Targa Resources Inc (TRGP)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,938,000 | 1,942,500 | 1,663,200 | 436,900 | -1,573,100 |
| Revenue | US$ in thousands | 16,381,500 | 16,060,300 | 20,929,800 | 16,949,800 | 8,260,300 |
| Pretax margin | 11.83% | 12.10% | 7.95% | 2.58% | -19.04% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,938,000K ÷ $16,381,500K
= 11.83%
The pretax margin of Targa Resources Inc has shown a notable improvement over the years, starting at a negative percentage of -19.04% in December 31, 2020, indicating a period of challenges. However, the company successfully turned around its performance, achieving a positive pretax margin of 2.58% in December 31, 2021. This upward trend continued in the following years, with the pretax margin reaching 7.95% in December 31, 2022, further improving to 12.10% in December 31, 2023. Although there was a slight dip to 11.83% in December 31, 2024, the overall trend suggests that Targa Resources Inc has effectively enhanced its operational efficiency and cost management, resulting in an increasingly profitable performance before taxes.
Peer comparison
Dec 31, 2024