To the full analysis
Buyback calculator for Equinor
Equinor stock: key metrics
EQNR.OLEquinor had an operating margin of 25.1% and a return on invested capital (ROIC) of 26.4% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 34.9% | 32.8% | 9.8% |
| 2007 | 30.8% | 30.2% | 8.3% |
| 2008 | 31.6% | 31.1% | 6.6% |
| 2009 | 28.7% | 27.8% | 4.0% |
| 2010 | 28.0% | 27.0% | 7.2% |
| 2011 | 30.8% | 28.7% | 12.2% |
| 2012 | 28.6% | 27.0% | 9.8% |
| 2013 | 24.4% | 22.9% | 6.5% |
| 2014 | 21.6% | 20.8% | 3.6% |
| 2015 | 12.9% | 12.2% | −8.1% |
| 2016 | 5.5% | 3.9% | −6.4% |
| 2017 | 21.5% | 20.3% | 7.5% |
| 2018 | 24.5% | 23.5% | 9.6% |
| 2019 | 15.9% | 15.8% | 3.1% |
| 2020 | 11.2% | 9.6% | −12.1% |
| 2021 | 36.8% | 35.9% | 9.8% |
| 2022 | 52.0% | 51.4% | 19.3% |
| 2023 | 33.8% | 32.7% | 11.1% |
| 2024 | 29.8% | 28.6% | 8.6% |
| 2025 | 26.3% | 25.1% | 4.8% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 41.7% | 56.2% | 16.1% |
| 2007 | 24.7% | 54.6% | 9.1% |
| 2008 | 23.9% | 50.2% | 8.9% |
| 2009 | 9.2% | 25.7% | 3.3% |
| 2010 | 17.3% | 25.0% | 5.9% |
| 2011 | 28.3% | 28.5% | 10.3% |
| 2012 | 21.4% | 27.2% | 8.7% |
| 2013 | 11.9% | 18.7% | 4.8% |
| 2014 | 6.4% | 14.4% | 2.5% |
| 2015 | −10.5% | 5.5% | −3.9% |
| 2016 | −8.1% | 2.5% | −2.7% |
| 2017 | 11.5% | 11.3% | 4.1% |
| 2018 | 16.3% | 15.8% | 6.2% |
| 2019 | 4.5% | 8.6% | 1.6% |
| 2020 | −17.8% | 6.9% | −5.0% |
| 2021 | 21.4% | 32.3% | 5.7% |
| 2022 | 52.9% | 92.0% | 18.1% |
| 2023 | 25.6% | 44.4% | 8.6% |
| 2024 | 19.6% | 29.8% | 6.3% |
| 2025 | 12.8% | 26.4% | 3.9% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = NOK 9.5325)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 9 May 2025)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.