Targa Resources FCF Margin History
TRGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
3.4% in FY2025 with a 5-year CAGR of -6.2%.
Declined from 5.1% to 3.4% over the past 2 years.
At 3.4%, Targa Resources's fcf margin ranks #42 of 63 in the Energy sector. FCF Margin has fluctuated over the past 10 years, ranging from -18.8% in FY2018 to 10.6% in FY2021.
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 Change
- -1.6pp
- 5-Year Change
- -6.2pp
- 10-Year Change
- -
FCF Margin Trend
#42 of 63 in EnergyTop 67% of 63This company 3.4% Sector average 6.7%
▼
-48.8% below sector average
Key Insights
- In FY2025, fcf margin decreased 17.7% year-over-year.
- Currently 3.3pp below the Energy sector average.
- Peak fcf margin was recorded in FY2021.
- Lowest fcf margin in the period was in FY2018.
Annual Data
| Year | FCF Margin | YoY Growth |
|---|---|---|
| FY2025 | 3.4% | -17.7% |
| FY2024 | 4.2% | -18.9% |
| FY2023 | 5.1% | +2.8% |
| FY2022 | 5.0% | -52.9% |
| FY2021 | 10.6% | +10.5% |
| FY2020 | 9.6% | +155.9% |
| FY2019 | -17.2% | +8.7% |
| FY2018 | -18.8% | -363.1% |
| FY2017 | -4.1% | -182.4% |
| FY2016 | 4.9% | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026