Targa Resources Inc (TRGP)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,279,100 | 1,345,900 | 896,800 | 422,100 | -1,325,000 |
| Revenue | US$ in thousands | 16,381,500 | 16,060,300 | 20,929,800 | 16,949,800 | 8,260,300 |
| Net profit margin | 7.81% | 8.38% | 4.28% | 2.49% | -16.04% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,279,100K ÷ $16,381,500K
= 7.81%
The net profit margin of Targa Resources Inc has shown a significant improvement over the years, as indicated by the following data:
- As of December 31, 2020, the net profit margin was negative at -16.04%, indicating that the company was operating at a loss.
- By December 31, 2021, the net profit margin improved to 2.49%, signifying a turnaround in the company's profitability.
- The positive trend continued into December 31, 2022, with the net profit margin increasing to 4.28%.
- A notable improvement was seen by December 31, 2023, as the net profit margin rose to 8.38%, reflecting a substantial increase in profitability.
- Although there was a slight decrease by December 31, 2024, with a net profit margin of 7.81%, the company still maintained a strong profitability level.
Overall, Targa Resources Inc has demonstrated a steady improvement in its net profit margin over the years, indicating effective cost management and revenue generation strategies.
Peer comparison
Dec 31, 2024