TPG RE Finance Trust (TRTX) EV to FCF (2017 - 2026)
TPG RE Finance Trust's (TRTX) EV to FCF stood at 6.19 in Q2 2026, up 29.4% from 4.79 a year earlier and up 15.0% from the prior quarter.
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Analysis
TPG RE Finance Trust (TRTX) EV to FCF (2017 - 2026) Analysis & Trends
On a TTM basis, TPG RE Finance Trust's EV to FCF came in at 2.72 as of Jun 30, 2026; for FY2025, it was 6.45, up 45.1% from FY2024.
- Across earlier years, EV to FCF came in at 4.44 in FY2024 (+578.1%), 0.66 in FY2023, -0.26 in FY2022 and 5.22 in FY2021 (-0.8%).
- Quarterly EV to FCF has ranged from -0.26 in Q4 2022 to 6.45 in Q4 2025 over the past five years.
- On a year-over-year basis, EV to FCF has increased for five consecutive quarters, with growth averaging 114.6% over the last seven quarters.
- Peak year-over-year performance for EV to FCF in the last five years was growth of 928.5% in Q1 2024, against a decline of 97.0% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 5.38 (Q1 2026), 6.45 (Q4 2025) and 5.84 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | TPG RE Finance Trust | 481.93 Mn | 89.70 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.19 |
| Mar 31, 2026 | 5.38 |
| Dec 31, 2025 | 6.45 |
| Sep 30, 2025 | 5.84 |
| Jun 30, 2025 | 4.79 |
| Mar 31, 2025 | 2.40 |
| Dec 31, 2024 | 4.44 |
| Sep 30, 2024 | 4.22 |
| Jun 30, 2024 | 3.92 |
| Mar 31, 2024 | 3.69 |
| Dec 31, 2023 | 0.66 |
| Sep 30, 2023 | -0.22 |
| Jun 30, 2023 | 1.12 |
| Mar 31, 2023 | 0.36 |
| Dec 31, 2022 | -0.26 |
| Sep 30, 2022 | 0.16 |
| Jun 30, 2022 | 1.55 |
| Mar 31, 2022 | 4.04 |
| Dec 31, 2021 | 5.22 |
| Sep 30, 2021 | 5.33 |
API Access
TPG RE Finance Trust EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=TRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "TRTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=TRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();