Equinor Asa (STOHF) Gross Margin (2009 - 2025)
Equinor Asa (STOHF) reported Gross Margin of 48.46% for Q4 2025, down 501.0% on a YoY basis from 12.08% in Q4 2024, and up 4.04% quarter-over-quarter from 46.57% in Q3 2025.
Equinor Asa (STOHF) Gross Margin (2009 - 2025) Analysis & Trends
Equinor Asa has reported Gross Margin for 16 years, with the latest figure at 48.46% in Q4 2025.
- For the quarter ending Q4 2025, Gross Margin fell 501.0% year-over-year to 48.46%; the trailing twelve-month figure through Dec 2025 stood at 48.47% (down 2110.0% YoY), and the FY2025 full-year result was 47.87%, down 391.0% from the prior year.
- Gross Margin for Q4 2025 stood at 48.46%, up from 46.57% in the prior quarter.
- The five-year high for Gross Margin was 62.52% in Q1 2022, with the low at 46.57% in Q3 2025.
- Historically, Gross Margin has averaged 53.74% across 4 years, with a median of 53.46% in 2024.
- Annual changes were most pronounced in 2021 — Gross Margin tumbled 621 bps — and 2022, when it soared 695 bps.
- Equinor Asa's Gross Margin stood at 57.43% in 2021, then increased by 8 bps to 61.93% in 2022, then slipped by 14 bps to 53.46% in 2024, then fell by 9 bps to 48.46% in 2025.
- The last three Gross Margin figures came in at 48.46% (Q4 2025), 46.57% (Q3 2025), and 49.31% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | 48.18% |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | - |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | 49.51% |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 41.85% |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 71.73% |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | - |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | - |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 66.17% |
| 10 | Equinor Asa | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 48.46% |
| Sep 30, 2025 | 46.57% |
| Jun 30, 2025 | 49.31% |
| Dec 31, 2024 | 53.46% |
| Sep 30, 2024 | 48.44% |
| Jun 30, 2022 | 61.93% |
| Mar 31, 2022 | 62.52% |
| Jun 30, 2021 | 57.43% |
| Mar 31, 2021 | 55.57% |
| Dec 31, 2020 | 53.41% |
| Jun 30, 2020 | 63.64% |
| Mar 31, 2020 | 50.91% |
| Dec 31, 2019 | 55.68% |
| Sep 30, 2019 | 47.86% |
| Jun 30, 2019 | 89.19% |
| Mar 31, 2019 | 59.44% |
| Dec 31, 2018 | 54.79% |
| Sep 30, 2018 | 50.04% |
| Jun 30, 2018 | 47.89% |
| Mar 31, 2018 | 50.48% |