Equinor Asa (EQNR) EBITDA Margin (2009 - 2026)
Equinor Asa's (EQNR) quarterly EBITDA Margin came in at 32.64% in Q2 2026, up 665.0% YoY from 4.27% in Q2 2025, and down 6.98% on a QoQ basis from 35.09% in Q1 2026.
Equinor Asa (EQNR) EBITDA Margin (2009 - 2026) Analysis & Trends
Equinor Asa (EQNR) has 18 years of EBITDA Margin data on file, last reported at 32.64% in Q2 2026.
- Quarterly EBITDA Margin rose 665.0% year-over-year to 32.64% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 29.42% (up 171.0% YoY) and the FY2025 annual result came in at 25.92%, down 280.0% from the prior year.
- EBITDA Margin fell to 32.64% in Q2 2026, from 35.09% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 51.02% in Q1 2022 to a low of 23.86% in Q3 2025.
- A 5-year average of 31.93% and a median of 29.3% in 2024 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2022 — EBITDA Margin jumped 1865 bps — and 2025, when it plunged 411 bps.
- Tracing EQNR's EBITDA Margin over 5 years: stood at 48.73% in 2022, then plunged by 40 bps to 29.46% in 2023, then fell by 3 bps to 28.55% in 2024, then dropped by 14 bps to 24.45% in 2025, then jumped by 34 bps to 32.64% in 2026.
- The last three EBITDA Margin figures came in at 32.64% (Q2 2026), 35.09% (Q1 2026), and 24.45% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 184,516.68% |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 8.84% |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | -50.03% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 3.51% |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 28.64% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 32.64% |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 48.14% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 10.15% |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 32.74% |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 17.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.64% |
| Mar 31, 2026 | 35.09% |
| Dec 31, 2025 | 24.45% |
| Sep 30, 2025 | 23.86% |
| Jun 30, 2025 | 25.99% |
| Mar 31, 2025 | 28.90% |
| Dec 31, 2024 | 28.55% |
| Sep 30, 2024 | 27.10% |
| Jun 30, 2024 | 29.30% |
| Mar 31, 2024 | 29.97% |
| Dec 31, 2023 | 29.46% |
| Jun 30, 2022 | 48.73% |
| Mar 31, 2022 | 51.02% |
| Jun 30, 2021 | 30.48% |
| Mar 31, 2021 | 32.36% |
| Dec 31, 2020 | -8.33% |
| Jun 30, 2020 | -6.24% |
| Mar 31, 2020 | 0.38% |
| Dec 31, 2019 | 10.17% |
| Sep 30, 2019 | -3.19% |