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
EBITDA margin	16.7%-0.5pp	17.2%-1.4pp	18.6%+0.3pp	18.3%+0.6pp	17.7%+0.4pp
Free cash flow margin	4.2%-0.6pp	4.8%-1.7pp	6.5%-0.6pp	7.1%-0.3pp	7.4%-1.5pp
Returns
Return on assets	3.2%-0.1pp	3.3%-0.3pp	3.6%-0.2pp	3.9%-0.2pp	4%0.0pp
Efficiency
Asset turnover	0.7×0.0×	0.6×0.0×	0.6×0.0×	0.7×0.0×	0.7×0.0×
Inventory turnover	18.6×+2.4×	16.2×-4.0×	20.2×-1.7×	21.9×-2.2×	24.1×+1.8×
Liquidity
Current ratio	1.2×-0.1×	1.2×-0.2×	1.4×+0.3×	1.2×0.0×	1.1×0.0×
Quick ratio	0.9×0.0×	0.9×-0.2×	1.1×+0.2×	0.9×0.0×	0.9×0.0×
Cash ratio	0×0.0×	0.1×-0.2×	0.3×+0.3×	0×0.0×	0×0.0×
Leverage
Debt-to-assets	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×	0.5×0.0×
Net debt / EBITDA	4.6×-0.1×	4.7×+0.6×	4.1×-0.1×	4.2×0.0×	4.1×-0.1×
Interest coverage	2.6×0.0×	2.6×-0.1×	2.7×-0.1×	2.8×-0.1×	2.9×0.0×
Valuation
Market capitalization	$66.4B+17.3%	$56.62B-3.9%	$58.9B-3.0%	$60.71B-4.8%	$63.79B-4.9%
Enterprise value	$136.55B+8.8%	$125.55B+5.2%	$119.3B-2.2%	$122.04B-1.5%	$123.94B-2.7%
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×
EV / sales	1.5×0.0×	1.5×0.0×	1.5×0.0×	1.5×0.0×	1.5×0.0×
Free cash flow yield	5.8%-1.4pp	7.2%-1.6pp	8.8%-0.6pp	9.4%-0.1pp	9.5%-1.4pp
Earnings yield	6.6%-1.3pp	7.8%+0.1pp	7.8%0.0pp	7.8%+0.1pp	7.7%+0.5pp

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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.