Energy Transfer (ET) FCF Margin (2016 - 2026)

Energy Transfer filings provide 16 years of FCF Margin readings, the most recent being 7.1% for Q4 2025.

On a quarterly basis, FCF Margin fell 1282.0% to 7.1% in Q4 2025 year-over-year; TTM through Dec 2025 was 6.07%, a 281.0% decrease, with the full-year FY2025 number at 4.5%, down 438.0% from a year prior.
FCF Margin hit 7.1% in Q4 2025 for Energy Transfer, down from 6.39% in the prior quarter.
In the past five years, FCF Margin ranged from a high of 26.23% in Q1 2021 to a low of 7.1% in Q4 2025.
Median FCF Margin over the past 5 years was 7.98% (2022), compared with a mean of 7.8%.
Biggest five-year swings in FCF Margin: skyrocketed 2445bps in 2021 and later tumbled -1833bps in 2022.
Energy Transfer's FCF Margin stood at 5.16% in 2021, then plummeted by -57bps to 2.2% in 2022, then soared by 31bps to 2.88% in 2023, then skyrocketed by 98bps to 5.72% in 2024, then tumbled by -224bps to 7.1% in 2025.
The last three reported values for FCF Margin were 7.1% (Q4 2025), 6.39% (Q3 2025), and 5.73% (Q2 2025) per Business Quant data.

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