What is TPG Inc.'s free cash flow margin?

TPG Inc. (TPG) reported free cash flow margin of 24.8% in Q1 2026.

What is the long-term trend for TPG Inc.'s free cash flow margin?

Over 3 years (2020 to 2025), TPG Inc.'s free cash flow margin has grown at a 76.5% compound annual growth rate (CAGR), from 4.1% to 22.6%.

What does free cash flow margin mean?

Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

TPG Inc. TPG Free cash flow margin

Free cash flow margin at other companies

Blue Owl CapitalOWL

43.6%+7.2pp

BlackstoneBX

29.9%+2.1pp

The Carlyle GroupCG

-105.3%—

Brookfield Asset ManagementBAM

45.4%+19.6pp

TPG RE Finance Trust, Inc.TRTX

32.1%0.0pp

Tradeweb Markets Inc.TW

53.8%+5.4pp

Other financials

Income statement

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Revenue$500.0M-51.7%

Net income-$1.5M-106%

EPS (diluted)-$0.22—

Balance sheet

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Cash & equivalents$864.7M+3.5%

Total debt$3.0B+42.5%

Total equity$3.7B+6.5%

Total assets$13.3B+17.6%

Cash flow

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Operating cash flow$176.5M-10.9%

CapEx$16.3M+156%

Free cash flow$160.3M-16.4%

Valuation

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Market cap$6.75B+20.4%

Enterprise value$8.87B+29.5%

P/E42.8×-125×

P/S1.6×+0.1×

Profitability

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Net margin3.8%+2.9pp

Returns & leverage

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Return on equity4.4%+3.4pp

Debt / equity0.8×+0.2×

Where this comes from

Calculated from TPG Inc.’s reported figures.

free cash flow/total revenue=24.8%

Based on trailing twelve months.

The official record: TPG Inc.’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TPG Inc.'s free cash flow margin?: TPG Inc. (TPG) reported free cash flow margin of 24.8% in Q1 2026.
What is the long-term trend for TPG Inc.'s free cash flow margin?: Over 3 years (2020 to 2025), TPG Inc.'s free cash flow margin has grown at a 76.5% compound annual growth rate (CAGR), from 4.1% to 22.6%.
What does free cash flow margin mean?: Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.