Company / Cost of Revenue
Targa Resources Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$10.5B
FY2025
5-year range
$10.5B / $16.9B
FY2021-FY2025
Trend
-1.8%
vs FY2024
Sector context
#13 of 41
Energy
What the data says
At $10.5B, Targa Resources's cost of revenue ranks #29 of 41 in the Energy sector. Cost of Revenue has declined for 3 consecutive years, from $16.9B in FY2022 to $10.5B in FY2025.
Based on SEC 10-K filings.
$10.5B in FY2025 with a 5-year CAGR of +5.0%.
Improved from $13.7B to $10.5B over the past 2 years.
Energy sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- -14.6%
- 5-Year CAGR
- +5.0%
- 10-Year CAGR
- -
Sector benchmark
#29 of 41 in EnergyTop 68% of 41This company $10.5B Sector average $18.6B
▼
-43.5% below sector average
Key checks
Key Insights
- Targa Resources's cost of revenue has declined for 3 consecutive years.
- 5-year CAGR of +5.0%, indicating consistent growth.
- In FY2025, cost of revenue decreased 1.8% year-over-year.
- Ranks #13 out of 41 companies in the Energy sector.
Company context
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.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $10.5B | -1.8% |
| FY2024 | $10.7B | -22.0% |
| FY2023 | $13.7B | -18.7% |
| FY2022 | $16.9B | +23.0% |
| FY2021 | $13.7B | +66.7% |
| FY2020 | $8.2B | +32.7% |
| FY2019 | $6.2B | +26.1% |
| FY2018 | $4.9B | -28.7% |
| FY2017 | $6.9B | +40.3% |
| FY2016 | $4.9B | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026