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EV / sales at other companies

Williams Companies logo
Williams CompaniesWMB
8.8×+2.7×
Oneok logo
OneokOKE
2.5×-1.1×
Enterprise Products Partners logo
Enterprise Products PartnersEPD
2.2×+0.4×
Enbridge logo
EnbridgeENB
1.7×-1.4×
EQT Corporation logo
EQT CorporationEQT
4.4×-2.7×
Cheniere Energy Partners logo
Cheniere Energy PartnersCQP
-1.0×

Other financials

Income statement

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Revenue$27.8B+32.1%
Gross profit$6.6B+21.5%
Operating income$3.0B+19.8%
Net income$1.3B-5.2%

Balance sheet

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Cash & equivalents$951.0M+110%
Total debt$71.1B+17.3%
Total assets$147.48B+16.7%

Cash flow

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Operating cash flow$3.4B+15.8%
CapEx$1.9B+56.5%
Free cash flow$1.5B-13.6%

Valuation

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Market cap$64.52B+4.1%
Enterprise value$134.68B+10.2%
P/E14.8×+2.1×
P/S0.7×-0.1×

Profitability

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Gross margin25.2%-0.6pp
Operating margin10.3%-1.0pp
Net margin4.7%-1.2pp

Returns & leverage

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Current ratio1.2×0.0×

Where this comes from

Calculated from Energy Transfer’s reported figures.

Based on the most recent quarter.

The official record: Energy Transfer’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energy Transfer's EV / sales?
Energy Transfer (ET) reported EV / sales of 1.5× in Q1 2026.
How has Energy Transfer's EV / sales changed year-over-year?
Energy Transfer's EV / sales decreased by 2.0% year-over-year, from 1.5× to 1.5×.
What is the long-term trend for Energy Transfer's EV / sales?
Over 4 years (2021 to 2025), Energy Transfer's EV / sales has grown at a 2.7% compound annual growth rate (CAGR), from 5.4× to 6×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.