Terra Property Trust (TPTS) Gross Margin (2019 - 2026)
Terra Property Trust's (TPTS) quarterly Gross Margin came in at 95.24% in Q2 2026, down 361.0% year-over-year from 36.49% in Q2 2025, and down 3.43% quarter-over-quarter from 98.62% in Q4 2025.
Analysis
Terra Property Trust (TPTS) Gross Margin (2019 - 2026) Analysis & Trends
Terra Property Trust has disclosed Gross Margin across 8 years of filings, most recently posting 95.24% for Q2 2026.
- In Q2 2026, Gross Margin fell 361.0% year-over-year to 95.24%; the TTM figure through Jun 2026 stood at 97.94% (down 95.0% YoY), while the FY2025 annual figure was 98.44%, down 43.0% from the prior year.
- Gross Margin came in at 95.24% for Q2 2026 at Terra Property Trust, down from 98.62% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.71% in Q4 2023 to a low of 95.24% in Q2 2026.
- Average Gross Margin over 5 years is 98.62%, with a median of 98.85% recorded in 2025.
- Year-over-year, Gross Margin soared 154 bps in 2023 and slumped 361 bps in 2026.
- Over 5 years, Gross Margin stood at 98.51% in 2022, then increased by 1 bps to 99.71% in 2023, then retreated by 1 bps to 99.06% in 2024, then slipped by 0 bps to 98.62% in 2025, then decreased by 3 bps to 95.24% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 95.24% in Q2 2026, 98.62% in Q4 2025, and 97.91% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | - |
| 10 | Terra Property Trust | 388.10 Mn | 378.40 Mn | 4.36 Mn | 95.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 95.24% |
| Dec 31, 2025 | 98.62% |
| Sep 30, 2025 | 97.91% |
| Jun 30, 2025 | 98.85% |
| Mar 31, 2025 | 98.38% |
| Dec 31, 2024 | 99.06% |
| Sep 30, 2024 | 99.27% |
| Jun 30, 2024 | 99.10% |
| Mar 31, 2024 | 98.25% |
| Dec 31, 2023 | 99.71% |
| Sep 30, 2023 | 99.46% |
| Jun 30, 2023 | 99.00% |
| Mar 31, 2023 | 98.73% |
| Dec 31, 2022 | 98.51% |
| Sep 30, 2022 | 99.64% |
| Jun 30, 2022 | 97.45% |
| Mar 31, 2022 | 99.31% |
| Dec 31, 2021 | 98.81% |
| Sep 30, 2021 | 99.24% |
| Jun 30, 2021 | 98.82% |