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

42.13 0.41 −0.96%
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

Equinor ASA (EQNR) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, Equinor ASA (EQNR) trades at a EV/FCF of 7.3×. Over the past ten years it has ranged from −249× (May 2015) to 62.5× (April 2016); the current reading is higher than 35% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 8.1× 4.95%
FY2024 7.7× 36.83%
FY2023 5.6× 74.95%
FY2022 3.2× (17.10%)
FY2021 3.9× (89.04%)
FY2020 35.3× 59.21%
FY2019 22.2× 183.05%
FY2018 7.8× (58.12%)
FY2017 18.7× —
FY2016 −31.0× —

Quarterly newest first

Period EV/FCF Change
Sep 2026 7.2× 14.25%
Jun 2026 6.3× (74.31%)
Mar 2026 24.4× 202.88%
Dec 2025 8.1× (2.93%)
43 more quarters

Against its own ten years

Low −249× High 62.5×
Ten-year median 8.4×
Current reading's percentile 28

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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