Growth Metrics

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

Targa Resources (TRGP) has disclosed Net Margin for 13 consecutive years, with 13.44% as the latest value for Q4 2025.

  • On a quarterly basis, Net Margin rose 622.0% to 13.44% in Q4 2025 year-over-year; TTM through Dec 2025 was 10.88%, a 307.0% increase, with the full-year FY2025 number at 10.88%, up 307.0% from a year prior.
  • Net Margin was 13.44% for Q4 2025 at Targa Resources, up from 11.52% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 14.77% in Q2 2025 to a low of 6.16% in Q4 2021.
  • A 5-year average of 5.84% and a median of 6.09% in 2022 define the central range for Net Margin.
  • Biggest YoY gain for Net Margin was 8980bps in 2021; the steepest drop was -3345bps in 2021.
  • Targa Resources' Net Margin stood at 6.16% in 2021, then surged by 213bps to 6.98% in 2022, then decreased by -5bps to 6.61% in 2023, then increased by 9bps to 7.22% in 2024, then soared by 86bps to 13.44% in 2025.
  • Per Business Quant, the three most recent readings for TRGP's Net Margin are 13.44% (Q4 2025), 11.52% (Q3 2025), and 14.77% (Q2 2025).