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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) Operating Margin (2016 - 2025)

Targa Resources (TRGP) has disclosed Operating Margin for 13 consecutive years, with 22.62% as the latest value for Q4 2025.

  • On a quarterly basis, Operating Margin rose 5867.0% to 22.62% in Q4 2025 year-over-year; TTM through Dec 2025 was 19.56%, a 1708.0% increase, with the full-year FY2025 number at 19.56%, up 1708.0% from a year prior.
  • Operating Margin was 22.62% for Q4 2025 at Targa Resources, up from 20.16% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 24.26% in Q2 2025 to a low of 37.34% in Q4 2023.
  • A 5-year average of 5.8% and a median of 10.69% in 2021 define the central range for Operating Margin.
  • Biggest YoY gain for Operating Margin was 11087bps in 2021; the steepest drop was -6352bps in 2021.
  • Targa Resources' Operating Margin stood at 17.24% in 2021, then decreased by -14bps to 19.74% in 2022, then crashed by -89bps to 37.34% in 2023, then rose by 3bps to 36.05% in 2024, then skyrocketed by 163bps to 22.62% in 2025.
  • Per Business Quant, the three most recent readings for TRGP's Operating Margin are 22.62% (Q4 2025), 20.16% (Q3 2025), and 24.26% (Q2 2025).