Equinor vs TotalEnergies
TotalEnergies reported revenue of $201.2 billion in fiscal 2025, 1.9 times Equinor's $106.5 billion in fiscal 2025. Equinor's revenue grew 2.6% in its latest year, and TotalEnergies' fell 6.2%.
Side by side
| Equinor | TotalEnergies | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $106.5B | $201.2B |
| Revenue growth | 2.6% | −6.2% |
| Revenue growth a year, last 5 years | 18.4% | 7.4% |
| Gross margin | 48.2% | — |
| Operating margin | 23.8% | — |
| Net margin | 4.7% | 6.5% |
| Free cash flow | $6.0B | — |
| Free cash flow margin | 5.6% | — |
| Return on capital | 25.1% | 10.1% |
| Net debt to EBITDA | 0.3x | — |
| Dividends and buybacks | $6.2B | $15.8B |
| Change in diluted share count | −8.0% | — |
| Last close | $48.10 | $93.76 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | — | — |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
EquinorTotalEnergies
Operating margin
Percent of revenue
EquinorTotalEnergies
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
EquinorTotalEnergies
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Equinor and TotalEnergies pages.