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%-1.2pp	27%+0.6pp	26.4%+0.7pp	25.7%+0.7pp
Operating margin	10.3%-0.2pp	10.6%-1.0pp	11.6%+0.1pp	11.5%+0.2pp	11.3%+0.2pp
Net margin	4.7%-0.5pp	5.2%-0.6pp	5.7%-0.1pp	5.9%-0.1pp	6%+0.1pp
Efficiency
Asset turnover	0.7×0.0×	0.6×0.0×	0.6×0.0×	0.7×0.0×	0.7×0.0×
Liquidity
Current ratio	1.2×-0.1×	1.2×-0.2×	1.4×+0.3×	1.2×0.0×	1.1×0.0×
Leverage
Net debt / EBITDA	4.6×-0.1×	4.7×+0.6×	4.1×-0.1×	4.2×0.0×	4.1×-0.1×
Valuation
Market capitalization	$66.4B+17.3%	$56.62B-3.9%	$58.9B-3.0%	$60.71B-4.8%	$63.79B-4.9%
Price / earnings	15.2×+2.4×	12.8×-0.1×	12.9×+0.1×	12.8×-0.2×	13×-0.9×
Price / sales	0.7×+0.1×	0.7×-0.1×	0.7×0.0×	0.8×0.0×	0.8×0.0×
EV / EBITDA	8.9×+0.3×	8.5×+0.5×	8.1×-0.2×	8.3×-0.2×	8.5×-0.4×

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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.