Principal Financial Group Inc - Understand $pfg stock

$PFG Market Cap: $19.41 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$15.35B

TTM

Gross Margin

46.36%

TTM

Net Earnings

-$206.1M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$322.9B

Q3 2024

Total Liabilities

$311.3B

Q3 2024

Book Value

$11.59B

Q3 2024

Cash

$6.175B

Q3 2024

P/E

-94.15

Nov 29, 2024 EST

Free Cash Flow

$2.897B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Revenue	$13.67B	$17.49B	$14.26B	$14.74B	$16.22B	$14.24B	$14.09B	$12.49B	$12.00B	$10.56B	$9.290B	$9.215B	$8.671B	$9.198B	$8.849B	$9.936B	$10.91B	$9.873B	$9.040B	$8.321B	$7.983B	$7.627B	$8.593B	$8.594B	$8.701B	$8.197B
YoY Change	-21.87%	22.64%	-3.25%	-9.13%	13.94%	1.02%	12.81%	4.15%	13.63%	13.63%	0.81%	6.28%	-5.73%	3.95%	-10.94%	-8.9%	10.47%	9.21%	8.64%	4.23%	4.67%	-11.24%	-0.01%	-1.23%	6.15%	-5.37%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Revenue	$13.67B	$17.49B	$14.26B	$14.74B	$16.22B	$14.24B	$14.09B	$12.49B	$12.00B	$10.56B	$9.290B	$9.215B	$8.671B	$9.198B	$8.849B	$9.936B	$10.91B	$9.873B	$9.040B	$8.321B	$7.983B	$7.627B	$8.593B	$8.594B	$8.701B	$8.197B
Cost Of Revenue	$7.788B	$6.371B	$7.097B	$8.282B	$9.906B	$8.193B	$7.823B				$4.684B	$5.124B	$4.617B	$5.204B
Gross Profit	$5.878B	$11.12B	$7.166B	$6.460B	$6.316B	$6.045B	$6.271B				$4.606B	$4.091B	$4.054B	$3.994B
Gross Profit Margin	43.01%	63.58%	50.24%	43.82%	38.94%	42.46%	44.49%				49.58%	44.4%	46.76%	43.42%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Selling, General & Admin	$154.5M	$167.3M	$172.2M	$188.0M	$183.0M	$124.0M	$125.0M	$157.0M	$164.0M	$177.0M	$189.0M	$198.0M	$210.0M	$2.699B	$242.0M	$267.0M	$294.0M	$291.0M	$293.0M	$297.0M	$308.0M	$317.0M	$314.0M	$313.0M	$305.0M	$299.0M
YoY Change	-7.65%	-2.85%	-8.4%	2.73%	47.58%	-0.8%	-20.38%	-4.27%	-7.34%	-6.35%	-4.55%	-5.71%	-92.22%	1015.29%	-9.36%	-9.18%	1.03%	-0.68%	-1.35%	-3.57%	-2.84%	0.96%	0.32%	2.62%	2.01%	0.0%
% of Gross Profit	2.63%	1.5%	2.4%	2.91%	2.9%	2.05%	1.99%				4.1%	4.84%	5.18%	67.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$389.8M	$384.4M	$285.4M	$388.1M	$347.0M	$253.5M	$234.6M	$471.7M	$463.8M	$536.7M	$187.1M	$94.90M	$271.4M	$268.7M	$230.7M	$518.7M	$487.5M	$340.5M	$345.0M	$316.5M	$254.2M	$249.3M	$476.3M	$496.2M	$385.3M	$499.0M
YoY Change	1.4%	34.69%	-26.46%	11.84%	36.88%	8.06%	-50.26%	1.7%	-13.58%	186.85%	97.15%	-65.03%	1.0%	16.47%	-55.52%	6.4%	43.17%	-1.3%	9.0%	24.51%	1.97%	-47.66%	-4.01%	28.78%	-22.79%
% of Gross Profit	6.63%	3.46%	3.98%	6.01%	5.49%	4.19%	3.74%				4.06%	2.32%	6.69%	6.73%
Operating Expenses	$12.90B	$11.43B	$12.18B	$13.05B	$14.53B	$12.45B	$11.84B	$10.80B	$10.53B	$8.983B	$8.166B	$8.255B	$7.798B	$6.917B	$8.103B	$9.475B	$9.834B	$8.542B	$7.918B	$7.442B	$7.162B	$7.256B	$8.129B	$7.754B	$7.636B	$7.462B
YoY Change	12.82%	-6.14%	-6.66%	-10.19%	16.65%	5.17%	9.61%	2.55%	17.27%	10.0%	-1.08%	5.86%	12.74%	-14.64%	-14.48%	-3.65%	15.13%	7.88%	6.4%	3.91%	-1.3%	-10.74%	4.84%	1.55%	2.33%	-6.34%
Operating Profit	-$7.018B	-$309.5M	-$5.012B	-$6.587B	-$8.211B	-$6.408B	-$5.570B				-$3.560B	-$4.164B	-$3.744B	-$2.923B
YoY Change	2167.66%	-93.83%	-23.9%	-19.78%	28.13%	15.04%					-14.5%	11.22%	28.08%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2010
Interest Expense	-$1.117B	$3.652B	-$1.000M	-$1.000M	-$1.000M	-$120.0M
YoY Change	-130.58%	-365260.0%	0.0%	0.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Pretax Income	$412.8M	$5.822B	$1.889B	$1.323B	$1.352B	$1.661B	$1.849B	$1.592B	$1.431B	$1.495B	$1.124B	$960.0M	$873.0M	$867.0M	$746.0M	$461.0M	$1.072B	$1.331B	$1.122B	$879.0M	$820.0M	$372.0M	$464.0M	$840.0M	$1.066B	$735.0M
YoY Change	-92.91%	208.16%	42.77%	-2.12%	-18.61%	-10.14%	16.11%	11.25%	-4.28%	33.01%	17.08%	9.97%	0.69%	16.22%	61.82%	-57.0%	-19.46%	18.63%	27.65%	7.2%	120.43%	-19.83%	-44.76%	-21.2%	45.03%	5.91%
Income Tax	$68.70M	$1.208B	$326.2M	$265.0M	$249.2M	$230.7M	-$72.30M	$230.0M	$178.0M	$319.0M	$187.9M	$134.6M	$198.3M	$104.9M	$100.0M	-$5.000M	$208.0M	$296.0M	$231.0M	$178.0M	$176.0M	-$75.00M	$83.00M	$229.0M	$324.0M	$42.00M
% Of Pretax Income	16.64%	20.75%	17.27%	20.03%	18.43%	13.89%	-3.91%	14.45%	12.44%	21.34%	16.72%	14.02%	22.71%	12.1%	13.4%	-1.08%	19.4%	22.24%	20.59%	20.25%	21.46%	-20.16%	17.89%	27.26%	30.39%	5.71%
Net Earnings	$623.2M	$4.812B	$1.711B	$1.396B	$1.394B	$1.547B	$2.310B	$1.317B	$1.234B	$1.144B	$912.7M	$806.6M	$638.3M	$662.9M	$623.0M	$458.0M	$860.0M	$1.064B	$919.0M	$826.0M	$746.0M	$142.0M	$359.0M	$620.0M	$742.0M	$693.0M
YoY Change	-87.05%	181.28%	22.55%	0.11%	-9.85%	-33.06%	75.43%	6.73%	7.87%	25.34%	13.15%	26.37%	-3.71%	6.4%	36.03%	-46.74%	-19.17%	15.78%	11.26%	10.72%	425.35%	-60.45%	-42.1%	-16.44%	7.07%	52.64%
Net Earnings / Revenue	4.56%	27.51%	11.99%	9.47%	8.59%	10.86%	16.39%	10.54%	10.29%	10.84%	9.83%	8.75%	7.36%	7.21%	7.04%	4.61%	7.88%	10.78%	10.17%	9.93%	9.34%	1.86%	4.18%	7.21%	8.53%	8.45%
Basic Earnings Per Share	$2.58	$19.16	$6.36	$5.08	$5.00	$5.41	$8.00				$2.99	$2.60	$1.92	$1.97
Diluted Earnings Per Share	$2.55	$18.85	$6.27	$5.05	$4.96	$5.36	$7.88	$4.495M	$4.141M	$3.826M	$2.95	$2.58	$1.91	$1.95	$2.084M	$1.755M	$3.209M	$3.855M	$3.169M	$2.526M	$2.281M	$404.6K	$991.7K	$1.717M	$2.055M	$1.920M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$4.708B	$4.848B	$2.332B	$2.850B	$2.516B	$2.978B	$2.471B	$2.720B	$2.565B	$1.864B	$2.372B	$4.177B	$2.834B	$1.877B	$2.240B	$2.608B	$1.344B	$1.592B	$1.639B	$451.0M	$1.193B	$1.039B	$561.0M	$927.0M	$570.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$3.284B	$3.236B	$3.113B	$1.019B	$968.0M	$767.0M	$760.0M	$699.0M	$634.0M	$590.0M	$501.0M	$464.0M	$457.0M	$459.0M	$489.0M	$518.0M	$469.0M	$423.0M	$420.0M	$429.0M	$445.0M	$483.0M	$494.0M	$507.0M	$508.0M
YoY Change	1.48%	3.93%	205.53%	5.27%	26.21%	0.92%	8.73%	10.25%	7.46%	17.76%	7.97%	1.53%	-0.44%	-6.13%	-5.6%	10.45%	10.87%	0.71%	-2.1%	-3.6%	-7.87%	-2.23%	-2.56%	-0.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$96.13B	$92.85B	$106.8B	$106.3B	$96.06B	$84.77B	$82.10B	$75.84B	$69.82B	$68.43B	$66.76B	$68.81B	$66.15B	$65.98B	$63.94B	$59.11B	$64.37B	$60.31B	$57.37B	$56.84B	$53.21B	$49.00B	$44.78B	$42.09B	$41.34B
YoY Change	3.53%	-13.09%	0.49%	10.67%	13.32%	3.24%	8.26%	8.61%	2.03%	2.51%	-2.98%	4.02%	0.27%	3.19%	8.17%	-8.17%	6.72%	5.13%	0.93%	6.82%	8.61%	9.42%	6.39%	1.81%
Other Assets																	$0.00	$54.00M	$103.0M	$78.00M	$5.425B	$0.00	$2.974B
YoY Change																	-100.0%	-47.57%	32.05%	-98.56%		-100.0%
Total Long-Term Assets
YoY Change
Total Assets	$305.0B	$292.2B	$304.7B	$296.6B	$276.1B	$243.0B	$253.9B	$228.0B	$218.7B	$219.1B	$208.2B	$161.8B	$147.3B	$144.6B	$137.8B	$128.2B	$154.5B	$143.7B	$127.0B	$113.8B	$107.8B	$89.86B	$88.35B	$84.41B	$83.95B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$175.6M	$196.5M	$209.9M	$231.0M	$198.0M
YoY Change	-10.64%	-6.38%	-9.13%	16.67%
Deferred Revenue
YoY Change
Short-Term Debt	$61.10M	$80.70M	$79.80M	$85.00M	$93.00M	$43.00M	$40.00M	$51.00M	$181.0M	$28.00M	$151.0M	$41.00M	$105.0M	$108.0M	$102.0M	$501.0M	$291.0M	$84.00M	$476.0M	$282.0M	$703.0M	$565.0M	$512.0M	$460.0M	$547.0M
YoY Change	-24.29%	1.13%	-6.12%	-8.6%	116.28%	7.5%	-21.57%	-71.82%	546.43%	-81.46%	268.29%	-60.95%	-2.78%	5.88%	-79.64%	72.16%	246.43%	-82.35%	68.79%	-59.89%	24.42%	10.35%	11.3%	-15.9%
Long-Term Debt Due	$100.0K	$325.2M	$301.8M	$2.000M	$66.00M
YoY Change	-99.97%	7.75%	14990.0%	-96.97%
Total Short-Term Liabilities	$248.7M	$621.6M	$607.0M	$340.0M	$373.0M	$68.00M	$57.00M	$64.00M	$199.0M	$40.00M	$156.0M	$56.00M	$108.0M	$114.0M	$105.0M	$503.0M	$333.0M	$88.00M	$476.0M	$559.0M	$817.0M	$565.0M	$547.0M	$568.0M	$700.0M
YoY Change	-59.99%	2.41%	78.53%	-8.85%	448.53%	19.3%	-10.94%	-67.84%	397.5%	-74.36%	178.57%	-48.15%	-5.26%	8.57%	-79.13%	51.05%	278.41%	-81.51%	-14.85%	-31.58%	44.6%	3.29%	-3.7%	-18.86%
Long-Term Debt	$4.006B	$3.755B	$4.073B	$4.327B	$3.700B	$3.260B	$3.178B	$3.126B	$3.265B	$2.531B	$2.601B	$2.671B	$1.565B	$1.584B	$1.585B	$1.291B	$1.399B	$1.511B	$899.0M	$844.0M	$1.374B	$1.333B	$1.378B	$1.337B	$1.493B
YoY Change	6.68%	-7.82%	-5.87%	16.95%	13.5%	2.58%	1.66%	-4.26%	29.0%	-2.69%	-2.62%	70.67%	-1.2%	-0.06%	22.77%	-7.72%	-7.41%	68.08%	6.52%	-38.57%	3.08%	-3.27%	3.07%	-10.45%
Other Long-Term Liabilities	$11.49B	$11.88B	$10.24B	$7.301B	$6.634B	$5.662B	$5.294B	$5.783B	$5.678B	$5.542B	$5.224B	$6.146B	$6.286B	$6.144B	$5.586B	$6.457B	$5.020B	$4.750B	$3.714B	$3.251B	$8.501B	$4.933B	$5.067B	$2.601B	$3.134B
YoY Change	-3.27%	16.04%	40.2%	10.05%	17.17%	6.95%	-8.46%	1.85%	2.45%	6.09%	-15.0%	-2.23%	2.31%	9.99%	-13.49%	28.63%	5.68%	27.89%	14.24%	-61.76%	72.33%	-2.64%	94.81%	-17.01%
Total Long-Term Liabilities	$15.49B	$15.63B	$14.31B	$11.63B	$10.33B	$8.922B	$8.472B	$8.909B	$8.943B	$8.073B	$7.825B	$8.817B	$7.851B	$7.728B	$7.171B	$7.748B	$6.419B	$6.261B	$4.613B	$4.095B	$9.875B	$6.266B	$6.445B	$3.938B	$4.627B
YoY Change	-0.88%	9.25%	23.06%	12.52%	15.83%	5.31%	-4.91%	-0.38%	10.78%	3.17%	-11.25%	12.3%	1.59%	7.77%	-7.45%	20.7%	2.52%	35.73%	12.65%	-58.53%	57.6%	-2.78%	63.66%	-14.89%
Total Liabilities	$294.1B	$282.2B	$288.6B	$280.1B	$261.5B	$231.6B	$241.1B	$217.8B	$209.3B	$208.9B	$198.5B	$152.1B	$138.3B	$135.5B	$129.9B	$125.7B	$147.1B	$135.8B	$119.2B	$106.3B	$100.4B	$83.20B	$81.53B	$78.15B	$78.40B
YoY Change	4.21%	-2.2%	3.04%	7.11%	12.87%	-3.92%	10.7%	4.03%	0.21%	5.24%	30.47%	10.0%	2.08%	4.34%	3.31%	-14.54%	8.32%	13.9%	12.21%	5.88%	20.61%	2.05%	4.32%	-0.32%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2013	2012	2011	2010
Basic Shares Outstanding	241.3M	251.1M	269.0M	274.7M	278.6M	285.8M	288.9M	294.6M shares	297.5M shares	314.5M shares	320.3M shares
Diluted Shares Outstanding	244.6M	255.3M	272.9M	276.6M	281.0M	288.8M	293.1M	298.2M shares	300.4M shares	317.6M shares	323.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $19.405 Billion

About PRINCIPAL FINANCIAL GROUP INC

Principal Financial Group, Inc. engages in the investment management offering business. The company is headquartered in Des Moines, Iowa and currently employs 19,800 full-time employees. The company went IPO on 2001-10-26. The firm offers businesses, individuals and institutional clients a range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. The firm's segments include retirement and income solutions, principal asset management, and benefits and protection. The Retirement and Income Solutions segment offers workplace savings and retirement solutions, banking, trust and custodial services, individual variable annuities, and pension risk transfer, among others. The Principal Asset Management segment provides global investment solutions to institutional, retirement, retail and high net worth investors. The Benefits and Protection segment is organized into Specialty Benefits, which provides group dental, group life insurance, group disability insurance, supplemental health products, and individual disability insurance, and life insurance.

Industry: Accident & Health Insurance Peers: AFLAC INC American National Group Inc. Brighthouse Financial, Inc. GLOBE LIFE INC. LINCOLN NATIONAL CORP METLIFE INC PRUDENTIAL FINANCIAL INC Unum Group Primerica, Inc.