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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	38.3%+3.6pp	34.7%+1.1pp	33.5%+14.2pp	19.3%+0.3pp
Operating margin	19.6%+3.1pp	16.5%+0.1pp	16.4%+8.1pp	8.3%—
Net margin	11.3%+3.3pp	8%-0.4pp	8.4%+2.7pp	5.7%—
EBITDA margin	28.5%+3.3pp	25.1%+0.5pp	24.6%+11.1pp	13.5%—
Returns
Return on equity	67.9%+18.7pp	49.2%-0.6pp	49.8%-1.3pp	51.1%—
Return on assets	8%+2.0pp	6%-0.6pp	6.7%-0.2pp	6.9%—
Return on invested capital	84.3%+10.0pp	74.3%-0.8pp	75.1%+6.6pp	68.6%—
Efficiency
Asset turnover	0.7×0.0×	0.8×0.0×	0.8×-0.4×	1.2×+0.1×
Inventory turnover	27.5×-2.8×	30.3×+2.4×	27.9×-33.8×	61.7×-20.3×
Liquidity
Current ratio	0.7×-0.1×	0.7×-0.1×	0.8×0.0×	0.8×0.0×
Quick ratio	0.5×-0.1×	0.6×0.0×	0.7×0.0×	0.6×-0.1×
Cash ratio	0×0.0×	0×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	0.2×0.0×	0.2×0.0×	0.1×0.0×	0.1×+0.1×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	0.1×0.0×	0.1×0.0×	0.1×0.0×	0×—
Per Share
Book value per share	$14.14+20.7%	$11.71-3.4%	$12.12+5.1%	$11.53+31.1%
Valuation
Market capitalization	$39.6B+1.7%	$38.92B+101%	$19.34B+16.2%	$16.64B+39.1%
Enterprise value	$39.91B+1.9%	$39.18B+100%	$19.56B+17.2%	$16.69B+40.5%
Price / earnings	20.6×-9.1×	29.7×+15.3×	14.4×+0.5×	13.9×—
Price / sales	2.3×-0.1×	2.4×+1.2×	1.2×+0.4×	0.8×+0.1×
Price / book	12.9×-2.1×	15×+8.0×	7.1×+0.8×	6.2×+0.3×
EV / EBITDA	8.2×-1.3×	9.5×+4.6×	4.9×-1.0×	5.9×—
EV / sales	2.3×0.0×	2.4×+1.2×	1.2×+0.4×	0.8×+0.1×
Earnings yield	4.9%+1.5pp	3.4%-3.6pp	7%-0.2pp	7.2%—
PEG ratio	0.4×—	——	1.1×—	——

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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.