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EV / sales at other companies

Oneok logo
OneokOKE
2.5×-1.1×
Enterprise Products Partners logo
Enterprise Products PartnersEPD
2.2×+0.4×
Energy Transfer logo
Energy TransferET
1.5×0.0×
Kinder Morgan logo
Kinder MorganKMI
-0.1×
MPLX logo
MPLXMPLX
4.4×+0.1×
Antero Midstream Corporation logo
Antero Midstream CorporationAM
12×+1.5×

Other financials

Income statement

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Revenue$4.1B-10.2%
Gross profit$1.7B+30.4%
Operating income$846.9M+55.9%
Net income$479.6M+77.3%
EPS (diluted)$2.21+143%

Balance sheet

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Cash & equivalents$100.1M-33.9%
Total debt$346.5M+17.0%
Total equity$3.1B+27.9%
Total assets$27.1B+18.9%

Cash flow

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Operating cash flow$739.5M-22.5%
CapEx$899.5M+13.5%
Free cash flow-$160.0M-199%

Valuation

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Market cap$55.5B+23.5%
Enterprise value$55.75B+23.6%
P/E26×-8.4×
P/S3.4×+0.6×

Profitability

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Gross margin41.8%+7.3pp
Operating margin21.9%+6.1pp
Net margin12.9%+4.9pp

Returns & leverage

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Return on equity76.3%+25.6pp
Debt / equity0.1×0.0×
Current ratio0.7×+0.1×

Where this comes from

Calculated from Targa Resources’s reported figures.

Based on the most recent quarter.

The official record: Targa Resources’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Targa Resources's EV / sales?
Targa Resources (TRGP) reported EV / sales of 3.3× in Q1 2026.
How has Targa Resources's EV / sales changed year-over-year?
Targa Resources's EV / sales increased by 22.3% year-over-year, from 2.7× to 3.3×.
What is the long-term trend for Targa Resources's EV / sales?
Over 5 years (2020 to 2025), Targa Resources's EV / sales has grown at a 26.9% compound annual growth rate (CAGR), from 0.7× to 2.3×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.