EQNR vs. EQT: Equinor vs. EQT Stock Comparison

November 11, 2026

How do Equinor (EQNR) and EQT (EQT) 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

Equinor (EQNR) and EQT (EQT) both belong to the Oil, Gas & Consumable Fuels industry, though EQNR is classified under Integrated Oil & Gas while EQT falls under Oil & Gas Exploration & Production.

EQT (EQT) 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 Equinor (EQNR) and EQT (EQT)
Profile Item	EQNR	EQT
Name	Equinor ASA Sponsored ADR	EQT Corporation
Country/Region	Norway	United States
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	Oil & Gas Exploration & Production
Market Capitalization	99.39 billion USD	30.90 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 18, 2001	March 17, 1980
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

EQNR

EQT

GSPC

Equinor (EQNR) vs. EQT (EQT), 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 Equinor (EQNR) and EQT (EQT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Equinor (EQNR) and EQT (EQT)
Metric	EQNR	EQT
Total Return (1Y)	78.03%	-12.42%
Total Return (3Y, Annualized)	17.56%	9.89%
Total Return (5Y, Annualized)	17.66%	21.61%

Risk Profile

Drawdown History

EQNR

EQT

GSPC

Equinor (EQNR) vs. EQT (EQT), 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 Equinor (EQNR) and EQT (EQT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinor (EQNR) and EQT (EQT)
Metric	EQNR	EQT
Volatility (1Y, Annualized)	40.50%	30.02%
Beta (5Y)	0.18	0.70
Max Drawdown (5Y)	-34.57%	-42.56%
Avg. Volume (3M)	3.77M	7.75M

Risk-Adjusted Performance

Risk-Return Positioning

EQNR and EQT 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 Equinor (EQNR) and EQT (EQT)
Metric	EQNR	EQT
Sharpe Ratio (1Y)	1.82	-0.56
Sortino Ratio (1Y)	2.76	-0.80

Profitability

ROE (TTM)

Equinor (EQNR) at 27.57% sits in the top ROE quartile, while EQT (EQT) at 10.49% is closer to the peer norm — stronger capital efficiency for EQNR.

EQNR

Energy industry group

27.57%

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

EQT

Energy industry group

10.49%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
EQT: 10.49%
Q1: 2.03%
Min: -29.09%

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

Net Margin (TTM)

EQT (EQT) at 29.01% retains a top-quartile share of revenue as profit, ahead of Equinor (EQNR) at 9.79%, which keeps about the industry-typical share.

EQNR

Energy industry group

9.79%

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

EQT

Energy industry group

29.01%

Max: 56.92%
EQT: 29.01%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Equinor (EQNR) vs. EQT (EQT): 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 EQT (EQT) at 28.24%, which runs around its industry’s norm.

EQNR

Energy industry group

37.00%

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

EQT

Energy industry group

28.24%

Max: 71.31%
Q3: 33.75%
EQT: 28.24%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for Equinor (EQNR) and EQT (EQT)
Metric	EQNR	EQT
ROE (TTM)	27.57%	10.49%
ROA (TTM)	17.10%	6.25%
Net Margin (TTM)	9.79%	29.01%
Operating Margin (TTM)	37.00%	28.24%
Gross Margin (TTM)	43.18%	80.40%

Growth

Revenue Growth

EQT (EQT) at 59.96% clears its industry range for revenue growth, far stronger top-line momentum than Equinor (EQNR) at 3.24%, which is closer to a typical peer reading.

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

EPS Growth

EQT (EQT) at 635.56% clears its industry range for EPS growth, a much stronger earnings trajectory than Equinor (EQNR) at -37.62%, which is closer to a typical peer reading.

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

Growth Metrics

Growth metrics for Equinor (EQNR) and EQT (EQT)
Metric	EQNR	EQT
Revenue Growth (YoY)	3.24%	59.96%
Revenue Growth (3Y CAGR)	-10.78%	-11.72%
EPS Growth (YoY)	-37.62%	635.56%
EPS Growth (3Y CAGR)	-40.11%	-8.91%

Financial Strength

Current Ratio (MRQ)

Equinor (EQNR) at 1.18 keeps current ratio within its industry’s typical mid-range, while EQT (EQT) at 0.71 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for EQT.

EQNR

Energy industry group

1.18

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

EQT

Energy industry group

0.71

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
EQT: 0.71
Min: 0.24

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

Debt / Equity (MRQ)

EQT (EQT) at 0.19 keeps leverage in the lower industry quartile, while Equinor (EQNR) at 0.66 runs a more typical debt-to-equity mix.

EQNR

Energy industry group

0.66

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

EQT

Energy industry group

0.19

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
EQT: 0.19
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for Equinor (EQNR) and EQT (EQT)
Metric	EQNR	EQT
Current Ratio (MRQ)	1.18	0.71
Debt / Equity (MRQ)	0.66	0.19
Net Debt / EBITDA	0.12	0.81

Dividends

Dividend Yield (TTM)

Equinor (EQNR) at 3.67% delivers top-quartile income for its industry, while EQT (EQT) at 1.30% pays a more typical yield — both are credible income propositions, EQNR the richer one.

EQNR

Energy industry group

3.67%

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

EQT

Energy industry group

1.30%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
EQT: 1.30%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both Equinor (EQNR) at 31.54% and EQT (EQT) at 15.64% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EQNR

Energy industry group

31.54%

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

EQT

Energy industry group

15.64%

Max: 133.24%
Q3: 53.31%
Median: 25.24%
EQT: 15.64%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Equinor (EQNR) and EQT (EQT)
Metric	EQNR	EQT
Dividend Yield (TTM)	3.67%	1.30%
Dividend Payout Ratio (TTM)	31.54%	15.64%

Valuation

P/E Ratio (TTM)

Both Equinor (EQNR) at 8.71 and EQT (EQT) at 11.71 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EQNR

Energy industry group

8.71

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

EQT

Energy industry group

11.71

Max: 39.54
Q3: 21.72
Median: 12.19
EQT: 11.71
Q1: 7.71
Min: 2.99

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

P/S Ratio (TTM)

Equinor (EQNR) at 0.82 looks cheap on sales in the lower P/S ratio quartile, while EQT (EQT) at 3.38 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

EQNR

Energy industry group

0.82

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

EQT

Energy industry group

3.38

Max: 5.40
EQT: 3.38
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

EQT (EQT) at 1.21 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.

EQNR

Energy industry group

4.44

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

EQT

Energy industry group

1.21

Max: 4.21
Q3: 2.38
Median: 1.51
EQT: 1.21
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for Equinor (EQNR) and EQT (EQT)
Metric	EQNR	EQT
P/E Ratio (TTM)	8.71	11.71
P/S Ratio (TTM)	0.82	3.38
P/B Ratio (MRQ)	4.44	1.21
Free Cash Flow Yield (TTM)	32.55%	8.01%