Company / Revenue
Targa Resources Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Revenue
$17.0B
FY2025
5-year range
$16.4B / $20.9B
FY2021-FY2025
Trend
+3.9%
vs FY2024
Sector context
#18 of 95
Energy
What the data says
Targa Resources's revenue of $17.0B is higher than 81% of companies in the Energy sector (FY2025). Revenue returned to growth in FY2025 after 2 years of decline, reaching $17.0B.
Based on SEC 10-K filings.
$17.0B in FY2025 with a 5-year CAGR of +10.2%. Top quartile in the Energy sector.
Remained stable around $17.0B over the past 2 years.
Energy sector context is included.
Revenue over time
Growth rates
- 3-Year CAGR
- -6.6%
- 5-Year CAGR
- +10.2%
- 10-Year CAGR
- -
Sector benchmark
Top 19% in EnergyTop 19% of 95This company $17.0B Sector average $15.7B
▼
+8.4% above sector average
Key checks
Key Insights
- 5-year CAGR of +10.2%, indicating consistent growth.
- In FY2025, revenue increased 3.9% year-over-year.
- Ranks #18 out of 95 companies in the Energy sector.
- Peak revenue was recorded in FY2022.
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 | RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $17.0B | +3.9% |
| FY2024 | $16.4B | -3.4% |
| FY2023 | $16.9B | -19.0% |
| FY2022 | $20.9B | +23.5% |
| FY2021 | $16.9B | +61.7% |
| FY2020 | $10.5B | +20.9% |
| FY2019 | $8.7B | +55.2% |
| FY2018 | $5.6B | -36.6% |
| FY2017 | $8.8B | +57.8% |
| FY2016 | $5.6B | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026