Stocks Comparison
Energy Transfer vs Targa Resources: revenue, profit, margins and growth compared
Energy Transfer brought in $85.5B of revenue in fiscal 2025, Targa Resources $17B in fiscal 2025. Revenue changed by +3.5% at Energy Transfer and +3.9% at Targa Resources on the year before, so Targa Resources grew faster. Energy Transfer kept 5.2% of its revenue as net profit, Targa Resources 11.3%. Free cash flow was $3.8B at Energy Transfer and $584.1M at Targa Resources.
Side by side, latest fiscal year
| ET | TRGP | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $85.5B | $17B |
| Revenue growth | +3.5% | +3.9% |
| Net income | $4.4B | $1.9B |
| Net margin | 5.2% | 11.3% |
| Free cash flow | $3.8B | $584.1M |
| Free cash flow margin | 4.5% | 3.4% |
| Earnings per share (diluted) | n/a | $8.49 |
| Cash | $1.3B | $166.1M |
| Debt | $68.3B | $17.4B |
| Price to earnings | n/a | 32.7 |
| Market value | $69.5B | $59.6B |
| Dividend yield | n/a | 1.35% |
| Rank by revenue in sector | #1 of 109 · Utilities | #16 of 109 · Utilities |
Over the years
Questions about Energy Transfer and Targa Resources
Which is bigger by revenue, Energy Transfer or Targa Resources?
Energy Transfer is bigger by revenue: $85.5B in fiscal 2025, against $17B for Targa Resources in fiscal 2025.
Which keeps more of its revenue as profit, Energy Transfer or Targa Resources?
Energy Transfer had a net margin of 5.2% in fiscal 2025; Targa Resources had 11.3% in fiscal 2025.
Which grew revenue faster, Energy Transfer or Targa Resources?
In their latest fiscal years revenue changed by +3.5% at Energy Transfer 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.