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TPG RE Finance Trust, Inc. key statistics and ratios

In fiscal 2025, TPG RE Finance Trust, Inc. had return on equity of 5.5% and a net margin of 41.3%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Net margin73.2%75.7%77.1%75.9%75.8%−77.3%89.0%−41.4%−100.2%48.5%41.3%31.9%
Return on equity8.3%8.3%8.7%8.5%8.9%−9.9%10.1%−4.3%−9.5%6.6%5.5%4.3%
Return on assets—2.6%3.1%2.7%2.4%−2.5%2.7%−1.1%−2.4%1.9%1.5%0.9%
Effective tax rate2.6%−0.0%0.2%0.3%0.5%—0.8%——0.5%0.6%0.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

74 /100

Strong moat

How hard TPG RE Finance Trust's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 1.8% of total assets over 10 years.

  • Durability 10 / 20

    Net margin has been a median 46.3%; its worst year was -71.8%.

  • Discipline 14 / 20

    The diluted share count fell 1.4% over five years; stock-based pay has been a median 4.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from TPG RE Finance Trust, Inc.'s SEC filings (10-K and 10-Q), retrieved October 31, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to TPG RE Finance Trust, Inc.