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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	104.9%+9.5pp	95.4%+8.3pp	87.2%+6.7pp	80.5%-41.1pp
Operating margin	44.9%+1.6pp	43.3%+4.1pp	39.2%+4.0pp	35.2%-21.9pp
Net margin	22.8%+0.6pp	22.2%+2.0pp	20.2%-0.2pp	20.4%-13.4pp
EBITDA margin	71.7%+4.9pp	66.8%+6.6pp	60.2%+5.3pp	54.8%-30.1pp
Free cash flow margin	25.7%-7.8pp	33.5%+1.8pp	31.7%+3.4pp	28.3%-27.4pp
Returns
Return on assets	14.8%-1.2pp	16%+0.7pp	15.3%-1.0pp	16.4%-2.9pp
Efficiency
Asset turnover	2.6×-0.3×	2.9×-0.1×	3×-0.2×	3.2×+0.9×
Inventory turnover	82.4×-20.1×	102.5×-9.3×	111.8×-16.6×	128.4×+35.9×
Liquidity
Current ratio	4.9×+0.4×	4.5×+0.4×	4.1×-0.4×	4.5×+0.7×
Quick ratio	3.9×+0.2×	3.7×+0.4×	3.3×-0.5×	3.8×+0.7×
Cash ratio	0.4×+0.2×	0.3×+0.1×	0.1×0.0×	0.2×0.0×
Leverage
Debt-to-assets	2×0.0×	1.9×+0.1×	1.8×0.0×	1.8×-0.1×
Net debt / EBITDA	17.1×+0.4×	16.6×+0.5×	16.2×-1.1×	17.3×+0.8×
Interest coverage	11×-1.3×	12.4×-0.6×	12.9×+0.1×	12.8×-0.9×
Valuation
Market capitalization	$240.02B+5.6%	$227.38B+35.1%	$168.28B+23.6%	$136.11B+33.5%
Enterprise value	$490.83B+7.3%	$457.52B+25.0%	$366.12B+10.7%	$330.72B+12.8%
Price / earnings	51.4×+1.9×	49.5×+8.3×	41.2×+8.6×	32.7×+10.5×
Price / sales	2.9×+0.2×	2.7×+0.7×	2.1×+0.4×	1.7×-0.2×
EV / EBITDA	33.4×+0.4×	33.1×+3.2×	29.9×+0.5×	29.4×+4.1×
EV / sales	6×+0.5×	5.5×+1.0×	4.5×+0.5×	4×-1.3×
Free cash flow yield	34.9%-14.3pp	49.2%-12.5pp	61.7%-6.9pp	68.6%-52.5pp
Earnings yield	31.1%-1.5pp	32.6%-6.9pp	39.5%-10.2pp	49.7%-24.4pp

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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.