What is TPG INC's earnings per share (EPS)?

TPG INC (TPG) reported diluted earnings per share of $0.45 for fiscal year 2025. This represents a 207.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

TPG INC Financials

TPG

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows TPG INC (TPG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TPG FY2025 2026-05-01

Cash generation rather than net income defines the operating picture, while capital returns lean on a more leveraged balance sheet.

In FY2025, operating cash flow of $1.03B was more than five times net income of $184.6M, and a similar gap also showed up in FY2023 and FY2024. That matters because dividends reached $1.29B in FY2025, above both profit and cash from operations, so shareholder distributions were not funded by current-year earnings alone.

The cost pattern suggests some operating leverage: selling and admin expense did not rise as fast as revenue, so added scale helped before financing costs were counted. But interest expense increased to $102.3M from $31.8M over two years, which absorbed part of the benefit and kept bottom-line returns modest.

The balance sheet is becoming more financing-heavy rather than cash-heavier, with liabilities climbing while the cash balance stayed near the same level. With debt-to-equity at 0.4x and cash at $826.1M, capital returns depend more on continued inflows than on a large liquidity buffer.

Financial Health Signals

Financial Profile 35/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of TPG INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

100

TPG INC's revenue surged 33.4% year-over-year to $4.7B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

TPG INC carries a low D/E ratio of 0.42, meaning only $0.42 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Returns

TPG INC generates a 4.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100. This is up from 0.7% the prior year.

Piotroski F-Score Neutral

5/9

TPG INC passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

5.59x

For every $1 of reported earnings, TPG INC generates $5.59 in operating cash flow ($1.0B OCF vs $184.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.7B

YoY+33.4%

5Y CAGR+17.2%

TPG INC generated $4.7B in revenue in fiscal year 2025. This represents an increase of 33.4% from the prior year.

EBITDA

N/A

Net Income

$184.6M

YoY+686.0%

TPG INC reported $184.6M in net income in fiscal year 2025. This represents an increase of 686.0% from the prior year.

EPS (Diluted)

$0.45

YoY+207.1%

TPG INC earned $0.45 per diluted share (EPS) in fiscal year 2025. This represents an increase of 207.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$826.1M

YoY+2.2%

5Y CAGR-0.8%

TPG INC held $826.1M in cash against $1.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.98

YoY+20.0%

TPG INC paid $1.98 per share in dividends in fiscal year 2025. This represents an increase of 20.0% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

4.0%

YoY+3.3pp

5Y CAGR+4.0pp

TPG INC's net profit margin was 4.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.3 percentage points from the prior year.

Return on Equity

4.5%

YoY+3.8pp

TPG INC's ROE was 4.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

TPG Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$4.7B+33.4%	$3.5B+46.5%	$2.4B+19.3%	$2.0B-59.8%	$5.0B+135.3%	$2.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$702.2M+20.3%	$583.7M+20.7%	$483.6M+31.1%	$368.9M+32.4%	$278.6M+6.8%	$260.7M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$102.3M+32.7%	$77.1M+142.5%	$31.8M+67.4%	$19.0M+32.9%	$14.3M-8.9%	$15.7M
Income Tax	$67.0M+28.6%	$52.1M-13.6%	$60.3M+85.5%	$32.5M+259.4%	$9.0M-7.6%	$9.8M
Net Income	$184.6M+686.0%	$23.5M-70.7%	$80.1M-13.3%	$92.4M	$0	$0
EPS (Diluted)	$0.45+207.1%	$-0.42-950.0%	$-0.04+78.9%	$-0.19	$0.00	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$500.0M-66.5%	$1.5B+21.9%	$1.2B+32.9%	$920.5M-11.0%	$1.0B-3.9%	$1.1B+25.8%	$855.4M+14.9%	$744.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$147.9M-21.9%	$189.3M+13.9%	$166.2M-8.9%	$182.3M+11.0%	$164.3M+36.2%	$120.7M-14.6%	$141.3M-17.0%	$170.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$31.2M+13.0%	$27.6M-2.1%	$28.2M+17.0%	$24.1M+7.6%	$22.4M+7.2%	$20.9M+6.6%	$19.6M+0.5%	$19.5M
Income Tax	-$17.4M-177.5%	$22.5M-22.1%	$28.9M+213.3%	$9.2M+45.3%	$6.3M-44.5%	$11.4M-17.6%	$13.9M-38.0%	$22.4M
Net Income	-$1.5M-101.9%	$77.1M+14.9%	$67.1M+349.4%	$14.9M-41.2%	$25.4M+95.6%	$13.0M+44.8%	$9.0M+164.1%	-$14.0M
EPS (Diluted)	$-0.22	N/A	$0.20+500.0%	$-0.05	$0.00	N/A	$-0.08+57.9%	$-0.19

TPG Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$13.5B+28.1%	$10.5B+12.4%	$9.4B+18.0%	$7.9B-11.4%	$9.0B	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$826.1M+2.2%	$808.0M+21.5%	$665.2M-39.9%	$1.1B+13.9%	$972.7M+13.3%	$858.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$498.2M+14.2%	$436.1M0.0%	$436.1M+89.4%	$230.2M0.0%	$230.2M	N/A
Total Liabilities	$9.4B+34.8%	$6.9B+15.6%	$6.0B+43.0%	$4.2B+147.1%	$1.7B	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.7B+34.4%	$1.3B+35.7%	$945.1M+112.6%	$444.6M	N/A	N/A
Total Equity	$4.1B+15.2%	$3.6B+6.9%	$3.4B+8.9%	$3.1B-50.7%	$6.3B	N/A
Retained Earnings	-$291.6M-56.0%	-$187.0M-439.2%	-$34.7M-1373.2%	$2.7M	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$13.3B-1.4%	$13.5B+3.6%	$13.0B+8.8%	$12.0B+5.8%	$11.3B+7.4%	$10.5B+0.1%	$10.5B+4.5%	$10.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$851.4M+3.1%	$826.1M-23.5%	$1.1B-2.9%	$1.1B+35.3%	$822.0M+1.7%	$808.0M-30.6%	$1.2B+3.9%	$1.1B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$498.2M0.0%	$498.2M0.0%	$498.2M+14.2%	$436.1M0.0%	$436.1M0.0%	$436.1M0.0%	$436.1M0.0%	$436.1M
Total Liabilities	$9.6B+2.4%	$9.4B+1.2%	$9.2B+10.0%	$8.4B+7.6%	$7.8B+12.6%	$6.9B-2.7%	$7.1B+5.5%	$6.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$2.3B+36.0%	$1.7B-3.9%	$1.8B+11.3%	$1.6B+8.6%	$1.5B+15.7%	$1.3B-3.6%	$1.3B+8.2%	$1.2B
Total Equity	$3.7B-10.0%	$4.1B+9.6%	$3.8B+6.0%	$3.6B+1.7%	$3.5B-2.6%	$3.6B+6.0%	$3.4B+2.4%	$3.3B
Retained Earnings	-$397.7M-36.4%	-$291.6M+1.0%	-$294.4M-10.1%	-$267.4M-17.7%	-$227.1M-21.5%	-$187.0M-19.3%	-$156.7M-32.2%	-$118.5M

TPG Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.0B+94.0%	$532.1M-26.1%	$720.5M-47.6%	$1.4B-6.7%	$1.5B+1446.0%	$95.4M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$264.0M-493.6%	-$44.5M+88.1%	-$373.6M-12302.5%	-$3.0M+92.0%	-$37.7M+65.1%	-$108.1M
Financing Cash Flow	-$750.4M-117.6%	-$344.9M+56.3%	-$789.2M+36.3%	-$1.2B+6.4%	-$1.3B-628.3%	$250.3M
Dividends Paid	$1.3B+54.6%	$833.4M+26.9%	$656.8M	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$176.5M+504.0%	-$43.7M-108.9%	$492.0M+27.5%	$385.9M+94.7%	$198.2M+205.4%	-$188.1M-372.8%	$68.9M-67.9%	$214.6M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$516.3M-5438.1%	-$9.3M+96.2%	-$245.2M-7850.8%	-$3.1M+51.4%	-$6.3M-333.8%	-$1.5M+86.1%	-$10.6M-48.5%	-$7.1M
Financing Cash Flow	$365.1M+281.4%	-$201.3M+27.7%	-$278.5M-199.9%	-$92.8M+47.8%	-$177.8M-6.4%	-$167.1M-1032.7%	-$14.8M+91.7%	-$177.3M
Dividends Paid	$326.9M+56.9%	$208.3M-59.8%	$518.6M+84.5%	$281.1M+0.3%	$280.2M+40.7%	$199.1M-8.9%	$218.6M+18.8%	$184.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TPG Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	4.0%+3.3pp	0.7%-2.7pp	3.4%-1.3pp	4.6%+4.6pp	0.0%0.0pp	0.0%
Return on Equity	4.5%+3.8pp	0.7%-1.7pp	2.4%-0.6pp	3.0%+3.0pp	0.0%	N/A
Return on Assets	1.4%+1.1pp	0.2%-0.6pp	0.9%-0.3pp	1.2%+1.2pp	0.0%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.42+0.1	0.36+0.1	0.28+0.1	0.14-0.1	0.27	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-0.3%-5.5pp	5.2%-0.3pp	5.5%+3.9pp	1.6%-0.8pp	2.5%+1.2pp	1.2%+0.2pp	1.1%+2.9pp	-1.9%
Return on Equity	-0.0%-1.9pp	1.9%+0.1pp	1.8%+1.4pp	0.4%-0.3pp	0.7%+0.4pp	0.4%+0.1pp	0.3%+0.7pp	-0.4%
Return on Assets	-0.0%-0.6pp	0.6%+0.1pp	0.5%+0.4pp	0.1%-0.1pp	0.2%+0.1pp	0.1%+0.0pp	0.1%+0.2pp	-0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.63+0.2	0.42-0.1	0.47+0.0	0.45+0.0	0.42+0.1	0.36-0.0	0.39+0.0	0.37
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is TPG INC's annual revenue?

TPG INC (TPG) reported $4.7B in total revenue for fiscal year 2025. This represents a 33.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is TPG INC's revenue growing?

TPG INC (TPG) revenue grew by 33.4% year-over-year, from $3.5B to $4.7B in fiscal year 2025.

Is TPG INC profitable?

Yes, TPG INC (TPG) reported a net income of $184.6M in fiscal year 2025, with a net profit margin of 4.0%.

How much debt does TPG INC have?

As of fiscal year 2025, TPG INC (TPG) had $826.1M in cash and equivalents against $1.7B in long-term debt.

What is TPG INC's net profit margin?

TPG INC (TPG) had a net profit margin of 4.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does TPG INC pay dividends?

Yes, TPG INC (TPG) paid $1.98 per share in dividends during fiscal year 2025.

What is TPG INC's return on equity (ROE)?

TPG INC (TPG) has a return on equity of 4.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is TPG INC's operating cash flow?

TPG INC (TPG) generated $1.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are TPG INC's total assets?

TPG INC (TPG) had $13.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What is TPG INC's debt-to-equity ratio?

TPG INC (TPG) had a debt-to-equity ratio of 0.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TPG INC's return on assets (ROA)?

TPG INC (TPG) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is TPG INC's Piotroski F-Score?

TPG INC (TPG) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TPG INC's earnings high quality?

TPG INC (TPG) has an earnings quality ratio of 5.59x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is TPG INC?

TPG INC (TPG) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.