Equinor Asa annual free cash flow
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Equinor Asa Free Cash Flow (FCF) History (EQNR)
Equinor Asa reported $5.98B in free cash flow for fiscal 2025, a decrease of 17.99% from the previous fiscal year, with a free cash flow margin of 5.61%.
View full Equinor Asa company overviewEquinor Asa free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.98B | −$1.31B | −17.99% | +5.61% |
| 2024 | 2024-12-31 | $7.29B | −$11.39B | −60.99% | +7.02% |
| 2023 | 2023-12-31 | $18.68B | −$7.70B | −29.18% | +17.43% |
| 2022 | 2022-12-31 | $26.38B | $5.60B | +26.96% | +17.49% |
| 2021 | 2021-12-31 | $20.78B | $18.87B | +987.75% | +22.85% |
| 2020 | 2020-12-31 | $1.91B | −$1.64B | −46.12% | +4.17% |
| 2019 | 2019-12-31 | $3.54B | −$4.78B | −57.43% | +5.51% |
| 2018 | 2018-12-31 | $8.33B | $4.28B | +105.76% | +10.46% |
| 2017 | 2017-12-31 | $4.05B | $7.42B | — | +6.61% |
| 2016 | 2016-12-31 | −$3.37B | −$1.48B | — | −7.35% |
| 2015 | 2015-12-31 | −$1.89B | — | — | −3.17% |
Equinor Asa quarterly free cash flow
Q2.17
Q1.18
Q2.18
Q1.19
Q2.19
Q1.20
Q2.20
Q1.21
Q2.21
Q1.22
Q2.22
Q3.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $6.60B | $7.52B | — | +19.11% |
| Q1 2026 | 2026-03-31 | $2.10B | — | — | +7.54% |
| Q4 2025 | 2025-12-31 | −$2.04B | — | — | −8.06% |
| Q3 2025 | 2025-09-30 | $2.93B | −$471.0M | −13.87% | +11.23% |
| Q2 2025 | 2025-06-30 | −$924.0M | — | — | −3.67% |
| Q3 2024 | 2024-09-30 | $3.40B | — | — | +13.35% |
| Q2 2022 | 2022-06-30 | $6.81B | $1.91B | +39.03% | +18.67% |
| Q1 2022 | 2022-03-31 | $13.59B | $9.76B | +254.53% | +37.34% |
| Q2 2021 | 2021-06-30 | $4.90B | $6.43B | — | +28.04% |
| Q1 2021 | 2021-03-31 | $3.83B | $1.14B | +42.33% | +21.79% |
| Q2 2020 | 2020-06-30 | −$1.53B | −$1.36B | — | −20.14% |
| Q1 2020 | 2020-03-31 | $2.69B | −$408.0M | −13.16% | +17.80% |
| Q2 2019 | 2019-06-30 | −$173.0M | −$401.0M | — | −1.01% |
| Q1 2019 | 2019-03-31 | $3.10B | −$1.45B | −31.79% | +18.81% |
| Q2 2018 | 2018-06-30 | $228.0M | −$1.48B | −86.63% | +1.26% |
| Q1 2018 | 2018-03-31 | $4.55B | — | — | +22.86% |
| Q2 2017 | 2017-06-30 | $1.71B | — | — | +11.42% |
Equinor Asa free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $1.91B to $5.98B, a compound annual growth rate of 25.63%. Equinor Asa's latest reported quarter, Q2 2026, generated $6.60B in free cash flow, an increase of $7.52B year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
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