Equinor Asa (EQNR) FCF Margin (2009 - 2026)
Equinor Asa (EQNR) reported FCF Margin of 18.76% for the quarter ended Jun 30, 2026, up 22.43 percentage points from -3.67% a year earlier and up 11.23 percentage points from the prior quarter.
Equinor Asa (EQNR) FCF Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Equinor Asa's FCF Margin came in at 8.37%, up 2.03 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 32.09%, up 1.22 percentage points from the prior year.
- FCF Margin has a five-year change of -9.13 percentage points (years ended Dec 2020 to Dec 2025).
- By year, FCF Margin came in at 30.87% in the year ended Dec 31, 2024 (-6.41 pp), 37.28% in the year ended Dec 31, 2023 (+7.82 pp), 29.46% in the year ended Dec 31, 2022 (-12.07 pp) and 41.53% in the year ended Dec 31, 2021 (+0.30 pp).
- The figure for the quarter ended Jun 30, 2026 ranks as the highest quarterly FCF Margin since the quarter ended Mar 31, 2025.
- Year over year, FCF Margin gained in two of the last seven quarters, with an average year-over-year change of -1.04 percentage points.
- The high point for year-over-year FCF Margin in five years was the quarter ended Jun 30, 2026 (a gain of 22.43 percentage points); the low point was the quarter ended Jun 30, 2022 (a drop of 20.15 percentage points).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 7.53% (quarter ended Mar 31, 2026), -8.04% (quarter ended Dec 31, 2025) and 11.23% (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 14.68% |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | -62.50% |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 25.83% |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 24.43% |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 18.84% |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 22.59% |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 12.55% |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 18.76% |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 14.68% |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 36.85% |
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 | 13.35% |
| 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% |
Equinor Asa FCF 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=fcf-margin&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();