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TRGP · NYSE · United States · Natural Gas Transmission
In shortTarga Resources Corp. is profitable, generates cash and carries heavy debt, with revenue growing (+3.9% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 19.6% | 82/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 11.3% | 65/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 67.9% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 13.3% | 89/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.67× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 5.43× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.40× | 17/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.02 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 3.4% | 34/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.30× | 0/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 49.2% | 0/100 |
| Operating margin volatility | 6.1% | 53/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -6.6% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | 29.8% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 16,950 | 20,930 | 16,060 | 16,382 | 17,028 |
| Cost of revenue | 13,730 | 16,882 | 10,676 | 10,703 | 10,508 |
| Gross profit | 3,220 | 4,048 | 5,384 | 5,679 | 6,521 |
| Operating income | 865 | 1,729 | 2,626 | 2,695 | 3,331 |
| Pre-tax income | 437 | 1,663 | 1,943 | 1,938 | 2,486 |
| Income tax | 15 | 132 | 363 | 385 | 530 |
| Net income | 71 | 1,196 | 1,346 | 1,312 | 1,923 |
| Diluted EPS | −$0.07 | $3.88 | $3.66 | $5.74 | $8.49 |
| Diluted shares (millions) | 229 | 231 | 226 | 221 | 217 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
1.02 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026