Targa Resources Cost of Revenue History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
$10.5B in FY2025 with a 5-year CAGR of +15.2%.
At $10.5B, Targa Resources's cost of revenue ranks #29 of 41 in the Energy sector. Cost of Revenue has fluctuated over the past 10 years, ranging from $4.9B in FY2016 to $16.9B in FY2022.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 1.19 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 63.9%
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- -14.6%
- 5-Year CAGR
- +15.2%
- 10-Year CAGR
- -
Cost of Revenue Trend
#29 of 41 in EnergyTop 68% of 41This company $10.5B Sector average $18.6B
▼
-43.5% below sector average
Key Insights
- 5-year CAGR of +15.2%, indicating consistent growth.
- In FY2025, cost of revenue decreased 1.8% year-over-year.
- Ranks #13 out of 41 companies in the Energy sector.
- Peak cost of revenue was recorded in FY2022.
Annual Data
| Year | Cost of Revenue | YoY Growth |
|---|---|---|
| FY2025 | $10.5B | -1.8% |
| FY2024 | $10.7B | +0.2% |
| FY2023 | $10.7B | -36.8% |
| FY2022 | $16.9B | +23.0% |
| FY2021 | $13.7B | +164.7% |
| FY2020 | $5.2B | -16.5% |
| FY2019 | $6.2B | -24.6% |
| FY2018 | $8.2B | +19.3% |
| FY2017 | $6.9B | +40.3% |
| FY2016 | $4.9B | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026