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Side-by-side financial comparison of Principal Financial Group (PFG) and TE Connectivity (TEL). Click either name above to swap in a different company.
TE Connectivity is the larger business by last-quarter revenue ($4.7B vs $4.6B, roughly 1.0× Principal Financial Group). TE Connectivity runs the higher net margin — 18.0% vs 11.3%, a 6.7% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (14.5% vs -3.7%). Over the past eight quarters, TE Connectivity's revenue compounded faster (9.2% 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.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
PFG vs TEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.6B | $4.7B |
| Net Profit | $517.0M | $855.0M |
| Gross Margin | — | 36.8% |
| Operating Margin | — | 20.1% |
| Net Margin | 11.3% | 18.0% |
| Revenue YoY | -3.7% | 14.5% |
| Net Profit YoY | -42.9% | 58.0% |
| EPS (diluted) | $2.30 | $2.90 |
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 | — | $4.7B | ||
| Q4 25 | $4.6B | $4.7B | ||
| Q3 25 | $3.7B | $4.7B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.7B | $4.1B | ||
| Q4 24 | $4.8B | $3.8B | ||
| Q3 24 | $3.0B | $4.1B | ||
| Q2 24 | $4.3B | $4.0B |
| Q1 26 | — | $855.0M | ||
| Q4 25 | $517.0M | $750.0M | ||
| Q3 25 | $213.8M | $663.0M | ||
| Q2 25 | $406.2M | $638.0M | ||
| Q1 25 | $48.1M | $13.0M | ||
| Q4 24 | $905.4M | $528.0M | ||
| Q3 24 | $-220.0M | $276.0M | ||
| Q2 24 | $353.1M | $573.0M |
| Q1 26 | — | 36.8% | ||
| Q4 25 | — | 37.2% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | — | 35.3% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | 34.8% |
| Q1 26 | — | 20.1% | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | 18.9% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 18.0% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | — | 19.0% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | 11.3% | 16.1% | ||
| Q3 25 | 5.8% | 14.0% | ||
| Q2 25 | 11.1% | 14.1% | ||
| Q1 25 | 1.3% | 0.3% | ||
| Q4 24 | 19.1% | 13.8% | ||
| Q3 24 | -7.3% | 6.8% | ||
| Q2 24 | 8.2% | 14.4% |
| Q1 26 | — | $2.90 | ||
| Q4 25 | $2.30 | $2.53 | ||
| Q3 25 | $0.95 | $2.23 | ||
| Q2 25 | $1.79 | $2.14 | ||
| Q1 25 | $0.21 | $0.04 | ||
| Q4 24 | $3.92 | $1.75 | ||
| Q3 24 | $-0.95 | $0.96 | ||
| Q2 24 | $1.49 | $1.86 |
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 | $1.1B |
| Total DebtLower is stronger | $3.9B | $5.7B |
| Stockholders' EquityBook value | $11.9B | $13.2B |
| Total Assets | $341.4B | $25.7B |
| Debt / EquityLower = less leverage | 0.33× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.1B | ||
| Q4 25 | $4.4B | $1.3B | ||
| Q3 25 | $5.1B | $1.3B | ||
| Q2 25 | $3.7B | $672.0M | ||
| Q1 25 | $3.9B | $2.6B | ||
| Q4 24 | $4.2B | $1.3B | ||
| Q3 24 | $6.2B | $1.3B | ||
| Q2 24 | $4.8B | $1.5B |
| Q1 26 | — | $5.7B | ||
| 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 | — | $13.2B | ||
| Q4 25 | $11.9B | $13.0B | ||
| Q3 25 | $11.7B | $12.6B | ||
| Q2 25 | $11.4B | $12.4B | ||
| Q1 25 | $11.2B | $12.1B | ||
| Q4 24 | $11.1B | $12.4B | ||
| Q3 24 | $11.2B | $12.4B | ||
| Q2 24 | $11.0B | $12.6B |
| Q1 26 | — | $25.7B | ||
| Q4 25 | $341.4B | $25.6B | ||
| Q3 25 | $334.5B | $25.1B | ||
| Q2 25 | $323.1B | $24.9B | ||
| Q1 25 | $313.0B | $23.7B | ||
| Q4 24 | $313.7B | $22.4B | ||
| Q3 24 | $322.9B | $22.9B | ||
| Q2 24 | $308.8B | $22.9B |
| Q1 26 | — | 0.43× | ||
| 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 | $1.7B | $947.0M |
| Free Cash FlowOCF − Capex | — | $680.0M |
| FCF MarginFCF / Revenue | — | 14.3% |
| Capex IntensityCapex / Revenue | — | 5.7% |
| Cash ConversionOCF / Net Profit | 3.37× | 1.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $947.0M | ||
| Q4 25 | $1.7B | $865.0M | ||
| Q3 25 | $1.0B | $1.4B | ||
| Q2 25 | $811.9M | $1.2B | ||
| Q1 25 | $977.3M | $653.0M | ||
| Q4 24 | $1.5B | $878.0M | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.4B | $1.0B |
| Q1 26 | — | $680.0M | ||
| Q4 25 | — | $607.0M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $957.0M | ||
| Q1 25 | — | $423.0M | ||
| Q4 24 | — | $673.0M | ||
| Q3 24 | — | $829.0M | ||
| Q2 24 | — | $857.0M |
| Q1 26 | — | 14.3% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | 20.4% | ||
| Q2 24 | — | 21.5% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 5.7% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 3.7% |
| Q1 26 | — | 1.11× | ||
| Q4 25 | 3.37× | 1.15× | ||
| Q3 25 | 4.70× | 2.14× | ||
| Q2 25 | 2.00× | 1.86× | ||
| Q1 25 | 20.32× | 50.23× | ||
| Q4 24 | 1.61× | 1.66× | ||
| Q3 24 | — | 3.78× | ||
| Q2 24 | 4.05× | 1.76× |
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% |
TEL
Segment breakdown not available.
