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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 - 2026)

Targa Resources has reported Operating Margin over the past 12 years, most recently at 46.65% for Q4 2025.

  • Quarterly Operating Margin fell 6255.0% to 46.65% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 3.07% through Dec 2025, down 1339.0% year-over-year, with the annual reading at 3.07% for FY2025, 1339.0% down from the prior year.
  • Operating Margin was 46.65% for Q4 2025 at Targa Resources, down from 20.16% in the prior quarter.
  • Over five years, Operating Margin peaked at 24.26% in Q2 2025 and troughed at 46.65% in Q4 2025.
  • The 5-year median for Operating Margin is 12.01% (2025), against an average of 6.53%.
  • Year-over-year, Operating Margin soared 11087bps in 2021 and then crashed -6255bps in 2025.
  • A 5-year view of Operating Margin shows it stood at 17.24% in 2021, then surged by 170bps to 12.11% in 2022, then tumbled by -408bps to 37.34% in 2023, then skyrocketed by 143bps to 15.9% in 2024, then crashed by -393bps to 46.65% in 2025.
  • Per Business Quant, the three most recent readings for TRGP's Operating Margin are 46.65% (Q4 2025), 20.16% (Q3 2025), and 24.26% (Q2 2025).