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Industri ranking 2025

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Benchmarks · fiscal year 2025

Quartiles among the 2,393 ranked companies, all sizes. Half of them lie between the lower and upper quartile.

Key figureLower quartileMedianUpper quartile
Operating margin−0.2%4.6%10.7%
Profit margin−0.6%4.2%10.9%
Return on assets1.0%9.1%19.2%
Equity ratio21.2%39.1%58.2%
Debt-to-equity0.651.432.96
Current ratio1.101.532.38
Revenue growth−4.5%5.7%18.7%

Ranked per Morning company class: Micro: 783 · Medium: 776 · Small: 522 · Large: 312. 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 · 2025

0242483Index 0–10: 43 companies430Index 10–20: 137 companies13710Index 20–30: 195 companies19520Index 30–40: 321 companies32130Index 40–50: 479 companies47940Index 50–60: 483 companies48350Index 60–70: 404 companies40460Index 70–80: 251 companies25170Index 80–90: 76 companies7680Index 90–100: 4 companies490100Index →

Best in each category · 2025

Operating marginBettina Burud Holding AS99.2%
Return on assetsAtlantic Styro AS83.1%
Equity ratioDanielsen Investment AS97.6%
Current ratioNordox AS18.19
Revenue growthEASEE PRODUCTION & Sales Nordics AS3,631.7%

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 · 2025

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 Nortek AS Mediumno. 1 in the class 92 25.9% 82.5% 4.91 17.7% 485 MNOK
2 Radionor Communications AS Largeno. 1 in the class 92 82.0% 72.6% 3.54 143.3% 2,470 MNOK
3 Air Products AS Largeno. 2 in the class 91 27.3% 70.2% 3.51 17.6% 959 MNOK
4 Hand M Aid AS Microno. 1 in the class 90 72.4% 93.3% 15.02 60.8% 5 MNOK
5 Pharmaq AS Largeno. 3 in the class 90 66.9% 89.6% 9.02 29.2% 2,607 MNOK
6 N.H. Lerum AS Smallno. 1 in the class 90 94.5% 88.7% 5.90 14.0% 20 MNOK
7 Vepak AS Smallno. 2 in the class 89 44.0% 86.3% 7.21 88.2% 12 MNOK
8 Tenfjord Industrier AS Smallno. 3 in the class 89 39.2% 78.7% 4.24 15.5% 27 MNOK
9 Svemko AS Smallno. 4 in the class 89 31.6% 74.9% 3.49 86.8% 50 MNOK
10 Propersdesign AS Microno. 2 in the class 87 45.2% 88.4% 8.53 22.6% 3 MNOK
11 Talaria Norge AS Microno. 3 in the class 87 24.4% 87.4% 4.72 32.0% 8 MNOK
12 Fask-Tools AS Microno. 4 in the class 87 54.2% 82.0% 4.68 399.2% 6 MNOK
13 NORSJØ SAG & Høvleri A/S Smallno. 5 in the class 87 13.8% 77.3% 3.52 37.3% 25 MNOK
14 Skogrand Cables AS Microno. 5 in the class 87 32.6% 79.3% 4.76 155.9% 3 MNOK
15 Gipsmakeriet AS Microno. 6 in the class 87 39.1% 84.0% 6.18 24.1% 4 MNOK
16 Sero AS Mediumno. 2 in the class 86 25.5% 74.7% 4.09 13.5% 211 MNOK
17 Gastromat AS Smallno. 6 in the class 86 37.2% 87.5% 5.77 10.2% 19 MNOK
18 Ole Vaagen Mineralvannfabrikk AS Microno. 7 in the class 86 12.8% 88.1% 8.39 60.8% 2 MNOK
19 AS FRICHS CONDITORI Microno. 8 in the class 86 37.0% 94.4% 17.26 7.5% 7 MNOK
20 Rheinmetall Nordic AS Mediumno. 3 in the class 86 18.5% 74.9% 3.73 27.5% 433 MNOK
21 Danielsen Investment AS Smallno. 7 in the class 86 81.8% 97.6% 27.95 – 11 MNOK
22 Flir Unmanned Aerial Systems AS Largeno. 4 in the class 86 17.6% 74.5% 3.73 18.5% 775 MNOK
23 Aasen Dreierverksted AS Smallno. 8 in the class 85 16.8% 81.2% 4.37 18.2% 22 MNOK
24 Gausdal Kalk AS Smallno. 9 in the class 85 15.1% 86.8% 5.39 19.8% 16 MNOK
25 Scandinavian Micro Systems AS Smallno. 10 in the class 85 32.0% 72.8% 3.92 18.7% 15 MNOK
26 Stokke Industri AS Mediumno. 4 in the class 85 92.2% 96.4% 31.91 36.6% 395 MNOK
27 Appear ASA Largeno. 5 in the class 85 22.6% 69.1% 3.73 33.3% 803 MNOK
28 Foss Fiber Optics AS Mediumno. 5 in the class 85 17.0% 64.0% 2.17 25.7% 239 MNOK
29 Nordic Pharma Inc AS Mediumno. 6 in the class 85 19.2% 71.9% 7.34 13.5% 328 MNOK
30 Robot Aviation AS Mediumno. 7 in the class 85 25.1% 51.0% 2.51 559.0% 191 MNOK
31 Kepp Technology AS Microno. 9 in the class 85 54.7% 90.1% 10.10 91.5% 2 MNOK
32 HD Solskjerming AS Largeno. 6 in the class 85 20.6% 68.8% 2.92 12.4% 1,150 MNOK
33 Tuverud Mek AS Smallno. 11 in the class 84 25.1% 76.6% 3.36 13.8% 11 MNOK
34 Sørfjordservice AS Microno. 10 in the class 84 18.2% 80.5% 2.42 34.6% 2 MNOK
35 Dnh A/S Den Norske Høyttalerfabrikk A/Ssubsidiary of Speaker Holding AS Mediumno. 8 in the class 84 18.0% 75.7% 4.01 16.5% 171 MNOK
36 Mellum AS Microno. 11 in the class 84 29.3% 89.0% 9.34 26.9% 1 MNOK
37 Salsus AS Mediumno. 9 in the class 84 29.1% 67.5% 4.69 19.9% 176 MNOK
38 Comrod AS Largeno. 7 in the class 84 28.0% 62.7% 2.29 31.8% 1,050 MNOK
39 Schottel Nordic AS Mediumno. 10 in the class 84 13.1% 68.6% 3.15 19.3% 169 MNOK
40 Protex AS Smallno. 12 in the class 84 9.8% 87.9% 8.07 30.9% 21 MNOK
41 Mehren Kjemi AS Microno. 12 in the class 84 23.5% 83.3% 5.59 35.1% 2 MNOK
42 Retail Consept og Service AS Microno. 13 in the class 84 34.2% 86.9% 6.17 4,859.9% 1 MNOK
43 Bettina Burud Holding AS Smallno. 13 in the class 84 99.2% 90.3% 4.45 848.7% 27 MNOK
44 Stigen Keramikk AS Microno. 14 in the class 84 19.7% 65.2% 2.87 598.2% 1 MNOK
45 CS Multimekanisk AS Microno. 15 in the class 83 24.9% 69.4% 3.27 64.2% 2 MNOK
46 Norsk Urkorn AS Microno. 16 in the class 83 5.2% 97.2% 34.55 50.2% 5 MNOK
47 Aerotech AS Smallno. 14 in the class 83 68.8% 53.4% 5.31 1,165.9% 20 MNOK
48 Inter-Sun AS Mediumno. 11 in the class 83 40.0% 66.8% 2.41 9.6% 285 MNOK
49 Ragasco AS Largeno. 8 in the class 83 11.7% 67.2% 2.01 – 920 MNOK
50 Gunnebo Anja Industrier AS Mediumno. 12 in the class 83 16.8% 77.6% 4.10 16.8% 280 MNOK

Bankrupt or being wound up

These companies are left out of the ranking.

Showing 50 of 386. 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.