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Side-by-side financial comparison of Principal Financial Group (PFG) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
Principal Financial Group is the larger business by last-quarter revenue ($750.8M vs $508.3M, roughly 1.5× TIC Solutions, Inc.). Principal Financial Group runs the higher net margin — 0.3% vs -9.3%, a 9.5% gap on every dollar of revenue.
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 TIC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $750.8M | $508.3M |
| Net Profit | $1.9M | $-47.2M |
| Gross Margin | — | 35.2% |
| Operating Margin | — | -3.8% |
| Net Margin | 0.3% | -9.3% |
| Revenue YoY | 4.0% | — |
| Net Profit YoY | 783.0% | — |
| EPS (diluted) | — | — |
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 | $508.3M | ||
| Q3 25 | $3.7B | $473.9M | ||
| Q2 25 | $3.7B | $313.9M | ||
| Q1 25 | $3.7B | $234.2M | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $4.3B | — |
| Q1 26 | $1.9M | — | ||
| Q4 25 | $517.0M | $-47.2M | ||
| Q3 25 | $213.8M | $-13.9M | ||
| Q2 25 | $406.2M | $-233.0K | ||
| Q1 25 | $48.1M | $-25.8M | ||
| Q4 24 | $905.4M | — | ||
| Q3 24 | $-220.0M | — | ||
| Q2 24 | $353.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | -3.8% | ||
| Q3 25 | — | -1.4% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | -4.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 0.3% | — | ||
| Q4 25 | 11.3% | -9.3% | ||
| Q3 25 | 5.8% | -2.9% | ||
| Q2 25 | 11.1% | -0.1% | ||
| Q1 25 | 1.3% | -11.0% | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | -7.3% | — | ||
| Q2 24 | 8.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.30 | — | ||
| Q3 25 | $0.95 | $-0.08 | ||
| Q2 25 | $1.79 | — | ||
| Q1 25 | $0.21 | — | ||
| Q4 24 | $3.92 | — | ||
| Q3 24 | $-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 | — | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | — | $2.2B |
| Total Assets | — | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $439.5M | ||
| Q3 25 | $5.1B | $164.4M | ||
| Q2 25 | $3.7B | $130.1M | ||
| Q1 25 | $3.9B | $155.7M | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $6.2B | — | ||
| Q2 24 | $4.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | $1.6B | ||
| Q3 25 | $3.9B | $1.6B | ||
| Q2 25 | $3.9B | $751.3M | ||
| Q1 25 | $4.3B | $752.4M | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.9B | — |
| Q1 26 | — | — | ||
| Q4 25 | $11.9B | $2.2B | ||
| Q3 25 | $11.7B | $2.0B | ||
| Q2 25 | $11.4B | $1.2B | ||
| Q1 25 | $11.2B | $1.1B | ||
| Q4 24 | $11.1B | — | ||
| Q3 24 | $11.2B | — | ||
| Q2 24 | $11.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $341.4B | $4.4B | ||
| Q3 25 | $334.5B | $4.2B | ||
| Q2 25 | $323.1B | $2.2B | ||
| Q1 25 | $313.0B | $2.2B | ||
| Q4 24 | $313.7B | — | ||
| Q3 24 | $322.9B | — | ||
| Q2 24 | $308.8B | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | 0.74× | ||
| Q3 25 | 0.34× | 0.83× | ||
| Q2 25 | 0.34× | 0.64× | ||
| Q1 25 | 0.39× | 0.67× | ||
| 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 | — | $49.7M |
| Free Cash FlowOCF − Capex | — | $37.1M |
| FCF MarginFCF / Revenue | — | 7.3% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $49.7M | ||
| Q3 25 | $1.0B | $19.0M | ||
| Q2 25 | $811.9M | $-6.5M | ||
| Q1 25 | $977.3M | $32.8M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $37.1M | ||
| Q3 25 | — | $10.3M | ||
| Q2 25 | — | $-14.5M | ||
| Q1 25 | — | $28.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.37× | — | ||
| Q3 25 | 4.70× | — | ||
| 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.
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
