Principal Financial Group
Principal Financial Group returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
ROCE
% · Annual / TTM
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
ROIIC
% · Annual / TTM
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Not applicable to banks and insurers: these ratios use an industrial-company capital model.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | 13.23% | 0.46% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | 13.56% | 0.48% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | 10.32% | 0.36% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | 13.74% | 0.48% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | 10.16% | 0.36% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 9.7% | 0.35% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 14.28% | 0.51% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | — | — | -1.88% | -0.07% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | — | — | 11.8% | 0.41% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | — | — | 12.11% | 0.43% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | — | — | 5.96% | 0.21% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | — | — | 14.77% | 0.52% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | — | — | 15.2% | 0.55% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | — | — | 38.84% | 1.45% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | 36.91% | 1.61% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | 41.49% | 1.82% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | 31.3% | 1.43% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | 11.51% | 0.53% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | — | — | 10.49% | 0.57% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | 10.79% | 0.59% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | 10.09% | 0.55% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 11.46% | 0.6% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 8.95% | 0.49% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 8.04% | 0.45% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 8.64% | 0.47% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 9.79% | 0.5% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 10.72% | 0.54% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 10.03% | 0.5% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | 11.76% | 0.58% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 12.69% | 0.62% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 12.76% | 0.62% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | 18.16% | 0.85% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 21.97% | 1.02% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 20.69% | 0.96% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | 20.02% | 0.96% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | 15.68% | 0.76% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | 11.86% | 0.56% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | 12.56% | 0.58% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | 13.48% | 0.59% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | 12.27% | 0.56% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | 12.32% | 0.56% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | 11.37% | 0.54% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | 12.41% | 0.56% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | 12.3% | 0.58% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | 11.61% | 0.55% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | 12.07% | 0.58% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | 11.18% | 0.54% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | 10.96% | 0.53% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | 10.95% | 0.54% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | 10.1% | 0.5% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | 9.05% | 0.49% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | — | — | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | — | — | — |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | — | — | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | 7.97% | 0.52% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | — | — | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | — | — | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | — | — | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | 7.04% | 0.49% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | 7.17% | 0.5% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | 7.56% | 0.49% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | 7% | 0.46% | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | 8.91% | 0.52% | — |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · PFG, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.