TPG Inc. (TPG)
TPG Inc. operates as an alternative asset manager in the United States and internationally. The company provides investment management services to TPG Funds, limited partners, separately managed accounts and clients, and other vehicles; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advice services. In addition, it invests in private equity funds, real estate funds, hedge funds, and credit funds. TPG Inc. was founded in 1992 and is based in Fort Worth, Texas.
- Symbol
- TPG
- Exchange
- Nasdaq
- Sector
- Financial Services
- Industry
- Asset Management
- Market cap
- $7.51B
- 52 week range
- 36.95 - 70.38
Valuation
- Share price
- $44.93 (close of 2026-09-23)
- P/E (TTM)
- 38.99x
- Price to book
- 2.01x
- Price to free cash flow
- 7.72x
- Enterprise value
- $9.56B
- Book value per share
- $22.73
Price performance
| Period | Change |
|---|
| 1 day | -3.42% |
| 5 days | -5.21% |
| 1 month | -14.26% |
| 3 months | +13.52% |
| 6 months | +12.44% |
| Year to date | -29.62% |
| 1 year | -30.19% |
| 3 years | +49.02% |
| All time | +32.15% |
Profitability and growth
- Return on equity
- 4.46%
- Return on assets
- 1.37%
- Net margin
- 7.61%
- EBITDA margin
- 20.97%
- Revenue growth
- 16.15%
- Net income growth
- 686.05%
- Free cash flow growth
- 94.01%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 12.95%
- Net debt to EBITDA
- 3.39x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $2.42B
- EBITDA
- $508.23M
- Net income
- $184.59M
- Earnings per share
- $0.89
- Interest expense
- $112.11M
- Shares outstanding
- 138.88M
Income statement by year
| Period end | Revenue | Net income | EPS |
|---|
| 2025-12-31 | $2.42B | $184.59M | $0.89 |
| 2024-12-31 | $2.09B | $23.48M | $0.23 |
| 2023-12-31 | $1.53B | $80.09M | $0.89 |
| 2022-12-31 | $1.25B | $92.43M | $1.10 |
| 2021-12-31 | $977.90M | - | $0.00 |
| 2020-12-31 | $883.37M | - | $0.00 |
Margins and returns by year
| Period end | Net margin | Return on equity |
|---|
| 2025-12-31 | 7.61% | 4.46% |
| 2024-12-31 | 1.13% | 0.65% |
| 2023-12-31 | 5.22% | 2.38% |
| 2022-12-31 | 7.41% | 3.00% |
| 2021-12-31 | 0.00% | 0.00% |
| 2020-12-31 | 0.00% | 0.00% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $826.11M | $1.72B |
| 2024-12-31 | $808.02M | $1.28B |
| 2023-12-31 | $665.19M | $945.05M |
| 2022-12-31 | $1.11B | $444.57M |
| 2021-12-31 | $972.73M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $1.03B | $813.74M |
| 2024-12-31 | $532.15M | $1.01B |
| 2023-12-31 | $720.52M | $654.92M |
| 2022-12-31 | $1.38B | $627.71M |
| 2021-12-31 | $1.47B | - |
| 2020-12-31 | $95.39M | - |
Dividend history
- Most recent payment
- 2026-08-14
- Paid in the last twelve months
- $2.24
| Payment date | Dividend per share |
|---|
| 2026-08-14 | $0.59 |
| 2026-05-11 | $0.59 |
| 2026-02-19 | $0.61 |
| 2025-11-14 | $0.45 |
| 2025-08-18 | $0.59 |
| 2025-05-19 | $0.41 |
| 2025-02-21 | $0.53 |
| 2024-11-14 | $0.38 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-03
- Consensus EPS estimate
- $0.70
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-04 | Jun/2026 | $0.59 |
| 2026-05-01 | - | - |
| 2026-02-05 | - | - |
| 2025-11-04 | - | - |
| 2025-08-06 | - | - |
| 2025-05-07 | - | - |
| 2025-02-11 | - | - |
| 2024-11-04 | - | - |
Filings and sources
- Company website
- tpg.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
BlackRock, Inc. (BLK) · Blackstone Inc. (BX) · KKR & Co. Inc. (KKR) · Ameriprise Financial Inc (AMP) · Northern Trust Corp (NTRS) · Raymond James Financial Inc (RJF) · Principal Financial Group Inc (PFG) · T. Rowe Price Group Inc (TROW)
All Financial Services companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades