Principal Financial Group (PFG)
NASDAQFinancialsAsset ManagementSnapshot 2026-11-04
$117.31+4.13%
Close 2026-11-04 · 1-day change
NASDAQFinancialsAsset ManagementSnapshot 2026-11-04
QuarterlyIQ Insights · PFG
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within financials on a research-validated quality screen. As of 2026-11-04.
The screen ranks PFG against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Not enough signal yet.
Over the trailing year it converted 14.93x of net income into operating cash flow. Historically, Financials names rated robust grew net income 62% of the time over the next year (vs 56% for the rest of the cohort, n=6873).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Met or beat guidance 100% of the last 1 guided quarters · 164.3% avg surprise
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…
Stated in 8 of 8 supplied quarters. Management reported: “See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAAP operating earnings.” “See Exhibit 1 for details on the impact of 4Q 2025 and 4Q 2024 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAAP operating earnings.”
“See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…”
“Second Quarter Enterprise Results In millions except percentages, earnings per share, or otherwise noted [TABLE] Three Months Ended, | Trailing Twelve Months, || 2Q26 | 2Q25 | Change | 2Q26 | 2Q25 |…”
“· Net revenue increased $26.6 million due to favorable market performance and growth in the business.”
“See Exhibit 1 for details on the impact of 4Q 2025 and 4Q 2024 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…”
“The company has determined these measures are more representative of underlying comparable operating results for the segments.”
“Investment Management Three Months Ended, Trailing Twelve Months, 2Q25 2Q24 % Change 2Q25 2Q24 % Change Pre-tax operating earnings $157.9 $133.6 18% $597.2 $544.7 10% Operating revenues less pass-thr…”
See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…
Stated in 8 of 8 supplied quarters. Management reported: “See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAAP operating earnings.” “See Exhibit 1 for details on the impact of 4Q 2025 and 4Q 2024 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAAP operating earnings.”
See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…
Stated in 8 of 8 supplied quarters. Management reported: “See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAAP operating earnings.” “See Exhibit 1 for details on the impact of 4Q 2025 and 4Q 2024 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAAP operating earnings.”
See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…
Stated in 8 of 8 supplied quarters. Management reported: “See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAAP operating earnings.” “See Exhibit 1 for details on the impact of 4Q 2025 and 4Q 2024 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAAP operating earnings.”
Execute the stated 2026 capital deployment plan, including share repurchases and a dividend ratio.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
10 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Financials names rated neutral grew net income 60% of the time over the next year (vs 58% for the rest of the cohort, n=10134).
Not investment advice. As of 2026-11-04.
“· Net revenue increased $32.8 million due to favorable market performance and growth in the business, outpacing fee compression.”
“2025 Outlook Guidance ● 2025 outlook consistent with long-term targets: o 9-12% annual non-GAAP operating earnings per diluted share (EPS) growth 3 o 75-85% free capital flow conversion 4 o 14-16% no…”
“See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…”
“Second Quarter Enterprise Results In millions except percentages, earnings per share, or otherwise noted [TABLE] Three Months Ended, | Trailing Twelve Months, || 2Q26 | 2Q25 | Change | 2Q26 | 2Q25 |…”
“· Net revenue increased $26.6 million due to favorable market performance and growth in the business.”
“See Exhibit 1 for details on the impact of 4Q 2025 and 4Q 2024 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…”
“The company has determined these measures are more representative of underlying comparable operating results for the segments.”
“Investment Management Three Months Ended, Trailing Twelve Months, 2Q25 2Q24 % Change 2Q25 2Q24 % Change Pre-tax operating earnings $157.9 $133.6 18% $597.2 $544.7 10% Operating revenues less pass-thr…”
“· Net revenue increased $32.8 million due to favorable market performance and growth in the business, outpacing fee compression.”
“2025 Outlook Guidance ● 2025 outlook consistent with long-term targets: o 9-12% annual non-GAAP operating earnings per diluted share (EPS) growth 3 o 75-85% free capital flow conversion 4 o 14-16% no…”
“See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…”
“Second Quarter Enterprise Results In millions except percentages, earnings per share, or otherwise noted [TABLE] Three Months Ended, | Trailing Twelve Months, || 2Q26 | 2Q25 | Change | 2Q26 | 2Q25 |…”
“· Net revenue increased $26.6 million due to favorable market performance and growth in the business.”
“See Exhibit 1 for details on the impact of 4Q 2025 and 4Q 2024 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…”
“The company has determined these measures are more representative of underlying comparable operating results for the segments.”
“Investment Management Three Months Ended, Trailing Twelve Months, 2Q25 2Q24 % Change 2Q25 2Q24 % Change Pre-tax operating earnings $157.9 $133.6 18% $597.2 $544.7 10% Operating revenues less pass-thr…”
“· Net revenue increased $32.8 million due to favorable market performance and growth in the business, outpacing fee compression.”
“2025 Outlook Guidance ● 2025 outlook consistent with long-term targets: o 9-12% annual non-GAAP operating earnings per diluted share (EPS) growth 3 o 75-85% free capital flow conversion 4 o 14-16% no…”
“See Exhibit 1 for details on the impact of 3Q 2026 and 3Q 2025 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…”
“Second Quarter Enterprise Results In millions except percentages, earnings per share, or otherwise noted [TABLE] Three Months Ended, | Trailing Twelve Months, || 2Q26 | 2Q25 | Change | 2Q26 | 2Q25 |…”
“· Net revenue increased $26.6 million due to favorable market performance and growth in the business.”
“See Exhibit 1 for details on the impact of 4Q 2025 and 4Q 2024 significant variances on net income attributable to PFG; non-GAAP net income attributable to PFG, excluding exited business; and non-GAA…”
“The company has determined these measures are more representative of underlying comparable operating results for the segments.”
“Investment Management Three Months Ended, Trailing Twelve Months, 2Q25 2Q24 % Change 2Q25 2Q24 % Change Pre-tax operating earnings $157.9 $133.6 18% $597.2 $544.7 10% Operating revenues less pass-thr…”
“· Net revenue increased $32.8 million due to favorable market performance and growth in the business, outpacing fee compression.”
“2025 Outlook Guidance ● 2025 outlook consistent with long-term targets: o 9-12% annual non-GAAP operating earnings per diluted share (EPS) growth 3 o 75-85% free capital flow conversion 4 o 14-16% no…”