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Side-by-side financial comparison of Principal Financial Group (PFG) and V F CORP (VFC). Click either name above to swap in a different company.
Principal Financial Group is the larger business by last-quarter revenue ($4.6B vs $2.9B, roughly 1.6× V F CORP). Principal Financial Group runs the higher net margin — 11.3% vs 10.5%, a 0.8% gap on every dollar of revenue. On growth, V F CORP posted the faster year-over-year revenue change (1.5% vs -3.7%). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% 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.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
PFG vs VFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.6B | $2.9B |
| Net Profit | $517.0M | $300.8M |
| Gross Margin | — | 56.6% |
| Operating Margin | — | 10.1% |
| Net Margin | 11.3% | 10.5% |
| Revenue YoY | -3.7% | 1.5% |
| Net Profit YoY | -42.9% | 79.3% |
| EPS (diluted) | $2.30 | $0.76 |
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.
| Q4 25 | $4.6B | $2.9B | ||
| Q3 25 | $3.7B | $2.8B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.7B | $2.0B | ||
| Q4 24 | $4.8B | $2.8B | ||
| Q3 24 | $3.0B | $2.8B | ||
| Q2 24 | $4.3B | $1.9B | ||
| Q1 24 | $4.1B | $2.4B |
| Q4 25 | $517.0M | $300.8M | ||
| Q3 25 | $213.8M | $189.8M | ||
| Q2 25 | $406.2M | $-116.4M | ||
| Q1 25 | $48.1M | $-150.8M | ||
| Q4 24 | $905.4M | $167.8M | ||
| Q3 24 | $-220.0M | $52.2M | ||
| Q2 24 | $353.1M | $-258.9M | ||
| Q1 24 | $532.5M | $-418.3M |
| Q4 25 | — | 56.6% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | — | 52.7% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 52.0% | ||
| Q1 24 | — | 48.4% |
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 11.2% | ||
| Q2 25 | — | -4.9% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | -12.6% | ||
| Q1 24 | — | -15.0% |
| Q4 25 | 11.3% | 10.5% | ||
| Q3 25 | 5.8% | 6.8% | ||
| Q2 25 | 11.1% | -6.6% | ||
| Q1 25 | 1.3% | -7.5% | ||
| Q4 24 | 19.1% | 5.9% | ||
| Q3 24 | -7.3% | 1.9% | ||
| Q2 24 | 8.2% | -13.6% | ||
| Q1 24 | 13.1% | -17.6% |
| Q4 25 | $2.30 | $0.76 | ||
| Q3 25 | $0.95 | $0.48 | ||
| Q2 25 | $1.79 | $-0.30 | ||
| Q1 25 | $0.21 | $-0.37 | ||
| Q4 24 | $3.92 | $0.43 | ||
| Q3 24 | $-0.95 | $0.13 | ||
| Q2 24 | $1.49 | $-0.67 | ||
| Q1 24 | $2.22 | $-1.07 |
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 | $1.5B |
| Total DebtLower is stronger | $3.9B | $3.6B |
| Stockholders' EquityBook value | $11.9B | $1.8B |
| Total Assets | $341.4B | $10.4B |
| Debt / EquityLower = less leverage | 0.33× | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4B | $1.5B | ||
| Q3 25 | $5.1B | $419.1M | ||
| Q2 25 | $3.7B | $642.4M | ||
| Q1 25 | $3.9B | $429.4M | ||
| Q4 24 | $4.2B | $1.4B | ||
| Q3 24 | $6.2B | $492.2M | ||
| Q2 24 | $4.8B | $637.4M | ||
| Q1 24 | $4.2B | $674.6M |
| Q4 25 | $3.9B | $3.6B | ||
| Q3 25 | $3.9B | $3.5B | ||
| Q2 25 | $3.9B | $3.6B | ||
| Q1 25 | $4.3B | $3.4B | ||
| Q4 24 | $4.0B | $3.9B | ||
| Q3 24 | $3.9B | $4.0B | ||
| Q2 24 | $3.9B | $3.9B | ||
| Q1 24 | $3.9B | $4.7B |
| Q4 25 | $11.9B | $1.8B | ||
| Q3 25 | $11.7B | $1.5B | ||
| Q2 25 | $11.4B | $1.3B | ||
| Q1 25 | $11.2B | $1.5B | ||
| Q4 24 | $11.1B | $1.7B | ||
| Q3 24 | $11.2B | $1.4B | ||
| Q2 24 | $11.0B | $1.4B | ||
| Q1 24 | $11.2B | $1.7B |
| Q4 25 | $341.4B | $10.4B | ||
| Q3 25 | $334.5B | $10.6B | ||
| Q2 25 | $323.1B | $10.2B | ||
| Q1 25 | $313.0B | $9.4B | ||
| Q4 24 | $313.7B | $10.6B | ||
| Q3 24 | $322.9B | $12.2B | ||
| Q2 24 | $308.8B | $11.5B | ||
| Q1 24 | $308.7B | $11.6B |
| Q4 25 | 0.33× | 1.99× | ||
| Q3 25 | 0.34× | 2.40× | ||
| Q2 25 | 0.34× | 2.76× | ||
| Q1 25 | 0.39× | 2.30× | ||
| Q4 24 | 0.36× | 2.31× | ||
| Q3 24 | 0.35× | 2.86× | ||
| Q2 24 | 0.36× | 2.84× | ||
| Q1 24 | 0.35× | 2.84× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | — | $977.9M |
| FCF MarginFCF / Revenue | — | 34.0% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 3.37× | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | — | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $1.0B | $-227.0M | ||
| Q2 25 | $811.9M | $-145.5M | ||
| Q1 25 | $977.3M | $-171.1M | ||
| Q4 24 | $1.5B | $918.1M | ||
| Q3 24 | $1.1B | $-301.6M | ||
| Q2 24 | $1.4B | $19.8M | ||
| Q1 24 | $584.2M | — |
| Q4 25 | — | $977.9M | ||
| Q3 25 | — | $-253.5M | ||
| Q2 25 | — | $-173.7M | ||
| Q1 25 | — | $-193.0M | ||
| Q4 24 | — | $899.7M | ||
| Q3 24 | — | $-322.4M | ||
| Q2 24 | — | $-5.4M | ||
| Q1 24 | — | — |
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | -0.3% | ||
| Q1 24 | — | — |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | — |
| Q4 25 | 3.37× | 3.36× | ||
| Q3 25 | 4.70× | -1.20× | ||
| Q2 25 | 2.00× | — | ||
| Q1 25 | 20.32× | — | ||
| Q4 24 | 1.61× | 5.47× | ||
| Q3 24 | — | -5.78× | ||
| Q2 24 | 4.05× | — | ||
| Q1 24 | 1.10× | — |
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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
