E vs. EQNR: Eni vs. Equinor Stock Comparison

November 11, 2026

How do Eni (E) and Equinor (EQNR) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Eni (E) and Equinor (EQNR) are both classified in the Integrated Oil & Gas sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Both Eni (E) and Equinor (EQNR) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Company profile comparison for Eni (E) and Equinor (EQNR)
Profile Item	E	EQNR
Name	Eni S.p.A. Sponsored ADR	Equinor ASA Sponsored ADR
Country/Region	Italy	Norway
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Integrated Oil & Gas	Integrated Oil & Gas
Market Capitalization	78.96 billion USD	99.39 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 28, 1995	June 18, 2001
Security Type	ADR	ADR

Price Performance

Cumulative Growth

EQNR

GSPC

Eni (E) vs. Equinor (EQNR), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Eni (E) and Equinor (EQNR). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Eni (E) and Equinor (EQNR). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Eni (E) and Equinor (EQNR)
Metric	E	EQNR
Total Return (1Y)	56.40%	78.03%
Total Return (3Y, Annualized)	27.06%	17.56%
Total Return (5Y, Annualized)	20.08%	17.66%

Risk Profile

Drawdown History

EQNR

GSPC

Eni (E) vs. Equinor (EQNR), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Eni (E) and Equinor (EQNR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Eni (E) and Equinor (EQNR)
Metric	E	EQNR
Volatility (1Y, Annualized)	28.11%	40.50%
Beta (5Y)	0.42	0.18
Max Drawdown (5Y)	-33.71%	-34.57%
Avg. Volume (3M)	367.73K	3.77M

Risk-Adjusted Performance

Risk-Return Positioning

E and EQNR are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Eni (E) and Equinor (EQNR)
Metric	E	EQNR
Sharpe Ratio (1Y)	1.85	1.82
Sortino Ratio (1Y)	2.86	2.76

Profitability

ROE (TTM)

Equinor (EQNR) at 27.57% sits in the top ROE quartile, while Eni (E) at 13.14% is closer to the peer norm — stronger capital efficiency for EQNR.

E

Energy industry group

13.14%

Max: 53.85%
Q3: 24.79%
E: 13.14%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

EQNR

Energy industry group

27.57%

Max: 53.85%
EQNR: 27.57%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

Eni (E) vs. Equinor (EQNR): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Eni (E) at 7.90% and Equinor (EQNR) at 9.79% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

E

Energy industry group

7.90%

Max: 56.92%
Q3: 22.92%
Median: 10.10%
E: 7.90%
Q1: 0.07%
Min: -27.38%

EQNR

Energy industry group

9.79%

Max: 56.92%
Q3: 22.92%
Median: 10.10%
EQNR: 9.79%
Q1: 0.07%
Min: -27.38%

Eni (E) vs. Equinor (EQNR): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Equinor (EQNR) at 37.00% operates in the top operating margin quartile, ahead of Eni (E) at 8.58%, which runs around its industry’s norm.

E

Energy industry group

8.58%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
E: 8.58%
Q1: 6.94%
Min: -24.52%

EQNR

Energy industry group

37.00%

Max: 71.31%
EQNR: 37.00%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Eni (E) vs. Equinor (EQNR): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Eni (E) and Equinor (EQNR)
Metric	E	EQNR
ROE (TTM)	13.14%	27.57%
ROA (TTM)	3.56%	17.10%
Net Margin (TTM)	7.90%	9.79%
Operating Margin (TTM)	8.58%	37.00%
Gross Margin (TTM)	21.94%	43.18%

Growth

Revenue Growth

Equinor (EQNR) at 3.24% is around its peer norm for revenue growth, while Eni (E) at -7.48% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Eni (E) vs. Equinor (EQNR): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Eni (E) at 0.00% and Equinor (EQNR) at -37.62% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Eni (E) vs. Equinor (EQNR): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Eni (E) and Equinor (EQNR)
Metric	E	EQNR
Revenue Growth (YoY)	-7.48%	3.24%
Revenue Growth (3Y CAGR)	-14.73%	-10.78%
EPS Growth (YoY)	0.00%	-37.62%
EPS Growth (3Y CAGR)	-41.77%	-40.11%

Financial Strength

Current Ratio (MRQ)

Both Eni (E) at 1.21 and Equinor (EQNR) at 1.18 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

E

Energy industry group

1.21

Max: 3.64
Q3: 2.21
Median: 1.41
E: 1.21
Q1: 0.88
Min: 0.24

EQNR

Energy industry group

1.18

Max: 3.64
Q3: 2.21
Median: 1.41
EQNR: 1.18
Q1: 0.88
Min: 0.24

Eni (E) vs. Equinor (EQNR): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Eni (E) at 0.69 and Equinor (EQNR) at 0.66 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

E

Energy industry group

0.69

Max: 1.75
Q3: 0.93
E: 0.69
Median: 0.54
Q1: 0.30
Min: 0.00

EQNR

Energy industry group

0.66

Max: 1.75
Q3: 0.93
EQNR: 0.66
Median: 0.54
Q1: 0.30
Min: 0.00

Eni (E) vs. Equinor (EQNR): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Eni (E) and Equinor (EQNR)
Metric	E	EQNR
Current Ratio (MRQ)	1.21	1.18
Debt / Equity (MRQ)	0.69	0.66
Net Debt / EBITDA	1.35	0.12

Dividends

Dividend Yield (TTM)

Equinor (EQNR) at 3.67% delivers top-quartile income for its industry, while Eni (E) at 0.48% pays a more typical yield — both are credible income propositions, EQNR the richer one.

E

Energy industry group

0.48%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
E: 0.48%
Q1: 0.00%
Min: 0.00%

EQNR

Energy industry group

3.67%

Max: 8.57%
EQNR: 3.67%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Eni (E) vs. Equinor (EQNR): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Eni (E) at 45.83% and Equinor (EQNR) at 31.54% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

E

Energy industry group

45.83%

Max: 133.24%
Q3: 53.31%
E: 45.83%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

EQNR

Energy industry group

31.54%

Max: 133.24%
Q3: 53.31%
EQNR: 31.54%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Eni (E) vs. Equinor (EQNR): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Eni (E) and Equinor (EQNR)
Metric	E	EQNR
Dividend Yield (TTM)	0.48%	3.67%
Dividend Payout Ratio (TTM)	45.83%	31.54%

Valuation

P/E Ratio (TTM)

Both Eni (E) at 16.36 and Equinor (EQNR) at 8.71 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

E

Energy industry group

16.36

Max: 39.54
Q3: 21.72
E: 16.36
Median: 12.19
Q1: 7.71
Min: 2.99

EQNR

Energy industry group

8.71

Max: 39.54
Q3: 21.72
Median: 12.19
EQNR: 8.71
Q1: 7.71
Min: 2.99

Eni (E) vs. Equinor (EQNR): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both Eni (E) at 0.81 and Equinor (EQNR) at 0.82 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

E

Energy industry group

0.81

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
E: 0.81
Min: 0.00

EQNR

Energy industry group

0.82

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
EQNR: 0.82
Min: 0.00

Eni (E) vs. Equinor (EQNR): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Eni (E) at 1.31 sits near its industry’s typical P/B ratio, while Equinor (EQNR) at 4.44 prices above its benchmark range — EQNR looks rich relative to book.

E

Energy industry group

1.31

Max: 4.21
Q3: 2.38
Median: 1.51
E: 1.31
Q1: 1.08
Min: 0.01

EQNR

Energy industry group

4.44

EQNR: 4.44
Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Eni (E) vs. Equinor (EQNR): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Eni (E) and Equinor (EQNR)
Metric	E	EQNR
P/E Ratio (TTM)	16.36	8.71
P/S Ratio (TTM)	0.81	0.82
P/B Ratio (MRQ)	1.31	4.44
Free Cash Flow Yield (TTM)	7.39%	32.55%