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	Feb '26 Feb 19, 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 Capitalization	36,858	29,426	31,092	15,207	13,809	8,834
Market Cap Growth	3.50%	-5.36%	104.46%	10.12%	56.32%	99.64%
Enterprise Value	49,780	42,380	43,946	26,738	24,940	16,605
Last Close Price	171.04	136.16	138.67	64.43	56.24	34.58
PE Ratio	26.78	21.38	30.66	23.39	18.55	-
PS Ratio	2.91	2.33	2.38	1.21	0.80	0.71
PB Ratio	17.51	13.98	8.81	4.20	3.34	2.02
P/TBV Ratio	50.94	40.67	68.31	56.32	-	13.04
P/FCF Ratio	-	-	56.92	23.45	15.90	6.65
P/OCF Ratio	-	-	10.67	6.03	6.99	5.19
EV/Sales Ratio	3.94	3.35	3.36	2.12	1.44	1.33
EV/EBITDA Ratio	13.87	11.81	13.33	8.60	10.62	10.26
EV/EBIT Ratio	20.09	17.12	20.41	12.97	17.38	17.07
EV/FCF Ratio	-	-	80.45	41.22	28.72	12.51
Debt / Equity Ratio	6.15	6.15	3.23	2.83	2.32	1.12
Debt / EBITDA Ratio	3.61	3.61	3.32	3.17	3.96	2.97
Debt / FCF Ratio	-	-	20.90	15.77	11.07	3.70
Net Debt / Equity Ratio	6.11	6.11	3.20	2.80	2.28	1.09
Net Debt / EBITDA Ratio	3.58	3.58	3.42	3.25	4.01	2.96
Net Debt / FCF Ratio	-	-	20.67	15.60	10.86	3.61
Asset Turnover	-	-	0.76	0.80	1.20	1.09
Inventory Turnover	-	-	30.33	27.90	61.70	81.99
Quick Ratio	-	-	0.56	0.58	0.53	0.65
Current Ratio	-	-	0.72	0.80	0.77	0.77
Return on Equity (ROE)	53.96%	53.96%	34.41%	32.93%	28.07%	6.96%
Return on Assets (ROA)	-	-	7.76%	8.16%	6.22%	5.30%
Return on Invested Capital (ROIC)	13.02%	13.55%	11.99%	12.62%	11.07%	9.72%
Return on Capital Employed (ROCE)	-	-	13.80%	14.70%	10.50%	10.20%
Earnings Yield	3.73%	4.86%	3.37%	6.95%	7.18%	0.60%
FCF Yield	-	-	1.76%	4.26%	6.29%	15.03%
Dividend Yield	1.31%	2.18%	1.73%	2.44%	2.07%	1.39%
Payout Ratio	-	-	46.91%	31.75%	31.76%	263.34%
Buyback Yield / Dilution	2.92%	2.92%	2.08%	2.21%	-1.09%	1.55%
Total Shareholder Return	4.23%	5.10%	3.81%	4.64%	0.97%	2.94%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.