TRGP FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
TRGP's fcf yield is lower than 65% of the last 10 years.
FCF Yield History
TRGP FCF Yield by year
Yearly range of TRGP’s fcf yield from 2016 to 2026. Over the full period it ranged from -135.0% to 19.2%, averaging -1.1%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 0.4% | 1.0% | 1.6% | 1.2% |
| 2025 | 1.1% | 1.6% | 2.0% | 1.5% |
| 2024 | 0.7% | 1.8% | 4.6% | 1.7% |
| 2023 | 3.0% | 5.3% | 7.7% | 3.1% |
| 2022 | 7.8% | 10.1% | 13.0% | 8.0% |
| 2021 | 8.3% | 13.2% | 19.2% | 12.5% |
| 2020 | -135.0% | -13.6% | 10.9% | 10.9% |
| 2019 | -33.8% | -25.3% | -15.6% | -15.6% |
| 2018 | -23.6% | -7.4% | -3.2% | -23.6% |
| 2017 | -2.2% | 1.3% | 5.1% | -1.9% |
| 2016 | 2.8% | 3.4% | 4.4% | 2.9% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is TRGP FCF Yield High or Low Right Now?
Targa Resources Corp.'s FCF Yield is currently 1.2%, which is below average relative to its 10-year historical range. The 10-year median FCF Yield for TRGP is approximately 1.5%. See all TRGP valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.