Equinor Asa (EQNR) FCF Margin (2009 - 2026)
Equinor Asa (EQNR) reported FCF Margin of 31.39% for Q3 2026, up 20.16 percentage points from 11.23% a year earlier but down 3.69 percentage points from the prior quarter.
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Analysis
Equinor Asa (EQNR) FCF Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Equinor Asa's FCF Margin came in at 18.77%, up 12.89 percentage points year-over-year; for FY2025, it came in at 5.61%, down 1.41 percentage points from FY2024.
- FCF Margin has declined for four consecutive years, though with a five-year change of +1.45 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 7.02% in FY2024 (-10.41 pp), 17.43% in FY2023 (-0.06 pp), 17.49% in FY2022 (-5.36 pp) and 22.85% in FY2021 (+18.68 pp).
- Five-year quarterly FCF Margin spans a low of -8.05% in Q4 2025 and a high of 36.28% in Q1 2022.
- Year over year, FCF Margin gained in three of the last eight quarters, with an average year-over-year change of +3.65 percentage points.
- The high point for year-over-year FCF Margin in five years was Q2 2026 (a gain of 38.76 percentage points); the low point was Q1 2026 (a drop of 12.57 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 35.09% (Q2 2026), 7.53% (Q1 2026) and -8.05% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 779.83 Bn | 736.31 Bn | - | 14.68% |
| 2 | Chevron | 463.69 Bn | 435.81 Bn | 33.45 Bn | 25.83% |
| 3 | Shell | 319.66 Bn | 179.93 Bn | - | - |
| 4 | TotalEnergies SE | 208.05 Bn | 79.13 Bn | 31,614.00 | 29,690,656.85% |
| 5 | Conocophillips | 186.47 Bn | 159.17 Bn | 12.81 Bn | 22.59% |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | 31.39% |
| 7 | Canadian Natural Resources | 117.10 Bn | 114.11 Bn | 8.84 Bn | 62.43% |
| 8 | Phillips 66 | 111.73 Bn | 95.51 Bn | 10.69 Bn | 12.82% |
| 9 | Suncor Energy | 96.42 Bn | 82.16 Bn | - | 36.85% |
| 10 | Eni Spa | 91.57 Bn | 31.21 Bn | - | 16.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.39% |
| Jun 30, 2026 | 18.76% |
| Mar 31, 2026 | 7.53% |
| Dec 31, 2025 | -8.05% |
| 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 | 18.67% |
| Mar 31, 2022 | 36.28% |
| Jun 30, 2021 | 28.04% |
| Mar 31, 2021 | 21.79% |
| Dec 31, 2020 | 40.81% |
| Jun 30, 2020 | -19.94% |
| Mar 31, 2020 | 17.80% |
| Dec 31, 2019 | 30.03% |
API Access
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();