TPG RE Finance Trust (TRTX) FCF Margin (2016 - 2026)
TPG RE Finance Trust (TRTX) reported FCF Margin of 60.24% for Q1 2026, up 923.0% on a YoY basis from 5.89% in Q1 2025, and down 19.61% quarter-over-quarter from 74.93% in Q4 2025.
TPG RE Finance Trust (TRTX) FCF Margin (2016 - 2026) Analysis & Trends
TPG RE Finance Trust has reported FCF Margin for 11 years, with the latest figure at 60.24% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 923.0% year-over-year to 60.24%; the trailing twelve-month figure through Mar 2026 stood at 63.5% (up 140.0% YoY), and the FY2025 full-year result was 61.16%, down 1187.0% from the prior year.
- FCF Margin for Q1 2026 stood at 60.24%, down from 74.93% in the prior quarter.
- The five-year high for FCF Margin was 94.6% in Q1 2024, with the low at 19.4% in Q4 2022.
- Historically, FCF Margin has averaged 63.06% across 5 years, with a median of 63.95% in 2024.
- Annual changes were most pronounced in 2023 — FCF Margin sank 6158 bps — and 2024, when it jumped 4847 bps.
- TPG RE Finance Trust's FCF Margin stood at 19.4% in 2022, then soared by 39 bps to 26.94% in 2023, then jumped by 180 bps to 75.41% in 2024, then dropped by 1 bps to 74.93% in 2025, then decreased by 20 bps to 60.24% in 2026.
- The last three FCF Margin figures came in at 60.24% (Q1 2026), 74.93% (Q4 2025), and 54.48% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF 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 | - | 18.26% |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 4.42% |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | -145.84% |
| 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 | - | -9,929.39% |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | - |
| 10 | TPG RE Finance Trust | 665.15 Mn | 573.15 Mn | - | 60.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 60.24% |
| Dec 31, 2025 | 74.93% |
| Sep 30, 2025 | 54.48% |
| Jun 30, 2025 | 65.21% |
| Mar 31, 2025 | 51.01% |
| Dec 31, 2024 | 75.41% |
| Sep 30, 2024 | 63.95% |
| Jun 30, 2024 | 58.86% |
| Mar 31, 2024 | 94.60% |
| Dec 31, 2023 | 26.94% |
| Sep 30, 2023 | 88.02% |
| Jun 30, 2023 | 22.41% |
| Mar 31, 2023 | 92.94% |
| Dec 31, 2022 | 19.40% |
| Sep 30, 2022 | 54.95% |
| Jun 30, 2022 | 83.99% |
| Mar 31, 2022 | 84.64% |
| Dec 31, 2021 | 75.54% |
| Sep 30, 2021 | 91.97% |
| Jun 30, 2021 | 86.68% |