stockrowEquinor 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
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Equinor ASA (EQNR) Gross margin
Equinor ASA's gross margin over the twelve months to 30 September 2026 was 53.6%, up 5.4 percentage points from fiscal 2025 (48.2%). Over the past ten years it has ranged from 48.2% (fiscal 2025) to 64.3% (fiscal 2022) — the current reading is the lowest in ten years. That is above the Oil & Gas Integrated industry median of 39.9% and above the Energy sector median of 42.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 48.2% | (3.60) |
| FY2024 | 51.8% | (3.27) |
| FY2023 | 55.1% | (9.27) |
| FY2022 | 64.3% | 2.99 |
| FY2021 | 61.3% | 7.13 |
| FY2020 | 54.2% | 0.09 |
| FY2019 | 54.1% | 2.50 |
| FY2018 | 51.6% | (2.28) |
| FY2017 | 53.9% | 0.77 |
| FY2016 | 53.1% | (2.86) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 56.4% | 1.71 |
| Jun 2026 | 54.7% | 1.27 |
| Mar 2026 | 53.4% | 4.98 |
| Dec 2025 | 48.5% | 1.89 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| EQNR Equinor ASA | 53.6% |
| PBR Petroleo Brasileiro S.A.- Petrobras compare | 50.8% |
| PBR.A Petroleo Brasileiro S.A.- Petrobras compare | 50.8% |
| CVE Cenovus Energy Inc compare | 40.7% |
| TTE TotalEnergies SE Sponsored ADR compare | 39.2% |
| EC Ecopetrol S.A. compare | 36.6% |
| BP BP p.l.c. compare | 30.5% |
| SHEL Shell PLC Unsponsored ADR compare | 28.2% |
| E Eni SpA compare | 19.5% |
| Oil & Gas Integrated industry median | 39.9% |
| Energy sector median | 42.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on EQNR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement