TPG (TPG) Financials

$44.52 -0.07 (-0.16%)

As of 04:00 PM Eastern

Annual Income Statements for TPG

This table shows TPG's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-186	0.00	92	80	23
Consolidated Net Income / (Loss)	1,439	4,656	-56	23	-77
Net Income / (Loss) Continuing Operations	-382	4,616	-56	23	-77
Total Pre-Tax Income	-373	4,625	-24	84	-25
Total Operating Income	-89	4,077	58	26	-78
Total Gross Profit	709	4,397	2,003	2,390	3,500
Total Revenue	1,231	4,976	2,003	2,390	3,500
Operating Revenue	1,231	4,976	2,003	2,390	3,500
Total Cost of Revenue	523	580	0.00	0.00	0.00
Total Operating Expenses	798	320	1,945	2,364	3,578
Selling, General & Admin Expense	268	299	372	484	584
Depreciation Expense	7.14	21	33	48	135
Other Operating Expenses / (Income)	523	-	1,540	1,833	2,859
Total Other Income / (Expense), net	-284	549	-82	58	53
Interest & Investment Income	-25	354	-101	49	53
Other Income / (Expense), net	-239	212	19	8.36	0.00
Income Tax Expense	9.78	9.04	32	60	52
Net Income / (Loss) Attributable to Noncontrolling Interest	-196	2,630	-166	-57	-100
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	2,026	5.26	0.00	0.00
Basic Earnings per Share	$0.00	$0.00	$1.10	$0.89	$0.00
Weighted Average Basic Shares Outstanding	0.00	0.00	79.26M	80.33M	100.22M
Diluted Earnings per Share	$0.00	$0.00	($0.19)	($0.04)	($0.42)
Weighted Average Diluted Shares Outstanding	0.00	0.00	308.91M	317.94M	364.73M
Weighted Average Basic & Diluted Shares Outstanding	-	-	309.15M	364.68M	369.47M
Cash Dividends to Common per Share	-	-	$1.09	$1.40	$1.65

This table shows TPG's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	37	341	25	27	15	13	16	-14	8.96	13
Consolidated Net Income / (Loss)	53	-41	36	40	-95	42	-9.01	-58	-21	11
Net Income / (Loss) Continuing Operations	47	438	36	40	-95	42	-9.01	-58	-21	11
Total Pre-Tax Income	48	447	48	53	-86	69	-4.62	-35	-7.54	23
Total Operating Income	43	434	23	39	-96	60	-12	-32	-12	-22
Total Gross Profit	561	836	643	603	160	983	824	744	855	1,076
Total Revenue	561	604	643	603	160	983	824	744	855	1,076
Operating Revenue	561	-	643	603	160	983	824	744	855	1,076
Total Operating Expenses	519	402	620	565	256	923	836	777	867	1,098
Selling, General & Admin Expense	96	94	105	105	102	172	152	170	141	121
Depreciation Expense	7.37	8.36	8.22	8.30	7.70	23	33	32	32	38
Other Operating Expenses / (Income)	415	-	507	451	147	728	652	574	693	940
Total Other Income / (Expense), net	5.24	12	25	15	9.39	8.78	7.71	-2.84	4.19	44
Interest & Investment Income	2.01	-10	23	11	6.79	8.78	7.71	-2.84	4.19	44
Income Tax Expense	0.43	8.95	12	13	8.24	27	4.39	22	14	11
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	11	13	-109	29	-25	-44	-30	-1.89
Basic Earnings per Share	$0.44	$0.29	$0.27	$0.32	$0.14	$0.16	$0.09	($0.15)	$0.04	$0.02
Weighted Average Basic Shares Outstanding	79.27M	79.26M	79.50M	80.54M	80.62M	80.33M	89.11M	101.69M	103.36M	100.22M
Diluted Earnings per Share	$0.09	($0.02)	($0.01)	$0.02	($0.09)	$0.04	($0.11)	($0.19)	($0.08)	($0.04)
Weighted Average Diluted Shares Outstanding	308.92M	308.91M	309.14M	309.19M	309.27M	317.94M	364.35M	364.77M	364.84M	364.73M
Weighted Average Basic & Diluted Shares Outstanding	308.89M	309.15M	309.16M	309.20M	309.25M	364.68M	364.77M	364.83M	364.97M	369.47M

This table details how cash moves in and out of TPG's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	214	115	454	-442	143
Net Cash From Operating Activities	95	1,475	1,376	721	532
Net Cash From Continuing Operating Activities	95	1,483	1,376	721	532
Net Income / (Loss) Continuing Operations	1,439	4,656	-56	23	-77
Consolidated Net Income / (Loss)	1,439	4,656	-56	23	-77
Depreciation Expense	-	-	33	48	135
Non-Cash Adjustments To Reconcile Net Income	-653	-2,571	1,127	474	528
Changes in Operating Assets and Liabilities, net	-691	-602	272	176	-55
Net Cash From Investing Activities	-108	-38	-3.01	-374	-44
Net Cash From Continuing Investing Activities	-108	-38	-3.01	-374	-44
Purchase of Property, Plant & Equipment	-8.33	-1.79	-2.45	-17	-28
Acquisitions	0.00	25	0.00	-357	-16
Other Investing Activities, net	-100	-61	-0.56	0.00	0.00
Net Cash From Financing Activities	250	-1,323	-1,238	-789	-345
Net Cash From Continuing Financing Activities	226	-1,323	-919	-789	-345
Repayment of Debt	-155	-51	-30	-151	-1,054
Repurchase of Common Equity	-17	-323	-352	-661	0.00
Payment of Dividends	-623	-2,089	-1,398	-643	-832
Issuance of Debt	205	200	30	651	1,389
Issuance of Common Equity	816	940	828	22	221
Other Financing Activities, net	0.00	0.00	2.12	-6.88	-68
Cash Interest Paid	15	16	18	34	65
Cash Income Taxes Paid	6.79	8.55	48	51	42

This table details how cash moves in and out of TPG's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-125	55	-175	-38	331	-559	426	30	44	-357
Net Cash From Operating Activities	84	587	36	505	692	-512	437	215	69	-188
Net Cash From Continuing Operating Activities	84	587	36	505	692	-512	437	215	69	-188
Net Income / (Loss) Continuing Operations	53	-9.75	36	40	-95	42	-9.01	-58	-21	11
Consolidated Net Income / (Loss)	53	-9.75	36	40	-95	42	-9.01	-58	-21	11
Depreciation Expense	-	-	8.22	8.30	7.70	23	33	32	32	38
Non-Cash Adjustments To Reconcile Net Income	-34	392	-71	83	1,111	-649	316	122	18	71
Changes in Operating Assets and Liabilities, net	65	172	63	373	-332	71	96	118	40	-309
Net Cash From Investing Activities	-0.18	-0.12	-0.90	-4.06	-5.59	-363	-25	-7.11	-11	-1.46
Net Cash From Continuing Investing Activities	-0.18	-0.12	-0.90	-4.06	-5.59	-363	-25	-7.11	-11	-1.46
Purchase of Property, Plant & Equipment	-0.18	-0.12	-0.90	-4.06	-5.59	-6.19	-9.66	-6.45	-11	-1.46
Net Cash From Financing Activities	-209	-532	-210	-539	-356	316	14	-177	-15	-167
Net Cash From Continuing Financing Activities	-209	-532	-210	-539	-356	316	14	-177	-15	-167
Repayment of Debt	-	-	0.00	-151	-	-	-936	-0.15	-	-118
Payment of Dividends	-210	-184	-207	-144	-96	-197	-211	-211	-205	-206
Issuance of Debt	-	-	0.00	150	-	501	1,219	-	100	70
Issuance of Common Equity	0.52	3.58	2.79	5.97	1.31	12	1.04	37	91	92
Other Financing Activities, net	-	-	-6.03	-0.46	-0.03	-0.36	-58	-3.49	-0.99	-5.14
Cash Interest Paid	-	12	3.90	10	3.54	16	12	4.92	33	16
Cash Income Taxes Paid	3.78	12	1.90	21	9.78	19	5.05	15	3.46	19

This table presents TPG's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2021	2022	2023	2024
Total Assets	8,962	7,942	9,370	10,535
Total Current Assets	973	1,310	1,084	1,255
Cash & Equivalents	973	1,107	665	808
Accounts Receivable	-	203	419	447
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00
Total Noncurrent Assets	7,984	6,627	8,286	9,280
Long-Term Investments	6,109	5,330	6,724	7,503
Noncurrent Note & Lease Receivables	-	0.00	0.00	0.00
Goodwill	-	230	436	436
Intangible Assets	-	136	650	534
Other Noncurrent Operating Assets	1,875	930	476	807
Total Liabilities & Shareholders' Equity	8,962	7,942	9,370	10,535
Total Liabilities	1,701	4,202	6,009	6,943
Total Current Liabilities	961	98	172	212
Accounts Payable	134	98	172	212
Total Noncurrent Liabilities	739	4,103	5,837	6,731
Long-Term Debt	444	445	945	1,282
Noncurrent Employee Benefit Liabilities	0.00	3,270	4,096	4,377
Other Noncurrent Operating Liabilities	295	389	796	1,073
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,261	3,086	3,361	3,592
Total Preferred & Common Equity	1,607	510	579	784
Preferred Stock	0.00	0.00	0.00	0.00
Total Common Equity	1,607	510	579	784
Common Stock	1,607	507	614	971
Retained Earnings	0.00	2.72	-35	-187
Noncontrolling Interest	4,655	2,576	2,782	2,808

This table presents TPG's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	8,597	7,967	7,770	7,383	9,939	10,071	10,522
Total Current Assets	1,053	932	1,069	1,434	1,369	1,436	1,482
Cash & Equivalents	1,053	932	894	1,224	1,091	1,121	1,164
Accounts Receivable	-	-	176	210	278	315	318
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	7,538	7,031	6,697	5,949	8,571	8,635	9,040
Long-Term Investments	-	5,531	5,795	5,308	6,835	6,938	7,355
Noncurrent Note & Lease Receivables	-	-	-	-	0.00	0.00	0.00
Goodwill	-	-	-	-	436	436	436
Intangible Assets	-	-	-	-	622	594	567
Other Noncurrent Operating Assets	7,538	1,500	902	640	678	666	682
Total Liabilities & Shareholders' Equity	8,597	7,967	7,770	7,383	9,939	10,071	10,522
Total Liabilities	4,829	4,310	4,381	4,344	6,643	6,765	7,135
Total Current Liabilities	404	383	186	260	278	404	439
Accounts Payable	225	150	186	260	278	404	439
Total Noncurrent Liabilities	4,425	3,926	4,195	4,084	6,365	6,361	6,696
Long-Term Debt	444	445	445	444	1,229	1,229	1,330
Noncurrent Employee Benefit Liabilities	3,369	3,225	3,389	3,245	4,144	4,172	4,319
Other Noncurrent Operating Liabilities	612	255	361	395	992	960	1,047
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,117	3,001	3,130	3,039	3,296	3,306	3,387
Total Preferred & Common Equity	499	509	528	535	720	714	723
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	499	509	528	535	720	714	723
Common Stock	499	523	532	543	780	833	880
Retained Earnings	0.46	-14	-3.66	-7.56	-60	-119	-157
Noncontrolling Interest	2,617	2,492	2,601	2,504	2,576	2,592	2,664

This table displays calculated financial ratios and metrics derived from TPG's official financial filings.

Metric	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	304.10%	-59.75%	19.32%	46.45%
EBITDA Growth	0.00%	1,441.74%	-97.44%	-25.46%	-30.43%
EBIT Growth	0.00%	1,406.12%	-98.20%	-55.36%	-327.00%
NOPAT Growth	0.00%	6,624.96%	-99.00%	-82.05%	-850.42%
Net Income Growth	0.00%	223.57%	-101.21%	141.58%	-428.91%
EPS Growth	0.00%	0.00%	0.00%	78.95%	-950.00%
Operating Cash Flow Growth	0.00%	1,446.05%	-6.71%	-47.63%	-26.14%
Free Cash Flow Firm Growth	0.00%	0.00%	-15.45%	-71.46%	-64.04%
Invested Capital Growth	0.00%	0.00%	-464.86%	-36.56%	-11.49%
Revenue Q/Q Growth	0.00%	0.00%	-19.18%	18.85%	-29.17%
EBITDA Q/Q Growth	0.00%	0.00%	-81.18%	-81.02%	-89.53%
EBIT Q/Q Growth	0.00%	0.00%	-85.83%	-91.39%	-118.41%
NOPAT Q/Q Growth	0.00%	0.00%	-91.83%	-97.98%	-117.91%
Net Income Q/Q Growth	0.00%	0.00%	-106.87%	138.85%	-126.13%
EPS Q/Q Growth	0.00%	0.00%	-11.76%	60.00%	-23.53%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	14.09%	-60.41%	155.62%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-87.32%	-71.73%
Invested Capital Q/Q Growth	0.00%	0.00%	-171.59%	-1.09%	9.61%
Profitability Metrics	-	-	-	-	-
Gross Margin	57.55%	88.35%	100.00%	100.00%	100.00%
EBITDA Margin	-26.08%	86.61%	5.50%	3.44%	1.63%
Operating Margin	-7.23%	81.92%	2.90%	1.09%	-2.24%
EBIT Margin	-26.66%	86.18%	3.86%	1.44%	-2.24%
Profit (Net Income) Margin	116.85%	93.56%	-2.81%	0.98%	-2.20%
Tax Burden Percent	-386.19%	100.66%	236.76%	27.95%	309.84%
Interest Burden Percent	113.47%	107.85%	-30.76%	242.70%	31.73%
Effective Tax Rate	0.00%	0.20%	0.00%	72.05%	0.00%
Return on Invested Capital (ROIC)	0.00%	1,315.12%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	1,297.44%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-1,186.88%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	128.24%	-1.02%	0.66%	-2.21%
Cash Return on Invested Capital (CROIC)	0.00%	1,115.12%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	47.85%	0.91%	0.40%	-0.79%
Return on Assets (ROA)	0.00%	51.95%	-0.67%	0.27%	-0.77%
Return on Common Equity (ROCE)	0.00%	28.37%	-0.20%	0.10%	-0.43%
Return on Equity Simple (ROE_SIMPLE)	0.00%	289.81%	-11.03%	4.04%	-9.81%
Net Operating Profit after Tax (NOPAT)	-62	4,069	41	7.30	-55
NOPAT Margin	-5.06%	81.76%	2.03%	0.31%	-1.56%
Net Nonoperating Expense Percent (NNEP)	0.00%	17.68%	-1.53%	0.26%	-0.33%
Return On Investment Capital (ROIC_SIMPLE)	-	-	1.15%	0.17%	-1.12%
Cost of Revenue to Revenue	42.45%	11.65%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	21.76%	6.00%	18.58%	20.24%	16.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	64.79%	6.43%	97.10%	98.91%	102.24%
Earnings before Interest and Taxes (EBIT)	-328	4,289	77	34	-78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-321	4,310	110	82	57
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.62	15.58	22.28	29.25
Price to Tangible Book Value (P/TBV)	0.00	0.62	55.40	0.00	0.00
Price to Revenue (P/Rev)	0.81	0.20	3.96	5.40	6.55
Price to Earnings (P/E)	0.00	0.00	85.89	161.12	976.65
Dividend Yield	0.00%	0.00%	4.24%	3.36%	2.63%
Earnings Yield	0.00%	0.00%	1.16%	0.62%	0.10%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.03	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.58	3.87	5.35
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	46.96	112.51	327.47
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	67.03	268.13	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	127.28	1,266.24	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.01	3.76	12.83	35.17
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.01	1.77	11.10	62.49
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	0.06	0.12	0.28	0.36
Long-Term Debt to Equity	0.00	0.06	0.12	0.28	0.36
Financial Leverage	0.00	-0.91	-1.15	-1.75	-1.94
Leverage Ratio	0.00	1.23	1.54	2.44	2.86
Compound Leverage Factor	0.00	1.33	-0.47	5.92	0.91
Debt to Total Capital	0.00%	5.77%	10.63%	21.95%	26.30%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	5.77%	10.63%	21.95%	26.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	73.38%	77.19%	64.60%	57.61%
Common Equity to Total Capital	0.00%	20.85%	12.18%	13.45%	16.09%
Debt to EBITDA	0.00	0.10	4.03	11.51	22.43
Net Debt to EBITDA	0.00	-1.54	-54.38	-78.45	-123.01
Long-Term Debt to EBITDA	0.00	0.10	4.03	11.51	22.43
Debt to NOPAT	0.00	0.11	10.93	129.49	-23.41
Net Debt to NOPAT	0.00	-1.63	-147.38	-882.96	128.35
Long-Term Debt to NOPAT	0.00	0.11	10.93	129.49	-23.41
Altman Z-Score	0.00	2.49	1.60	1.67	2.38
Noncontrolling Interest Sharing Ratio	0.00%	77.88%	80.76%	84.67%	80.39%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.00	1.01	13.35	6.31	5.92
Quick Ratio	0.00	1.01	13.35	6.31	5.92
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	3,450	2,917	833	299
Operating Cash Flow to CapEx	1,145.59%	82,346.18%	56,181.22%	4,307.26%	1,891.67%
Free Cash Flow to Firm to Interest Expense	0.00	202.58	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	4.84	86.60	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	4.42	86.49	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.00	0.56	0.24	0.28	0.35
Accounts Receivable Turnover	0.00	0.00	0.00	7.69	8.08
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.00	4.31	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	47.47	45.15
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	84.59	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	-84.59	0.00	47.47	45.15
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	0.00	619	-2,258	-3,083	-3,437
Invested Capital Turnover	0.00	16.08	-2.44	-0.90	-1.07
Increase / (Decrease) in Invested Capital	0.00	619	-2,876	-825	-354
Enterprise Value (EV)	0.00	18	5,175	9,242	18,713
Market Capitalization	1,000	1,000	7,938	12,904	22,935
Book Value per Share	$0.00	$47.39	$1.65	$1.87	$2.15
Tangible Book Value per Share	$0.00	$47.39	$0.46	($1.64)	($0.51)
Total Capital	0.00	7,706	4,184	4,306	4,874
Total Debt	0.00	444	445	945	1,282
Total Long-Term Debt	0.00	444	445	945	1,282
Net Debt	0.00	-6,637	-5,993	-6,444	-7,029
Capital Expenditures (CapEx)	8.33	1.79	2.45	17	28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-961	104	247	235
Debt-free Net Working Capital (DFNWC)	0.00	11	1,212	912	1,043
Net Working Capital (NWC)	0.00	11	1,212	912	1,043
Net Nonoperating Expense (NNE)	-1,501	-587	97	-16	22
Net Nonoperating Obligations (NNO)	0.00	-6,643	-5,997	-6,444	-7,029
Total Depreciation and Amortization (D&A)	7.14	21	33	48	135
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-19.32%	5.22%	10.34%	6.72%
Debt-free Net Working Capital to Revenue	0.00%	0.23%	60.51%	38.18%	29.80%
Net Working Capital to Revenue	0.00%	0.23%	60.51%	38.18%	29.80%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.10	$0.89	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	79.26M	80.33M	100.22M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.19)	($0.04)	($0.42)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	308.91M	317.94M	364.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	309.15M	364.68M	369.47M
Normalized Net Operating Profit after Tax (NOPAT)	-62	4,069	41	18	-55
Normalized NOPAT Margin	-5.06%	81.76%	2.03%	0.76%	-1.56%
Pre Tax Income Margin	-30.26%	92.95%	-1.19%	3.50%	-0.71%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	-16.66	251.82	0.00	0.00	0.00
NOPAT to Interest Expense	-3.16	238.91	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-17.08	251.71	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-3.59	238.81	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	43.28%	44.86%	-2,485.45%	2,750.58%	-1,082.35%
Augmented Payout Ratio	44.44%	51.81%	-3,111.42%	5,577.19%	-1,082.35%

This table displays calculated financial ratios and metrics derived from TPG's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.75%	-44.03%	-23.23%	0.00%	-71.42%	62.76%	28.13%	23.36%	433.44%	9.49%
EBITDA Growth	-82.09%	-53.76%	116.19%	126.14%	-261.05%	-81.07%	-37.86%	-100.54%	124.16%	-80.78%
EBIT Growth	-84.45%	-53.86%	111.68%	120.93%	-303.83%	-86.10%	-149.32%	-176.40%	87.42%	-136.15%
NOPAT Growth	-85.29%	-53.61%	111.34%	120.48%	-259.25%	-91.30%	-150.18%	-178.08%	87.76%	-129.03%
Net Income Growth	-89.78%	-104.94%	-82.52%	114.69%	-278.01%	203.01%	-125.25%	-243.91%	77.38%	-73.84%
EPS Growth	0.00%	0.00%	-109.09%	105.41%	-200.00%	300.00%	-1,000.00%	-1,050.00%	11.11%	-200.00%
Operating Cash Flow Growth	-92.49%	40.73%	-94.98%	5,545.25%	721.55%	-187.19%	1,119.87%	-57.47%	-90.04%	63.27%
Free Cash Flow Firm Growth	0.00%	0.00%	-120.13%	-66.06%	297.22%	-73.88%	283.04%	-7.73%	-87.86%	-60.18%
Invested Capital Growth	0.00%	-464.86%	19.68%	-30.42%	-196.71%	-36.56%	-43.87%	-23.25%	-24.70%	-11.49%
Revenue Q/Q Growth	0.00%	7.65%	6.47%	-6.20%	-73.42%	513.10%	-67.27%	-9.69%	14.94%	25.84%
EBITDA Q/Q Growth	127.42%	733.51%	-92.50%	52.51%	-268.92%	197.99%	-94.42%	-101.32%	7,671.06%	-22.06%
EBIT Q/Q Growth	122.61%	849.54%	-94.25%	69.45%	-320.23%	164.76%	-103.56%	-162.47%	63.74%	-86.11%
NOPAT Q/Q Growth	129.75%	910.46%	-95.96%	68.68%	-331.35%	155.19%	-103.22%	-162.47%	63.74%	-30.93%
Net Income Q/Q Growth	119.54%	-177.38%	186.64%	12.16%	-336.71%	144.78%	-102.36%	-539.33%	62.79%	151.78%
EPS Q/Q Growth	124.32%	-122.22%	50.00%	300.00%	-550.00%	144.44%	-375.00%	-72.73%	57.89%	50.00%
Operating Cash Flow Q/Q Growth	1,009.47%	596.97%	-93.90%	1,309.22%	37.22%	-173.97%	185.29%	-50.87%	-67.88%	-372.84%
Free Cash Flow Firm Q/Q Growth	-251.74%	206.13%	-117.01%	223.89%	781.74%	-85.95%	-5.96%	-37.55%	16.02%	-53.90%
Invested Capital Q/Q Growth	243.86%	-171.59%	-4.67%	-20.98%	-6.67%	-1.09%	-10.28%	-3.64%	-7.92%	9.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	138.41%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	9.47%	73.30%	5.16%	8.40%	-53.36%	8.53%	2.50%	-0.04%	2.42%	1.50%
Operating Margin	7.58%	71.92%	3.58%	6.39%	-59.78%	6.14%	-1.50%	-4.35%	-1.37%	-2.03%
EBIT Margin	8.15%	71.92%	3.89%	7.02%	-58.16%	6.14%	-1.50%	-4.35%	-1.37%	-2.03%
Profit (Net Income) Margin	9.48%	-6.82%	5.55%	6.63%	-59.06%	4.31%	-1.09%	-7.74%	-2.50%	1.03%
Tax Burden Percent	111.40%	-9.21%	74.67%	75.24%	109.53%	61.32%	194.94%	163.63%	284.00%	49.25%
Interest Burden Percent	104.39%	102.85%	191.18%	125.57%	92.72%	114.54%	37.48%	108.77%	64.31%	-103.19%
Effective Tax Rate	0.90%	2.00%	25.33%	24.76%	0.00%	38.68%	0.00%	0.00%	0.00%	50.75%
Return on Invested Capital (ROIC)	11.80%	0.00%	0.00%	0.00%	-1,620.86%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	8.20%	0.00%	0.00%	0.00%	-1,620.04%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-1.34%	0.00%	0.00%	0.00%	1,595.33%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	10.46%	-1.02%	-5.56%	2.35%	-25.53%	0.66%	9.16%	6.60%	9.16%	-2.21%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	2.35%	17.04%	0.80%	2.07%	-14.64%	1.70%	-0.69%	-2.07%	-0.76%	-0.71%
Return on Assets (ROA)	2.73%	-1.62%	1.14%	1.96%	-14.86%	1.19%	-0.50%	-3.68%	-1.38%	0.36%
Return on Common Equity (ROCE)	1.39%	-0.20%	-0.71%	0.32%	-3.88%	0.10%	1.62%	1.23%	1.79%	-0.43%
Return on Equity Simple (ROE_SIMPLE)	163.91%	0.00%	-44.12%	16.61%	-11.25%	0.00%	44.23%	30.95%	40.70%	0.00%
Net Operating Profit after Tax (NOPAT)	42	426	17	29	-67	37	-8.63	-23	-8.21	-11
NOPAT Margin	7.51%	70.48%	2.67%	4.81%	-41.84%	3.77%	-1.05%	-3.04%	-0.96%	-1.00%
Net Nonoperating Expense Percent (NNEP)	3.60%	-7.39%	0.28%	0.18%	-0.82%	0.09%	-0.01%	-0.53%	-0.20%	0.32%
Return On Investment Capital (ROIC_SIMPLE)	-	12.06%	-	-	-	0.86%	-	-	-	-0.22%
Cost of Revenue to Revenue	0.00%	-38.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	17.13%	15.60%	16.39%	17.40%	63.41%	17.45%	18.40%	22.87%	16.51%	11.21%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	92.42%	66.49%	96.42%	93.61%	159.78%	93.86%	101.50%	104.35%	101.37%	102.03%
Earnings before Interest and Taxes (EBIT)	46	434	25	42	-93	60	-12	-32	-12	-22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	53	443	33	51	-86	84	21	-0.27	21	16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	15.87	15.58	16.79	16.28	16.68	22.28	18.85	20.99	29.04	29.25
Price to Tangible Book Value (P/TBV)	15.87	55.40	16.79	16.28	16.68	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.20	3.96	4.73	3.57	4.44	5.40	3.31	3.53	4.25	6.55
Price to Earnings (P/E)	29.83	85.89	25.06	19.98	21.90	161.12	192.42	510.19	886.95	976.65
Dividend Yield	3.23%	4.24%	5.75%	4.85%	4.09%	3.36%	3.05%	3.77%	3.04%	2.63%
Earnings Yield	3.35%	1.16%	3.99%	5.00%	4.57%	0.62%	0.52%	0.20%	0.11%	0.10%
Enterprise Value to Invested Capital (EV/IC)	3.36	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	4.27	2.58	3.14	2.16	2.66	3.87	2.30	2.53	3.33	5.35
Enterprise Value to EBITDA (EV/EBITDA)	18.08	46.96	16.62	9.14	12.34	112.51	19.27	24.45	30.17	327.47
Enterprise Value to EBIT (EV/EBIT)	19.44	67.03	18.37	9.69	13.35	268.13	22.61	31.30	38.75	0.00
Enterprise Value to NOPAT (EV/NOPAT)	21.27	127.28	22.05	10.30	14.76	1,266.24	30.37	47.15	53.86	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.78	3.76	8.14	4.30	2.94	12.83	8.43	12.93	79.13	35.17
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.77	0.00	4.45	0.81	11.10	7.01	12.04	15.55	62.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.12	0.12	0.13	0.15	0.28	0.37	0.37	0.39	0.36
Long-Term Debt to Equity	0.12	0.12	0.12	0.13	0.15	0.28	0.37	0.37	0.39	0.36
Financial Leverage	-0.16	-1.15	-1.66	-1.68	-0.98	-1.75	-1.83	-1.95	-2.07	-1.94
Leverage Ratio	2.28	1.54	2.18	2.19	2.35	2.44	2.58	2.66	2.79	2.86
Compound Leverage Factor	2.38	1.58	4.17	2.76	2.18	2.79	0.97	2.90	1.79	-2.95
Debt to Total Capital	10.55%	10.63%	10.84%	11.60%	12.74%	21.95%	27.16%	27.11%	28.19%	26.30%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	10.55%	10.63%	10.84%	11.60%	12.74%	21.95%	27.16%	27.11%	28.19%	26.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	77.59%	77.19%	76.75%	74.62%	71.89%	64.60%	56.92%	57.15%	56.48%	57.61%
Common Equity to Total Capital	11.86%	12.18%	12.41%	13.78%	15.36%	13.45%	15.92%	15.75%	15.33%	16.09%
Debt to EBITDA	0.76	4.03	1.30	0.78	1.03	11.51	2.51	2.80	2.44	22.43
Net Debt to EBITDA	-1.04	-54.38	-17.60	-10.94	-14.07	-78.45	-13.65	-15.53	-13.17	-123.01
Long-Term Debt to EBITDA	0.76	4.03	1.30	0.78	1.03	11.51	2.51	2.80	2.44	22.43
Debt to NOPAT	0.89	10.93	1.73	0.88	1.23	129.49	3.95	5.39	4.35	-23.41
Net Debt to NOPAT	-1.22	-147.38	-23.36	-12.33	-16.82	-882.96	-21.51	-29.95	-23.51	128.35
Long-Term Debt to NOPAT	0.89	10.93	1.73	0.88	1.23	129.49	3.95	5.39	4.35	-23.41
Altman Z-Score	1.38	1.75	1.51	1.64	1.65	1.68	1.76	1.85	2.33	2.40
Noncontrolling Interest Sharing Ratio	86.74%	80.76%	87.25%	86.41%	84.80%	84.67%	82.32%	81.44%	80.42%	80.39%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.61	13.35	2.44	5.75	5.52	6.31	4.93	3.56	3.38	5.92
Quick Ratio	2.61	13.35	2.44	5.75	5.52	6.31	4.93	3.56	3.38	5.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-3,111	3,302	-562	696	6,136	862	1,028	642	745	343
Operating Cash Flow to CapEx	45,794.57%	489,399.17%	3,995.54%	12,432.28%	12,394.92%	-8,273.39%	4,518.97%	3,326.23%	653.20%	-12,855.37%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.24	0.21	0.29	0.25	0.28	0.46	0.48	0.55	0.35
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	7.69	0.00	17.31	18.73	8.08
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	2.46	0.00	0.00	0.00	0.00	0.00	2.56	1.86	1.57	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	47.47	0.00	21.09	19.49	45.15
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	148.10	0.00	0.00	0.00	0.00	0.00	142.55	196.61	233.05	0.00
Cash Conversion Cycle (CCC)	-148.10	0.00	0.00	0.00	0.00	47.47	-142.55	-175.52	-213.56	45.15
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,154	-2,258	-2,363	-2,859	-3,050	-3,083	-3,400	-3,524	-3,803	-3,437
Invested Capital Turnover	1.57	-2.44	-0.68	-0.95	38.74	-0.90	-1.42	-1.33	-1.44	-1.07
Increase / (Decrease) in Invested Capital	3,154	-2,876	579	-667	-6,203	-825	-1,037	-665	-753	-354
Enterprise Value (EV)	10,589	5,175	5,682	5,216	5,342	9,242	9,456	10,752	16,473	18,713
Market Capitalization	7,929	7,938	8,552	8,599	8,927	12,904	13,576	14,990	20,999	22,935
Book Value per Share	$1.62	$1.65	$1.65	$1.71	$1.73	$1.87	$8.08	$1.96	$1.98	$2.15
Tangible Book Value per Share	$1.62	$0.46	$1.65	$1.71	$1.73	($1.64)	($3.79)	($0.87)	($0.77)	($0.51)
Total Capital	4,212	4,184	4,103	3,834	3,483	4,306	4,526	4,536	4,717	4,874
Total Debt	444	445	445	445	444	945	1,229	1,229	1,330	1,282
Total Long-Term Debt	444	445	445	445	444	945	1,229	1,229	1,330	1,282
Net Debt	-608	-5,993	-6,018	-6,244	-6,089	-6,444	-6,696	-6,830	-7,190	-7,029
Capital Expenditures (CapEx)	0.18	0.12	0.90	4.06	5.59	6.19	9.66	6.45	11	1.46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-404	104	-383	-10	-50	247	0.31	-89	-121	235
Debt-free Net Working Capital (DFNWC)	649	1,212	549	883	1,175	912	1,091	1,032	1,043	1,043
Net Working Capital (NWC)	649	1,212	549	883	1,175	912	1,091	1,032	1,043	1,043
Net Nonoperating Expense (NNE)	-11	467	-18	-11	28	-5.38	0.38	35	13	-22
Net Nonoperating Obligations (NNO)	-614	-5,997	-6,021	-6,248	-6,089	-6,444	-6,696	-6,830	-7,190	-7,029
Total Depreciation and Amortization (D&A)	7.37	8.36	8.22	8.30	7.70	23	33	32	32	38
Debt-free, Cash-free Net Working Capital to Revenue	-16.29%	5.22%	-21.16%	-0.42%	-2.48%	10.34%	0.01%	-2.09%	-2.46%	6.72%
Debt-free Net Working Capital to Revenue	26.19%	60.51%	30.38%	36.63%	58.41%	38.18%	26.57%	24.31%	21.11%	29.80%
Net Working Capital to Revenue	26.19%	60.51%	30.38%	36.63%	58.41%	38.18%	26.57%	24.31%	21.11%	29.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.44	$0.29	$0.27	$0.32	$0.14	$0.16	$0.09	($0.15)	$0.04	$0.02
Adjusted Weighted Average Basic Shares Outstanding	79.27M	79.26M	79.50M	80.54M	80.62M	80.33M	89.11M	101.69M	103.36M	100.22M
Adjusted Diluted Earnings per Share	$0.09	($0.02)	($0.01)	$0.02	($0.09)	$0.04	($0.11)	($0.19)	($0.08)	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	308.92M	308.91M	309.14M	309.19M	309.27M	317.94M	364.35M	364.77M	364.84M	364.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	308.89M	309.15M	309.16M	309.20M	309.25M	364.68M	364.77M	364.83M	364.97M	369.47M
Normalized Net Operating Profit after Tax (NOPAT)	42	426	17	29	-67	37	-8.63	-23	-8.21	-15
Normalized NOPAT Margin	7.51%	70.48%	2.67%	4.81%	-41.84%	3.77%	-1.05%	-3.04%	-0.96%	-1.42%
Pre Tax Income Margin	8.51%	73.97%	7.43%	8.81%	-53.92%	7.04%	-0.56%	-4.73%	-0.88%	2.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	298.43%	-2,485.45%	-414.23%	848.47%	-1,047.11%	2,750.58%	203.16%	323.14%	279.68%	-1,082.35%
Augmented Payout Ratio	298.43%	-3,111.42%	-414.23%	848.47%	-1,047.11%	5,577.19%	203.16%	441.21%	279.68%	-1,082.35%

Frequently Asked Questions About TPG's Financials

When does TPG's financial year end?

According to the most recent income statement we have on file, TPG's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has TPG's net income changed over the last 4 years?

TPG's net income appears to be on a downward trend, with a most recent value of -$76.92 million in 2024, falling from $1.44 billion in 2020. The previous period was $23.39 million in 2023.

What is TPG's operating income?

TPG's total operating income in 2024 was -$78.24 million, based on the following breakdown:

Total Gross Profit: $3.50 billion
Total Operating Expenses: $3.58 billion

How has TPG revenue changed over the last 4 years?

Over the last 4 years, TPG's total revenue changed from $1.23 billion in 2020 to $3.50 billion in 2024, a change of 184.2%.

How much debt does TPG have?

TPG's total liabilities were at $6.94 billion at the end of 2024, a 15.6% increase from 2023, and a 308.3% increase since 2021.

How much cash does TPG have?

In the past 3 years, TPG's cash and equivalents has ranged from $665.19 million in 2023 to $1.11 billion in 2022, and is currently $808.02 million as of their latest financial filing in 2024.

How has TPG's book value per share changed over the last 4 years?

Over the last 4 years, TPG's book value per share changed from 0.00 in 2020 to 2.15 in 2024, a change of 214.8%.

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This page (NASDAQ:TPG) was last updated on 4/14/2025 by MarketBeat.com Staff

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TPG (TPG) Financials

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TPG (TPG) Financials

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