TPG RE Finance Trust (TRTX) Net Margin (2016 - 2026)
TPG RE Finance Trust's Net Margin was 40.65% in Q1 2026, up 13.76 percentage points from 26.90% a year earlier and up 40.11 percentage points from the prior quarter.
Powered by 
Analysis
TPG RE Finance Trust (TRTX) Net Margin (2016 - 2026) Analysis & Trends
For FY2025, Net Margin at TPG RE Finance Trust came in at 31.13%, down 7.84 percentage points from FY2024.
- Net Margin shows a five-year change of +119.01 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 38.97% in FY2024 (+151.44 pp), -112.47% in FY2023 (-61.66 pp), -50.81% in FY2022 (-96.24 pp) and 45.43% in FY2021 (+133.32 pp).
- The Q1 2026 figure marks the highest quarterly Net Margin since Q4 2022.
- Compared with a year earlier, Net Margin was higher in two of the last four quarters, with an average year-over-year change of -0.18 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q4 2021 (a gain of 91.27 percentage points); the worst was Q3 2022 (a drop of 437.56 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 8.26% |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 32.04% |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 2.65% |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 2.02% |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 138.65% |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 18.21% |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 52.47% |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | TPG RE Finance Trust | 481.93 Mn | 89.70 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 40.65% |
| Dec 31, 2025 | 0.54% |
| Mar 31, 2025 | 26.90% |
| Dec 31, 2024 | 19.89% |
| Mar 31, 2024 | 33.54% |
| Dec 31, 2023 | 8.36% |
| Mar 31, 2023 | 15.14% |
| Dec 31, 2022 | 90.69% |
| Sep 30, 2022 | -370.95% |
| Jun 30, 2022 | -22.79% |
| Mar 31, 2022 | 53.03% |
| Dec 31, 2021 | 107.65% |
| Sep 30, 2021 | 66.61% |
| Jun 30, 2021 | -52.52% |
| Mar 31, 2021 | 63.85% |
| Dec 31, 2020 | 16.37% |
| Sep 30, 2020 | 63.49% |
| Jun 30, 2020 | 90.52% |
| Mar 31, 2020 | -533.68% |
| Dec 31, 2019 | 78.00% |
API Access
TPG RE Finance Trust Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=TRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "TRTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=TRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();