Growth Metrics

Targa Resources (TRGP) Return on Invested Capital (2016 - 2025)

Targa Resources (TRGP) has disclosed Return on Invested Capital for 13 consecutive years, with 0.17% as the latest value for Q4 2025.

  • On a quarterly basis, Return on Invested Capital rose 15.0% to 0.17% in Q4 2025 year-over-year; TTM through Dec 2025 was 0.17%, a 15.0% increase, with the full-year FY2025 number at 0.19%, up 16.0% from a year prior.
  • Return on Invested Capital was 0.17% for Q4 2025 at Targa Resources, up from 0.04% in the prior quarter.
  • In the past five years, Return on Invested Capital ranged from a high of 0.19% in Q2 2021 to a low of 0.0% in Q1 2022.
  • A 5-year average of 0.05% and a median of 0.02% in 2023 define the central range for Return on Invested Capital.
  • Peak YoY movement for Return on Invested Capital: grew 19bps in 2021, then dropped -19bps in 2022.
  • Targa Resources' Return on Invested Capital stood at 0.0% in 2021, then surged by 1081bps to 0.02% in 2022, then rose by 10bps to 0.02% in 2023, then rose by 19bps to 0.02% in 2024, then surged by 619bps to 0.17% in 2025.
  • Per Business Quant, the three most recent readings for TRGP's Return on Invested Capital are 0.17% (Q4 2025), 0.04% (Q3 2025), and 0.04% (Q2 2025).