Filing Flows › Equinor ASA (EQNR) › Q3 2025 › vs Q3 2024
Equinor ASA (EQNR) Q3 2025 vs Q3 2024 (year over year)
Equinor ASA's revenue rose $603M (+2%) from $25.4B in Q3 2024 to $26.0B in Q3 2025.
Equinor ASA, Q3 2025: revenue $26.0B (+2% year over year), operating margin 20.2%, net loss $204M, operating cash flow $6.3B. The chart draws each line against Q3 2024, the increases inside each band.
Margins
| Q3 2025 | Q3 2024 | Change | |
|---|---|---|---|
| Free cash flow margin | 11.2% | 13.3% | -2.1 pts |
Every line
| Line | Q3 2025 | Q3 2024 | Change | % |
|---|---|---|---|---|
| Revenue | $26.0B | $25.4B | $603M | +2% |
| Net loss | $204M | −$2.3B | $2.5B | — |
| Costs & expenses | $26.3B | $25.8B | $441M | +2% |
| Operating costs | $20.8B | $18.5B | $2.2B | +12% |
| Interest & other, net | $604M | −$366M | $970M | — |
| Income tax | $4.9B | $5.0B | −$116M | -2% |
| Cost of revenue | $13.9B | $13.1B | $813M | +6% |
| SG&A | $258M | $304M | −$46.0M | -15% |
| Other operating costs | $6.6B | $5.1B | $1.5B | +29% |
| Operating cash sources | $6.5B | $4.2B | $2.3B | +56% |
| Depreciation & amortization | $2.5B | $2.4B | $119M | +5% |
| Working capital & other | $4.0B | $1.8B | $2.2B | +124% |
| Net loss absorbed | $204M | −$2.3B | $2.5B | — |
| Operating cash flow | $6.3B | $6.5B | −$149M | -2% |
| Free cash flow (OCF − capex) | $2.9B | $3.4B | −$471M | -14% |
| Capital expenditures | $3.4B | $3.1B | $322M | +10% |
Questions
How much did Equinor ASA's revenue grow year over year in Q3 2025?
Equinor ASA's revenue rose $603M (+2%) from $25.4B in Q3 2024 to $26.0B in Q3 2025.