KPIs & Operating Metrics(New)
Growth Metrics

Energy Transfer (ET) Operating Margin (2016 - 2025)

Energy Transfer (ET) has disclosed Operating Margin for 17 consecutive years, with 228.13% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Margin fell 23979.0% year-over-year to 228.13%, compared with a TTM value of 15.22% through Dec 2025, up 417.0%, and an annual FY2025 reading of 259.84%, down 27090.0% over the prior year.
  • Operating Margin was 228.13% for Q4 2025 at Energy Transfer, down from 10.78% in the prior quarter.
  • Across five years, Operating Margin topped out at 23.94% in Q1 2021 and bottomed at 228.13% in Q4 2025.
  • Average Operating Margin over 5 years is 2.11%, with a median of 10.67% recorded in 2021.
  • The sharpest move saw Operating Margin surged 2342bps in 2021, then plummeted -23979bps in 2025.
  • Year by year, Operating Margin stood at 8.62% in 2021, then increased by 2bps to 8.81% in 2022, then increased by 20bps to 10.54% in 2023, then increased by 11bps to 11.66% in 2024, then crashed by -2056bps to 228.13% in 2025.
  • Business Quant data shows Operating Margin for ET at 228.13% in Q4 2025, 10.78% in Q3 2025, and 12.0% in Q2 2025.