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Targa Resources stock: key metrics
TRGPTarga Resources had an operating margin of 20.1% and a return on invested capital (ROIC) of 13.9% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2008 | 4.3% | 3.1% | 0.5% |
| 2009 | 7.5% | 4.8% | 0.6% |
| 2010 | 10.8% | 3.4% | −0.3% |
| 2011 | 7.0% | 5.0% | 0.4% |
| 2012 | 7.7% | 5.3% | 0.7% |
| 2013 | 7.8% | 5.4% | 1.0% |
| 2014 | 9.2% | 7.5% | 1.2% |
| 2015 | 8.0% | 5.5% | 0.9% |
| 2016 | 6.2% | 3.4% | −2.8% |
| 2017 | 5.9% | 3.6% | 0.6% |
| 2018 | 7.4% | 4.9% | 0.0% |
| 2019 | 17.2% | 2.2% | −2.4% |
| 2020 | 18.4% | 15.3% | −18.8% |
| 2021 | 12.0% | 10.4% | 0.4% |
| 2022 | 12.9% | 11.5% | 5.3% |
| 2023 | 16.2% | 14.0% | 5.3% |
| 2024 | 20.0% | 17.7% | 7.6% |
| 2025 | 26.5% | 20.1% | 10.8% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2008 | 27.7% | 8.9% | 1.0% |
| 2009 | 33.5% | 7.6% | 0.9% |
| 2010 | −10.4% | 6.2% | −0.4% |
| 2011 | 19.4% | 12.2% | 0.8% |
| 2012 | 26.4% | 7.3% | 0.7% |
| 2013 | 43.7% | 6.3% | 1.1% |
| 2014 | 60.2% | 10.6% | 1.6% |
| 2015 | 4.0% | 3.2% | 0.4% |
| 2016 | −3.6% | 1.6% | −1.5% |
| 2017 | 0.9% | 2.3% | 0.4% |
| 2018 | 0.0% | 3.7% | 0.0% |
| 2019 | −4.3% | 1.0% | −1.1% |
| 2020 | −58.6% | 6.8% | −9.8% |
| 2021 | 3.5% | 14.0% | 0.5% |
| 2022 | 42.9% | 16.3% | 5.8% |
| 2023 | 30.2% | 10.5% | 4.0% |
| 2024 | 49.0% | 13.1% | 5.6% |
| 2025 | 60.1% | 13.9% | 7.3% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 24 Oct 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.