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Stocks Comparison

Equinor Asa vs PBF Energy: revenue, profit, margins and growth compared

Equinor Asa brought in $106.5B of revenue in fiscal 2025, PBF Energy $29.3B in fiscal 2025. Revenue changed by +2.6% at Equinor Asa and -11.4% at PBF Energy on the year before, so Equinor Asa grew faster. Equinor Asa kept 4.7% of its revenue as net profit, PBF Energy -0.5%. Free cash flow was $6B at Equinor Asa and -$783.2M at PBF Energy.

Side by side, latest fiscal year

EQNRPBF
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$106.5B$29.3B
Revenue growth+2.6%-11.4%
Net income$5B-$158.5M
Net margin4.7%-0.5%
Free cash flow$6B-$783.2M
Free cash flow margin5.6%-2.7%
Earnings per share (diluted)$1.94-$1.39
Cash$5B$527.9M
Debtn/a$2.1B
Price to earningsn/an/a
Market value$101.7B$7.8B
Dividend yieldn/an/a
Rank by revenue in sector#8 of 163 · Energy#16 of 163 · Energy

Over the years

Revenue
EQNR FY2018: $79.6BEQNR FY2019: $64.4BEQNR FY2020: $45.8BEQNR FY2021: $90.9BEQNR FY2022: $150.8BEQNR FY2023: $107.2BEQNR FY2024: $103.8BEQNR FY2025: $106.5BPBF FY2018: $27.2BPBF FY2019: $24.5BPBF FY2020: $15.1BPBF FY2021: $27.3BPBF FY2022: $46.8BPBF FY2023: $38.3BPBF FY2024: $33.1BPBF FY2025: $29.3BFY18FY19FY20FY21FY22FY23FY24FY25
EQNR $106.5BPBF $29.3B
Net income
EQNR FY2018: $7.5BEQNR FY2019: $1.8BEQNR FY2020: -$5.5BEQNR FY2021: $8.6BEQNR FY2022: $28.7BEQNR FY2023: $11.9BEQNR FY2024: $8.8BEQNR FY2025: $5BPBF FY2018: $128.3MPBF FY2019: $319.4MPBF FY2020: -$1.4BPBF FY2021: $231MPBF FY2022: $2.9BPBF FY2023: $2.1BPBF FY2024: -$533.8MPBF FY2025: -$158.5MFY18FY19FY20FY21FY22FY23FY24FY25
EQNR $5BPBF -$158.5M
Net margin
EQNR FY2018: 9.5%EQNR FY2019: 2.9%EQNR FY2020: -12.0%EQNR FY2021: 9.4%EQNR FY2022: 19.1%EQNR FY2023: 11.1%EQNR FY2024: 8.5%EQNR FY2025: 4.7%PBF FY2018: 0.5%PBF FY2019: 1.3%PBF FY2020: -9.2%PBF FY2021: 0.8%PBF FY2022: 6.1%PBF FY2023: 5.6%PBF FY2024: -1.6%PBF FY2025: -0.5%FY18FY19FY20FY21FY22FY23FY24FY25
EQNR 4.7%PBF -0.5%
Revenue growth
EQNR FY2019: -19.1%EQNR FY2020: -28.8%EQNR FY2021: +98.4%EQNR FY2022: +65.9%EQNR FY2023: -28.9%EQNR FY2024: -3.2%EQNR FY2025: +2.6%PBF FY2019: -9.9%PBF FY2020: -38.3%PBF FY2021: +80.3%PBF FY2022: +71.8%PBF FY2023: -18.2%PBF FY2024: -13.6%PBF FY2025: -11.4%FY19FY20FY21FY22FY23FY24FY25
EQNR +2.6%PBF -11.4%
Free cash flow
EQNR FY2018: $8.3BEQNR FY2019: $3.5BEQNR FY2020: $1.9BEQNR FY2021: $20.8BEQNR FY2022: $26.4BEQNR FY2023: $18.7BEQNR FY2024: $7.3BEQNR FY2025: $6BPBF FY2018: $520.5MPBF FY2019: $528.6MPBF FY2020: -$827.8MPBF FY2021: $228.2MPBF FY2022: $4.1BPBF FY2023: $678.9MPBF FY2024: -$347.5MPBF FY2025: -$783.2MFY18FY19FY20FY21FY22FY23FY24FY25
EQNR $6BPBF -$783.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Equinor Asa and PBF Energy

Which is bigger by revenue, Equinor Asa or PBF Energy?

Equinor Asa is bigger by revenue: $106.5B in fiscal 2025, against $29.3B for PBF Energy in fiscal 2025.

Which keeps more of its revenue as profit, Equinor Asa or PBF Energy?

Equinor Asa had a net margin of 4.7% in fiscal 2025; PBF Energy had -0.5% in fiscal 2025.

Which grew revenue faster, Equinor Asa or PBF Energy?

In their latest fiscal years revenue changed by +2.6% at Equinor Asa and -11.4% at PBF Energy.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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