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TPG RE Finance Trust, Inc.

TRTX

$8.07 ▲ +0.18 (+2.28%) at close

12 Visible periods

33 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Moderately Bullish

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Analytical Summary

TPG RE Finance Trust, Inc. shows strong fundamentals with top-quartile Profit Margin (%) and Operating Margin (%). Overall, the data suggests a moderately positive outlook with manageable risks.

Market Cap $639.9M

Dividend Yield 11.90%

Revenue Growth -4.6% ↘

Op. Margin 41.5% ↘

ROIC None

FCF / Share None

Trailing P/E 14.2x

Price / Book 0.6x

FCF Yield —

Debt / Equity 3.10

info Valuation on last close. End-of-day price, Aug 7, 2026.

12-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$146.12M

↓ -4.6% —

Net Income Profit after all expenses

$60.32M

↓ -18.9% —

Operating Margin Operating profit as % of sales

41.5%

↓ -14.9% 94th

Long-Term Debt Long-term obligations

$3.31B

↑ +28.7% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↓

Returns ↓

Financial Health ↑

Dividend History

Dividend / share · sourced from SEC filings

$0.96 Latest / share

+0.0% YoY

-6.6% 11-yr CAGR

FY 2014

$1.91

FY 2015

$1.62

FY 2016

$1.56

FY 2017

$1.71

FY 2018

$1.72

FY 2019

$1.21

FY 2020

$0.95

FY 2021

$0.96

FY 2022

$0.96

FY 2023

$0.96

FY 2024

$0.96

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Revenue Growth YoY (%)	-4.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-191%)	31.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+531%)	-19.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-494%)	-6.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-237%)	-12.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-341%)	6.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+23%)	18.4% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+267%)	15.2% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+203%)	32.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+548%)	13.9% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+178%)	—	—
EPS Growth YoY (%)	-24.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	-77.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	1.8% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	-2.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	3.0% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	-6.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-18.9% Weak Weak Year-over-year change in net income	N/M	-94.2% Weak Weak Year-over-year change in net income	N/M	N/M	N/M	18.1% Good ↓ Good Declining Year-over-year change in net income	13.3% Fair ↓ Fair Declining Year-over-year change in net income	34.9% Excellent Excellent Year-over-year change in net income	17.9% Good Good Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	0.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-0.5% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-13.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-4.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.4% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	13.1% Good ↓ Good Declining Compound annual revenue growth over 3 years	21.7% Excellent Excellent Compound annual revenue growth over 3 years	20.2% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	-3.8% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-1.7% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-3.7% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	3.5% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	11.0% Good Good Compound annual revenue growth over 5 years	16.9% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	-6.6% Weak Weak Compound annual EPS growth over 3 years	—	—	-18.5% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	0.8% Caution Caution Compound annual EPS growth over 3 years	-2.1% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Operating Margin (%) (%)	41.5% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+38%)	48.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+63%)	-100.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-433%)	-41.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-237%)	89.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+199%)	-77.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-357%)	76.1% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+154%)	76.2% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+154%)	77.2% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+157%)	75.7% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+152%)	75.1% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+150%)	—
Effective Tax Rate (%) (%)	0.6% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	41.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+65%)	48.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+94%)	-100.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-501%)	-41.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-266%)	89.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+256%)	-77.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-409%)	75.8% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+203%)	75.9% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+204%)	77.1% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+209%)	75.7% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+203%)	73.2% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+193%)	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	1.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-1.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-2.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	2.8% Weak Weak Operating profit relative to total assets Optimal: > 10%	2.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	5.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	6.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-17%)	-10.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-230%)	-4.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-157%)	9.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+18%)	-10.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-235%)	8.4% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	8.1% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	7.9% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	7.2% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-10%)	8.3% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Debt to Equity (x)	3.10x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+210%)	2.31x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+131%)	2.71x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+171%)	3.16x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+216%)	2.54x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+154%)	—	—	—	—	—	—	—
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD)	$3.22B	$2.38B	$2.84B	$3.93B	$3.46B	$-319.67M	$-79.18M	$-39.72M	$-75.04M	$-103.13M	—	—
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Revenue per Share (USD)	$1.84	$1.92	$1.50	$1.88	$2.02	$2.31	$2.29	$2.23	$2.26	$2.23	$2.47	—
Basic EPS, GAAP (USD)	$0.57	$0.75	$-1.69	$-0.95	$0.92	$-2.03	$1.73	$1.70	$1.74	$1.69	$1.81	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$0.96	$0.96	$0.96	$0.96	$0.95	$1.21	$1.72	$1.71	$1.56	$1.62	$1.91	—
Book Value per Share (USD)	$13.64	$13.75	$14.44	$17.08	$18.98	$16.50	$20.08	$20.10	$20.21	$20.54	$21.79	—
Tangible Book Value per Share (USD)	$13.64	$13.75	$14.44	$17.08	$18.98	$16.50	$20.08	$20.10	$20.21	$20.54	$21.79	—
Basic Weighted Avg Shares (shares)	79.30M	79.80M	77.58M	77.30M	76.98M	76.66M	72.74M	63.03M	54.19M	41.41M	32.87M	—
Dividend Payout Ratio (%)	168.4% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	128.0% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-56.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-101.1% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	103.3% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-59.6% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	99.4% Weak → Weak Stable Dividends paid as a percentage of earnings Optimal: 30-60%	100.6% Weak → Weak Stable Dividends paid as a percentage of earnings Optimal: 30-60%	89.7% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	95.9% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	105.5% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
LT Debt (USD)	$3.31B	$2.57B	$3.05B	$4.18B	$3.72B	—	—	—	—	—	—	—
Total Equity (USD)	$1.07B	$1.11B	$1.12B	$1.32B	$1.46B	$1.27B	$1.50B	$1.33B	$1.20B	$970.69M	$716.35M	$588.39M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Sales/Revenue/Turnover (USD)	$146.12M	$153.12M	$116.39M	$144.95M	$155.63M	$176.97M	$166.73M	$140.88M	$122.33M	$92.40M	$81.14M	—
Depreciation Expense (USD)	$7.70M	$6.00M	$1.00M	—	—	—	—	—	—	—	—	—
Net Income, GAAP (USD)	$60.32M	$74.33M	$-116.63M	$-60.07M	$138.55M	$-136.83M	$126.31M	$106.94M	$94.35M	$69.97M	$59.35M	—
Operating Cash Flow (USD)	$90.36M	$112.13M	$80.13M	$100.50M	$132.17M	$132.09M	$121.67M	$107.70M	$91.17M	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 12 years · 42 quarters

TPG RE Finance Trust, Inc.

Analytical Summary

12-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

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