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Side-by-side financial comparison of American Express (AXP) and Energy Transfer LP (ET). Click either name above to swap in a different company.
Energy Transfer LP is the larger business by last-quarter revenue ($25.3B vs $18.9B, roughly 1.3× American Express). American Express runs the higher net margin — 15.7% vs 4.9%, a 10.8% gap on every dollar of revenue. On growth, Energy Transfer LP posted the faster year-over-year revenue change (29.6% vs 11.4%). Over the past eight quarters, American Express's revenue compounded faster (38.8% CAGR vs 10.4%).
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products an...
Energy Transfer LP is an American company engaged in the pipeline transportation, storage, and terminaling for natural gas, crude oil, natural gas liquids (NGLs), refined products and liquid natural gas, as well as NGL fractionation. It is a publicly traded limited partnership organized under Delaware state laws and headquartered in Dallas, Texas. It was founded in 1996 by Ray Davis and Kelcy Warren, who remains Executive Chairman.
AXP vs ET — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2026
| Metric | | |
|---|---|---|
| Revenue | $18.9B | $25.3B |
| Net Profit | $3.0B | $1.2B |
| Gross Margin | — | — |
| Operating Margin | — | 8.2% |
| Net Margin | 15.7% | 4.9% |
| Revenue YoY | 11.4% | 29.6% |
| Net Profit YoY | 15.0% | -14.4% |
| EPS (diluted) | $4.28 | $0.25 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 26 | — | $25.3B | ||
| Q1 26 | $18.9B | $27.8B | ||
| Q4 25 | $10.9B | $25.3B | ||
| Q3 25 | $10.4B | $20.0B | ||
| Q2 25 | $10.3B | $19.2B | ||
| Q1 25 | $9.6B | $21.0B | ||
| Q4 24 | $10.0B | $19.5B | ||
| Q3 24 | $9.7B | $20.8B |
| Q4 26 | — | $1.2B | ||
| Q1 26 | $3.0B | $2.0B | ||
| Q4 25 | $2.5B | $928.0M | ||
| Q3 25 | $2.9B | $1.0B | ||
| Q2 25 | $2.9B | $1.2B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $2.5B | $1.2B |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 23.3% | ||
| Q3 25 | — | 27.0% | ||
| Q2 25 | — | 27.5% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 27.6% | ||
| Q3 24 | — | 24.8% |
| Q4 26 | — | 8.2% | ||
| Q1 26 | — | 10.7% | ||
| Q4 25 | 28.2% | 8.2% | ||
| Q3 25 | 36.7% | 10.8% | ||
| Q2 25 | 34.4% | 12.0% | ||
| Q1 25 | 34.6% | 11.9% | ||
| Q4 24 | 27.7% | 11.7% | ||
| Q3 24 | 33.0% | 10.5% |
| Q4 26 | — | 4.9% | ||
| Q1 26 | 15.7% | 7.1% | ||
| Q4 25 | 22.5% | 3.7% | ||
| Q3 25 | 27.9% | 5.1% | ||
| Q2 25 | 28.0% | 6.0% | ||
| Q1 25 | 26.8% | 6.3% | ||
| Q4 24 | 21.8% | 5.5% | ||
| Q3 24 | 25.8% | 5.7% |
| Q4 26 | — | $0.25 | ||
| Q1 26 | $4.28 | $0.35 | ||
| Q4 25 | $3.52 | — | ||
| Q3 25 | $4.14 | — | ||
| Q2 25 | $4.08 | — | ||
| Q1 25 | $3.64 | — | ||
| Q4 24 | $3.04 | — | ||
| Q3 24 | $3.49 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $60.4M | $68.3B |
| Stockholders' EquityBook value | $34.0M | $49.0B |
| Total Assets | $308.9M | $141.3B |
| Debt / EquityLower = less leverage | 1.78× | 1.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $1.3B | ||
| Q3 25 | $1.3B | $3.6B | ||
| Q2 25 | $197.0M | $242.0M | ||
| Q1 25 | $261.0M | — | ||
| Q4 24 | $221.0M | $312.0M | ||
| Q3 24 | $120.0M | — |
| Q4 26 | — | $68.3B | ||
| Q1 26 | $60.4M | $69.3B | ||
| Q4 25 | $56.4B | $68.3B | ||
| Q3 25 | $57.8B | $63.1B | ||
| Q2 25 | $58.2B | $60.8B | ||
| Q1 25 | $51.2B | $59.8B | ||
| Q4 24 | $49.7B | $59.8B | ||
| Q3 24 | $53.5B | $59.3B |
| Q4 26 | — | $49.0B | ||
| Q1 26 | $34.0M | $49.7B | ||
| Q4 25 | $33.5B | $49.0B | ||
| Q3 25 | $32.4B | $45.3B | ||
| Q2 25 | $32.3B | $45.5B | ||
| Q1 25 | $31.2B | $46.2B | ||
| Q4 24 | $30.3B | $46.0B | ||
| Q3 24 | $29.7B | $46.2B |
| Q4 26 | — | $141.3B | ||
| Q1 26 | $308.9M | $147.5B | ||
| Q4 25 | $300.1B | $141.3B | ||
| Q3 25 | $297.6B | $129.3B | ||
| Q2 25 | $295.6B | $125.0B | ||
| Q1 25 | $282.2B | $126.4B | ||
| Q4 24 | $271.5B | $125.4B | ||
| Q3 24 | $271.0B | $124.4B |
| Q4 26 | — | 1.39× | ||
| Q1 26 | 1.78× | 1.39× | ||
| Q4 25 | 1.68× | 1.39× | ||
| Q3 25 | 1.78× | 1.39× | ||
| Q2 25 | 1.80× | 1.33× | ||
| Q1 25 | 1.64× | 1.30× | ||
| Q4 24 | 1.64× | 1.30× | ||
| Q3 24 | 1.80× | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
