Targa Resources Inc (TRGP)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,626,200 | 1,729,000 | 864,800 | -1,303,700 | 192,900 |
| Revenue | US$ in thousands | 16,060,300 | 20,929,800 | 16,949,800 | 8,260,300 | 8,671,100 |
| Operating profit margin | 16.35% | 8.26% | 5.10% | -15.78% | 2.22% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,626,200K ÷ $16,060,300K
= 16.35%
The operating profit margin for Targa Resources Corp has shown fluctuation over the past five years. In 2023, the operating profit margin significantly improved to 16.36%, reflecting a strong operational performance compared to the previous year's 8.26%. The company also outperformed its 2021 operating profit margin of 7.70%. Notably, in 2020, Targa Resources Corp achieved a high operating profit margin of 15.17%, indicating efficient cost management and revenue generation. The operating profit margin in 2019 was lower at 5.85%. Overall, Targa Resources Corp has demonstrated varying levels of operating efficiency over the years, with a notable improvement in 2023.
Peer comparison
Dec 31, 2023