SEI Investments vs TPG
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The short version
- TPG is the larger business, with $4.7B of revenue in fiscal 2025 against $2.3B for SEI Investments, about 2.0 times as much.
- TPG grew revenue faster (33.4%, against 8.1%).
- Investors pay more for each dollar of TPGβs earnings: a P/E of 66.6x against 18.0x for SEI Investments.
| Latest fiscal year | SEIC Β· FY25 | TPG Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $12.6B | $17.2B |
| Revenue | $2.3B | $4.7B |
| Free cash flow | $585M | β |
| Net income | $715M | $185M |
| Growth | ||
| Revenue growth | 8.1% | 33.4% |
| 5-year growth | 6.4% | β |
| Share count change | β3.5% | 2.6% |
| Profitability | ||
| Gross margin | 35.2% | β |
| Operating margin | 27.3% | β |
| Net margin | 31.1% | 4.0% |
| FCF margin | 25.5% | β |
| Return on capital | β | 15.2% |
| Return on equity | 30.4% | 4.8% |
| Balance sheet | ||
| Net debt | β | $896M |
| Net debt / EBITDA | β | 1.0x |
| Dividends and buybacks | $752M | $0.0M |
| Valuation & quality | ||
| P/E | 18.0x | 66.6x |
| Piotroski F-score | β | β |
Revenue
FY16
SEIC $1.4B
TPG β
FY17
SEIC $1.5B
TPG β
FY18
SEIC $1.6B
TPG β
FY19
SEIC $1.6B
TPG β
FY20
SEIC $1.7B
TPG β
FY21
SEIC $1.9B
TPG β
FY22
SEIC $2.0B
TPG $2.0B
FY23
SEIC $1.9B
TPG $2.4B
FY24
SEIC $2.1B
TPG $3.5B
FY25
SEIC $2.3B
TPG $4.7B
SEIC
TPG
Operating margin
FY16
SEIC 26.8%
TPG β
FY17
SEIC 26.0%
TPG β
FY18
SEIC 27.2%
TPG β
FY19
SEIC 27.9%
TPG β
FY20
SEIC 26.5%
TPG β
FY21
SEIC 28.9%
TPG β
FY22
SEIC 23.9%
TPG β
FY23
SEIC 22.1%
TPG β
FY24
SEIC 26.0%
TPG β
FY25
SEIC 27.3%
TPG β
SEIC
TPG
Free cash flow
FY16
SEIC $403M
TPG β
FY17
SEIC $434M
TPG β
FY18
SEIC $559M
TPG β
FY19
SEIC $502M
TPG β
FY20
SEIC $434M
TPG β
FY21
SEIC $607M
TPG β
FY22
SEIC $527M
TPG β
FY23
SEIC $422M
TPG β
FY24
SEIC $590M
TPG β
FY25
SEIC $585M
TPG β
SEIC
TPG
Return on capital
FY16
SEIC β
TPG β
FY17
SEIC β
TPG β
FY18
SEIC β
TPG β
FY19
SEIC β
TPG β
FY20
SEIC β
TPG β
FY21
SEIC β
TPG β
FY22
SEIC β
TPG β
FY23
SEIC β
TPG 1.9%
FY24
SEIC β
TPG 1.1%
FY25
SEIC β
TPG 15.2%
SEIC
TPG
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.