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Targa Resources Corp.

TRGP

$256.81 ▼ -11.45 (-4.27%) at close

17 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Neutral

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Analytical Summary

Targa Resources Corp. shows mixed fundamentals. However, watch Debt to Equity which shows concerning trends. Consider comparing against peers in the Energy sector before making investment decisions.

Market Cap $55.5B

Dividend Yield 1.46%

Revenue Growth 3.9% ↗

Op. Margin 19.6% ↗

ROIC 12.8% →

FCF / Share None

Trailing P/E 30.1x

Price / Book 18.0x

FCF Yield —

Debt / Equity 5.68

info Valuation on last close. End-of-day price, Aug 7, 2026.

17-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$17.03B

↑ +3.9% —

Net Income Profit after all expenses

$1.92B

↑ +46.6% —

Operating Margin Operating profit as % of sales

19.6%

↑ +18.9% 74th

Long-Term Debt Long-term obligations

$17.43B

↑ +23.0% —

trending_up

Bullish Indicators

Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Profitability ↑

Returns ↑

Financial Health ↑

Dividend History

Dividend / share · sourced from SEC filings

$3.75 Latest / share

+36.4% YoY

+0.3% 10-yr CAGR

FY 2014

FY 2015

$3.64

FY 2016

$3.64

FY 2017

$3.64

FY 2018

$3.64

FY 2019

$1.21

FY 2020

$0.40

FY 2021

$1.40

FY 2022

$1.85

FY 2023

$2.75

FY 2024

$3.75

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue Growth YoY (%)	3.9% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-21%)	2.0% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-60%)	-23.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-565%)	23.5% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+370%)	105.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2004%)	-4.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-195%)	-17.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-446%)	18.9% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+279%)	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	47.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	56.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-6.6% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	99.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-404.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-171.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-71.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	82.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	-55.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	56.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	67.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	24.0% Good Good Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—
Net Income Growth YoY (%)	46.6% Excellent ↓ Excellent Declining Year-over-year change in net income	-2.5% Weak ↓ Weak Declining Year-over-year change in net income	12.6% Fair ↓ Fair Declining Year-over-year change in net income	1579.1% Excellent Excellent Year-over-year change in net income	N/M	-642.8% Weak Weak Year-over-year change in net income	N/M	-97.0% Weak Weak Year-over-year change in net income	N/M	N/M	-43.0% Weak ↓ Weak Declining Year-over-year change in net income	57.1% Excellent ↑ Excellent Improving Year-over-year change in net income	70.9% Excellent Excellent Year-over-year change in net income	24.1% Good Good Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	-6.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	24.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	34.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	17.4% Excellent Excellent Compound annual revenue growth over 3 years	-2.1% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	15.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	13.6% Excellent → Excellent Stable Compound annual revenue growth over 5 years	8.9% Good Good Compound annual revenue growth over 5 years	18.9% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	29.2% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	5.4% Fair Fair Compound annual EPS growth over 3 years	48.2% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Operating Margin (%) (%)	19.6% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+30%)	16.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	16.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	8.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	5.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	-15.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-205%)	2.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	2.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	-1.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-109%)	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	21.3% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.8% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.7% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	7.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.8% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	188.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	8.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	135.6% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.7% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	-35.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—
Profit Margin (%) (%)	11.3% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+41%)	8.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	8.4% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	5.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	0.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-95%)	-18.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-335%)	-2.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-130%)	0.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-100%)	0.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	—	—	—	—	—	—	—	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Return on Invested Capital (%)	12.8% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	12.9% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	13.6% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.2% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	9.7% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	-10.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-1.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	1.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	0.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	2.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	16.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	9.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.0% Good Good Return earned on debt + equity capital invested Optimal: > 10%	16.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	13.2% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	11.9% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	12.7% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	8.8% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	-8.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	9.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	9.2% Fair Fair Operating profit relative to total assets Optimal: > 10%	5.8% Caution Caution Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	62.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+422%)	50.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+322%)	49.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+309%)	44.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+274%)	3.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-71%)	-58.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-588%)	-4.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-135%)	0.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-100%)	0.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-93%)	-3.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-130%)	4.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-67%)	60.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+402%)	43.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+265%)	26.4% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+120%)	19.4% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+62%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Debt to Equity (x)	5.68x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1036%)	5.47x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+994%)	4.73x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+846%)	4.33x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+766%)	3.28x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+556%)	2.92x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+484%)	1.59x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+218%)	1.10x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+119%)	0.82x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+64%)	0.93x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+86%)	4.06x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+713%)	16.99x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+3299%)	20.09x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+3918%)	17.41x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+3381%)	9.91x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+1882%)	—	—
Interest Coverage (x)	4.20x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	3.78x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	4.25x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	4.31x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.43x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	-3.48x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.67x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.09x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.58x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.20x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.74x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	51.65x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	3.03x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.78x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	3.14x Fair Fair Operating income divided by interest expense Optimal: > 5x	1.77x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$17.27B	$14.02B	$12.81B	$11.32B	$6.44B	$7.51B	$7.49B	$6.43B	$4.92B	$4.81B	$5.80B	$2.80B	$2.92B	$2.43B	$1.42B	$-188.40M	$-252.40M
Debt / EBITDA (x)	3.60x Caution → Caution Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.44x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.27x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.08x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.80x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-17.68x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.72x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.32x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.35x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.00x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.10x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.91x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.67x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.70x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.94x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue per Share (USD)	$78.80	$74.39	$71.51	$92.08	$74.15	$35.57	$37.30	$46.76	$42.60	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$8.52	$5.77	$3.69	$3.95	$-0.07	$-7.26	$-1.44	$-0.53	$-0.31	$-1.80	$1.09	$2.44	$1.56	$0.93	$0.75	$-30.94	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$3.75	$2.75	$1.85	$1.40	$0.40	$1.21	$3.64	$3.64	$3.64	$3.64	—	—	—	—	—	—	—
Book Value per Share (USD)	$14.29	$11.90	$12.31	$11.79	$8.82	$11.64	$21.13	$26.23	$28.31	$28.41	$26.09	$4.03	$3.53	$3.41	$3.73	—	—
Tangible Book Value per Share (USD)	$13.77	$11.70	$12.10	$11.59	$8.62	$11.44	$20.94	$26.03	$27.14	$27.28	$18.64	$4.03	$-11.97	$3.41	$3.73	—	—
Basic Weighted Avg Shares (shares)	216.10M	220.20M	224.60M	227.30M	228.60M	232.20M	232.50M	224.20M	206.90M	154.40M	53.50M	42.00M	41.60M	41.00M	41.00M	6.50M	—
Dividend Payout Ratio (%)	44.0% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	47.7% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	50.1% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	35.4% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-571.4% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-16.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-252.8% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-686.8% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	-1174.2% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	-202.2% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Working Capital (USD)	$-1.18B	$-876.30M	$-566.30M	$-710.10M	$-528.70M	$-319.10M	$-214.30M	$-1.38B	$-346.70M	$-160.80M	$45.10M	$56.00M	$126.80M	$46.70M	$125.40M	—	—
LT Debt (USD)	$17.43B	$14.17B	$12.95B	$11.54B	$6.60B	$7.76B	$7.82B	$6.66B	$5.05B	$4.88B	$5.94B	$2.89B	$2.99B	$2.51B	$1.57B	—	—
Total Equity (USD)	$3.07B	$2.59B	$2.74B	$2.67B	$2.01B	$2.65B	$4.92B	$6.08B	$6.16B	$5.25B	$1.46B	$169.80M	$148.80M	$144.10M	$158.10M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Sales/Revenue/Turnover (USD)	$17.03B	$16.38B	$16.06B	$20.93B	$16.95B	$8.26B	$8.67B	$10.48B	$8.81B	—	—	—	—	—	—	—	—
Depreciation Expense (USD)	$1.52B	$1.42B	$1.33B	$1.10B	$870.60M	$865.10M	$971.60M	$815.90M	$809.50M	$757.70M	$677.10M	$351.00M	$271.90M	$197.60M	$181.00M	$185.50M	—
Net Income, GAAP (USD)	$1.92B	$1.31B	$1.35B	$1.20B	$71.20M	$-1.55B	$-209.20M	$1.60M	$54.00M	$-187.30M	$58.30M	$102.30M	$65.10M	$38.10M	$30.70M	$-15.00M	—
Operating Cash Flow (USD)	$3.92B	$3.65B	$3.21B	$2.38B	$2.30B	$1.74B	$1.39B	$1.14B	$939.50M	—	—	—	—	$428.20M	$379.30M	$205.20M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 17 years · 64 quarters

Targa Resources Corp.

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