Equinor Asa (EQNR) Gross Margin (2009 - 2026)
Equinor Asa's Gross Margin was 13.08% in Q2 2026, down 36.26 percentage points from 49.34% a year earlier.
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Analysis
Equinor Asa (EQNR) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Equinor Asa's Gross Margin was 36.20% through Jun 30, 2026, down 13.73 percentage points year-over-year; for FY2025, it came in at 48.18%, down 3.60 percentage points from FY2024.
- Gross Margin has now declined for three consecutive years, with a five-year change of -6.01 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 51.78% in FY2024 (-3.27 pp), 55.05% in FY2023 (-9.27 pp), 64.32% in FY2022 (+2.99 pp) and 61.33% in FY2021 (+7.13 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q4 2009.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 702.16 Bn | 660.31 Bn | - | - |
| 2 | Chevron | 427.16 Bn | 399.28 Bn | 33.45 Bn | 47.75% |
| 3 | Shell | 298.68 Bn | 158.95 Bn | - | - |
| 4 | TotalEnergies SE | 197.78 Bn | 68.86 Bn | 31,614.00 | 47.31% |
| 5 | Conocophillips | 164.93 Bn | 137.64 Bn | 12.81 Bn | 65.62% |
| 6 | Equinor Asa | 110.73 Bn | 23.58 Bn | 4.49 Bn | 13.53% |
| 7 | Canadian Natural Resources | 104.91 Bn | 101.92 Bn | 8.84 Bn | 82.99% |
| 8 | Phillips 66 | 102.50 Bn | 86.29 Bn | 10.69 Bn | 20.76% |
| 9 | Suncor Energy | 87.79 Bn | 73.54 Bn | - | - |
| 10 | Eni Spa | 85.45 Bn | 25.08 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.53% |
| Jun 30, 2026 | 13.08% |
| Mar 31, 2026 | 12.42% |
| Dec 31, 2025 | 48.46% |
| Sep 30, 2025 | 46.57% |
| Jun 30, 2025 | 49.34% |
| Mar 31, 2025 | 8.40% |
| Dec 31, 2024 | 53.46% |
| Sep 30, 2024 | 48.50% |
| Jun 30, 2024 | 9.13% |
| Mar 31, 2024 | 52.57% |
| Dec 31, 2023 | 9.38% |
| Jun 30, 2022 | 62.01% |
| Mar 31, 2022 | 63.93% |
| Jun 30, 2021 | 57.63% |
| Mar 31, 2021 | 59.26% |
| Dec 31, 2020 | 53.41% |
| Jun 30, 2020 | 64.18% |
| Mar 31, 2020 | 51.12% |
| Dec 31, 2019 | 55.68% |
API Access
Equinor Asa Gross 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=gross-margin&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();