TPG
TPG Nasdaq· Asset Management & Custody Banks
Last close · Oct 27, 2026
$44.58
KIRA · Stoqly’s AI analyst, in plain words
- TPG had $4.7B of revenue in fiscal 2025, up 33.4% on the year before.
- TPG made $185M of net profit in fiscal 2025.
- TPG returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 2.6%.
- TPG owes $896M more than it holds in cash, about 1.0 years of operating profit.
Market cap
$17.2B
P/E
66.5x
Revenue
$4.7B
Net income
$185M
Free cash flow
—
Operating margin
—
TPG in 30 seconds · fiscal 2025
Are sales growing?
+33.4%
Yes. Sales grew 33.4% last year.
Does it make a profit?
4.0%
A little. It keeps 4.0% of every sale as profit.
Is debt under control?
1.0x
Yes. It could repay its debt with 1.0 years of operating profit.
How is the share priced?
66.5x
One share costs 66.5 times its yearly profit per share. Typical for its sector: 13.7x.
What TPG does
TPG is an alternative asset manager. Investors give it money to put into funds, and it invests that money mainly in private equity, credit and real estate. It manages $303.0 billion in assets, which the industry calls assets under management. TPG earns management fees from its funds and, when investments do well, a share of the profits. Its income can swing a lot from period to period because of the way the profits arrive. Its growth has come partly from buying firms: Angelo Gordon, a credit and real estate investor bought in 2023, and Peppertree, a digital infrastructure investor focused on wireless towers, bought in 2025. The 10-K says the firm has about 400 active portfolio companies, about 300 real estate properties and many credit positions, and it works across 16 countries. Its investment teams are organized by industry sector. It also provides products and services to insurance companies, and it says artificial intelligence could add competitive and legal risks.
Biggest risks, in its own words
- Not raising new funds, or investors in future funds negotiating lower fees.
- Revenue and earnings that vary widely from period to period.
- Funds that invest in high-risk assets that are hard to sell and may lose money.
- Risks from investing outside the United States, including changes in China's policies.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 17, 2026
- Legal name
- TPG Inc.
- CIK
- 0001880661
TPG · TPG
Results and finances
The last 4 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Sales and profit | ||||
| Revenue | $2.0B | $2.4B | $3.5B | $4.7B |
| Revenue growth | — | 19.3% | 46.5% | 33.4% |
| Net income | $92.4M | $80.1M | $23.5M | $185M |
| Net margin | 4.6% | 3.4% | 0.7% | 4.0% |
| Diluted EPS | −$0.19 | −$0.04 | −$0.42 | $0.45 |
| Cash | ||||
| Cash from operations | $1.4B | $721M | $532M | $1.0B |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M |
| Share count change | — | 2.9% | 14.7% | 2.6% |
| Debt and strength | ||||
| Cash and short-term investments | $1.1B | $665M | $808M | $826M |
| Debt incl. finance leases | $445M | $945M | $1.3B | $1.7B |
| Shareholders' equity | $3.1B | $3.4B | $3.6B | $4.1B |
| Net debt / EBITDA | −3.8x | 1.7x | 2.5x | 1.0x |
| Interest coverage | 7.6x | 3.6x | 0.7x | 7.5x |
| Returns and quality | ||||
| Return on capital | — | 1.9% | 1.1% | 15.2% |
| Return on equity | — | 2.5% | 0.7% | 4.8% |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
TPG · TPG
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| TPG TPG | $17.2B | 33.4% | — | — | 15.2% | 66.5x | — |
| Ares Management ARES | — | 28.9% | — | — | — | — | — |
| Carlyle Group CG | $14.2B | −11.9% | — | −70.6% | 13.7% | 40.1x | — |
| Brookfield Asset Management BAM | — | 21.0% | — | 43.4% | — | — | — |
| Invesco IVZ | $12.9B | 5.1% | −10.9% | 22.6% | −3.8% | — | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $44.58 a share, the company is worth $17.2B: 66.5 times its earnings of the last four quarters.
TPG grew sales faster than 4 of its 4 similar companies. Its P/E is higher than 1 of 1.
Source: SEC EDGAR XBRL filings (CIK 0001880661). Data updated October 11, 2026. For information only — not investment advice. Check the original filings before relying on any figure.