Corebridge Financial, Inc. (CRBG) vs TPG Inc. (TPG)

Corebridge Financial, Inc. and TPG Inc. are both Asset Management companies. Corebridge Financial, Inc. and TPG Inc. are of similar size ($16.7B and $15.4B). Corebridge Financial, Inc. trades at the lower P/E: 20.1× against 36.0×. TPG Inc. grew revenue faster over the last twelve months: 30.1% against 29.8%. TPG Inc. has the higher net margin (4.67% vs 4.43%) and the higher return on invested capital (7.97% vs 4.59%). Both pay a dividend; TPG Inc. yields more (5.27% vs 2.88%). Across the 21 metrics below, TPG Inc. leads on 15 and Corebridge Financial, Inc. on 6.

Valuation

Metric CRBG TPG Asset Management median
P/E 20.09 36.03 13.99
P/S 0.78 1.38 2.76
P/B 1.43 1.87 0.85
Price to free cash flow 8.43 7.63 8.32
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.98% 2.78% 4.72%
Free cash flow yield 11.87% 13.10% 4.44%

Profitability

Metric CRBG TPG Asset Management median
Gross margin 30.45% 100.00% 100.00%
Operating margin 8.01% 15.54% 33.42%
Net margin 4.43% 4.67% 13.37%
Free cash flow margin 9.23% 18.15% 12.36%
Return on equity 7.39% 6.47% 4.79%
Return on assets 0.22% 1.82% 1.55%
Return on invested capital 4.59% 7.97% 2.97%

Growth

Metric CRBG TPG Asset Management median
Revenue growth (TTM) 29.77% 30.07% 7.42%
EPS growth (last fiscal year) (118.28%) 207.14% (6.67%)
Revenue growth, 5-year CAGR 4.18% 17.17% 12.51%
Net income growth, 5-year CAGR 0.00% (33.68%) 0.00%

Health

Metric CRBG TPG Asset Management median
Debt to equity 0.96 0.63 0.44
Current ratio 0.09 0.31 1.30
Net debt to EBITDA 18.45 1.06 1.02

Dividend

Metric CRBG TPG Asset Management median
Dividend yield 2.88% 5.27% 6.60%
Payout ratio 0.58 3.39 0.94

Size

Metric CRBG TPG Asset Management median
Market cap 15.35b 16.68b 694.86m

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