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Held by 979 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 2026
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Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $285.07 today, the market must believe free cash flow compounds 31.6%/yr for a decade (off $698M normalized FCF).
The market's 31.6% is more optimistic than its 9-yr track record.
2-stage DCF · 0.21B shares · net debt $17.3B
mean -33.0% · volatility σ 114% · implied rate exceeded in 1/6 yrs
Central path = implied 31.6%/yr growth; shaded band = ±1σ (114%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.03B 100.0% | $16.38B 100.0% | $16.06B 100.0% | $20.93B 100.0% | $16.95B 100.0% | $8.26B 100.0% | $8.67B 100.0% | $10.48B 100.0% | $8.81B 100.0% | $5.59B 100.0% |
| Cost of Revenue | $10.51B 61.7% | $10.70B 65.3% | $10.68B 66.5% | $16.88B 80.7% | $13.73B 81.0% | $5.19B 62.8% | $6.21B 71.6% | $8.24B 78.6% | $6.91B 78.3% | $4.92B 88.1% |
| Gross Profit | — | — | — | — | — | — | $2.55B 29.4% | $2.25B 21.4% | $1.91B 21.7% | $1.77B 31.6% |
| Selling, General & Admin | $406.0M 2.4% | $384.9M 2.3% | $348.7M 2.2% | $309.7M 1.5% | $273.2M 1.6% | $254.6M 3.1% | $280.7M 3.2% | $256.9M 2.5% | $203.4M 2.3% | $187.2M 3.4% |
| Operating Income | $3.33B 19.6% | $2.70B 16.5% | $2.63B 16.4% | $1.73B 8.3% | $864.8M 5.1% | -$1.30B -15.8% | $192.9M 2.2% | $237.5M 2.3% | -$122.4M -1.4% | $55.8M 1.0% |
| Other Income (Expense), net | -$3.8M -0.0% | $400K 0.0% | -$4.9M -0.0% | -$15.1M -0.1% | $500K 0.0% | $3.7M 0.0% | — | $100K 0.0% | -$2.6M -0.0% | $800K 0.0% |
| Pretax Income | $2.49B 14.6% | $1.94B 11.8% | $1.94B 12.1% | $1.66B 7.9% | $436.9M 2.6% | -$1.57B -19.0% | -$46.7M -0.5% | $65.9M 0.6% | -$292.9M -3.3% | -$259.7M -4.6% |
| Income Tax Expense | $529.7M 3.1% | $384.5M 2.3% | $363.2M 2.3% | $131.8M 0.6% | $14.8M 0.1% | -$248.1M -3.0% | -$87.9M -1.0% | $5.5M 0.1% | -$397.1M -4.5% | -$100.6M -1.8% |
| Net Income | $1.92B 11.3% | $1.31B 8.0% | $1.35B 8.4% | $1.20B 5.7% | $71.2M 0.4% | -$1.55B -18.8% | -$209.2M -2.4% | $1.6M 0.0% | $54.0M 0.6% | -$187.3M -3.4% |
| Per Share | ||||||||||
| EPS (Basic) | $8.52 | $5.77 | $3.69 | $3.95 | $-0.07 | $-7.26 | $-1.44 | $-0.53 | $-0.31 | $-1.80 |
| EPS (Diluted) | $8.49 | $5.74 | $3.66 | $3.88 | $-0.07 | $-7.26 | $-1.44 | $-0.53 | $-0.31 | $-1.80 |
| Weighted Avg Shares (Basic) | 216.1M | 220.2M | 224.6M | 227.3M | 228.6M | 232.2M | 232.5M | 224.2M | 206.9M | 154.4M |
| Weighted Avg Shares (Diluted) | 216.9M | 221.3M | 226.0M | 231.1M | 228.6M | 232.2M | 232.5M | 224.2M | 206.9M | 154.4M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; leverage rising year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $584M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 9%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $166M is below the $679M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
Where each multiple sits in its own 14-yr range · 98th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 6.0× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 78.6 | 71.6 | 62.8 | 81.0 | 80.7 | 66.5 | 65.3 | 61.7 |
| Gross Profit | 21.4 | 29.4 | — | — | — | — | — | — |
| SG&A | 2.5 | 3.2 | 3.1 | 1.6 | 1.5 | 2.2 | 2.3 | 2.4 |
| Operating Income | 2.3 | 2.2 | -15.8 | 5.1 | 8.3 | 16.4 | 16.5 | 19.6 |
| Income Tax | 0.1 | -1.0 | -3.0 | 0.1 | 0.6 | 2.3 | 2.3 | 3.1 |
| Net Income | 0.0 | -2.4 | -18.8 | 0.4 | 5.7 | 8.4 | 8.0 | 11.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on TRGP: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 238 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| XOM | $682.5B | 24.4× | — | 2.0× | -5.0% | — | 8.7% | 11.1% | 10.7% | — | 4,568 |
| SHEL | $544.5B | — | — | — | — | — | — | — | — | — | 1,521 |
| CVX | $391.1B | 31.9× | — | 2.1× | -6.8% | 42.8% | 6.5% | 6.6% | 6.6% | — | 4,121 |
| TTE | $200.4B | — | — | — | — | — | — | — | — | — | 951 |
| COP | $165.9B | 20.9× | — | 2.8× | 7.7% | 62.1% | 13.6% | 12.4% | 12.2% | — | 2,450 |
| PBR | $155.6B | — | — | — | — | — | — | — | — | — | 524 |
| MPC | $126.2B | 31.3× | 10.8× | 0.9× | -4.4% | 10.0% | 3.0% | 23.4% | 20.6% | 0.2× | 1,802 |
| VLO | $124.6B | 53.3× | 23.6× | 1.0× | -5.5% | 4.4% | 1.9% | 9.9% | 7.1% | 1.7× | 1,781 |
| BP | $116.9B | — | — | — | — | — | — | — | — | — | 1,220 |
| EQNR | $110.5B | — | — | — | — | — | — | — | — | — | 398 |
| PSX | $107.4B | 24.5× | — | 0.8× | -7.5% | 12.3% | 3.3% | 15.1% | 14.6% | — | 2,041 |
| WMB | $86.6B | 33.1× | 17.6× | 7.2× | 13.8% | — | 21.9% | 20.4% | 6.3% | 4.4× | 1,736 |
| EPD | $83.3B | — | 12.5× | 1.6× | -6.4% | 26.7% | 11.0% | — | — | 3.7× | 1,573 |
| EOG | $78.7B | 15.9× | 7.7× | 3.5× | -4.5% | — | 22.0% | 16.7% | 13.2% | 0.7× | 1,525 |
| SLB | $78.2B | 22.3× | — | 2.2× | -1.6% | — | 9.4% | 12.9% | 9.4% | — | 1,624 |
| ET | $72.7B | — | 9.8× | 0.8× | 3.5% | 25.8% | 5.2% | 9.0% | 3.8% | 4.8× | 1,244 |
| KMI | $68.4B | 22.4× | 14.0× | 4.0× | 12.2% | — | 18.0% | 9.8% | 4.8% | 4.5× | 1,745 |
| TRGP | $61.1B | 33.5× | 16.2× | 3.6× | 3.9% | 38.3% | 11.3% | 62.7% | 9.4% | 3.6× | 979 |
| TS | $60.4B | — | — | — | — | — | — | — | — | — | 248 |
| LNG | $58.8B | 11.1× | 7.7× | 2.9× | 27.2% | — | 26.7% | 67.3% | 17.3% | 2.2× | 1,303 |
| MPLX | $58.7B | — | — | 4.5× | 8.9% | — | 38.1% | — | — | — | 622 |
| OXY | $58.5B | 36.9× | — | 2.7× | -1.9% | — | 11.0% | 6.6% | 4.2% | — | 1,250 |
| OKE | $58.4B | 17.1× | 12.4× | 1.7× | 55.0% | 30.5% | 10.1% | 15.1% | 6.3% | 4.4× | 1,622 |
| BKR | $55.9B | — | — | 2.0× | -0.3% | — | 9.3% | 13.7% | 13.3% | — | 1,095 |
| FANG | $55.4B | 34.0× | 11.1× | 3.7× | 35.8% | — | 11.1% | 4.5% | 3.2% | 2.3× | 1,141 |
Peers = companies sharing TRGP's sector (Energy) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.