TPG RE Finance Trust (TRTX) Net Margin (2016 - 2026)
TPG RE Finance Trust's (TRTX) quarterly Net Margin came in at 64.72% in Q2 2026, up 17839.0% on a YoY basis from N/an in Q2 2025, and down 259.2% quarter-over-quarter from 40.65% in Q1 2026.
Analysis
TPG RE Finance Trust (TRTX) Net Margin (2016 - 2026) Analysis & Trends
TPG RE Finance Trust (TRTX) has reported Net Margin for 11 consecutive years, with 64.72% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 17839.0% year-over-year to 64.72%; the trailing twelve-month figure through Jun 2026 stood at 610.35% (up 587930.0% YoY), and the FY2025 full-year result was 31.13%, down 784.0% from the prior year.
- Net Margin retreated to 64.72% in Q2 2026 per TRTX's latest filing, from 40.65% in the prior quarter.
- Across five years, Net Margin topped out at 194.68% in Q2 2023 and bottomed at 370.95% in Q3 2022.
- Historically, Net Margin has averaged 22.12% across 5 years, with a median of 11.75% in 2023.
- The sharpest annual moves came in 2022 and 2023: Net Margin plunged 43756 bps in 2022, then jumped 42788 bps in 2023.
- Over 5 years, Net Margin stood at 49.11% in 2022, then sank by 83 bps to 8.36% in 2023, then soared by 138 bps to 19.89% in 2024, then slumped by 97 bps to 0.54% in 2025, then tumbled by 12099 bps to 64.72% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 64.72%, 40.65%, and 0.54% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | - | 2.92% |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 1.57% |
| 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 | - | 34.76% |
| 10 | TPG RE Finance Trust | 597.86 Mn | 527.05 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -64.72% |
| Mar 31, 2026 | 40.65% |
| Dec 31, 2025 | 0.54% |
| Sep 30, 2025 | -36.30% |
| Jun 30, 2025 | -243.10% |
| Mar 31, 2025 | 26.90% |
| Dec 31, 2024 | 19.89% |
| Sep 30, 2024 | -28.37% |
| Jun 30, 2024 | -130.77% |
| Mar 31, 2024 | 33.54% |
| Dec 31, 2023 | 8.36% |
| Sep 30, 2023 | 56.93% |
| Jun 30, 2023 | 194.68% |
| Mar 31, 2023 | 15.14% |
| Dec 31, 2022 | 49.11% |
| Sep 30, 2022 | -370.95% |
| Jun 30, 2022 | -22.79% |
| Mar 31, 2022 | 53.03% |
| Dec 31, 2021 | 89.13% |
| Sep 30, 2021 | 66.61% |