Raymond James Financial, Inc. (RJF) vs TPG Inc. (TPG)

Raymond James Financial, Inc. and TPG Inc. are both Asset Management companies. Raymond James Financial, Inc. is the larger, with a market value of $30.5B against $16.8B — 1.8× the size. Raymond James Financial, Inc. trades at the lower P/E: 13.7× against 37.6×. TPG Inc. grew revenue faster over the last twelve months: 30.1% against 8.04%. Raymond James Financial, Inc. has the higher net margin (13.5% vs 4.67%) and the higher return on invested capital (75.2% vs 7.97%). Both pay a dividend; TPG Inc. yields more (2.87% vs 1.62%). Across the 22 metrics below, Raymond James Financial, Inc. leads on 13 and TPG Inc. on 9.

Valuation

Metric RJF TPG Asset Management median
P/E 13.66 37.62 14.62
P/S 1.83 1.45 2.97
P/B 2.43 1.95 0.94
Price to free cash flow 21.51 7.97 8.93
EV/EBITDA 4.55 9.14 10.32
EV/Sales 1.30 1.72 5.72
Earnings yield 7.32% 2.66% 4.53%
Free cash flow yield 4.65% 12.55% 4.65%

Profitability

Metric RJF TPG Asset Management median
Gross margin 100.00% 100.00% 100.00%
Operating margin 27.47% 15.54% 33.03%
Net margin 13.53% 4.67% 13.53%
Free cash flow margin 8.49% 18.15% 12.44%
Return on equity 18.41% 6.47% 4.83%
Return on assets 2.57% 1.82% 1.57%
Return on invested capital 75.18% 7.97% 3.04%

Growth

Metric RJF TPG Asset Management median
Revenue growth (TTM) 8.04% 30.07% 6.97%
EPS growth (last fiscal year) 6.19% 207.14% —
Revenue growth, 5-year CAGR 14.27% 17.17% 12.13%
Net income growth, 5-year CAGR 21.06% (33.68%) 0.00%

Health

Metric RJF TPG Asset Management median
Debt to equity 0.43 0.63 0.42
Current ratio 1.06 0.31 1.28
Net debt to EBITDA (2.09) 1.06 1.06

Dividend

Metric RJF TPG Asset Management median
Dividend yield 1.62% 2.87% 6.92%
Payout ratio 0.20 19.29 0.77

Size

Metric RJF TPG Asset Management median
Market cap 30.54b 16.78b 721.34m

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