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

TPG RE Finance Trust's (TRTX) quarterly EBT Margin came in at 51.06% in Q1 2026, up 1387.0% year-on-year from 3.43% in Q1 2025, and up 375.24% quarter-over-quarter from 10.74% in Q4 2025.

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

TPG RE Finance Trust's EBT Margin history runs 11 years deep, the most recent figure standing at 51.06% for Q1 2026.

  • On a quarterly basis, EBT Margin rose 1387.0% year-over-year to 51.06% in Q1 2026; TTM through Mar 2026 was 44.23%, a 248.0% decrease from a year earlier, with the FY2025 full-year figure at 41.54%, down 727.0% from the prior year.
  • EBT Margin rose to 51.06% in Q1 2026 per TRTX's latest filing, from 10.74% in the prior quarter.
  • Across five years, EBT Margin topped out at 185.16% in Q2 2023 and bottomed at 360.15% in Q3 2022.
  • The 5-year median for EBT Margin is 51.06% (2026), against an average of 24.14%.
  • Across the five-year window, EBT Margin slumped 43575 bps in 2022 and jumped 41406 bps in 2023, its largest moves.
  • Year by year, EBT Margin stood at 54.76% in 2022, then plunged by 79 bps to 11.49% in 2023, then jumped by 152 bps to 29.0% in 2024, then sank by 63 bps to 10.74% in 2025, then jumped by 375 bps to 51.06% in 2026.
  • Per Business Quant, the three latest TRTX EBT Margin figures stand at 51.06% (Q1 2026), 10.74% (Q4 2025), and 58.41% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - -
2 AGNC Investment 11.85 Bn 11.36 Bn - -
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 10.44%
4 Rithm Capital 5.01 Bn 5.01 Bn - 11.17%
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 4.45%
6 Ellington Financial 1.63 Bn 1.51 Bn - 56.06%
7 Dynex Capital 1.56 Bn 1.05 Bn - -
8 Armour Residential REIT 1.42 Bn 1.34 Bn - -
9 Two Harbors Investment 1.27 Bn 987.19 Mn - -
10 TPG RE Finance Trust 664.36 Mn 572.36 Mn - 51.06%

Historic Data

Download Data
DateValue
Mar 31, 2026 51.06%
Dec 31, 2025 10.74%
Sep 30, 2025 58.41%
Jun 30, 2025 57.35%
Mar 31, 2025 37.20%
Dec 31, 2024 29.00%
Sep 30, 2024 55.45%
Jun 30, 2024 63.14%
Mar 31, 2024 44.02%
Dec 31, 2023 11.49%
Sep 30, 2023 53.91%
Jun 30, 2023 185.16%
Mar 31, 2023 29.93%
Dec 31, 2022 54.76%
Sep 30, 2022 -360.15%
Jun 30, 2022 -32.93%
Mar 31, 2022 61.93%
Dec 31, 2021 95.74%
Sep 30, 2021 75.60%
Jun 30, 2021 81.45%