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| Date | Value |
|---|---|
| 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% |