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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 $1.12T
LTM EBITDA $449B
$72.4B
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 of $1.12T and a last 12-month EBITDA of $449B.
In the most recent fiscal year, Equinor achieved revenue of $9.7B and an EBITDA of $4.0B.
Equinor expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Equinor valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $10.1B | $9.7B | XXX | XXX | XXX |
| Gross Profit | $8.4B | $4.5B | XXX | XXX | XXX |
| Gross Margin | 83% | 47% | XXX | XXX | XXX |
| EBITDA | $4.7B | $4.0B | XXX | XXX | XXX |
| EBITDA Margin | 46% | 41% | XXX | XXX | XXX |
| Net Profit | $2.7B | $1.1B | XXX | XXX | XXX |
| Net Margin | 27% | 12% | XXX | XXX | XXX |
| Net Debt | $1.8B | $1.9B | XXX | XXX | XXX |
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As of April 15, 2025, Equinor's stock price is NOK 248 (or $23).
Equinor has current market cap of NOK 671B (or $63.4B), and EV of NOK 766B (or $72.4B).
See Equinor trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $72.4B | $63.4B | XXX | XXX | XXX | XXX | $3.36 |
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Sign UpAs of April 15, 2025, Equinor has market cap of $63.4B and EV of $72.4B.
Equinor's trades at 0.7x LTM EV/Revenue multiple, and 1.7x LTM EBITDA.
Analysts estimate Equinor's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Equinor and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $72.4B | XXX | XXX | XXX |
| EV/Revenue | 7.5x | XXX | XXX | XXX |
| EV/EBITDA | 18.2x | XXX | XXX | XXX |
| P/E | 76.2x | XXX | XXX | XXX |
| P/E/Growth | 0.4x | XXX | XXX | XXX |
| EV/FCF | 96.5x | 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.
Sign UpEquinor's NTM/LTM revenue growth is -10%
Equinor's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $45K for the same period.
Over next 12 months, Equinor's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Equinor's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Equinor and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -4% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 41% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -15% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 31% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $45K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 12% | XXX | 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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Sign Up| 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 $63.4B |
| What is the current revenue of Equinor? | Equinor's last 12-month revenue is $1.12T. |
| What is the current EBITDA of Equinor? | Equinor's last 12-month EBITDA is $449B. |
| What is the current EV/Revenue multiple of Equinor? | Current revenue multiple of Equinor is 0.7x. |
| What is the current EV/EBITDA multiple of Equinor? | Current EBITDA multiple of Equinor is 1.7x. |
| What is the current revenue growth of Equinor? | Equinor revenue growth between 2023 and 2024 was -4%. |
| Is Equinor profitable? | Yes, Equinor is EBITDA-positive (as of the last 12 months). |
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