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

TPG Inc.

TPG Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, up 33.4% from fiscal 2024. In the quarter to June 2026, revenue grew 100.0%, EPS grew 1,366.7%, free cash flow fell 14.3% and total debt rose 45.5%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

42.52 0.85 −1.96%

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Market cap: $16.7B
P/E: 36.0×
Fwd P/E: 14.3×
Dividend yield: 5.27%
F-score: 6/9
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 15.72%

Capital & Financial Ratios $m

Market Cap 16,680.00

Revenue 5,056.23

Net Income 678.04

Free Cash Flow 917.48

Net Debt 1,385.87

Current Ratio 0.31

Debt/Equity 0.63

P/E ratio 36.03

Fwd P/E 14.30

P/S ratio 1.38

P/B ratio 1.87

Past 5Y EPS Growth (49.31%)

This Y EPS Growth 15.53%

Next Y EPS Growth 26.84%

Next Y revenue growth (62.72%)

Next 5Y EPS Growth 20.88%

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

Valuation vs history

P/E against its own 10 years 37.95%

10-year low 10-year high

P/S against its own 10 years 39.87%

10-year low 10-year high

P/B against its own 10 years 76.05%

10-year low 10-year high

Dividends

Payout Ratio 3.39

Annual Dividend Rate 2.24

Annual Dividend Yield 5.27%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.79	0.61 0.59 0.59
2025	1.40	0.53 0.41 0.59 0.45
2024	1.65	0.44 0.41 0.42 0.38
2023	1.40	0.50 0.20 0.22 0.48
2022	1.09	0.44 0.39 0.26
2021	Powerpack
2020	Powerpack
2019	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	678	821	839	958
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	678	1,174	1,700	1,888

	2023	2024	2025	Q'26
Payables	172	212	231	366
ST’ Debt	—	—	—	—
Other	—	—	—	—
	4,268	4,588	5,630	5,997

Compound Annual Growth %

	10y	5y	3y
Sales	—	17.17%	32.61%
Cash Flow	—	61.01%	(9.13%)
Earnings	—	(33.68%)	25.93%
Book Value	—	15.44%	10.26%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	500	1,841	—	—	—
’25	1,035	921	1,224	1,491	4,670
’24	824	744	855	1,076	3,500
’23	643	603	160	983	2,390
’22	1,111	(108)	561	439	2,003
’21	1,205	2,181	511	1,079	4,976
’20	—	—	—	1,550	2,115

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	177	348	—	—	—
’25	198	386	492	(44)	1,032
’24	437	215	69	(188)	532
’23	36	505	692	(512)	721
’22	714	(9)	84	587	1,376
’21	241	(306)	1,122	417	1,475
’20	—	—	—	95	95

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	160	328	—	—	—
’25	192	383	482	(53)	1,004
’24	427	208	58	(190)	504
’23	35	500	687	(518)	704
’22	712	(10)	84	587	1,373
’21	241	(306)	1,121	417	1,473
’20	—	—	—	87	87

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.22)	0.39	—	—	—
’25	0.00	(0.05)	0.20	0.29	0.45
’24	(0.11)	(0.19)	(0.08)	0.03	(0.42)
’23	(0.01)	0.02	(0.09)	0.04	(0.04)
’22	0.53	(0.37)	0.09	(0.03)	(0.19)
’21	—	—	—	0.25	1.80
’20	—	—	—	—	13.44

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	—	—	23.09	24.74	38.20	37.52	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	—	—	44.43	44.46	72.98	70.11
People
People	Employees	—	—	—	—	—	1,013	1,110	1,850	1,900	1,900
	Revenue/emp, $m	—	—	0.00	0.00	0.00	4.91	1.80	1.29	1.84	2.46
Income, $m
Income, $m	Revenue	—	—	1,404	1,988	2,115	4,976	2,003	2,390	3,500	4,670
	Gross margin, %	—	—	0.00	0.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	—	—	719	1,186	1,449	4,665	(24)	84	(25)	667
	EBT margin, %	—	—	51.21	59.66	68.50	93.74	(1.19)	3.50	(0.71)	14.27
	Net income	—	—	265	481	1,439	4,656	(56)	23	(77)	600
	Depreciation	—	—	—	—	—	—	33	48	135	145
Per share, $
Per share, $	Revenue	—	—	20.35	28.81	30.65	70.09	25.27	29.75	34.92	33.63
	Earnings	—	—	3.83	6.96	13.44	2.91	1.10	0.89	0.00	0.89
	Cash flow	—	—	3.30	1.13	1.38	20.77	17.36	8.97	5.31	7.43
	Capex	—	—	0.00	0.00	(0.12)	(0.03)	(0.03)	(0.21)	(0.28)	(0.21)
	Free cash flow	—	—	3.30	1.13	1.26	20.75	17.33	8.76	5.03	7.23
	Book value	—	—	0.00	29.25	0.00	88.19	38.94	41.84	35.84	29.78
	Shares, m	—	—	69	69	69	71	79	80	100	139
Valuation, ×
Valuation, ×	P/E	—	—	2.65	2.65	2.65	2.65	10.81	45.91	721.47	70.93
	P/S	—	—	0.54	0.54	0.54	0.54	1.12	1.37	1.80	1.90
	P/B	—	—	0.43	0.43	0.43	0.43	0.73	0.98	1.75	2.14
	EV/Sales	—	—	0.43	0.43	0.43	0.43	0.78	1.49	1.93	2.09
	EV/FCF	—	—	1.46	1.46	1.46	1.46	1.14	5.04	13.41	9.71
Cash, $m
Cash, $m	Operating cash flow	—	—	228	78	95	1,475	1,376	721	532	1,032
	Capex	—	—	(5)	(8)	(8)	(2)	(2)	(17)	(28)	(29)
	Free cash flow	—	—	228	78	87	1,473	1,373	704	504	1,004
Balance, $m
Balance, $m	Working capital	—	—	—	—	—	857	(2,242)	(3,589)	(3,414)	(3,930)
	Total debt	—	—	—	462	459	444	445	945	1,282	1,723
	Net debt	—	—	—	(207)	(416)	(547)	(681)	267	461	883
	Shareholders’ equity	—	—	—	2,018	—	6,261	3,086	3,361	3,592	4,136
Returns, %
Returns, %	ROA	—	—	0.00	0.00	52.24	0.00	1.09	0.93	0.24	1.54
	ROIC	—	—	—	0.00	0.00	44.40	1.51	0.45	(1.21)	7.17
	ROE	—	—	0.00	0.00	64.25	0.00	1.98	2.48	0.68	4.78

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
TROW T. Rowe Price Group, Inc.	$21.6B	10.1×	11.9×	+10.68% (above 0%: growing)	+28.57% (above 0%: growing)	−3.59% (below 0%: shrinking)	100.00%	28.34%	Compare
TPG TPG Inc.	$16.7B	36.0×	14.3×	+100.04% (above 0%: growing)	n/m	−14.25% (below 0%: shrinking)	100.00%	20.65%
BEN Franklin Resources Inc	$15.9B	21.1×	18.2×	+14.26% (above 0%: growing)	+106.67% (above 0%: growing)	−55.71% (below 0%: shrinking)	100.00%	9.15%	Compare
CRBG Corebridge Financial, Inc.	$15.4B	20.1×	7.5×	+43.58% (above 0%: growing)	n/m	+83.01% (above 0%: growing)	31.27%	4.68%	Compare
EQH Equitable Holdings, Inc.	$14.6B	— (loss-making)	6.8×	−29.81% (below 0%: shrinking)	n/m	+89.52% (above 0%: growing)	50.84%	(26.36%)	Compare
OWL Blue Owl Capital Inc.	$14.0B	73.8×	28.8×	+7.10% (above 0%: growing)	−33.33% (below 0%: shrinking)	+9.82% (above 0%: growing)	100.00%	15.46%	Compare
ARCC Ares Capital Corporation	$13.6B	13.9×	12.0×	+3.09% (above 0%: growing)	−53.85% (below 0%: shrinking)	+254.13% (above 0%: growing)	100.00%	75.65%	Compare
CG Carlyle Group Inc.	$13.1B	36.0×	11.9×	−28.57% (below 0%: shrinking)	−57.30% (below 0%: shrinking)	+82.56% (above 0%: growing)	100.00%	39.97%	Compare
IVZ Invesco Ltd.	$12.7B	— (loss-making)	11.1×	+20.46% (above 0%: growing)	n/m	+32.67% (above 0%: growing)	65.65%	19.95%	Compare
Median of peers	$14.3B	20.6×	11.9×	+8.89%	−33.33%	+57.61%	100.00%	17.70%

All 120 Asset Management stocks →

TPG Inc. (TPG) key facts

Strength: TPG Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, up 33.4% from fiscal 2024.
TPG Inc. (TPG) is an Asset Management company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, TPG traded at $42.52, a market capitalization of $16.7 billion.
TPG Inc. pays an annual dividend of $2.24 per share, a yield of 5.27%.
Return on equity was 4.78% and debt-to-equity 0.63.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.