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Gross margin at other companies

Oneok logo
OneokOKE
29.6%-6.0pp
Energy Transfer logo
Energy TransferET
25.2%-0.6pp
Kinder Morgan logo
Kinder MorganKMI
66.9%-2.7pp
EQT Corporation logo
EQT CorporationEQT
84.9%+16.1pp
Chevron logo
ChevronCVX
43.2%+2.8pp
CNP
CenterPoint EnergyCNP
100%0.0pp

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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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 trailing twelve months.

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 gross margin?
Targa Resources (TRGP) reported gross margin of 41.8% in Q1 2026.
How has Targa Resources's gross margin changed year-over-year?
Targa Resources's gross margin increased by 21.3% year-over-year, from 34.4% to 41.8%.
What is the long-term trend for Targa Resources's gross margin?
Over 5 years (2020 to 2025), Targa Resources's gross margin has grown at a 0.6% compound annual growth rate (CAGR), from 37.2% to 38.3%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.