KPIs & Operating Metrics(New)
Growth Metrics

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

Energy Transfer filings provide 17 years of Net Margin readings, the most recent being 27.38% for Q4 2025.

  • On a quarterly basis, Net Margin rose 2222.0% to 27.38% in Q4 2025 year-over-year; TTM through Dec 2025 was 6.58%, a 127.0% increase, with the full-year FY2025 number at 4.88%, down 44.0% from a year prior.
  • Net Margin hit 27.38% in Q4 2025 for Energy Transfer, up from 4.81% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 27.38% in Q4 2025 to a low of 2.25% in Q3 2023.
  • Median Net Margin over the past 5 years was 5.14% (2024), compared with a mean of 6.64%.
  • Biggest five-year swings in Net Margin: soared 2667bps in 2021 and later tumbled -1366bps in 2022.
  • Energy Transfer's Net Margin stood at 4.4% in 2021, then increased by 16bps to 5.12% in 2022, then grew by 15bps to 5.86% in 2023, then dropped by -12bps to 5.16% in 2024, then surged by 431bps to 27.38% in 2025.
  • The last three reported values for Net Margin were 27.38% (Q4 2025), 4.81% (Q3 2025), and 5.67% (Q2 2025) per Business Quant data.