Equinor Asa (EQNR) Net Margin (2009 - 2026)
Equinor Asa's Net Margin was 8.61% in Q3 2026, up 9.41 percentage points from -0.81% a year earlier but down 0.56 percentage points from the prior quarter.
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Analysis
Equinor Asa (EQNR) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Equinor Asa's Net Margin was 9.12% through Sep 30, 2026, up 4.87 percentage points year-over-year; for FY2025, it came in at 4.74%, down 4.11 percentage points from FY2024.
- Net Margin has now declined for three consecutive years, though with a five-year change of +16.76 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 8.84% in FY2024 (-1.72 pp), 10.56% in FY2023 (-8.50 pp), 19.06% in FY2022 (+9.64 pp) and 9.42% in FY2021 (+21.44 pp).
- Quarterly Net Margin has moved between -0.81% (Q3 2025) and 18.53% (Q2 2022) over five years.
- Compared with a year earlier, Net Margin has increased for three straight quarters, with an average year-over-year change of +0.34 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q3 2026 (a gain of 9.41 percentage points); the worst was Q3 2025 (a drop of 9.42 percentage points).
- Per Business Quant data, EQNR's Net Margin in the three quarters before Q3 2026 was 9.17% (Q2 2026), 13.27% (Q1 2026) and 5.18% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 779.83 Bn | 736.31 Bn | - | 12.52% |
| 2 | Chevron | 463.69 Bn | 435.81 Bn | 33.45 Bn | 17.23% |
| 3 | Shell | 319.66 Bn | 179.93 Bn | - | - |
| 4 | TotalEnergies SE | 208.05 Bn | 79.13 Bn | 31,614.00 | 12.37% |
| 5 | Conocophillips | 186.47 Bn | 159.17 Bn | 12.81 Bn | 20.14% |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | 8.61% |
| 7 | Canadian Natural Resources | 117.10 Bn | 114.11 Bn | 8.84 Bn | 30.55% |
| 8 | Phillips 66 | 111.73 Bn | 95.51 Bn | 10.69 Bn | 10.90% |
| 9 | Suncor Energy | 96.42 Bn | 82.16 Bn | - | 26.19% |
| 10 | Eni Spa | 91.57 Bn | 31.21 Bn | - | 13.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.61% |
| Jun 30, 2026 | 9.17% |
| Mar 31, 2026 | 13.27% |
| Dec 31, 2025 | 5.18% |
| Sep 30, 2025 | -0.81% |
| Jun 30, 2025 | 5.22% |
| Mar 31, 2025 | 5.98% |
| Dec 31, 2024 | 6.27% |
| Sep 30, 2024 | 8.61% |
| Jun 30, 2024 | 7.29% |
| Mar 31, 2024 | 11.28% |
| Dec 31, 2023 | 6.34% |
| Jun 30, 2022 | 18.53% |
| Mar 31, 2022 | 12.58% |
| Jun 30, 2021 | 11.10% |
| Mar 31, 2021 | 10.52% |
| Dec 31, 2020 | -20.39% |
| Jun 30, 2020 | -3.31% |
| Mar 31, 2020 | -4.68% |
| Dec 31, 2019 | -1.58% |
API Access
Equinor Asa Net 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=net-margin&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();