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Stock Comparison

EQNR vs EC

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
EQNR
Equinor ASA

Oil & Gas Integrated

EnergyNYSE • NO
Market Cap$103.25B
5Y Perf.+183.5%
EC
Ecopetrol S.A.

Oil & Gas Integrated

EnergyNYSE • CO
Market Cap$29.19B
5Y Perf.+36.4%

EQNR vs EC — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
EQNR logoEQNR
EC logoEC
IndustryOil & Gas IntegratedOil & Gas Integrated
Market Cap$103.25B$29.19B
Revenue (TTM)$106.16B$119.34T
Net Income (TTM)$5.04B$8.99T
Gross Margin33.7%31.4%
Operating Margin25.7%22.3%
Forward P/E8.7x0.0x
Total Debt$33.44B$109.08T
Cash & Equiv.$5.04B$10.68T

EQNR vs ECLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

EQNR
EC
StockMay 20May 26Return
Equinor ASA (EQNR)100283.5+183.5%
Ecopetrol S.A. (EC)100136.4+36.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: EQNR vs EC

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: EC leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Equinor ASA is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
EQNR
Equinor ASA
The Growth Play

EQNR is the clearest fit if your priority is growth exposure and long-term compounding.

  • Rev growth 3.6%, EPS growth -37.3%, 3Y rev CAGR -10.7%
  • 239.6% 10Y total return vs EC's 183.9%
  • Lower volatility, beta -0.43, Low D/E 82.6%, current ratio 1.24x
Best for: growth exposure and long-term compounding
EC
Ecopetrol S.A.
The Income Pick

EC carries the broadest edge in this set and is the clearest fit for income & stability and defensive.

  • Dividend streak 0 yrs, beta 0.03, yield 10.1%
  • Beta 0.03, yield 10.1%, current ratio 1.55x
  • Lower P/E (0.0x vs 8.7x)
Best for: income & stability and defensive
See the full category breakdown
CategoryWinnerWhy
GrowthEQNR logoEQNR3.6% revenue growth vs EC's -16.4%
ValueEC logoECLower P/E (0.0x vs 8.7x)
Quality / MarginsEC logoEC7.5% margin vs EQNR's 4.7%
Stability / SafetyEQNR logoEQNRLower D/E ratio (82.6% vs 100.0%)
DividendsEC logoEC10.1% yield, vs EQNR's 4.5%
Momentum (1Y)EC logoEC+95.2% vs EQNR's +85.5%
Efficiency (ROA)EQNR logoEQNR3.8% ROA vs EC's 3.1%, ROIC 30.7% vs 8.8%

EQNR vs EC — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

EQNREquinor ASA
FY 2023
Crude Oil
47.0%$56.9B
Natural gas
21.8%$26.4B
Natural gas liquids
19.2%$23.2B
Refined products
8.3%$10.1B
Other products
2.5%$3.0B
Trasnsportation
1.2%$1.4B
ECEcopetrol S.A.
FY 2024
Crude oil
100.0%$48.81T

EQNR vs EC — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLEQNRLAGGINGEC

Income & Cash Flow (Last 12 Months)

EQNR leads this category, winning 4 of 6 comparable metrics.

EC is the larger business by revenue, generating $119.34T annually — 1124.2x EQNR's $106.2B. Profitability is closely matched — net margins range from 7.5% (EC) to 4.7% (EQNR). On growth, EQNR holds the edge at -3.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricEQNR logoEQNREquinor ASAEC logoECEcopetrol S.A.
RevenueTrailing 12 months$106.2B$119.34T
EBITDAEarnings before interest/tax$37.2B$38.59T
Net IncomeAfter-tax profit$5.0B$8.99T
Free Cash FlowCash after capex$6.0B$16.05T
Gross MarginGross profit ÷ Revenue+33.7%+31.4%
Operating MarginEBIT ÷ Revenue+25.7%+22.3%
Net MarginNet income ÷ Revenue+4.7%+7.5%
FCF MarginFCF ÷ Revenue+5.6%+13.5%
Rev. Growth (YoY)Latest quarter vs prior year-3.4%-18.2%
EPS Growth (YoY)Latest quarter vs prior year-28.8%-62.2%
EQNR leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

EC leads this category, winning 5 of 6 comparable metrics.

At 12.9x trailing earnings, EC trades at a 39% valuation discount to EQNR's 21.2x P/E. On an enterprise value basis, EQNR's 3.5x EV/EBITDA is more attractive than EC's 5.3x.

MetricEQNR logoEQNREquinor ASAEC logoECEcopetrol S.A.
Market CapShares × price$103.2B$29.2B
Enterprise ValueMkt cap + debt − cash$131.7B$55.7B
Trailing P/EPrice ÷ TTM EPS21.21x12.93x
Forward P/EPrice ÷ next-FY EPS est.8.74x0.00x
PEG RatioP/E ÷ EPS growth rate0.34x
EV / EBITDAEnterprise value multiple3.54x5.26x
Price / SalesMarket cap ÷ Revenue0.97x0.97x
Price / BookPrice ÷ Book value/share2.66x0.99x
Price / FCFMarket cap ÷ FCF17.22x6.69x
EC leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

EQNR leads this category, winning 8 of 9 comparable metrics.

EQNR delivers a 12.4% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $8 for EC. EQNR carries lower financial leverage with a 0.83x debt-to-equity ratio, signaling a more conservative balance sheet compared to EC's 1.00x. On the Piotroski fundamental quality scale (0–9), EC scores 6/9 vs EQNR's 5/9, reflecting solid financial health.

MetricEQNR logoEQNREquinor ASAEC logoECEcopetrol S.A.
ROE (TTM)Return on equity+12.4%+8.5%
ROA (TTM)Return on assets+3.8%+3.1%
ROICReturn on invested capital+30.7%+8.8%
ROCEReturn on capital employed+27.8%+9.7%
Piotroski ScoreFundamental quality 0–956
Debt / EquityFinancial leverage0.83x1.00x
Net DebtTotal debt minus cash$28.4B$98.40T
Cash & Equiv.Liquid assets$5.0B$10.68T
Total DebtShort + long-term debt$33.4B$109.08T
Interest CoverageEBIT ÷ Interest expense18.46x4.07x
EQNR leads this category, winning 8 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — EQNR and EC each lead in 3 of 6 comparable metrics.

A $10,000 investment in EQNR five years ago would be worth $24,914 today (with dividends reinvested), compared to $19,173 for EC. Over the past 12 months, EC leads with a +95.2% total return vs EQNR's +85.5%. The 3-year compound annual growth rate (CAGR) favors EC at 28.7% vs EQNR's 18.6% — a key indicator of consistent wealth creation.

MetricEQNR logoEQNREquinor ASAEC logoECEcopetrol S.A.
YTD ReturnYear-to-date+70.0%+45.4%
1-Year ReturnPast 12 months+85.5%+95.2%
3-Year ReturnCumulative with dividends+66.7%+113.0%
5-Year ReturnCumulative with dividends+149.1%+91.7%
10-Year ReturnCumulative with dividends+239.6%+183.9%
CAGR (3Y)Annualised 3-year return+18.6%+28.7%
Evenly matched — EQNR and EC each lead in 3 of 6 comparable metrics.

Risk & Volatility

EQNR leads this category, winning 2 of 2 comparable metrics.

EQNR is the less volatile stock with a -0.43 beta — it tends to amplify market swings less than EC's 0.03 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. EQNR currently trades 95.2% from its 52-week high vs EC's 90.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricEQNR logoEQNREquinor ASAEC logoECEcopetrol S.A.
Beta (5Y)Sensitivity to S&P 500-0.43x0.03x
52-Week HighHighest price in past year$43.46$15.62
52-Week LowLowest price in past year$22.26$7.80
% of 52W HighCurrent price vs 52-week peak+95.2%+90.9%
RSI (14)Momentum oscillator 0–10061.250.9
Avg Volume (50D)Average daily shares traded7.8M3.3M
EQNR leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

EC leads this category, winning 1 of 1 comparable metric.

Wall Street rates EQNR as "Hold" and EC as "Hold". Consensus price targets imply -11.8% upside for EQNR (target: $37) vs -27.1% for EC (target: $10). For income investors, EC offers the higher dividend yield at 10.09% vs EQNR's 4.47%.

MetricEQNR logoEQNREquinor ASAEC logoECEcopetrol S.A.
Analyst RatingConsensus buy/hold/sellHoldHold
Price TargetConsensus 12-month target$36.50$10.35
# AnalystsCovering analysts2311
Dividend YieldAnnual dividend ÷ price+4.5%+10.1%
Dividend StreakConsecutive years of raises00
Dividend / ShareAnnual DPS$1.85$5317.20
Buyback YieldShare repurchases ÷ mkt cap+5.7%+0.0%
EC leads this category, winning 1 of 1 comparable metric.
Key Takeaway

EQNR leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). EC leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.

Best OverallEquinor ASA (EQNR)Leads 3 of 6 categories
Loading custom metrics...

EQNR vs EC: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is EQNR or EC a better buy right now?

For growth investors, Equinor ASA (EQNR) is the stronger pick with 3.

6% revenue growth year-over-year, versus -16. 4% for Ecopetrol S. A. (EC). Ecopetrol S. A. (EC) offers the better valuation at 12. 9x trailing P/E (0. 0x forward), making it the more compelling value choice. Analysts rate Equinor ASA (EQNR) a "Hold" — based on 23 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — EQNR or EC?

On trailing P/E, Ecopetrol S.

A. (EC) is the cheapest at 12. 9x versus Equinor ASA at 21. 2x. On forward P/E, Ecopetrol S. A. is actually cheaper at 0. 0x.

03

Which is the better long-term investment — EQNR or EC?

Over the past 5 years, Equinor ASA (EQNR) delivered a total return of +149.

1%, compared to +91. 7% for Ecopetrol S. A. (EC). Over 10 years, the gap is even starker: EQNR returned +239. 6% versus EC's +183. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — EQNR or EC?

By beta (market sensitivity over 5 years), Equinor ASA (EQNR) is the lower-risk stock at -0.

43β versus Ecopetrol S. A. 's 0. 03β — meaning EC is approximately -106% more volatile than EQNR relative to the S&P 500. On balance sheet safety, Equinor ASA (EQNR) carries a lower debt/equity ratio of 83% versus 100% for Ecopetrol S. A. — giving it more financial flexibility in a downturn.

05

Which is growing faster — EQNR or EC?

By revenue growth (latest reported year), Equinor ASA (EQNR) is pulling ahead at 3.

6% versus -16. 4% for Ecopetrol S. A. (EC). On earnings-per-share growth, the picture is similar: Equinor ASA grew EPS -37. 3% year-over-year, compared to -39. 5% for Ecopetrol S. A.. Over a 3-year CAGR, EQNR leads at -10. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — EQNR or EC?

Ecopetrol S.

A. (EC) is the more profitable company, earning 7. 5% net margin versus 4. 8% for Equinor ASA — meaning it keeps 7. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: EQNR leads at 25. 7% versus 22. 3% for EC. At the gross margin level — before operating expenses — EC leads at 31. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is EQNR or EC more undervalued right now?

On forward earnings alone, Ecopetrol S.

A. (EC) trades at 0. 0x forward P/E versus 8. 7x for Equinor ASA — 8. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EQNR: -11. 8% to $36. 50.

08

Which pays a better dividend — EQNR or EC?

All stocks in this comparison pay dividends.

Ecopetrol S. A. (EC) offers the highest yield at 10. 1%, versus 4. 5% for Equinor ASA (EQNR).

09

Is EQNR or EC better for a retirement portfolio?

For long-horizon retirement investors, Equinor ASA (EQNR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.

43), 4. 5% yield, +239. 6% 10Y return). Both have compounded well over 10 years (EQNR: +239. 6%, EC: +183. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between EQNR and EC?

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: EQNR is a mid-cap income-oriented stock; EC is a mid-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

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Stocks Like

EQNR

Income & Dividend Stock

  • Sector: Energy
  • Market Cap > $100B
  • Gross Margin > 20%
  • Dividend Yield > 1.7%
Run This Screen
Stocks Like

EC

Income & Dividend Stock

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 5%
  • Dividend Yield > 4.0%
Run This Screen
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Beat Both

Find stocks that outperform EQNR and EC on the metrics below

Revenue Growth>
%
(EQNR: -3.4% · EC: -18.2%)
Net Margin>
%
(EQNR: 4.7% · EC: 7.5%)
P/E Ratio<
x
(EQNR: 21.2x · EC: 12.9x)

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