PFG Principal Financial Group margins

Relative Growth: Rel. Growth: 40

Relative Strength: Rel. Strength: 75

Relative Valuation: Rel. Valuation: 82

Relative Profitability: Rel. Profitability: 57

Gross margin

47.1%

Operating margin

11.9%

EBITDA margin

13.2%

Net margin

9.9%

Based on the latest figures, Principal Financial Group reports a gross margin of 47.1%, an operating margin of 11.9%, an EBITDA margin of 13.2%, and a net margin of 9.9%. The company's available margins all advanced, with operating margin reporting the strongest expansion of 3 percentage points.

PFG margin history

Gross, operating, EBITDA and net margin trends

Looking back over the last 3 years, Principal Financial Group recorded average margins of 43.91% gross, 8.87% operating, 10.24% EBITDA, and 7.41% net. Compared with their three-year averages, all four current margins are higher.

PFG margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by operating and EBITDA margins with an increase of 3 percentage points.

Gross margin expansion

2.6pp

Operating margin expansion

3pp

EBITDA margin expansion

3pp

Net margin expansion

2.4pp

PFG Gross margin

Over the last 3 years, Principal Financial Group's gross margin averaged 43.91%. Right now, Principal Financial Group's current gross margin is 47.1%, which is 3.2 percentage points above its three-year average. During this period, gross margin reached a high of 47.2% in Mar 2026 and a low of 35.3% in Sep 2024.

PFG Operating margin

Over the last 3 years, Principal Financial Group's operating margin averaged 8.87%. Currently, Principal Financial Group's current operating margin is 11.9%, which is 3 percentage points above its three-year average. During this period, operating margin reached a high of 12.1% in Mar 2026 and a low of -2.3% in Sep 2024.

PFG EBITDA margin

Principal Financial Group's EBITDA margin averaged 10.24% during the last 3 years. Compared with its three-year average, Principal Financial Group's current EBITDA margin is 13.2% and is 3 percentage points above its three-year average. Over the last 3 years, Principal Financial Group's EBITDA margin peaked at 13.4% in Mar 2026 and reached a low of -0.9% in Sep 2024.

PFG Net margin

Principal Financial Group's net margin averaged 7.41% during the last 3 years. Compared with its three-year average, Principal Financial Group's current net margin is 9.9% and is 2.5 percentage points above its three-year average. Over the last 3 years, Principal Financial Group's net margin peaked at 10.1% in Mar 2026 and reached a low of -1.5% in Sep 2024.

PFG margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 47.1%, PFG stands lower than the Financial Services sector and the industry average. Looking at the Financial Services sector average of 83.9%, Principal Financial Group's gross margin is 44% lower.

PFG margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Principal Financial Group's gross margin?

As of Jun 30, 2026, PFG has a gross margin of 47.1%.

What is Principal Financial Group's operating margin?

As of Jun 30, 2026, PFG has an operating margin of 11.9%.

What is Principal Financial Group's EBITDA margin?

As of Jun 30, 2026, PFG has an EBITDA margin of 13.2%.

What is Principal Financial Group's net margin?

The current net margin for PFG is 9.9% as of Jun 30, 2026.

What are the average margins of PFG?

Across the last 3 years, PFG averaged 43.9% gross, 8.9% operating, 10.2% EBITDA, and 7.4% net.

What are the highest historical margins of PFG?

Principal Financial Group's highest recorded margins during the past 5 years were 62.4% gross in Dec 2022, 34.5% operating in Sep 2022, 35.7% EBITDA in Sep 2022, and 27.4% net in Sep 2022.

What are the lowest historical margins of PFG?

Within the 5-year period, PFG recorded its lowest margins at 35.3% gross in Sep 2024, -2.3% operating in Sep 2024, -0.9% EBITDA in Sep 2024, and -1.5% net in Sep 2024.