Is PSX or TRGP cheaper?

On trailing earnings, PSX is cheaper: PSX trades at a 16.59 P/E and TRGP at 26.94.

Which has grown faster, PSX or TRGP?

Over the past five years, PSX grew revenue faster — PSX at a 15.79% CAGR versus TRGP at 10.04%.

Does PSX or TRGP pay a bigger dividend?

PSX yields 2.93% and TRGP yields 1.61% based on trailing dividends and the latest price.

Is PSX or TRGP more profitable?

TRGP runs the higher net margin — PSX at 3.04% versus TRGP at 12.98%.

Which has been the better investment, PSX or TRGP?

Over the past 10-year, TRGP delivered the higher annualized total return — PSX at 11.91% versus TRGP at 25.65%. Past performance doesn't predict future results.

Phillips 66 (PSX) vs Targa Resources Corp. (TRGP)

PSX leads on 9 of 17 compared metrics.

A side-by-side comparison of Phillips 66 and Targa Resources Corp. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 23, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Targa Resources Corp.

$56.78B

$264.51Energy

Total return — PSX vs TRGP

growth of $100 · last 14y

PSX +395.3%TRGP +484.8%TRGP compounded faster

PSX TRGP

PSX vs TRGP: by the numbers

•PSX is the larger company ($67.52B vs $56.78B market cap).
•PSX trades at the lower earnings multiple (16.59 vs 26.94 P/E).
•TRGP converts more revenue to profit (12.98% vs 3.04% net margin).
•PSX grew revenue faster over the past five years (15.79% vs 10.04% CAGR).
•PSX pays the higher dividend yield (2.93% vs 1.61%).

Which is better, PSX or TRGP?

Metric tally: PSX 9 · TRGP 8

It depends on what you're optimizing for:

ValuePSX(lower P/E)

GrowthPSX(faster 5Y revenue CAGR)

IncomePSX(higher dividend yield)

QualityTRGP(higher ROIC)

Metrics side by side

Valuation

Metric	PSX	TRGP
P/E ratio	16.59●	26.94
Forward P/E	9.79●	21.54
P/S ratio	0.50●	3.47
P/B ratio	2.38●	18.13
PEG ratio	0.10●	0.45
EV / EBITDA	9.78●	15.26
FCF yield	0.18%	0.46%●

Profitability

Metric	PSX	TRGP
Gross margin	7.04%	29.88%●
Operating margin	4.67%	21.11%●
Net margin	3.04%	12.98%●
ROE	14.45%	67.76%●
ROIC	4.75%	12.07%●

Dividends

Metric	PSX	TRGP
Dividend yield	2.93%●	1.61%
Payout ratio	45.57%	49.77%

Growth (annualized)

Metric	PSX	TRGP
Revenue CAGR (5Y)	15.79%●	10.04%
EPS CAGR (5Y)	8.08%	22.85%●
FCF CAGR (5Y)	-16.26%●	-27.03%
Total return CAGR (5Y)	18.28%	45.22%●

Frequently asked

Which is better, PSX or TRGP?: It depends on your goal. value: PSX (lower P/E); growth: PSX (faster 5Y revenue CAGR); income: PSX (higher dividend yield); quality: TRGP (higher ROIC). Across all compared metrics, PSX leads 9 to 8.
Is PSX or TRGP cheaper?: On trailing earnings, PSX is cheaper: PSX trades at a 16.59 P/E and TRGP at 26.94.
Which has grown faster, PSX or TRGP?: Over the past five years, PSX grew revenue faster — PSX at a 15.79% CAGR versus TRGP at 10.04%.
Does PSX or TRGP pay a bigger dividend?: PSX yields 2.93% and TRGP yields 1.61% based on trailing dividends and the latest price.
Is PSX or TRGP more profitable?: TRGP runs the higher net margin — PSX at 3.04% versus TRGP at 12.98%.
Which has been the better investment, PSX or TRGP?: Over the past 10-year, TRGP delivered the higher annualized total return — PSX at 11.91% versus TRGP at 25.65%. Past performance doesn't predict future results.

Go deeper

Full PSX analysis Full TRGP analysis Interactive comparison tool

Dig into the metrics

Phillips 66 P/E ratio Targa Resources P/E ratio Phillips 66 dividend yield Targa Resources dividend yield Phillips 66 ROE Targa Resources ROE Phillips 66 operating margin Targa Resources operating margin Phillips 66 revenue growth Targa Resources revenue growth Phillips 66 free cash flow Targa Resources free cash flow

Phillips 66 & Targa Resources appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest ROE Stocks Best 10-Year Total Return Stocks

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 23, 2026.