Invesco vs TPG
Invesco is the larger business, with $6.38bn of revenue in fiscal 2025 against $4.67bn for TPG (1.4 times as much). TPG grew faster (33.4% against 5.1%). TPG kept more of each dollar of sales as profit: a net margin of 4.0% against -11.4%. Invesco carries less debt relative to equity (14.9% against 41.6%).
| Latest fiscal year | InvescoIVZ, 2025 | TPGTPG, 2025 |
|---|---|---|
| Revenue | $6.38bn | $4.67bn |
| Revenue growth | 5.1% | 33.4% |
| Net income | −$726m | $185m |
| Operating margin | -10.9% | — |
| Net margin | -11.4% | 4.0% |
| Return on equity | -5.4% | 4.8% |
| Free cash flow | $1.44bn | — |
| Cash | $1.04bn | $826m |
| Total debt | $1.83bn | $1.72bn |
| Debt to equity | 14.9% | 41.6% |
| Dividend per share | $0.83 | — |
| Dividend yield | 3.1% | — |
| Share buybacks | $124m | — |
| Employees | 8,611 | 1,900 |
| Market value | $12.42bn | $18.58bn |
| Price vs our value range | — | — |
| Moat score | 65 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 5 sales | 0 buys, 0 sales |