APPLY AS
Score · fiscal year 2025
51of 100
How to read this: the company is ahead of 58 % of large companies in the same sector in 2025. What does this mean?
Rank: 264 of 584 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 43 and solidity 39 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
APPLY AS is 3 points above the median for large companies in the same sector in 2025.
Median score 48 among 77 companies.
Against large companies in the same sector in 2025: operating margin 2.4% (median 7.5%) and equity ratio 18.8% (median 27.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 5,019 MNOK | 2,158 MNOK |
| Operating margin | 2.4% | 7.5% |
| Profit margin | 4.8% | 7.3% |
| Return on assets | 19.3% | 13.0% |
| Equity ratio | 18.8% | 27.2% |
| Debt-to-equity | 4.33 | 2.60 |
| Current ratio | 1.17 | 1.12 |
| Revenue growth | 26.0% | 3.3% |
| Revenue per employee | 5.99 MNOK | 5.99 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 51, APPLY AS does better than 58% of large companies in the same sector (78 companies) in 2025.
Score 2023–2025
- APPLY AS
- Median: large companies in the same sector
What the numbers say
APPLY AS had an operating margin of 2.4% and an equity ratio of 18.8% in 2025, and ranks 264 of 584 in Olje og gass.
From 2024 to 2025: revenue grew by 26% and the operating margin fell from 5.1% to 2.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 283 MNOK and 1,654 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,654 MNOK |
| EV/EBIT | 8.0 | 917 MNOK |
| P/B | 1.0 | 283 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 2.4% (median 7.5%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 26.0% (median 3.3%); Current ratio 1.17 (median 1.12).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 43 | weight 30% |
|---|---|---|
| Solidity | 39 | weight 25% |
| Liquidity | 57 | weight 15% |
| Growth | 81 | weight 15% |
| Consistency | 52 | weight 15% |
Durability: 44 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is APPLY AS?
The operating margin was 2.4% in 2025, against a median of 7.5% among large companies in the same sector. Return on assets was 19.3%.
How solid is APPLY AS?
The equity ratio was 18.8% in 2025 (median 27.2%). Debt-to-equity was 4.33 (median 2.60).
What is the liquidity of APPLY AS like?
The current ratio was 1.17 in 2025 (median 1.12).
How does APPLY AS compare in Olje og gass?
APPLY AS ranks 264 of 584 in Olje og gass for 2025. Among companies of the same size (large companies) it ranks 33 of 78. Revenue changed by 26.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 930694533
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.109)
- Size tier
- large
- Employees
- 838 registered 10 October 2026
- Founded
- 26 October 1981 45 years in operation
- Share capital
- 4.99 MNOK
- Business address
- Moseidsletta 122, 4033 STAVANGER (SOLA)
- Municipality
- Sola rank 2 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Karsten Andre Gudmundset
- Chair of the board
- Geir Austigard
- Board member
- Thomas Johansen
- Board member
- Kristine Kleven
- Board member
- Gaute Vagle
- Board member
- Trond Rosnes
- Board member
- Trine Merete Krey
- Deputy member
- Siri Røssland Haugland
- Deputy member
- Beate Meisland Østrådt
- Deputy member
- Bjarte Haugland
- Auditor
- PRICEWATERHOUSECOOPERS AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 38 | 43 | 51 | |
| Rank | 386 | 362 | 264 | |
| Operating margin | 4.7% | 5.1% | 2.4% | |
| Return on assets | 19.7% | 26.7% | 19.3% | |
| Equity ratio | 22.0% | 15.4% | 18.8% | |
| Current ratio | 0.92 | 0.99 | 1.17 | |
| Revenue growth | – | 26.7% | 26.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3,143.7 MNOK | 3,982.5 MNOK | 5,018.9 MNOK |
| Operating profit | 147.8 MNOK | 201.4 MNOK | 120.4 MNOK |
| Profit before tax | 164.8 MNOK | 451.1 MNOK | 242.3 MNOK |
| Net profit | 135.7 MNOK | 403.9 MNOK | 165.4 MNOK |
| Financial expenses | 47.6 MNOK | 35.6 MNOK | 49.1 MNOK |
| Total assets | 1,080.1 MNOK | 1,821.7 MNOK | 1,506.0 MNOK |
| Current assets | 765.6 MNOK | 1,516.1 MNOK | 1,375.5 MNOK |
| Equity | 237.9 MNOK | 281.3 MNOK | 282.6 MNOK |
| Retained earnings | 48.8 MNOK | 92.2 MNOK | 25.5 MNOK |
| Total liabilities | 842.2 MNOK | 1,540.4 MNOK | 1,223.4 MNOK |
| Current liabilities | 831.7 MNOK | 1,538.4 MNOK | 1,175.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7171509.
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