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

42.64 0.16 −0.37%

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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

Equinor ASA (EQNR) Price to free cash flow

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As of 5 November 2026, Equinor ASA (EQNR) trades at a price to free cash flow of 7.3×. Over the past ten years it has ranged from 0.0× (December 2020) to 51.3× (April 2016); the current reading is higher than 37% of that period. That is below the Oil & Gas Integrated industry median of 8.2× and below the Energy sector median of 8.9×.

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<iframe src="https://stockrow.com/embed/EQNR/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Equinor ASA price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/EQNR/metrics/price-to-free-cash-flow">Equinor ASA (EQNR) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	7.3×	(4.78%)
FY2024	7.6×	15.53%
FY2023	6.6×	68.38%
FY2022	3.9×	(5.13%)
FY2021	4.1×	(85.29%)
FY2020	28.1×	50.44%
FY2019	18.7×	167.95%
FY2018	7.0×	(56.82%)
FY2017	16.1×	—
FY2016	0.0×	—

Period	Price to free cash flow	Change
Sep 2026	7.2×	15.07%
Jun 2026	6.2×	(73.31%)
Mar 2026	23.3×	221.01%
Dec 2025	7.3×	(8.62%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 51.3×

Ten-year median 8.0×

Current reading's percentile 37

Company	Price to free cash flow
CVE Cenovus Energy Inc compare	n/m
BP BP p.l.c. compare	4.7×
PBR.A Petroleo Brasileiro S.A.- Petrobras compare	5.2×
PBR Petroleo Brasileiro S.A.- Petrobras compare	5.9×
EC Ecopetrol S.A. compare	6.5×
SHEL Shell PLC Unsponsored ADR compare	7.0×
EQNR Equinor ASA	7.3×
TTE TotalEnergies SE Sponsored ADR compare	8.3×
E Eni SpA compare	13.6×
Oil & Gas Integrated industry median	8.2×
Energy sector median	8.9×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Equinor ASA (EQNR) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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