Targa Resources Corp. (TRGP)

Targa Resources Ratios and Metrics

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

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 23, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	64,838	39,605	38,924	19,370	16,639	11,961
Market Cap Growth	95.07%	1.75%	100.95%	16.41%	39.10%	97.99%
Enterprise Value	84,283	57,039	55,017	34,058	30,050	22,484
Last Close Price	302.37	181.82	172.09	81.90	67.68	47.10

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 23, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	28.90	21.51	30.66	23.39	18.55	-
Forward PE	26.43	20.26	23.77	15.65	13.74	19.90
PS Ratio	3.87	2.33	2.38	1.21	0.80	0.71
PB Ratio	17.73	12.38	8.81	4.20	3.34	2.02
P/TBV Ratio	41.80	30.37	68.31	56.32	-	13.04
P/FCF Ratio	87.51	67.80	56.92	23.45	15.90	6.65
P/OCF Ratio	15.13	10.11	10.67	6.03	6.99	5.19
PEG Ratio	1.09	0.98	0.86	1.04	0.81	6.95

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 23, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	5.03	3.35	3.36	2.12	1.44	1.33
EV/EBITDA Ratio	15.33	11.77	13.36	8.61	10.62	10.26
EV/EBIT Ratio	21.92	17.12	20.41	12.97	17.38	17.07
EV/FCF Ratio	113.76	97.65	80.45	41.22	28.72	12.51

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 23, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	5.16	5.49	3.23	2.83	2.32	1.12
Debt / EBITDA Ratio	3.44	3.48	3.33	3.17	3.96	2.97
Debt / FCF Ratio	26.43	30.04	20.90	15.77	11.07	3.70
Net Debt / Equity Ratio	5.12	5.43	3.20	2.80	2.28	1.09
Net Debt / EBITDA Ratio	3.54	3.59	3.43	3.26	4.01	2.96
Net Debt / FCF Ratio	26.25	29.76	20.67	15.60	10.86	3.61
Asset Turnover	0.64	0.71	0.76	0.80	1.20	1.09
Inventory Turnover	25.19	27.52	30.33	27.90	61.70	81.99
Quick Ratio	0.61	0.46	0.56	0.58	0.53	0.65
Current Ratio	0.77	0.67	0.72	0.80	0.77	0.77
Return on Equity (ROE)	70.84%	51.38%	34.41%	32.93%	28.07%	6.96%
Return on Assets (ROA)	9.24%	8.68%	7.76%	8.16%	6.22%	5.30%
Return on Invested Capital (ROIC)	13.28%	13.40%	11.99%	12.62%	11.07%	9.72%
Return on Capital Employed (ROCE)	15.30%	15.40%	13.80%	14.70%	10.50%	10.20%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 23, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	3.46%	4.86%	3.37%	6.95%	7.18%	0.60%
FCF Yield	1.14%	1.47%	1.76%	4.26%	6.29%	15.03%
Dividend Yield	1.65%	2.17%	1.68%	2.30%	1.90%	1.24%
Payout Ratio	45.40%	42.55%	46.91%	31.75%	31.76%	263.34%
Buyback Yield / Dilution	1.51%	1.99%	2.08%	2.21%	-1.09%	1.55%
Total Shareholder Return	3.16%	4.16%	3.76%	4.51%	0.81%	2.79%

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 23, 2026

Data Sources Report a data error