EQNR financial statements
The full income statement, balance sheet, and cash-flow statement for Equinor ASA (EQNR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 106B+2.6% | 104B-3.2% | 107B-28.9% | 151B+65.9% | 90.9B+98.4% | |
| Cost of revenue | 55.2B+10.2% | 50.0B+3.9% | 48.2B-10.5% | 53.8B+53.0% | 35.2B+67.5% | |
| Research & development | 352M+1.1% | 348M+11.9% | 311M+1.0% | 308M+5.8% | 291M+14.6% | |
| Operating income | 25.4B-18.0% | 30.9B-13.5% | 35.8B-54.6% | 78.8B+134.1% | 33.7B+1083.4% | |
| Pre-tax income | 25.1B-19.0% | 31.0B-18.2% | 37.9B-51.8% | 78.6B+148.9% | 31.6B+841.6% | |
| Income tax | 20.0B-9.6% | 22.2B-14.7% | 26.0B-47.9% | 49.9B+116.7% | 23.0B+1759.9% | |
| 5.06B-42.7% | 8.83B-25.8% | 11.9B-58.6% | 28.7B+235.2% | 8.58B+256.0% | ||
| Net income to common | 5.04B-42.7% | 8.81B-25.9% | 11.9B-58.7% | 28.7B+235.7% | 8.56B+255.4% | |
| $1.94-37.6% | $3.11-20.9% | $3.93-56.5% | $9.03+243.3% | $2.63+255.6% | ||
| EPS (basic) | $1.94-37.8% | $3.12-20.6% | $3.93-56.6% | $9.06+243.2% | $2.64+256.2% | |
| Weighted-avg shares (basic) | 2.59B-8.1% | 2.82B-6.6% | 3.02B-4.8% | 3.17B-2.2% | 3.25B-0.7% | |
| Weighted-avg shares (diluted) | 2.60B-8.0% | 2.83B-6.6% | 3.03B-4.9% | 3.18B | — | |
| Dividends per share | $1.48-47.1% | $2.80-22.2% | $3.60+114.3% | $1.68+200.0% | $0.56-21.1% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| — | — | 61.0B-20.9% | 77.2B+24.8% | 61.8B+100.6% | ||
| Cash & equivalents | 5.04B-14.7% | 5.90B-26.9% | 8.07B-14.6% | 9.45B-32.4% | 14.0B+107.0% | |
| Inventory | 3.33B-17.4% | 4.03B+5.7% | 3.81B-26.7% | 5.21B+53.3% | 3.40B+10.1% | |
| 132B+0.4% | 131B-8.7% | 144B-9.1% | 158B+7.4% | 147B+17.9% | ||
| Property, plant & equipment | — | — | 58.8B+4.1% | 56.5B-9.0% | 62.1B-9.4% | |
| Total non-current assets | 92.8B+19.0% | 77.9B-4.4% | 81.5B+2.1% | 79.9B-5.6% | 84.6B-8.6% | |
| — | — | 35.7B-18.0% | 43.5B+11.6% | 39.0B+100.0% | ||
| Short-term & current debt | 4.05B-44.0% | 7.22B+20.5% | 6.00B+37.6% | 4.36B-17.3% | 5.27B+14.9% | |
| 91.2B+2.8% | 88.8B-6.6% | 95.1B-8.6% | 104B-3.8% | 108B+18.9% | ||
| Long-term debt | 23.8B+22.7% | 19.4B-12.9% | 22.2B-7.9% | 24.1B-11.9% | 27.4B-5.9% | |
| 40.4B-4.5% | 42.3B-12.7% | 48.5B-10.2% | 54.0B+38.4% | 39.0B+15.2% | ||
| Total equity incl. non-controlling | 40.5B-4.4% | 42.4B-12.6% | 48.5B-10.2% | 54.0B+38.3% | 39.0B+15.1% | |
| Common shares issued | 2.56B-8.4% | 2.79B-7.0% | 3.00B-5.4% | 3.18B-2.5% | 3.26B+0.0% | |
| Shares outstanding (cover) | 2.50B-15.1% | 2.94B+0.0% | 2.94B-5.7% | 3.12B-3.4% | 3.23B-0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 20.0B+2.6% | 19.5B-33.5% | 29.3B-16.7% | 35.1B+21.9% | 28.8B+177.5% | ||
| Depreciation & amortization | 9.84B+1.6% | 9.68B+3.3% | 9.37B+5.6% | 8.88B-14.9% | 10.4B+9.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 5.92B | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 2.40B-7.4% | 2.59B-8.0% | 2.82B+1027.2% | 250M-90.7% | 2.67B+30.2% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 269M+77.0% | 152M-46.9% | 286M+36.2% | 210M-8.7% | 230M+63.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 59.1B-11.8% | 67.0B-32.2% | 98.8B-14.7% | 116B+36.0% | 85.1B+59.7% | |
| P/E | 11.7×+54.0% | 7.6×+120.7% | 3.4×-74.5% | 13.5×+36.0% | 9.9× | |
| P/S | 0.6×-14.0% | 0.6×-1.5% | 0.7×-48.5% | 1.3×+36.0% | 0.9×-19.5% | |
| P/B | 1.5×-7.6% | 1.6×-13.6% | 1.8×-38.3% | 3.0×+36.0% | 2.2×+38.6% | |
| Earnings yield | 8.6%-35.1% | 13.2%-54.7% | 29.1%+292.7% | 7.4%-26.5% | 10.1% | |
| Dividend yield | 6.3%-47.0% | 11.8%+3.9% | 11.4%+142.5% | 4.7%+120.6% | 2.1%-50.8% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F/A |
About this data
Source: EQNR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EQNR filings on SEC EDGAR → Not investment advice.