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TPG Inc.(TPG)Earnings, Financials & Key Ratios
TPG•NASDAQ•Banking & Credit
34.8× P/E·Price updated Jun 19, 2026
AboutTPG Inc. operates as an alternative asset manager worldwide. It offers investment management services to unconsolidated funds, collateralized loan obligations, and other vehicles; monitoring services to portfolio companies; advisory services, debt and equity arrangements, and underwriting and placement services; and capital structuring and other advisory services to portfolio companies. The company invests in private equity funds, real estate funds, fund of hedge funds, and credit funds. TPG Inc. was founded in 1992 and is headquartered in Fort Worth, Texas. TPG Inc. operates as a subsidiary of TPG GP A, LLC.Show more
- Net Interest Income$94M+2063.5%
- Total Revenue$4.67B+77.9%
- Net Income$185M+686.0%
- Return on Equity4.78%+607.2%
- Net Interest Margin0.69%+1633.1%
- Efficiency Ratio82.23%-15.8%
- ROA1.54%+551.0%
- Equity / Assets30.66%-10.1%
- Book Value per Share27.07+174.9%
TPG Key Insights
TPG Inc. (TPG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 8/9
- ✓Well capitalized: 30.7% equity/assets
- ✓Share count reduced 58.1% through buybacks
- ✓Diversified revenue: 98.0% from non-interest income
✗Weaknesses
- ✗Weak 3Y average ROE of 2.6%
- ✗Profits declining 27.6% over 5 years
- ✗Weak NIM of 0.7%
- ✗High cost structure: 82.2% efficiency ratio
- ✗Dividend payout exceeds 100% of earnings
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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TPG Price & Volume
TPG Inc. (TPG) stock price & volume — 10-year historical chart
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TPG Growth Metrics
TPG Inc. (TPG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years15.55%
3 Years45.85%
TTM-
Profit CAGR
10 Years-
5 Years-27.59%
3 Years25.93%
TTM-45.8%
EPS CAGR
10 Years-
5 Years-43.41%
3 Years-
TTM348.41%
Return on Capital
10 Years16.04%
5 Years13.41%
3 Years2.7%
Last Year7.37%
TPG Recent Earnings
TPG Inc. (TPG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 1, 2026Metric
Actual
Est
EPS
$0.70+18.2%
$0.59
Rev
$638M+4.9%
$608M
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$0.71+11.1%
$0.64
Rev
$628M+2.3%
$614M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$0.53-5.7%
$0.56
Rev
$840M+55.6%
$540M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.69+52.8%
$0.45
Rev
$921M+88.8%
$488M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 1, 2026 | $0.70vs $0.59+18.2% | $638Mvs $608M+4.9% |
| Q1 2026 | Feb 5, 2026 | $0.71vs $0.64+11.1% | $628Mvs $614M+2.3% |
| Q4 2025 | Nov 4, 2025 | $0.53vs $0.56-5.7% | $840Mvs $540M+55.6% |
| Q3 2025 | Aug 6, 2025 | $0.69vs $0.45+52.8% | $921Mvs $488M+88.8% |
Based on last 12 quarters of dataView full earnings history →
TPG Peer Comparison
TPG Inc. (TPG) competitors in Alternative asset managers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 KKR | 86.49B | 97.01 | 41.46 | -10.99% | 12.45% | 3.19% | 0.67 | |
 CG | 16.18B | 44.80 | 20.55 | 19.8% | 13.7% | 7.81% | 1.97 | |
 APO | 79.27B | 137.50 | 18.94 | 16.03% | 7.24% | 5.52% | 0.31 | |
 BX | 96.99B | 123.78 | 31.90 | 21.58% | 21.83% | 14.35% | 0.61 | |
 ARES | 42.48B | 129.34 | 65.99 | 66.55% | 9% | 6.25% | 1.71 | |
 BAM | 77.71B | 47.44 | 30.61 | 23.15% | 49.64% | 23.23% | 0.35 | |
 EQT | 31.68B | 50.74 | 15.33 | 73.74% | 33.4% | 12.41% | 0.29 | |
 OWL | 14.9B | 9.53 | 79.42 | 25.04% | 2.96% | 1.43% | 0.64 |
Compare TPG vs Peers
TPG Inc. (TPG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TPG Income Statement
TPG Inc. (TPG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Net Interest Income | 1.2M | -11.59M | -10.57M | -12.44M | 4.09M | -4.77M | 93.62M | 26.74M |
NII Growth % | - | -1070.04% | 8.81% | -17.72% | 132.9% | -216.46% | 2063.51% | 226.75% |
Net Interest Margin % | 0.02% | -0.17% | -0.12% | -0.16% | 0.04% | -0.05% | 0.69% | 0.2% |
Interest Income | 18.99M | 8.12M | 6.46M | 9.17M | 42.62M | 82.74M | 93.62M | 84.37M |
Interest Expense | 17.8M | 19.71M | 17.03M | 21.61M | 38.53M | 87.51M | 0 | 90.37M |
Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | 144.54M | 8.58M |
Non-Interest Income | 2.14B | 2.26B | 5.58B | 1.5B | 1.81B | 2.54B | 4.57B | 3.44B |
Non-Interest Income % | 99.12% | 99.64% | 99.88% | 99.39% | 97.7% | 96.85% | 97.99% | 97.61% |
Total Revenue | 2.15B▲ 0% | 2.27B▲ 5.2% | 5.58B▲ 146.3% | 1.5B▼ 73.0% | 1.86B▲ 23.3% | 2.62B▲ 41.4% | 4.67B▲ 77.9% | 3.53B▲ 0% |
Revenue Growth % | - | 5.18% | 146.29% | -73.05% | 23.35% | 41.37% | 77.91% | 114.18% |
Non-Interest Expense | 950.68M | 797.84M | 899.53M | 1.51B | 1.73B | 2.56B | 3.84B | 2.51B |
Efficiency Ratio | 44.12% | 35.21% | 16.12% | 100.14% | 93.42% | 97.61% | 82.23% | 71.23% |
Operating Income | 1.19B▲ 0% | 1.45B▲ 22.1% | 4.67B▲ 222.0% | -23.75M▼ 100.5% | 83.65M▲ 452.2% | -24.82M▼ 129.7% | 685.07M▲ 2859.7% | 563.9M▲ 0% |
Operating Margin % | 55.05% | 63.92% | 83.58% | -1.58% | 4.51% | -0.95% | 14.68% | 15.99% |
Operating Income Growth % | - | 22.14% | 222.01% | -100.51% | 452.19% | -129.68% | 2859.7% | - |
Pretax Income | 1.19B▲ 0% | 1.45B▲ 22.1% | 4.67B▲ 222.0% | -23.75M▼ 100.5% | 83.65M▲ 452.2% | -24.82M▼ 129.7% | 666.58M▲ 2785.2% | 431.68M▲ 0% |
Pretax Margin % | 55.05% | 63.92% | 83.58% | -1.58% | 4.51% | -0.95% | 14.28% | 12.24% |
Income Tax | 5.69M | 9.78M | 9.04M | 32.48M | 60.27M | 52.09M | 66.99M | 43.2M |
Effective Tax Rate % | 0.48% | 0.68% | 0.19% | -136.76% | 72.05% | -209.84% | 10.05% | 10.01% |
Net Income | 480.51M▲ 0% | 927.58M▲ 93.0% | 2.18B▲ 135.1% | 92.43M▼ 95.8% | 80.09M▼ 13.3% | 23.48M▼ 70.7% | 184.59M▲ 686.0% | 18.08M▲ 0% |
Net Margin % | 22.3% | 40.93% | 39.07% | 6.14% | 4.32% | 0.9% | 3.95% | 0.51% |
Net Income Growth % | - | 93.04% | 135.12% | -95.76% | -13.35% | -70.68% | 686.05% | -45.8% |
Net Income (Continuing) | 1.18B | 1.44B | 4.66B | -56.23M | 23.39M | -76.92M | 599.59M | 388.48M |
EPS (Diluted) | 17.10▲ 0% | 20.84▲ 21.9% | 65.75▲ 215.5% | -0.19▼ 100.3% | 0.22▲ 215.8% | 0.06▼ 70.7% | 1.21▲ 1778.9% | 0.05▲ 0% |
EPS Growth % | - | 21.87% | 215.5% | -100.29% | 215.79% | -70.73% | 1778.88% | 348.41% |
EPS (Basic) | 17.10 | 20.84 | 65.75 | 1.10 | 0.89 | 0.23 | 1.33 | - |
Diluted Shares Outstanding | 69.04M | 69.04M | 70.81M | 308.91M | 317.94M | 364.73M | 152.81M | 383.71M |
TPG Balance Sheet
TPG Inc. (TPG) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 655.38M | 861.92M | 978.1M | 1.11B | 665.19M | 808.02M | 826.11M | 3.87B |
Cash & Due from Banks | 655.38M | 861.92M | 978.1M | 1.11B | 665.19M | 808.02M | 826.11M | 851.4M |
Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Investments | 4.01B | 4.79B | 6.11B | 5.33B | 6.64B | 7.3B | 9.21B | 0 |
Investments Growth % | - | 19.35% | 27.55% | -12.75% | 24.59% | 9.97% | 26.15% | -50.72% |
Long-Term Investments | 4.01B | 4.79B | 6.11B | 5.33B | 6.64B | 7.3B | 9.21B | 24.88B |
Accounts Receivables | 485.12M | 220.07M | 185.32M | 202.64M | 418.98M | 447.01M | 0 | 0 |
Goodwill & Intangibles | 27.67M | 27.65M | 394.75M | 366.38M | 1.09B | 969.79M | 1.16B | 1.12B |
Goodwill | 26.5M | 26.5M | 230.19M | 230.19M | 436.08M | 436.08M | 0 | 498.19M |
Intangible Assets | 1.17M | 1.15M | 164.55M | 136.19M | 649.51M | 533.71M | 1.16B | 623.71M |
PP&E (Net) | 243M | 213.58M | 183.78M | 154.41M | 309.29M | 297.95M | 0 | 584.03M |
Other Assets | 62.09M | 863.04M | 1.09B | 752.05M | 169.55M | 283.62M | 2.3B | 0 |
Total Current Assets | 1.16B | 1.11B | 1.19B | 1.34B | 1.14B | 1.33B | 826.11M | 851.4M |
Total Non-Current Assets | 4.35B | 5.89B | 7.77B | 6.6B | 8.23B | 9.21B | 12.67B | 2.59B |
Total Assets | 5.51B▲ 0% | 7B▲ 27.1% | 8.96B▲ 28.0% | 7.94B▼ 11.4% | 9.37B▲ 18.0% | 10.54B▲ 12.4% | 13.49B▲ 28.1% | 13.31B▲ 0% |
Asset Growth % | - | 27.07% | 28.02% | -11.38% | 17.98% | 12.44% | 28.08% | 88.25% |
Return on Assets (ROA) | 8.72% | 14.83% | 27.32% | 1.09% | 0.93% | 0.24% | 1.54% | 0.14% |
Accounts Payable | 71.55M | 71.95M | 134.35M | 44.19M | 42.56M | 45.61M | 0 | 0 |
Total Debt | 462.29M | 490.63M | 621.45M | 592.45M | 1.26B | 1.58B | 1.72B | 641.99M |
Net Debt | -193.09M | -371.3M | -356.65M | -520.13M | 598.74M | 775.29M | 896.44M | -209.41M |
Long-Term Debt | 462.29M | 490.63M | 621.45M | 592.45M | 1.26B | 1.58B | 1.72B | 0 |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 641.99M |
Other Liabilities | 719.62M | 917.26M | 944.77M | 4.22B | 4.7B | 5.31B | -1.72B | 8.94B |
Total Current Liabilities | 71.55M | 71.95M | 134.35M | 44.19M | 42.56M | 45.61M | 5.4B | 641.99M |
Total Non-Current Liabilities | 1.18B | 1.41B | 1.57B | 4.81B | 5.97B | 6.9B | 0 | 8.94B |
Total Liabilities | 1.25B | 1.48B | 1.7B | 4.86B | 6.01B | 6.94B | 9.36B | 9.58B |
Total Equity | 4.26B▲ 0% | 5.52B▲ 29.7% | 7.26B▲ 31.5% | 3.09B▼ 57.5% | 3.36B▲ 8.9% | 3.59B▲ 6.9% | 4.14B▲ 15.2% | 6.32B▲ 0% |
Equity Growth % | - | 29.72% | 31.53% | -57.5% | 8.92% | 6.87% | 15.16% | 114.74% |
Equity / Assets (Capital Ratio) | 77.25% | 78.86% | 81.02% | 38.86% | 35.87% | 34.1% | 30.66% | 47.46% |
Return on Equity (ROE) | 11.29% | 18.98% | 34.12% | 1.79% | 2.48% | 0.68% | 4.78% | 0.41% |
Book Value per Share | 61.65 | 79.97 | 102.55 | 9.99 | 10.57 | 9.85 | 27.07 | 16.46 |
Tangible BV per Share | 61.25 | 79.57 | 96.97 | 8.80 | 7.16 | 7.19 | 19.49 | 13.54 |
Common Stock | 2.02B | 2.46B | 0 | 309K | 362K | 365K | 1.19B | 384K |
Additional Paid-in Capital | 0 | 0 | 0 | 506.64M | 613.48M | 970.72M | 0 | 0 |
Retained Earnings | 0 | 0 | 0 | 2.72M | -34.68M | -186.98M | 0 | -397.69M |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
TPG Cash Flow Statement
TPG Inc. (TPG) cash flow — operating, investing & free cash flow history
| Metric | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | 828.12M | 95.39M | 1.47B | 1.38B | 720.52M | 532.15M | 1.03B | 1.01B |
Operating CF Growth % | - | -88.48% | 1446.05% | -6.71% | -47.63% | -26.14% | 94.01% | 759.48% |
Net Income | 1.18B | 1.44B | 4.66B | -56.23M | 71.22M | -76.92M | 599.59M | 18.08M |
Depreciation & Amortization | 9.3M | 7.72M | 45.12M | 32.99M | 47.67M | 135.39M | 144.54M | 154.91M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | -1.06B | -675.07M | -4.59B | -252.1M | 234.74M | 1.19B | 1.22B | 541.55M |
Working Capital Changes | 700.67M | -676.19M | 1.36B | 1.02B | -288.03M | -720.58M | -936.52M | -744.78M |
Cash from Investing | 17.4M | -108.1M | -37.74M | -3.01M | -373.56M | -44.47M | -263.96M | -773.87M |
Purchase of Investments | -105.36M | -2.08M | 0 | -109.09M | -303.12M | -862.82M | 0 | -848.52M |
Sale/Maturity of Investments | 130.91M | 9.54M | 0 | 0 | 324.89M | 1.08B | 0 | 238.47M |
Net Investment Activity | 25.55M | 7.45M | 0 | -109.09M | 21.77M | 220.93M | 0 | -610.05M |
Acquisitions | 0 | -7.45M | 24.82M | 0 | -356.83M | -16.33M | -235.15M | -235.15M |
Other Investing | 0 | 7.45M | -60.77M | 108.53M | -21.77M | -220.93M | 0 | 110.05M |
Cash from Financing | -825.39M | 250.33M | -1.32B | -1.24B | -789.23M | -344.86M | -750.36M | -207.49M |
Dividends Paid | -248.26M | -298.58M | -1.07B | -662.81M | -643.22M | -832.49M | -1.23B | -1.3B |
Share Repurchases | 0 | 0 | -304.76M | -352.01M | -661M | -67.67M | 0 | -504.45M |
Stock Issued | 50M | 800M | 935M | 820.62M | 0 | 0 | 0 | 0 |
Net Stock Activity | 50M | 800M | 630.24M | 468.61M | -661M | -67.67M | 0 | -504.45M |
Debt Issuance (Net) | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K |
Other Financing | -677.13M | -301.09M | -1.04B | -223.25M | 13.99M | 204.3M | 30.68M | 845.06M |
Net Change in Cash | 20.14M▲ 0% | 237.63M▲ 1080.1% | 114.51M▼ 51.8% | 134.79M▲ 17.7% | -442.28M▼ 428.1% | 142.82M▲ 132.3% | 18.08M▼ 87.3% | 29.39M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 613.59M | 633.73M | 871.36M | 985.86M | 1.12B | 678.37M | 821.19M | 839.27M |
Cash at End | 633.73M | 871.36M | 985.86M | 1.12B | 678.37M | 821.19M | 839.27M | 864.65M |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24.29M |
Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Free Cash Flow | 819.97M▲ 0% | -20.16M▼ 102.5% | 1.47B▲ 7408.5% | 1.37B▼ 6.8% | 703.79M▼ 48.8% | 504.01M▼ 28.4% | 1B▲ 99.1% | 972.04M▲ 0% |
FCF Growth % | - | -102.46% | 7408.5% | -6.76% | -48.76% | -28.39% | 99.12% | 261.61% |
TPG Banking Ratios
TPG Inc. (TPG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 18.98% | 34.12% | 1.79% | 2.48% | 0.68% | 4.78% | 0.41% |
Return on Assets (ROA) | 14.83% | 27.32% | 1.09% | 0.93% | 0.24% | 1.54% | 0.14% |
Net Interest Margin | -0.17% | -0.12% | -0.16% | 0.04% | -0.05% | 0.69% | 0.2% |
Efficiency Ratio | 35.21% | 16.12% | 100.14% | 93.42% | 97.61% | 82.23% | 71.23% |
Equity / Assets | 78.86% | 81.02% | 38.86% | 35.87% | 34.1% | 30.66% | 47.46% |
Book Value / Share | 79.97 | 102.55 | 9.99 | 10.57 | 9.85 | 27.07 | 16.46 |
NII Growth | -1070.04% | 8.81% | -17.72% | 132.9% | -216.46% | 2063.51% | 335.38% |
Dividend Payout | 32.19% | 48.91% | 717.13% | 803.13% | 3545.08% | 665.83% | 5355.5% |
Related:TPG Dividend History·TPG Revenue History·TPG Price History·TPG P/E History·TPG Financial Ratios·TPG Institutional Holders
TPG SEC Filings & Documents
TPG Inc. (TPG) SEC filings — annual & quarterly reports (10-K, 10-Q)
TPG Frequently Asked Questions
TPG Inc. (TPG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
TPG Inc. (TPG) grew revenue by 77.9% over the past year. This is strong growth.
Yes, TPG Inc. (TPG) is profitable, generating $18.1M in net income for fiscal year 2025 (4.0% net margin).
Dividend & Returns
Yes, TPG Inc. (TPG) pays a dividend with a yield of 19.13%. This makes it attractive for income-focused investors.
TPG Inc. (TPG) has a return on equity (ROE) of 4.8%. This is below average, suggesting room for improvement.
Industry Metrics
TPG Inc. (TPG) has a net interest margin (NIM) of 0.7%. NIM has been under pressure due to interest rate environment.
TPG Inc. (TPG) has an efficiency ratio of 82.2%. This is higher than peers, suggesting room for cost optimization.