Targa Resources Inc (TRGP)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 21.11% | 18.99% | 19.22% | 20.84% | 23.53% | 24.15% | 21.56% | 17.48% | 14.10% | 12.39% | 12.23% | 12.67% | 13.86% | 16.29% | 19.43% | 22.79% | 27.66% | 27.04% | 24.26% | 22.17% |
| 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% |
| Pretax margin | 11.76% | 11.50% | 10.17% | 10.49% | 12.10% | 11.53% | 10.35% | 10.43% | 7.95% | 4.58% | 4.77% | 2.11% | 2.58% | 6.25% | 6.76% | 7.98% | -19.04% | -22.68% | -25.49% | -25.35% |
| Net profit margin | 7.97% | 7.73% | 6.69% | 6.97% | 8.38% | 8.33% | 7.98% | 8.25% | 6.51% | 3.35% | 3.03% | 0.51% | 0.42% | 2.97% | 2.60% | 3.36% | -18.81% | -20.83% | -22.86% | -22.66% |
Targa Resources Inc's profitability ratios show fluctuations over the period from March 31, 2020, to December 31, 2024.
- Gross profit margin started at 22.17% on March 31, 2020, increasing to a peak of 27.66% on December 31, 2020, before experiencing some decline and then stabilizing around 20-23% range from March 31, 2024, to December 31, 2024.
- Operating profit margin was negative in the first four quarters but turned positive from March 31, 2021, onwards, showing a steady increase to around 16-17% from June 30, 2023, to December 31, 2024.
- Pretax margin also improved over the years, starting from negative values to reaching around 11-12% from March 31, 2024, to December 31, 2024.
- Net profit margin followed a similar trend as the pretax margin, gradually increasing from 0.42% on December 31, 2021, to around 8% on December 31, 2023, and December 31, 2024.
Overall, Targa Resources Inc's profitability ratios show a positive trend in the later years of the analyzed period, indicating improved operational efficiency and financial performance.
Return on investment
| 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 return on assets (Operating ROA) | 12.26% | 12.39% | 11.71% | 11.78% | 11.89% | 12.59% | 12.68% | 11.93% | 8.84% | 5.60% | 6.67% | 5.34% | 5.69% | 7.65% | 7.47% | 7.14% | -8.21% | -9.92% | -11.57% | -12.14% |
| Return on assets (ROA) | 5.77% | 5.76% | 5.14% | 5.39% | 6.11% | 6.76% | 7.31% | 8.89% | 6.96% | 3.77% | 4.13% | 0.61% | 0.47% | 2.62% | 1.98% | 2.11% | -9.79% | -10.59% | -11.38% | -11.91% |
| Return on total capital | 104.14% | 102.30% | 97.55% | 89.83% | 95.86% | 101.44% | 92.22% | 88.99% | 64.86% | 42.92% | 46.38% | 30.81% | 29.05% | 125.21% | 122.96% | 117.43% | 121.76% | 34.32% | 24.54% | 20.81% |
| Return on equity (ROE) | 50.61% | 48.98% | 44.31% | 41.57% | 49.13% | 54.44% | 53.21% | 66.28% | 51.10% | 30.64% | 30.61% | 3.82% | 2.58% | 14.26% | 10.41% | 10.84% | -52.58% | -54.12% | -56.52% | -57.58% |
Targa Resources Inc's profitability ratios exhibit a mixed performance over the observed periods. The Operating Return on Assets (Operating ROA) shows an improving trend from negative figures in early 2020 to reaching around 12.39% by the third quarter of 2024. This indicates that the company is generating positive operating income relative to its assets.
The Return on Assets (ROA) also reflects an upward trajectory, starting from negative values in 2020 to reaching approximately 5.77% by the end of 2024. This demonstrates Targa Resources' ability to generate profits from its total assets over time.
Furthermore, the Return on Total Capital indicates a significant increase from about 20.81% in the first quarter of 2020 to approximately 104.14% in the last quarter of 2024. This suggests that the company is efficiently utilizing its total capital to generate returns for its stakeholders.
Meanwhile, the Return on Equity (ROE) ratio portrays a fluctuating but generally positive trend, with values climbing from negative percentages in 2020 to around 50.61% by the end of 2024. This indicates that Targa Resources is effectively utilizing equity investments to generate profits for its shareholders.
Overall, Targa Resources Inc's profitability ratios demonstrate a favorable performance, showing an improving trend across the different metrics, which signifies the company's ability to generate returns for both its operational activities and investments.