Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Targa Resources (TRGP) FCF Margin (2016 - 2026)

Targa Resources has reported FCF Margin over the past 12 years, most recently at 13.37% for Q4 2025.

  • Quarterly FCF Margin fell 27.0% to 13.37% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 3.43% through Dec 2025, down 74.0% year-over-year, with the annual reading at 3.43% for FY2025, 74.0% down from the prior year.
  • FCF Margin was 13.37% for Q4 2025 at Targa Resources, up from 1.75% in the prior quarter.
  • Over five years, FCF Margin peaked at 16.07% in Q1 2021 and troughed at 7.47% in Q3 2024.
  • The 5-year median for FCF Margin is 5.11% (2024), against an average of 5.65%.
  • The largest YoY upside for FCF Margin was 1446bps in 2021 against a maximum downside of -1355bps in 2021.
  • A 5-year view of FCF Margin shows it stood at 5.89% in 2021, then crashed by -93bps to 0.41% in 2022, then surged by 1273bps to 5.61% in 2023, then skyrocketed by 143bps to 13.64% in 2024, then dropped by -2bps to 13.37% in 2025.
  • Per Business Quant, the three most recent readings for TRGP's FCF Margin are 13.37% (Q4 2025), 1.75% (Q3 2025), and 1.12% (Q2 2025).