Targa Resources Ratios and Metrics

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 13, 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	38,980	29,918	29,363	14,608	12,706	9,006
Market Cap Growth	15.37%	1.89%	101.00%	14.97%	41.08%	98.17%
Enterprise Value	52,208	42,478	41,038	25,230	22,375	16,706
PE Ratio	28.49	21.73	31.10	23.73	18.94	-746.29
Forward PE	23.42	20.26	23.77	15.65	13.74	19.90
PS Ratio	3.08	2.33	2.37	1.20	0.80	0.70
PB Ratio	16.40	12.91	14.99	7.06	6.31	5.93
P/TBV Ratio	16.92	13.04	15.24	7.17	6.37	5.94
P/FCF Ratio	89.82	80.20	56.84	23.41	19.99	6.63
P/OCF Ratio	13.39	10.11	10.65	6.02	7.06	5.18
EV/Sales Ratio	4.06	3.30	3.32	2.08	1.42	1.30
EV/EBITDA Ratio	13.68	11.56	13.14	8.42	10.44	12.67
EV/EBIT Ratio	20.67	16.88	20.16	12.72	17.13	25.57
EV/FCF Ratio	120.30	113.88	79.44	40.43	35.21	12.30
Debt / Equity Ratio	5.21	5.21	3.12	2.68	2.15	1.24
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	3.51%	4.60%	3.22%	4.21%	5.28%	-0.13%
FCF Yield	1.11%	1.25%	1.76%	4.27%	5.00%	15.08%
Dividend Yield	1.25%	2.05%	1.57%	2.19%	2.27%	1.57%
Payout Ratio	42.55%	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	3.04%	3.84%	3.65%	4.41%	3.82%	2.02%

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