Companies / Energy
TRGP
Targa Resources
Oil & Gas Storage & Transportation
Oil & Gas Storage & TransportationAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health47
Growth52
Profitability56
Cash generation17
Balance sheet19
Dilution control92
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)34.9%Revenue growth (FY)20.5%Revenue CAGR (3y)-4.9%Gross margin38.3%Operating margin19.6%Net margin11.3%Free cash flow margin3.4%R&D / revenue—Stock comp / revenue0.4%Net debt / operating cash flow4.41xCurrent ratio0.67Diluted share count change-2.0%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $16.1B | $19.8B | $13.5B | $14.1B | $17.0B |
| Gross profit | $2.4B | $2.9B | $2.8B | $3.4B | $6.5B |
| Operating income | $865M | $1.7B | $2.6B | $2.7B | $3.3B |
| Net income | $71M | $1.2B | $1.3B | $1.3B | $1.9B |
| Operating cash flow | $2.3B | $2.4B | $3.2B | $3.6B | $3.9B |
| Capital expenditure | $505M | $1.3B | $2.4B | $3.0B | $3.3B |
| Free cash flow | $1.8B | $1.0B | $826M | $684M | $584M |
| Stock-based comp | $59M | $58M | $62M | $63M | $70M |
| Cash | $158M | $219M | $142M | $157M | $166M |
| Total debt | $6.6B | $11.5B | $13.0B | $14.2B | $17.4B |
| Equity | $2.0B | $2.7B | $2.7B | $2.6B | $3.1B |
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