 | $308.7B | — |
| 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× | — | ||
| Q1 24 | 0.35× | — |
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 | $1.7B | $5.0B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.37× | 3.12× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $5.0B | ||
| Q3 25 | $1.0B | $3.5B | ||
| Q2 25 | $811.9M | $2.4B | ||
| Q1 25 | $977.3M | $756.9M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $584.2M | $468.5M |
| Q4 25 | 3.37× | 3.12× | ||
| Q3 25 | 4.70× | 9.46× | ||
| Q2 25 | 2.00× | 5.73× | ||
| Q1 25 | 20.32× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.05× | — | ||
| Q1 24 | 1.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PFG
| Segment Retirement And Income Solutions | $1.6B | 36% |
| Segment Benefits And Protection | $1.1B | 23% |
| Other | $582.8M | 13% |
| Segment Principal Asset Management | $465.6M | 10% |
| Subsegment Investment Management | $449.4M | 10% |
| Administrative Service | $152.2M | 3% |
| Subsegment International Pension | $91.2M | 2% |
| Segment Corporate | $73.0M | 2% |
| Subsegment Life Insurance | $26.1M | 1% |
| Financial Service Other | $25.1M | 1% |
| Residential Mortgage | $7.4M | 0% |
| Subsegment Specialty Benefits | $3.7M | 0% |
| Deposit Account | $3.4M | 0% |
| Commission Income | $1.8M | 0% |
SE
Segment breakdown not available.
