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Industri 2025: top 10 and bottom 10

Ranked among 313 companies in Industri for fiscal year 2025. Fetched: 4 Nov

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Top 10 · 2025 · Morning class Large

Top 10 · Industri · 2025
RankCompanyScore Operating marginEquity ratio Revenue growthOperating revenue
1 Radionor Communications ASOrg. no. 882136752 · Large 9282.0%72.6% 143.3%2,470 MNOK
2 Air Products ASOrg. no. 917997500 · Large 9127.3%70.2% 17.6%959 MNOK
3 Pharmaq ASOrg. no. 886953402 · Large 9066.9%89.6% 29.2%2,607 MNOK
4 Flir Unmanned Aerial Systems ASOrg. no. 992102403 · Large 8617.6%74.5% 18.5%775 MNOK
5 Appear ASAOrg. no. 986942033 · Large 8522.6%69.1% 33.3%803 MNOK
6 HD Solskjerming ASOrg. no. 971654570 · Large 8520.6%68.8% 12.4%1,150 MNOK
7 Comrod ASOrg. no. 934335724 · Large 8428.0%62.7% 31.8%1,050 MNOK
8 Ragasco ASOrg. no. 878612752 · Large 8311.7%67.2% –920 MNOK
9 Norske Skog Saugbrugs ASOrg. no. 996732703 · Large 8228.4%74.6% 11.3%2,316 MNOK
10 Axel Andersen ASOrg. no. 977069904 · Large 813.2%74.4% 30.5%1,195 MNOK

Bottom 10 · 2025 · Morning class Large

Bottom 10 · Industri · 2025
RankCompanyScore Operating marginEquity ratio Revenue growthOperating revenue
313 Jøtul ASOrg. no. 989519247 · Large 3−18.1%−6.0% −6.6%686 MNOK
312 Spenncon ASOrg. no. 844558082 · Large 10−10.2%12.1% −12.4%535 MNOK
311 Brav ASOrg. no. 920404499 · Large 13−12.5%1.6% −7.7%792 MNOK
310 3B-Fibreglass Norway ASOrg. no. 919742356 · Large 13−13.0%17.7% 7.0%551 MNOK
309 Vard Group ASOrg. no. 980100820 · Large 13−4.7%2.5% −4.1%9,819 MNOK
308 Kongsberg Automotive ASOrg. no. 979473672 · Large 13−0.7%8.8% −0.1%1,950 MNOK
307 Ferroglobe Mangan Norge ASOrg. no. 957779808 · Large 150.5%2.1% −3.6%1,239 MNOK
306 Unicon ASOrg. no. 942822979 · Large 16−5.9%18.3% 5.2%1,143 MNOK
305 Mantena ASOrg. no. 984040849 · Large 16−5.1%19.5% −5.8%1,303 MNOK
304 Pipelife Norge ASOrg. no. 980457575 · Large 171.7%6.4% −8.5%1,398 MNOK

How to cite

Source: Morning Analytics, ranking of Industri for fiscal year 2025, based on annual accounts from the Brønnøysund Register Centre. https://morninganalytics.com/en/ranking/industri/2025

  • The score (0–100) is our own calculation and compares the company with others in the same sector and size tier. It is not a credit rating.
  • Figures are from the latest filed annual accounts. The Brønnøysund Register Centre only checks that accounts are filed, not their content.
  • The accounts data are open data under NLOD 2.0. Credit the source when you use the lists.

Indications based on the latest annual accounts from open data. Not investment or financial advice. Methodology