Growth Metrics

Targa Resources (TRGP) Gross Margin (2016 - 2025)

Targa Resources (TRGP) has disclosed Gross Margin for 12 consecutive years, with 43.1% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 1232.0% to 43.1% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 38.29% through Dec 2025, up 1671.0% year-over-year, with the annual reading at 38.29% for FY2025, 2392.0% up from the prior year.
  • Gross Margin for Q4 2025 was 43.1% at Targa Resources, up from 39.62% in the prior quarter.
  • The five-year high for Gross Margin was 55.42% in Q4 2024, with the low at 1.31% in Q2 2024.
  • Average Gross Margin over 5 years is 16.99%, with a median of 12.09% recorded in 2024.
  • The sharpest move saw Gross Margin tumbled -3246bps in 2021, then skyrocketed 4413bps in 2025.
  • Over 5 years, Gross Margin stood at 7.11% in 2021, then skyrocketed by 198bps to 21.22% in 2022, then tumbled by -40bps to 12.65% in 2023, then skyrocketed by 338bps to 55.42% in 2024, then fell by -22bps to 43.1% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 43.1%, 39.62%, and 42.82% for Q4 2025, Q3 2025, and Q2 2025 respectively.