Equinor Asa (EQNR) Net Margin (2009 - 2026)
Equinor Asa's (EQNR) quarterly Net Margin came in at 9.17% in Q2 2026, up 253.0% on a YoY basis from 2.6% in Q2 2025, and down 30.92% quarter-over-quarter from 13.27% in Q1 2026.
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Equinor Asa (EQNR) Net Margin (2009 - 2026) Analysis & Trends
Equinor Asa (EQNR) has reported Net Margin for 18 consecutive years, with 9.17% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 253.0% year-over-year to 9.17%; the trailing twelve-month figure through Jun 2026 stood at 8.65% (up 182.0% YoY), and the FY2025 full-year result was 6.08%, down 287.0% from the prior year.
- Net Margin eased to 9.17% in Q2 2026 per EQNR's latest filing, from 13.27% in the prior quarter.
- Across five years, Net Margin topped out at 18.57% in Q2 2022 and bottomed at 3.58% in Q3 2025.
- Historically, Net Margin has averaged 9.25% across 5 years, with a median of 8.62% in 2024.
- The sharpest annual moves came in 2022 and 2025: Net Margin surged 742 bps in 2022, then plunged 530 bps in 2025.
- Over 5 years, Net Margin stood at 18.57% in 2022, then tumbled by 66 bps to 6.34% in 2023, then fell by 1 bps to 6.27% in 2024, then gained by 29 bps to 8.06% in 2025, then advanced by 14 bps to 9.17% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 9.17%, 13.27%, and 8.06% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 413.73 Bn | 410.87 Bn | 33.45 Bn | 17.41% |
| 2 | Shell | 269.64 Bn | 229.78 Bn | 30.13 Bn | 11.43% |
| 3 | TotalEnergies SE | 200.34 Bn | 171.16 Bn | 23.46 Bn | 8.80% |
| 4 | Eni Spa | 171.91 Bn | 162.06 Bn | - | 14.64% |
| 5 | Equinor Asa | 110.26 Bn | 101.00 Bn | - | 9.17% |
| 6 | Phillips 66 | 108.93 Bn | 106.03 Bn | 8.38 Bn | 7.45% |
| 7 | Suncor Energy | 82.82 Bn | 77.45 Bn | 17.50 Bn | 19.26% |
| 8 | Imperial Oil | 62.85 Bn | 60.80 Bn | - | 13.63% |
| 9 | Cenovus Energy | 61.44 Bn | 59.48 Bn | 7.32 Bn | 8.58% |
| 10 | Occidental Petroleum | 58.81 Bn | 55.30 Bn | 7.73 Bn | 34.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.17% |
| Mar 31, 2026 | 13.27% |
| Dec 31, 2025 | 8.06% |
| Sep 30, 2025 | 3.58% |
| Jun 30, 2025 | 6.64% |
| Mar 31, 2025 | 5.98% |
| Dec 31, 2024 | 6.27% |
| Sep 30, 2024 | 8.62% |
| Jun 30, 2024 | 9.46% |
| Mar 31, 2024 | 11.28% |
| Dec 31, 2023 | 6.34% |
| Jun 30, 2022 | 18.57% |
| Mar 31, 2022 | 13.07% |
| Jun 30, 2021 | 11.15% |
| Mar 31, 2021 | 11.48% |
| Dec 31, 2020 | -20.39% |
| Jun 30, 2020 | -3.36% |
| Mar 31, 2020 | -4.70% |
| Dec 31, 2019 | -1.58% |
| Sep 30, 2019 | -7.53% |