TPG RE Finance Trust (TRTX) EBT Margin (2016 - 2026)

TPG RE Finance Trust (TRTX) reported EBT Margin of 51.06% for Q1 2026, up 1387.0% on a YoY basis from 3.43% in Q1 2025, and up 340.64% quarter-over-quarter from 11.59% in Q4 2025.

TPG RE Finance Trust (TRTX) EBT Margin (2016 - 2026) Analysis & Trends

TPG RE Finance Trust has reported EBT Margin for 11 years, with the latest figure at 51.06% in Q1 2026.

  • For the quarter ending Q1 2026, EBT Margin rose 1387.0% year-over-year to 51.06%; the trailing twelve-month figure through Mar 2026 stood at 45.07% (down 213.0% YoY), and the FY2025 full-year result was 41.54%, down 727.0% from the prior year.
  • EBT Margin for Q1 2026 stood at 51.06%, up from 11.59% in the prior quarter.
  • The five-year high for EBT Margin was 63.14% in Q2 2024, with the low at 360.15% in Q3 2022.
  • Historically, EBT Margin has averaged 14.73% across 5 years, with a median of 37.2% in 2025.
  • Annual changes were most pronounced in 2022 — EBT Margin slumped 43575 bps — and 2024, when it soared 28201 bps.
  • TPG RE Finance Trust's EBT Margin stood at 54.76% in 2022, then sank by 87 bps to 6.88% in 2023, then surged by 340 bps to 30.3% in 2024, then plunged by 62 bps to 11.59% in 2025, then surged by 341 bps to 51.06% in 2026.
  • The last three EBT Margin figures came in at 51.06% (Q1 2026), 11.59% (Q4 2025), and 58.41% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT 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 - 10.44%
4 Rithm Capital 5.08 Bn 4.78 Bn - 11.17%
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 4.45%
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 - 53.07%
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -
10 TPG RE Finance Trust 665.15 Mn 573.15 Mn - 51.06%

Historic Data

Download Data
DateValue
Mar 31, 2026 51.06%
Dec 31, 2025 11.59%
Sep 30, 2025 58.41%
Jun 30, 2025 57.35%
Mar 31, 2025 37.20%
Dec 31, 2024 30.30%
Sep 30, 2024 55.45%
Jun 30, 2024 63.14%
Mar 31, 2024 44.02%
Dec 31, 2023 6.88%
Sep 30, 2023 -226.56%
Jun 30, 2023 -211.95%
Mar 31, 2023 29.93%
Dec 31, 2022 54.76%
Sep 30, 2022 -360.15%
Jun 30, 2022 -13.76%
Mar 31, 2022 61.93%
Dec 31, 2021 95.74%
Sep 30, 2021 75.60%
Jun 30, 2021 81.45%