TPG Inc.
TPG, TPGXL · Investment Advice · 317.9M shares · +1%/yr ↑ shares · EDGAR filings ↗
Reference price $56.32 · est. market cap ~$17.9B — last insider sale, 2025-07-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C60Leading global alternative asset manager ($303B AUM) with a quality franchise but mid-pack returns and volatile headline results.
Strengths
- Net income growth +686% (100th pct) off a recovering realization cycle; sizable diversified AUM franchise
- Solid operating cash margin (~22%) and a premier brand in alternatives
Risks
- Revenue -58% (6th pct) and thin net margin (4%, 21st pct), ROA 1.4% (26th pct) — returns are unremarkable
- High SBC (88th–90th pct), key-person dependence, and dual-class/Sunset governance overhang
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $826M cash & investments
- Revenue declineRevenue -58.4% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
4.0%
Return on assets
1.4%
Revenue growth (QoQ)
-58.4%
Net-income growth
686.0%
Cash & investments
$826M
Stock comp / revenue
17.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-12 | McRaven William H. | Grant | 7.4K | — |
| 2026-04-14 | Trujillo David | Tax withheld | 8.4K | $39.42 |
| 2026-04-14 | Chu Jennifer L. | Tax withheld | 20K | $39.42 |
| 2026-04-01 | Chu Jennifer L. | Tax withheld | 22K | $40.51 |
| 2026-01-13 | WINKELRIED JON | Tax withheld | 416K | $66.03 |
| 2026-01-13 | WINKELRIED JON | Grant | 500K | — |
| 2026-01-13 | WINKELRIED JON | Option exercise | 584K | — |
| 2026-01-13 | Weingart Jack | Tax withheld | 88K | $66.03 |
| 2026-01-13 | Weingart Jack | Grant | 158K | — |
| 2026-01-13 | Vazquez-Ubarri Anilu | Tax withheld | 66K | $66.03 |
| 2026-01-13 | Vazquez-Ubarri Anilu | Grant | 90K | — |
| 2026-01-13 | Trujillo David | Tax withheld | 16K | $66.03 |
| 2026-01-13 | Trujillo David | Grant | 95K | — |
| 2026-01-13 | Sisitsky Todd Benjamin | Tax withheld | 115K | $66.03 |
| 2026-01-13 | Sisitsky Todd Benjamin | Grant | 49K | — |
| 2026-01-13 | Sarvananthan Ganendran | Grant | 14K | — |
| 2026-01-13 | Rhodes Jeffrey K. | Tax withheld | 14K | $66.03 |
| 2026-01-13 | Rhodes Jeffrey K. | Grant | 42K | — |
| 2026-01-13 | Raj Nehal | Tax withheld | 244K | $66.03 |
| 2026-01-13 | Raj Nehal | Grant | 42K | — |
| 2026-01-13 | Harris Joann | Tax withheld | 2.3K | $66.03 |
| 2026-01-13 | Harris Joann | Grant | 4.3K | — |
| 2026-01-13 | Davis Kelvin L. | Tax withheld | 13K | $66.03 |
| 2026-01-13 | Davis Kelvin L. | Grant | 75K | — |
| 2026-01-13 | Davidson Martin | Tax withheld | 3.4K | $66.03 |
| 2026-01-13 | Davidson Martin | Grant | 14K | — |
| 2026-01-13 | COULTER JAMES G | Tax withheld | 102K | $66.03 |
| 2026-01-13 | COULTER JAMES G | Grant | 152K | — |
| 2026-01-13 | Chu Jennifer L. | Grant | 12K | — |
| 2025-12-03 | Vazquez-Ubarri Anilu | Gift | 19K | — |
| 2025-11-26 | Weingart Jack | Gift | 200K | — |
| 2025-11-25 | Trujillo David | Gift | 8.2K | — |
| 2025-11-20 | Raj Nehal | Gift | 136K | — |
| 2025-11-19 | WINKELRIED JON | Gift | 239K | — |
| 2025-11-19 | Sisitsky Todd Benjamin | Gift | 200K | — |
| 2025-11-19 | Rhodes Jeffrey K. | Gift | 91K | — |
| 2025-08-19 | COULTER JAMES G | Grant | 321K | — |
| 2025-08-14 | COULTER JAMES G | Gift | 200K | — |
| 2025-08-07 | Chu Jennifer L. | Option exercise | 46K | — |
| 2025-07-16 | MESSEMER DEBORAH M. | Sell | 1.8K | $56.32 |
| 2025-07-15 | MESSEMER DEBORAH M. | Grant | 2.8K | — |
| 2025-07-15 | CRANSTON MARY B | Grant | 2.8K | — |
| 2025-07-15 | Elsesser Kathy | Grant | 2.8K | — |
| 2025-07-15 | Bright Gunther | Grant | 2.8K | — |
| 2025-05-22 | Holloway Samantha | Sell | 21.0M | $46.57 |
| 2025-04-14 | Chu Jennifer L. | Grant | 161K | — |
| 2025-04-14 | Trujillo David | Tax withheld | 12K | $44.59 |
| 2025-03-19 | Berenson Bradford | Sell | 2.5K | $50.04 |
| 2025-03-05 | Berenson Bradford | Sell | 2.6K | $50.32 |
| 2025-02-17 | Elsesser Kathy | Grant | 5.8K | — |
| 2025-01-14 | MESSEMER DEBORAH M. | Sell | 1.7K | $61.91 |
| 2025-01-13 | Sisitsky Todd Benjamin | Grant | 47K | — |
| 2025-01-13 | Sarvananthan Ganendran | Grant | 138K | — |
| 2025-01-13 | Rhodes Jeffrey K. | Tax withheld | 8.1K | $62.40 |
| 2025-01-13 | Rhodes Jeffrey K. | Grant | 38K | — |
| 2025-01-13 | Raj Nehal | Tax withheld | 237K | $62.40 |
| 2025-01-13 | Raj Nehal | Grant | 38K | — |
| 2025-01-13 | Harris Joann | Tax withheld | 2.0K | $62.40 |
| 2025-01-13 | Harris Joann | Grant | 3.8K | — |
| 2025-01-13 | Davis Kelvin L. | Tax withheld | 9.3K | $62.40 |
| 2025-01-13 | Davis Kelvin L. | Grant | 23K | — |
| 2025-01-13 | Davidson Martin | Tax withheld | 2.7K | $62.40 |
| 2025-01-13 | Davidson Martin | Grant | 9.6K | — |
| 2025-01-13 | COULTER JAMES G | Tax withheld | 69K | $62.40 |
| 2025-01-13 | COULTER JAMES G | Grant | 189K | — |
| 2025-01-13 | Bright Gunther | Grant | 782 | $63.88 |
| 2025-01-13 | Weingart Jack | Tax withheld | 82K | $62.40 |
| 2025-01-13 | Weingart Jack | Grant | 34K | — |
| 2025-01-13 | Berenson Bradford | Tax withheld | 48K | $62.40 |
| 2025-01-13 | WINKELRIED JON | Tax withheld | 404K | $62.40 |
| 2025-01-13 | WINKELRIED JON | Grant | 123K | — |
| 2025-01-13 | WINKELRIED JON | Option exercise | 584K | — |
| 2025-01-13 | Vazquez-Ubarri Anilu | Tax withheld | 63K | $62.40 |
| 2025-01-13 | Vazquez-Ubarri Anilu | Grant | 13K | — |
| 2025-01-13 | Trujillo David | Tax withheld | 9.3K | $62.40 |
| 2025-01-13 | Trujillo David | Grant | 39K | — |
| 2025-01-13 | Sisitsky Todd Benjamin | Tax withheld | 107K | $62.40 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-22 | Exec/director changeExhibits | filing ↗ |
| 2026-06-05 | Shareholder voteExhibits | filing ↗ |
| 2026-05-01 | ResultsExhibits | filing ↗ |
| 2026-04-09 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-02-26 | Material agreementDebt obligationOtherExhibits | filing ↗ |
| 2026-02-05 | ResultsExhibits | filing ↗ |
| 2026-01-06 | 3.02Reg FDOtherExhibits | filing ↗ |
| 2025-12-22 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-22 | 2026-06-15 | 0001880661-26-000040 ↗ |
| 8-K | 2026-06-05 | 2026-06-03 | 0001880661-26-000036 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0001880661-26-000029 ↗ |
| 10-Q | 2026-05-01 | 2026-03-31 | 0001880661-26-000033 ↗ |
| 8-K | 2026-04-09 | 2026-04-08 | 0001880661-26-000019 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001193125-26-076645 ↗ |
| 10-K | 2026-02-17 | 2025-12-31 | 0001880661-26-000011 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001880661-26-000003 ↗ |
| 8-K | 2026-01-06 | 2026-01-05 | 0001193125-26-003402 ↗ |
| 8-K | 2025-12-22 | 2025-12-18 | 0001880661-25-000080 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001880661-25-000073 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0001880661-25-000077 ↗ |