TTM
29.9%
YoY change
+6.51pp
Trough year (2008)
4.3%
Peak year (2025)
26.5%
Latest annual
26.5%
Gross Margin history chart for Targa Resources (TRGP) from 2008 to 2025
Latest: 26.5%
Gross Margin change chart for Targa Resources (TRGP) from 2008 to 2025
Latest: +6.51pp
Gross Margin history table for Targa Resources (TRGP) from 2008 to 2025
| 2025 | 26.5% | +6.51pp | ||
| 2024 | 20.0% | +3.77pp | ||
| 2023 | 16.2% | +3.35pp | ||
| 2022 | 12.9% | +0.88pp | ||
| 2021 | 12.0% | -6.40pp | ||
| 2020 | 18.4% | +1.20pp | ||
| 2019 | 17.2% | +9.82pp | ||
| 2018 | 7.4% | +1.44pp | ||
| 2017 | 5.9% | -0.25pp | ||
| 2016 | 6.2% | -1.77pp | ||
| 2015 | 8.0% | -1.26pp | ||
| 2014 | 9.2% | +1.44pp | ||
| 2013 | 7.8% | +0.08pp | ||
| 2012 | 7.7% | +0.73pp | ||
| 2011 | 7.0% | -3.79pp | ||
| 2010 | 10.8% | +3.27pp | ||
| 2009 | 7.5% | +3.18pp | ||
| 2008 | 4.3% | — |
- 202526.5%+6.51pp
- 202420.0%+3.77pp
- 202316.2%+3.35pp
- 202212.9%+0.88pp
- 202112.0%-6.40pp
- 202018.4%+1.20pp
- 201917.2%+9.82pp
- 20187.4%+1.44pp
- 20175.9%-0.25pp
- 20166.2%-1.77pp
- 20158.0%-1.26pp
- 20149.2%+1.44pp
- 20137.8%+0.08pp
- 20127.7%+0.73pp
- 20117.0%-3.79pp
- 201010.8%+3.27pp
- 20097.5%+3.18pp
- 20084.3%—
Gross 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 Gross Margin at Targa Resources (TRGP)
According to Targa Resources's latest reported financial statements, the company's latest reported gross margin is 29.9%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Targa Resources (TRGP) reported gross margin of 26.51% – expanded 6.5 percentage points year-over-year.
2025 marks the peak gross margin at 26.51%, with the historical low of 4.30% recorded in 2008.
Targa Resources Gross Margin by Year
Targa Resources Gross Margin 2025: 26.5%
Targa Resources gross margin in 2025 was 26.51%, expanded 6.5 percentage points from 2024. This figure represents the highest annual value in the available history.
Targa Resources Gross Margin 2024: 20.0%
2024's gross margin for Targa Resources came in at 20.00%, expanded 3.8 percentage points from 2023.
Targa Resources Gross Margin 2023: 16.2%
Targa Resources posted gross margin of 16.23% in 2023, expanded 3.3 percentage points from 2022.
Targa Resources Gross Margin 2022: 12.9%
In 2022, Targa Resources reported gross margin of 12.88%, expanded 0.9 percentage points from 2021.
Targa Resources Gross Margin 2021: 12.0%
Targa Resources gross margin in 2021 was 12.00%.
See more financial history for Targa Resources (TRGP).
Sector peers by Gross Margin
Energy peers of Targa Resources (TRGP), ranked by their latest gross margin
| 62.8% | |
| 30.7% | |
| 29.2% | |
| 25.5% | |
| 25.4% | |
| 17.3% | |
| 8.8% | |
| 7.2% |
- 30.7%
- 29.2%
- 25.5%
- 25.4%
- 17.3%
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