TPG RE Finance Trust (TRTX) FCF Margin (2016 - 2026)
TPG RE Finance Trust's FCF Margin came in at 65.87% for Q1 2026, up 14.20 percentage points from 51.66% a year earlier but down 4.49 percentage points from the prior quarter.
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Analysis
TPG RE Finance Trust (TRTX) FCF Margin (2016 - 2026) Analysis & Trends
For FY2025, TPG RE Finance Trust's FCF Margin was 61.84%, down 11.39 percentage points from FY2024.
- FCF Margin carries a five-year change of -12.79 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 73.23% in FY2024 (+4.39 pp), 68.84% in FY2023 (-0.49 pp), 69.33% in FY2022 (-15.59 pp) and 84.92% in FY2021 (+10.29 pp).
- The five-year range for quarterly FCF Margin is 49.89% (Q4 2022) to 96.00% (Q1 2024).
- Year-over-year, FCF Margin increased in 1 of the last four quarters, with an average year-over-year change of -8.38 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q3 2021 (a gain of 27.13 percentage points), and the weakest in Q1 2025 (a drop of 44.34 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | -44.76% |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 108.06% |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 122.69% |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 19.67% |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 51.00% |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 74.39% |
| 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 |
|---|---|
| Mar 31, 2026 | 65.87% |
| Dec 31, 2025 | 70.36% |
| Mar 31, 2025 | 51.66% |
| Dec 31, 2024 | 73.39% |
| Mar 31, 2024 | 96.00% |
| Dec 31, 2023 | 73.75% |
| Mar 31, 2023 | 92.94% |
| Dec 31, 2022 | 49.89% |
| Sep 30, 2022 | 54.95% |
| Jun 30, 2022 | 83.99% |
| Mar 31, 2022 | 84.64% |
| Dec 31, 2021 | 91.24% |
| Sep 30, 2021 | 91.97% |
| Jun 30, 2021 | 86.68% |
| Mar 31, 2021 | 69.40% |
| Dec 31, 2020 | 73.88% |
| Sep 30, 2020 | 64.85% |
| Jun 30, 2020 | 74.82% |
| Mar 31, 2020 | 86.03% |
| Dec 31, 2019 | 80.12% |
API Access
TPG RE Finance Trust FCF Margin 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=fcf-margin&ticker=TRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=TRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();