EQNR vs ICL vs SSL Stock Comparison

Equinor Asa, Icl and Sasol Prices as of Oct 27, 2026 Peers: Industry group
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EQNR Equinor Asa
$47.06 +11.6% 1M +93.2% 1Y
Market cap
$117.66B
P/E
15.2x
Revenue (TTM)
$114.42B
Div. yield
3.23%
Integrated Oil and Gas Energy
3 wins
ICL ICL Group Ltd.
$4.91 -4.5% 1M -26.1% 1Y
Market cap
$6.34B
P/E
9.2x
Revenue (TTM)
$7.71B
Div. yield
12.83%
Fertilizers Basic Materials
5 wins
SSL Sasol Ltd
$17.14 +22.2% 1M +167.4% 1Y
Market cap
$11.21B
P/E
15.0x
Revenue (TTM)
—
Div. yield
–
Integrated Oil and Gas Energy
2 wins

Head to Head

10 decided of 12

Icl leads on 5 of the 12 questions below (Icl 5, Equinor Asa 3, Sasol 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEQNRICLSSLLeader
Larger companyMarket capitalisation $117.66B $6.34B $11.21B EQNR
Cheaper on earningsLower P/E, profitable companies only 15.2x 9.2x 15.0x ICL
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.7x 12.3x 5.3x SSL
Faster revenue growthRevenue growth, trailing twelve months +5.8% +10.9% — ICL
More profitableNet margin, trailing twelve months 7.0% 9.0% — ICL
Better return on capitalReturn on invested capital 47.7% — — –
Less leveragedLower net debt / EBITDA 0.0x — — –
Higher dividend yieldTrailing dividend yield 3.23% 12.83% 0.00% ICL
Better 1-year returnPrice return, last 12 months +93.2% -26.1% +167.4% SSL
Better 5-year returnAnnualised price return, 5 years +12.7%/yr -10.7%/yr +0.2%/yr EQNR
Less volatileAnnualised volatility, 1 year 39.0% 39.0% 54.0% EQNR
Higher overall scoreMean of the five percentile scores vs peers 68/100 83/100 — ICL

Percentile Scorecard

EQNRICLSSL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisEQNRICLSSL
Valuation 80 #21 of 99 98 #3 of 94 95 #6 of 99
Growth 57 #42 of 97 49 #47 of 91 –
Profitability 83 #17 of 96 84 #15 of 86 –
Financial Health 57 #44 of 102 – 50 #52 of 102
Shareholder Returns 61 #30 of 76 100 #1 of 70 –
Overall 68 83 –
  • EQNR ranked among 103 companies in Oil and Gas Upstream
  • ICL ranked among 99 companies in Chemicals
  • SSL ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodEQNRICLSSLSPY
1 month +11.6%-4.5%+22.2% -0.2%
3 months +23.0%-6.3%+56.2% +3.9%
6 months +22.2%-9.6%+30.8% +8.2%
Year to date +99.2%-14.0%+163.3% +12.9%
1 year +93.2%-26.1%+167.4% +12.3%
3 years +40.1%+2.1%+30.7% +87.4%
3 years, per year +11.9%+0.7%+9.4% +23.3%
5 years +81.5%-43.0%+1.1% +67.9%
5 years, per year +12.7%-10.7%+0.2% +10.9%
10 years +183.5%+35.3%-37.8% +261.1%
10 years, per year +11.0%+3.1%-4.6% +13.7%

Risk

MeasureEQNRICLSSLSPY
Volatility, 1Y 39.0%39.0%54.0% 12.7%
Downside volatility, 1Y 38.4%44.8%55.5% 12.7%
Beta vs S&P 500, 1Y -1.100.77-0.77 1.00
Return / volatility, 1Y 2.39-0.673.10 0.97
Max drawdown, 5Y -47.8%-70.0%-89.4% -25.4%
From 52-week high -3.6%-28.0%-4.9% -1.2%
52-week high $48.81$6.82$18.02 $779.14
52-week low $22.41$4.70$6.00 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleEQNRICLSSL
P/E now vs peer median 15.2xmedian 13.0x 9.2xmedian 22.0x 15.0xmedian 13.0x
P/S now vs peer median 1.0xmedian 2.1x 0.8xmedian 1.4x 0.7xmedian 2.1x
EV/EBITDA now vs peer median 2.7xmedian 5.9x —median 12.4x —median 5.9x
P/FCF now vs peer median 12.3xmedian 11.1x 5.3xmedian 15.1x 3.5xmedian 11.1x
P/B now vs peer median 2.7xmedian 1.5x —median 1.6x 1.1xmedian 1.5x
PEG now vs peer median —median 2.27 -0.56median 1.66 —median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsEQNRICLSSL
Revenue $114.42B $7.71B –
Gross profit – $2.36B –
Operating income $32.53B $715.00M –
Net income $9.05B $654.00M –
Free cash flow $9.58B $1.19B –
R&D $880.00M – –
EPS (diluted) $3.08 $0.54 –
Cash & equivalents $8.06B $496.00M $2.64B
Total debt $24.43B – $6.66B
Shares (diluted) 2.60B 1.29B 642.00M
Enterprise value $32.19B $3.03B $574.22M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricEQNRICLSSL
P/E 15.2x 9.2x 15.0x
P/FCF 12.3x 5.3x 3.5x
P/Operating cash flow 5.1x – –
P/S 1.0x 0.8x 0.7x
P/B 2.7x – 1.1x
P/Tangible book 2.7x – 1.1x
EV/EBITDA 2.7x – –
EV/EBIT 3.6x 8.2x –
EV/Revenue 1.0x 0.8x –
EV/FCF 12.4x 4.9x –
EV/Operating cash flow 5.1x – –
PEG (3Y EPS CAGR) – -0.56 –

Growth

14 metrics
MetricEQNRICLSSL
Revenue growth (1Y) 5.8% 10.9% –
Revenue CAGR (3Y) – 1.8% –
Gross profit growth (1Y) – 5.2% –
Gross profit CAGR (3Y) – 5.2% –
Operating income growth (1Y) 7.6% -1.7% –
Operating income CAGR (3Y) – -20.8% –
Net income growth (1Y) 10.0% -1.7% –
Net income CAGR (3Y) – -18.0% –
EPS growth (1Y) 24.1% 88.4% –
EPS CAGR (3Y) – -16.4% –
Operating cash flow growth (1Y) 15.5% – –
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) 39.6% -17.5% –
Free cash flow CAGR (3Y) – -8.0% –

Profitability

14 metrics
MetricEQNRICLSSL
Gross margin – 30.6% –
EBITDA margin 38.9% – –
Operating margin 28.4% 9.3% –
Pretax margin 29.0% 9.9% –
Net margin 7.0% 9.0% –
FCF margin 8.4% 15.4% –
Operating cash flow margin 20.2% – –
Return on equity 20.9% – –
Return on assets 658.7% – –
Return on invested capital 47.7% – –
Return on capital employed – – –
Asset turnover 83.3x – –
Cash conversion (OCF / net income) 2.6x – –
Stock comp / revenue – – –

Financial Health

11 metrics
MetricEQNRICLSSL
Debt / assets 1,784% – 30.1%
Debt / equity 0.6x – 0.6x
Net debt / EBITDA 0.0x – –
Debt / FCF 2.5x – –
Liabilities / assets -3,046% – 53.3%
Equity / assets 3,146% – 46.7%
Interest coverage – – –
Current ratio 1.2x – 1.8x
Quick ratio 0.9x – 1.2x
Cash ratio 0.6x – 0.6x
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricEQNRICLSSL
Dividend yield 3.2% 12.8% –
Net buyback yield – – –
Shareholder yield 3.2% 12.8% 0.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusEQNRICLSSL
Forward P/E 8.7xFY2026 12.3xFY2026 5.3xFY2027
EPS, next fiscal year $5.41FY2026 $0.40FY2026 $3.26FY2027
EPS growth, next FY +119.0%FY2026 +11.1%FY2026 +37.0%FY2027
EPS growth, the year after -15.7% +12.5% -24.5%
Revenue, next fiscal year $120.69BFY2026 $7.47BFY2026 $16.51BFY2027
Revenue growth, next FY +14.0%FY2026 +4.5%FY2026 -2.3%FY2027
Revenue growth, the year after -1.4% +13.0% +7.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEQNRICLSSL
Held by institutions 6.6% 13.7% 4.7%
Institutions holding 409 221 174
Change in shares held, QoQ +1.8% -13.5% -7.6%
Institutions buying 230 140 111
Institutions selling 115 56 45
Buyers to sellers 2.00 2.50 2.47

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

EQNRICLSSL
EQNR 1.00 -0.03 0.53
ICL -0.03 1.00 0.04
SSL 0.53 0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EQNR, ICL and SSL?

Equinor Asa (EQNR) is the largest by market capitalisation: Equinor Asa (EQNR) $117.66B, Icl (ICL) $6.34B, Sasol (SSL) $11.21B.

Which stock is cheaper, EQNR, ICL and SSL?

Icl (ICL) trades on the lowest price-to-earnings ratio (Equinor Asa (EQNR) 15.2x, Icl (ICL) 9.2x, Sasol (SSL) 15.0x). On next year's consensus earnings, Sasol (SSL) is cheapest (Equinor Asa (EQNR) 8.7x, Icl (ICL) 12.3x, Sasol (SSL) 5.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Icl (ICL) grew revenue fastest over the trailing twelve months: Equinor Asa (EQNR) +5.8%, Icl (ICL) +10.9%.

Which company is more profitable?

Icl (ICL) has the highest net margin (Equinor Asa (EQNR) 7.0%, Icl (ICL) 9.0%).

Which stock has performed better?

Over the past year Sasol (SSL) returned the most: Equinor Asa (EQNR) +93.2%, Icl (ICL) -26.1%, Sasol (SSL) +167.4%. Over five years, Equinor Asa (EQNR) compounded fastest (Equinor Asa (EQNR) +12.7%/yr, Icl (ICL) -10.7%/yr, Sasol (SSL) +0.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Icl (ICL) has the highest dividend yield: Equinor Asa (EQNR) 3.23%, Icl (ICL) 12.83%, Sasol (SSL) 0.00%. Sasol (SSL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Equinor Asa (EQNR) has been the steadiest (Equinor Asa (EQNR) 39.0%, Icl (ICL) 39.0%, Sasol (SSL) 54.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, EQNR, ICL and SSL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Icl (ICL) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.