Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 28.96% is 29% above its 5-year average of 22.40%, near the high end of its 5-year range (2.35%–38.01%).
10.00% below its 12-month average of 32.18%.
Reported quarterly EBITDA margin; no daily interpolation. Q2 FY2026 (2026-06-30): 38.01%.
EBITDA MARGIN
28.96%
EBITDA MARGIN AVG TTM
32.18%
EBITDA MARGIN AVG 3Y
27.52%
EBITDA MARGIN AVG 5Y
22.40%
EBITDA MARGIN AVG 10Y
19.60%
EBITDA MARGIN AVG 15Y
16.26%
EBITDA MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-10.00%
CURRENT VS 3Y AVG
+5.22%
CURRENT VS 5Y AVG
+29.29%
CURRENT VS 10Y AVG
+47.74%
CURRENT VS 15Y AVG
+78.13%
CURRENT VS 20Y AVG
N/A
Targa Resources Corp.
Market Cap
$62.11B
EBITDA Margin
28.96%
TTM Avg
32.18%
3Y Avg
27.52%
5Y Avg
22.40%
Market Cap
$62.96B
EBITDA Margin
62.45%
TTM Avg
62.36%
3Y Avg
63.05%
5Y Avg
63.29%
Market Cap
$57.41B
EBITDA Margin
17.11%
TTM Avg
16.67%
3Y Avg
15.47%
5Y Avg
13.88%
Market Cap
$56.94B
EBITDA Margin
52.63%
TTM Avg
51.12%
3Y Avg
51.60%
5Y Avg
48.95%
Market Cap
$70.63B
EBITDA Margin
42.86%
TTM Avg
43.78%
3Y Avg
40.73%
5Y Avg
42.06%
Market Cap
$53.24B
EBITDA Margin
66.26%
TTM Avg
66.00%
3Y Avg
72.45%
5Y Avg
36.66%
Market Cap
$52.35B
EBITDA Margin
43.35%
TTM Avg
45.00%
3Y Avg
48.01%
5Y Avg
43.87%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Targa Resources Corp. (TRGP) | $62.11B | 28.96% | 32.18% | 27.52% | 22.40% |
| TC Energy Corporation (TRP)vs › | $62.96B | 62.45% | 62.36% | 63.05% | 63.29% |
| MPLX Lp (MPLX)vs › | $59.96B | 51.73% | 55.99% | 57.21% | 50.48% |
| ONEOK, Inc. (OKE)vs › | $57.85B | 25.22% | 26.84% | 24.27% | 24.42% |
| Baker Hughes Company (BKR)vs › | $57.41B | 17.11% | 16.67% | 15.47% | 13.88% |
| Occidental Petroleum Corporation (OXY)vs › | $56.94B | 52.63% | 51.12% | 51.60% | 48.95% |
| Kinder Morgan, Inc. (KMI)vs › | $70.63B | 42.86% | 43.78% | 40.73% | 42.06% |
| Diamondback Energy, Inc. (FANG)vs › | $53.24B | 66.26% | 66.00% | 72.45% | 36.66% |
| Devon Energy Corporation (DVN)vs › | $52.35B | 43.35% | 45.00% | 48.01% | 43.87% |
| Energy Transfer LP (ET)vs › | $71.92B | 17.86% | 17.58% | 16.14% | 16.72% |
Gross Margin
26.5%
EBITDA Margin
29.0%
Operating Margin
23.1%
Net Margin
13.5%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-06-30 | 38.01% |
| 2026-03-31 | 31.09% |
| 2025-12-31 | 32.25% |
| 2025-09-30 | 30.18% |
| 2025-06-30 | 29.37% |
| 2025-03-31 | 24.80% |
| 2024-12-31 | 24.49% |
| 2024-09-30 | 28.83% |
| 2024-06-30 | 28.57% |
| 2024-03-31 | 21.48% |
| 2023-12-31 | 22.92% |
| 2023-09-30 | 21.26% |
| 2023-06-30 | 24.55% |
| 2023-03-31 | 21.86% |
| 2022-12-31 | 19.35% |
| 2022-09-30 | 13.38% |
| 2022-06-30 | 14.44% |
| 2022-03-31 | 10.18% |
| 2021-12-31 | 2.35% |
| 2021-09-30 | 14.85% |
| 2021-06-30 | 16.17% |
| 2021-03-31 | 18.56% |
| 2020-12-31 | 29.98% |
| 2020-09-30 | 23.05% |
| 2020-06-30 | 24.07% |
| 2020-03-31 | 23.60% |
| 2019-12-31 | 21.24% |
| 2019-09-30 | 18.71% |
| 2019-06-30 | 15.86% |
| 2019-03-31 | 12.59% |
| 2018-12-31 | 12.44% |
| 2018-09-30 | 12.29% |
| 2018-06-30 | 13.13% |
| 2018-03-31 | 12.94% |
| 2017-12-31 | 13.31% |
| 2017-09-30 | 12.52% |
| 2017-06-30 | 12.68% |
| 2017-03-31 | 12.55% |
| 2016-12-31 | 13.94% |
| 2016-09-30 | 13.93% |
| 2016-06-30 | 15.94% |
| 2016-03-31 | 15.88% |
| 2015-12-31 | 1.33% |
| 2015-09-30 | 17.22% |
| 2015-06-30 | 16.20% |
| 2015-03-31 | 15.29% |
| 2014-12-31 | 12.84% |
| 2014-09-30 | 11.20% |
| 2014-06-30 | 11.45% |
| 2014-03-31 | 10.12% |
| 2013-12-31 | 10.10% |
| 2013-09-30 | 10.12% |
| 2013-06-30 | 8.78% |
| 2013-03-31 | 9.87% |
| 2012-12-31 | 9.15% |
| 2012-09-30 | 7.72% |
| 2012-06-30 | 9.97% |
| 2012-03-31 | 9.42% |
| 2011-12-31 | 8.01% |
| 2011-09-30 | 6.79% |
| 2011-06-30 | 8.32% |
| 2011-03-31 | 7.22% |
| 2010-12-31 | 5.69% |
| 2010-09-30 | 7.70% |
| 2010-06-30 | 7.44% |
| 2010-03-31 | 6.58% |
| 2009-12-31 | 9.58% |
| 2009-09-30 | 8.44% |
