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.
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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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 17.49% |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | -28.44% |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 10.68% |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 5.19% |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 32.64% |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 132.01% |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 17.89% |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 25.71% |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | 27.58% |
Historic Data
Download Data
Historic 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 | 27.07% |
| 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% |