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Side-by-side financial comparison of Principal Financial Group (PFG) and Vale S.A. (VALE). Click either name above to swap in a different company.

Vale S.A. is the larger business by last-quarter revenue ($8.8B vs $750.8M, roughly 11.7× Principal Financial Group). Vale S.A. runs the higher net margin — 24.3% vs 0.3%, a 24.0% gap on every dollar of revenue. On growth, Principal Financial Group posted the faster year-over-year revenue change (4.0% vs -11.3%).

Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.

Vale, formerly Companhia Vale do Rio Doce, is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt; as of 2014 the company operated nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.

PFG vs VALE — Head-to-Head

Bigger by revenue
VALE
VALE
11.7× larger
VALE
$8.8B
$750.8M
PFG
Growing faster (revenue YoY)
PFG
PFG
+15.3% gap
PFG
4.0%
-11.3%
VALE
Higher net margin
VALE
VALE
24.0% more per $
VALE
24.3%
0.3%
PFG

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
PFG
PFG
VALE
VALE
Revenue
$750.8M
$8.8B
Net Profit
$1.9M
$2.1B
Gross Margin
30.9%
Operating Margin
22.8%
Net Margin
0.3%
24.3%
Revenue YoY
4.0%
-11.3%
Net Profit YoY
783.0%
-22.9%
EPS (diluted)
$0.50

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
VALE
VALE
Q1 26
$750.8M
Q4 25
$4.6B
Q3 25
$3.7B
Q2 25
$3.7B
$8.8B
Q1 25
$3.7B
Q4 24
$4.8B
Q3 24
$3.0B
Q2 24
$4.3B
$9.9B
Net Profit
PFG
PFG
VALE
VALE
Q1 26
$1.9M
Q4 25
$517.0M
Q3 25
$213.8M
Q2 25
$406.2M
$2.1B
Q1 25
$48.1M
Q4 24
$905.4M
Q3 24
$-220.0M
Q2 24
$353.1M
$2.8B
Gross Margin
PFG
PFG
VALE
VALE
Q1 26
Q4 25
Q3 25
Q2 25
30.9%
Q1 25
Q4 24
Q3 24
Q2 24
36.0%
Operating Margin
PFG
PFG
VALE
VALE
Q1 26
Q4 25
Q3 25
Q2 25
22.8%
Q1 25
Q4 24
Q3 24
Q2 24
39.1%
Net Margin
PFG
PFG
VALE
VALE
Q1 26
0.3%
Q4 25
11.3%
Q3 25
5.8%
Q2 25
11.1%
24.3%
Q1 25
1.3%
Q4 24
19.1%
Q3 24
-7.3%
Q2 24
8.2%
27.9%
EPS (diluted)
PFG
PFG
VALE
VALE
Q1 26
Q4 25
$2.30
Q3 25
$0.95
Q2 25
$1.79
$0.50
Q1 25
$0.21
Q4 24
$3.92
Q3 24
$-0.95
Q2 24
$1.49
$0.65

Balance Sheet & Financial Strength

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

Metric
PFG
PFG
VALE
VALE
Cash + ST InvestmentsLiquidity on hand
$5.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$40.5B
Total Assets
$90.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PFG
PFG
VALE
VALE
Q1 26
Q4 25
$4.4B
Q3 25
$5.1B
Q2 25
$3.7B
$5.5B
Q1 25
$3.9B
Q4 24
$4.2B
Q3 24
$6.2B
Q2 24
$4.8B
$6.5B
Total Debt
PFG
PFG
VALE
VALE
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
VALE
VALE
Q1 26
Q4 25
$11.9B
Q3 25
$11.7B
Q2 25
$11.4B
$40.5B
Q1 25
$11.2B
Q4 24
$11.1B
Q3 24
$11.2B
Q2 24
$11.0B
$38.4B
Total Assets
PFG
PFG
VALE
VALE
Q1 26
Q4 25
$341.4B
Q3 25
$334.5B
Q2 25
$323.1B
$90.4B
Q1 25
$313.0B
Q4 24
$313.7B
Q3 24
$322.9B
Q2 24
$308.8B
$86.6B
Debt / Equity
PFG
PFG
VALE
VALE
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×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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