# Principal Financial Group Returns

NASDAQ: PFG · Reporting currency: USD

[Interactive page](https://beanvest.com/stock/pfg/returns) · [JSON with these options](https://beanvest.com/stock/pfg/returns.json?range=5Y&deductSbc=false&limit=200&offset=0&frequency=quarterly&wacc=7.7) · [Raw filing inputs](https://beanvest.com/api/v2/financials/pfg)

Frequency: quarterly. Newest first. Retrieved: 2026-09-28T18:23:16.063Z.
Coverage: 2009-06-30 to 2026-06-30. Rows 1–69 of 69.
Snapshot checked: 2026-10-18T16:48:35.628Z. Last validated: 2026-10-18T16:48:35.628Z.

## Definitions

- **ROIC** (`roic`, percent): 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** (`roce`, percent): Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- **ROIIC** (`roiic`, percent): 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** (`roe`, percent): Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- **ROA** (`roa`, percent): Net income / average total assets × 100, using period end and one year earlier.
- **ROIC − WACC** (`roic_wacc`, percentage_points): 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.

## Values

| Period | End date | ROIC (percent) | ROCE (percent) | ROIIC (percent) | ROE (percent) | ROA (percent) | ROIC − WACC (percentage_points) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 2026-Q2 | 2026-06-30 | Unavailable | Unavailable | Unavailable | 13.233664854126609 | 0.4612816248902689 | Unavailable |
| 2026-Q1 | 2026-03-31 | Unavailable | Unavailable | Unavailable | 13.56020510504904 | 0.48368627419399296 | Unavailable |
| 2025-Q4 | 2025-12-31 | Unavailable | Unavailable | Unavailable | 10.31854176915408 | 0.3618404430507384 | Unavailable |
| 2025-Q3 | 2025-09-30 | Unavailable | Unavailable | Unavailable | 13.740618000340568 | 0.47874076119324654 | Unavailable |
| 2025-Q2 | 2025-06-30 | Unavailable | Unavailable | Unavailable | 10.16287167780567 | 0.36073242260292326 | Unavailable |
| 2025-Q1 | 2025-03-31 | Unavailable | Unavailable | Unavailable | 9.700789651062614 | 0.3495650864711941 | Unavailable |
| 2024-Q4 | 2024-12-31 | Unavailable | Unavailable | Unavailable | 14.280260335236155 | 0.5078305630276398 | Unavailable |
| 2024-Q3 | 2024-09-30 | Unavailable | Unavailable | Unavailable | -1.8814185950979052 | -0.06748463545772412 | Unavailable |
| 2024-Q2 | 2024-06-30 | Unavailable | Unavailable | Unavailable | 11.799849236114037 | 0.41453098718641657 | Unavailable |
| 2024-Q1 | 2024-03-31 | Unavailable | Unavailable | Unavailable | 12.10835661623854 | 0.426185721660072 | Unavailable |
| 2023-Q4 | 2023-12-31 | Unavailable | Unavailable | Unavailable | 5.958590093557131 | 0.20867714528191925 | Unavailable |
| 2023-Q3 | 2023-09-30 | Unavailable | Unavailable | Unavailable | 14.767022239012217 | 0.5207100923599624 | Unavailable |
| 2023-Q2 | 2023-06-30 | Unavailable | Unavailable | Unavailable | 15.197392113669423 | 0.5485079432707677 | Unavailable |
| 2023-Q1 | 2023-03-31 | Unavailable | Unavailable | Unavailable | 38.84424950826343 | 1.4537013236557543 | Unavailable |
| 2022-Q4 | 2022-12-31 | Unavailable | Unavailable | Unavailable | 36.91136929396919 | 1.6122049908794955 | Unavailable |
| 2022-Q3 | 2022-09-30 | Unavailable | Unavailable | Unavailable | 41.48544689989771 | 1.8204643596009553 | Unavailable |
| 2022-Q2 | 2022-06-30 | Unavailable | Unavailable | Unavailable | 31.296777765961735 | 1.4334573369834043 | Unavailable |
| 2022-Q1 | 2022-03-31 | Unavailable | Unavailable | Unavailable | 11.512245862191472 | 0.5346634578457358 | Unavailable |
| 2021-Q4 | 2021-12-31 | Unavailable | Unavailable | Unavailable | 10.485376191833467 | 0.5689815260619383 | Unavailable |
| 2021-Q3 | 2021-09-30 | Unavailable | Unavailable | Unavailable | 10.790124079491578 | 0.5928022706190514 | Unavailable |
| 2021-Q2 | 2021-06-30 | Unavailable | Unavailable | Unavailable | 10.08698635794664 | 0.553642365167159 | Unavailable |
| 2021-Q1 | 2021-03-31 | Unavailable | Unavailable | Unavailable | 11.458340691555117 | 0.5986671913606132 | Unavailable |
| 2020-Q4 | 2020-12-31 | Unavailable | Unavailable | Unavailable | 8.954065349665937 | 0.48743224166274524 | Unavailable |
| 2020-Q3 | 2020-09-30 | Unavailable | Unavailable | Unavailable | 8.038719294962092 | 0.4461630198978283 | Unavailable |
| 2020-Q2 | 2020-06-30 | Unavailable | Unavailable | Unavailable | 8.642725887874088 | 0.46926398769795447 | Unavailable |
| 2020-Q1 | 2020-03-31 | Unavailable | Unavailable | Unavailable | 9.78989840597768 | 0.49501919522645393 | Unavailable |
| 2019-Q4 | 2019-12-31 | Unavailable | Unavailable | Unavailable | 10.721316517994465 | 0.5371357396567563 | Unavailable |
| 2019-Q3 | 2019-09-30 | Unavailable | Unavailable | Unavailable | 10.034333144689683 | 0.5027630607147455 | Unavailable |
| 2019-Q2 | 2019-06-30 | Unavailable | Unavailable | Unavailable | 11.755082963309182 | 0.5803600616896977 | Unavailable |
| 2019-Q1 | 2019-03-31 | Unavailable | Unavailable | Unavailable | 12.694674313641169 | 0.615643816157444 | Unavailable |
| 2018-Q4 | 2018-12-31 | Unavailable | Unavailable | Unavailable | 12.7602694797292 | 0.6223624298333142 | Unavailable |
| 2018-Q3 | 2018-09-30 | Unavailable | Unavailable | Unavailable | 18.160795368229163 | 0.8497866257581776 | Unavailable |
| 2018-Q2 | 2018-06-30 | Unavailable | Unavailable | Unavailable | 21.972693073300768 | 1.0184905107668154 | Unavailable |
| 2018-Q1 | 2018-03-31 | Unavailable | Unavailable | Unavailable | 20.686751743191685 | 0.9648510372956203 | Unavailable |
| 2017-Q4 | 2017-12-31 | Unavailable | Unavailable | Unavailable | 20.023746999124654 | 0.9587607154602449 | Unavailable |
| 2017-Q3 | 2017-09-30 | Unavailable | Unavailable | Unavailable | 15.678118555570181 | 0.7555071992292722 | Unavailable |
| 2017-Q2 | 2017-06-30 | Unavailable | Unavailable | Unavailable | 11.857225929720597 | 0.563350971152225 | Unavailable |
| 2017-Q1 | 2017-03-31 | Unavailable | Unavailable | Unavailable | 12.560933695425918 | 0.5816371124736793 | Unavailable |
| 2016-Q4 | 2016-12-31 | Unavailable | Unavailable | Unavailable | 13.475681844934975 | 0.5894333604507006 | Unavailable |
| 2016-Q3 | 2016-09-30 | Unavailable | Unavailable | Unavailable | 12.26653081817692 | 0.5639250403268324 | Unavailable |
| 2016-Q2 | 2016-06-30 | Unavailable | Unavailable | Unavailable | 12.32401166735172 | 0.5609135750740606 | Unavailable |
| 2016-Q1 | 2016-03-31 | Unavailable | Unavailable | Unavailable | 11.367168030023162 | 0.5382387915964213 | Unavailable |
| 2015-Q4 | 2015-12-31 | Unavailable | Unavailable | Unavailable | 12.40587619770615 | 0.5637626266952568 | Unavailable |
| 2015-Q3 | 2015-09-30 | Unavailable | Unavailable | Unavailable | 12.299929276159045 | 0.5839437020279851 | Unavailable |
| 2015-Q2 | 2015-06-30 | Unavailable | Unavailable | Unavailable | 11.608742386241492 | 0.5488966007176692 | Unavailable |
| 2015-Q1 | 2015-03-31 | Unavailable | Unavailable | Unavailable | 12.068298179858406 | 0.58392100510781 | Unavailable |
| 2014-Q4 | 2014-12-31 | Unavailable | Unavailable | Unavailable | 11.184707220583645 | 0.535529060209924 | Unavailable |
| 2014-Q3 | 2014-09-30 | Unavailable | Unavailable | Unavailable | 10.963112662543125 | 0.5337348861615909 | Unavailable |
| 2014-Q2 | 2014-06-30 | Unavailable | Unavailable | Unavailable | 10.95243895012484 | 0.5403594200103656 | Unavailable |
| 2014-Q1 | 2014-03-31 | Unavailable | Unavailable | Unavailable | 10.09664409101286 | 0.5033537497135622 | Unavailable |
| 2013-Q4 | 2013-12-31 | Unavailable | Unavailable | Unavailable | 9.051622130531861 | 0.4931941956873742 | Unavailable |
| 2013-Q3 | 2013-09-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2013-Q2 | 2013-06-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2013-Q1 | 2013-03-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2012-Q4 | 2012-12-31 | Unavailable | Unavailable | Unavailable | 7.972068364431515 | 0.5195592224340759 | Unavailable |
| 2012-Q3 | 2012-09-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2012-Q2 | 2012-06-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2012-Q1 | 2012-03-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2011-Q4 | 2011-12-31 | Unavailable | Unavailable | Unavailable | 7.043708171527721 | 0.4865118833079134 | Unavailable |
| 2011-Q3 | 2011-09-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2011-Q2 | 2011-06-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2011-Q1 | 2011-03-31 | Unavailable | Unavailable | Unavailable | 7.168466430492125 | 0.4960705497901427 | Unavailable |
| 2010-Q4 | 2010-12-31 | Unavailable | Unavailable | Unavailable | 7.562438639600938 | 0.49352395369640123 | Unavailable |
| 2010-Q3 | 2010-09-30 | Unavailable | Unavailable | Unavailable | 6.997161604670138 | 0.4604821103839571 | Unavailable |
| 2010-Q2 | 2010-06-30 | Unavailable | Unavailable | Unavailable | 8.908216920688972 | 0.5155944693495885 | Unavailable |
| 2010-Q1 | 2010-03-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2009-Q4 | 2009-12-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2009-Q3 | 2009-09-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| 2009-Q2 | 2009-06-30 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |

## Unavailable values

- roic: Not applicable to banks and insurers: these ratios use an industrial-company capital model.
- roce: Not applicable to banks and insurers: these ratios use an industrial-company capital model.
- roiic: Not applicable to banks and insurers: these ratios use an industrial-company capital model.
- roic_wacc: Not applicable to banks and insurers: these ratios use an industrial-company capital model.
- roe: A complete trailing 12-month reporting basis is unavailable.
- roa: A complete trailing 12-month reporting basis is unavailable.
- roe: The matching period one year earlier is unavailable.
- roa: The matching period one year earlier is unavailable.

WACC scenario: 7.7%. Default: 7.7% (US nonfinancial market · generic proxy). [NYU Stern · January 2026](https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/wacc.html).

## Sources

- [sec-0001126328-4e877284132e](https://data.sec.gov/api/xbrl/companyfacts/CIK0001126328.json) · Retrieved 2026-09-28T07:37:41.538Z · SHA-256 4e877284132e01a1220db032ec6b1dee886b5e88920b4a04cba058047f0bfae8
- [inline-0001126328-7af81bef71b0](https://www.sec.gov/Archives/edgar/data/1126328/000110465926017031/pfg-20251231x10k.htm) · Retrieved 2026-09-28T16:19:30.195Z · SHA-256 7af81bef71b047aeac90023ed882b353ceb5f32890fe117ea7326f116c77384f
- [inline-0001126328-866016eb50a6](https://www.sec.gov/Archives/edgar/data/1126328/000110465926088071/pfg-20260630x10q.htm) · Retrieved 2026-09-28T07:37:41.538Z · SHA-256 866016eb50a6055a4db2fc9fef6ff9acc36b97243bd6481ec7d6234dcb290dfb
- [inline-0001126328-debf1a25cd78](https://www.sec.gov/Archives/edgar/data/1126328/000110465924025516/pfg-20231231x10k.htm) · Retrieved 2026-10-17T11:16:12.663Z · SHA-256 debf1a25cd78044fbae85d516582125496ccd394f60f1606fe425cc76f11c377
- [inline-0001126328-2e717410c7c9](https://www.sec.gov/Archives/edgar/data/1126328/000110465926017031/pfg-20251231x10k.htm) · Retrieved 2026-10-18T00:33:29.591Z · SHA-256 2e717410c7c962f92f38c8d73d8f1ae461873319da6ba2e43bb1e063340ce919
- [inline-0001126328-4dc4e5cd2b3a](https://www.sec.gov/Archives/edgar/data/1126328/000110465924025516/pfg-20231231x10k.htm) · Retrieved 2026-10-18T12:31:13.929Z · SHA-256 4dc4e5cd2b3ac131fa5a372268415e25ea978b7f5068d8d79de949c5eda11570

## Data conventions

- Null means an unavailable input or undefined calculation, never zero. Values are unrounded; money and shares are in millions unless a column states otherwise.
- Fiscal periods use actual reporting start/end dates. Annual reported values are not constructed by adding quarterly EPS or weighted share counts. Partial years are labelled.
- FCF uses operating cash flow minus reported cash capital investment, preferring PPE purchases. The productive-assets fallback can also include software and intangibles. Acquisitions and noncash leases are excluded. Deduct SBC is an optional economic-cost scenario; missing SBC remains unavailable.
- SBC / FCF and SBC / OCF compare amounts from the same fiscal period. SBC / FCF always uses FCF before SBC deduction; nonpositive denominators are undefined and values above 100% remain valid.
- Capital allocation percentages describe available tracked cash uses, not all company spending or a fraction of OCF. Missing categories remain null, negative payments are excluded and SBC is noncash. Annual shares use reported annual amounts.
- Valuation uses completed, split-adjusted closes without dividend adjustment and a complete trailing year. Financial bases become eligible after publication; selected facts can contain later restatements. This is not a vintage-filings backtest.
- Mean and median use all valid observations in the selected date range before pagination. Historical pricing labels compare the latest positive value with its own median and do not estimate intrinsic fair value.
- Reporting currencies are retained without conversion. USD market capitalization, where available, is a separate dated Nasdaq snapshot.
- WACC is an editable US industry scenario across history, not a historical company cost of capital. Industry exclusions, missing inputs and pending filings remain explicit.