Return on Tangible Equity (Quarterly)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Targa Resources, Inc. (TRGP) had Return on Tangible Equity of 35.76% for the most recently reported fiscal quarter, ending 2025-12-31.

Quarterly Annual

Figures for fiscal quarter ending 2025-12-31

Income Statement Financials
Revenue	$4.06B
Net Income	$537.90M
Cost of Goods Sold	$2.31B
Gross Profit	$1.75B
Operating Expenses	$3.14B
Operating Income	$917.40M
Non-Operating Income/Expense	$-225.20M
Pre-Tax Income	$692.20M
Normalized Pre-Tax Income	$692.20M
Income after Taxes	$553.10M
Income from Continuous Operations	$553.10M
Consolidated Net Income/Loss	$553.10M
Normalized Income after Taxes	$553.10M
EBIT	$917.40M
EBITDA	$1.31B
Weighted-Average Shares Outstanding (Basic)	216.10M
Weighted-Average Shares Outstanding (Diluted)	216.90M
Earnings per Share (EPS) (Basic)	$2.52
Earnings per Share (EPS) (Diluted)	$2.51
Balance Sheet Financials
Current Assets	$2.36B
Property, Plant, and Equipment	$20.53B
Long-Term Assets	$22.86B
Total Assets	$25.22B
Current Liabilities	$3.55B
Long-Term Debt	$16.66B
Long-Term Liabilities	$18.47B
Total Liabilities	$22.02B
Common Equity	$3.20B
Tangible Shareholders Equity	$1.55B
Shareholders Equity	$3.20B
Common Shares Outstanding	214.66M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$3.92B
Cash Flow from Investing Activities	$-3.64B
Cash Flow from Financial Activities	$-266.60M
Beginning Cash	$157.30M
End Cash	$166.10M
Increase/Decrease in Cash	$8.80M
Stock-Based Compensation	$69.50M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	0.67
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.84
Debt to Equity Ratio	5.45
Gross Margin	43.10%
Operating Margin	22.62%
EBIT Margin	22.62%
EBITDA Margin	--
Pre-Tax Profit Margin	17.07%
Profit Margin	13.26%
Free Cash Flow	$584.10M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.16
Inventory Turnover	5.38
Receiveable Turnover	2.75
Days Sales in Receivables	32.72
Return on Equity	17.29%
Return on Tangible Equity	35.76%
Return on Assets	2.19%
Return on Investments	2.78%
Book Value Per Share	$14.90
Free Cash Flow per Share	$2.69
Operating Cash Flow per Share	$18.06

Data from Zacks Investment Research, Inc.