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Friday 6 November 2026 Export EQNR’s income statement to Excel — free account

Equinor ASA

EQNR Energy Oil & Gas Integrated

Equinor ASA’s revenue for fiscal 2025 (year ended December 2025) was $106.5 billion, up 2.59% from fiscal 2024.

Revenue
+27.4%
EPS
+1,440.0%
Free cash flow
+60.9%
Total debt
−4.44%

Quarter to September 2026, against a year earlier

42.06 0.48 −1.13%
Market cap
$101.7B
P/E
8.8×
Fwd P/E
8.3×
Dividend yield
3.56%
F-score
5/9
Altman Z
2.43
Beneish M
−2.99
Dividend safety
34/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Equinor ASA (EQNR) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Equinor ASA (EQNR) trades at a EV/EBITDA of 2.0×. Over the past ten years it has ranged from 0.6× (May 2023) to 6.9× (March 2021); the current reading is higher than 35% of that period. That is below the Oil & Gas Integrated industry median of 4.4× and below the Energy sector median of 6.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 1.8× 9.09%
FY2024 1.6× (5.53%)
FY2023 1.7× 75.53%
FY2022 1.0× (43.64%)
FY2021 1.8× (69.13%)
FY2020 5.7× 63.42%
FY2019 3.5× 29.74%
FY2018 2.7× (27.54%)
FY2017 3.7× (41.76%)
FY2016 6.4× 106.27%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 1.9× 12.26%
Jun 2026 1.7× (40.53%)
Mar 2026 2.9× 61.65%
Dec 2025 1.8× 13.16%
43 more quarters

Against its own ten years

Low 0.6× High 6.9×
Ten-year median 2.7×
Current reading's percentile 35

EV/EBITDA against peers

Company EV/EBITDA
EQNR Equinor ASA 2.0×
BP BP p.l.c. compare 2.7×
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 3.0×
PBR Petroleo Brasileiro S.A.- Petrobras compare 3.3×
SHEL Shell PLC Unsponsored ADR compare 3.9×
TTE TotalEnergies SE Sponsored ADR compare 4.4×
EC Ecopetrol S.A. compare 4.7×
CVE Cenovus Energy Inc compare 5.2×
E Eni SpA compare 7.7×
Oil & Gas Integrated industry median 4.4×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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