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Side-by-side financial comparison of Principal Financial Group (PFG) and SM Energy Co (SM). Click either name above to swap in a different company.
Principal Financial Group is the larger business by last-quarter revenue ($750.8M vs $704.9M, roughly 1.1× SM Energy Co). On growth, Principal Financial Group posted the faster year-over-year revenue change (4.0% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
PFG vs SM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $750.8M | $704.9M |
| Net Profit | $1.9M | — |
| Gross Margin | — | — |
| Operating Margin | — | 25.9% |
| Net Margin | 0.3% | — |
| Revenue YoY | 4.0% | -17.3% |
| Net Profit YoY | 783.0% | — |
| EPS (diluted) | — | $0.94 |
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 | $704.9M | ||
| Q3 25 | $3.7B | $811.6M | ||
| Q2 25 | $3.7B | $792.9M | ||
| Q1 25 | $3.7B | $844.5M | ||
| Q4 24 | $4.8B | $852.0M | ||
| Q3 24 | $3.0B | $643.6M | ||
| Q2 24 | $4.3B | $634.6M |
| Q1 26 | $1.9M | — | ||
| Q4 25 | $517.0M | — | ||
| Q3 25 | $213.8M | $155.1M | ||
| Q2 25 | $406.2M | $201.7M | ||
| Q1 25 | $48.1M | $182.3M | ||
| Q4 24 | $905.4M | — | ||
| Q3 24 | $-220.0M | $240.5M | ||
| Q2 24 | $353.1M | $210.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 33.7% | ||
| Q3 24 | — | 51.4% | ||
| Q2 24 | — | 44.0% |
| Q1 26 | 0.3% | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 5.8% | 19.1% | ||
| Q2 25 | 11.1% | 25.4% | ||
| Q1 25 | 1.3% | 21.6% | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | -7.3% | 37.4% | ||
| Q2 24 | 8.2% | 33.1% |
| Q1 26 | — | — | ||
| Q4 25 | $2.30 | $0.94 | ||
| Q3 25 | $0.95 | $1.35 | ||
| Q2 25 | $1.79 | $1.76 | ||
| Q1 25 | $0.21 | $1.59 | ||
| Q4 24 | $3.92 | $1.63 | ||
| Q3 24 | $-0.95 | $2.09 | ||
| Q2 24 | $1.49 | $1.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $4.8B |
| Total Assets | — | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $368.0M | ||
| Q3 25 | $5.1B | $162.3M | ||
| Q2 25 | $3.7B | $101.9M | ||
| Q1 25 | $3.9B | $54.0K | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $6.2B | $1.7B | ||
| Q2 24 | $4.8B | $487.9M |
| 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 | $4.8B | ||
| Q3 25 | $11.7B | $4.7B | ||
| Q2 25 | $11.4B | $4.6B | ||
| Q1 25 | $11.2B | $4.4B | ||
| Q4 24 | $11.1B | $4.2B | ||
| Q3 24 | $11.2B | $4.1B | ||
| Q2 24 | $11.0B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | $341.4B | $9.3B | ||
| Q3 25 | $334.5B | $9.1B | ||
| Q2 25 | $323.1B | $9.0B | ||
| Q1 25 | $313.0B | $8.8B | ||
| Q4 24 | $313.7B | $8.6B | ||
| Q3 24 | $322.9B | $8.0B | ||
| Q2 24 | $308.8B | $6.7B |
| 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 | — | $451.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $451.9M | ||
| Q3 25 | $1.0B | $505.0M | ||
| Q2 25 | $811.9M | $571.1M | ||
| Q1 25 | $977.3M | $483.0M | ||
| Q4 24 | $1.5B | $578.4M | ||
| Q3 24 | $1.1B | $452.3M | ||
| Q2 24 | $1.4B | $476.4M |
| Q1 26 | — | — | ||
| Q4 25 | 3.37× | — | ||
| Q3 25 | 4.70× | 3.26× | ||
| Q2 25 | 2.00× | 2.83× | ||
| Q1 25 | 20.32× | 2.65× | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | 4.05× | 2.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
