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

42.64 0.16 −0.37%
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) Free cash flow

Alert me on Free cash flow

Equinor ASA's free cash flow for fiscal 2025 was $8.4B, unchanged from fiscal 2024. Over the twelve months to 30 September 2026 it was $13.8B. Over the past ten years it has ranged from −$2.4B (fiscal 2016) to $26.4B (fiscal 2022); the current reading is higher than 55% of that period. Free cash flow has fallen for 3 consecutive fiscal years. Equinor ASA ranks 8th of 19 Oil & Gas Integrated companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2025 $8.4B (3.71%)
FY2024 $8.8B (39.17%)
FY2023 $14.4B (45.42%)
FY2022 $26.4B 27.65%
FY2021 $20.7B 981.94%
FY2020 $1.9B (46.12%)
FY2019 $3.5B (64.90%)
FY2018 $10.1B 126.81%
FY2017 $4.5B —
FY2016 −$2.4B —

Quarterly newest first

Period Free cash flow Change
Sep 2026 $4.0B (44.40%)
Jun 2026 $7.2B 245.45%
Mar 2026 $2.1B 404.09%
Dec 2025 $416.0M (83.38%)
43 more quarters

Against its own ten years

Low −$2.4B High $26.4B
Ten-year median $8.4B
Current reading's percentile 55

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

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

The full definition of Free cash flow →

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