Targa Resources Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 2, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	45,239	34,011	33,380	16,607	14,444	10,238
Market Cap Growth	3.62%	1.89%	101.00%	14.97%	41.08%	98.17%
Enterprise Value	60,340	48,950	46,986	29,215	26,152	19,131
PE Ratio	28.85	21.73	31.10	23.73	18.94	-746.29
Forward PE	24.38	20.26	23.77	15.65	13.74	19.90
PS Ratio	3.12	2.33	2.37	1.20	0.80	0.70
PB Ratio	16.61	12.91	14.99	7.06	6.31	5.93
P/TBV Ratio	15.08	13.04	15.24	7.17	6.37	5.94
P/FCF Ratio	90.94	80.20	56.84	23.41	19.99	6.63
P/OCF Ratio	13.56	10.11	10.65	6.02	7.06	5.18
EV/Sales Ratio	4.11	3.35	3.34	2.12	1.46	1.31
EV/EBITDA Ratio	13.85	11.72	13.24	8.57	10.74	12.76
EV/EBIT Ratio	20.93	17.11	20.30	12.95	17.61	25.76
EV/FCF Ratio	121.29	115.44	80.00	41.18	36.20	12.39
Debt / Equity Ratio	5.45	5.45	3.21	2.81	2.32	1.27
Debt / EBITDA Ratio	3.58	3.58	3.43	3.26	4.07	3.78
Debt / FCF Ratio	35.30	35.30	20.73	15.68	13.71	3.67
Net Debt / Equity Ratio	5.63	5.63	5.41	4.68	4.25	3.20
Net Debt / EBITDA Ratio	3.55	3.55	3.39	3.23	3.99	3.69
Net Debt / FCF Ratio	34.97	34.97	20.50	15.51	13.45	3.58
Asset Turnover	0.71	0.71	0.75	0.80	1.20	1.09
Inventory Turnover	30.92	30.92	33.66	30.72	65.04	86.45
Quick Ratio	0.46	0.46	0.56	0.58	0.53	0.65
Current Ratio	0.67	0.67	0.72	0.79	0.77	0.77
Return on Equity (ROE)	51.38%	51.38%	34.41%	32.93%	30.14%	7.62%
Return on Assets (ROA)	10.93%	10.93%	9.96%	10.61%	9.16%	5.38%
Return on Invested Capital (ROIC)	12.18%	12.18%	11.11%	11.77%	10.28%	5.97%
Return on Capital Employed (ROCE)	16.16%	16.16%	14.39%	15.27%	11.76%	6.40%
Earnings Yield	3.47%	4.60%	3.22%	4.21%	5.28%	-0.13%
FCF Yield	1.10%	1.25%	1.76%	4.27%	5.00%	15.08%
Dividend Yield	1.61%	2.05%	1.57%	2.19%	2.27%	1.57%
Payout Ratio	47.60%	44.17%	48.12%	51.12%	33.24%	263.34%
Buyback Yield / Dilution	1.79%	1.79%	2.09%	2.22%	1.55%	0.45%
Total Shareholder Return	3.40%	3.84%	3.65%	4.41%	3.82%	2.02%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.