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Targa Resources Corp. TRGP

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298.56 USD +3.83 (+1.30%)

At closeNov 3, 2026, 4:46 PM EST

298.56 0.00 0.00%

After hours · Nov 3, 4:46 PM ET

291.13 Day range 301.02
152.22 52-week range 316.60
YTD
+61.82%
1 year
+91.27%

Financial health

Altman Z-Score

2.60 Grey zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

7 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B-3 / 5 overall

  • DCF 2
  • Return on Equity 5
  • Return on Assets 4
  • Debt / Equity 1
  • P/E 2
  • P/B 1

Valuation

P/E 21.6×
FY 2016: -31.1×FY 2017: -156×FY 2018: -67.7×FY 2019: -28.4×FY 2020: -3.6×FY 2021: -742×FY 2022: 18.6×FY 2023: 23.5×FY 2024: 30.9×FY 2025: 21.6×
FY 2016 5y median 21.6× FY 2025
P/S 2.3×
FY 2016: 1.6×FY 2017: 1.1×FY 2018: 0.8×FY 2019: 1.1×FY 2020: 0.7×FY 2021: 0.7×FY 2022: 0.8×FY 2023: 1.2×FY 2024: 2.4×FY 2025: 2.3×
FY 2016 5y median 1.2× FY 2025
P/B 12.9×
FY 2016: 2.0×FY 2017: 1.6×FY 2018: 1.3×FY 2019: 1.9×FY 2020: 2.3×FY 2021: 5.9×FY 2022: 6.3×FY 2023: 7.1×FY 2024: 15.2×FY 2025: 12.9×
FY 2016 5y median 7.1× FY 2025
P/FCF 67.9×
FY 2016: 37.6×FY 2017: -27.7×FY 2018: -4.1×FY 2019: -6.4×FY 2020: 7.7×FY 2021: 6.6×FY 2022: 16.0×FY 2023: 23.6×FY 2024: 57.5×FY 2025: 67.9×
FY 2016 5y median 23.6× FY 2025
EV/EBITDA 11.8×
FY 2016: 20.2×FY 2017: 19.8×FY 2018: 12.7×FY 2019: 13.5×FY 2020: -43.2×FY 2021: 10.9×FY 2022: 8.8×FY 2023: 8.2×FY 2024: 12.9×FY 2025: 11.8×
FY 2016 5y median 10.9× FY 2025
EV/Sales 3.3×
FY 2016: 2.3×FY 2017: 1.7×FY 2018: 1.4×FY 2019: 2.0×FY 2020: 1.7×FY 2021: 1.1×FY 2022: 1.3×FY 2023: 2.1×FY 2024: 3.2×FY 2025: 3.3×
FY 2016 5y median 2.1× FY 2025
FCF Yield 1.5%
FY 2016: 2.7%FY 2017: -3.6%FY 2018: -24.4%FY 2019: -15.7%FY 2020: 12.9%FY 2021: 15.1%FY 2022: 6.3%FY 2023: 4.2%FY 2024: 1.7%FY 2025: 1.5%
FY 2016 5y median 4.2% FY 2025

Profitability

Gross Margin 26.5%
FY 2016: 6.2%FY 2017: 5.9%FY 2018: 7.4%FY 2019: 17.2%FY 2020: 18.4%FY 2021: 12.0%FY 2022: 12.9%FY 2023: 16.2%FY 2024: 20.0%FY 2025: 26.5%
FY 2016 5y median 16.2% FY 2025
Operating Margin 20.1%
FY 2016: 3.4%FY 2017: 3.6%FY 2018: 4.9%FY 2019: 2.2%FY 2020: 15.3%FY 2021: 10.4%FY 2022: 11.5%FY 2023: 14.0%FY 2024: 17.7%FY 2025: 20.1%
FY 2016 5y median 14.0% FY 2025
Net Margin 10.8%
FY 2016: -2.8%FY 2017: 0.6%FY 2018: 0.0%FY 2019: -2.4%FY 2020: -18.8%FY 2021: 0.4%FY 2022: 5.3%FY 2023: 5.3%FY 2024: 7.6%FY 2025: 10.8%
FY 2016 5y median 5.3% FY 2025
ROE 60.1%
FY 2016: -3.6%FY 2017: 0.9%FY 2018: 0.0%FY 2019: -4.3%FY 2020: -58.6%FY 2021: 3.5%FY 2022: 42.9%FY 2023: 30.2%FY 2024: 49.0%FY 2025: 60.1%
FY 2016 5y median 42.9% FY 2025
ROIC 12.1%
FY 2016: 1.1%FY 2017: -0.9%FY 2018: 3.1%FY 2019: -1.0%FY 2020: 7.4%FY 2021: 13.5%FY 2022: 13.2%FY 2023: 9.6%FY 2024: 11.8%FY 2025: 12.1%
FY 2016 5y median 12.1% FY 2025
ROA 7.3%
FY 2016: -1.5%FY 2017: 0.4%FY 2018: 0.0%FY 2019: -1.1%FY 2020: -9.8%FY 2021: 0.5%FY 2022: 5.8%FY 2023: 4.0%FY 2024: 5.6%FY 2025: 7.3%
FY 2016 5y median 5.6% FY 2025

Growth (YoY)

Revenue 3.1%
FY 2016: 1.0%FY 2017: 33.4%FY 2018: 19.1%FY 2019: -17.8%FY 2020: -4.6%FY 2021: 110.8%FY 2022: 24.3%FY 2023: -28.0%FY 2024: 6.5%FY 2025: 3.1%
FY 2016 FY 2025
Operating Income 17.1%
FY 2016: -38.1%FY 2017: 44.0%FY 2018: 61.4%FY 2019: -62.8%FY 2020: 555.9%FY 2021: 43.8%FY 2022: 36.5%FY 2023: -12.0%FY 2024: 34.6%FY 2025: 17.1%
FY 2016 FY 2025
EPS (diluted) 48.4%
FY 2016: -265.1%FY 2017: 82.8%FY 2018: -71.6%FY 2019: -170.0%FY 2020: -405.4%FY 2021: 99.0%FY 2022: 5611.4%FY 2023: -5.7%FY 2024: 56.8%FY 2025: 48.4%
FY 2016 FY 2025
Free Cash Flow -14.6%
FY 2016: 26.6%FY 2017: -230.0%FY 2018: -450.5%FY 2019: 24.5%FY 2020: 153.3%FY 2021: 126.7%FY 2022: -41.8%FY 2023: -21.1%FY 2024: -17.2%FY 2025: -14.6%
FY 2016 FY 2025

Financial Health

Current Ratio 0.7×
FY 2016: 0.9×FY 2017: 0.8×FY 2018: 0.5×FY 2019: 0.9×FY 2020: 0.8×FY 2021: 0.8×FY 2022: 0.8×FY 2023: 0.8×FY 2024: 0.7×FY 2025: 0.7×
FY 2016 5y median 0.8× FY 2025
Quick Ratio 0.5×
FY 2016: 0.7×FY 2017: 0.7×FY 2018: 0.4×FY 2019: 0.8×FY 2020: 0.7×FY 2021: 0.7×FY 2022: 0.6×FY 2023: 0.7×FY 2024: 0.6×FY 2025: 0.5×
FY 2016 5y median 0.6× FY 2025
Debt / Equity 5.7×
FY 2016: 0.9×FY 2017: 0.8×FY 2018: 1.1×FY 2019: 1.6×FY 2020: 2.9×FY 2021: 3.3×FY 2022: 4.3×FY 2023: 4.7×FY 2024: 5.5×FY 2025: 5.7×
FY 2016 5y median 4.7× FY 2025
Net Debt / EBITDA 3.6×
FY 2016: 6.4×FY 2017: 6.6×FY 2018: 5.6×FY 2019: 6.0×FY 2020: -23.9×FY 2021: 3.8×FY 2022: 3.5×FY 2023: 3.2×FY 2024: 3.4×FY 2025: 3.6×
FY 2016 5y median 3.5× FY 2025
Interest Coverage 4.0×
FY 2016: 0.9×FY 2017: 1.4×FY 2018: 2.0×FY 2019: 0.6×FY 2020: 3.2×FY 2021: 4.7×FY 2022: 5.6×FY 2023: 3.2×FY 2024: 3.8×FY 2025: 4.0×
FY 2016 5y median 4.0× FY 2025

Dividends

Dividend Yield 2.1%
FY 2016: 5.5%FY 2017: 8.5%FY 2018: 11.2%FY 2019: 10.2%FY 2020: 6.5%FY 2021: 1.6%FY 2022: 2.3%FY 2023: 2.2%FY 2024: 1.6%FY 2025: 2.1%
FY 2016 5y median 2.1% FY 2025
Payout Ratio 44.4%
FY 2016: -302.1%FY 2017: 1561.5%FY 2018: 56768.8%FY 2019: -461.2%FY 2020: -25.5%FY 2021: 263.3%FY 2022: 33.2%FY 2023: 51.6%FY 2024: 48.5%FY 2025: 44.4%
FY 2016 5y median 48.5% FY 2025

Annual · latest fiscal year ends 2025-12-31