Equinor Asa (EQNR) FCF Margin (2009 - 2026)
Equinor Asa's (EQNR) quarterly FCF Margin came in at 18.76% in Q2 2026, up 2243.0% on a YoY basis from 0.8% in Q2 2025, and up 149.04% quarter-over-quarter from 7.53% in Q1 2026.
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Equinor Asa (EQNR) FCF Margin (2009 - 2026) Analysis & Trends
Equinor Asa (EQNR) has reported FCF Margin for 18 consecutive years, with 18.76% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 2243.0% year-over-year to 18.76%; the trailing twelve-month figure through Jun 2026 stood at 8.37% (up 203.0% YoY), and the FY2025 full-year result was 32.09%, up 122.0% from the prior year.
- FCF Margin climbed to 18.76% in Q2 2026 per EQNR's latest filing, from 7.53% in the prior quarter.
- Across five years, FCF Margin topped out at 49.8% in Q1 2022 and bottomed at 8.04% in Q4 2025.
- Historically, FCF Margin has averaged 11.9% across 5 years, with a median of 11.23% in 2025.
- The sharpest annual moves came in 2022 and 2026: FCF Margin slumped 2015 bps in 2022, then surged 2243 bps in 2026.
- Over 5 years, FCF Margin stood at 28.12% in 2022, then sank by 95 bps to 1.39% in 2023, then sank by 523 bps to 5.87% in 2024, then tumbled by 37 bps to 8.04% in 2025, then soared by 333 bps to 18.76% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 18.76%, 7.53%, and 8.04% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 413.73 Bn | 410.87 Bn | 33.45 Bn | 25.83% |
| 2 | Shell | 269.64 Bn | 229.78 Bn | 30.13 Bn | 27.12% |
| 3 | TotalEnergies SE | 200.34 Bn | 171.16 Bn | 23.46 Bn | 24.43% |
| 4 | Eni Spa | 171.91 Bn | 162.06 Bn | - | 27.84% |
| 5 | Equinor Asa | 110.26 Bn | 101.00 Bn | - | 18.76% |
| 6 | Phillips 66 | 108.93 Bn | 106.03 Bn | 8.38 Bn | 12.55% |
| 7 | Suncor Energy | 82.82 Bn | 77.45 Bn | 17.50 Bn | 22.65% |
| 8 | Imperial Oil | 62.85 Bn | 60.80 Bn | - | 13.54% |
| 9 | Cenovus Energy | 61.44 Bn | 59.48 Bn | 7.32 Bn | 22.13% |
| 10 | Occidental Petroleum | 58.81 Bn | 55.30 Bn | 7.73 Bn | 43.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.76% |
| Mar 31, 2026 | 7.53% |
| Dec 31, 2025 | -8.04% |
| Sep 30, 2025 | 11.23% |
| Jun 30, 2025 | -3.67% |
| Mar 31, 2025 | 20.10% |
| Dec 31, 2024 | -5.87% |
| Sep 30, 2024 | 13.37% |
| Jun 30, 2024 | -4.46% |
| Mar 31, 2024 | 26.48% |
| Dec 31, 2023 | 1.39% |
| Jun 30, 2022 | 28.12% |
| Mar 31, 2022 | 49.80% |
| Jun 30, 2021 | 48.27% |
| Mar 31, 2021 | 50.44% |
| Dec 31, 2020 | 40.81% |
| Jun 30, 2020 | 29.97% |
| Mar 31, 2020 | 49.07% |
| Dec 31, 2019 | 30.03% |
| Sep 30, 2019 | 46.36% |