Which has the lower trailing P/E, TRGP or TRP?

TRP has the lower trailing P/E: TRGP trades at 27.52 and TRP at 25.90. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, TRGP or TRP?

Over the past five years, TRGP grew revenue faster — TRGP at a 6.56% CAGR versus TRP at 2.32%.

Does TRGP or TRP pay a bigger dividend?

TRGP yields 1.56% and TRP yields 3.99% based on trailing dividends and the latest price.

Is TRGP or TRP more profitable?

TRP runs the higher net margin — TRGP at 13.49% versus TRP at 22.46%.

How have TRGP and TRP total returns compared?

Over the past 10 years, TRGP delivered 25.94% and TRP delivered 10.26% annualized total return. Past performance doesn't predict future results.

Targa Resources Corp. (TRGP) vs TC Energy Corporation (TRP)

A side-by-side comparison of Targa Resources Corp. and TC Energy Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 28, 2026. Differences are shown without an overall score or investment verdict.

TRGP

Targa Resources Corp.

$61.78B

$287.82EnergyDelayed quote: Aug 28, 2026, 4:00 PM EDT

TRP

TC Energy Corporation

$64.40B

$61.86EnergyDelayed quote: Aug 28, 2026, 4:00 PM EDT

Total return — TRGP vs TRP

growth of $100 · dividends reinvested · last 10y

TRGP +909.0% (+26.0%/yr)TRP +163.1% (+10.2%/yr)TRGP compounded faster over this window

TRGP TRP

TRGP vs TRP: by the numbers

•TRP is the larger company ($64.40B vs $61.78B market cap).
•TRP trades at the lower trailing earnings multiple (25.90 vs 27.52 P/E), one valuation lens rather than an overall verdict.
•TRP converts more revenue to profit (22.46% vs 13.49% net margin).
•TRGP grew revenue faster over the past five years (6.56% vs 2.32% CAGR).
•TRP pays the higher dividend yield (3.99% vs 1.56%).

Metrics side by side

Valuation

Metric	TRGP	TRP
P/E ratio	27.52	25.90
Forward P/E	25.68	16.15
P/S ratio	3.70	5.63
P/B ratio	16.99	3.31
EV / EBITDA	14.83	14.68
FCF yield	1.19%	4.02%

Profitability

Metric	TRGP	TRP
Gross margin	26.51%	51.47%
Operating margin	23.13%	46.09%
Net margin	13.49%	22.46%
ROE	61.94%	13.19%
ROIC	14.09%	5.18%

Dividends

Metric	TRGP	TRP
Dividend yield	1.56%	3.99%
Payout ratio	52.69%	104.06%

Growth (annualized)

Metric	TRGP	TRP
Revenue CAGR (5Y)	6.56%	2.32%
EPS CAGR (5Y)	N/A	-8.54%
FCF CAGR (5Y)	-16.03%	69.19%
Total return CAGR (5Y)	48.04%	14.41%

Frequently asked

Which has the lower trailing P/E, TRGP or TRP?: TRP has the lower trailing P/E: TRGP trades at 27.52 and TRP at 25.90. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, TRGP or TRP?: Over the past five years, TRGP grew revenue faster — TRGP at a 6.56% CAGR versus TRP at 2.32%.
Does TRGP or TRP pay a bigger dividend?: TRGP yields 1.56% and TRP yields 3.99% based on trailing dividends and the latest price.
Is TRGP or TRP more profitable?: TRP runs the higher net margin — TRGP at 13.49% versus TRP at 22.46%.
How have TRGP and TRP total returns compared?: Over the past 10 years, TRGP delivered 25.94% and TRP delivered 10.26% annualized total return. Past performance doesn't predict future results.

Go deeper

Full TRGP analysis Full TRP analysis Interactive comparison tool

Dig into the metrics

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

Targa Resources & TC Energy appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest Operating Margin Stocks Highest FCF Yield 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 August 28, 2026.