Saturday 17 October 2026 Export MITT’s income statement to Excel — free account

TPG Mortgage Investment Trust Inc.

TPG Mortgage Investment Trust Inc.’s revenue for fiscal 2025 (year ended December 2025) was $480.3 million, up 17.6% from fiscal 2024. In the quarter to June 2026, revenue grew 12.0%, EPS grew 680.0%, free cash flow grew 110.5% and total debt rose 6.77%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.

5.36 0.18 −3.25%

Follow MITT

Alert me

Market cap: $176.2M
P/E: 7.2×
Fwd P/E: 11.8×
Dividend yield: 17.7%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 8.36%

Capital & Financial Ratios $m

Market Cap 176.19

Revenue 514.30

Net Income 43.95

Free Cash Flow 80.64

Net Debt 7,260.95

Current Ratio 0.00

Debt/Equity 13.45

P/E ratio 7.24

Fwd P/E 11.80

P/S ratio 0.33

P/B ratio 0.52

Past 5Y EPS Growth —

This Y EPS Growth 23.50%

Next Y EPS Growth 14.05%

Next Y revenue growth (82.53%)

Next 5Y EPS Growth 14.77%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 48.94%

10-year low 10-year high

P/S against its own 10 years 0.11%

10-year low 10-year high

P/B against its own 10 years 12.72%

10-year low 10-year high

EV/Sales against its own 10 years 9.33%

10-year low 10-year high

EV/FCF against its own 10 years 44.16%

10-year low 10-year high

Dividends

Payout Ratio 1.28

Annual Dividend Rate 0.95

Annual Dividend Yield 17.72%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.96	0.24 0.24 0.24
2025	0.85	0.20 0.21 0.21 0.23
2024	0.75	0.18 0.19 0.19 0.19
2023	0.72	0.18 0.18 0.18 0.08 0.05 0.05
2022	0.81	0.21 0.21 0.21 0.18
2021	0.81	0.18 0.21 0.21 0.21
2020	0.09	0.09
2019	5.70	1.50 1.50 1.35 1.35
2018	5.93	1.43 1.50 1.50 1.50
2017	5.70	1.43 1.43 1.43 1.43
2016	5.70	1.43 1.43 1.43 1.43

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	126	139	76	82
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	5,964	6,758	8,536	7,773

	2022	2023	2024	2025
Payables	—	—	—	—
ST’ Debt	621	—	742	826
Other	—	—	—	—
	—	—	742	826

Compound Annual Growth %

	10y	5y	3y
Sales	13.02%	45.16%	38.63%
Cash Flow	(3.72%)	70.32%	38.30%
Earnings	54.71%	0.00%	0.00%
Book Value	(1.72%)	6.48%	6.61%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	130	124	—	—	—
’25	109	111	125	136	480
’24	96	100	107	106	408
’23	58	61	64	78	260
’22	33	39	50	57	180
’21	12	14	20	25	71
’20	40	13	10	11	75

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	20	24	—	—	—
’25	12	12	17	19	60
’24	12	14	14	16	56
’23	7	9	3	10	28
’22	5	8	4	6	23
’21	6	3	10	7	26
’20	7	(7)	(3)	6	4

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	20	24	—	—	—
’25	12	12	17	19	60
’24	12	14	14	16	56
’23	7	9	3	10	28
’22	5	8	4	6	23
’21	6	3	10	7	26
’20	7	(7)	(3)	6	4

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.27)	0.29	—	—	—
’25	0.21	(0.05)	0.47	0.25	0.90
’24	0.55	(0.02)	0.40	0.30	1.23
’23	0.38	0.17	(0.33)	1.35	1.68
’22	(0.74)	(2.27)	(0.33)	0.33	(3.12)
’21	2.73	0.70	1.87	0.33	5.29
’20	(44.94)	(0.24)	1.32	3.48	(36.72)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	30.99	51.15	46.56	44.01	4.38	8.31	3.52	4.82	5.44	5.63	Analyst estimates 2026–2028 Powerpack
	High	56.55	59.85	59.07	55.47	50.10	14.88	10.68	7.05	7.95	9.07
People
People	Employees	400	400	490	500	550	600	650	0	0	—
	Revenue/emp, $m	0.31	0.32	0.32	0.34	0.14	0.12	0.28	0.00	0.00	0.00
Income, $m
Income, $m	Revenue	123	129	156	172	75	71	180	260	408	480
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	62	106	(12)	90	(420)	72	(43)	55	53	47
	EBT margin, %	50.54	82.22	(7.73)	52.25	(563.51)	102.31	(23.76)	21.19	12.90	9.73
	Net income	64	119	2	93	(421)	104	(53)	54	56	49
	Depreciation	(10)	(5)	(4)	(5)	(5)	6	5	9	11	23
Per share, $
Per share, $	Revenue	13.20	13.87	16.54	16.00	6.35	4.35	7.88	12.34	13.85	15.73
	Earnings	5.40	11.31	(1.26)	7.17	(36.72)	5.29	(3.12)	1.68	1.23	0.90
	Cash flow	5.67	6.34	8.25	6.08	0.35	1.62	0.98	1.33	1.89	1.95
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	5.67	6.34	8.25	6.08	0.35	1.62	0.98	1.33	1.89	1.95
	Book value	70.40	76.90	69.32	79.13	34.93	35.13	20.22	25.05	18.43	18.36
	Shares, m	9	9	9	11	12	16	23	21	29	31
Valuation, ×
Valuation, ×	P/E	9.79	4.96	0.00	6.42	0.00	1.82	0.00	3.94	5.41	9.68
	P/S	4.00	4.06	2.89	2.89	1.39	2.35	0.70	0.50	0.48	0.54
	P/B	1.00	0.95	0.91	0.86	0.61	0.48	0.52	0.42	0.61	0.76
	EV/Sales	19.18	27.09	37.86	41.46	19.75	65.40	25.13	23.57	15.64	18.97
	EV/FCF	44.71	59.31	75.93	109.11	354.11	175.72	201.24	218.08	114.39	152.95
Cash, $m
Cash, $m	Operating cash flow	53	59	78	65	4	26	23	28	56	60
	Capex	—	(3)	(141)	—	—	—	—	—	—	—
	Free cash flow	53	59	78	65	4	26	23	28	56	60
Balance, $m
Balance, $m	Working capital	608	637	440	4,152	1,172	3,250	4,271	5,964	6,016	7,710
	Total debt	1,946	3,021	2,742	6,747	1,430	4,555	4,505	5,564	6,330	8,101
	Net debt	1,867	2,968	2,661	6,621	1,368	4,455	4,406	5,439	6,191	8,024
	Shareholders’ equity	656	714	656	849	410	570	463	528	543	561
Returns, %
Returns, %	ROA	1.73	3.27	(0.32)	1.95	(14.99)	3.61	(1.85)	0.68	0.56	0.35
	ROIC	2.69	2.76	1.42	1.68	(12.90)	1.54	1.43	3.13	3.92	3.53
	ROE	10.04	20.06	(2.27)	14.34	(115.24)	32.96	(24.13)	12.88	11.53	8.27

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NREF NexPoint Real Estate Finance, Inc.	$288.9M	6.5×	10.9×	+11.50% (above 0%: growing)	−46.30% (below 0%: shrinking)	−363.98% (below 0%: shrinking)	100.00%	25.54%	Compare
REFI Chicago Atlantic Real Estate Finance, Inc.	$240.6M	6.7×	7.0×	−11.02% (below 0%: shrinking)	−16.67% (below 0%: shrinking)	+40.10% (above 0%: growing)	100.00%	59.97%	Compare
ACRE Ares Commercial Real Estate Corporation	$198.6M	— (loss-making)	103×	+14.25% (above 0%: growing)	n/m	+1,481.15% (above 0%: growing)	100.00%	37.52%	Compare
RC Ready Capital Corp	$185.0M	— (loss-making)	— (loss-making)	−49.32% (below 0%: shrinking)	n/m	+231.22% (above 0%: growing)	100.00%	101.65%	Compare
MITT TPG Mortgage Investment Trust Inc.	$176.2M	7.2×	11.8×	+11.99% (above 0%: growing)	n/m	+110.45% (above 0%: growing)	100.00%	100.45%
AOMR Angel Oak Mortgage REIT Inc.	$167.6M	9.1×	14.1×	+17.96% (above 0%: growing)	+366.67% (above 0%: growing)	−496.84% (below 0%: shrinking)	25.95%	8.10%	Compare
CMTG Claros Mortgage Trust, Inc.	$166.5M	— (loss-making)	— (loss-making)	−42.45% (below 0%: shrinking)	n/m	+58.23% (above 0%: growing)	76.18%	(64.67%)	Compare
ACR ACRES Commercial Realty Corp.	$140.9M	— (loss-making)	— (loss-making)	−4.08% (below 0%: shrinking)	n/m	−57.74% (below 0%: shrinking)	92.55%	(26.38%)	Compare
CHMI Cherry Hill Mortgage Investment Corporation	$94.6M	13.8×	6.5×	+79.33% (above 0%: growing)	n/m	−62.73% (below 0%: shrinking)	100.00%	210.75%	Compare
Median of peers	$176.3M	7.9×	10.9×	+3.71%	−16.67%	−8.82%	100.00%	31.53%

All 37 Reit Mortgage stocks →

TPG Mortgage Investment Trust Inc. (MITT) key facts

Strength: TPG Mortgage Investment Trust Inc.’s revenue for fiscal 2025 (year ended December 2025) was $480.3 million, up 17.6% from fiscal 2024.
TPG Mortgage Investment Trust Inc. (MITT) is a Reit Mortgage company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, MITT traded at $5.36, a market capitalization of $176.2 million.
TPG Mortgage Investment Trust Inc. pays an annual dividend of $0.95 per share, a yield of 17.7%, with a payout ratio of 128.4%.
Return on equity was 8.27% and debt-to-equity 13.45.
Its Piotroski F-score is 4 out of 9 for fiscal 2025.