Targa Resources (TRGP) Return on Sales [ROS] (2014 - 2026)
Targa Resources (TRGP) posted Return on Sales [ROS] of 19.58% for Q3 2026, down 0.58 percentage points from 20.16% a year earlier and down 8.23 percentage points from the prior quarter.
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Analysis
Targa Resources (TRGP) Return on Sales [ROS] (2014 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Return on Sales [ROS] at Targa Resources was 22.51%, up 4.59 percentage points year-over-year; for FY2025, it was 19.56%, up 3.11 percentage points from FY2024.
- Annual Return on Sales [ROS] has increased for five consecutive years, with a five-year change of +35.35 percentage points (FY2020 to FY2025).
- In prior years, Targa Resources' Return on Sales [ROS] was 16.45% in FY2024 (+0.10 pp), 16.35% in FY2023 (+8.09 pp), 8.26% in FY2022 (+3.16 pp) and 5.10% in FY2021 (+20.88 pp).
- The Q3 2026 figure stands as the lowest quarterly Return on Sales [ROS] since Q1 2025.
- On a year-over-year basis, Return on Sales [ROS] increased in six of the last eight quarters, with an average year-over-year change of +3.15 percentage points.
- The strongest year-over-year quarter for Return on Sales [ROS] in the past five years was Q4 2022, with a gain of 13.79 percentage points; the weakest was Q4 2021, with a drop of 11.99 percentage points.
- According to Business Quant data, Return on Sales [ROS] for the three prior quarters was 27.80% (Q2 2026), 20.68% (Q1 2026) and 22.62% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROS (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 10.14% |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 35.25% |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 11.09% |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 25.60% |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 7.50% |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 19.58% |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 31.02% |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 40.94% |
| 10 | Oneok | 56.58 Bn | 65.12 Bn | 2.84 Bn | 12.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.58% |
| Jun 30, 2026 | 27.80% |
| Mar 31, 2026 | 20.68% |
| Dec 31, 2025 | 22.62% |
| Sep 30, 2025 | 20.16% |
| Jun 30, 2025 | 24.26% |
| Mar 31, 2025 | 11.91% |
| Dec 31, 2024 | 15.90% |
| Sep 30, 2024 | 18.91% |
| Jun 30, 2024 | 17.61% |
| Mar 31, 2024 | 14.01% |
| Dec 31, 2023 | 14.99% |
| Sep 30, 2023 | 12.96% |
| Jun 30, 2023 | 19.07% |
| Mar 31, 2023 | 18.51% |
| Dec 31, 2022 | 12.11% |
| Sep 30, 2022 | 8.02% |
| Jun 30, 2022 | 7.46% |
| Mar 31, 2022 | 5.96% |
| Dec 31, 2021 | -1.68% |
API Access
Targa Resources Return on Sales [ROS] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-sales-%5Bros%5D&ticker=TRGP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-sales-[ros]", "ticker": "TRGP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-sales-%5Bros%5D&ticker=TRGP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();