Growth Metrics

Tpg (TPGXL) Equity Ratio (2022 - 2026)

Tpg (TPGXL) reported Equity Ratio of 0.28 for Q1 2026, down 9.49% year-over-year from 0.31 in Q1 2025, and down 8.69% on a QoQ basis from 0.31 in Q4 2025.

Tpg (TPGXL) has 5 years of Equity Ratio data on file, last reported at 0.28 in Q1 2026.

  • Quarterly Equity Ratio fell 9.49% year-over-year to 0.28 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.28 (down 9.49% YoY) and the FY2025 annual result came in at 0.31, down 10.09% from the prior year.
  • Equity Ratio eased to 0.28 in Q1 2026 per TPGXL's latest filing, from 0.31 in the prior quarter.
  • Across five years, Equity Ratio topped out at 0.41 in Q3 2023 and bottomed at 0.28 in Q1 2026.
  • The 5-year median for Equity Ratio is 0.34 (2024), against an average of 0.34.
  • The widest annual swing landed in 2023, when Equity Ratio rose 13.55%; it then decreased 21.8% in 2024.
  • Tracing TPGXL's Equity Ratio over 5 years: stood at 0.39 in 2022, then decreased by 7.68% to 0.36 in 2023, then decreased by 4.95% to 0.34 in 2024, then declined by 10.09% to 0.31 in 2025, then dropped by 8.69% to 0.28 in 2026.
  • Per Business Quant, the three latest TPGXL Equity Ratio figures stand at 0.28 (Q1 2026), 0.31 (Q4 2025), and 0.29 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 0.33
2 Blackstone 92.68 Bn 91.63 Bn - 0.17
3 Kkr 84.94 Bn 132.45 Bn - 0.07
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 0.48
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 0.08
6 State Street 44.42 Bn 18.75 Bn - -
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 0.03
8 Northern Trust 31.21 Bn 31.21 Bn - 0.07
9 Ares Management 28.85 Bn 32.22 Bn - 0.29
10 Tpg - - - 0.28

Historic Data

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DateValue
Mar 31, 2026 0.28
Dec 31, 2025 0.31
Sep 30, 2025 0.29
Jun 30, 2025 0.30
Mar 31, 2025 0.31
Dec 31, 2024 0.34
Sep 30, 2024 0.32
Jun 30, 2024 0.33
Mar 31, 2024 0.33
Dec 31, 2023 0.36
Sep 30, 2023 0.41
Jun 30, 2023 0.40
Mar 31, 2023 0.38
Dec 31, 2022 0.39
Sep 30, 2022 0.36
Jun 30, 2022 0.36
Mar 31, 2022 0.35