Targa Resources Inc (TRGP)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,477,500 | 3,095,700 | 3,140,600 | 3,361,400 | 3,777,100 | 3,955,400 | 3,846,700 | 3,582,600 | 2,951,800 | 2,703,300 | 2,558,900 | 2,315,300 | 2,349,600 | 2,294,100 | 2,280,100 | 2,243,500 | 2,284,800 | 2,206,500 | 1,928,400 | 1,866,500 |
| Revenue (ttm) | US$ in thousands | 16,473,200 | 16,299,700 | 16,344,500 | 16,129,600 | 16,052,600 | 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 |
| Gross profit margin | 21.11% | 18.99% | 19.22% | 20.84% | 23.53% | 24.15% | 21.56% | 17.48% | 14.10% | 12.39% | 12.23% | 12.67% | 13.86% | 16.29% | 19.43% | 22.79% | 27.66% | 27.04% | 24.26% | 22.17% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,477,500K ÷ $16,473,200K
= 21.11%
The gross profit margin for Targa Resources Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend started at a level of 22.17% in March 2020 and climbed to a peak of 27.66% by December 2020, reflecting an improvement in the company's ability to generate profits from its core operations.
However, starting from March 2021, there was a noticeable decline in the gross profit margin, dropping to 12.67% by March 2022 and hitting a low point of 12.23% by June 2022. This downward trend indicates potential challenges in managing production costs or pricing strategies during this period.
Subsequently, there was a slight recovery in the gross profit margin, reaching 24.15% by September 2023, and then stabilizing around the range of 19-21% from June 2024 to December 2024. This stability suggests that the company may have implemented measures to address previous issues and improve profitability.
Overall, the analysis of Targa Resources Inc's gross profit margin indicates a mix of fluctuating performance levels and potential adjustments in operational efficiency and pricing strategies over the observed period. Further analysis of the company's financial statements and industry factors may provide additional insights into the drivers behind these fluctuations.
Peer comparison
Dec 31, 2024