TRGP vs. TS: Targa Resources vs. Tenaris Stock Comparison

November 11, 2026

How do Targa Resources (TRGP) and Tenaris (TS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Targa Resources (TRGP) and Tenaris (TS) both fall under the Energy industry group, but TRGP is classified in Oil, Gas & Consumable Fuels while TS is classified in Energy Equipment & Services.

Targa Resources (TRGP) trades as ordinary local shares, while Tenaris (TS) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Targa Resources (TRGP) and Tenaris (TS)
Profile Item	TRGP	TS
Name	Targa Resources Corp.	Tenaris S.A. American Depositary Shares
Country/Region	United States	Luxembourg
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Energy Equipment & Services
GICS Sub-Industry	Oil & Gas Storage & Transportation	Oil & Gas Equipment & Services
Market Capitalization	56.77 billion USD	29.71 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 7, 2010	December 16, 2002
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

TRGP

GSPC

Targa Resources (TRGP) vs. Tenaris (TS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Targa Resources (TRGP) and Tenaris (TS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Targa Resources (TRGP) and Tenaris (TS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Targa Resources (TRGP) and Tenaris (TS)
Metric	TRGP	TS
Total Return (1Y)	61.02%	49.29%
Total Return (3Y, Annualized)	51.25%	24.84%
Total Return (5Y, Annualized)	39.54%	22.48%

Risk Profile

Drawdown History

TRGP

GSPC

Targa Resources (TRGP) vs. Tenaris (TS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Targa Resources (TRGP) and Tenaris (TS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Targa Resources (TRGP) and Tenaris (TS)
Metric	TRGP	TS
Volatility (1Y, Annualized)	29.62%	29.07%
Beta (5Y)	0.79	0.88
Max Drawdown (5Y)	-31.61%	-33.71%
Avg. Volume (3M)	1.21M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

TRGP and TS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Targa Resources (TRGP) and Tenaris (TS)
Metric	TRGP	TS
Sharpe Ratio (1Y)	1.92	1.55
Sortino Ratio (1Y)	2.91	2.30

Profitability

ROE (TTM)

Targa Resources (TRGP) at 73.42% clears its industry range for ROE, a sharper capital-efficiency signal than Tenaris (TS) at 11.86%, which is closer to a typical peer reading.

TRGP

Energy industry group

73.42%

TRGP: 73.42%
Max: 53.85%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

TS

Energy industry group

11.86%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
TS: 11.86%
Q1: 2.03%
Min: -29.09%

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Targa Resources (TRGP) at 13.46% and Tenaris (TS) at 16.24% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

TRGP

Energy industry group

13.46%

Max: 56.92%
Q3: 22.92%
TRGP: 13.46%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

TS

Energy industry group

16.24%

Max: 56.92%
Q3: 22.92%
TS: 16.24%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Targa Resources (TRGP) at 19.58% and Tenaris (TS) at 19.26% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

TRGP

Energy industry group

19.58%

Max: 71.31%
Q3: 33.75%
TRGP: 19.58%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

TS

Energy industry group

19.26%

Max: 71.31%
Q3: 33.75%
TS: 19.26%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Targa Resources (TRGP) and Tenaris (TS)
Metric	TRGP	TS
ROE (TTM)	73.42%	11.86%
ROA (TTM)	9.52%	6.69%
Net Margin (TTM)	13.46%	16.24%
Operating Margin (TTM)	19.58%	19.26%
Gross Margin (TTM)	41.82%	38.54%

Growth

Revenue Growth

Both Targa Resources (TRGP) at 3.95% and Tenaris (TS) at -4.33% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Targa Resources (TRGP) at 46.92% sits in the top EPS growth quartile, while Tenaris (TS) at 1.11% is closer to the peer norm — faster per-share earnings growth for TRGP.

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Targa Resources (TRGP) and Tenaris (TS)
Metric	TRGP	TS
Revenue Growth (YoY)	3.95%	-4.33%
Revenue Growth (3Y CAGR)	-6.65%	0.62%
EPS Growth (YoY)	46.92%	1.11%
EPS Growth (3Y CAGR)	30.53%	-5.38%

Financial Strength

Current Ratio (MRQ)

Tenaris (TS) at 3.25 carries current ratio above its industry’s typical mid-range, while Targa Resources (TRGP) at 0.74 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

TRGP

Energy industry group

0.74

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
TRGP: 0.74
Min: 0.24

TS

Energy industry group

3.25

Max: 3.64
TS: 3.25
Q3: 2.21
Median: 1.41
Q1: 0.88
Min: 0.24

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Tenaris (TS) at 0.03 keeps leverage in the lower quartile, while Targa Resources (TRGP) at 5.01 is above its industry debt-to-equity ratio range.

TRGP

Energy industry group

5.01

TRGP: 5.01
Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

TS

Energy industry group

0.03

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
TS: 0.03
Min: 0.00

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Targa Resources (TRGP) and Tenaris (TS)
Metric	TRGP	TS
Current Ratio (MRQ)	0.74	3.25
Debt / Equity (MRQ)	5.01	0.03
Net Debt / EBITDA	3.38	-0.90

Dividends

Dividend Yield (TTM)

Both Targa Resources (TRGP) at 1.75% and Tenaris (TS) at 2.11% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

TRGP

Energy industry group

1.75%

Max: 8.57%
Q3: 3.58%
TRGP: 1.75%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

TS

Energy industry group

2.11%

Max: 8.57%
Q3: 3.58%
TS: 2.11%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Targa Resources (TRGP) at 39.82% and Tenaris (TS) at 45.64% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

TRGP

Energy industry group

39.82%

Max: 133.24%
Q3: 53.31%
TRGP: 39.82%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

TS

Energy industry group

45.64%

Max: 133.24%
Q3: 53.31%
TS: 45.64%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Targa Resources (TRGP) and Tenaris (TS)
Metric	TRGP	TS
Dividend Yield (TTM)	1.75%	2.11%
Dividend Payout Ratio (TTM)	39.82%	45.64%

Valuation

P/E Ratio (TTM)

Tenaris (TS) at 15.09 is near its industry’s usual P/E ratio, while Targa Resources (TRGP) at 23.42 sits in the richer quartile — TRGP needs stronger growth or earnings quality to justify the premium.

TRGP

Energy industry group

23.42

Max: 39.54
TRGP: 23.42
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

TS

Energy industry group

15.09

Max: 39.54
Q3: 21.72
TS: 15.09
Median: 12.19
Q1: 7.71
Min: 2.99

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Tenaris (TS) at 2.44 is priced about in line with its industry on P/S ratio, while Targa Resources (TRGP) at 3.12 sits in the pricier quartile — TRGP costs more per dollar of sales.

TRGP

Energy industry group

3.12

Max: 5.40
TRGP: 3.12
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

TS

Energy industry group

2.44

Max: 5.40
Q3: 2.85
TS: 2.44
Median: 1.69
Q1: 0.88
Min: 0.00

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Tenaris (TS) at 3.53 sits in the upper P/B ratio quartile, and Targa Resources (TRGP) at 14.87 prices even higher, above its industry range.

TRGP

Energy industry group

14.87

TRGP: 14.87
Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

TS

Energy industry group

3.53

Max: 4.21
TS: 3.53
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Targa Resources (TRGP) vs. Tenaris (TS): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Targa Resources (TRGP) and Tenaris (TS)
Metric	TRGP	TS
P/E Ratio (TTM)	23.42	15.09
P/S Ratio (TTM)	3.12	2.44
P/B Ratio (MRQ)	14.87	3.53
Free Cash Flow Yield (TTM)	0.29%	6.50%