Blue Owl Capital Inc. (OWL) vs TPG Inc. (TPG)

Blue Owl Capital Inc. and TPG Inc. are both Asset Management companies. TPG Inc. is the larger, with a market value of $16.8B against $14.5B — 1.2× the size. TPG Inc. trades at the lower P/E: 37.6× against 77.7×. TPG Inc. grew revenue faster over the last twelve months: 30.1% against 14.2%. TPG Inc. has the higher net margin (4.67% vs 2.71%) and the higher return on invested capital (7.97% vs 3.63%). Both pay a dividend; Blue Owl Capital Inc. yields more (3.48% vs 2.87%). Across the 22 metrics below, TPG Inc. leads on 13 and Blue Owl Capital Inc. on 9.

Valuation

Metric OWL TPG Asset Management median
P/E 77.67 37.62 14.62
P/S 2.15 1.45 2.97
P/B 1.14 1.95 0.94
Price to free cash flow 4.85 7.97 8.93
EV/EBITDA 10.68 9.14 10.32
EV/Sales 3.18 1.72 5.72
Earnings yield 1.29% 2.66% 4.53%
Free cash flow yield 20.63% 12.55% 4.65%

Profitability

Metric OWL TPG Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 16.91% 15.54% 33.03%
Net margin 2.71% 4.67% 13.53%
Free cash flow margin 44.26% 18.15% 12.44%
Return on equity 1.35% 6.47% 4.83%
Return on assets 0.66% 1.82% 1.57%
Return on invested capital 3.63% 7.97% 3.04%

Growth

Metric OWL TPG Asset Management median
Revenue growth (TTM) 14.19% 30.07% 6.97%
EPS growth (last fiscal year) (50.00%) 207.14% —
Revenue growth, 5-year CAGR 62.95% 17.17% 12.13%
Net income growth, 5-year CAGR 0.00% (33.68%) 0.00%

Health

Metric OWL TPG Asset Management median
Debt to equity 0.68 0.63 0.42
Current ratio 0.54 0.31 1.28
Net debt to EBITDA 3.13 1.06 1.06

Dividend

Metric OWL TPG Asset Management median
Dividend yield 3.48% 2.87% 6.92%
Payout ratio 10.00 19.29 0.77

Size

Metric OWL TPG Asset Management median
Market cap 14.53b 16.78b 721.34m

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