TPG RE Finance Trust (TRTX) Net Margin (2016 - 2026)
TPG RE Finance Trust (TRTX) posted quarterly Net Margin of 27.51% for Q2 2026, down 1913.0% year-over-year from 1.52% in Q2 2025, and down 32.34% quarter-over-quarter from 40.65% in Q1 2026.
TPG RE Finance Trust (TRTX) Net Margin (2016 - 2026) Analysis & Trends
TPG RE Finance Trust's Net Margin history runs 11 years deep, the most recent figure standing at 27.51% for Q2 2026.
- In Q2 2026, Net Margin fell 1913.0% year-over-year to 27.51%; the TTM figure through Jun 2026 stood at 28.59% (down 680.0% YoY), while the FY2025 annual figure was 31.13%, down 784.0% from the prior year.
- Net Margin for Q2 2026 stood at 27.51%, down from 40.65% in the prior quarter.
- The five-year high for Net Margin was 629.82% in Q3 2022, with the low at 222.85% in Q2 2023.
- The 5-year median for Net Margin is 37.09% (2024), against an average of 48.65%.
- The sharpest annual moves came in 2022 and 2023: Net Margin soared 56320 bps in 2022, then plunged 57289 bps in 2023.
- TPG RE Finance Trust's Net Margin stood at 49.11% in 2022, then sank by 90 bps to 4.69% in 2023, then jumped by 324 bps to 19.89% in 2024, then sank by 98 bps to 0.45% in 2025, then surged by 5980 bps to 27.51% in 2026.
- Business Quant data shows TRTX's Net Margin at 27.51% in Q2 2026, 40.65% in Q1 2026, and 0.45% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | - |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 2.92% |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.57% |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 39.93% |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 34.76% |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 142.94% |
| 10 | TPG RE Finance Trust | 607.49 Mn | 536.68 Mn | - | 29.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.51% |
| Mar 31, 2026 | 40.65% |
| Dec 31, 2025 | 0.45% |
| Sep 30, 2025 | 48.75% |
| Jun 30, 2025 | 46.63% |
| Mar 31, 2025 | 26.90% |
| Dec 31, 2024 | 19.89% |
| Sep 30, 2024 | 46.52% |
| Jun 30, 2024 | 53.50% |
| Mar 31, 2024 | 33.54% |
| Dec 31, 2023 | 4.69% |
| Sep 30, 2023 | 56.93% |
| Jun 30, 2023 | -222.85% |
| Mar 31, 2023 | 15.14% |
| Dec 31, 2022 | 49.11% |
| Sep 30, 2022 | 629.82% |
| Jun 30, 2022 | -54.57% |
| Mar 31, 2022 | 53.03% |
| Dec 31, 2021 | 89.13% |
| Sep 30, 2021 | 66.61% |