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Side-by-side financial comparison of EQUINOR ASA (EQNR) and Ford Motor Company (F). Click either name above to swap in a different company.

Ford Motor Company is the larger business by last-quarter revenue ($45.9B vs $26.0B, roughly 1.8× EQUINOR ASA). EQUINOR ASA runs the higher net margin — -0.8% vs -24.1%, a 23.3% gap on every dollar of revenue. On growth, EQUINOR ASA posted the faster year-over-year revenue change (2.4% vs -4.8%).

Equinor ASA is a Norwegian multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy and lithium mining. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. In 2023, the company was ranked 52nd in the same list. As of 2021, the company has 21,126 employees.

The Ford Motor Company is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles and commercial vehicles under the Ford brand, and luxury cars under its Lincoln brand. The company is listed on the New York Stock Exchange under the single-letter ticker symbol F and is controlled by the Ford family.

EQNR vs F — Head-to-Head

Bigger by revenue
F
F
1.8× larger
F
$45.9B
$26.0B
EQNR
Growing faster (revenue YoY)
EQNR
EQNR
+7.2% gap
EQNR
2.4%
-4.8%
F
Higher net margin
EQNR
EQNR
23.3% more per $
EQNR
-0.8%
-24.1%
F

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
EQNR
EQNR
F
F
Revenue
$26.0B
$45.9B
Net Profit
$-204.0M
$-11.1B
Gross Margin
46.6%
-12.5%
Operating Margin
20.2%
-25.2%
Net Margin
-0.8%
-24.1%
Revenue YoY
2.4%
-4.8%
Net Profit YoY
-108.9%
-706.0%
EPS (diluted)
$-0.08
$-2.77

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EQNR
EQNR
F
F
Q4 25
$45.9B
Q3 25
$26.0B
$50.5B
Q2 25
$25.1B
$50.2B
Q1 25
$40.7B
Q4 24
$48.2B
Q3 24
$25.4B
$46.2B
Q2 24
$47.8B
Q1 24
$42.8B
Net Profit
EQNR
EQNR
F
F
Q4 25
$-11.1B
Q3 25
$-204.0M
$2.4B
Q2 25
$1.3B
$-36.0M
Q1 25
$471.0M
Q4 24
$1.8B
Q3 24
$2.3B
$892.0M
Q2 24
$1.8B
Q1 24
$1.3B
Gross Margin
EQNR
EQNR
F
F
Q4 25
-12.5%
Q3 25
46.6%
14.1%
Q2 25
49.3%
11.8%
Q1 25
13.5%
Q4 24
14.3%
Q3 24
48.5%
13.0%
Q2 24
15.3%
Q1 24
14.7%
Operating Margin
EQNR
EQNR
F
F
Q4 25
-25.2%
Q3 25
20.2%
3.1%
Q2 25
22.8%
1.0%
Q1 25
0.8%
Q4 24
2.6%
Q3 24
27.1%
1.9%
Q2 24
3.9%
Q1 24
2.9%
Net Margin
EQNR
EQNR
F
F
Q4 25
-24.1%
Q3 25
-0.8%
4.8%
Q2 25
5.2%
-0.1%
Q1 25
1.2%
Q4 24
3.8%
Q3 24
9.0%
1.9%
Q2 24
3.8%
Q1 24
3.1%
EPS (diluted)
EQNR
EQNR
F
F
Q4 25
$-2.77
Q3 25
$-0.08
$0.60
Q2 25
$0.50
$-0.01
Q1 25
$0.12
Q4 24
$0.45
Q3 24
$0.82
$0.22
Q2 24
$0.46
Q1 24
$0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EQNR
EQNR
F
F
Cash + ST InvestmentsLiquidity on hand
$8.1B
$38.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$40.6B
$36.0B
Total Assets
$135.8B
$289.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQNR
EQNR
F
F
Q4 25
$38.5B
Q3 25
$8.1B
$42.2B
Q2 25
$37.5B
Q1 25
$35.2B
Q4 24
$38.3B
Q3 24
$6.2B
$36.9B
Q2 24
$34.6B
Q1 24
$34.5B
Stockholders' Equity
EQNR
EQNR
F
F
Q4 25
$36.0B
Q3 25
$40.6B
$47.4B
Q2 25
$45.1B
Q1 25
$44.6B
Q4 24
$44.8B
Q3 24
$44.4B
$44.3B
Q2 24
$43.6B
Q1 24
$42.9B
Total Assets
EQNR
EQNR
F
F
Q4 25
$289.2B
Q3 25
$135.8B
$301.0B
Q2 25
$292.7B
Q1 25
$284.5B
Q4 24
$285.2B
Q3 24
$287.0B
Q2 24
$276.6B
Q1 24
$274.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EQNR
EQNR
F
F
Operating Cash FlowLast quarter
$6.3B
$3.9B
Free Cash FlowOCF − Capex
$1.1B
FCF MarginFCF / Revenue
2.4%
Capex IntensityCapex / Revenue
6.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$12.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQNR
EQNR
F
F
Q4 25
$3.9B
Q3 25
$6.3B
$7.4B
Q2 25
$2.5B
$6.3B
Q1 25
$3.7B
Q4 24
$3.0B
Q3 24
$6.5B
$5.5B
Q2 24
$5.5B
Q1 24
$1.4B
Free Cash Flow
EQNR
EQNR
F
F
Q4 25
$1.1B
Q3 25
$5.3B
Q2 25
$4.2B
Q1 25
$1.9B
Q4 24
$530.0M
Q3 24
$3.5B
Q2 24
$3.4B
Q1 24
$-709.0M
FCF Margin
EQNR
EQNR
F
F
Q4 25
2.4%
Q3 25
10.4%
Q2 25
8.4%
Q1 25
4.6%
Q4 24
1.1%
Q3 24
7.6%
Q2 24
7.1%
Q1 24
-1.7%
Capex Intensity
EQNR
EQNR
F
F
Q4 25
6.1%
Q3 25
4.2%
Q2 25
4.2%
Q1 25
4.5%
Q4 24
5.2%
Q3 24
4.3%
Q2 24
4.4%
Q1 24
4.9%
Cash Conversion
EQNR
EQNR
F
F
Q4 25
Q3 25
3.02×
Q2 25
1.88×
Q1 25
7.81×
Q4 24
1.66×
Q3 24
2.84×
6.17×
Q2 24
3.01×
Q1 24
1.04×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EQNR
EQNR

Segment breakdown not available.

F
F

Ford Blue$26.2B57%
Ford Pro$14.9B33%
Financingincome$2.1B5%
Ford Model E$1.3B3%
Service And Other Revenue$917.0M2%
Extended Service Contracts$455.0M1%
Leasingincome$79.0M0%
Insuranceincome$44.0M0%

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