Diamondback Energy, Inc. (FANG) vs Targa Resources Corp. (TRGP)
FANG leads on 10 of 16 compared metrics, though TRGP is the cheaper stock.
A side-by-side comparison of Diamondback Energy, Inc. and Targa Resources Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 28, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — FANG vs TRGP
growth of $100 · last 14yFANG +928.1%TRGP +445.0%FANG compounded faster
FANG TRGP
FANG vs TRGP: by the numbers
- •TRGP is the larger company ($58.51B vs $50.61B market cap).
- •TRGP trades at the lower earnings multiple (27.76 vs 211.66 P/E).
- •TRGP converts more revenue to profit (12.98% vs 2.65% net margin).
- •FANG grew revenue faster over the past five years (37.44% vs 10.04% CAGR).
- •FANG pays the higher dividend yield (2.45% vs 1.83%).
Which is better, FANG or TRGP?
Metric tally: FANG 10 · TRGP 6It depends on what you're optimizing for:
ValueTRGP(lower P/E)
GrowthFANG(faster 5Y revenue CAGR)
IncomeFANG(higher dividend yield)
QualityTRGP(higher ROIC)
Metrics side by side
Valuation
| Metric | FANG | TRGP |
|---|---|---|
| P/E ratio | 211.66 | 27.76● |
| Forward P/E | — | 22.18 |
| P/S ratio | 3.35● | 3.58 |
| P/B ratio | 1.39● | 18.69 |
| PEG ratio | 8.32 | 0.45● |
| EV / EBITDA | 7.51● | 15.43 |
| FCF yield | 3.13%● | 0.45% |
Profitability
| Metric | FANG | TRGP |
|---|---|---|
| Gross margin | 41.83%● | 29.88% |
| Operating margin | 32.73%● | 21.11% |
| Net margin | 2.65% | 12.98%● |
| ROE | 1.10% | 67.76%● |
| ROIC | 6.00% | 12.07%● |
Dividends
| Metric | FANG | TRGP |
|---|---|---|
| Dividend yield | 2.45%● | 1.83% |
| Payout ratio | 76.79% | 58.55% |
Growth (annualized)
| Metric | FANG | TRGP |
|---|---|---|
| Revenue CAGR (5Y) | 37.44%● | 10.04% |
| EPS CAGR (5Y) | 25.44%● | 22.85% |
| FCF CAGR (5Y) | 91.40%● | -27.03% |
| Total return CAGR (5Y) | 18.00% | 46.12%● |
Frequently asked
- Which is better, FANG or TRGP?
- It depends on your goal. value: TRGP (lower P/E); growth: FANG (faster 5Y revenue CAGR); income: FANG (higher dividend yield); quality: TRGP (higher ROIC). Across all compared metrics, FANG leads 10 to 6.
- Is FANG or TRGP cheaper?
- On trailing earnings, TRGP is cheaper: FANG trades at a 211.66 P/E and TRGP at 27.76.
- Which has grown faster, FANG or TRGP?
- Over the past five years, FANG grew revenue faster — FANG at a 37.44% CAGR versus TRGP at 10.04%.
- Does FANG or TRGP pay a bigger dividend?
- FANG yields 2.45% and TRGP yields 1.83% based on trailing dividends and the latest price.
- Is FANG or TRGP more profitable?
- TRGP runs the higher net margin — FANG at 2.65% versus TRGP at 12.98%.
- Which has been the better investment, FANG or TRGP?
- Over the past 10-year, TRGP delivered the higher annualized total return — FANG at 10.32% versus TRGP at 26.18%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Diamondback Energy P/E ratioTarga Resources P/E ratioDiamondback Energy dividend yieldTarga Resources dividend yieldDiamondback Energy ROETarga Resources ROEDiamondback Energy operating marginTarga Resources operating marginDiamondback Energy revenue growthTarga Resources revenue growthDiamondback Energy free cash flowTarga Resources free cash flow
Diamondback Energy & Targa Resources appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 28, 2026.