Equinor ASA (DNQA) — Free Cash Flow Generation Index
Latest as of March 2026:
0.40x
Equinor ASA (DNQA) has a Free Cash Flow Generation Index of 0.40x as of March 2026. Free cash flow of €2.10 Billion represents 0% of operating cash flow (€5.21 Billion). Read debt load of Equinor ASA for a breakdown of total debt and financial obligations.
FCF Generation Index
0.40x
Free Cash Flow / Operating CF
Free Cash Flow
€2.10 Billion
EUR
Operating Cash Flow
€5.21 Billion
EUR
Capital Expenditures
€3.12 Billion
EUR
Equinor ASA Free Cash Flow Generation Index (2016–2025)
Historical FCF Generation Index trend for Equinor ASA across 10 annual periods. Explore capital reinvestment ratio of Equinor ASA to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Equinor ASA (2016–2025)
Year-by-year Free Cash Flow Generation Index for Equinor ASA. For the full company profile including market capitalisation, see Equinor ASA stock valuation.
| Year | FCG Index | Free Cash Flow (EUR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.30x | €5.98 Billion | €19.97 Billion | €13.99 Billion | ▼ -20.1% |
| 2024 | 0.37x | €7.29 Billion | €19.46 Billion | €12.18 Billion | ▼ -40.3% |
| 2023 | 0.63x | €16.46 Billion | €26.23 Billion | €9.77 Billion | ▼ -16.4% |
| 2022 | 0.75x | €26.38 Billion | €35.14 Billion | €8.76 Billion | ▲ +4.1% |
| 2021 | 0.72x | €20.78 Billion | €28.82 Billion | €8.04 Billion | ▲ +292.1% |
| 2020 | 0.18x | €1.91 Billion | €10.39 Billion | €8.48 Billion | ▼ -28.7% |
| 2019 | 0.26x | €3.54 Billion | €13.75 Billion | €10.20 Billion | ▼ -39.0% |
| 2018 | 0.42x | €8.33 Billion | €19.69 Billion | €11.37 Billion | ▲ +73.5% |
| 2017 | 0.24x | €3.61 Billion | €14.80 Billion | €10.76 Billion | ▼ -89.8% |
| 2016 | 2.38x | €21.01 Billion | €8.82 Billion | €12.19 Billion | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).