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Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2023 (53% liquids) and ended 2023 with 5.2 billion barrels of proven reserves (49% liquids). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.
1972
25.7K+
LTM Revenue $1.11T
LTM EBITDA $432B
$68.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Equinor has a last 12-month revenue (LTM) of $1.11T and a last 12-month EBITDA of $432B.
In the most recent fiscal year, Equinor achieved revenue of $10.0B and an EBITDA of $4.1B.
Equinor expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Equinor valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $1.11T | XXX | $10.0B | XXX | XXX | XXX |
| Gross Profit | $562B | XXX | $4.2B | XXX | XXX | XXX |
| Gross Margin | 51% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $432B | XXX | $4.1B | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 41% | XXX | XXX | XXX |
| EBIT | $326B | XXX | $3.0B | XXX | XXX | XXX |
| EBIT Margin | 29% | XXX | 30% | XXX | XXX | XXX |
| Net Profit | $92.4B | XXX | $861M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $2.0B | XXX | XXX | XXX |
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As of May 30, 2025, Equinor's stock price is NOK 239 (or $23).
Equinor has current market cap of NOK 648B (or $63.3B), and EV of NOK 698B (or $68.2B).
See Equinor trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $68.2B | $63.3B | XXX | XXX | XXX | XXX | $3.31 |
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Start Free TrialAs of May 30, 2025, Equinor has market cap of $63.3B and EV of $68.2B.
Equinor's trades at 6.8x EV/Revenue multiple, and 16.6x EV/EBITDA.
Equity research analysts estimate Equinor's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Equinor has a P/E ratio of 7.0x.
See valuation multiples for Equinor and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $63.3B | XXX | $63.3B | XXX | XXX | XXX |
| EV (current) | $68.2B | XXX | $68.2B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 6.8x | XXX | XXX | XXX |
| EV/EBITDA | 1.6x | XXX | 16.6x | XXX | XXX | XXX |
| EV/EBIT | 2.1x | XXX | 23.0x | XXX | XXX | XXX |
| EV/Gross Profit | 1.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 7.0x | XXX | 73.6x | XXX | XXX | XXX |
| EV/FCF | 7.4x | XXX | 88.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialEquinor's last 12 month revenue growth is -8%
Equinor's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $47K for the same period.
Equinor's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Equinor's rule of X is 18% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Equinor and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -8% | XXX | 211% | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 41% | XXX | XXX | XXX |
| EBITDA Growth | -11% | XXX | 182% | XXX | XXX | XXX |
| Rule of 40 | 38% | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 18% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $47K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 12% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC Drilling Company | XXX | XXX | XXX | XXX | XXX | XXX |
| ADNOC Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Dana Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| TAQA | XXX | XXX | XXX | XXX | XXX | XXX |
| AGL Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Equinor acquired XXX companies to date.
Last acquisition by Equinor was XXXXXXXX, XXXXX XXXXX XXXXXX . Equinor acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Equinor founded? | Equinor was founded in 1972. |
| Where is Equinor headquartered? | Equinor is headquartered in Norway. |
| How many employees does Equinor have? | As of today, Equinor has 25.7K+ employees. |
| Who is the CEO of Equinor? | Equinor's CEO is Mr. Anders Opedal. |
| Is Equinor publicy listed? | Yes, Equinor is a public company listed on OSL. |
| What is the stock symbol of Equinor? | Equinor trades under EQNR ticker. |
| When did Equinor go public? | Equinor went public in 2001. |
| Who are competitors of Equinor? | Similar companies to Equinor include e.g. ADNOC Drilling Company, ADNOC Gas, Dana Gas, TAQA. |
| What is the current market cap of Equinor? | Equinor's current market cap is $63.3B |
| What is the current revenue of Equinor? | Equinor's last 12 months revenue is $1.11T. |
| What is the current revenue growth of Equinor? | Equinor revenue growth (NTM/LTM) is -8%. |
| What is the current EV/Revenue multiple of Equinor? | Current revenue multiple of Equinor is 0.6x. |
| Is Equinor profitable? | Yes, Equinor is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Equinor? | Equinor's last 12 months EBITDA is $432B. |
| What is Equinor's EBITDA margin? | Equinor's last 12 months EBITDA margin is 39%. |
| What is the current EV/EBITDA multiple of Equinor? | Current EBITDA multiple of Equinor is 1.6x. |
| What is the current FCF of Equinor? | Equinor's last 12 months FCF is $94.4B. |
| What is Equinor's FCF margin? | Equinor's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Equinor? | Current FCF multiple of Equinor is 7.4x. |
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