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	Feb '26 Feb 23, 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	49,841	39,605	38,924	19,370	16,639	11,961
Market Cap Growth	11.80%	1.75%	100.95%	16.41%	39.10%	97.99%
Enterprise Value	67,221	57,039	55,017	34,058	30,050	22,484
Last Close Price	231.87	183.58	173.77	82.70	68.34	47.55
PE Ratio	27.31	21.51	30.66	23.39	18.55	-
Forward PE	23.18	20.26	23.77	15.65	13.74	19.90
PS Ratio	2.93	2.33	2.38	1.21	0.80	0.71
PB Ratio	16.22	12.38	8.81	4.20	3.34	2.02
P/TBV Ratio	38.22	30.37	68.31	56.32	-	13.04
P/FCF Ratio	85.33	67.80	56.92	23.45	15.90	6.65
P/OCF Ratio	12.72	10.11	10.67	6.03	6.99	5.19
PEG Ratio	0.94	-	-	-	-	-
EV/Sales Ratio	3.95	3.35	3.36	2.12	1.44	1.33
EV/EBITDA Ratio	13.87	11.77	13.36	8.61	10.62	10.26
EV/EBIT Ratio	20.18	17.12	20.41	12.97	17.38	17.07
EV/FCF Ratio	115.08	97.65	80.45	41.22	28.72	12.51
Debt / Equity Ratio	5.49	5.49	3.23	2.83	2.32	1.12
Debt / EBITDA Ratio	3.48	3.48	3.33	3.17	3.96	2.97
Debt / FCF Ratio	30.04	30.04	20.90	15.77	11.07	3.70
Net Debt / Equity Ratio	5.43	5.43	3.20	2.80	2.28	1.09
Net Debt / EBITDA Ratio	3.59	3.59	3.43	3.26	4.01	2.96
Net Debt / FCF Ratio	29.76	29.76	20.67	15.60	10.86	3.61
Asset Turnover	0.71	0.71	0.76	0.80	1.20	1.09
Inventory Turnover	27.52	27.52	30.33	27.90	61.70	81.99
Quick Ratio	0.46	0.46	0.56	0.58	0.53	0.65
Current Ratio	0.67	0.67	0.72	0.80	0.77	0.77
Return on Equity (ROE)	51.38%	51.38%	34.41%	32.93%	28.07%	6.96%
Return on Assets (ROA)	8.68%	8.68%	7.76%	8.16%	6.22%	5.30%
Return on Invested Capital (ROIC)	12.88%	13.40%	11.99%	12.62%	11.07%	9.72%
Return on Capital Employed (ROCE)	15.40%	15.40%	13.80%	14.70%	10.50%	10.20%
Earnings Yield	3.69%	4.86%	3.37%	6.95%	7.18%	0.60%
FCF Yield	1.17%	1.47%	1.76%	4.26%	6.29%	15.03%
Dividend Yield	2.16%	2.18%	1.73%	2.42%	2.05%	1.37%
Payout Ratio	47.11%	42.55%	46.91%	31.75%	31.76%	263.34%
Buyback Yield / Dilution	1.99%	1.99%	2.08%	2.21%	-1.09%	1.55%
Total Shareholder Return	4.14%	4.17%	3.81%	4.63%	0.95%	2.92%

Updated Feb 19, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q