EQNR vs WDS Stock Comparison

Equinor Asa and Woodside Energy Prices as of Oct 27, 2026 Peers: Industry group
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
4 wins

Head to Head

6 decided of 12

Equinor Asa leads on 4 of the 12 questions below (Equinor Asa 4, Woodside Energy 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionEQNRWDSLeader
Larger companyMarket capitalisation $117.66B $44.03B EQNR
Cheaper on earningsLower P/E, profitable companies only 15.2x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.7x 13.2x EQNR
Faster revenue growthRevenue growth, trailing twelve months +5.8% — –
More profitableNet margin, trailing twelve months 7.0% — –
Better return on capitalReturn on invested capital 47.7% — –
Less leveragedLower net debt / EBITDA 0.0x — –
Higher dividend yieldTrailing dividend yield 3.23% 5.01% WDS
Better 1-year returnPrice return, last 12 months +93.2% +43.7% EQNR
Better 5-year returnAnnualised price return, 5 years +12.7%/yr +5.2%/yr EQNR
Less volatileAnnualised volatility, 1 year 39.0% 32.7% WDS
Higher overall scoreMean of the five percentile scores vs peers 68/100 — –

Percentile Scorecard

EQNRWDS

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

AxisEQNRWDS
Valuation 80 #21 of 99 –
Growth 57 #42 of 97 –
Profitability 83 #17 of 96 –
Financial Health 57 #44 of 102 85 #16 of 102
Shareholder Returns 61 #30 of 76 92 #7 of 76
Overall 68 –
  • EQNR ranked among 103 companies in Oil and Gas Upstream
  • WDS 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

PeriodEQNRWDSSPY
1 month +11.6%+5.0% -0.2%
3 months +23.0%+4.5% +3.9%
6 months +22.2%-0.4% +8.2%
Year to date +99.2%+48.6% +12.9%
1 year +93.2%+43.7% +12.3%
3 years +40.1%+4.6% +87.4%
3 years, per year +11.9%+1.5% +23.3%
5 years +81.5%+28.5% +67.9%
5 years, per year +12.7%+5.2% +10.9%
10 years +183.5%+8.9% +261.1%
10 years, per year +11.0%+0.9% +13.7%

Risk

MeasureEQNRWDSSPY
Volatility, 1Y 39.0%32.7% 12.7%
Downside volatility, 1Y 38.4%34.3% 12.7%
Beta vs S&P 500, 1Y -1.10-0.39 1.00
Return / volatility, 1Y 2.391.33 0.97
Max drawdown, 5Y -47.8%-57.2% -25.4%
From 52-week high -3.6%-6.5% -1.2%
52-week high $48.81$24.78 $779.14
52-week low $22.41$14.58 $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.

MultipleEQNRWDS
P/E now vs peer median 15.2xmedian 13.0x —median 13.0x
P/S now vs peer median 1.0xmedian 2.1x —median 2.1x
EV/EBITDA now vs peer median 2.7xmedian 5.9x —median 5.9x
P/FCF now vs peer median 12.3xmedian 11.1x —median 11.1x
P/B now vs peer median 2.7xmedian 1.5x 1.1xmedian 1.5x
PEG now vs peer median —median 2.27 —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 monthsEQNRWDS
Revenue $114.42B –
Operating income $32.53B –
Net income $9.05B –
Free cash flow $9.58B –
R&D $880.00M –
EPS (diluted) $3.08 –
Cash & equivalents $8.06B $4.34B
Total debt $24.43B $1.13B
Shares (diluted) 2.60B 1.91B
Enterprise value $32.19B $30.04B

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
MetricEQNRWDS
P/E 15.2x –
P/FCF 12.3x –
P/Operating cash flow 5.1x –
P/S 1.0x –
P/B 2.7x 1.1x
P/Tangible book 2.7x 1.1x
EV/EBITDA 2.7x –
EV/EBIT 3.6x –
EV/Revenue 1.0x –
EV/FCF 12.4x –
EV/Operating cash flow 5.1x –
PEG (3Y EPS CAGR) – –

Growth

14 metrics
MetricEQNRWDS
Revenue growth (1Y) 5.8% –
Revenue CAGR (3Y) – –
Gross profit growth (1Y) – –
Gross profit CAGR (3Y) – –
Operating income growth (1Y) 7.6% –
Operating income CAGR (3Y) – –
Net income growth (1Y) 10.0% –
Net income CAGR (3Y) – –
EPS growth (1Y) 24.1% –
EPS CAGR (3Y) – –
Operating cash flow growth (1Y) 15.5% –
Operating cash flow CAGR (3Y) – –
Free cash flow growth (1Y) 39.6% –
Free cash flow CAGR (3Y) – –

Profitability

14 metrics
MetricEQNRWDS
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% –
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
MetricEQNRWDS
Debt / assets 1,784% 1.7%
Debt / equity 0.6x 0.0x
Net debt / EBITDA 0.0x –
Debt / FCF 2.5x –
Liabilities / assets -3,046% 38.4%
Equity / assets 3,146% 61.6%
Interest coverage – –
Current ratio 1.2x 1.4x
Quick ratio 0.9x 0.9x
Cash ratio 0.6x 0.9x
Altman Z-score – –

Shareholder Returns

7 metrics
MetricEQNRWDS
Dividend yield 3.2% 5.0%
Net buyback yield – –
Shareholder yield 3.2% 5.0%
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.

ConsensusEQNRWDS
Forward P/E 8.7xFY2026 13.2xFY2026
EPS, next fiscal year $5.41FY2026 $1.75FY2026
EPS growth, next FY +119.0%FY2026 +22.4%FY2026
EPS growth, the year after -15.7% +14.3%
Revenue, next fiscal year $120.69BFY2026 $15.29BFY2026
Revenue growth, next FY +14.0%FY2026 +17.8%FY2026
Revenue growth, the year after -1.4% +2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersEQNRWDS
Held by institutions 6.6% 1.6%
Institutions holding 409 308
Change in shares held, QoQ +1.8% +8.5%
Institutions buying 230 168
Institutions selling 115 65
Buyers to sellers 2.00 2.58

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.

EQNRWDS
EQNR 1.00 0.67
WDS 0.67 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, EQNR and WDS?

Equinor Asa (EQNR) is the largest by market capitalisation: Equinor Asa (EQNR) $117.66B, Woodside Energy (WDS) $44.03B.

Which stock has performed better?

Over the past year Equinor Asa (EQNR) returned the most: Equinor Asa (EQNR) +93.2%, Woodside Energy (WDS) +43.7%. Over five years, Equinor Asa (EQNR) compounded fastest (Equinor Asa (EQNR) +12.7%/yr, Woodside Energy (WDS) +5.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Woodside Energy (WDS) has the highest dividend yield: Equinor Asa (EQNR) 3.23%, Woodside Energy (WDS) 5.01%.

Which stock is riskier?

By one-year price volatility, Woodside Energy (WDS) has been the steadiest (Equinor Asa (EQNR) 39.0%, Woodside Energy (WDS) 32.7%). Volatility measures how widely the price swings, not the risk of the business.

Do EQNR and WDS move together?

Their daily returns over the past year have a correlation of 0.67, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, EQNR and WDS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Equinor Asa (EQNR) leads on 4. 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.