Carglass AS
Score · fiscal year 2025
26of 100
How to read this: the company is ahead of 4 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 71 of 74 · What are Morning company classes?
Place in the whole sector: 1,474 of 1,691 · Annen tjenesteyting
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 34 and solidity 10 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Carglass AS is 24 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 50 among 74 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 1.3% (median 2.2%) and equity ratio 10.9% (median 23.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 814 MNOK | 902 MNOK |
| Operating margin | 1.3% | 2.2% |
| Profit margin | 0.9% | 1.9% |
| Return on assets | 4.5% | 7.9% |
| Equity ratio | 10.9% | 23.8% |
| Debt-to-equity | 8.19 | 2.90 |
| Current ratio | 0.86 | 1.20 |
| Revenue growth | 14.2% | 14.0% |
| Revenue per employee | 2.12 MNOK | 7.95 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 26, Carglass AS does better than 4% of companies in the Morning class Large in the same sector (74 companies) in 2025.
Score 2023–2025
- Carglass AS
- Median: companies in the Morning class Large in the same sector
Carglass AS has a score of 26 for 2025, rank 1,474 of 1,691 in the sector.
Strongest: Growth: percentile 51 against peers, revenue growth 14.2% against a median of 14.0%.
Weakest: Liquidity: percentile 8 against peers, current ratio 0.86 against a median of 1.20. Solidity: percentile 10 against peers, equity ratio 10.9% against a median of 23.8%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.2 times current assets. Based on: current ratio 0.86 (median 1.20).
- What lies behind weak solidity, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Carglass AS had an operating margin of 1.3% and an equity ratio of 10.9% in 2025, and ranks 1,474 of 1,691 in Annen tjenesteyting.
From 2024 to 2025: went from a loss to a profit before tax and revenue grew by 14%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 29 MNOK and 135 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 50 MNOK |
| EV/EBIT | 8.0 | 135 MNOK |
| P/B | 1.0 | 29 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
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.86 (median 1.20).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.1% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
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 −0.2%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 34 | weight 30% |
|---|---|---|
| Solidity | 10 | weight 25% |
| Liquidity | 8 | weight 15% |
| Growth | 51 | weight 15% |
| Consistency | 30 | weight 15% |
Durability: 23 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Carglass AS?
The operating margin was 1.3% in 2025, against a median of 2.2% among companies in the Morning class Large in the same sector. Return on assets was 4.5%.
How solid is Carglass AS?
The equity ratio was 10.9% in 2025 (median 23.8%). Debt-to-equity was 8.19 (median 2.90).
What is the liquidity of Carglass AS like?
The current ratio was 0.86 in 2025 (median 1.20). Current assets did not cover current liabilities.
How does Carglass AS compare in Annen tjenesteyting?
Carglass AS ranks 1,474 of 1,691 in Annen tjenesteyting for 2025. Among companies in the Morning class Large it is number 71 of 74. Revenue changed by 14.2% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 25 January 2022 | Politiets fellestjenester | Bilglass | 4.2 MNOK (framework) |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 985758220
- Legal form
- AS · part of a group
- Sector
- Annen tjenesteyting (95.310)
- Morning company class
- Large
- Employees
- 384 registered 10 October 2026
- Founded
- 15 May 2003 23 years in operation
- Share capital
- 31.00 MNOK
- Business address
- Ensjøveien 17, 0655 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.hurtigruta.no
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
Loading roles …
Source: Central Coordinating Register, fetched 31 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 19 | 24 | 26 | |
| Rank | 1,423 | 1,466 | 1,474 | |
| Operating margin | 1.2% | −0.5% | 1.3% | |
| Return on assets | 3.5% | −0.7% | 4.5% | |
| Equity ratio | 11.2% | 10.7% | 10.9% | |
| Current ratio | 0.79 | 0.76 | 0.86 | |
| Revenue growth | – | 13.8% | 14.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 626.1 MNOK | 712.6 MNOK | 813.5 MNOK |
| Operating profit | 7.5 MNOK | −3.9 MNOK | 10.4 MNOK |
| Profit before tax | 0.1 MNOK | −9.0 MNOK | 7.2 MNOK |
| Net profit | −1.6 MNOK | −7.8 MNOK | 5.0 MNOK |
| Financial expenses | 8.6 MNOK | 7.5 MNOK | 4.9 MNOK |
| Total assets | 247.6 MNOK | 211.6 MNOK | 270.1 MNOK |
| Current assets | 173.3 MNOK | 144.4 MNOK | 206.8 MNOK |
| Equity | 27.8 MNOK | 22.6 MNOK | 29.4 MNOK |
| Retained earnings | −3.2 MNOK | −8.4 MNOK | −1.6 MNOK |
| Total liabilities | 219.8 MNOK | 189.0 MNOK | 240.8 MNOK |
| Current liabilities | 219.8 MNOK | 189.0 MNOK | 240.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6885842.
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