TPG RE Finance Trust (TRTX-PC) EBITDA Margin (2016 - 2026)
TPG RE Finance Trust (TRTX-PC) reported EBITDA Margin of 50.76% for Q1 2026, up 1372.0% on a YoY basis from 3.45% in Q1 2025, and up 347.41% quarter-over-quarter from 11.35% in Q4 2025.
TPG RE Finance Trust (TRTX-PC) EBITDA Margin (2016 - 2026) Analysis & Trends
TPG RE Finance Trust has reported EBITDA Margin for 11 years, with the latest figure at 50.76% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin rose 1372.0% year-over-year to 50.76%; the trailing twelve-month figure through Mar 2026 stood at 44.77% (down 239.0% YoY), and the FY2025 full-year result was 41.28%, down 727.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 50.76%, up from 11.35% in the prior quarter.
- The five-year high for EBITDA Margin was 62.88% in Q2 2024, with the low at 360.55% in Q3 2022.
- Historically, EBITDA Margin has averaged 14.99% across 5 years, with a median of 37.05% in 2025.
- Annual changes were most pronounced in 2022 — EBITDA Margin tumbled 43554 bps — and 2024, when it soared 28187 bps.
- TPG RE Finance Trust's EBITDA Margin stood at 54.46% in 2022, then tumbled by 87 bps to 6.81% in 2023, then surged by 351 bps to 30.75% in 2024, then tumbled by 63 bps to 11.35% in 2025, then soared by 347 bps to 50.76% in 2026.
- The last three EBITDA Margin figures came in at 50.76% (Q1 2026), 11.35% (Q4 2025), and 58.12% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | - |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | - |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 74.62% |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 11.17% |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | -185.22% |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | - |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | - |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 104.60% |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | - |
| 10 | TPG RE Finance Trust | - | - | - | 50.76% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 50.76% |
| Dec 31, 2025 | 11.35% |
| Sep 30, 2025 | 58.12% |
| Jun 30, 2025 | 56.99% |
| Mar 31, 2025 | 37.05% |
| Dec 31, 2024 | 30.75% |
| Sep 30, 2024 | 55.28% |
| Jun 30, 2024 | 62.88% |
| Mar 31, 2024 | 43.01% |
| Dec 31, 2023 | 6.81% |
| Sep 30, 2023 | -226.58% |
| Jun 30, 2023 | -211.97% |
| Mar 31, 2023 | 29.20% |
| Dec 31, 2022 | 54.46% |
| Sep 30, 2022 | -360.55% |
| Jun 30, 2022 | -14.06% |
| Mar 31, 2022 | 61.71% |
| Dec 31, 2021 | 96.46% |
| Sep 30, 2021 | 75.00% |
| Jun 30, 2021 | 80.87% |