Targa Resources Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 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	52,495	39,605	38,871	19,338	16,820	11,922
Market Cap Growth	20.97%	1.89%	101.00%	14.97%	41.08%	98.17%
Enterprise Value	69,876	56,232	54,326	33,400	29,620	22,115
Last Close Price	244.39	184.50	178.50	86.87	73.50	52.24
PE Ratio	28.79	21.73	31.10	23.73	18.94	-746.29
Forward PE	24.39	20.26	23.77	15.65	13.74	19.90
PEG Ratio	1.19	0.98	0.86	1.04	0.81	-
PS Ratio	3.08	2.33	2.37	1.20	0.80	0.70
PB Ratio	17.10	12.91	14.99	7.06	6.31	5.93
P/TBV Ratio	17.28	13.04	15.24	7.17	6.37	5.94
P/FCF Ratio	89.87	80.20	56.84	23.41	19.99	6.63
P/OCF Ratio	13.40	10.11	10.65	6.02	7.06	5.18
EV/Sales Ratio	4.10	3.30	3.32	2.08	1.42	1.30
EV/EBITDA Ratio	14.42	11.56	13.14	8.42	10.44	12.67
EV/EBIT Ratio	20.98	16.88	20.16	12.72	17.13	25.57
EV/FCF Ratio	119.63	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	29.85	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	29.56	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	2.05%	2.05%	1.57%	2.19%	2.27%	1.57%
Payout Ratio	47.11%	44.17%	48.12%	51.12%	33.24%	263.34%
Buyback Yield / Dilution	1.99%	1.99%	2.08%	2.21%	-1.09%	1.55%
Total Shareholder Return	4.03%	4.04%	3.65%	4.40%	1.18%	3.12%

Updated Feb 19, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q