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Benchmarks · fiscal year 2024

Quartiles among the 2,391 ranked companies, all sizes. Half of them lie between the lower and upper quartile.

Key figureLower quartileMedianUpper quartile
Operating margin−0.6%4.7%10.4%
Profit margin−1.1%4.3%10.3%
Return on assets1.3%9.6%19.6%
Equity ratio21.2%37.3%58.3%
Debt-to-equity0.671.492.93
Current ratio1.091.532.33
Revenue growth−5.6%5.3%20.2%

Ranked per Morning company class: Micro: 798 · Medium: 763 · Small: 537 · Large: 293. Morning company classes by revenue: Micro 1–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Methodology

Distribution of the overall index · 2024

0253506Index 0–10: 43 companies430Index 10–20: 150 companies15010Index 20–30: 200 companies20020Index 30–40: 330 companies33030Index 40–50: 442 companies44240Index 50–60: 506 companies50650Index 60–70: 391 companies39160Index 70–80: 231 companies23170Index 80–90: 90 companies9080Index 90–100: 8 companies890100Index →

Best in each category · 2024

Operating marginStokke Industri Eiendom AS99.1%
Return on assetsKursiv Media AS87.4%
Equity ratioStokke Industri AS99.0%
Current ratioMolver AS12.06
Revenue growthSaga Robotics AS534.3%

Among ranked companies with at least NOK 10m in revenue. Margins and equity ratios above 100 %, a current ratio above 20 and growth from a base below NOK 10m count as one-off effects and are left out.

Ranking · 2024

Morning Enterprise Index 0–100, version 2: every key figure is compared with companies in the same sector and size tier. Click a column heading to sort.

Rank Company Class Index Operating margin Equity ratio Current ratio Revenue growth Revenue
1 Radionor Communications AS Largeno. 1 in the class 95 79.7% 68.2% 3.14 342.5% 1,015 MNOK
2 Flapump AS Microno. 1 in the class 95 53.9% 97.1% 20.86 40.0% 2 MNOK
3 Prima 1 Bugøynes AS Microno. 2 in the class 93 80.5% 85.9% 10.81 137.7% 2 MNOK
4 Grumek Subsea AS Microno. 3 in the class 92 69.0% 85.3% 5.86 125.6% 8 MNOK
5 N.H. Lerum AS Smallno. 1 in the class 92 93.1% 86.6% 4.22 45.4% 18 MNOK
6 Pcc Norway AS Smallno. 2 in the class 91 45.8% 78.2% 4.03 54.0% 14 MNOK
7 Elreg AS Smallno. 3 in the class 91 51.5% 88.8% 7.65 30.9% 27 MNOK
8 Nordan Gruppen AS Mediumno. 1 in the class 91 52.1% 74.8% 2.59 30.4% 324 MNOK
9 Comrod AS Largeno. 2 in the class 90 26.6% 67.4% 2.60 50.2% 797 MNOK
10 Anette Viig Østensen AS Microno. 4 in the class 89 49.9% 81.3% 5.47 56.8% 2 MNOK
11 Scandinavian Micro Systems AS Smallno. 4 in the class 89 17.7% 73.6% 8.35 49.3% 13 MNOK
12 Mesterplast AS Smallno. 5 in the class 89 26.3% 75.2% 3.73 78.6% 16 MNOK
13 Scan Protec AS Microno. 5 in the class 88 17.9% 83.3% 5.33 74.0% 4 MNOK
14 Irv AS Mediumno. 2 in the class 88 18.3% 64.9% 2.66 39.3% 77 MNOK
15 Clampon AS Mediumno. 3 in the class 88 24.6% 74.0% 3.79 9.9% 234 MNOK
16 Tenfjord Industrier AS Smallno. 6 in the class 88 39.3% 75.8% 3.64 20.1% 23 MNOK
17 Air Products AS Largeno. 3 in the class 88 27.5% 59.8% 2.59 16.2% 815 MNOK
18 Wrongtools AS Microno. 6 in the class 88 42.3% 84.9% 6.63 14.6% 1 MNOK
19 Flir Unmanned Aerial Systems AS Largeno. 4 in the class 88 24.2% 67.8% 2.90 13.3% 654 MNOK
20 Nordic Seal AS Smallno. 7 in the class 87 26.9% 72.0% 3.56 21.1% 12 MNOK
21 MÅLØY SMIE & Mek Verksted AS Microno. 7 in the class 87 35.5% 78.8% 9.07 71.7% 3 MNOK
22 Våpensmia AS Mediumno. 4 in the class 87 34.1% 56.1% 3.36 44.2% 100 MNOK
23 Rheinmetall Nordic AS Mediumno. 5 in the class 87 23.9% 72.8% 4.01 21.0% 339 MNOK
24 Skjer Holding AS Microno. 8 in the class 87 49.1% 96.1% 22.68 81.9% 1 MNOK
25 Fjellstrand ASsubsidiary of Cinus AS Mediumno. 6 in the class 87 11.3% 67.0% 2.50 97.4% 240 MNOK
26 Norxe AS Mediumno. 7 in the class 86 15.9% 58.1% 3.34 81.2% 235 MNOK
27 Algea AS Mediumno. 8 in the class 86 20.2% 81.0% 3.64 17.2% 276 MNOK
28 Nortek AS Mediumno. 9 in the class 86 24.5% 72.9% 3.01 3.5% 412 MNOK
29 Gastromat AS Smallno. 8 in the class 86 36.5% 85.3% 4.41 7.4% 18 MNOK
30 The Quartz Corp AS Largeno. 5 in the class 86 65.2% 46.7% 2.86 21.9% 3,052 MNOK
31 RYDE & Berg Orgelbyggeri AS Microno. 9 in the class 86 35.4% 81.9% 6.01 59.5% 4 MNOK
32 Marine House AS Microno. 10 in the class 85 43.4% 91.4% 7.19 19.4% 3 MNOK
33 Rvm Systems AS Mediumno. 10 in the class 85 58.9% 82.8% 5.62 – 103 MNOK
34 Molver AS Smallno. 9 in the class 85 92.3% 81.8% 12.06 64.3% 11 MNOK
35 Frem Kompetanse AS Mediumno. 11 in the class 85 18.2% 59.7% 2.38 22.3% 51 MNOK
36 Ofotech AS Microno. 11 in the class 85 35.8% 82.3% 5.60 427.8% 3 MNOK
37 Roger's Gjerdeservice AS Smallno. 10 in the class 85 26.8% 79.2% 4.65 31.5% 10 MNOK
38 NORSJØ SAG & Høvleri A/S Smallno. 11 in the class 85 11.5% 77.0% 4.18 10.7% 19 MNOK
39 Unaro Nordic AS Mediumno. 12 in the class 85 9.1% 67.7% 2.97 30.0% 94 MNOK
40 Salikatt Bryggeri AS Smallno. 12 in the class 85 20.5% 80.6% 3.80 7.2% 16 MNOK
41 A C SMITH & CO AS Mediumno. 13 in the class 84 44.9% 51.5% 2.02 52.9% 72 MNOK
42 Baco AS Smallno. 13 in the class 84 24.9% 76.8% 4.25 8.5% 16 MNOK
43 Hernis Scan Systems AS Mediumno. 14 in the class 84 13.5% 81.7% 5.38 28.2% 333 MNOK
44 Gunnebo Anja Industrier AS Mediumno. 15 in the class 84 20.4% 82.0% 5.23 6.0% 240 MNOK
45 Stokke Industri AS Mediumno. 16 in the class 84 89.6% 99.0% 605.16 41.8% 289 MNOK
46 Autronica Fire and Security AS Largeno. 6 in the class 84 16.6% 60.1% 2.41 14.3% 1,387 MNOK
47 Lono Gruppen AS Microno. 12 in the class 84 26.0% 81.4% 4.71 21.2% 2 MNOK
48 Vms Trondheim AS Mediumno. 17 in the class 84 13.4% 61.5% 2.59 13.6% 241 MNOK
49 Sunde Skumplast AS Microno. 13 in the class 84 9.5% 103.2% – 40.2% 3 MNOK
50 Sero AS Mediumno. 18 in the class 83 22.7% 73.2% 3.89 11.2% 186 MNOK

Bankrupt or being wound up

These companies are left out of the ranking.

Showing 50 of 383. See all bankruptcies and liquidations

About the figures

  • Only limited companies (AS and ASA) are included. Sole proprietorships are normally not required to file annual accounts and are therefore missing.
  • The Brønnøysund Register Centre only checks that accounts are filed, not their content. Suspicious figures are flagged on the company page, not hidden.
  • Figures are company accounts, not group accounts. Holding companies can be marked in admin and then do not count in sector averages.