GoAI
Get started
TPG Inc. logo

TPG Inc.

TPG

NASDAQFinancial ServicesAsset Management

Open in GoAI

Previous close

$52.40

+$0.83 · +1.61%

Aug 21, 4:00 PM ET

TPG company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

93

Deep Value

Momentum

31

Weakening

Sentiment

62

Bullish

Risk resilience

48

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

TPG Inc. operates globally as a specialized manager of alternative investments. The firm delivers a suite of services, including investment management for diverse pooled vehicles such as unconsolidated funds and collateralized loan obligations. Additionally, TPG provides comprehensive oversight and strategic advisory services to its portfolio companies, encompassing capital structuring, facilitating debt and equity arrangements, and general consultation. It also assists with underwriting and placing securities. TPG allocates capital across various asset classes, with significant investments in private equity funds, real estate funds, credit funds, and funds of hedge funds. Established in 1992, TPG Inc. maintains its headquarters in Fort Worth, Texas, and functions as a subsidiary of TPG GP A, LLC.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Jon Winkelried
Listed since
Jan 13, 2022
Employees
1,900

Market position

Day range

Current $52.40

52-week range

Current $52.40

Open
$52.23
Previous close
$51.57
Volume
1.71M
0.66× average
Average volume
2.57M
Average daily volume
Market cap
20.09B USD
Beta
1.42
Market reference 1
50-day average
$44.7524
+17.09% above average
200-day average
$49.2918
+6.31% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
22.74B USD
P/E (TTM)
42.95×
P/B (TTM)
6.98×
P/S (TTM)
4.3×
EV / EBITDA
27.54×
Earnings yield
2.08%
Free cash flow yield
11.32%
Dividend yield
4.27%

Profitability & efficiency

Gross margin
95.86%
Operating margin
17.69%
Net margin
4.68%
Return on equity
15.57%
Return on assets
1.37%
Return on invested capital
7.61%

Financial health

Debt / equity
2.42×
Current ratio
0.15×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends110%69%29%-12%Gross margin, FY2021: 99.69%Gross margin, FY2022: 98.56%Gross margin, FY2023: 97.92%Gross margin, FY2024: 96.66%Gross margin, FY2025: 96.90%Operating margin, FY2021: 83.58%Operating margin, FY2022: -1.58%Operating margin, FY2023: 4.51%Operating margin, FY2024: -0.95%Operating margin, FY2025: 14.68%Net margin, FY2021: 39.07%Net margin, FY2022: 6.14%Net margin, FY2023: 4.32%Net margin, FY2024: 0.90%Net margin, FY2025: 3.95%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 99.69%. Gross margin FY2022 98.56%. Gross margin FY2023 97.92%. Gross margin FY2024 96.66%. Gross margin FY2025 96.90%. Operating margin FY2021 83.58%. Operating margin FY2022 -1.58%. Operating margin FY2023 4.51%. Operating margin FY2024 -0.95%. Operating margin FY2025 14.68%. Net margin FY2021 39.07%. Net margin FY2022 6.14%. Net margin FY2023 4.32%. Net margin FY2024 0.90%. Net margin FY2025 3.95%.

Income trends

Revenue

4.67B USD+77.91%

Operating income

685.07M USD+709.89M USD

Net income

184.59M USD+686.05%
Income trends across reported periods6.14B USD3.9B USD1.66B USD−585.47M USDRevenue, FY2021: 5.58B USDRevenue, FY2022: 1.5B USDRevenue, FY2023: 1.86B USDRevenue, FY2024: 2.62B USDRevenue, FY2025: 4.67B USDOperating income, FY2021: 4.67B USDOperating income, FY2022: −23.75M USDOperating income, FY2023: 83.65M USDOperating income, FY2024: −24.82M USDOperating income, FY2025: 685.07M USDNet income, FY2021: 2.18B USDNet income, FY2022: 92.43M USDNet income, FY2023: 80.09M USDNet income, FY2024: 23.48M USDNet income, FY2025: 184.59M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.58B USD. Revenue FY2022 1.5B USD. Revenue FY2023 1.86B USD. Revenue FY2024 2.62B USD. Revenue FY2025 4.67B USD. Operating income FY2021 4.67B USD. Operating income FY2022 −23.75M USD. Operating income FY2023 83.65M USD. Operating income FY2024 −24.82M USD. Operating income FY2025 685.07M USD. Net income FY2021 2.18B USD. Net income FY2022 92.43M USD. Net income FY2023 80.09M USD. Net income FY2024 23.48M USD. Net income FY2025 184.59M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue4.67B USD2.62B USD1.86B USD1.5B USD5.58B USD
Cost of goods sold144.54M USD87.51M USD38.53M USD21.61M USD17.03M USD
Gross profit4.52B USD2.54B USD1.82B USD1.48B USD5.56B USD
Selling, general, and administrative702.17M USD583.73M USD483.63M USD372.23M USD298.61M USD
Operating expenses3.84B USD2.56B USD1.73B USD1.51B USD899.54M USD
Interest income93.62M USD82.74M USD42.62M USD9.17M USD6.46M USD
Interest expense112.11M USD87.51M USD38.53M USD21.61M USD17.03M USD
Depreciation and amortization137.63M USD135.39M USD47.67M USD32.99M USD21.22M USD
Operating income685.07M USD−24.82M USD83.65M USD−23.75M USD4.67B USD
Net income184.59M USD23.48M USD80.09M USD92.43M USD2.18B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+15.60%
11 comparable reports
Latest EPS result
0.69
Estimate 0.59 · Beat by 16.95%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.750.640.520.41Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 0.62, estimate 0.523, surprise +18.55%, Beat. Q2 2025, reported May 7, 2025: actual 0.48, estimate 0.458, surprise +4.92%, Beat. Q3 2025, reported Aug 6, 2025: actual 0.69, estimate 0.452, surprise +52.76%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.53, estimate 0.562, surprise -5.69%, Miss. Q1 2026, reported Feb 5, 2026: actual 0.71, estimate 0.639, surprise +11.11%, Beat. Q2 2026, reported May 1, 2026: actual 0.7, estimate 0.592, surprise +18.24%, Beat. Q3 2026, reported Aug 4, 2026: actual 0.69, estimate 0.59, surprise +16.95%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.7, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates958.19M782.3M606.41M430.52MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 721.45M USD, estimate 467.37M USD, surprise +54.36%, Beat. Q2 2025, reported May 7, 2025: actual 743.33M USD, estimate 474.98M USD, surprise +56.50%, Beat. Q3 2025, reported Aug 6, 2025: actual 921.34M USD, estimate 487.91M USD, surprise +88.84%, Beat. Q4 2025, reported Nov 4, 2025: actual 840.04M USD, estimate 539.99M USD, surprise +55.56%, Beat. Q1 2026, reported Feb 5, 2026: actual 628.48M USD, estimate 614.38M USD, surprise +2.29%, Beat. Q2 2026, reported May 1, 2026: actual 637.77M USD, estimate 608.07M USD, surprise +4.88%, Beat. Q3 2026, reported Aug 4, 2026: actual 628.19M USD, estimate 596.79M USD, surprise +5.26%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 633.09M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$58.88

12.37% upside
Past 12 months12-month forecastHigh $65.00Average $58.88Low $50.00

Rating distribution

18 ratings
Strong buy00%
Buy1267%
Hold633%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
RBC CapitalmaintainOutperform

TPG news

seekingalpha.com

TPG Telecom Limited (TPGTF) Q2 2026 Earnings Call Transcript

TPG Telecom Limited (TPGTF) Q2 2026 Earnings Call Transcript

Read source
seekingalpha.com

TPG Mortgage Investment Trust: The Forward Earnings Case Is Getting Stronger

TPG Mortgage Investment Trust (MITT) retains a Buy rating as Q2 results improved the forward earnings outlook despite a thinner dividend cushion. Book value stabilized at $10.00, high-teen ROEs are emerging, and capital…

Read source
businesswire.com

TPG Mortgage Investment Trust, Inc. Reports Second Quarter 2026 Results

NEW YORK--(BUSINESS WIRE)--TPG Mortgage Investment Trust, Inc. ("MITT," "we," the "Company," or "our") (NYSE: MITT) today reported financial results for the quarter ended June 30, 2026. MANAGEMENT REMARKS "Despite a…

Read source
businesswire.com

TPG Mortgage Investment Trust and Cherry Hill Mortgage Investment Corporation Announce Definitive Merger Agreement

NEW YORK--(BUSINESS WIRE)--TPG Mortgage Investment Trust, Inc. (NYSE: MITT) (“MITT”), a publicly traded residential mortgage REIT managed by AG REIT Management, LLC, an affiliate of TPG Inc. (“TPG”) (NASDAQ: TPG), a…

Read source
seekingalpha.com

TPG RE Finance Trust: We Continue To Find The Series C Preferred Shares Attractive

TPG Real Estate Finance Trust (TRTX) Series C Preferred (TRTX.PR.C) remains a Buy, supported by robust Q2 2026 financials and prudent portfolio management. TRTX has reduced office exposure to 4.3% and shifted toward…

Read source
businesswire.com

Broad Sky Partners Completes Sale of Smith + Howard to TPG

NEW YORK--(BUSINESS WIRE)--Broad Sky Partners, a private equity firm that partners with essential services businesses in the middle market, today announced it has completed the sale of Smith + Howard, a nationally…

Read source

TPG peers

Interactive Brokers Group, Inc. logo

IBKR

Interactive Brokers Group, Inc.

$93.87

+4.47%

CME Group Inc. logo

CME

CME Group Inc.

$274.98

+1.52%

Robinhood Markets, Inc. logo

HOOD

Robinhood Markets, Inc.

$108.13

+13.70%

Strive Inc. Perp. Pfd. Series A logo

SATA

Strive Inc. Perp. Pfd. Series A

$100.01

+0.10%

Nasdaq, Inc. logo

NDAQ

Nasdaq, Inc.

$98.22

+0.69%

PayPal Holdings, Inc. logo

PYPL

PayPal Holdings, Inc.

$61.55

-1.20%

ETFs holding TPG

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
203.44M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
146.69M
Weight
0.08%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
93.17M
Weight
0.14%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
68.04M
Weight
0.07%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Capital Group Dividend Growers ETF logoCapital Group Dividend Growers ETFCGDG
Market value
39.92M
Weight
0.71%
AUM
5.17B USD
Expense ratio
0.47%
Price / 1D
$38.91+0.65%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
33.36M
Weight
0.14%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.83+0.52%
iShares Russell Mid-Cap ETF logoiShares Russell Mid-Cap ETFIWR
Market value
30.65M
Weight
0.05%
AUM
57.66B USD
Expense ratio
0.18%
Price / 1D
$113.44+0.70%
Vanguard High Dividend Yield ETF logoVanguard High Dividend Yield ETFVYM
Market value
25.5M
Weight
0.03%
AUM
99.2B USD
Expense ratio
0.04%
Price / 1D
$164.97+0.59%

Continue in GoAI

Research TPG

research.disclaimer