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Norway
In shortEquinor ASA is profitable, generates cash and carries moderate debt, with revenue growing (+2.6% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 23.8% | 96/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 4.7% | 39/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 12.2% | 61/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 29.4% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | – | n/a |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.69× | 73/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.90× | 89/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 17.65× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 5.6% | 42/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.19× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 2 | 17/100 |
| Revenue growth volatility | 4.1% | 96/100 |
| Operating margin volatility | 4.8% | 65/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | – | n/a |
|---|---|---|
| EPS growth, 3-year average | -40.1% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
2 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | – | – | 107,174 | 103,774 | 106,462 |
| Cost of revenue | 35,160 | 53,806 | 48,175 | 50,040 | 55,164 |
| Gross profit | – | – | 58,999 | 53,734 | 51,298 |
| Selling, general & admin | 780 | 986 | 1,218 | 1,255 | 1,207 |
| Operating income | 33,663 | 78,811 | 35,770 | 30,927 | 25,352 |
| Interest expense | – | – | 1,660 | 1,582 | 1,436 |
| Pre-tax income | 31,583 | 78,604 | 37,884 | 30,986 | 25,088 |
| Income tax | 23,007 | 49,861 | 25,980 | 22,157 | 20,030 |
| Net income | 8,563 | 28,746 | 11,885 | 8,806 | 5,043 |
| Diluted EPS | $2.63 | $9.03 | $3.93 | $3.11 | $1.94 |
| Diluted shares (millions) | 3,254 | – | – | – | – |
2 older years available with the 10-year history. Essential plan, from €8.25/month →
Not computed: a required balance-sheet item is missing.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 19, 2026