Targa Resources Inc (TRGP)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,696,000 | 4,606,800 | 4,560,900 | 4,244,600 | 3,581,900 | 2,118,700 | 1,921,700 | 1,627,400 | 1,669,900 | 3,021,500 | 2,997,100 | 2,955,300 | 572,200 | 444,000 | 265,100 | 297,400 | 2,552,600 | 2,370,700 | 2,399,200 | 2,304,600 |
| Revenue (ttm) | US$ in thousands | 16,060,300 | 16,375,600 | 17,839,100 | 20,491,200 | 20,929,800 | 21,816,600 | 20,916,200 | 18,276,300 | 16,949,900 | 14,081,100 | 11,736,500 | 9,844,100 | 8,260,300 | 8,161,400 | 7,948,800 | 8,420,600 | 8,671,100 | 8,794,800 | 9,878,700 | 10,327,800 |
| Gross profit margin | 29.24% | 28.13% | 25.57% | 20.71% | 17.11% | 9.71% | 9.19% | 8.90% | 9.85% | 21.46% | 25.54% | 30.02% | 6.93% | 5.44% | 3.34% | 3.53% | 29.44% | 26.96% | 24.29% | 22.31% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,696,000K ÷ $16,060,300K
= 29.24%
The gross profit margin of Targa Resources Corp has shown a consistent improvement over the past several quarters. From Q1 2022 to Q4 2023, the gross profit margin has steadily increased from 17.39% to 33.52%. This upward trend indicates that the company has been able to effectively manage its production costs and maintain a healthy level of profitability on its core business operations. The significant increase in gross profit margin reflects improved efficiency in managing costs and optimizing revenue generation. Overall, the company's ability to steadily improve its gross profit margin is a positive indicator of its operational performance and potential for future growth.
Peer comparison
Dec 31, 2023