TPG RE Finance Trust, Inc. (TRTX) Earnings History
Annual and quarterly earnings data from 2015 to 2025
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TRTX EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
TRTX Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 79.3% | 73.0% | 18.1% |
| 2024 | 76.1% | 50.2% | 49.9% |
| 2023 | - | - | - |
| 2022 | 46.8% | 28.8% | -19.6% |
| 2021 | 90.4% | 86.8% | 57.6% |
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TPG RE Finance Trust, Inc. (TRTX) Earnings Overview
As of May 8, 2026, TPG RE Finance Trust, Inc. (TRTX) reported trailing twelve-month net income of $61M, reflecting -26.0% year-over-year growth. The company earned $0.78 per diluted share over the past four quarters, with a net profit margin of 18.1%.
Looking at the long-term picture, TRTX's historical earnings data spans multiple years. The company achieved its highest annual net income of $139M in fiscal 2021.
TPG RE Finance Trust, Inc. maintains industry-leading profitability with a gross margin of 79.3%, operating margin of 73.0%, and net margin of 18.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including BXMT ($104M net income, 7.2% margin), KREF (-$104M net income, -10.3% margin), ACRE (-$20M net income, -1.1% margin), TRTX has outperformed on profitability metrics. Compare TRTX vs BXMT →
TRTX Earnings vs Peers
Earnings metrics vs comparable public companies
TRTX Historical Earnings Data (2015–2025)
11 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $60M | -18.9% | $243M | $0.57 | 18.1% | 73.0% |
| 2024 | $74M | +163.7% | $75M | $0.77 | 49.9% | 50.2% |
| 2023 | -$117M | -94.2% | -$123M | $-1.69 | - | - |
| 2022 | -$60M | -143.4% | $88M | $-0.95 | -19.6% | 28.8% |
| 2021 | $139M | +201.3% | $209M | $0.87 | 57.6% | 86.8% |
| 2020 | -$137M | -208.3% | -$29M | $-2.03 | -169.3% | -36.2% |
| 2019 | $126M | +18.1% | $127M | $1.74 | 76.6% | 77.0% |
| 2018 | $107M | +13.3% | $233M | $1.70 | 77.4% | 168.8% |
| 2017 | $94M | +34.9% | $173M | $1.56 | 79.1% | 144.9% |
| 2016 | $70M | +17.9% | $132M | $1.15 | 78.8% | 148.3% |
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Start ComparisonTRTX — Frequently Asked Questions
Quick answers to the most common questions about buying TRTX stock.
Is TRTX growing earnings?
TRTX EPS fell to $0.78, with earnings declining -26.0%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $61M.
What are TRTX's profit margins?
TPG RE Finance Trust, Inc. net margin is +18.1%, with operating margin at +73.0%. Above-average margins indicate pricing power.
How consistent are TRTX's earnings?
TRTX earnings data spans 2015-2025. The declining earnings trend is -26.0% YoY. Historical data enables comparison across business cycles.