PRINCIPAL FINANCIAL GROUP INC (PFG) closed fiscal year 2025 with a gross margin of 45.2 % and a net margin of 7.6 %.
PRINCIPAL FINANCIAL GROUP INC (PFG) closed fiscal year 2025 with a gross margin of 45.2 % and a net margin of 7.6 %. The free cash flow margin was 28.4 %. Against the previous year the gross margin moved −4.8 pp and the net margin −2.2 pp. Across the period the gross margin ranges between 37.4 % in 2008 and 62.2 % in 2022. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 41.00 % | 37.40 % | 39.72 % | 43.42 % | 46.76 % | 44.40 % | 49.58 % | 50.07 % | 44.02 % | 44.22 % | 44.49 % | 42.46 % | 38.94 % | 43.82 % | 49.69 % | 62.18 % | 43.01 % | 49.95 % | 45.19 % |
| EBITDA margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| EBIT margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net margin (%) | 7.89 % | 4.61 % | 7.04 % | 7.21 % | 7.36 % | 8.75 % | 9.83 % | 10.92 % | 10.31 % | 10.62 % | 16.39 % | 10.86 % | 8.59 % | 9.47 % | 10.95 % | 27.13 % | 4.56 % | 9.74 % | 7.58 % |
| FCF margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 17.43 % | 27.00 % | 28.11 % | 28.41 % |
