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ENB vs. EQNR: Enbridge vs. Equinor Stock Comparison

How do Enbridge (ENB) 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

Enbridge (ENB) and Equinor (EQNR) both belong to the Oil, Gas & Consumable Fuels industry, though ENB is classified under Oil & Gas Storage & Transportation while EQNR falls under Integrated Oil & Gas.

Enbridge (ENB) trades as ordinary local shares, while Equinor (EQNR) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Enbridge (ENB) and Equinor (EQNR)
Profile ItemENBEQNR
NameEnbridge Inc.Equinor ASA Sponsored ADR
Country/RegionCanadaNorway
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationIntegrated Oil & Gas
Market Capitalization104.51 billion USD99.39 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 15, 1984June 18, 2001
Security TypeCommon StockADR

Price Performance

Cumulative Growth

ENB
EQNR
GSPC
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Enbridge (ENB) 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 Enbridge (ENB) and Equinor (EQNR). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Enbridge (ENB) and Equinor (EQNR)
MetricENBEQNR
Total Return (1Y)3.49%78.03%
Total Return (3Y, Annualized)19.14%17.56%
Total Return (5Y, Annualized)8.72%17.66%

Risk Profile

Drawdown History

ENB
EQNR
GSPC
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Enbridge (ENB) 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 Enbridge (ENB) and Equinor (EQNR). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Enbridge (ENB) and Equinor (EQNR)
MetricENBEQNR
Volatility (1Y, Annualized)18.30%40.50%
Beta (5Y)0.590.18
Max Drawdown (5Y)-28.31%-34.57%
Avg. Volume (3M)5.05M3.77M

Risk-Adjusted Performance

Risk-Return Positioning

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ENB 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 Enbridge (ENB) and Equinor (EQNR)
MetricENBEQNR
Sharpe Ratio (1Y)-0.041.82
Sortino Ratio (1Y)-0.062.76

Profitability

ROE (TTM)

Equinor (EQNR) at 27.57% sits in the top ROE quartile, while Enbridge (ENB) at 9.22% is closer to the peer norm — stronger capital efficiency for EQNR.

ENB

Energy industry group

9.22%

Max
53.85%
Q3
24.79%
Median
12.85%
ENB
9.22%
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%
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Enbridge (ENB) vs. Equinor (EQNR): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Enbridge (ENB) at 7.34% 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.

ENB

Energy industry group

7.34%

Max
56.92%
Q3
22.92%
Median
10.10%
ENB
7.34%
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%
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Enbridge (ENB) 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 Enbridge (ENB) at 10.16%, which runs around its industry’s norm.

ENB

Energy industry group

10.16%

Max
71.31%
Q3
33.75%
Median
18.73%
ENB
10.16%
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%
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Enbridge (ENB) vs. Equinor (EQNR): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Enbridge (ENB) and Equinor (EQNR)
MetricENBEQNR
ROE (TTM)9.22%27.57%
ROA (TTM)3.29%17.10%
Net Margin (TTM)7.34%9.79%
Operating Margin (TTM)10.16%37.00%
Gross Margin (TTM)32.59%43.18%

Growth

Revenue Growth

Enbridge (ENB) at 21.92% sits in the top revenue growth quartile, while Equinor (EQNR) at 3.24% is closer to the peer norm — faster top-line expansion for ENB.

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

EPS Growth

Enbridge (ENB) at 37.61% sits in the top EPS growth quartile, while Equinor (EQNR) at -37.62% is closer to the peer norm — faster per-share earnings growth for ENB.

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

Growth Metrics

Growth metrics for Enbridge (ENB) and Equinor (EQNR)
MetricENBEQNR
Revenue Growth (YoY)21.92%3.24%
Revenue Growth (3Y CAGR)6.94%-10.78%
EPS Growth (YoY)37.61%-37.62%
EPS Growth (3Y CAGR)36.00%-40.11%

Financial Strength

Current Ratio (MRQ)

Equinor (EQNR) at 1.18 keeps current ratio within its industry’s typical mid-range, while Enbridge (ENB) at 0.72 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ENB.

ENB

Energy industry group

0.72

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
ENB
0.72
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
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Enbridge (ENB) vs. Equinor (EQNR): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Equinor (EQNR) at 0.66 carries an industry-typical debt-to-equity mix, while Enbridge (ENB) at 1.63 uses more debt funding than most peers.

ENB

Energy industry group

1.63

Max
1.75
ENB
1.63
Q3
0.93
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
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Enbridge (ENB) vs. Equinor (EQNR): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Enbridge (ENB) and Equinor (EQNR)
MetricENBEQNR
Current Ratio (MRQ)0.721.18
Debt / Equity (MRQ)1.630.66
Net Debt / EBITDA6.330.12

Dividends

Dividend Yield (TTM)

Enbridge (ENB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Equinor (EQNR) reports a yield of 3.67%, ranking against industry peers normally.

ENB

Energy industry group

0.00%

Max
8.57%
Q3
3.58%
Median
1.71%
ENB
0.00%
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%
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Enbridge (ENB) vs. Equinor (EQNR): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Enbridge (ENB) reports payout ratio above 100% at 147.68%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Equinor (EQNR) reports 31.54%, ranking against industry peers normally.

ENB

Energy industry group

147.68%

ENB
147.68%
Max
133.24%
Q3
53.31%
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%
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Enbridge (ENB) vs. Equinor (EQNR): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Enbridge (ENB) and Equinor (EQNR)
MetricENBEQNR
Dividend Yield (TTM)0.00%3.67%
Dividend Payout Ratio (TTM)147.68%31.54%

Valuation

P/E Ratio (TTM)

Equinor (EQNR) at 8.71 is near its industry’s usual P/E ratio, while Enbridge (ENB) at 22.65 sits in the richer quartile — ENB needs stronger growth or earnings quality to justify the premium.

ENB

Energy industry group

22.65

Max
39.54
ENB
22.65
Q3
21.72
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
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Enbridge (ENB) vs. Equinor (EQNR): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Equinor (EQNR) at 0.82 sits in the cheaper P/S ratio quartile while Enbridge (ENB) at 1.25 prices around its industry’s middle — EQNR costs less per dollar of sales, though read it alongside growth and margins.

ENB

Energy industry group

1.25

Max
5.40
Q3
2.85
Median
1.69
ENB
1.25
Q1
0.88
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
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Enbridge (ENB) vs. Equinor (EQNR): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Enbridge (ENB) at 2.59 sits in the upper P/B ratio quartile, and Equinor (EQNR) at 4.44 prices even higher, above its industry range.

ENB

Energy industry group

2.59

Max
4.21
ENB
2.59
Q3
2.38
Median
1.51
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
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Enbridge (ENB) vs. Equinor (EQNR): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Enbridge (ENB) and Equinor (EQNR)
MetricENBEQNR
P/E Ratio (TTM)22.658.71
P/S Ratio (TTM)1.250.82
P/B Ratio (MRQ)2.594.44
Free Cash Flow Yield (TTM)-1.01%32.55%