Equinor ASA (EQNR) Financial Ratios: P/E, ROE & More

Equinor ASA (EQNR) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Equinor ASA had a P/E ratio of 11.65 (up from 7.24), return on equity of 12.2% (down from 19.4%), debt-to-equity of 0.77 (up from 0.71) and a current ratio of 1.26 (down from 1.48). A current ratio of 1.26 means current assets exceed current liabilities. Its dividend yield was 6.38% with a payout ratio of 95.0%.

Equinor ASA Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2006	FY 2005
Period ending	Dec 2025	Dec 2024	Jan 2024	Dec 2022	Dec 2021	Dec 2020	Dec 2006	Dec 2005
Valuation Ratios
P/E Ratio	11.65	7.24	7.87	3.94	10.09	-	-	-
P/S Ratio	0.56	0.62	0.88	0.76	0.95	1.20	-	-
P/B Ratio	1.45	1.50	1.93	2.10	2.21	1.62	-	-
Price/Tangible Book	1.71	1.74	2.19	2.32	2.65	2.14	-	-
Price/FCF	9.83	8.74	5.01	4.29	4.16	28.81	-	-
Price/OCF	2.94	3.27	3.20	3.22	3.00	5.30	-	-
Enterprise Value Ratios
EV/Revenue	0.64	0.61	1.02	0.67	1.02	1.66	-	-
EV/EBITDA	1.91	1.66	2.40	1.20	2.05	5.48	-	-
EV/EBIT	2.55	2.15	3.02	1.34	2.69	30.29	-	-
EV/FCF	11.26	8.61	5.84	3.77	4.43	39.73	-	-
Profitability & Returns
Return on Equity (ROE)	12.21%	19.43%	23.23%	61.80%	23.53%	-14.65%	-	-
Return on Assets (ROA)	12.57%	13.25%	14.99%	30.34%	15.74%	1.28%	-	-
Return on Invested Capital (ROIC)	10.29%	17.60%	27.15%	67.22%	19.94%	2.20%	-	-
Return on Capital Employed (ROCE)	26.20%	30.60%	33.70%	64.90%	31.70%	2.40%	-	-
Leverage & Solvency Ratios
Debt/Equity	0.77	0.71	0.66	0.60	0.93	1.13	-	-
Debt/EBITDA	0.86	0.77	0.70	0.39	0.81	2.75	-	-
Debt/FCF	5.22	4.13	1.70	1.22	1.74	19.95	-	-
Liquidity Ratios
Current Ratio	1.26	1.48	1.72	1.78	1.60	1.62	-	-
Quick Ratio	0.98	0.97	1.40	1.55	1.36	1.35	-	-
Efficiency Ratios
Asset Turnover	0.81	0.75	0.71	0.98	0.67	0.37	-	-
Inventory Turnover	18.13	15.44	13.03	14.75	13.51	9.25	-	-
Yield & Distribution Ratios
Earnings Yield	8.58%	13.82%	12.71%	25.41%	9.91%	-10.01%	0.00%	0.00%
FCF Yield	10.17%	11.44%	19.98%	23.31%	24.04%	3.47%	0.00%	0.00%
Dividend Yield	6.38%	6.08%	3.94%	2.48%	2.66%	3.42%	0.00%	0.00%
Payout Ratio	95.00%	43.84%	28.04%	8.69%	20.99%	-	-	-
Buyback Yield	7.99%	6.52%	5.00%	2.23%	0.40%	1.95%	-	-
Total Return	14.38%	12.60%	8.94%	4.71%	3.06%	5.37%	0.00%	0.00%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Equinor ASA Financial Ratios

What is Equinor ASA's P/E ratio?

Equinor ASA's P/E ratio was 11.65 for fiscal 2025 (period ended Dec 31, 2025). It was 7.24 a year earlier.

What is Equinor ASA's return on equity?

Equinor ASA's return on equity (ROE) was 12.2% for fiscal 2025 (period ended Dec 31, 2025). It was 19.4% a year earlier.

What is Equinor ASA's debt-to-equity ratio?

Equinor ASA's debt-to-equity ratio was 0.77 for fiscal 2025 (period ended Dec 31, 2025). It was 0.71 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition