Equinor ASA(EQNR)Earnings, Financials & Key Ratios
EQNR•NYSE
16.6× P/E·Price updated Jun 19, 2026
AboutEquinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops wind, and carbon capture and storage projects, as well as offers other renewable energy. As of December 31, 2021, the company had proved oil and gas reserves of 5,356 million barrels of oil equivalent. Equinor ASA has collaboration agreements with Vårgrønn; and RWE Renewables and Hydro REIN. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.Show more
- Revenue$106.16B+3.6%
- EBITDA$37.15B-9.0%
- Net Income$5.06B-42.6%
- EPS (Diluted)1.95-37.3%
- Gross Margin26.84%-35.5%
- EBITDA Margin35%-12.1%
- Operating Margin25.7%-14.8%
- Net Margin4.77%-44.5%
- ROE12.21%-37.0%
EQNR Key Insights
Equinor ASA (EQNR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 18.3%
- ✓Good 3Y average ROE of 18.3%
- ✓Healthy dividend yield of 5.7%
- ✓Share count reduced 8.0% through buybacks
- ✓Healthy 5Y average net margin of 10.7%
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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EQNR Price & Volume
Equinor ASA (EQNR) stock price & volume — 10-year historical chart
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EQNR Growth Metrics
Equinor ASA (EQNR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.3%
5 Years18.33%
3 Years-10.69%
TTM-2.41%
Profit CAGR
10 Years-
5 Years-
3 Years-43.96%
TTM-37.03%
EPS CAGR
10 Years-
5 Years-
3 Years-40%
TTM-30.35%
Return on Capital
10 Years23.46%
5 Years38.6%
3 Years30.17%
Last Year27.81%
EQNR Recent Earnings
Equinor ASA (EQNR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$1.48+46.5%
$1.01
Rev
$27.8B-3.1%
$28.7B
Q1 2026
Feb 4, 2026Metric
Actual
Est
EPS
$0.81+35.0%
$0.60
Rev
$25.3B+14.7%
$22.1B
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.37-35.1%
$0.57
Rev
$26.0B+21.8%
$21.4B
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$0.64-3.0%
$0.66
Rev
$25.3B+8.7%
$23.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $1.48vs $1.01+46.5% | $27.8Bvs $28.7B-3.1% |
| Q1 2026 | Feb 4, 2026 | $0.81vs $0.60+35.0% | $25.3Bvs $22.1B+14.7% |
| Q4 2025 | Oct 29, 2025 | $0.37vs $0.57-35.1% | $26.0Bvs $21.4B+21.8% |
| Q3 2025 | Jul 23, 2025 | $0.64vs $0.66-3.0% | $25.3Bvs $23.3B+8.7% |
Based on last 12 quarters of dataView full earnings history →
EQNR Peer Comparison
Equinor ASA (EQNR) competitors in Integrated gas and LNG value chain — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BP | 102.06B | 39.10 | 1916.67 | 0.08% | 1.65% | 4.16% | 1.14 | |
 SHEL | 222.18B | 78.81 | 13.09 | -6.13% | 7.01% | 10.53% | 0.60 | |
 TTE | 179.12B | 80.43 | 13.92 | -6.78% | 8.19% | 12.56% | 0.52 | |
 E | 71.98B | 48.95 | 28.35 | -11.14% | 3.3% | 4.82% | 0.73 | |
 EC | 34.09B | 16.58 | 14.06 | -16.39% | 7.5% | 8.18% | 1.00 | |
 XOM | 584.04B | 137.81 | 20.57 | -4.52% | 8.91% | 10.74% | 0.16 | |
 CVX | 346.46B | 173.63 | 26.19 | -4.64% | 6.67% | 7.18% | 0.24 | |
 COP | 131.32B | 107.74 | 16.97 | 7.51% | 12.56% | 11.29% | 0.36 |
Compare EQNR vs Peers
Equinor ASA (EQNR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
EQNR Income Statement
Equinor ASA (EQNR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 60.97B | 78.77B | 62.91B | 45.75B | 88.74B | 149B | 106.85B | 102.5B | 106.16B | 104.23B |
Revenue Growth % | 33.45% | 29.19% | -20.13% | -27.27% | 93.96% | 67.9% | -28.29% | -4.07% | 3.56% | -2.41% |
Cost of Goods Sold | 47.88B | 59.47B | 42.74B | 36.22B | 46.88B | 60.2B | 58.81B | 59.88B | 77.66B | 67.77B |
COGS % of Revenue | 78.52% | 75.5% | 67.93% | 79.17% | 52.83% | 40.4% | 55.04% | 58.41% | 73.16% | - |
Gross Profit | 13.09B▲ 0% | 19.3B▲ 47.4% | 20.18B▲ 4.5% | 9.53B▼ 52.8% | 41.87B▲ 339.2% | 88.81B▲ 112.1% | 48.04B▼ 45.9% | 42.63B▼ 11.3% | 28.5B▼ 33.2% | 36.46B▲ 0% |
Gross Margin % | 21.48% | 24.5% | 32.07% | 20.83% | 47.17% | 59.6% | 44.96% | 41.59% | 26.84% | 34.98% |
Gross Profit Growth % | 417.55% | 47.37% | 4.55% | -52.75% | 339.2% | 112.13% | -45.91% | -11.27% | -33.15% | - |
Operating Expenses | 738M | 758M | 10.88B | 12.96B | 8.2B | 10B | 12.27B | 11.7B | 1.21B | 10.61B |
OpEx % of Revenue | 1.21% | 0.96% | 17.29% | 28.32% | 9.24% | 6.71% | 11.48% | 11.41% | 1.14% | - |
Selling, General & Admin | 431M | 443M | 809M | 706M | 780M | 986M | 1.22B | 1.25B | 1.21B | 1.19B |
SG&A % of Revenue | 0.71% | 0.56% | 1.29% | 1.54% | 0.88% | 0.66% | 1.14% | 1.22% | 1.14% | - |
Research & Development | 307M | 315M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | 0.5% | 0.4% | - | - | - | - | - | - | - | - |
Other Operating Expenses | 10.21B | 10.65B | 10.07B | 12.25B | 7.42B | 9.01B | 11.05B | 10.45B | 0 | 3M |
Operating Income | 12.36B▲ 0% | 18.54B▲ 50.0% | 9.3B▼ 49.8% | -3.42B▼ 136.8% | 33.66B▲ 1083.4% | 78.81B▲ 134.1% | 35.77B▼ 54.6% | 30.93B▼ 13.5% | 27.28B▼ 11.8% | 25.85B▲ 0% |
Operating Margin % | 20.27% | 23.54% | 14.78% | -7.48% | 37.93% | 52.89% | 33.48% | 30.17% | 25.7% | 24.8% |
Operating Income Growth % | 598.87% | 50.04% | -49.84% | -136.81% | 1083.44% | 134.12% | -54.61% | -13.54% | -11.78% | - |
EBITDA | 22.47B | 28.85B | 22.5B | 11.81B | 45.38B | 85.54B | 46.35B | 40.83B | 37.15B | 37.84B |
EBITDA Margin % | 36.85% | 36.63% | 35.77% | 25.82% | 51.14% | 57.41% | 43.38% | 39.84% | 35% | 36.3% |
EBITDA Growth % | 80.68% | 28.41% | -22.01% | -47.51% | 284.2% | 88.5% | -45.82% | -11.9% | -9.02% | -9.83% |
D&A (Non-Cash Add-back) | 10.11B | 10.31B | 13.2B | 15.23B | 11.72B | 6.73B | 10.58B | 9.91B | 9.87B | 11.99B |
EBIT | 13.72B | 19.16B | 10.29B | -3.28B | 32.35B | 79.53B | 39.01B | 32.04B | 26.59B | 27.37B |
Net Interest Income | -174M | -374M | -568M | -759M | -657M | 200M | 1.11B | 744M | -261.81M | -335.81M |
Interest Income | 316M | 204M | 425M | 221M | 112M | 1.13B | 2.23B | 1.8B | 1.18B | 1.21B |
Interest Expense | 490M | 578M | 993M | 980M | 769M | 929M | 1.12B | 1.06B | 1.44B | 1.55B |
Other Income/Expense | 1.06B | 335M | -7M | -836M | -2.08B | -207M | 2.11B | 59M | -2.12B | 82.36M |
Pretax Income | 13.42B▲ 0% | 18.87B▲ 40.6% | 9.29B▼ 50.8% | -4.26B▼ 145.8% | 31.58B▲ 841.6% | 78.6B▲ 148.9% | 37.88B▼ 51.8% | 30.99B▼ 18.2% | 25.17B▼ 18.8% | 25.93B▲ 0% |
Pretax Margin % | 22.01% | 23.96% | 14.77% | -9.31% | 35.59% | 52.75% | 35.46% | 30.23% | 23.71% | 24.88% |
Income Tax | 8.82B | 11.34B | 7.44B | 1.24B | 23.01B | 49.86B | 25.98B | 22.16B | 20.09B | 20.4B |
Effective Tax Rate % | 65.74% | 60.06% | 80.08% | -29.04% | 72.85% | 63.43% | 68.58% | 71.51% | 79.84% | 78.67% |
Net Income | 4.59B▲ 0% | 7.54B▲ 64.2% | 1.84B▼ 75.5% | -5.51B▼ 399.0% | 8.56B▲ 255.4% | 28.75B▲ 235.7% | 11.88B▼ 58.7% | 8.81B▼ 25.9% | 5.06B▼ 42.6% | 5.52B▲ 0% |
Net Margin % | 7.53% | 9.57% | 2.93% | -12.04% | 9.65% | 19.29% | 11.12% | 8.59% | 4.77% | 5.3% |
Net Income Growth % | 257.08% | 64.16% | -75.54% | -398.97% | 255.41% | 235.7% | -58.66% | -25.91% | -42.55% | -37.03% |
Net Income (Continuing) | 4.6B | 7.54B | 1.85B | -5.5B | 8.58B | 28.74B | 11.9B | 8.83B | 5.07B | 5.53B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 24M | 19M | 20M | 19M | 14M | 1M | 10M | 38M | 74M | 71M |
EPS (Diluted) | 1.40▲ 0% | 2.27▲ 62.1% | 0.55▼ 75.8% | -1.68▼ 405.5% | 2.63▲ 256.5% | 9.03▲ 243.3% | 3.93▼ 56.5% | 3.11▼ 20.9% | 1.95▼ 37.3% | 2.21▲ 0% |
EPS Growth % | 253.85% | 62.14% | -75.77% | -405.45% | 256.55% | 243.35% | -56.48% | -20.87% | -37.3% | -30.35% |
EPS (Basic) | 1.40 | 2.27 | 0.55 | -1.68 | 2.64 | 9.06 | 3.93 | 3.12 | 1.95 | - |
Diluted Shares Outstanding | 3.27B | 3.33B | 3.33B | 3.27B | 3.25B | 3.18B | 3.03B | 2.83B | 2.6B | 2.5B |
Basic Shares Outstanding | 3.27B | 3.33B | 3.33B | 3.27B | 3.25B | 3.17B | 3.02B | 2.82B | 2.59B | 2.5B |
Dividend Payout Ratio | 32.48% | 35.46% | 181.33% | - | 20.99% | 8.69% | 28.04% | 97.41% | 95% | - |
EQNR Balance Sheet
Equinor ASA (EQNR) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 27.19B | 26.06B | 24.78B | 30.82B | 62.5B | 78.17B | 60.99B | 53.19B | 38.03B | 45.91B |
Cash & Short-Term Investments | 12.84B | 14.6B | 12.6B | 18.62B | 33.28B | 39.31B | 38.87B | 23.45B | 19.33B | 20.1B |
Cash Only | 4.39B | 7.56B | 5.18B | 3.14B | 12.03B | 9.44B | 9.64B | 8.12B | 5.04B | 5.88B |
Short-Term Investments | 8.45B | 7.04B | 7.43B | 15.48B | 21.25B | 29.88B | 29.22B | 15.34B | 14.3B | 14.21B |
Accounts Receivable | 9.43B | 9B | 8.23B | 8.23B | 17.93B | 22.45B | 16.93B | 17.46B | 10.82B | 17.91B |
Days Sales Outstanding | 56.42 | 41.69 | 47.77 | 65.67 | 73.74 | 55 | 57.84 | 62.16 | 37.2 | 44.35 |
Inventory | 3.4B | 2.14B | 3.36B | 3.08B | 3.4B | 5.21B | 3.81B | 4.03B | 3.33B | 4.24B |
Days Inventory Outstanding | 25.91 | 13.16 | 28.72 | 31.08 | 26.43 | 31.56 | 23.67 | 24.57 | 15.65 | 20.38 |
Other Current Assets | 1.97B | 318M | 578M | 886M | 7.9B | 11.2B | 1.38B | 8.25B | 4.55B | 3.66B |
Total Non-Current Assets | 83.91B | 86.45B | 95.08B | 93.98B | 84.62B | 79.85B | 82.59B | 77.95B | 93.69B | 95.25B |
Property, Plant & Equipment | 63.64B | 65.26B | 71.75B | 68.51B | 64.03B | 58.1B | 58.82B | 55.56B | 61.24B | 62.94B |
Fixed Asset Turnover | 0.96x | 1.21x | 0.88x | 0.67x | 1.39x | 2.56x | 1.82x | 1.84x | 1.73x | 1.72x |
Goodwill | 339M | 565M | 1.46B | 1.48B | 1.47B | 1.38B | 1.73B | 1.44B | 5.95B | 5.97B |
Intangible Assets | 8.28B | 9.11B | 9.28B | 475M | 3.03B | 2.18B | 770M | 4.21B | 0 | 0 |
Long-Term Investments | 5.39B | 5.32B | 5.04B | 9.44B | 6.03B | 5.49B | 5.95B | 8.09B | 16.36B | 50.28B |
Other Non-Current Assets | 3.82B | 2.9B | 3.67B | 9.11B | 3.8B | 3.97B | 7.38B | 3.74B | 5.09B | 4.85B |
Total Assets | 111.1B▲ 0% | 112.51B▲ 1.3% | 119.86B▲ 6.5% | 124.81B▲ 4.1% | 147.12B▲ 17.9% | 158.02B▲ 7.4% | 143.58B▼ 9.1% | 131.14B▼ 8.7% | 131.73B▲ 0.4% | 141.15B▲ 0% |
Asset Turnover | 0.55x | 0.70x | 0.52x | 0.37x | 0.60x | 0.94x | 0.74x | 0.78x | 0.81x | 0.76x |
Asset Growth % | 6.29% | 1.27% | 6.54% | 4.13% | 17.88% | 7.41% | -9.14% | -8.66% | 0.45% | 7.04% |
Total Current Liabilities | 19.02B | 16.6B | 19.56B | 19.5B | 39.14B | 43.8B | 35.72B | 36.05B | 30.6B | 37.05B |
Accounts Payable | 3.18B | 2.53B | 10.45B | 2.75B | 6.25B | 6.21B | 11.87B | 6.84B | 9.7B | 11.37B |
Days Payables Outstanding | 24.25 | 15.54 | 89.25 | 27.69 | 48.65 | 37.64 | 73.67 | 41.68 | 45.59 | 56.45 |
Short-Term Debt | 4.09B | 2.46B | 2.94B | 5.78B | 5.27B | 4.36B | 6B | 7.22B | 5.24B | 5.54B |
Deferred Revenue (Current) | 4.79B | 4.65B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | -3.49B | 6.9B | 462M | 9.83B | 6.7B | 5.28B | 10.82B | 5.11B | 4.67B | 4.76B |
Current Ratio | 1.43x | 1.57x | 1.27x | 1.58x | 1.60x | 1.78x | 1.71x | 1.48x | 1.24x | 1.24x |
Quick Ratio | 1.25x | 1.44x | 1.09x | 1.42x | 1.51x | 1.67x | 1.60x | 1.36x | 1.13x | 1.12x |
Cash Conversion Cycle | 58.08 | 39.31 | -12.76 | 69.06 | 51.52 | 48.92 | 7.84 | 45.05 | 7.26 | 8.28 |
Total Non-Current Liabilities | 52.2B | 52.91B | 59.15B | 71.42B | 68.96B | 60.23B | 59.36B | 52.71B | 60.63B | 60.46B |
Long-Term Debt | 24.18B | 23.26B | 21.75B | 29.12B | 27.4B | 24.14B | 22.23B | 19.36B | 25.98B | 22.16B |
Capital Lease Obligations | 0 | 375M | 3.19B | 3.22B | 2.45B | 2.41B | 2.29B | 2.26B | 2.22B | 9.31B |
Deferred Tax Liabilities | 7.65B | 8.67B | 9.41B | 11.22B | 14.04B | 12B | 13.35B | 12.73B | 14.52B | 59.48B |
Other Non-Current Liabilities | 20.36B | 20.6B | 24.79B | 27.85B | 25.07B | 21.68B | 21.5B | 18.36B | 17.9B | 20.49B |
Total Liabilities | 71.22B | 69.52B | 78.7B | 90.92B | 108.1B | 104.03B | 95.08B | 88.76B | 91.23B | 97.51B |
Total Debt | 28.27B | 25.73B | 29.03B | 38.12B | 36.24B | 32.17B | 31.8B | 30.09B | 33.44B | 31.86B |
Net Debt | 23.88B | 18.17B | 23.86B | 34.98B | 24.21B | 22.73B | 22.16B | 21.97B | 28.41B | 25.97B |
Debt / Equity | 0.71x | 0.60x | 0.71x | 1.12x | 0.93x | 0.60x | 0.66x | 0.71x | 0.83x | 0.73x |
Debt / EBITDA | 1.26x | 0.89x | 1.29x | 3.23x | 0.80x | 0.38x | 0.69x | 0.74x | 0.90x | 0.84x |
Net Debt / EBITDA | 1.06x | 0.63x | 1.06x | 2.96x | 0.53x | 0.27x | 0.48x | 0.54x | 0.76x | 0.69x |
Interest Coverage | 28.00x | 33.15x | 10.36x | -3.35x | 42.07x | 85.61x | 34.76x | 30.32x | 18.46x | 17.68x |
Total Equity | 39.88B▲ 0% | 42.99B▲ 7.8% | 41.16B▼ 4.3% | 33.89B▼ 17.7% | 39.02B▲ 15.1% | 53.99B▲ 38.3% | 48.5B▼ 10.2% | 42.38B▼ 12.6% | 40.5B▼ 4.4% | 43.64B▲ 0% |
Equity Growth % | 13.64% | 7.78% | -4.26% | -17.66% | 15.15% | 38.35% | -10.17% | -12.62% | -4.44% | -21.78% |
Book Value per Share | 12.20 | 12.93 | 12.35 | 10.37 | 11.99 | 16.96 | 16.02 | 14.99 | 15.57 | 17.44 |
Total Shareholders' Equity | 39.86B | 42.97B | 41.14B | 33.87B | 39.01B | 53.99B | 48.49B | 42.34B | 40.42B | 43.57B |
Common Stock | 1.18B | 1.19B | 1.19B | 1.16B | 1.16B | 1.14B | 1.1B | 1.05B | 995.01M | 995M |
Retained Earnings | 34.41B | 38.79B | 37.48B | 30.05B | 36.68B | 58.24B | 56.52B | 52.41B | 48.03B | 50.99B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -3.66B | -5.25B | -5.26B | -4.19B | -5.25B | -8.43B | -9.13B | -11.12B | -8.6B | -8.42B |
Minority Interest | 24M | 19M | 20M | 19M | 14M | 1M | 10M | 38M | 74M | 71M |
EQNR Cash Flow Statement
Equinor ASA (EQNR) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 14.36B | 19.69B | 13.75B | 10.39B | 28.82B | 35.14B | 24.7B | 20.11B | 20.03B | 16.2B |
Operating CF Margin % | 23.56% | 25% | 21.85% | 22.7% | 32.47% | 23.58% | 23.12% | 19.62% | 18.87% | - |
Operating CF Growth % | 58.99% | 37.12% | -30.19% | -24.46% | 177.45% | 21.93% | -29.7% | -18.59% | -0.38% | -25.04% |
Net Income | 13.42B | 18.87B | 9.29B | -4.26B | 8.56B | 28.75B | 11.88B | 8.81B | 5.06B | 5.52B |
Depreciation & Amortization | 8.64B | 9.25B | 13.2B | 15.23B | 10.61B | 9.22B | 11.17B | 10.36B | 9.87B | 10.21B |
Stock-Based Compensation | 175K | 197K | 147K | 100K | 100K | 200K | 300K | 0 | 0 | 0 |
Deferred Taxes | 0 | 0 | -147K | -100K | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | -7.16B | -9.52B | -9.01B | -66M | 14.19B | 1.79B | -3.32B | -1.27B | 3.11B | -5.72B |
Working Capital Changes | -542M | 1.09B | 259M | -524M | -4.55B | -4.62B | 4.96B | 2.22B | 2B | -454.82M |
Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Investing | -9.68B | -11.21B | -10.59B | -12.09B | -16.21B | -15.86B | -12.41B | -3.53B | -9.63B | -8.14B |
Capital Expenditures | -10.76B | -11.37B | -10.2B | -8.48B | -8.04B | -8.76B | -10.57B | -12.18B | -14.04B | -14.13B |
CapEx % of Revenue | 17.64% | 14.43% | 16.22% | 18.53% | 9.06% | 5.88% | 9.9% | 11.88% | 13.22% | 13.55% |
Acquisitions | 406M | -3.56B | 334M | 505M | -111M | 147M | -1.2B | -1.71B | 2.44B | 2.38B |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 1.08B | 3.71B | -10M | 707M | -8.06B | -7.25B | -639M | 10.36B | 114.35M | 3.54B |
Cash from Financing | -5.82B | -5.02B | -5.5B | 2.99B | -4.84B | -15.41B | -18.14B | -17.74B | -11.56B | -9.75B |
Debt Issued (Net) | -4.78B | -2.35B | -1.43B | 6.38B | -3.91B | -1.62B | -1.65B | -4.08B | 641.98M | 49.03M |
Equity Issued (Net) | 0 | 0 | -442M | -1.06B | -321M | -3.31B | -5.59B | -6.01B | -5.93B | -5.66B |
Dividends Paid | -1.49B | -2.67B | -3.34B | -2.33B | -1.8B | -5.38B | -10.91B | -8.58B | -4.81B | -3.81B |
Share Repurchases | 0 | 0 | -442M | -1.06B | -321M | -3.31B | -5.59B | -6.01B | -5.93B | -5.66B |
Other Financing | 444M | 0 | -278M | 0 | 1.2B | -5.1B | 0 | 933M | -1.46B | -326.57M |
Net Change in Cash | -700M▲ 0% | 3.17B▲ 552.3% | -2.38B▼ 175.1% | 1.58B▲ 166.4% | 7.23B▲ 357.6% | 1.59B▼ 78.0% | -5.94B▼ 473.0% | -1.52B▲ 74.4% | -1.98B▼ 30.4% | -1.45B▲ 0% |
Free Cash Flow | 3.61B▲ 0% | 8.33B▲ 130.8% | 3.54B▼ 57.4% | 1.91B▼ 46.1% | 20.78B▲ 987.7% | 26.38B▲ 27.0% | 14.13B▼ 46.4% | 7.93B▼ 43.8% | 6B▼ 24.4% | 2.08B▲ 0% |
FCF Margin % | 5.92% | 10.57% | 5.63% | 4.17% | 23.41% | 17.7% | 13.22% | 7.74% | 5.65% | 1.99% |
FCF Growth % | 214.29% | 130.79% | -57.43% | -46.12% | 987.75% | 26.96% | -46.45% | -43.84% | -24.42% | -72.68% |
FCF per Share | 1.10 | 2.50 | 1.06 | 0.58 | 6.38 | 8.29 | 4.67 | 2.81 | 2.31 | 0.83 |
FCF Conversion (FCF/Net Income) | 3.13x | 2.61x | 7.46x | -1.88x | 3.37x | 1.22x | 2.08x | 2.28x | 3.96x | 0.38x |
Interest Paid | 0 | 0 | 0 | 0 | 698M | 747M | 0 | 891M | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EQNR Key Ratios
Equinor ASA (EQNR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 12.24% | 18.18% | 4.38% | -14.68% | 23.49% | 61.81% | 23.19% | 19.38% | 12.21% | 13.25% |
Return on Invested Capital (ROIC) | 14.77% | 22.26% | 11.05% | -3.84% | 38.23% | 84.47% | 36.41% | 34.36% | 30.71% | 28.85% |
Gross Margin | 21.48% | 24.5% | 32.07% | 20.83% | 47.17% | 59.6% | 44.96% | 41.59% | 26.84% | 34.98% |
Net Margin | 7.53% | 9.57% | 2.93% | -12.04% | 9.65% | 19.29% | 11.12% | 8.59% | 4.77% | 5.3% |
Debt / Equity | 0.71x | 0.60x | 0.71x | 1.12x | 0.93x | 0.60x | 0.66x | 0.71x | 0.83x | 0.73x |
Interest Coverage | 28.00x | 33.15x | 10.36x | -3.35x | 42.07x | 85.61x | 34.76x | 30.32x | 18.46x | 17.68x |
FCF Conversion | 3.13x | 2.61x | 7.46x | -1.88x | 3.37x | 1.22x | 2.08x | 2.28x | 3.96x | 0.38x |
Revenue Growth | 33.45% | 29.19% | -20.13% | -27.27% | 93.96% | 67.9% | -28.29% | -4.07% | 3.56% | -2.41% |
Related:EQNR Dividend History·EQNR Revenue History·EQNR Price History·EQNR P/E History·EQNR Financial Ratios·EQNR Institutional Holders
EQNR Frequently Asked Questions
Equinor ASA (EQNR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Equinor ASA (EQNR) reported $104.23B in revenue for fiscal year 2025. This represents a 650% increase from $13.90B in 1998.
Equinor ASA (EQNR) grew revenue by 3.6% over the past year. Growth has been modest.
Yes, Equinor ASA (EQNR) is profitable, generating $5.52B in net income for fiscal year 2025 (4.8% net margin).
Dividend & Returns
Yes, Equinor ASA (EQNR) pays a dividend with a yield of 5.71%. This makes it attractive for income-focused investors.
Equinor ASA (EQNR) has a return on equity (ROE) of 12.2%. This is reasonable for most industries.
Equinor ASA (EQNR) generated $2.08B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.