Company / FCF Margin
Targa Resources FCF Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest FCF Margin
3.4%
FY2025
5-year range
3.4% / 10.6%
FY2021-FY2025
Trend
-17.7%
vs FY2024
Sector context
#43 of 63
Energy
What the data says
At 3.4%, Targa Resources's fcf margin ranks #43 of 63 in the Energy sector. FCF Margin has fluctuated over the past 10 years, ranging from -18.8% in FY2020 to 10.6% in FY2023.
Based on SEC 10-K filings.
3.4% in FY2025 with a 5-year CAGR of +22.2%.
Declined from 10.6% to 3.4% over the past 2 years.
Energy sector context is included.
FCF Margin over time
Growth rates
- 3-Year Change
- -1.6pp
- 5-Year Change
- +22.2pp
- 10-Year Change
- -
Sector benchmark
#43 of 63 in EnergyTop 68% of 63This company 3.4% Sector average 14.0%
▼
-75.5% below sector average
Key checks
Key Insights
- In FY2025, fcf margin decreased 17.7% year-over-year.
- Currently 10.6pp below the Energy sector average.
- Peak fcf margin was recorded in FY2023.
- Lowest fcf margin in the period was in FY2020.
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 | FCF MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 3.4% | -17.7% |
| FY2024 | 4.2% | -60.7% |
| FY2023 | 10.6% | +112.2% |
| FY2022 | 5.0% | -52.9% |
| FY2021 | 10.6% | +156.4% |
| FY2020 | -18.8% | -9.6% |
| FY2019 | -17.2% | -448.1% |
| FY2018 | 4.9% | +221.4% |
| FY2017 | -4.1% | -182.4% |
| FY2016 | 4.9% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026