Targa Resources Inc (TRGP)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,695,400 | 2,626,200 | 1,729,000 | 1,289,500 | 3,809,600 |
| Revenue | US$ in thousands | 16,381,500 | 16,060,300 | 20,929,800 | 16,949,800 | 8,260,300 |
| Operating profit margin | 16.45% | 16.35% | 8.26% | 7.61% | 46.12% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,695,400K ÷ $16,381,500K
= 16.45%
The operating profit margin of Targa Resources Inc has exhibited varying trends over the past five years. In December 2020, the operating profit margin was robust at 46.12%, indicating efficient control over operating expenses and strong revenue generation. However, there was a significant decline in profitability by December 2021, with the margin dropping to 7.61%. This decline suggests potential challenges in cost management or changes in revenue streams.
Subsequently, there was a slight improvement in December 2022, with the operating profit margin increasing to 8.26%. This uptick could signify some strategic adjustments or efficiency measures being implemented by the company. By December 2023, the operating profit margin showed a notable improvement, reaching 16.35%, indicating enhanced operational efficiency and better control over costs.
Furthermore, as of December 2024, the operating profit margin further improved to 16.45%, demonstrating continued progress in optimizing operations and driving profitability. Overall, the fluctuation in Targa Resources Inc's operating profit margin over the years reflects the company's efforts to adapt to changing market conditions and enhance its operational performance.
Peer comparison
Dec 31, 2024