TPG Inc

TPG · NASDAQ · Financial Services / Asset Management

48.26USD+0.15 (+0.31%)

Price History

Full chart

Market Stats

Previous Close48.11

Open48.60

Day Range47.08 – 48.94

52-Week Range36.07 – 67.83

Volume2.65M

Market Cap17.34B

P/E (TTM)66.25

Forward P/E12.67

EPS0.67

Dividend Yield5.05%

Beta1.45

50-Day Avg48.35

200-Day Avg48.45

About

TPG Inc. operates as an alternative asset manager in the United States and internationally. The company provides investment management services to TPG Funds, limited partners, separately managed accounts and clients, and other vehicles; advisory, debt and equity arrangement, and underwriting and placement services; and capital structuring and other advice services. In addition, it invests in private equity funds, real estate funds, hedge funds, and credit funds. TPG Inc. was founded in 1992 and is based in Fort Worth, Texas.

Company Details

SectorFinancial Services
IndustryAsset Management
CEOMr. Jon Winkelried
Employees1.90K
Headquarters301 Commerce Street, Fort Worth, TX, United States, 76102, USA
Websitehttps://www.tpg.com

Leadership

Mr. James George CoulterFounder & Executive Chairman · b. 1960
Mr. Jon WinkelriedCEO & Director · b. 1960
Mr. Todd Benjamin SisitskyPresident & Director · b. 1971
Ms. Jennifer L. Chu J.D.Corporate Secretary, Partner, Chief Legal Officer & General Counsel · b. 1980
Mr. Jack Charles WeingartCEO of Global Wealth Solutions Business · b. 1966
Mr. Axel Philippe Alain Andre Ph.D.Chief Financial Officer · b. 1977
Ms. Anilu Vazquez-Ubarri J.D.COO & Director · b. 1977
Mr. Martin Louis Davidson CPAChief Accounting Officer · b. 1977
Gary SteinHead of Investor Relations
Ms. Roberta Joann HarrisChief Compliance Officer · b. 1970

Financials

Income Statement

Currency: USD	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	1.58B	2.15B	2.27B	5.58B	1.50B	1.86B	2.62B	4.67B
Growth (%)	-	+36.01%	+5.18%	+146.29%	-73.05%	+23.35%	+41.37%	+77.91%
Cost of Revenue	11.42M	17.80M	19.71M	17.03M	21.61M	38.53M	87.51M	144.54M
Gross Profit	1.57B	2.14B	2.25B	5.56B	1.48B	1.82B	2.54B	4.52B
Gross Margin	99.28%	99.17%	99.13%	99.69%	98.56%	97.92%	96.66%	96.90%
Operating Expense	853.66M	950.68M	797.84M	899.53M	1.51B	1.73B	2.56B	3.84B
Operating Income	719.08M	1.19B	1.45B	4.67B	-23.75M	83.65M	-24.82M	685.07M
Operating Margin	45.39%	55.05%	63.92%	83.58%	-1.58%	4.51%	-0.95%	14.68%
EBITDA	730.29M	1.20B	1.46B	4.69B	9.24M	131.33M	110.56M	825.55M
EBITDA Margin	46.10%	55.48%	64.24%	83.96%	0.61%	7.08%	4.21%	17.69%
Net Income	264.54M	480.51M	927.58M	2.18B	92.43M	80.09M	23.48M	184.59M
Net Income Margin	16.70%	22.30%	40.93%	39.07%	6.14%	4.32%	0.90%	3.95%
R&D	0.51	0.6	0.69	0.94	0.01	0.04	-	-
R&D as % of Total Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	-
Interest Expense	11.42M	17.80M	19.71M	17.03M	21.61M	38.53M	87.51M	112.11M
Interest Expense % of Total Revenue	0.72%	0.83%	0.87%	0.31%	1.44%	2.08%	3.34%	2.40%

Balance Sheet

Currency: USD	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	-	5.51B	7.00B	8.96B	7.94B	9.37B	10.54B	13.49B
Total Liabilities	-	1.25B	1.48B	1.70B	4.86B	6.01B	6.94B	9.36B
Total Equity	-	2.02B	2.46B	1.61B	3.09B	579.16M	784.10M	1.19B
Cash	-	655.38M	861.92M	978.10M	1.11B	665.19M	808.02M	826.11M
Total Debt	-	462.29M	490.63M	621.45M	464.27M	1.26B	1.58B	1.72B
Net Debt	-	-193.09M	-371.30M	-356.65M	-668.01M	598.74M	775.29M	896.44M

Cash Flow

Currency: USD	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	874.91M	828.12M	95.39M	1.47B	1.38B	720.52M	532.15M	1.03B
Investing Cash Flow	-36.31M	17.40M	-108.10M	-37.74M	-3.01M	-373.56M	-44.47M	-263.96M
Financing Cash Flow	-436.41M	-825.39M	250.33M	-1.32B	-1.24B	-789.23M	-344.86M	-750.36M
Capital Expenditure	4.58M	8.15M	115.55M	1.79M	2.45M	16.73M	28.13M	28.80M
Free Cash Flow	870.33M	819.97M	-20.16M	1.47B	1.37B	703.79M	504.01M	1.00B
Dividends Paid	214.94M	248.26M	298.58M	1.07B	1.02B	643.22M	832.49M	1.23B
FCF to OCF	99.48%	99.02%	-21.13%	99.88%	99.82%	97.68%	94.71%	97.21%
Dividend Paid to FCF	24.70%	30.28%	-1481.44%	72.41%	74.13%	91.39%	165.17%	122.46%

Earnings

Report Date	Dec 1, 2021	Mar 29, 2022	May 12, 2022	Aug 9, 2022	Nov 9, 2022	Feb 15, 2023	May 15, 2023	Aug 8, 2023	Nov 7, 2023	Feb 13, 2024	May 8, 2024	Aug 6, 2024	Nov 4, 2024	Feb 11, 2025	May 7, 2025	Aug 6, 2025	Nov 4, 2025	Feb 5, 2026	Apr 30, 2026	Aug 4, 2026	Nov 3, 2026
EPS Estimate	0.90	0.40	0.46	0.23	0.37	0.49	0.33	0.34	0.37	0.40	0.43	0.43	0.48	0.52	0.43	0.45	0.57	0.68	0.64	0.59	0.70
EPS Actual	0.94	0.44	0.11	-0.15	0.30	0.08	0.24	0.02	0.56	0.51	0.50	0.49	0.04	0.62	0.07	0.69	0.53	0.29	-0.05	0.69	-
Surprise	4.44%	10.00%	-76.09%	-165.22%	-18.92%	-83.67%	-27.27%	-94.12%	51.35%	27.50%	16.28%	13.95%	-91.67%	19.23%	-83.72%	53.33%	-7.02%	-57.35%	-107.81%	16.95%	-
Timing	-	After-hours	After-hours	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	Pre-market	-

Key Statistics & Ratios

Market Cap17.34B

Enterprise Value12.04B

Trailing P/E66.25

Forward P/E12.67

Price / Sales3.73

Price / Book6.15

EPS0.67

Book Value7.07

Revenue (TTM)4.64B

Gross Profit (TTM)4.64B

EBITDA853.86M

Profit Margin5.09%

Operating Margin19.82%

Return on Equity18.57%

Return on Assets5.22%

Shares Outstanding160.11M

Shares Float132.08M

Beta1.45

Dividend Yield5.05%

Dividend Rate2.24

Payout Ratio1.53%

Analyst Ratings

Buy

Based on 13 analystsTarget 60.44

Strong Buy
4
Buy
1
Hold
8

Ownership Breakdown

Institutions: 97.07%
Insiders: 5.39%
Retail / Other: 0.00%

Top Institutional Holders

Wellington Management Company LLP
11.02M6.61%
Temasek Holdings Ltd.
10.16M6.10%
Darlington Partners Capital Management, LP
9.00M5.40%
Millennium Management LLC
7.83M4.70%
BlackRock Inc
7.82M4.69%
Vanguard Portfolio Management, LLC
6.28M3.77%
Vanguard Capital Management, LLC
6.08M3.65%
Capital Research & Mgmt Co - Division 3
5.66M3.39%
T. Rowe Price Investment Management,Inc.
3.18M1.91%
Citadel Advisors Llc
3.12M1.87%
Morgan Stanley - Brokerage Accounts
2.83M1.70%
Point72 Asset Management, L.P.
2.67M1.60%
Geode Capital Management, LLC
2.60M1.56%
Qube Research & Technologies
2.57M1.54%
Apollo Management Holdings LP
2.53M1.52%
State Street Corp
2.47M1.48%

Top Fund Holders

American Funds Capital Inc Bldr A
4.75M2.85%
Vanguard MStar Total Stk Mkt Idx Invest
4.65M2.79%
Vanguard Wellesley® Income Inv
4.51M2.70%
Vanguard Small Cap Index
3.36M2.02%

Dividends

20264×

0.55Nov 9, 20260.59Aug 14, 20260.59May 11, 20260.61Feb 19, 2026

20254×

0.45Nov 14, 20250.59Aug 18, 20250.41May 19, 20250.53Feb 21, 2025

20244×

0.38Nov 14, 20240.42Aug 16, 20240.41May 17, 20240.44Feb 22, 2024

20234×

0.48Nov 16, 20230.22Aug 17, 20230.20May 24, 20230.50Feb 24, 2023

20223×

0.26Nov 18, 20220.39Aug 18, 20220.44May 19, 2022