Targa Resources (TRGP) Financial Ratios: P/E, ROE & More

Targa Resources (TRGP) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Targa Resources had a P/E ratio of 21.51 (down from 30.66), return on equity of 51.4% (up from 34.4%), debt-to-equity of 5.49 (up from 3.23) and a current ratio of 0.67 (down from 0.72). A current ratio of 0.67 means current liabilities exceed current assets. Its dividend yield was 2.17% with a payout ratio of 42.5%.

Targa Resources Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	21.51	30.66	23.39	18.55	-	-
Forward P/E	20.26	23.77	15.65	13.74	19.90	34.26
P/S Ratio	2.33	2.38	1.21	0.80	0.71	0.73
P/B Ratio	12.38	8.81	4.20	3.34	2.02	0.97
Price/Tangible Book	30.37	68.31	56.32	-	13.04	4.75
Price/FCF	67.80	56.91	23.45	15.90	6.65	7.62
Price/OCF	10.11	10.66	6.03	6.99	5.19	3.46
PEG Ratio	0.98	0.86	1.04	0.81	6.95	-
Enterprise Value Ratios
EV/Revenue	3.35	3.36	2.12	1.44	1.33	2.09
EV/EBITDA	11.77	13.36	8.61	10.62	10.26	8.13
EV/EBIT	17.12	20.41	12.97	17.38	17.07	13.77
EV/FCF	97.65	80.45	41.22	28.71	12.51	21.76
Profitability & Returns
Return on Equity (ROE)	51.38%	34.41%	32.93%	28.07%	6.96%	-17.75%
Return on Assets (ROA)	8.68%	7.76%	8.16%	6.22%	5.30%	4.52%
Return on Invested Capital (ROIC)	13.40%	11.99%	12.62%	11.07%	9.72%	8.34%
Return on Capital Employed (ROCE)	15.40%	13.80%	14.70%	10.50%	10.20%	8.90%
Leverage & Solvency Ratios
Debt/Equity	5.49	3.23	2.83	2.32	1.12	1.26
Debt/EBITDA	3.48	3.33	3.17	3.96	2.97	3.61
Debt/FCF	30.04	20.89	15.77	11.06	3.69	9.86
Liquidity Ratios
Current Ratio	0.67	0.72	0.80	0.77	0.77	0.82
Quick Ratio	0.46	0.56	0.58	0.53	0.65	0.62
Efficiency Ratios
Asset Turnover	0.71	0.76	0.80	1.20	1.09	0.48
Inventory Turnover	27.52	30.33	27.90	61.70	81.99	30.24
Yield & Distribution Ratios
Earnings Yield	4.86%	3.37%	6.95%	7.19%	0.60%	-25.72%
FCF Yield	1.48%	1.76%	4.27%	6.29%	15.03%	13.13%
Dividend Yield	2.17%	1.68%	2.30%	1.90%	1.24%	1.68%
Payout Ratio	42.55%	46.91%	31.75%	31.76%	263.34%	-
Buyback Yield	1.99%	2.08%	2.21%	-1.09%	1.55%	0.13%
Total Return	4.16%	3.76%	4.51%	0.81%	2.79%	1.81%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Targa Resources Financial Ratios

What is Targa Resources's P/E ratio?

Targa Resources's P/E ratio was 21.51 for fiscal 2025 (period ended Dec 31, 2025). It was 30.66 a year earlier.

What is Targa Resources's return on equity?

Targa Resources's return on equity (ROE) was 51.4% for fiscal 2025 (period ended Dec 31, 2025). It was 34.4% a year earlier.

What is Targa Resources's debt-to-equity ratio?

Targa Resources's debt-to-equity ratio was 5.49 for fiscal 2025 (period ended Dec 31, 2025). It was 3.23 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition