Targa Resources Corp (TRGP)
169.20
+3.93
(+2.38%)
USD |
NYSE |
Nov 04, 16:00
171.35
+2.15
(+1.27%)
Pre-Market: 07:39
Targa Resources Gross Profit Margin (Quarterly): 28.52% for June 30, 2024
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
| Date | Value |
|---|---|
| June 30, 2024 | 28.52% |
| March 31, 2024 | 22.00% |
| December 31, 2023 | 23.58% |
| September 30, 2023 | 22.46% |
| June 30, 2023 | 29.46% |
| March 31, 2023 | 26.03% |
| December 31, 2022 | 19.77% |
| September 30, 2022 | 14.30% |
| June 30, 2022 | 12.20% |
| March 31, 2022 | 11.01% |
| December 31, 2021 | 11.99% |
| September 30, 2021 | 13.95% |
| June 30, 2021 | 14.49% |
| March 31, 2021 | 15.97% |
| December 31, 2020 | 22.29% |
| September 30, 2020 | 27.82% |
| June 30, 2020 | 28.81% |
| March 31, 2020 | 29.66% |
| December 31, 2019 | 17.34% |
| September 30, 2019 | 17.35% |
| June 30, 2019 | 19.87% |
| March 31, 2019 | 14.61% |
| December 31, 2018 | 14.64% |
| September 30, 2018 | 13.28% |
| June 30, 2018 | 13.77% |
| Date | Value |
|---|---|
| March 31, 2018 | 12.89% |
| December 31, 2017 | 12.13% |
| September 30, 2017 | 12.22% |
| June 30, 2017 | 13.05% |
| March 31, 2017 | 12.65% |
| December 31, 2016 | 13.63% |
| September 30, 2016 | 14.86% |
| June 30, 2016 | 15.93% |
| March 31, 2016 | 16.49% |
| December 31, 2015 | 16.00% |
| September 30, 2015 | 18.56% |
| June 30, 2015 | 18.09% |
| March 31, 2015 | 18.01% |
| December 31, 2014 | 17.43% |
| September 30, 2014 | 13.99% |
| June 30, 2014 | 14.90% |
| March 31, 2014 | 13.07% |
| December 31, 2013 | 13.40% |
| September 30, 2013 | 15.55% |
| June 30, 2013 | 13.84% |
| March 31, 2013 | 14.04% |
| December 31, 2012 | 15.66% |
| September 30, 2012 | 13.77% |
| June 30, 2012 | 14.87% |
| March 31, 2012 | 13.01% |
Gross Profit Margin Definition
Gross Profit Margin is calculated using Gross Profit/Revenue. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. An analyst looking at gross profit margin might look for a higher gross profit margin relative to other comparable companies as well as a gross profit margin that is growing.
Gross Profit Margin (Quarterly) Range, Past 5 Years
11.01%
Minimum
Mar 2022
29.66%
Maximum
Mar 2020
20.61%
Average
22.00%
Median
Mar 2024
Gross Profit Margin (Quarterly) Benchmarks
| MPLX LP | 44.37% |
| Core Laboratories Inc | 17.80% |
| Archrock Inc | 41.49% |
| Kinder Morgan Inc | 56.45% |
| Nine Energy Service Inc | 11.35% |
Gross Profit Margin (Quarterly) Related Metrics
| Return on Equity | 24.34% |
| Return on Assets | 5.34% |
| Return on Invested Capital | 6.36% |
| Profit Margin (Quarterly) | 8.38% |
| Operating Margin (Quarterly) | 17.61% |
| Return on Net Operating Assets | 5.51% |