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

Principal Financial Group is the larger business by last-quarter revenue ($750.8M vs $503.1M, roughly 1.5× Unity Software Inc.). Principal Financial Group runs the higher net margin — 0.3% vs -17.9%, a 18.1% gap on every dollar of revenue. On growth, Unity Software Inc. posted the faster year-over-year revenue change (10.1% vs 4.0%). Over the past eight quarters, Unity Software Inc.'s revenue compounded faster (4.5% 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.

Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications.

PFG vs U — Head-to-Head

Bigger by revenue
PFG
PFG
1.5× larger
PFG
$750.8M
$503.1M
U
Growing faster (revenue YoY)
U
U
+6.1% gap
U
10.1%
4.0%
PFG
Higher net margin
PFG
PFG
18.1% more per $
PFG
0.3%
-17.9%
U
Faster 2-yr revenue CAGR
U
U
Annualised
U
4.5%
-58.3%
PFG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PFG
PFG
U
U
Revenue
$750.8M
$503.1M
Net Profit
$1.9M
$-90.0M
Gross Margin
74.3%
Operating Margin
-21.2%
Net Margin
0.3%
-17.9%
Revenue YoY
4.0%
10.1%
Net Profit YoY
783.0%
26.7%
EPS (diluted)
$-0.21

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
U
U
Q1 26
$750.8M
Q4 25
$4.6B
$503.1M
Q3 25
$3.7B
$470.6M
Q2 25
$3.7B
$440.9M
Q1 25
$3.7B
$435.0M
Q4 24
$4.8B
$457.1M
Q3 24
$3.0B
$446.5M
Q2 24
$4.3B
$449.3M
Net Profit
PFG
PFG
U
U
Q1 26
$1.9M
Q4 25
$517.0M
$-90.0M
Q3 25
$213.8M
$-126.4M
Q2 25
$406.2M
$-108.8M
Q1 25
$48.1M
$-77.6M
Q4 24
$905.4M
$-122.7M
Q3 24
$-220.0M
$-124.7M
Q2 24
$353.1M
$-125.6M
Gross Margin
PFG
PFG
U
U
Q1 26
Q4 25
74.3%
Q3 25
74.4%
Q2 25
74.1%
Q1 25
73.8%
Q4 24
74.7%
Q3 24
74.9%
Q2 24
75.8%
Operating Margin
PFG
PFG
U
U
Q1 26
Q4 25
-21.2%
Q3 25
-26.7%
Q2 25
-26.9%
Q1 25
-29.4%
Q4 24
-27.1%
Q3 24
-28.5%
Q2 24
-28.8%
Net Margin
PFG
PFG
U
U
Q1 26
0.3%
Q4 25
11.3%
-17.9%
Q3 25
5.8%
-26.9%
Q2 25
11.1%
-24.7%
Q1 25
1.3%
-17.8%
Q4 24
19.1%
-26.8%
Q3 24
-7.3%
-27.9%
Q2 24
8.2%
-28.0%
EPS (diluted)
PFG
PFG
U
U
Q1 26
Q4 25
$2.30
$-0.21
Q3 25
$0.95
$-0.30
Q2 25
$1.79
$-0.26
Q1 25
$0.21
$-0.19
Q4 24
$3.92
$-0.30
Q3 24
$-0.95
$-0.31
Q2 24
$1.49
$-0.32

Balance Sheet & Financial Strength

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

Metric
PFG
PFG
U
U
Cash + ST InvestmentsLiquidity on hand
$2.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
Total Assets
$6.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PFG
PFG
U
U
Q1 26
Q4 25
$4.4B
$2.1B
Q3 25
$5.1B
$1.9B
Q2 25
$3.7B
$1.7B
Q1 25
$3.9B
$1.5B
Q4 24
$4.2B
$1.5B
Q3 24
$6.2B
$1.4B
Q2 24
$4.8B
$1.3B
Total Debt
PFG
PFG
U
U
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
U
U
Q1 26
Q4 25
$11.9B
$3.2B
Q3 25
$11.7B
$3.2B
Q2 25
$11.4B
$3.2B
Q1 25
$11.2B
$3.2B
Q4 24
$11.1B
$3.2B
Q3 24
$11.2B
$3.2B
Q2 24
$11.0B
$3.2B
Total Assets
PFG
PFG
U
U
Q1 26
Q4 25
$341.4B
$6.8B
Q3 25
$334.5B
$6.8B
Q2 25
$323.1B
$6.7B
Q1 25
$313.0B
$6.6B
Q4 24
$313.7B
$6.7B
Q3 24
$322.9B
$6.7B
Q2 24
$308.8B
$6.7B
Debt / Equity
PFG
PFG
U
U
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
U
U
Operating Cash FlowLast quarter
$121.4M
Free Cash FlowOCF − Capex
$118.7M
FCF MarginFCF / Revenue
23.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$403.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PFG
PFG
U
U
Q1 26
Q4 25
$1.7B
$121.4M
Q3 25
$1.0B
$155.4M
Q2 25
$811.9M
$133.1M
Q1 25
$977.3M
$13.0M
Q4 24
$1.5B
$112.2M
Q3 24
$1.1B
$122.4M
Q2 24
$1.4B
$88.4M
Free Cash Flow
PFG
PFG
U
U
Q1 26
Q4 25
$118.7M
Q3 25
$151.3M
Q2 25
$126.7M
Q1 25
$7.3M
Q4 24
$105.8M
Q3 24
$115.2M
Q2 24
$79.6M
FCF Margin
PFG
PFG
U
U
Q1 26
Q4 25
23.6%
Q3 25
32.1%
Q2 25
28.7%
Q1 25
1.7%
Q4 24
23.1%
Q3 24
25.8%
Q2 24
17.7%
Capex Intensity
PFG
PFG
U
U
Q1 26
Q4 25
0.5%
Q3 25
0.9%
Q2 25
1.5%
Q1 25
1.3%
Q4 24
1.4%
Q3 24
1.6%
Q2 24
2.0%
Cash Conversion
PFG
PFG
U
U
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
PFG

Segment breakdown not available.

U
U

Grow Solutions$338.2M67%
Create Solutions$164.9M33%

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