Principal Financial Group vs Unum
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The short version
- Principal Financial Group is the larger business, with $15.6B of revenue in fiscal 2025 against $13.1B for Unum.
- Unum grew revenue faster (1.5%, against β3.1%).
- Investors pay more for each dollar of Unumβs earnings: a P/E of 21.0x against 15.6x for Principal Financial Group.
| Latest fiscal year | PFG Β· FY25 | UNM Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $23.9B | $14.4B |
| Revenue | $15.6B | $13.1B |
| Free cash flow | β | $555M |
| Net income | $1.2B | $739M |
| Growth | ||
| Revenue growth | β3.1% | 1.5% |
| 5-year growth | 1.2% | β0.1% |
| Share count change | β4.1% | β8.1% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | β | β |
| Net margin | 7.6% | 5.7% |
| FCF margin | β | 4.3% |
| Return on capital | β | 7.6% |
| Return on equity | β | 6.7% |
| Balance sheet | ||
| Net debt | β$434M | $593M |
| Net debt / EBITDA | β0.2x | 0.5x |
| Dividends and buybacks | $1.6B | $1.3B |
| Valuation & quality | ||
| P/E | 15.6x | 21.0x |
| Piotroski F-score | β | β |
Revenue
FY16
PFG $12.4B
UNM $11.0B
FY17
PFG $14.1B
UNM $11.3B
FY18
PFG $14.2B
UNM $11.6B
FY19
PFG $16.2B
UNM $12.0B
FY20
PFG $14.7B
UNM $13.2B
FY21
PFG $14.4B
UNM $12.0B
FY22
PFG $17.5B
UNM $12.0B
FY23
PFG $13.7B
UNM $12.4B
FY24
PFG $16.1B
UNM $12.9B
FY25
PFG $15.6B
UNM $13.1B
PFG
UNM
Operating margin
FY16
PFG β
UNM β
FY17
PFG β
UNM β
FY18
PFG β
UNM β
FY19
PFG β
UNM β
FY20
PFG β
UNM β
FY21
PFG β
UNM β
FY22
PFG β
UNM β
FY23
PFG β
UNM β
FY24
PFG β
UNM β
FY25
PFG β
UNM β
PFG
UNM
Free cash flow
FY16
PFG β
UNM $1.0B
FY17
PFG β
UNM $1.1B
FY18
PFG β
UNM $1.4B
FY19
PFG β
UNM $1.5B
FY20
PFG β
UNM $350M
FY21
PFG β
UNM $1.3B
FY22
PFG β
UNM $1.3B
FY23
PFG β
UNM $1.1B
FY24
PFG β
UNM $1.4B
FY25
PFG β
UNM $555M
PFG
UNM
Return on capital
FY16
PFG β
UNM 9.7%
FY17
PFG β
UNM 9.9%
FY18
PFG β
UNM 6.1%
FY19
PFG β
UNM 11.1%
FY20
PFG β
UNM 7.8%
FY21
PFG β
UNM 10.9%
FY22
PFG β
UNM 16.7%
FY23
PFG β
UNM 13.1%
FY24
PFG β
UNM 16.6%
FY25
PFG β
UNM 7.6%
PFG
UNM
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.