TPG RE Finance Trust TRTX
NYSE TRTX
$7.72 -0.16 (-2.09%)
As of: Sep 8, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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%