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%+6.2pp	104.9%+9.5pp	104.2%+10.8pp	101.2%+9.2pp	98.2%+8.0pp
Operating margin	43.9%0.0pp	44.9%+1.6pp	45.4%+2.6pp	44.6%+2.5pp	44%+3.2pp
Net margin	21.5%-1.6pp	22.8%+0.6pp	23.4%+2.0pp	23.7%+3.6pp	23.2%+3.2pp
Efficiency
Asset turnover	2.6×-0.2×	2.6×-0.3×	2.7×-0.3×	2.7×-0.2×	2.8×-0.1×
Liquidity
Current ratio	4.9×+0.5×	4.9×+0.4×	4.8×+0.3×	4.5×0.0×	4.5×+0.3×
Leverage
Net debt / EBITDA	17.5×+0.7×	17.1×+0.4×	16.6×0.0×	16.8×+0.5×	16.8×+0.6×
Valuation
Market capitalization	$242.63B+1.3%	$240.02B+5.6%	$250.47B+21.9%	$245.67B+25.6%	$239.6B+32.5%
Price / earnings	53.6×+3.8×	51.4×+1.9×	52.6×+5.5×	50.4×+2.3×	49.9×+4.4×
Price / sales	2.9×0.0×	2.9×+0.2×	3.1×+0.6×	3×+0.6×	2.9×+0.6×
EV / EBITDA	33.8×0.0×	33.4×+0.4×	33.8×+1.9×	33.9×+2.5×	33.7×+3.1×

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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.