ET vs KNTK
Energy Transfer LP and Kinetik Holdings Inc., side by side — 9 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | ET | KNTK |
|---|---|---|
| Revenue | $85.5B | $1.8B |
| Net income | $4.4B | $178.3M |
| Gross margin | 25.8% | 55.5% |
| Net margin | 6.7% | 29.8% |
| Return on equity | — | — |
| Diluted EPS | — | $2.63 |
| Dividend / share | — | — |
| Payout ratio | — | 108.7% |
| Free cash flow | $3.8B | $111.6M |
| Equity | — | $-565.4M |
| Net debt / equity | — | — |
| Current ratio | 1.22× | 0.69× |
| Revenue CAGR 5y | 17.0% | 33.9% |
| Profit CAGR 5y | — | — |
ET bills 48.5× the revenue of KNTK, and KNTK keeps more of each dollar of revenue as profit (29.8% against 6.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
9 years side by side
| Fiscal year | ET | KNTK |
|---|---|---|
| FY2025 | $85.5B | $1.8B |
| FY2024 | $82.7B | $1.5B |
| FY2023 | $78.6B | $1.3B |
| FY2022 | $89.9B | $1.2B |
| FY2021 | $67.4B | $662.0M |
| FY2020 | $39.0B | $410.2M |
| FY2019 | $54.2B | $135.8M |
| FY2018 | $54.1B | $76.8M |
| FY2017 | $40.5B | $15.1M |
Net income by year
Bottom line
| Fiscal year | ET | KNTK |
|---|---|---|
| FY2025 | $4.4B | $178.3M |
| FY2024 | $4.8B | $80.0M |
| FY2023 | $3.9B | $289.4M |
| FY2022 | $4.8B | $250.7M |
| FY2021 | $5.5B | $1.5M |
| FY2020 | $-648.0M | $-1.2B |
| FY2019 | $3.5B | $-1.3B |
| FY2018 | $1.7B | $-239,000 |
| FY2017 | $954.0M | $-18.6M |