Targa Resources Inc (TRGP)

Operating 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
Operating income (ttm)	US$ in thousands	2,786,600	2,713,200	2,490,100	2,455,700	2,618,000	2,542,300	2,467,200	2,270,000	1,729,100	1,086,100	1,022,600	816,500	864,800	1,221,600	1,150,600	1,117,900	-1,303,700	-1,592,600	-1,846,500	-1,945,900
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
Operating profit margin		16.92%	16.65%	15.24%	15.22%	16.31%	15.52%	13.83%	11.08%	8.26%	4.98%	4.89%	4.47%	5.10%	8.68%	9.80%	11.36%	-15.78%	-19.51%	-23.23%	-23.11%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,786,600K ÷ $16,473,200K
= 16.92%

The operating profit margin of Targa Resources Inc has shown a decreasing trend from March 31, 2020, to December 31, 2020, with negative margins indicating operational challenges. However, starting from March 31, 2021, there has been a significant improvement in the operating profit margin, showing positive margins and a consistent upward trajectory. The company's profitability continued to strengthen throughout 2022 and 2023, reaching double-digit margins by the end of March 2024, demonstrating effective cost management and revenue generation. The increasing trend in operating profit margin reflects improved operational efficiency and financial performance of Targa Resources Inc over the period under consideration.