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Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.
2005
3.4K+
LTM Revenue $18.6B
LTM EBITDA $4.4B
$50.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Targa Resources has a last 12-month revenue (LTM) of $18.6B and a last 12-month EBITDA of $4.4B.
In the most recent fiscal year, Targa Resources achieved revenue of $16.4B and an EBITDA of $4.1B.
Targa Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Targa Resources valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $18.6B | XXX | $16.4B | XXX | XXX | XXX |
| Gross Profit | $6.0B | XXX | $4.3B | XXX | XXX | XXX |
| Gross Margin | 32% | XXX | 26% | XXX | XXX | XXX |
| EBITDA | $4.4B | XXX | $4.1B | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 25% | XXX | XXX | XXX |
| EBIT | $2.9B | XXX | $2.7B | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $1.5B | XXX | $1.3B | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $13.7B | XXX | XXX | XXX |
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As of May 30, 2025, Targa Resources's stock price is $158.
Targa Resources has current market cap of $34.3B, and EV of $50.3B.
See Targa Resources trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $50.3B | $34.3B | XXX | XXX | XXX | XXX | $6.53 |
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Start Free TrialAs of May 30, 2025, Targa Resources has market cap of $34.3B and EV of $50.3B.
Targa Resources's trades at 3.1x EV/Revenue multiple, and 12.2x EV/EBITDA.
Equity research analysts estimate Targa Resources's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Targa Resources has a P/E ratio of 23.6x.
See valuation multiples for Targa Resources and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $34.3B | XXX | $34.3B | XXX | XXX | XXX |
| EV (current) | $50.3B | XXX | $50.3B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBITDA | 11.4x | XXX | 12.2x | XXX | XXX | XXX |
| EV/EBIT | 17.4x | XXX | 18.7x | XXX | XXX | XXX |
| EV/Gross Profit | 8.4x | XXX | n/a | XXX | XXX | XXX |
| P/E | 23.6x | XXX | 26.1x | XXX | XXX | XXX |
| EV/FCF | 91.9x | XXX | 73.6x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialTarga Resources's last 12 month revenue growth is 24%
Targa Resources's revenue per employee in the last FY averaged $4.9M, while opex per employee averaged $0.5M for the same period.
Targa Resources's rule of 40 is 48% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Targa Resources's rule of X is 83% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Targa Resources and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 10% | XXX | XXX | XXX |
| Rule of 40 | 48% | XXX | 49% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 83% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $4.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 10% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC | XXX | XXX | XXX | XXX | XXX | XXX |
| NMDC Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Fastned | XXX | XXX | XXX | XXX | XXX | XXX |
| Fugro | XXX | XXX | XXX | XXX | XXX | XXX |
| Royal Vopak | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Targa Resources acquired XXX companies to date.
Last acquisition by Targa Resources was XXXXXXXX, XXXXX XXXXX XXXXXX . Targa Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Targa Resources founded? | Targa Resources was founded in 2005. |
| Where is Targa Resources headquartered? | Targa Resources is headquartered in United States of America. |
| How many employees does Targa Resources have? | As of today, Targa Resources has 3.4K+ employees. |
| Who is the CEO of Targa Resources? | Targa Resources's CEO is Mr. Matthew J. Meloy. |
| Is Targa Resources publicy listed? | Yes, Targa Resources is a public company listed on NYS. |
| What is the stock symbol of Targa Resources? | Targa Resources trades under TRGP ticker. |
| When did Targa Resources go public? | Targa Resources went public in 2010. |
| Who are competitors of Targa Resources? | Similar companies to Targa Resources include e.g. ADNOC, NMDC Energy, Fastned, Fugro. |
| What is the current market cap of Targa Resources? | Targa Resources's current market cap is $34.3B |
| What is the current revenue of Targa Resources? | Targa Resources's last 12 months revenue is $18.6B. |
| What is the current revenue growth of Targa Resources? | Targa Resources revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Targa Resources? | Current revenue multiple of Targa Resources is 2.7x. |
| Is Targa Resources profitable? | Yes, Targa Resources is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Targa Resources? | Targa Resources's last 12 months EBITDA is $4.4B. |
| What is Targa Resources's EBITDA margin? | Targa Resources's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of Targa Resources? | Current EBITDA multiple of Targa Resources is 11.4x. |
| What is the current FCF of Targa Resources? | Targa Resources's last 12 months FCF is $548M. |
| What is Targa Resources's FCF margin? | Targa Resources's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Targa Resources? | Current FCF multiple of Targa Resources is 91.9x. |
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