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Side-by-side financial comparison of Principal Financial Group (PFG) and Viking Holdings Ltd (VIK). Click either name above to swap in a different company.
Principal Financial Group is the larger business by last-quarter revenue ($4.6B vs $4.0B, roughly 1.1× Viking Holdings Ltd). Viking Holdings Ltd runs the higher net margin — 12.9% vs 11.3%, a 1.6% 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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
PFG vs VIK — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.6B | $4.0B |
| Net Profit | $517.0M | $514.0M |
| Gross Margin | — | 73.4% |
| Operating Margin | — | 15.2% |
| Net Margin | 11.3% | 12.9% |
| Revenue YoY | -3.7% | — |
| Net Profit YoY | -42.9% | 35.4% |
| EPS (diluted) | $2.30 | $1.15 |
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 | — | ||
| Q3 25 | $3.7B | $4.0B | ||
| Q2 25 | $3.7B | $2.3B | ||
| Q1 25 | $3.7B | $718.2M | ||
| Q4 24 | $4.8B | — | ||
| Q3 24 | $3.0B | $3.6B | ||
| Q2 24 | $4.3B | $2.1B | ||
| Q1 24 | $4.1B | — |
| Q4 25 | $517.0M | — | ||
| Q3 25 | $213.8M | $514.0M | ||
| Q2 25 | $406.2M | $439.2M | ||
| Q1 25 | $48.1M | $-105.5M | ||
| Q4 24 | $905.4M | — | ||
| Q3 24 | $-220.0M | $379.7M | ||
| Q2 24 | $353.1M | $159.8M | ||
| Q1 24 | $532.5M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 73.4% | ||
| Q2 25 | — | 55.7% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 74.7% | ||
| Q2 24 | — | 57.8% | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.2% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | -1.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 20.5% | ||
| Q1 24 | — | — |
| Q4 25 | 11.3% | — | ||
| Q3 25 | 5.8% | 12.9% | ||
| Q2 25 | 11.1% | 19.1% | ||
| Q1 25 | 1.3% | -14.7% | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | -7.3% | 10.6% | ||
| Q2 24 | 8.2% | 7.7% | ||
| Q1 24 | 13.1% | — |
| Q4 25 | $2.30 | — | ||
| Q3 25 | $0.95 | $1.15 | ||
| Q2 25 | $1.79 | $0.99 | ||
| Q1 25 | $0.21 | $-0.24 | ||
| Q4 24 | $3.92 | — | ||
| Q3 24 | $-0.95 | $0.87 | ||
| Q2 24 | $1.49 | $0.38 | ||
| Q1 24 | $2.22 | — |
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 | $3.0B |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $11.9B | $803.5M |
| Total Assets | $341.4B | $11.5B |
| Debt / EquityLower = less leverage | 0.33× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4B | — | ||
| Q3 25 | $5.1B | $3.0B | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $3.9B | $2.8B | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $6.2B | $2.4B | ||
| Q2 24 | $4.8B | $1.8B | ||
| Q1 24 | $4.2B | — |
| 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 24 | $3.9B | — |
| Q4 25 | $11.9B | — | ||
| Q3 25 | $11.7B | $803.5M | ||
| Q2 25 | $11.4B | $278.3M | ||
| Q1 25 | $11.2B | $-267.5M | ||
| Q4 24 | $11.1B | — | ||
| Q3 24 | $11.2B | $-688.9M | ||
| Q2 24 | $11.0B | $-1.1B | ||
| Q1 24 | $11.2B | — |
| Q4 25 | $341.4B | — | ||
| Q3 25 | $334.5B | $11.5B | ||
| Q2 25 | $323.1B | $11.1B | ||
| Q1 25 | $313.0B | $10.7B | ||
| Q4 24 | $313.7B | — | ||
| Q3 24 | $322.9B | — | ||
| Q2 24 | $308.8B | — | ||
| Q1 24 | $308.7B | — |
| 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× | — | ||
| Q1 24 | 0.35× | — |
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 | $663.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.37× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.0B | $663.9M | ||
| Q2 25 | $811.9M | $470.7M | ||
| Q1 25 | $977.3M | $587.9M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.1B | $828.7M | ||
| Q2 24 | $1.4B | $419.8M | ||
| Q1 24 | $584.2M | — |
| Q4 25 | 3.37× | — | ||
| Q3 25 | 4.70× | 1.29× | ||
| Q2 25 | 2.00× | 1.07× | ||
| Q1 25 | 20.32× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | 4.05× | 2.63× | ||
| 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% |
VIK
Segment breakdown not available.
