TTM
1.6%
YoY change
−0.70pp
Trough year (2018)
-18.7%
Peak year (2021)
10.3%
Latest annual
3.4%
FCF Margin history chart for Targa Resources (TRGP) from 2008 to 2025
Latest: 3.4%
FCF Margin change chart for Targa Resources (TRGP) from 2008 to 2025
Latest: −0.70pp
FCF Margin history table for Targa Resources (TRGP) from 2008 to 2025
| 2025 | 3.4% | -0.70pp | ||
| 2024 | 4.1% | -1.18pp | ||
| 2023 | 5.3% | +0.46pp | ||
| 2022 | 4.8% | -5.48pp | ||
| 2021 | 10.3% | +0.72pp | ||
| 2020 | 9.6% | +26.75pp | ||
| 2019 | -17.2% | +1.51pp | ||
| 2018 | -18.7% | -14.63pp | ||
| 2017 | -4.0% | -8.18pp | ||
| 2016 | 4.1% | +0.84pp | ||
| 2015 | 3.3% | +3.31pp | ||
| 2014 | -0.0% | +9.65pp | ||
| 2013 | -9.7% | -7.01pp | ||
| 2012 | -2.6% | -3.32pp | ||
| 2011 | 0.7% | -0.59pp | ||
| 2010 | 1.3% | -3.94pp | ||
| 2009 | 5.2% | +1.98pp | ||
| 2008 | 3.2% | — |
- 20253.4%-0.70pp
- 20244.1%-1.18pp
- 20235.3%+0.46pp
- 20224.8%-5.48pp
- 202110.3%+0.72pp
- 20209.6%+26.75pp
- 2019-17.2%+1.51pp
- 2018-18.7%-14.63pp
- 2017-4.0%-8.18pp
- 20164.1%+0.84pp
- 20153.3%+3.31pp
- 2014-0.0%+9.65pp
- 2013-9.7%-7.01pp
- 2012-2.6%-3.32pp
- 20110.7%-0.59pp
- 20101.3%-3.94pp
- 20095.2%+1.98pp
- 20083.2%—
FCF Margin values are taken from Targa Resources's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's latest reported free cash flow margin is 1.6%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Targa Resources (TRGP) free cash flow margin totalled 3.41% – contracted 0.7 percentage points year-over-year.
2021 marks the peak free cash flow margin at 10.31%, with the historical low of -18.67% recorded in 2018.
Targa Resources FCF Margin by Year
Targa Resources FCF Margin 2025: 3.4%
2025's free cash flow margin for Targa Resources came in at 3.41%, contracted 0.7 percentage points from 2024.
Targa Resources FCF Margin 2024: 4.1%
Targa Resources posted free cash flow margin of 4.11% in 2024, contracted 1.2 percentage points from 2023.
Targa Resources FCF Margin 2023: 5.3%
In 2023, Targa Resources reported free cash flow margin of 5.29%, expanded 0.5 percentage points from 2022.
Targa Resources FCF Margin 2022: 4.8%
Targa Resources free cash flow margin in 2022 was 4.83%, contracted 5.5 percentage points from 2021.
Targa Resources FCF Margin 2021: 10.3%
Targa Resources free cash flow margin in 2021 was 10.31%.
See more financial history for Targa Resources (TRGP).
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