Claros Mortgage Trust vs TPG RE Finance Trust
Claros Mortgage Trust is the larger business, with $188m of revenue in fiscal 2025 against $146m for TPG RE Finance Trust (1.3 times as much). TPG RE Finance Trust grew faster (-4.6% against -24.4%). TPG RE Finance Trust kept more of each dollar of sales as profit: a net margin of 41.3% against -260.4%.
| Latest fiscal year | Claros Mortgage TrustCMTG, 2025 | TPG RE Finance TrustTRTX, 2025 |
|---|---|---|
| Revenue | $188m | $146m |
| Revenue growth | -24.4% | -4.6% |
| Net income | −$489m | $60.3m |
| Operating margin | — | — |
| Net margin | -260.4% | 41.3% |
| Return on equity | -27.6% | 5.5% |
| Free cash flow | — | $90.4m |
| Cash | $173m | $87.6m |
| Total debt | $3.16bn | $3.31bn |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $25.3m |
| Employees | — | — |
| Market value | $160m | $522m |
| Price vs our value range | — | — |
| Moat score | — | 74 (Strong) |
| Insider trades, 12 months | 6 buys, 0 sales | 0 buys, 0 sales |