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% YoY from 2.6% in Q2 2025, and down 30.92% on a QoQ basis from 13.27% in Q1 2026.
Equinor Asa (EQNR) Net Margin (2009 - 2026) Analysis & Trends
Equinor Asa (EQNR) has 18 years of Net Margin data on file, last reported at 9.17% in Q2 2026.
- Quarterly Net Margin rose 253.0% year-over-year to 9.17% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 8.65% (up 182.0% YoY) and the FY2025 annual result came in at 6.04%, down 280.0% from the prior year.
- Net Margin fell to 9.17% in Q2 2026, from 13.27% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 18.57% in Q2 2022 to a low of 3.58% in Q3 2025.
- A 5-year average of 9.25% and a median of 8.62% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin jumped 742 bps — and 2025, when it tumbled 530 bps.
- Tracing EQNR's Net Margin over 5 years: stood at 18.57% in 2022, then sank by 66 bps to 6.34% in 2023, then dropped by 1 bps to 6.27% in 2024, then increased by 29 bps to 8.06% in 2025, then rose by 14 bps to 9.17% in 2026.
- The last three Net Margin figures came in at 9.17% (Q2 2026), 13.27% (Q1 2026), and 8.06% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 26.34% |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 5.25% |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | 4.62% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 5.34% |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | -2.53% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 9.17% |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 23.36% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 7.55% |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 9.52% |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 18.10% |
Historic Data
Download 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% |