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
EBITDA margin	16.7%-1.0pp	17.2%-0.1pp	18.6%+1.8pp	18.3%+1.7pp	17.7%+1.5pp
Free cash flow margin	4.2%-3.2pp	4.8%-4.1pp	6.5%-1.6pp	7.1%-0.9pp	7.4%-1.1pp
Returns
Return on assets	3.2%-0.9pp	3.3%-0.7pp	3.6%-0.8pp	3.9%-0.1pp	4%+0.4pp
Efficiency
Asset turnover	0.7×0.0×	0.6×-0.1×	0.6×-0.1×	0.7×-0.1×	0.7×-0.1×
Inventory turnover	18.6×-5.5×	16.2×-6.1×	20.2×-4.8×	21.9×-4.3×	24.1×-4.9×
Liquidity
Current ratio	1.2×0.0×	1.2×+0.1×	1.4×+0.3×	1.2×0.0×	1.1×-0.1×
Quick ratio	0.9×0.0×	0.9×0.0×	1.1×+0.3×	0.9×0.0×	0.9×-0.1×
Cash ratio	0×0.0×	0.1×+0.1×	0.3×+0.3×	0×0.0×	0×-0.1×
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×+0.4×	4.7×+0.5×	4.1×-0.2×	4.2×0.0×	4.1×+0.2×
Interest coverage	2.6×-0.2×	2.6×-0.3×	2.7×-0.3×	2.8×-0.4×	2.9×-0.3×
Valuation
Market capitalization	$66.4B+4.1%	$56.62B-15.6%	$58.9B+8.9%	$60.71B+11.1%	$63.79B+23.7%
Enterprise value	$136.55B+10.2%	$125.55B-1.4%	$119.3B+4.8%	$122.04B+8.6%	$123.94B+19.3%
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×
EV / sales	1.5×0.0×	1.5×-0.1×	1.5×+0.1×	1.5×+0.2×	1.5×+0.2×
Free cash flow yield	5.8%-3.7pp	7.2%-3.8pp	8.8%-3.8pp	9.4%-2.9pp	9.5%-3.9pp
Earnings yield	6.6%-1.1pp	7.8%+0.7pp	7.8%-1.6pp	7.8%-0.4pp	7.7%-0.2pp

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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.