Targa Resources Inc (TRGP)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,345,900 | 1,195,500 | 71,200 | -1,553,900 | -209,200 |
| Revenue | US$ in thousands | 16,060,300 | 20,929,800 | 16,949,800 | 8,260,300 | 8,671,100 |
| Net profit margin | 8.38% | 5.71% | 0.42% | -18.81% | -2.41% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,345,900K ÷ $16,060,300K
= 8.38%
The net profit margin of Targa Resources Corp has shown varying levels over the past five years. In December 2023, the net profit margin was 5.20%, representing an improvement from 4.28% in December 2022. This increase indicates that the company was able to generate more profit relative to its revenue in 2023 compared to the previous year.
In December 2021, Targa Resources Corp had a negative net profit margin of -0.09%, which suggests that the company experienced a loss during that period. However, there was a significant improvement from the net profit margin of -20.40% in December 2020, indicating that the company made strides in turning around its financial performance.
The negative net profit margin in December 2020 was likely a result of higher expenses or one-time charges that impacted the profitability of the company. Similarly, the net profit margin of -3.85% in December 2019 shows a lower but still negative profitability for that year.
Overall, the trend in Targa Resources Corp's net profit margin demonstrates fluctuations in the company's ability to generate profit relative to its revenue over the past five years. It is essential for investors and stakeholders to closely monitor these fluctuations and understand the underlying factors driving the changes in profitability.
Peer comparison
Dec 31, 2023