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Stocks Comparison

Archrock vs Targa Resources: revenue, profit, margins and growth compared

Archrock brought in $1.5B of revenue in fiscal 2025, Targa Resources $17B in fiscal 2025. Revenue changed by +28.7% at Archrock and +3.9% at Targa Resources on the year before, so Archrock grew faster. Archrock kept 21.6% of its revenue as net profit, Targa Resources 11.3%. Free cash flow was $119.6M at Archrock and $584.1M at Targa Resources.

Side by side, latest fiscal year

AROCTRGP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.5B$17B
Revenue growth+28.7%+3.9%
Net income$322.3M$1.9B
Net margin21.6%11.3%
Free cash flow$119.6M$584.1M
Free cash flow margin8.0%3.4%
Earnings per share (diluted)$1.83$8.49
Cash$1.6M$166.1M
Debt$2.4B$17.4B
Price to earnings16.632.7
Market value$5.3B$59.6B
Dividend yield2.63%1.35%
Rank by revenue in sector#67 of 109 · Utilities#16 of 109 · Utilities

Over the years

Revenue
AROC FY2018: $904.4MAROC FY2019: $965.5MAROC FY2020: $875MAROC FY2021: $781.5MAROC FY2022: $845.6MAROC FY2023: $990.3MAROC FY2024: $1.2BAROC FY2025: $1.5BTRGP FY2018: $10.5BTRGP FY2019: $8.7BTRGP FY2020: $8.3BTRGP FY2021: $16.9BTRGP FY2021: $20.9BTRGP FY2023: $16.1BTRGP FY2024: $16.4BTRGP FY2025: $17BFY18FY19FY20FY21FY22FY23FY24FY25
AROC $1.5BTRGP $17B
Net income
AROC FY2018: $21.1MAROC FY2019: $97.3MAROC FY2020: -$68.4MAROC FY2021: $28.2MAROC FY2022: $44.3MAROC FY2023: $105MAROC FY2024: $172.2MAROC FY2025: $322.3MTRGP FY2018: $1.6MTRGP FY2019: -$209.2MTRGP FY2020: -$1.6BTRGP FY2021: $71.2MTRGP FY2021: $1.2BTRGP FY2023: $1.3BTRGP FY2024: $1.3BTRGP FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
AROC $322.3MTRGP $1.9B
Net margin
AROC FY2018: 2.3%AROC FY2019: 10.1%AROC FY2020: -7.8%AROC FY2021: 3.6%AROC FY2022: 5.2%AROC FY2023: 10.6%AROC FY2024: 14.9%AROC FY2025: 21.6%TRGP FY2018: 0.0%TRGP FY2019: -2.4%TRGP FY2020: -18.8%TRGP FY2021: 0.4%TRGP FY2021: 5.7%TRGP FY2023: 8.4%TRGP FY2024: 8.0%TRGP FY2025: 11.3%FY18FY19FY20FY21FY22FY23FY24FY25
AROC 21.6%TRGP 11.3%
Revenue growth
AROC FY2019: +6.7%AROC FY2020: -9.4%AROC FY2021: -10.7%AROC FY2022: +8.2%AROC FY2023: +17.1%AROC FY2024: +16.9%AROC FY2025: +28.7%TRGP FY2019: -17.3%TRGP FY2020: -4.7%TRGP FY2021: +105.2%TRGP FY2021: +23.5%TRGP FY2023: -23.3%TRGP FY2024: +2.0%TRGP FY2025: +3.9%FY19FY20FY21FY22FY23FY24FY25
AROC +28.7%TRGP +3.9%
Free cash flow
AROC FY2018: -$93.2MAROC FY2019: -$95.1MAROC FY2020: $195MAROC FY2021: $139.5MAROC FY2022: -$36.4MAROC FY2023: $11.6MAROC FY2024: $70.6MAROC FY2025: $119.6MTRGP FY2018: -$2BTRGP FY2019: -$1.5BTRGP FY2020: $792.9MTRGP FY2021: $1.8BTRGP FY2021: $1BTRGP FY2023: $826.2MTRGP FY2024: $683.9MTRGP FY2025: $584.1MFY18FY19FY20FY21FY22FY23FY24FY25
AROC $119.6MTRGP $584.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Archrock and Targa Resources

Which is bigger by revenue, Archrock or Targa Resources?

Targa Resources is bigger by revenue: $17B in fiscal 2025, against $1.5B for Archrock in fiscal 2025.

Which keeps more of its revenue as profit, Archrock or Targa Resources?

Archrock had a net margin of 21.6% in fiscal 2025; Targa Resources had 11.3% in fiscal 2025.

Which grew revenue faster, Archrock or Targa Resources?

In their latest fiscal years revenue changed by +28.7% at Archrock and +3.9% at Targa Resources.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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