TPG Inc. logo TPG - TPG Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 10
HOLD 7
SELL 0
STRONG
SELL
0
| PRICE TARGET: $59.88 DETAILS
HIGH: $80.00
LOW: $47.00
MEDIAN: $59.00
CONSENSUS: $59.88
UPSIDE: 43.87%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Revenue
Revenue 496.2 1,491.1 840.0 696.0 743.3 744.5 636.0 607.6 635.3 672.9 290.5 445.8 446.6 386.7 422.7 97.8 597.2 1,135.7 745.9 2,340.8 1,359.1 1,339.3
Cost of Revenue 83.5 41.3 32.3 25.3 24.1 23.1 21.8 21.5 21.1 14.8 7.8 8.5 7.4 6.5 5.7 4.7 4.6 4.1 4.6 4.2 4.1 4.7
Gross Profit 412.6 1,449.8 807.7 670.7 719.3 721.4 614.2 586.1 614.2 658.1 282.7 437.3 439.1 380.2 417.0 93.1 592.6 1,131.6 741.3 2,336.7 1,355.0 1,334.6
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 147.9 189.3 166.2 182.3 164.3 120.7 141.3 170.2 151.6 171.6 101.7 105.0 105.4 94.2 96.1 78.1 103.8 91.8 81.2 64.5 61.2 69.0
Other Expenses 385.0 964.0 413.4 449.1 460.8 578.3 480.4 451.1 467.2 417.4 267.5 279.1 286.0 286.8 267.3 269.3 311.0 203.1 138.4 130.1 129.3 117.8
Operating Expenses 533.0 1,153.4 579.6 631.4 625.1 698.9 621.7 621.3 618.8 588.9 369.2 384.1 391.4 381.0 363.4 347.5 414.8 294.9 219.6 194.5 190.5 186.9
Operating Income
Operating Income (120.3) 296.4 228.1 39.3 94.2 22.5 (7.5) (35.2) (4.6) 69.2 (86.5) 53.2 47.8 (0.8) 53.6 (254.4) 177.8 836.7 521.8 2,142.1 1,164.4 1,147.7
Interest Expense 32.7 0 32.3 25.3 24.1 23.1 21.8 21.5 21.1 14.8 7.8 8.5 7.4 6.5 5.7 4.7 4.6 4.6 4.6 4.2 4.1 4.7
Interest Income 9.0 38.9 35.7 9.7 9.2 43.4 12.7 13.8 12.9 13.7 11.0 10.0 8.0 5.8 2.4 0.8 0.2 0 0.5 5.5 1.0 2.0
Profitability
EBITDA (66.2) 337.6 269.2 70.1 125.6 60.5 24.9 (3.1) 28.3 92.6 (78.8) 61.5 56.0 7.6 61.0 (245.8) 186.5 853.0 524.0 2,143.6 1,165.8 1,149.8
EBIT (108.0) 296.6 228.1 39.3 94.2 22.5 (7.5) (35.2) (4.6) 69.2 (86.5) 53.2 47.8 (0.8) 53.6 (254.4) 177.8 836.7 521.8 2,142.1 1,164.4 1,147.7
Income Before Tax (140.7) 304.9 228.1 39.3 94.2 22.5 (7.5) (35.2) (4.6) 69.2 (86.5) 53.2 47.8 (0.8) 53.6 (254.4) 177.8 836.7 521.8 2,142.1 1,164.4 1,147.7
Income Tax Expense (17.4) 22.5 28.9 9.2 6.3 11.4 13.9 22.4 4.4 26.8 8.2 13.2 12.1 8.9 0.4 8.1 15.0 2.9 1.3 1.7 3.1 3.9
Net Income (1.5) 77.1 49.3 14.9 25.4 13.0 9.0 (14.0) 15.5 13.2 14.7 27.2 25.1 (9.7) 37.4 (9.9) 41.3 325.9 520.5 2,140.4 1,161.3 608.2
Per Share Data
EPS (Basic) -0.05 0.50 0.33 0.03 0.08 0.04 -0.27 -0.15 0.09 0.16 0.14 0.32 0.27 -0.12 0.44 -0.15 0.52 10.54 6.73 27.69 15.02 7.69
EPS (Diluted) -0.22 0.50 0.20 -0.05 0.00 -0.06 -0.08 -0.04 0.02 0.04 -0.09 0.02 -0.01 -0.03 0.09 -0.37 0.11 10.54 6.73 27.69 15.02 7.69
Shares Outstanding 159.6 153.7 150.5 133.4 117.4 106.6 103.4 101.7 89.1 84.7 80.6 80.5 79.5 79.2 79.3 79.2 79.2 79.4 77.3 77.3 77.3 69.0
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3
Current Assets
Cash & Cash Equivalents 864.6 826.1 1,080.3 1,112.0 822.0 808.0 1,164.5 1,121.0 1,090.7 665.2 1,224.5 897.6 936.3 1,112.6 1,058.9 1,185.3 1,464.1 978.1 1,787.4
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 (4.1) 0 0 0 0 0 0 0
Net Receivables 367.7 0 361.1 387.7 308.0 447.0 317.7 315.0 278.1 419.0 209.9 175.8 193.1 202.6 178.9 248.1 207.8 185.3 244.6
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 0 0 13.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 1,232.3 826.1 1,454.7 1,499.8 1,130.0 1,328.5 1,482.2 1,436.0 1,368.8 1,140.6 1,434.4 1,069.3 1,129.5 1,339.0 1,237.8 1,433.4 1,671.9 1,187.4 2,032.0
Non-Current Assets
Property, Plant & Equipment 584.0 0 566.4 570.5 586.2 298.0 0 0 0 309.3 0 0 0 154.4 0 0 0 183.8 161.9
Goodwill 498.2 0 498.2 436.1 436.1 436.1 436.1 436.1 436.1 436.1 0 0 0 230.2 0 0 0 230.2 0
Intangible Assets 623.7 1,158.0 696.1 481.2 507.1 533.7 566.8 594.4 622.0 649.5 0 0 0 136.2 0 0 0 164.6 0
Long-Term Investments 9,049.5 9,211.8 8,004.7 7,665.0 7,578.8 7,302.3 7,189.3 6,856.5 6,752.9 6,640.6 5,308.3 5,795.2 5,530.8 5,329.9 5,725.8 5,515.8 6,347.3 6,109.0 6,915.0
Other Non-Current Assets 435.5 2,297.0 1,799.6 521.8 1,075.8 283.6 847.6 748.3 759.7 169.5 0 0 1,307.0 752.0 1,633.1 1,637.9 0 1,087.0 1,661.1
Total Non-Current Assets 12,075.0 12,666.8 11,565.1 10,466.5 10,184.0 9,206.7 9,039.9 8,635.3 8,570.6 8,229.1 5,308.3 5,795.2 6,837.9 6,602.7 7,358.9 7,153.7 6,347.3 7,774.6 8,738.0
Total Assets 13,307.3 13,492.9 13,019.7 11,966.3 11,314.0 10,535.1 10,522.0 10,071.3 9,939.4 9,369.7 7,383.0 7,770.2 7,967.3 7,941.7 8,596.7 8,587.1 9,664.3 8,962.0 10,770.0
Current Liabilities
Account Payables 0 0 443.1 338.8 240.0 45.6 439.1 403.7 277.8 42.6 259.9 186.0 149.8 44.2 225.3 201.9 186.8 134.4 330.9
Short-Term Debt (8.3) 0 1.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 5,399.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities (8.3) 5,399.8 459.3 338.8 240.0 45.6 439.1 403.7 277.8 42.6 259.9 186.0 149.8 44.2 225.3 201.9 186.8 134.4 330.9
Non-Current Liabilities
Long-Term Debt 2,343.0 1,722.5 1,878.9 2,213.4 2,095.2 1,583.3 1,329.7 1,229.4 1,229.2 1,263.9 443.8 444.9 444.7 592.5 444.4 444.0 444.0 621.4 425.4
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 6,597.6 (1,722.5) 6,315.2 5,854.6 5,480.1 5,314.2 5,366.1 5,131.9 5,136.1 4,702.0 0 0 4,371.4 4,219.2 4,159.0 3,876.2 0 944.8 1,410.3
Total Non-Current Liabilities 9,590.9 0 8,787.2 8,068.1 7,575.3 6,897.5 6,695.8 6,361.3 6,365.3 5,966.0 443.8 444.9 4,816.1 4,811.7 4,603.4 4,320.2 444.0 1,566.2 1,835.7
Total Liabilities 9,582.6 9,356.6 9,246.6 8,406.9 7,815.3 6,943.1 7,134.9 6,765.0 6,643.1 6,008.5 4,343.8 4,640.7 4,965.9 4,855.9 4,828.7 4,522.1 5,239.0 1,700.6 2,166.6
Stockholders' Equity
Common Stock 0.4 1,185.2 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0 3,506.7
Retained Earnings (397.7) 0 (294.4) (267.4) (227.1) (187.0) (156.7) (118.5) (59.5) (34.7) (7.6) (3.7) (14.0) 2.7 0.5 (4.8) 41.3 0 0
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 1,133.4 1,185.2 1,143.5 991.9 823.1 784.1 723.2 714.2 720.4 579.2 535.1 528.2 509.2 509.7 499.5 484.8 521.4 1,606.6 3,506.7
Total Liabilities & Equity 13,307.3 13,492.9 13,019.7 11,966.3 11,314.0 10,535.1 10,522.0 10,071.3 9,939.4 9,369.7 7,383.0 7,770.2 7,967.3 7,941.7 8,596.7 8,587.1 9,664.3 8,962.0 10,770.0
Debt Metrics
Total Debt 2,984.9 1,722.5 2,488.2 2,213.4 2,095.2 1,583.3 1,329.7 1,229.4 1,229.2 1,263.9 443.8 444.9 444.7 592.5 444.4 444.0 444.0 621.4 425.4
Net Debt 2,120.3 896.4 1,407.9 1,101.4 1,273.2 775.3 165.2 108.4 138.5 598.7 (780.7) (452.7) (491.6) (520.1) (614.5) (741.2) (1,020.1) (356.7) (1,362.0)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Operating Activities
Net Income (123.3) 282.4 199.2 30.1 87.8 11.1 9.0 (57.6) (9.0) 13.2 (94.7) 40.0 35.7 (9.7) 44.7 (12.3) 162.8 833.8 520.5 2,140.4 1,161.3 1,143.8
Depreciation & Amortization 41.8 41.3 41.0 30.8 31.4 37.9 32.4 32.1 33.0 23.4 7.7 8.3 8.2 8.4 7.4 8.6 8.7 16.3 2.3 1.5 1.4 2.1
Stock-Based Compensation 255.1 0 0 415.5 0 0 0 0 227.9 0 0 0 157.3 296.7 0 0 185.9 0 0 0 0 0
Change in Working Capital (211.2) (382.4) (163.4) (199.0) (191.7) (629.0) (43.6) (115.6) 67.6 (733.6) 548.9 397.0 (50.6) 477.1 (32.7) (100.1) 672.2 392.4 1,058.5 (309.8) 219.0 (680.0)
Other Non-Cash Items 214.2 15.0 415.1 108.5 270.7 391.9 71.2 355.7 117.2 391.6 374.8 59.2 (114.8) (185.1) 208.1 94.6 (316.0) (825.1) (458.7) (2,137.9) (1,140.9) (1,106.6)
Operating Cash Flow 176.5 (43.7) 492.0 385.9 198.2 (188.1) 68.9 214.6 436.7 (512.0) 692.3 504.5 35.8 587.3 84.3 (9.3) 713.6 417.3 1,122.5 (305.7) 240.8 (640.8)
Investing Activities
Capital Expenditure (16.3) (9.3) (10.0) (3.1) (6.3) (1.5) (10.6) (6.5) (9.7) (6.2) (5.6) (4.1) (0.9) (0.1) (0.2) (0.9) (1.3) (0.2) (1.5) (0.1) 0 (2.6)
Acquisitions 0 0 (235.2) 0 0 0 0 (0.7) (15.7) (356.8) 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (450.4) 0 0 (398.1) 0 0 0 (264.0) (165.1) 0 (290.2) (188.1) (21.1) (65.6) (1,403.0) (18.2) (25.3) 0 0 0 0 (2.0)
Sales/Maturities of Investments 0 0 0 238.5 0 0 0 114.0 0 0 0 0 0 (1,014.5) (939.2) 0 0 0 0 0 0 0
Other Investing Activities (49.6) 0 0 159.6 0 0 0 150.0 165.1 0 290.2 188.1 21.1 1,080.2 2,342.2 17.0 25.9 (57.2) 28.0 1.8 (8.7) 0
Investing Cash Flow (516.3) (9.3) (245.2) (3.1) (6.3) (1.5) (10.6) (7.1) (25.3) (363.0) (5.6) (4.1) (0.9) (0.1) (0.2) (2.1) (0.6) (57.3) 26.5 1.8 (8.7) (4.6)
Financing Activities
Net Debt Issuance 619.8 (70) 190 127 201 (48) 100 (0.2) 299 501 0 (150) 0 0 0 0 0 200 (50) 0 0 (100)
Stock Repurchased 0 0 (2.9) (1.6) (180.1) (5.1) (1.0) (3.5) (58.0) (661.0) (261.0) (400.5) (6.0) (352.0) 379.6 (379.6) 0 (141.6) 0 0 0 0
Dividends Paid (326.9) (251.3) (495.4) (221.5) (260.9) (206.0) (204.8) (210.5) (211.2) (196.7) (95.9) (143.5) (207.1) (183.9) (209.8) (269.2) (355.3) (629.4) (178.3) (66.1) (192.9) (83.4)
Other Financing Activities 72.2 120.0 29.8 3.2 62.2 92.0 91.0 36.9 (15.4) 672.3 1.3 155.1 2.8 3.6 (379.1) 383.3 (696.4) (599.5) 128.4 (146.9) (168.2) (89.7)
Financing Cash Flow 365.1 (201.3) (278.5) (92.8) (177.8) (167.1) (14.8) (177.3) 14.3 315.6 (355.6) (538.9) (210.3) (532.3) (209.3) (265.5) (231.1) (1,170.5) (263.1) 472.1 (361.1) 526.9
Cash Position
Net Change in Cash 25.4 (254.3) (31.6) 289.9 14.1 (356.6) 43.6 30.2 425.7 (559.4) 331.1 (38.5) (175.4) 54.9 (125.2) (276.8) 481.9 (810.5) 885.9 168.1 (129.0) (118.6)
Cash at Beginning 839.3 1,093.6 1,125.2 835.3 821.2 1,177.8 1,134.2 1,104.0 678.4 1,237.8 906.7 945.2 1,120.7 1,065.8 1,191.0 1,467.8 985.9 1,796.4 910.5 742.4 871.4 989.9
Cash at End 864.6 839.3 1,093.6 1,125.2 835.3 821.2 1,177.8 1,134.2 1,104.0 678.4 1,237.8 906.7 945.2 1,120.7 1,065.8 1,191.0 1,467.8 985.9 1,796.4 910.5 742.4 871.4
Free Cash Flow 160.3 (53.0) 482.0 382.8 191.8 (189.5) 58.4 208.1 427.0 (518.2) 686.7 500.4 34.9 587.2 84.1 (10.2) 712.4 417.1 1,121.0 (305.9) 240.8 (643.4)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Income Statement
Revenue 496.2 1,491.1 840.0 696.0 743.3 744.5 636.0 607.6 635.3 672.9 290.5 445.8 446.6 386.7 422.7 97.8 597.2 1,135.7 745.9 2,340.8 1,359.1 1,339.3
Gross Profit 412.6 1,449.8 807.7 670.7 719.3 721.4 614.2 586.1 614.2 658.1 282.7 437.3 439.1 380.2 417.0 93.1 592.6 1,131.6 741.3 2,336.7 1,355.0 1,334.6
Operating Income (120.3) 296.4 228.1 39.3 94.2 22.5 (7.5) (35.2) (4.6) 69.2 (86.5) 53.2 47.8 (0.8) 53.6 (254.4) 177.8 836.7 521.8 2,142.1 1,164.4 1,147.7
Net Income (1.5) 77.1 49.3 14.9 25.4 13.0 9.0 (14.0) 15.5 13.2 14.7 27.2 25.1 (9.7) 37.4 (9.9) 41.3 325.9 520.5 2,140.4 1,161.3 608.2
EPS (Diluted) -0.22 0.50 0.20 -0.05 0.00 -0.06 -0.08 -0.04 0.02 0.04 -0.09 0.02 -0.01 -0.03 0.09 -0.37 0.11 10.54 6.73 27.69 15.02 7.69
Balance Sheet
Cash & Equivalents 864.6 826.1 1,080.3 1,112.0 822.0 808.0 1,164.5 1,121.0 1,090.7 665.2 1,224.5 897.6 936.3 1,112.6 1,058.9 1,185.3 1,464.1 978.1 1,787.4
Total Assets 13,307.3 13,492.9 13,019.7 11,966.3 11,314.0 10,535.1 10,522.0 10,071.3 9,939.4 9,369.7 7,383.0 7,770.2 7,967.3 7,941.7 8,596.7 8,587.1 9,664.3 8,962.0 10,770.0
Total Debt 2,984.9 1,722.5 2,488.2 2,213.4 2,095.2 1,583.3 1,329.7 1,229.4 1,229.2 1,263.9 443.8 444.9 444.7 592.5 444.4 444.0 444.0 621.4 425.4
Stockholders' Equity 1,133.4 1,185.2 1,143.5 991.9 823.1 784.1 723.2 714.2 720.4 579.2 535.1 528.2 509.2 509.7 499.5 484.8 521.4 1,606.6 3,506.7
Cash Flow
Operating Cash Flow 176.5 (43.7) 492.0 385.9 198.2 (188.1) 68.9 214.6 436.7 (512.0) 692.3 504.5 35.8 587.3 84.3 (9.3) 713.6 417.3 1,122.5 (305.7) 240.8 (640.8)
Capital Expenditure (16.3) (9.3) (10.0) (3.1) (6.3) (1.5) (10.6) (6.5) (9.7) (6.2) (5.6) (4.1) (0.9) (0.1) (0.2) (0.9) (1.3) (0.2) (1.5) (0.1) 0 (2.6)
Free Cash Flow 160.3 (53.0) 482.0 382.8 191.8 (189.5) 58.4 208.1 427.0 (518.2) 686.7 500.4 34.9 587.2 84.1 (10.2) 712.4 417.1 1,121.0 (305.9) 240.8 (643.4)