Growth & profitability
- Revenue has grown 22.4% per year over the past 5 years.
Financial health
- Total debt ($1.7B) exceeds cash ($826M); net debt is $896M.
- Total debt has grown faster than revenue (57.1% vs 22.4% per year).
TPG Financials Tpg Inc.
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $2.4B | $185M | 0.0% | 0.0% | — | $1.7B | $826M |
| 2024 | $2.1B | $23M | 0.0% | 0.0% | — | $1.3B | $808M |
| 2023 | $1.5B | $80M | 0.0% | 0.0% | — | $945M | $665M |
| 2022 | $1.2B | $92M | 0.0% | 0.0% | — | $445M | $1.1B |
| 2021 | $978M | $0 | 0.0% | 0.0% | — | — | $973M |
| 2020 | $883M | $0 | 0.0% | 0.0% | — | — | $858M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $620M | -$1M | 0.0% | 0.0% | — | $2.3B | $851M |
| Dec '25 | $715M | $77M | 0.0% | 0.0% | — | $1.7B | $826M |
| Sep '25 | $596M | $67M | 0.0% | 0.0% | — | $1.8B | $1.1B |
| Jun '25 | $569M | $15M | 0.0% | 0.0% | — | $1.6B | $1.1B |
| Mar '25 | $543M | $25M | 0.0% | 0.0% | — | $1.5B | $822M |
| Dec '24 | $527M | $13M | 0.0% | 0.0% | — | $1.3B | $808M |
| Sep '24 | $525M | $9M | 0.0% | 0.0% | — | $1.3B | $1.2B |
| Jun '24 | $523M | -$14M | 0.0% | 0.0% | — | $1.2B | $1.1B |
| Mar '24 | $512M | $16M | 0.0% | 0.0% | — | $1.2B | $1.1B |
| Dec '23 | $530M | $13M | 0.0% | 0.0% | — | $945M | $665M |
| Sep '23 | $366M | $15M | 0.0% | 0.0% | — | $444M | $1.2B |
| Jun '23 | $327M | $27M | 0.0% | 0.0% | — | $445M | $894M |
| Mar '23 | $311M | $25M | 0.0% | 0.0% | — | — | $932M |
| Dec '22 | $350M | $24M | 0.0% | 0.0% | — | $445M | $1.1B |
| Sep '22 | $333M | $37M | 0.0% | 0.0% | — | — | $1.1B |
| Jun '22 | $290M | -$10M | 0.0% | 0.0% | — | — | $1.2B |
| Mar '22 | $273M | $41M | 0.0% | 0.0% | — | — | $1.5B |
| Dec '21 | $293M | — | 0.0% | 0.0% | — | — | $973M |
| Sep '21 | $280M | — | 0.0% | 0.0% | — | — | $1.8B |
| Jun '21 | $195M | — | 0.0% | 0.0% | — | — | $897M |
Valuation over time
How the market has priced TPG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 50.6× (Mar '23) to 34.6× (Jun '26).
- The price-to-sales ratio has fallen from 3.8× (Mar '23) to 2.6× (Jun '26).
P/E
P/S
Frequently asked questions
Is TPG growing its revenue and profit?
Over the past 5 years, Tpg Inc.'s revenue has grown 22.4% per year. These are computed facts, not advice.
How much debt does TPG have?
As of FY2025, Tpg Inc. reported $1.7B of total debt against $826M of cash.
What is TPG's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 7.6%.
What is TPG's P/E ratio?
As of Jun '26, Tpg Inc. traded at a price-to-earnings ratio of about 34.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.