Energy Transfer Lp
$141.12B- Market cap
- $74.03B
- Debt
- +$68.36B
- Cash
- −$1.27B
Capital structure 52% equity / 48% debt · EV / Revenue 1.65x · EV / EBITDA 8.26x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: ET stock price at discount vs U $21.50 current versus $246.29 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at U's multiple
Implied fair value · at ET's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ET FY 2025 (ended Dec 31, 2025) · U FY 2025 (ended Dec 31, 2025).
Trendline
Ten fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 52% equity / 48% debt · EV / Revenue 1.65x · EV / EBITDA 8.26x
Capital structure 87% equity / 13% debt · EV / Revenue 10.30x · EV / EBITDA 451.23x
ET carries the larger enterprise value at $141.12B against $19.05B; ET trades on the lower EV / Revenue multiple (1.65x vs 10.30x); ET on the lower EV / EBITDA (8.26x vs 451.23x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
ENERGY TRANSFER LP · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
UNITY SOFTWARE INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.39x
0.86x
Net debt / EBITDA
Leverage against operating earnings
3.93x
16.88x
Cash and equivalents
Liquid reserves on the balance sheet
$1.27B
$2.06B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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