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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	104.3%-0.6pp	104.9%+0.7pp	104.2%+3.0pp	101.2%+3.0pp	98.2%+2.7pp
Operating margin	43.9%-1.0pp	44.9%-0.5pp	45.4%+0.8pp	44.6%+0.6pp	44%+0.7pp
Net margin	21.5%-1.2pp	22.8%-0.6pp	23.4%-0.3pp	23.7%+0.6pp	23.2%+1.0pp
EBITDA margin	70.7%-1.0pp	71.7%-0.1pp	71.8%+1.8pp	70%+1.7pp	68.2%+1.5pp
Free cash flow margin	22.5%-3.2pp	25.7%-4.1pp	29.8%-1.6pp	31.5%-0.9pp	32.4%-1.1pp
Returns
Return on assets	14%-0.9pp	14.8%-0.7pp	15.5%-0.8pp	16.3%-0.1pp	16.4%+0.4pp
Efficiency
Asset turnover	2.6×0.0×	2.6×-0.1×	2.7×-0.1×	2.7×-0.1×	2.8×-0.1×
Inventory turnover	76.8×-5.5×	82.4×-6.1×	88.5×-4.8×	93.3×-4.3×	97.6×-4.9×
Liquidity
Current ratio	4.9×0.0×	4.9×+0.1×	4.8×+0.3×	4.5×0.0×	4.5×-0.1×
Quick ratio	3.9×0.0×	3.9×0.0×	3.9×+0.3×	3.6×0.0×	3.6×-0.1×
Cash ratio	0.4×0.0×	0.4×+0.1×	0.4×+0.3×	0.1×0.0×	0.1×-0.1×
Leverage
Debt-to-assets	2×0.0×	2×0.0×	2×0.0×	1.9×0.0×	1.9×0.0×
Net debt / EBITDA	17.5×+0.4×	17.1×+0.5×	16.6×-0.2×	16.8×0.0×	16.8×+0.2×
Interest coverage	10.8×-0.2×	11×-0.3×	11.3×-0.3×	11.6×-0.4×	12×-0.3×
Valuation
Market capitalization	$242.63B+1.1%	$240.02B-4.2%	$250.47B+2.0%	$245.67B+2.5%	$239.6B+5.4%
Enterprise value	$503.45B+2.6%	$490.83B-0.4%	$492.67B+1.1%	$487.23B+2.0%	$477.6B+4.4%
Price / earnings	53.6×+2.2×	51.4×-1.2×	52.6×+2.2×	50.4×+0.6×	49.9×+0.3×
Price / sales	2.9×-0.1×	2.9×-0.1×	3.1×+0.1×	3×+0.1×	2.9×+0.1×
EV / EBITDA	33.8×+0.3×	33.4×-0.4×	33.8×-0.1×	33.9×+0.2×	33.7×+0.7×
EV / sales	6×0.0×	6×-0.1×	6.1×+0.1×	5.9×+0.2×	5.8×+0.2×
Free cash flow yield	31.2%-3.7pp	34.9%-3.8pp	38.6%-3.8pp	42.4%-2.9pp	45.3%-3.9pp
Earnings yield	30%-1.1pp	31.1%+0.7pp	30.5%-1.6pp	32%-0.4pp	32.4%-0.2pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Energy Transfer.

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.