Stocks Comparison
Targa Resources vs Western Midstream Partners: revenue, profit, margins and growth compared
Targa Resources brought in $17B of revenue in fiscal 2025, Western Midstream Partners $3.8B in fiscal 2025. Revenue changed by +3.9% at Targa Resources and +6.6% at Western Midstream Partners on the year before, so Western Midstream Partners grew faster. Targa Resources kept 11.3% of its revenue as net profit, Western Midstream Partners 30.7%. Free cash flow was $584.1M at Targa Resources and $1.5B at Western Midstream Partners.
Side by side, latest fiscal year
| TRGP | WES | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $17B | $3.8B |
| Revenue growth | +3.9% | +6.6% |
| Net income | $1.9B | $1.2B |
| Net margin | 11.3% | 30.7% |
| Free cash flow | $584.1M | $1.5B |
| Free cash flow margin | 3.4% | 38.9% |
| Earnings per share (diluted) | $8.49 | n/a |
| Cash | $166.1M | $819.5M |
| Debt | $17.4B | $8.6B |
| Price to earnings | 32.7 | n/a |
| Market value | $59.6B | $18.8B |
| Dividend yield | 1.35% | n/a |
| Rank by revenue in sector | #16 of 109 · Utilities | #45 of 109 · Utilities |
Over the years
Questions about Targa Resources and Western Midstream Partners
Which is bigger by revenue, Targa Resources or Western Midstream Partners?
Targa Resources is bigger by revenue: $17B in fiscal 2025, against $3.8B for Western Midstream Partners in fiscal 2025.
Which keeps more of its revenue as profit, Targa Resources or Western Midstream Partners?
Targa Resources had a net margin of 11.3% in fiscal 2025; Western Midstream Partners had 30.7% in fiscal 2025.
Which grew revenue faster, Targa Resources or Western Midstream Partners?
In their latest fiscal years revenue changed by +3.9% at Targa Resources and +6.6% at Western Midstream Partners.
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.