Equinor Asa (EQNR) Return on Invested Capital [ROIC] (2009 - 2026)
Equinor Asa (EQNR) recorded Return on Invested Capital [ROIC] of 44.62% in the quarter ended Dec 31, 2025.
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Analysis
Equinor Asa (EQNR) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Equinor Asa reported Return on Invested Capital [ROIC] of 44.34%, up 1.89 percentage points from the prior year.
- Annual Return on Invested Capital [ROIC] has a five-year change of +47.98 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 42.46% in the year ended Dec 31, 2024 (-2.48 pp), 44.93% in the year ended Dec 31, 2023 (-57.29 pp), 102.23% in the year ended Dec 31, 2022 (+53.89 pp) and 48.33% in the year ended Dec 31, 2021 (+51.97 pp).
- The figure for the quarter ended Dec 31, 2025 is the highest quarterly Return on Invested Capital [ROIC] since the quarter ended Dec 31, 2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 11.12% |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 28.91% |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | -30.32% |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 44.06% |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 6.74% |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 22.50% |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | -181.46% |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 51.62% |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 220.98% |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 2.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.62% |
| Mar 31, 2026 | 42.14% |
| Dec 31, 2025 | 41.43% |
| Sep 30, 2025 | 45.30% |
| Jun 30, 2025 | 45.63% |
| Mar 31, 2025 | 46.69% |
| Dec 31, 2023 | 58.64% |
| Jun 30, 2021 | 10.94% |
| Mar 31, 2021 | 4.57% |
| Dec 31, 2020 | 0.00% |
| Jun 30, 2020 | 0.82% |
| Mar 31, 2020 | 6.01% |
| Dec 31, 2019 | 11.18% |
| Sep 30, 2019 | 16.81% |
| Jun 30, 2019 | 22.04% |
| Mar 31, 2019 | 23.31% |
| Dec 31, 2018 | 26.83% |
| Sep 30, 2018 | 27.44% |
| Jun 30, 2018 | 21.86% |
| Mar 31, 2018 | 20.90% |
API Access
Equinor Asa Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();