EQNR vs SU Stock Comparison

Equinor Asa and Suncor Energy Prices as of Oct 23, 2026 Peers: Industry group
EQNR Equinor Asa
$48.81 +13.7% 1M +95.5% 1Y
Market cap
$124.80B
P/E
15.6x
Revenue (TTM)
$114.42B
Div. yield
–
Integrated Oil and Gas Energy
4 wins
SU Suncor Energy Inc
$79.35 +16.8% 1M +100.3% 1Y
Market cap
$96.91B
P/E
7.1x
Revenue (TTM)
-$3.60B
Div. yield
-0.03%
Integrated Oil and Gas Energy
5 wins

Head to Head

9 decided of 12

Suncor Energy leads on 5 of the 12 questions below (Suncor Energy 5, Equinor Asa 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEQNRSULeader
Larger companyMarket capitalisation $124.80B $96.91B EQNR
Cheaper on earningsLower P/E, profitable companies only 15.6x 7.1x SU
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.1x 9.0x SU
Faster revenue growthRevenue growth, trailing twelve months +5.8% -108.8% EQNR
More profitableNet margin, trailing twelve months 7.0% — –
Better return on capitalReturn on invested capital 47.7% — –
Less leveragedLower net debt / EBITDA 0.0x 0.5x EQNR
Higher dividend yieldTrailing dividend yield 0.00% -0.03% –
Better 1-year returnPrice return, last 12 months +95.5% +100.3% SU
Better 5-year returnAnnualised price return, 5 years +12.1%/yr +28.3%/yr SU
Less volatileAnnualised volatility, 1 year 39.0% 27.4% SU
Higher overall scoreMean of the five percentile scores vs peers 67/100 64/100 EQNR

Percentile Scorecard

EQNRSU

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

AxisEQNRSU
Valuation 81 #20 of 99 76 #25 of 99
Growth 57 #42 of 97 65 #35 of 97
Profitability 81 #19 of 96 72 #28 of 96
Financial Health 56 #45 of 102 74 #27 of 102
Shareholder Returns 59 #32 of 76 35 #50 of 76
Overall 67 64
  • EQNR ranked among 103 companies in Oil and Gas Upstream
  • SU 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

PeriodEQNRSUSPY
1 month +13.7%+16.8% -1.0%
3 months +21.0%+20.6% +2.9%
6 months +28.7%+24.0% +6.4%
Year to date +106.6%+78.9% +11.4%
1 year +95.5%+100.3% +13.1%
3 years +47.8%+141.5% +79.4%
3 years, per year +13.9%+34.2% +21.5%
5 years +76.8%+247.1% +67.7%
5 years, per year +12.1%+28.3% +10.9%
10 years +195.5%+169.7% +255.2%
10 years, per year +11.4%+10.4% +13.5%

Risk

MeasureEQNRSUSPY
Volatility, 1Y 39.0%27.4% 12.7%
Downside volatility, 1Y 38.6%28.2% 12.7%
Beta vs S&P 500, 1Y -1.09-0.38 1.00
Return / volatility, 1Y 2.453.66 1.03
Max drawdown, 5Y -47.8%-37.3% -25.4%
From 52-week high 0.0%0.0% -2.5%
52-week high $48.81$79.35 $779.14
52-week low $22.41$39.51 $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.

MultipleEQNRSU
P/E now vs peer median 15.8xmedian 13.1x 7.1xmedian 13.1x
P/S now vs peer median 1.1xmedian 2.0x -26.3xmedian 2.0x
EV/EBITDA now vs peer median 2.8xmedian 5.7x 11.4xmedian 5.7x
P/FCF now vs peer median 12.7xmedian 11.1x 4.8xmedian 11.1x
P/B now vs peer median 2.8xmedian 1.5x 2.0xmedian 1.5x
PEG now vs peer median —median 2.24 0.19median 2.24

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 monthsEQNRSU
Revenue $114.42B -$3.60B
Operating income $32.53B $1.71B
Net income $9.05B $8.93B
Free cash flow $9.58B $19.78B
R&D $880.00M –
EPS (diluted) $3.08 $11.22
Cash & equivalents $8.06B $5.37B
Total debt $105.13B $9.85B
Shares (diluted) 2.60B 1.22B
Enterprise value $39.26B $82.66B

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
MetricEQNRSU
P/E 15.8x 7.1x
P/FCF 12.7x 4.8x
P/Operating cash flow 5.3x 6.0x
P/S 1.1x -26.3x
P/B 2.8x 2.0x
P/Tangible book 2.8x 2.0x
EV/EBITDA 2.8x 11.4x
EV/EBIT 3.8x 58.1x
EV/Revenue 1.1x -27.6x
EV/FCF 12.8x 5.0x
EV/Operating cash flow 5.3x 6.3x
PEG (3Y EPS CAGR) – 0.19

Growth

14 metrics
MetricEQNRSU
Revenue growth (1Y) 5.8% -108.8%
Revenue CAGR (3Y) – -27.6%
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) 7.6% 18.0%
Operating income CAGR (3Y) – –
Net income growth (1Y) 10.0% 57.7%
Net income CAGR (3Y) – 13.8%
EPS growth (1Y) 24.1% 55.0%
EPS CAGR (3Y) – 36.9%
Operating cash flow growth (1Y) 15.5% 9.5%
Operating cash flow CAGR (3Y) – 8.9%
Free cash flow growth (1Y) 39.6% 5.0%
Free cash flow CAGR (3Y) – 17.4%

Profitability

14 metrics
MetricEQNRSU
Gross margin – –
EBITDA margin 38.9% –
Operating margin 28.4% –
Pretax margin 29.0% –
Net margin 7.0% –
FCF margin 8.4% –
Operating cash flow margin 20.2% -438.8%
Return on equity 20.9% 29.1%
Return on assets 658.7% 14.6%
Return on invested capital 47.7% –
Return on capital employed – 2.1%
Asset turnover 83.3x 0.0x
Cash conversion (OCF / net income) 2.6x 1.8x
Stock comp / revenue – -3.5%

Financial Health

11 metrics
MetricEQNRSU
Debt / assets 1,784% 10.4%
Debt / equity 0.6x 0.2x
Net debt / EBITDA 0.0x 0.5x
Debt / FCF 2.5x 0.5x
Liabilities / assets -3,046% 49.2%
Equity / assets 3,146% 50.8%
Interest coverage – –
Current ratio 1.2x 1.7x
Quick ratio 0.9x 1.0x
Cash ratio 0.6x 0.5x
Altman Z-score – –

Shareholder Returns

7 metrics
MetricEQNRSU
Dividend yield 3.1% 3.0%
Net buyback yield – -3.9%
Shareholder yield 3.1% -0.8%
Payout ratio (earnings) – 31.6%
Payout ratio (FCF) – 14.3%
Dividend growth (1Y) – -0.7%
Dividend CAGR (3Y) – -1.4%

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.

ConsensusEQNRSU
Forward P/E 9.1xFY2026 9.0xFY2026
EPS, next fiscal year $5.34FY2026 $8.85FY2026
EPS growth, next FY +116.2%FY2026 +163.4%FY2026
EPS growth, the year after -17.6% -17.9%
Revenue, next fiscal year $120.34BFY2026 $44.77BFY2026
Revenue growth, next FY +13.7%FY2026 +25.7%FY2026
Revenue growth, the year after -2.1% -11.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEQNRSU
Held by institutions 6.6% 65.2%
Institutions holding 409 752
Change in shares held, QoQ +1.8% -5.1%
Institutions buying 230 367
Institutions selling 115 252
Buyers to sellers 2.00 1.46

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.

EQNRSU
EQNR 1.00 0.73
SU 0.73 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EQNR and SU?

Equinor Asa (EQNR) is the largest by market capitalisation: Equinor Asa (EQNR) $124.80B, Suncor Energy (SU) $96.91B.

Which stock is cheaper, EQNR and SU?

Suncor Energy (SU) trades on the lowest price-to-earnings ratio (Equinor Asa (EQNR) 15.6x, Suncor Energy (SU) 7.1x). On next year's consensus earnings, Suncor Energy (SU) is cheapest (Equinor Asa (EQNR) 9.1x, Suncor Energy (SU) 9.0x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Equinor Asa (EQNR) grew revenue fastest over the trailing twelve months: Equinor Asa (EQNR) +5.8%, Suncor Energy (SU) -108.8%.

Which stock has performed better?

Over the past year Suncor Energy (SU) returned the most: Equinor Asa (EQNR) +95.5%, Suncor Energy (SU) +100.3%. Over five years, Suncor Energy (SU) compounded fastest (Equinor Asa (EQNR) +12.1%/yr, Suncor Energy (SU) +28.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Suncor Energy (SU) has been the steadiest (Equinor Asa (EQNR) 39.0%, Suncor Energy (SU) 27.4%). Volatility measures how widely the price swings, not the risk of the business.

Do EQNR and SU move together?

Their daily returns over the past year have a correlation of 0.73, a strong positive relationship. Holding both adds little diversification.

Which is the better stock, EQNR and SU?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Suncor Energy (SU) 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.