Friday 6 November 2026 Export TRTX’s income statement to Excel — free account

TPG RE Finance Trust, Inc.

TPG RE Finance Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $146.1 million, down 4.57% from fiscal 2024.

Revenue: −5.07%
EPS: −46.7%
Free cash flow: −40.7%
Total debt: +46.5%

Quarter to September 2026, against a year earlier

6.85 0.17 −2.42%

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Market cap: $532.3M
P/E: 16.3×
Fwd P/E: 12.3×
Dividend yield: 13.6%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
Piotroski F-Score Full definition →	5	5	4	3	5	4	3	4	5	—
P/E ratio Full definition →	15.38	11.33	0.00	0.00	13.25	0.00	11.72	10.69	10.11	39.97
P/S ratio Full definition →	4.67	4.43	4.33	3.69	6.09	4.60	8.84	8.18	8.44	11.35
P/FCF ratio Full definition →	5.52	6.35	2.23	1.76	5.09	6.17	12.13	10.71	11.34	12.61
P/Operating CF Full definition →	27.69	26.60	21.68	29.79	26.99	27.17	43.63	39.05	43.14	45.03
P/B ratio Full definition →	0.64	0.61	0.45	0.40	0.65	0.64	0.98	0.87	0.86	1.24
Price to Tangible BV Full definition →	0.64	0.61	0.45	0.40	0.65	0.64	0.98	0.87	0.86	1.24
EV/Sales Full definition →	26.14	18.75	24.19	24.72	28.24	21.94	33.89	30.02	22.76	21.41
EV/EBITDA Full definition →	46.57	29.74	39.68	34.43	34.83	27.93	43.59	38.97	32.07	29.89
EV/Operating CF Full definition →	42.27	25.60	35.14	35.65	33.25	29.40	46.44	39.27	30.53	23.74
EV/FCF Full definition →	30.89	26.88	12.46	11.77	23.57	29.42	46.48	39.31	30.57	23.80
Quick Ratio Full definition →	5.36	10.04	20.99	19.77	18.30	20.40	6.45	11.05	0.31	1.30
Current Ratio Full definition →	183.34	158.07	158.41	151.81	359.00	281.32	342.03	311.38	10.96	22.07
Net Debt/EBITDA Full definition →	38.25	22.71	32.58	29.29	27.31	22.07	32.22	28.35	20.17	20.44
Debt/Assets Full definition →	73.29%	63.87%	65.65%	64.91%	71.06%	69.03%	72.20%	68.87%	54.45%	58.30%
Debt/Equity Full definition →	3.02	2.14	2.46	2.72	2.53	2.67	2.83	2.35	1.52	1.60
Asset Turnover Full definition →	0.04	0.04	0.02	0.03	0.03	0.03	0.03	0.04	0.04	0.04
Operating CF/Net income Full definition →	1.99	1.88	(0.61)	(1.36)	1.87	(0.85)	0.97	1.01	0.97	1.23
Capex/Depreciation Full definition →	2.31	(0.30)	15.74	38.16	6.26	0.00	0.00	0.00	0.01	(0.51)
ROE Full definition →	4.17%	5.33%	(10.70%)	(5.29%)	5.18%	(11.23%)	8.87%	8.46%	8.69%	8.29%
ROA Full definition →	1.12%	1.50%	(2.68%)	(1.37%)	1.40%	(2.88%)	2.41%	2.71%	3.13%	2.92%
ROIC Full definition →	1.00%	1.49%	1.21%	1.43%	1.50%	1.97%	1.40%	1.52%	2.00%	1.81%
Return on Tangible Assets Full definition →	1.05%	1.63%	(3.21%)	(1.35%)	1.37%	(3.18%)	2.48%	2.41%	3.18%	2.81%
Average Days of Receivables Full definition →	72.81	65.90	208.57	413.75	0.44	58.97	35.21	303.74	51.39	195.18
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	29.14%	25.22%	36.38%	30.91%	24.49%	22.80%	23.89%	23.85%	22.75%	24.28%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	6.71%	4.17%	6.90%	3.49%	3.70%	3.26%	1.53%	0.47%	0.03%	0.00%
Graham Net Nets Full definition →	1.19	1.21	1.67	2.38	1.45	1.43	0.47	1.09	1.08	0.69
Graham Number Full definition →	13.03	15.35	0.00	0.00	19.95	0.00	28.37	28.46	30.66	0.00
Earnings Yield Full definition →	6.50%	8.82%	(26.04%)	(13.73%)	7.55%	(19.21%)	8.53%	9.35%	9.89%	2.50%
Free Cash Flow Yield Full definition →	18.11%	15.75%	44.88%	56.93%	19.67%	16.21%	8.24%	9.34%	8.82%	7.93%
Revenue per Share Full definition →	1.84	1.92	1.50	1.88	2.02	2.31	2.29	2.23	2.26	2.23
Operating CF per Share Full definition →	1.14	1.41	1.03	1.30	1.72	1.72	1.67	1.71	1.68	2.07
Capex per Share Full definition →	0.42	(0.07)	0.90	1.94	0.71	0.00	0.00	0.00	0.00	(0.01)
Free Cash Flow per Share Full definition →	1.56	1.34	1.94	3.24	2.42	1.72	1.67	1.71	1.68	2.06
Cash per Share Full definition →	1.16	2.39	5.86	7.13	3.39	4.17	1.10	0.65	1.40	2.51
Shareholders Equity per Share Full definition →	13.47	13.96	14.50	17.10	19.03	16.53	20.67	21.05	22.17	23.44
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	13.47	13.96	14.50	17.10	19.03	16.53	20.67	21.05	22.17	23.44
Free Cash Flow Full definition →	123.66	106.81	150.20	250.16	186.54	132.09	121.67	107.70	91.06	85.23
Working Capital Full definition →	4,127.27	3,413.43	3,905.63	5,460.99	5,114.35	4,787.82	5,061.30	4,437.44	2,970.29	2,485.41
Capital Expenditures Full definition →	33.30	(5.32)	70.07	149.66	54.37	—	—	—	(0.11)	(0.50)
Net Current Asset Value Full definition →	811.70	817.77	840.91	1,274.06	1,375.32	1,163.05	687.22	1,252.12	1,114.58	908.48
EV/EBIT Full definition →	56.51	36.40	42.33	35.77	37.40	28.42	44.52	39.42	29.46	28.04
Capex to Sales Full definition →	(0.23)	0.03	(0.60)	(1.03)	(0.35)	0.00	0.00	0.00	0.00	0.01
Price to Operating Income Full definition →	10.10	8.60	7.57	5.34	8.07	5.96	11.62	10.74	10.93	14.86
Other line items
Depreciation/Fixed assets Full definition →	0.06	0.07	0.03	0.00	0.14	0.02	0.00	0.00	0.00	0.00
Cash ROIC Full definition →	2.82%	2.90%	3.46%	4.57%	3.43%	2.65%	2.08%	2.40%	2.93%	3.24%
Accounts Receivable Turnover Full definition →	5.15	3.25	1.01	1.76	10.81	7.92	2.50	2.10	3.67	1.44
Average Receivables Full definition →	28.40	47.08	115.41	82.25	14.39	22.34	66.66	67.23	33.32	64.25
Average Assets Full definition →	4,068.83	3,972.87	4,879.73	5,381.58	5,063.38	5,400.81	5,209.83	3,941.09	3,010.48	2,392.67
Average Common Equity Full definition →	1,091.02	1,119.41	1,223.38	1,393.34	1,365.80	1,385.43	1,415.56	1,264.25	1,086.01	843.52

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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