Targa Resources Corp. financial metrics

Professional SEC-based dashboard for profitability, financial health, and growth with transparent scoring logic. Latest period: Q4 2025.

Symbol
TRGP on NYSE
Location
Houston, TX
Fiscal year end
31 December
Latest financial report
19 Feb 2026

Quick Takeaways

  • TRGP - Targa Resources Corp. financial facts are built from SEC company filings data.
  • Latest metrics period on this page: Q4 2025.
  • Headline metric: Return On Invested Capital 15%.

What Changed

  • Return On Invested Capital YoY change: <span class="text-green-600">+5.6%</span>.
  • Most recent SEC facts end date: 13 Feb 2026.

Why This Matters

  • This gives a beginner-friendly first read before you inspect detailed formulas and metric tables.
  • Every metric card links to a deeper SEC-backed history page for verification.

Official SEC Source

Based on latest 10-Q/10-K

Facts and ratios are grounded in SEC company facts linked to the latest 10-Q/10-K cycle.

See Original Filing

Latest SEC snapshot (2026-02-13) highlights Return On Invested Capital 14.7%, Return On Equity 51.4%, and Return On Assets 8.7%.

Financial Quality Score

Transparent 0-100 scoring model based on profitability, financial health, and growth factors.

67.9/100

Balanced Confidence high

Return On Invested Capital

15%

Metric score 64.3/100

Return On Equity

51%

Metric score 100.0/100

Return On Assets

8.7%

Metric score 83.6/100

Financial Health

Current Ratio
0.67x
Quick Ratio
0.46x
Debt to Equity
5.49x

Strengths

Return On Equity, Return On Assets, and Operating Margin

Watchpoints

Debt-to-equity

Key metrics snapshot

Return On Assets

8.7%

YoY: +33%

Industry median: 4.2% (n=21)

View history

Operating Margin

23%

YoY: +11%

Industry median: 30% (n=20)

View history

Current Ratio

0.67x

YoY: -8%

Industry median: 1.04x (n=23)

View history

Quick Ratio

0.46x

YoY: -17%

Industry median: 0.7x (n=20)

View history

Revenues YoY

3.9%

YoY:

Industry median: 3.7% (n=16)

View history

NetIncomeLoss YoY

47%

YoY:

Industry median: 12% (n=21)

View history

Profitability

Metric Latest value YoY change
Return On Invested Capital 15% +5.6%
Return On Equity 51% +38%
Return On Assets 8.7% +33%
Operating Margin 23% +11%

Financial Health

Metric Latest value YoY change
Current Ratio 0.67x -8%
Quick Ratio 0.46x -17%
Debt-to-equity 5.49x +2.1%

Growth

Metric Latest value YoY change
Revenues YoY 4%
NetIncomeLoss YoY 47%

Share Metrics

Metric Latest value YoY change
Entity Common Stock, Shares Outstanding 214,951,798 -1.4%
Common Stock, Shares, Outstanding 214,662,156 -1.4%
Weighted Average Number of Shares Outstanding, Basic 216,100,000 -1.9%
Weighted Average Number of Shares Outstanding, Diluted 216,900,000 -2%

Additional Metrics

Metric Latest value YoY change
General and Administrative Expense $406,000,000 +5.5%
Operating Income (Loss) $3,331,200,000 +24%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $2,486,400,000 +28%
Income Tax Expense (Benefit) $529,700,000 +38%
Earnings Per Share, Basic 8.52 +48%
Earnings Per Share, Diluted 8.49 +48%
Cash and Cash Equivalents, at Carrying Value $166,100,000 +5.6%
Accounts Receivable, after Allowance for Credit Loss, Current $1,474,600,000 -8.9%
Inventory, Net $429,300,000 +28%
Other Assets, Current $138,000,000 +11%
Assets, Current $2,362,700,000 +2.9%
Property, Plant and Equipment, Net $20,534,800,000 +14%
Operating Lease, Right-of-Use Asset $93,900,000 -9.4%
Goodwill $112,300,000 +148%
Other Assets, Noncurrent $327,400,000 +83%
Assets $25,218,400,000 +11%
Accounts Payable, Current $1,873,000,000 -6.9%
Accrued Liabilities, Current $358,600,000 +6.7%
Liabilities, Current $3,546,800,000 +12%
Long-term Debt and Lease Obligation $16,662,400,000 +21%
Contract with Customer, Liability, Noncurrent $115,500,000 -3.7%
Deferred Income Tax Liabilities, Net $1,393,500,000 +60%
Operating Lease, Liability, Noncurrent $89,500,000 -1%
Other Liabilities, Noncurrent $395,000,000 +0.69%
Accumulated Other Comprehensive Income (Loss), Net of Tax $113,800,000 +314%
Retained Earnings (Accumulated Deficit) $2,294,400,000 +93%
Stockholders' Equity Attributable to Parent $3,067,900,000 +18%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $3,198,200,000 -28%
Liabilities and Equity $25,218,400,000 +11%
Common Stock, Shares Authorized 450,000,000 0%
Common Stock, Shares, Issued 242,770,213 +0.42%
Common Stock, Par or Stated Value Per Share 0.001 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $166,100,000 +5.6%
Deferred Tax Assets, Valuation Allowance $5,900,000 0%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 0%
Deferred Tax Assets, Gross $1,081,200,000 -11%
Operating Lease, Liability $113,800,000 -1.6%
Depreciation $1,189,300,000 +13%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $2,009,300,000 +60%
Lessee, Operating Lease, Liability, to be Paid $130,000,000 -3.1%
Property, Plant and Equipment, Gross $33,201,100,000 +12%
Operating Lease, Liability, Current $24,300,000 -3.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two $29,000,000 +16%
Lessee, Operating Lease, Liability, to be Paid, Year One $23,100,000 +4.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 -2%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $16,200,000 -12%
Lessee, Operating Lease, Liability, to be Paid, Year Three $24,200,000 -1.2%
Unrecognized Tax Benefits $0
Lessee, Operating Lease, Liability, to be Paid, Year Four $19,300,000 -3%
Additional Paid in Capital $3,088,100,000 -0.03%
Amortization of Intangible Assets $326,000,000 -13%
Depreciation, Depletion and Amortization $1,515,300,000 +6.5%
Deferred Tax Assets, Net of Valuation Allowance $1,075,300,000 -11%

How we score

This score is transparent and deterministic. We weight profitability, financial health, and growth metrics, then renormalize weights when SEC data is missing.

Metric Weight V1 threshold
ROIC205% to 20%
ROE158% to 25%
ROA102% to 10%
Operating Margin55% to 25%
Current Ratio121.0x to 2.0x
Quick Ratio80.8x to 1.5x
Debt to Equity100.3x to 2.0x (lower is better)
Revenue YoY10-10% to +20%
Net Income YoY10-10% to +20%

How Calculated (standard_v1)

Metrics are computed with a market-consensus convention designed for cross-portal comparability.

  • TTM Operating Income / TTM Revenues
  • Current Assets / Current Liabilities (latest instant quarter)
  • (Current Assets - Inventory) / Current Liabilities; fallback: (Cash+Short-Term Investments + Accounts Receivable) / Current Liabilities
  • Total Debt / Stockholders Equity (latest instant quarter; shared unit; freshest series)
  • TTM Net Income / Average Equity (current quarter + same quarter previous year) / 2
  • TTM Net Income / Average Assets (current quarter + same quarter previous year) / 2
  • TTM NOPAT / Average Invested Capital, where NOPAT=Operating Income*(1-tax rate), Invested Capital=Equity+Total Debt-Cash & ST Investments
  • TTM Revenues YoY
  • TTM Net Income YoY