Targa Resources vs Venture Global
Targa Resources is the larger business, with $17.03bn of revenue in fiscal 2025 against $13.77bn for Venture Global (1.2 times as much). Venture Global grew faster (176.9% against 3.9%). Venture Global kept more of each dollar of sales as profit: a net margin of 16.4% against 11.3%.
| Latest fiscal year | Targa ResourcesTRGP, 2025 | Venture GlobalVG, 2025 |
|---|---|---|
| Revenue | $17.03bn | $13.77bn |
| Revenue growth | 3.9% | 176.9% |
| Net income | $1.92bn | $2.26bn |
| Operating margin | — | 37.4% |
| Net margin | 11.3% | 16.4% |
| Return on equity | 67.9% | 46.9% |
| Free cash flow | $584m | −$6.80bn |
| Cash | $166m | $2.35bn |
| Total debt | $17.43bn | $34.81bn |
| Debt to equity | — | 516.3% |
| Dividend per share | — | — |
| Dividend yield | — | 0.9% |
| Share buybacks | $642m | — |
| Employees | 3,570 | 2,000 |
| Market value | $63.20bn | $34.02bn |
| Price vs our value range | — | — |
| Moat score | 36 (Weak) | — |
| Insider trades, 12 months | 0 buys, 25 sales | 1 buys, 70 sales |