What are Targa Resources's profit margins?

Targa Resources (TRGP) runs a 41.8% gross margin and a 21.9% operating margin, with a 12.9% net margin.

Where do Targa Resources's ratios come from?

Every ratio is computed from Targa Resources's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Targa Resources TRGP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	41.8%+3.5pp	38.3%+2.3pp	36%+0.3pp	35.7%+1.3pp	34.4%-0.2pp
Operating margin	21.9%+2.4pp	19.6%+1.6pp	17.9%+0.3pp	17.6%+1.7pp	15.9%-0.6pp
Net margin	12.9%+1.6pp	11.3%+1.3pp	9.9%+0.4pp	9.6%+1.6pp	8%0.0pp
Returns
Return on equity	76.3%+8.4pp	67.9%+2.5pp	65.5%+0.7pp	64.8%+14.1pp	50.7%+1.5pp
Return on invested capital	95.8%+11.5pp	84.3%-1.7pp	86%-2.7pp	88.7%+12.6pp	76.1%+1.8pp
Efficiency
Asset turnover	0.7×0.0×	0.7×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Liquidity
Current ratio	0.7×+0.1×	0.7×-0.1×	0.8×+0.1×	0.7×0.0×	0.6×-0.1×
Leverage
Debt-to-equity	0.1×0.0×	0.2×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Net debt / EBITDA	0×0.0×	0.1×0.0×	0.1×0.0×	0×0.0×	0×0.0×
Per Share
Book value per share	$14.55+2.9%	$14.14+12.9%	$12.53+5.2%	$11.91+6.3%	$11.21-4.3%
Valuation
Market capitalization	$53.86B+36.0%	$39.6B+9.9%	$36.05B-0.9%	$36.39B-16.6%	$43.62B+12.1%
Price / earnings	25.3×+4.7×	20.6×-0.3×	20.9×-1.4×	22.2×-11.1×	33.4×+3.7×
Price / sales	3.3×+0.9×	2.3×+0.3×	2.1×-0.1×	2.1×-0.5×	2.7×+0.3×
Price / book	17.2×+4.3×	12.9×-0.4×	13.3×-0.7×	14.1×-3.7×	17.8×+2.8×
EV / EBITDA	10.4×+2.2×	8.2×+0.4×	7.9×-0.3×	8.2×-2.6×	10.8×+1.3×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Targa Resources.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

Questions, answered.

What are Targa Resources's profit margins?: Targa Resources (TRGP) runs a 41.8% gross margin and a 21.9% operating margin, with a 12.9% net margin.
Where do Targa Resources's ratios come from?: Every ratio is computed from Targa Resources's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.