Principal Financial Group

Financials Life & Health Insurance Des Moines, Iowa Last filing Feb 18, 2026 · FY2025

                    Revenue
                    FY2025
                
$15.6B
                    3y CAGR -3.8%
                    
                    P4
                    
                    -3.1%
                    
                    Net income
                    FY2025
                
$1.2B
                    Net margin +7.6%
                    
                    P11
                    
                    -24.6%
                    
                    Total assets
                    FY2025
                
$341.4B
                    ROA +0.3%
                    
                    P3
                    
                    +8.8%
                    
                    Operating cash flow
                    FY2025
                
$4.5B
                    
                    -1.4%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

23 accounts · 5 years

Total assets $341.4B

Total liabilities $329.0B

Shareholders equity $11.9B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$4.4B 5.2%	$4.2B -10.5%	$4.7B -2.9%	$4.8B 107.9%	$2.3B
Short Term Investments	$0	$0	$0	$0	$0
Other Current Assets	$818.3M 10.1%	$743.2M -17.0%	$895.7M -15.3%	$1.1B 106.6%	$512.0M
Property,Plant and Equipment	$701.4M -8.8%	$769.4M -18.0%	$938.4M -5.8%	$996.1M -4.0%	$1.0B
Goodwill	$1.6B 3.3%	$1.5B -3.7%	$1.6B 0.6%	$1.6B -1.8%	$1.6B
Intangible Assets	$1.3B -8.8%	$1.4B -5.4%	$1.5B -4.1%	$1.5B -4.2%	$1.6B
Other Noncurrent Assets	$818.3M 10.1%	$743.2M -17.0%	$895.7M -15.3%	$1.1B 106.6%	$512.0M
Total Assets	$341.4B 8.8%	$313.7B 2.8%	$305.0B 4.4%	$292.2B -4.1%	$304.7B
Liabilities
Current Portion of Long Term Debt	$27.7M -81.9%	$152.7M 149.9%	$61.1M -24.3%	$80.7M 1.1%	$79.8M
Other Current Liabilities	$13.6B 7.7%	$12.6B 8.9%	$11.6B -4.5%	$12.2B 15.3%	$10.5B
Total Current Liabilities	$329.0B 8.9%	$302.2B 2.8%	$293.8B 4.2%	$281.9B -2.2%	$288.2B
Long Term Debt	$3.9B -0.7%	$4.0B 0.6%	$3.9B -1.7%	$4.0B -6.6%	$4.3B
Deferred Tax Liabilities	$1.9B 8.8%	$1.7B 5.7%	$1.6B 33.7%	$1.2B -48.0%	$2.3B
Other Noncurrent Liabilities	$13.6B 7.7%	$12.6B 8.9%	$11.6B -4.5%	$12.2B 15.3%	$10.5B
Total Liabilities	$329.0B 8.9%	$302.2B 2.8%	$293.8B 4.2%	$281.9B -2.2%	$288.2B
Equity
Common Stock	$5.0M 2.0%	$4.9M 0.0%	$4.9M 0.0%	$4.9M 2.1%	$4.8M
Additional Paid In Capital	$11.3B 1.6%	$11.1B 1.8%	$10.9B 1.6%	$10.7B 2.3%	$10.5B
Retained Earnings	$18.1B 2.8%	$17.6B 5.4%	$16.7B -2.1%	$17.0B 32.3%	$12.9B
Treasury Stock	$13.3B 7.3%	$12.4B 9.2%	$11.3B 7.1%	$10.6B 18.6%	$8.9B
Accumulated Other Comprehensive Income	$-4.2B 19.8%	$-5.2B 2.3%	$-5.3B 25.7%	$-7.2B -546.9%	$1.6B
Noncontrolling Interest	$33.1M -26.3%	$44.9M -1.8%	$45.7M 11.2%	$41.1M -27.1%	$56.4M
Total Stockholders Equity	$11.9B 7.2%	$11.1B 1.6%	$10.9B 9.1%	$10.0B -37.8%	$16.1B
Total Liabilitiesand Equity	$341.4B 8.8%	$313.7B 2.8%	$305.0B 4.4%	$292.2B -4.1%	$304.7B

Income Statement

Revenue, expense, and profitability

14 accounts · 5 years

Revenue $15.6B

Operating income $1.2B

Net income $1.2B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$15.6B -3.1%	$16.1B 18.0%	$13.7B -22.1%	$17.5B 21.5%	$14.4B
Expenses Depreciation and Amortization	$72.9M 10.3%	$66.1M -67.4%	$202.9M -11.8%	$230.0M 10.6%	$208.0M
Expenses Share Based Compensation	$109.9M 1.1%	$108.7M 9.4%	$99.4M 8.9%	$91.3M -5.0%	$96.1M
Other Income Expense Operating Income	$1.2B -24.6%	$1.6B 152.1%	$623.2M -86.9%	$4.8B 201.0%	$1.6B
Other Income Expense Interest Expense	$2.2M -15.4%	$2.6M 36.8%	$1.9M 58.3%	$1.2M 20.0%	$1.0M
Other Income Expense Other Income/expense	$27.7M 201.5%	$-27.3M 62.2%	$-72.2M 60.4%	$-182.1M -257.8%	$115.4M
Other Income Expense Income Before Tax	$1.0B -37.4%	$1.7B 302.6%	$412.8M -92.8%	$5.8B 236.2%	$1.7B
Income Tax Income Tax Expense	$160.5M -45.0%	$291.7M 324.6%	$68.7M -94.2%	$1.2B 319.0%	$283.9M
net Income net Income	$1.2B -24.6%	$1.6B 152.1%	$623.2M -86.9%	$4.8B 201.0%	$1.6B
net Income Comprehensive Income	$2.2B 31.3%	$1.7B -21.6%	$2.2B 1514.4%	$-152.5M -106.8%	$2.2B
Earnings Per Share Basic Eps	$5 -21.4%	$7 162.4%	$3 -86.4%	$19 222.7%	$6
Earnings Per Share Diluted Eps	$5 -21.4%	$7 162.0%	$3 -86.3%	$19 221.8%	$6
Earnings Per Share Weighted Average Shares Basic	$222.8M -4.0%	$232.0M -3.9%	$241.3M -3.9%	$251.1M -6.7%	$269.0M
Earnings Per Share Weighted Average Shares Diluted	$225.7M -4.1%	$235.3M -3.8%	$244.6M -4.2%	$255.3M -6.4%	$272.9M

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $4.5B

Investing cash flow $-4.1B

Financing cash flow $-181.8M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	$1.2B -24.6%	$1.6B 152.1%	$623.2M -86.9%	$4.8B 201.0%	$1.6B
Operating Activities Depreciation and Amortization	$251.4M -1.9%	$256.2M 26.3%	$202.9M -11.8%	$230.0M 10.6%	$208.0M
Operating Activities Stock Based Compensation	$109.9M 1.1%	$108.7M 9.4%	$99.4M 8.9%	$91.3M -5.0%	$96.1M
Operating Activities Deferred Income Taxes	$-101.5M -1490.4%	$7.3M 112.8%	$-57.2M -104.8%	$1.2B 906.4%	$117.4M
Operating Activities Changes In Operating Assets and Liabilities	$-254.1M -14847.1%	$-1.7M 99.2%	$-214.9M 37.1%	$-341.5M -3694.4%	$-9.0M
Operating Activities Other Non Cash Items	$11.8M 105.7%	$-207.2M -41.4%	$-146.5M -16.4%	$-125.9M -717.5%	$-15.4M
Operating Activities net Cash From Operating Activities	$4.5B -1.4%	$4.6B 21.4%	$3.8B 19.5%	$3.2B -2.5%	$3.3B
Investing Activities Business Acquisitions	$5.6M -79.3%	$27.1M	—	—	—
Investing Activities Purchases of Investments	$15.7B 4.6%	$15.0B 31.1%	$11.4B -41.0%	$19.4B 16.4%	$16.6B
Investing Activities Other Investing Activities	$672.0M -3.0%	$692.7M -24.6%	$919.3M 1247.9%	$68.2M -52.2%	$142.6M
Investing Activities net Cash From Investing Activities	$-4.1B 23.4%	$-5.4B -300.8%	$-1.3B -227.2%	$1.1B 118.6%	$-5.7B
Financing Activities Repayment of Debt	$400.1M 400000.0%	$100.0K -100.0%	$764.0M 153.0%	$302.0M 16677.8%	$1.8M
Financing Activities Repurchase of Common Stock	$902.7M -13.4%	$1.0B 40.8%	$740.4M -55.4%	$1.7B 77.2%	$937.2M
Financing Activities Dividends Paid	$684.0M 3.9%	$658.4M 5.3%	$625.5M -2.6%	$642.3M -1.8%	$654.1M
Financing Activities Proceeds From Stock Issuance	$43.7M -35.5%	$67.7M 17.1%	$57.8M -68.2%	$181.7M 109.6%	$86.7M
Financing Activities Other Financing Activities	$-1.3M -425.0%	$400.0K 33.3%	$300.0K -99.4%	$50.6M 50500.0%	$100.0K
Financing Activities net Cash From Financing Activities	$-181.8M -160.5%	$300.3M 111.6%	$-2.6B -50.7%	$-1.7B -189.3%	$1.9B
Cash Reconciliation Effect of Exchange Rate On Cash	$4.4B 5.2%	$4.2B -10.5%	$4.7B -2.9%	$4.8B 107.9%	$2.3B
Cash Reconciliation net Change In Cash	$219.1M 144.2%	$-495.8M -253.4%	$-140.3M -105.6%	$2.5B 585.9%	$-517.8M
Cash Reconciliation Cash At Beginning of Period	$4.4B 5.2%	$4.2B -10.5%	$4.7B -2.9%	$4.8B 107.9%	$2.3B
Cash Reconciliation Cash At End of Period	$4.4B 5.2%	$4.2B -10.5%	$4.7B -2.9%	$4.8B 107.9%	$2.3B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	—	—	—	—	—
Operating margin	+7.6%	+9.7%	+4.6%	+27.1%	+11.0%
Net margin	+7.6%	+9.7%	+4.6%	+27.1%	+11.0%
FCF margin	—	—	—	—	—
Growth
Revenue CAGR (3y)	-3.8%	+3.8%	-2.5%	+2.6%	+0.4%
Returns
ROE	+10.0%	+14.2%	+5.7%	+47.6%	+9.8%
ROA	+0.3%	+0.5%	+0.2%	+1.6%	+0.5%
ROIC	+8.8%	+11.8%	+5.1%	+40.9%	+7.3%
Liquidity
Current ratio	—	—	—	—	—
Quick ratio	—	—	—	—	—
Leverage
D/E	27.68x	27.26x	26.92x	28.19x	17.93x
Interest coverage	538.68x	604.23x	328.00x	3964.08x	1580.20x
Efficiency
Asset turnover	0.05x	0.05x	0.04x	0.06x	0.05x
Cash conversion cycle	—	—	—	—	—

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FY2025 fundamentals · no price

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Principal Financial Group

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