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

TPG Operating Gp (TPGXL) 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 Operating Gp Financials

TPGXL

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows TPG Operating Gp (TPGXL) 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).

Financial Health Signals

Piotroski F-Score Neutral

5/9

TPG Operating Gp 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 Operating Gp 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 Operating Gp 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 Operating Gp 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 Operating Gp 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 Operating Gp 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 Operating Gp 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 Operating Gp'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 Operating Gp'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

TPGXL 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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$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-9.7%	$824.1M
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	$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+12.2%	$151.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$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+14.0%	$17.1M
Income Tax	$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+410.5%	$4.4M
Net Income	$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-190.1%	$15.5M
EPS (Diluted)	N/A	$0.20+500.0%	$-0.05	$0.00	N/A	$-0.08+57.9%	$-0.19-72.7%	$-0.11

TPGXL 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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$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+1.3%	$9.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$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+2.8%	$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%	$498.2M+14.2%	$436.1M0.0%	$436.1M0.0%	$436.1M0.0%	$436.1M0.0%	$436.1M0.0%	$436.1M
Total Liabilities	$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+1.8%	$6.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.7B-3.9%	$1.8B+11.3%	$1.6B+8.6%	$1.5B+15.7%	$1.3B-3.6%	$1.3B+8.2%	$1.2B0.0%	$1.2B
Total Equity	$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+0.3%	$3.3B
Retained Earnings	-$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-99.1%	-$59.5M

TPGXL 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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$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-50.9%	$436.7M
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	-$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+72.0%	-$25.3M
Financing Cash Flow	-$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-1340.2%	$14.3M
Dividends Paid	$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-20.5%	$231.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TPGXL 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	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	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%-3.8pp	1.9%
Return on Equity	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%-0.9pp	0.5%
Return on Assets	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%-0.3pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.42-0.1	0.47+0.0	0.45+0.0	0.42+0.1	0.36-0.0	0.39+0.0	0.370.0	0.37
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is TPG Operating Gp's annual revenue?

TPG Operating Gp (TPGXL) 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 Operating Gp's revenue growing?

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

Is TPG Operating Gp profitable?

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

How much debt does TPG Operating Gp have?

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

What is TPG Operating Gp's net profit margin?

TPG Operating Gp (TPGXL) 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 Operating Gp pay dividends?

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

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

TPG Operating Gp (TPGXL) 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 Operating Gp's operating cash flow?

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

What are TPG Operating Gp's total assets?

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

What is TPG Operating Gp's debt-to-equity ratio?

TPG Operating Gp (TPGXL) 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 Operating Gp's return on assets (ROA)?

TPG Operating Gp (TPGXL) 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 Operating Gp's Piotroski F-Score?

TPG Operating Gp (TPGXL) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TPG Operating Gp's earnings high quality?

TPG Operating Gp (TPGXL) 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.