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Sjømat ranking 2025

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Benchmarks · fiscal year 2025

Quartiles among the 2,212 ranked companies, all sizes. Half of them lie between the lower and upper quartile.

Key figureLower quartileMedianUpper quartile
Operating margin0.8%12.6%26.5%
Profit margin−2.1%7.9%22.1%
Return on assets1.9%7.5%15.4%
Equity ratio15.6%33.6%58.8%
Debt-to-equity0.611.643.86
Current ratio0.941.683.18
Revenue growth−0.9%16.3%48.0%

Ranked per Morning company class: Medium: 491 · Micro: 1,197 · Small: 413 · Large: 111. 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

0241482Index 0–10: 22 companies220Index 10–20: 90 companies9010Index 20–30: 188 companies18820Index 30–40: 345 companies34530Index 40–50: 482 companies48240Index 50–60: 482 companies48250Index 60–70: 342 companies34260Index 70–80: 201 companies20170Index 80–90: 59 companies5980Index 90–100: 1 companies190100Index →

Best in each category · 2025

Operating marginSulefisk Holding AS99.1%
Return on assetsLM Processing AS98.8%
Equity ratioBolaks Group AS99.3%
Current ratioNortuna AS18.04
Revenue growthMåsøval Lisens AS2,054.8%

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 Apollon AS Mediumno. 1 in the class 93 57.6% 80.9% 4.54 150.0% 69 MNOK
2 Johs. H. Giæver A/S Smallno. 1 in the class 89 52.3% 74.2% 6.32 129.0% 34 MNOK
3 Hepsøfjord AS Microno. 1 in the class 89 92.3% 83.0% 27.20 344.6% 7 MNOK
4 Peder B Sørvik Eiendom AS Microno. 2 in the class 89 78.8% 99.2% 166.45 362.4% 3 MNOK
5 Gullfisk Napp AS Microno. 3 in the class 88 85.4% 74.3% 9.70 485.4% 10 MNOK
6 Lisøysund AS Microno. 4 in the class 88 81.9% 75.9% 16.54 823.5% 6 MNOK
7 Freddy Fiskebåt AS Microno. 5 in the class 88 77.9% 80.1% 47.85 140.2% 5 MNOK
8 Fishhunter AS Microno. 6 in the class 87 45.0% 87.3% 14.33 130.9% 2 MNOK
9 Selteco AS Microno. 7 in the class 87 94.1% 93.4% 63.24 955.4% 3 MNOK
10 Nyvåg AS Smallno. 2 in the class 87 37.1% 76.9% 4.45 58.1% 16 MNOK
11 Venitho AS Microno. 8 in the class 87 83.1% 82.0% 9.51 1,153.1% 3 MNOK
12 Nilsen Kystfiske AS Microno. 9 in the class 87 58.6% 82.7% 7.09 66.8% 3 MNOK
13 Nordbris AS Smallno. 3 in the class 87 32.5% 90.6% 9.14 24.7% 13 MNOK
14 Øygutt AS Microno. 10 in the class 87 77.5% 70.6% 5.33 314.3% 4 MNOK
15 Hansali Holding AS Smallno. 4 in the class 86 93.6% 86.4% 31.81 3,624.0% 13 MNOK
16 AJ Fisk AS Microno. 11 in the class 86 65.3% 80.9% 14.28 174.0% 6 MNOK
17 Aquagen AS Largeno. 1 in the class 86 29.7% 79.3% 2.85 17.3% 962 MNOK
18 Sjønapp AS Microno. 12 in the class 86 82.7% 73.0% 8.32 576.2% 7 MNOK
19 Hargun Havfiske AS Mediumno. 2 in the class 85 57.9% 85.0% 3.29 24.5% 206 MNOK
20 Mathisen Fiskebåtrederi AS Smallno. 5 in the class 85 58.1% 90.9% 28.41 291.4% 10 MNOK
21 Træna Havfiske AS Microno. 13 in the class 85 71.6% 66.7% 12.57 318.3% 5 MNOK
22 Veronica AS Microno. 14 in the class 85 40.3% 93.2% 10.47 62.1% 3 MNOK
23 Tor Inge Holding AS Microno. 15 in the class 84 98.9% 98.0% 0.65 125.0% 2 MNOK
24 K.S Kystfiske AS Microno. 16 in the class 84 40.0% 80.9% 7.50 54.4% 1 MNOK
25 Fanfisk AS Microno. 17 in the class 84 67.4% 96.4% 19.91 0.9% 6 MNOK
26 Ballangen Sjøfarm AS Mediumno. 3 in the class 84 65.1% 67.8% 1.19 732.7% 369 MNOK
27 TH Rosøy Invest AS Microno. 18 in the class 84 37.8% 91.7% 132.19 263.5% 4 MNOK
28 Kveval ASsubsidiary of Kverva Finans AS Mediumno. 4 in the class 84 99.0% 73.3% 3.75 63.0% 157 MNOK
29 Elvenesstrand Smolt AS Smallno. 6 in the class 83 16.9% 86.9% 15.59 69.2% 22 MNOK
30 Meidell Ship Holding AS Mediumno. 5 in the class 83 62.6% 83.1% 7.21 28.6% 69 MNOK
31 Sivertsen Fjordfiske AS Smallno. 7 in the class 83 90.9% 63.0% 2.17 288.3% 12 MNOK
32 Bendiksen AS Microno. 19 in the class 83 42.0% 86.0% 3.04 64.0% 6 MNOK
33 Adriansen Fisk AS Microno. 20 in the class 83 26.0% 91.1% 8.77 56.6% 1 MNOK
34 Galiotten AS Microno. 21 in the class 83 58.7% 94.0% 17.91 8.1% 1 MNOK
35 JH Lund AS Smallno. 8 in the class 83 80.2% 52.7% 3.56 319.8% 27 MNOK
36 Nesfossen Smolt AS Mediumno. 6 in the class 83 32.2% 81.3% 5.06 13.2% 73 MNOK
37 Refisk AS Microno. 22 in the class 82 22.9% 86.2% 3.81 111.2% 1 MNOK
38 Notbas AS Microno. 23 in the class 82 69.6% 84.9% 8.04 24.6% 2 MNOK
39 Dypfjord AS Smallno. 9 in the class 82 35.0% 88.3% 7.71 12.7% 29 MNOK
40 Gj-Marine AS Microno. 24 in the class 82 49.9% 60.5% 2.53 301.1% 2 MNOK
41 AS SÆBJØRN Mediumno. 7 in the class 82 60.0% 86.5% 5.97 −3.4% 100 MNOK
42 Snarsetværing AS Smallno. 10 in the class 82 33.2% 74.0% 11.46 112.6% 14 MNOK
43 Sørvest Laks AS Mediumno. 8 in the class 82 23.3% 69.0% 3.24 193.8% 140 MNOK
44 Øyaskjær AS Smallno. 11 in the class 82 28.4% 91.5% 10.80 11.1% 18 MNOK
45 Reinefangst AS Smallno. 12 in the class 81 43.7% 67.8% 12.75 11.7% 17 MNOK
46 Venarøy AS Microno. 25 in the class 81 78.9% 83.5% – 13.4% 1 MNOK
47 Siktefisk AS Microno. 26 in the class 81 46.5% 73.8% 2.73 79.1% 2 MNOK
48 Jarle Bergs Sønner AS Mediumno. 9 in the class 81 74.0% 38.7% 6.62 244.5% 231 MNOK
49 HG Willassen AS Microno. 27 in the class 81 28.4% 94.6% 14.57 1,980.2% 4 MNOK
50 Suovdifisk AS Microno. 28 in the class 81 31.1% 87.4% 7.39 45.4% 2 MNOK

Bankrupt or being wound up

These companies are left out of the ranking.

Showing 50 of 93. 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.