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.
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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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 11.43% |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 17.41% |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 8.80% |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 229.40% |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 9.17% |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | -570.52% |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 13.63% |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 16.47% |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | 190.54% |
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 | 8.61% |
| 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% |