TPG RE Finance Trust (TRTX) Return on Invested Capital [ROIC] (2018 - 2026)
TPG RE Finance Trust (TRTX) reported Return on Invested Capital [ROIC] of 16.67% for Q2 2026, up 5.54 percentage points from 11.13% a year earlier and up 0.19 percentage points from the prior quarter.
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Analysis
TPG RE Finance Trust (TRTX) Return on Invested Capital [ROIC] (2018 - 2026) Analysis & Trends
For FY2025, TPG RE Finance Trust posted Return on Invested Capital [ROIC] of 12.61%, up 3.29 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased for three consecutive years, with a five-year change of +13.52 percentage points (FY2020 to FY2025).
- By year, Return on Invested Capital [ROIC] came in at 9.33% in FY2024 (+4.70 pp), 4.62% in FY2023 (+2.02 pp), 2.60% in FY2022 (-3.68 pp) and 6.28% in FY2021 (+7.18 pp).
- Five-year quarterly Return on Invested Capital [ROIC] spans a low of 1.68% in Q3 2022 and a high of 17.11% in Q4 2025.
- Year over year, Return on Invested Capital [ROIC] has now increased in each of the last three quarters, with an average year-over-year change of +1.35 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was Q3 2023 (a gain of 10.70 percentage points); the low point was Q3 2025 (a drop of 4.22 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 16.49% (Q1 2026), 17.11% (Q4 2025) and 11.12% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.94 Bn | 29.62 Bn | - | 3.08% |
| 2 | Orix | 41.70 Bn | 42.20 Bn | - | 2.93% |
| 3 | Royalty Pharma | 32.87 Bn | 32.78 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | - |
| 5 | Affirm Holdings | 23.86 Bn | 17.55 Bn | - | 5.55% |
| 6 | Synchrony Financial | 23.33 Bn | -44.64 Bn | - | 26.91% |
| 7 | Royal Gold | 19.87 Bn | 19.09 Bn | 390.45 Mn | 9.67% |
| 8 | Annaly Capital Management | 13.89 Bn | 4.98 Bn | - | 16.56% |
| 9 | Ares Capital | 13.54 Bn | 10.98 Bn | - | - |
| 10 | TPG RE Finance Trust | 472.69 Mn | 80.46 Mn | - | 16.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.67% |
| Mar 31, 2026 | 16.49% |
| Dec 31, 2025 | 17.11% |
| Sep 30, 2025 | 11.12% |
| Jun 30, 2025 | 11.13% |
| Mar 31, 2025 | 13.09% |
| Dec 31, 2024 | 15.32% |
| Sep 30, 2024 | 15.34% |
| Jun 30, 2024 | 14.19% |
| Mar 31, 2024 | 12.03% |
| Dec 31, 2023 | 11.97% |
| Sep 30, 2023 | 12.38% |
| Jun 30, 2023 | 5.25% |
| Mar 31, 2023 | 3.62% |
| Dec 31, 2022 | 2.69% |
| Sep 30, 2022 | 1.68% |
| Jun 30, 2022 | 4.44% |
| Mar 31, 2022 | 5.25% |
| Dec 31, 2021 | 5.43% |
| Sep 30, 2021 | 4.54% |
API Access
TPG RE Finance Trust Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=TRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=TRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();