Prudential Financials

PUK

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Prudential (PUK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PUK FY2025 2026-04-22

Profit recovery is being amplified by a thin equity base, so modest asset returns are producing much stronger equity economics.

From FY2023 to FY2025, revenue increased modestly while net income climbed from $1.7B to $4.1B. With return on assets moving only from 1.0% to 1.9%, the rebound looks like better profit extraction from a very large asset base rather than simple balance-sheet expansion.

FY2025 assets were roughly 10x equity, leaving a thin equity layer beneath the business. In that structure, a modest return on assets of 1.9% becomes 19.3% on equity, which explains why profitability can swing sharply even when asset returns look small.

Cash of $7.7B is meaningful in absolute terms but small beside $190.8B of liabilities, so excess cash is not the main buffer; the model relies more on the wider balance sheet continuing to earn adequately. This is also a capital-light physical model: capital expenditures were only $104M, while capital returns included $1.2B of buybacks that pushed share count down over the last two years.

Financial Health Signals

Financial Profile 16/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Prudential's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Prudential's revenue grew 7.0% year-over-year to $11.5B, a solid pace of expansion. This earns a growth score of 48/100.

Leverage

Prudential has elevated debt relative to equity (D/E of 8.93), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Returns

Prudential's ROE of 19.3% shows moderate profitability relative to equity, earning a score of 45/100. This is up from 12.9% the prior year.

Piotroski F-Score Weak

3/9

Prudential passes 3 of 9 financial strength tests. All 2 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Key Financial Metrics

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Earnings & Revenue

Revenue

$11.5B

YoY+7.0%

5Y CAGR-12.6%

Prudential generated $11.5B in revenue in fiscal year 2025. This represents an increase of 7.0% from the prior year.

EBITDA

N/A

Net Income

$4.1B

YoY+70.6%

5Y CAGR+13.5%

Prudential reported $4.1B in net income in fiscal year 2025. This represents an increase of 70.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$7.7B

YoY+33.5%

5Y CAGR-0.8%

Prudential held $7.7B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

2.55B

YoY-4.1%

5Y CAGR-0.5%

Prudential had 2.55B shares outstanding in fiscal year 2025. This represents a decrease of 4.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

35.9%

YoY+13.4pp

5Y CAGR+26.1pp

Prudential's net profit margin was 35.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 13.4 percentage points from the prior year.

Return on Equity

19.3%

YoY+6.3pp

5Y CAGR+9.4pp

Prudential's ROE was 19.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 6.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.2B

YoY+40.5%

Prudential spent $1.2B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 40.5% from the prior year.

Capital Expenditures

$104.0M

YoY+3.0%

5Y CAGR+12.8%

Prudential invested $104.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 3.0% from the prior year.

PUK Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$11.5B+7.0%	$10.7B+10.3%	$9.7B+8.4%	$9.0B-61.0%	$23.0B+2.4%	$22.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	$16.0M
Income Tax	$1.0B+21.6%	$824.0M+47.1%	$560.0M+17.2%	$478.0M-40.5%	$804.0M+13.1%	$711.0M
Net Income	$4.1B+70.6%	$2.4B+41.1%	$1.7B+271.7%	-$997.0M+64.6%	-$2.8B-228.7%	$2.2B
EPS (Diluted)	N/A	N/A	$0.62+268.2%	$-0.37-144.1%	$0.83-11.8%	$0.95

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PUK Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$212.2B+16.7%	$181.9B+4.5%	$174.1B+8.6%	$160.2B-14.9%	$188.2B-63.5%	$516.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$7.7B+33.5%	$5.8B+21.5%	$4.8B-13.8%	$5.5B-23.1%	$7.2B-10.6%	$8.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$902.0M+6.4%	$848.0M-5.4%	$896.0M+0.7%	$890.0M-1.9%	$907.0M-5.6%	$961.0M
Total Liabilities	$190.8B+16.9%	$163.2B+4.6%	$156.1B+8.9%	$143.4B-15.2%	$169.1B-65.8%	$494.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	$6.1B-4.0%	$6.4B
Total Equity	$21.4B+14.4%	$18.7B+3.8%	$18.0B+6.4%	$16.9B-11.6%	$19.1B-13.6%	$22.1B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Total Assets	$212.2B+16.7%	$181.9B+4.5%	$174.1B+8.6%	$160.2B-4.0%	$166.9B-11.3%	$188.2B-64.2%	$525.1B+1.7%	$516.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$7.7B+33.5%	$5.8B+21.5%	$4.8B-13.8%	$5.5B-14.0%	$6.4B-10.5%	$7.2B+13.9%	$6.3B-21.5%	$8.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$902.0M+6.4%	$848.0M-5.4%	$896.0M+0.7%	$890.0M+2.2%	$871.0M-4.0%	$907.0M-2.1%	$926.0M-3.6%	$961.0M
Total Liabilities	$190.8B+16.9%	$163.2B+4.6%	$156.1B+8.9%	$143.4B-4.8%	$150.6B-10.9%	$169.1B-66.8%	$508.9B+3.0%	$494.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$6.1B	N/A	$6.4B
Total Equity	$21.4B+14.4%	$18.7B+3.8%	$18.0B+6.4%	$16.9B+3.8%	$16.3B-14.9%	$19.1B+17.8%	$16.2B-26.7%	$22.1B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PUK Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	$104.0M+3.0%	$101.0M+129.5%	$44.0M+29.4%	$34.0M-5.6%	$36.0M-36.8%	$57.0M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	$594.0M+7.6%	$552.0M+3.6%	$533.0M+12.4%	$474.0M+12.6%	$421.0M-48.3%	$814.0M
Share Buybacks	$1.2B+40.5%	$878.0M	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PUK Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	35.9%+13.4pp	22.5%+4.9pp	17.6%+28.7pp	-11.1%+1.1pp	-12.2%-21.9pp	9.7%
Return on Equity	19.3%+6.3pp	12.9%+3.4pp	9.5%+15.4pp	-5.9%+8.8pp	-14.7%-24.6pp	9.9%
Return on Assets	1.9%+0.6pp	1.3%+0.3pp	1.0%+1.6pp	-0.6%+0.9pp	-1.5%-1.9pp	0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.93+0.2	8.74+0.1	8.68+0.2	8.48+8.2	0.32+0.0	0.29
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q2'22	Q4'21	Q2'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.93+0.2	8.74+0.1	8.68+0.2	8.48-0.8	9.26+8.9	0.32-31.0	31.37+31.1	0.29
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Prudential's annual revenue?

Prudential (PUK) reported $11.5B in total revenue for fiscal year 2025. This represents a 7.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Prudential's revenue growing?

Prudential (PUK) revenue grew by 7% year-over-year, from $10.7B to $11.5B in fiscal year 2025.

Is Prudential profitable?

Yes, Prudential (PUK) reported a net income of $4.1B in fiscal year 2025, with a net profit margin of 35.9%.

What is Prudential's net profit margin?

Prudential (PUK) had a net profit margin of 35.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Prudential's return on equity (ROE)?

Prudential (PUK) has a return on equity of 19.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What are Prudential's total assets?

Prudential (PUK) had $212.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Prudential's capital expenditures?

Prudential (PUK) invested $104.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Prudential buy back shares?

Yes, Prudential (PUK) spent $1.2B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Prudential have outstanding?

Prudential (PUK) had 2.55B shares outstanding as of fiscal year 2025.

What is Prudential's debt-to-equity ratio?

Prudential (PUK) had a debt-to-equity ratio of 8.93 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Prudential's return on assets (ROA)?

Prudential (PUK) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Prudential's Piotroski F-Score?

Prudential (PUK) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

How financially healthy is Prudential?

Prudential (PUK) scores 16 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.