Equinor Asa (EQNR) EBITDA Margin (2009 - 2026)
Equinor Asa (EQNR) posted EBITDA Margin of 45.38% for Q3 2026, up 12.22 percentage points from 33.16% a year earlier and up 0.71 percentage points from the prior quarter.
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Analysis
Equinor Asa (EQNR) EBITDA Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EBITDA Margin at Equinor Asa was 41.91%, up 4.70 percentage points year-over-year; for FY2025, it came in at 35.53%, down 3.82 percentage points from FY2024.
- Annual EBITDA Margin has declined for three consecutive years, though with a five-year change of +9.75 percentage points (FY2020 to FY2025).
- In prior years, Equinor Asa's EBITDA Margin was 39.35% in FY2024 (-3.90 pp), 43.25% in FY2023 (-14.90 pp), 58.15% in FY2022 (+8.23 pp) and 49.91% in FY2021 (+24.13 pp).
- The Q3 2026 figure stands as the highest quarterly EBITDA Margin since Q2 2022.
- On a year-over-year basis, EBITDA Margin has increased in each of the last three quarters, with an average year-over-year change of +3.55 percentage points over the last eight quarters.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q2 2025, with a gain of 15.73 percentage points; the weakest was Q4 2025, with a drop of 6.67 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was 44.67% (Q2 2026), 40.63% (Q1 2026) and 34.92% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 778.24 Bn | 734.72 Bn | - | 24.43% |
| 2 | Chevron | 463.12 Bn | 435.23 Bn | 33.45 Bn | -19.76% |
| 3 | Shell | 320.05 Bn | 180.31 Bn | - | - |
| 4 | TotalEnergies SE | 208.53 Bn | 79.61 Bn | 31,614.00 | -1,155,312.69% |
| 5 | Conocophillips | 185.85 Bn | 158.56 Bn | 12.81 Bn | 68.45% |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | 45.38% |
| 7 | Canadian Natural Resources | 116.99 Bn | 113.99 Bn | 8.84 Bn | 94.81% |
| 8 | Phillips 66 | 111.27 Bn | 95.06 Bn | 10.69 Bn | 15.42% |
| 9 | Suncor Energy | 96.22 Bn | 81.97 Bn | - | 12.45% |
| 10 | Eni Spa | 91.72 Bn | 31.35 Bn | - | 13.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 45.38% |
| Jun 30, 2026 | 44.67% |
| Mar 31, 2026 | 40.63% |
| Dec 31, 2025 | 34.92% |
| Sep 30, 2025 | 33.16% |
| Jun 30, 2025 | 36.38% |
| Mar 31, 2025 | 37.38% |
| Dec 31, 2024 | 41.59% |
| Sep 30, 2024 | 36.66% |
| Jun 30, 2024 | 20.65% |
| Mar 31, 2024 | 40.01% |
| Dec 31, 2023 | 39.92% |
| Jun 30, 2022 | 54.51% |
| Mar 31, 2022 | 54.50% |
| Jun 30, 2021 | 42.43% |
| Mar 31, 2021 | 45.58% |
| Dec 31, 2020 | -37.61% |
| Jun 30, 2020 | 26.70% |
| Mar 31, 2020 | 29.72% |
| Dec 31, 2019 | -17.78% |
API Access
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();