TPG RE Finance Trust (TRTX) FCF Margin (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly FCF Margin came in at 129.33% in Q2 2026, up 21449.0% on a YoY basis from N/an in Q2 2025, and down 314.71% quarter-over-quarter from 60.24% in Q1 2026.
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TPG RE Finance Trust (TRTX) FCF Margin (2016 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX) has reported FCF Margin for 11 consecutive years, with 129.33% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 21449.0% year-over-year to 129.33%; the trailing twelve-month figure through Jun 2026 stood at 1172.28% (up 1015138.0% YoY), and the FY2025 full-year result was 57.64%, down 1212.0% from the prior year.
- FCF Margin fell to 129.33% in Q2 2026 per TRTX's latest filing, from 60.24% in the prior quarter.
- Across five years, FCF Margin topped out at 92.94% in Q1 2023 and bottomed at 343.82% in Q2 2025.
- Historically, FCF Margin has averaged 0.42% across 5 years, with a median of 52.62% in 2025.
- The sharpest annual moves came in 2025 and 2026: FCF Margin tumbled 19465 bps in 2025, then soared 21449 bps in 2026.
- Over 5 years, FCF Margin stood at 19.4% in 2022, then soared by 231 bps to 64.14% in 2023, then rose by 6 bps to 67.89% in 2024, then declined by 11 bps to 60.23% in 2025, then slumped by 315 bps to 129.33% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 129.33%, 60.24%, and 60.23% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | -6.85% |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 5.00% |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | -15.55% |
| 10 | TPG RE Finance Trust | 597.86 Mn | 527.05 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -129.33% |
| Mar 31, 2026 | 60.24% |
| Dec 31, 2025 | 60.23% |
| Sep 30, 2025 | -40.56% |
| Jun 30, 2025 | -343.82% |
| Mar 31, 2025 | 50.28% |
| Dec 31, 2024 | 67.89% |
| Sep 30, 2024 | -35.34% |
| Jun 30, 2024 | -149.18% |
| Mar 31, 2024 | 92.41% |
| Dec 31, 2023 | 64.14% |
| Sep 30, 2023 | -20.94% |
| Jun 30, 2023 | -19.58% |
| 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% |