TPG Inc. (TPG) Stock Price & Analysis
TPG Inc. (TPG) closed at USD 46.17 on Thursday, October 22, 2026, up 4.74% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 44.08; the Oct 22, 2026 session ranged USD 43.35–46.2 on volume of 2,796,788 shares. Market capitalization is $18.03B, with a 52-week range of USD 36.95–70.38 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TPG.md
Key facts (TPG)
- Last four reported quarters (through Jun 30, 2026): revenue $5.18B, net income $236M (4.6% margin) (SEC filings).
- Valuation: P/E 76.3x (avg 425.6x at the last 3 fiscal year-ends), net debt $1.40B.
- 1 of 80 tracked superinvestors hold TPG (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.88 on a 1–5 scale) (17 analysts), mean target USD 57.65 (range 47–68).
- Total return with dividends: 1Y -13.5% vs S&P 500 +14.9%; 5Y +69.7% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.63, revenue estimate $609M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (TPG)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.98B | $2.00B | $2.39B | $3.50B | $4.67B | $5.18B |
| Net income | $0K | $92.4M | $80.1M | $23.5M | $185M | $236M |
| EPS (diluted) | $0.00 | -$0.19 | -$0.04 | -$0.42 | $0.45 | — |
| Net margin | 0.0% | 4.6% | 3.4% | 0.7% | 4.0% | 4.6% |
| Revenue growth | +135.3% | -59.8% | +19.3% | +46.5% | +33.4% | — |
| Cash + short-term investments | $973M | $1.11B | $665M | $808M | $826M | — |
| Total debt | — | $445M | $945M | $1.28B | $1.72B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (TPG)
P/E 76.3x · P/S 3.5x · EV/Sales 3.8x · P/B 4.8x · Earnings yield 1.31% · Net debt $1.40B · EV $19.4B
P/E at fiscal year-ends: Dec 2025 129.4x, Dec 2024 976.0x, Dec 2023 171.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (TPG)
1 of 80 tracked investors hold TPG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Vulcan Value Partners | 2.92% | $95.8M | Added +18.9% |
Analysts (TPG)
Consensus Buy (mean 1.88 on a 1–5 scale), 17 analysts; mean target USD 57.65 (low 47, high 68).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | TD Cowen | Target lowered | Buy | $64 → $60 |
| 2026-10-08 | Barclays | Target lowered | Overweight | $64 → $60 |
| 2026-10-02 | Wells Fargo | Initiated | Equal-Weight | $47 |
| 2026-08-05 | UBS | Target raised | Buy | $59 → $65 |
| 2026-08-05 | Keefe, Bruyette & Woods | Target raised | Outperform | $53 → $57 |
| 2026-08-05 | RBC Capital | Target raised | Outperform | $60 → $65 |
| 2026-08-05 | Evercore ISI Group | Target raised | In-Line | $47 → $50 |
| 2026-08-05 | Barclays | Target raised | Overweight | $58 → $64 |
| 2026-07-21 | Morgan Stanley | Target lowered | Equal-Weight | $60 → $54 |
| 2026-07-13 | BMO Capital | Target lowered | Outperform | $52 → $50 |
| 2026-07-09 | Citizens | Target lowered | Market Outperform | $75 → $68 |
Total return (dividends reinvested) (TPG)
| 1Y (from 2025-10-23) | 5Y (from 2022-01-10) | |
|---|---|---|
| Total return | -13.5% | +69.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -13.6% | +11.7% |
| Volatility (annualized) | 39.5% | 40.9% |
| Max drawdown | -44.9% (Jan 2026→Apr 2026) | -43.2% (Nov 2024→Apr 2026) |
TPG revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Management fees | $522.7M | 74.1% | +15.5% |
| Transaction fees | $97.2M | 13.8% | +180.8% |
| Expense reimbursements and other | $69.2M | 9.8% | -0.4% |
| Incentive fees | $8.9M | 1.3% | +32.2% |
| Monitoring fees | $7.0M | 1.0% | +21.4% |
| Total revenue | $705.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
TPG suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | TPG Operating Group | “Further, a majority of the TPG Operating Group's assets consist of indirect ownership interests in the general partners or managing members of the funds we sponsor.” |
| Partner | GP | “We have agreed with GP LLC that the TPG Operating Group partnership will not make any elections that would result in the IRS pursuing the partners of such partnerships for such taxes owed for periods ending on or prior to December 31, 2021 without consent of (i) a majority of the holders of Common Units and (ii) TPG Group Holdings.” |
| Partner | TPG Capital | “Our Capital platform funds are organized in three primary products: (1) TPG Capital, (2) TPG Healthcare Partners, and (3) TPG Asia.” |
| Partner | TPG Mortgage Investment Trust, Inc. (MITT) | “TPG Asset Based Finance invests through a variety of vehicles including the Mortgage Value Partners Fund open-ended hedge fund, the Asset Based Credit closed-end fund series and evergreen vehicle, SMAs and TPG Mortgage Investment Trust, Inc. (NYSE: MITT) ("MITT"), which is an externally managed, publicly traded residential mortgage real estate investment trust.” |
| Partner | TPG RE Finance Trust, Inc. (TRTX) | “TPG's real estate products (collectively referred to as "Real Estate") are (1) TPG Real Estate Partners, (2) TPG Real Estate Thematic Advantage Core-Plus, (3) TPG AG U.S. Real Estate, (4) TPG AG Europe Real Estate, (5) TPG Asia Real Estate, (6) TPG Net Lease, (7) TPG RE Finance Trust, Inc. and (8) TPG Real Estate Credit Opportunities.” |
| Partner | Peppertree Capital Management | “We use our website (https://www.tpg.com), Rise website (https://therisefund.com), Angelo Gordon website (https://www.angelogordon.com), TPG Private Equity Opportunities website (https://tpop.tpg.com), TPG Twin Brook website (https://twincp.com), TPG Twin Brook Capital Income Fund website (https://agtbcap.com), Microsites (https://software.tpg.com, https://healthcare.tpg.com), TPG LinkedIn (https://www.linkedin.com…” |
| Partner | Jackson Financial Inc. (JXN) | “On February 11, 2026, the Company closed the previously announced transaction to establish a long-term, strategic investment management partnership (the "Transaction") with Jackson Financial Inc. ("Jackson") whereby TPG will serve as an investment manager for select general account assets of subsidiaries of Jackson.” |
Quoted from the company's 10-K filed Feb 17, 2026.
TPG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.63 | $0.69 | -9.3% | $608.9M | 15 |
| Next quarter (ends Dec 2026) | $0.79 | $0.84 | -6.4% | $683.0M | 12 |
| Current fiscal year (ends Dec 2026) | $1.97 | $2.32 | -15.0% | $2.48B | 1 |
| Next fiscal year (ends Dec 2027) | $3.75 | $3.67 | +2.2% | $2.94B | 1 |
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 46.17 |
|---|---|
| Change | ▲ 4.74% (up) |
| Previous Close | USD 44.08 |
| Open | USD 43.57 |
| Day Range | USD 43.35 – 46.2 |
| 52-Week Range | USD 36.95 – 70.38 |
| Volume | 2,796,788 shares |
| Market Cap | $18.03B |
| Exchange | NMS |
Technical Analysis (TPG)
Nexqual's technical model rates TPG "NEUTRAL" based on 3 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 50.44 (neutral) |
| vs SMA50 | Below (USD 47.87) |
| MACD | -0.73 (negative) |
Analyst Ratings (TPG)
Wall Street analysts rate TPG "Buy" based on 17 analysts, with a mean price target of USD 57.65 (range USD 47–68), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 17 |
| Mean Target | USD 57.65 |
| High Target | USD 68 |
| Low Target | USD 47 |
| Buy / Hold / Sell | 13 / 4 / 0 |
Earnings (TPG)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 0.63 |
| Revenue Estimate | $608.90M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.39 vs est 0.57 ▼ miss |
| 2026-03-31 | USD -0.05 vs est 0.64 ▼ miss |
| 2025-12-31 | USD 0.29 vs est 0.68 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (TPG)
| Total Revenue | $4.64B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +110.20% |
| Gross Margin | +100.00% |
| Operating Margin | +19.82% |
| Profit Margin | +5.09% |
| ROE | +18.57% |
| Debt / Equity | 0.82 |
| Current Ratio | 3.64 |
| Total Cash | $944.66M |
| Total Debt | $3.07B |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (TPG)
Nexqual rates TPG Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Strong — Revenue +15% YoY (annual) |
|---|---|
| Profitability | Solid — Operating margin 20% |
| Balance Sheet | Mixed — $945M cash and investments vs $2.34B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $1.03B (FY ended Dec 2025, 10-K) |
| Efficiency | Solid — ROE 19%, ROA 5.2% |
Ownership (TPG)
| Insider Ownership | +5.38% |
|---|---|
| Institutional Ownership | +96.95% |
| Shares Outstanding | 160.11M |
| Float | 132.08M |
| Short % of Float | +9.18% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (TPG)
TPG Inc. is led by Jon Winkelried, CEO & Director, per Nexqual as of October 23, 2026 at 09:23 UTC.
| CEO & Director | Jon Winkelried |
|---|---|
| Founder & Executive Chairman | James George Coulter |
| Chief Financial Officer | Axel Philippe Alain Andre |
| COO & Director | Anilu Vazquez-Ubarri |
Major Backers & Investors (TPG)
Notable institutional backers of TPG Inc. include Wellington Management, Temasek Holdings (Private) Ltd, DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wellington Management | 7.16% |
| Temasek Holdings (Private) Ltd | 6.61% |
| DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP | 5.85% |
| Millennium Management | 5.09% |
| Capital International Investors | 3.68% |
| Capital Income Builder | 3.09% |
| Balyasny Asset Management LP | 2.65% |
| Price (T.Rowe) Associates Inc | 2.35% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.39% |
| BlackRock | 5.19% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From TPG Inc.'s Latest SEC 10-K Filing (filed 2026-02-17)
Key Strengths & Strategy (as disclosed to the SEC)
- Through multiple decades of experience, we have developed an ecosystem of insight, engagement and collaboration across our platforms and products, which currently include more than 400 active portfolio companies, approximately 300 real estate properties and over 6,400 credit positions, across more than 33 countries.
- We have built our firm through years of successful innovation and growth, and believe that we have delivered attractive risk-adjusted returns to our clients and established a premier investment business focused on the fastest-growing segments of the alternative asset management industry.
- The following table presents AUM over the last five years: Our differentiated operating model unites our investment products and global footprint around a cohesive commercial framework.
- We pursue opportunities across geographies and specialize in sectors where we have developed deep thematic expertise over time.
Partnerships
- After discussing the proposed deal with the deal team, the applicable investment review committee will decide whether to give its preliminary approval to the deal team to continue evaluating and performing diligence on such potential investments and will direct the team on conveying necessary terms.
- We established TPG Healthcare Partners ("THP") in 2019 to pursue healthcare-related investments, primarily in partnership with other TPG funds.
Legal & Regulatory Risks (Item 1A, quoted)
- Climate change and climate policies and regulation could adversely affect our business.
- Changes in the U.S. political environment and financial regulatory changes in the United States could negatively impact our business.
- Regulatory initiatives in jurisdictions outside the United States could negatively impact our business.
- Any perceived or actual failure to comply with data privacy and security laws and regulations could adversely affect our operating results and business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BEN | Franklin Templeton, Inc. | USD 31.52 | ▼ 0.51% |
| PS | Pershing Square Inc. | USD 45.04 | ▼ 3.72% |
| CRBG | Corebridge Financial Inc. | USD 35.59 | ▲ 0.82% |
| EQH | Equitable Holdings, Inc. | USD 55.04 | ▲ 1.23% |
| PHYS | "Sprott Physical Gold Trust" | USD 30.39 | ▼ 2.72% |
| OWL | Blue Owl Capital Inc. | USD 9.71 | ▲ 5.89% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt