Equinor Asa (EQNR) EBITDA Margin (2009 - 2026)
Equinor Asa (EQNR) posted EBITDA Margin of 29.57% for the quarter ended Jun 30, 2026, down 2.99 percentage points from 32.56% a year earlier but up 7.07 percentage points from the prior quarter.
Equinor Asa (EQNR) EBITDA Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA Margin at Equinor Asa was 28.52%, down 4.31 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 33.25%, down 6.37 percentage points from the prior year.
- Annual EBITDA Margin has declined for three consecutive years, though with a five-year change of +7.44 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Equinor Asa's EBITDA Margin was 39.62% in the year ended Dec 31, 2024 (-2.63 pp), 42.25% in the year ended Dec 31, 2023 (-16.60 pp), 58.85% in the year ended Dec 31, 2022 (+7.71 pp) and 51.14% in the year ended Dec 31, 2021 (+25.32 pp).
- Quarterly EBITDA Margin has run from a low of 20.65% in the quarter ended Jun 30, 2024 to a high of 56.61% in the quarter ended Mar 31, 2022 over five years.
- On a year-over-year basis, EBITDA Margin increased in four of the last seven quarters, with an average year-over-year change of +2.06 percentage points.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was the quarter ended Dec 31, 2024, with a gain of 19.34 percentage points; the weakest was the quarter ended Dec 31, 2025, with a drop of 8.63 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was 22.50% (quarter ended Mar 31, 2026), 32.16% (quarter ended Dec 31, 2025) and 29.99% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 24.43% |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 94.70% |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | -19.76% |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 29.83% |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 13.20% |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 68.45% |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | -73.22% |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 44.67% |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 96.79% |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 12.45% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.67% |
| Mar 31, 2026 | 44.18% |
| Dec 31, 2025 | 37.73% |
| Sep 30, 2025 | 36.79% |
| Jun 30, 2025 | 39.62% |
| Mar 31, 2025 | 37.38% |
| Dec 31, 2024 | 41.74% |
| Sep 30, 2024 | 17.60% |
| Jun 30, 2024 | 20.65% |
| Mar 31, 2024 | 40.01% |
| Dec 31, 2023 | 39.26% |
| Jun 30, 2022 | 54.62% |
| Mar 31, 2022 | 56.61% |
| Jun 30, 2021 | 42.63% |
| Mar 31, 2021 | 15.02% |
| Dec 31, 2020 | -37.61% |
| Jun 30, 2020 | -39.59% |
| Mar 31, 2020 | -29.07% |
| Dec 31, 2019 | -17.78% |
| Sep 30, 2019 | -34.60% |
Equinor Asa EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "EQNR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();