What are Energy Transfer's profit margins?

Energy Transfer (ET) runs a 25.2% gross margin and a 10.3% operating margin, with a 4.7% net margin.

Where do Energy Transfer's ratios come from?

Every ratio is computed from Energy Transfer's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Energy Transfer ET Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	25.2%-0.6pp	25.8%+0.7pp	27%+3.0pp	26.4%+3.0pp	25.7%+2.7pp
Operating margin	10.3%-1.0pp	10.6%-0.5pp	11.6%+0.8pp	11.5%+0.6pp	11.3%+0.7pp
Net margin	4.7%-1.2pp	5.2%-0.6pp	5.7%-0.3pp	5.9%+0.6pp	6%+1.0pp
Efficiency
Asset turnover	0.7×0.0×	0.6×-0.1×	0.6×-0.1×	0.7×-0.1×	0.7×-0.1×
Liquidity
Current ratio	1.2×0.0×	1.2×+0.1×	1.4×+0.3×	1.2×0.0×	1.1×-0.1×
Leverage
Net debt / EBITDA	4.6×+0.4×	4.7×+0.5×	4.1×-0.2×	4.2×0.0×	4.1×+0.2×
Valuation
Market capitalization	$66.4B+4.1%	$56.62B-15.6%	$58.9B+8.9%	$60.71B+11.1%	$63.79B+23.7%
Price / earnings	15.2×+2.2×	12.8×-1.2×	12.9×+2.2×	12.8×+0.6×	13×+0.3×
Price / sales	0.7×-0.1×	0.7×-0.1×	0.7×+0.1×	0.8×+0.1×	0.8×+0.1×
EV / EBITDA	8.9×+0.3×	8.5×-0.4×	8.1×-0.1×	8.3×+0.2×	8.5×+0.7×

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Questions, answered.

What are Energy Transfer's profit margins?: Energy Transfer (ET) runs a 25.2% gross margin and a 10.3% operating margin, with a 4.7% net margin.
Where do Energy Transfer's ratios come from?: Every ratio is computed from Energy Transfer's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.