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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
51 Caro Fisk AS Microno. 29 in the class 81 29.5% 97.3% 37.47 44.6% 1 MNOK
52 Breivik Senior AS Microno. 30 in the class 81 37.6% 88.0% 8.44 25.9% 9 MNOK
53 K. Elveseter AS Microno. 31 in the class 81 79.1% 59.4% 18.67 472.3% 2 MNOK
54 Kontepella AS Microno. 32 in the class 81 44.3% 66.9% 3.53 172.3% 2 MNOK
55 Jessica AS Smallno. 13 in the class 80 26.4% 80.7% 4.11 8.2% 11 MNOK
56 Akvahelse AS Microno. 33 in the class 80 53.1% 93.6% 11.06 0.9% 1 MNOK
57 Brødrene Ben AS Microno. 34 in the class 80 24.6% 91.7% 4.33 57.0% 2 MNOK
58 Høyvikbåen AS Microno. 35 in the class 80 79.8% 57.8% 3.53 348.7% 3 MNOK
59 Strandenes Kystfiske AS Microno. 36 in the class 80 62.3% 61.5% 15.90 70.6% 2 MNOK
60 Eros ASsubsidiary of Pme AS Mediumno. 10 in the class 80 48.3% 82.2% 8.71 4.5% 170 MNOK
61 Rørvik Fisk Kystmiljø AS Smallno. 14 in the class 80 20.1% 91.7% 11.40 16.9% 20 MNOK
62 Polaralge AS Microno. 37 in the class 80 32.1% 86.9% 7.47 113.7% 2 MNOK
63 Sjøviktrål AS Smallno. 15 in the class 80 149.2% 71.8% 3.54 8.8% 19 MNOK
64 Mnh Rederi AS Smallno. 16 in the class 80 43.8% 78.6% 31.75 −2.4% 26 MNOK
65 Vikabuen AS Microno. 38 in the class 79 13.5% 94.3% 17.57 62.9% 1 MNOK
66 Magne Sjo AS Smallno. 17 in the class 79 35.3% 66.1% 2.55 19.3% 33 MNOK
67 Reitefisk AS Microno. 39 in the class 79 42.9% 90.3% 7.22 19.4% 4 MNOK
68 Forsberg AS Microno. 40 in the class 79 70.1% 55.5% 3.03 91.1% 1 MNOK
69 Sirfond AS Microno. 41 in the class 79 23.8% 76.3% 26.32 – 1 MNOK
70 GM Fisk AS Microno. 42 in the class 79 18.6% 87.8% 3.11 62.9% 4 MNOK
71 Havbryn AS Mediumno. 11 in the class 79 78.7% 43.9% 2.39 145.4% 353 MNOK
72 Olsen Gruppen AS Smallno. 18 in the class 79 63.4% 38.1% 40.30 283.4% 34 MNOK
73 Rørvik Fisk AS Mediumno. 12 in the class 79 12.4% 86.7% 6.64 16.7% 100 MNOK
74 Munin AS Microno. 43 in the class 79 21.2% 85.7% 4.51 46.7% 5 MNOK
75 Reinebuen AS Smallno. 19 in the class 79 34.8% 65.7% 5.53 13.8% 22 MNOK
76 Frøfisk AS Smallno. 20 in the class 79 30.8% 76.4% 2.39 22.8% 34 MNOK
77 Einar Erlend AS Mediumno. 13 in the class 79 30.7% 58.3% 6.00 23.1% 76 MNOK
78 Tareviking AS Smallno. 21 in the class 79 33.6% 55.3% 2.78 – 13 MNOK
79 Brødrene Sæthre AS Smallno. 22 in the class 78 26.8% 84.4% 3.70 15.4% 18 MNOK
80 Salmar Genetics AS Mediumno. 14 in the class 78 50.2% 77.4% 7.10 −9.1% 65 MNOK
81 Æsøybuen AS Microno. 44 in the class 78 24.0% 81.1% 5.05 206.3% 2 MNOK
82 Sjurelv Fiskeoppdrett AS Mediumno. 15 in the class 78 32.3% 82.3% 3.61 23.5% 330 MNOK
83 Vild Seafood AS Microno. 45 in the class 78 88.8% 91.6% 11.86 −31.5% 2 MNOK
84 Bekkefisk AS Smallno. 23 in the class 78 16.9% 79.9% 8.90 16.1% 12 MNOK
85 Sande Seafarm Production AS Smallno. 24 in the class 78 33.4% 60.1% 5.35 18.6% 23 MNOK
86 Himmeltind Kystfiske AS Microno. 46 in the class 78 36.3% 80.7% 5.58 30.1% 1 MNOK
87 Fjordsmolt AS Mediumno. 16 in the class 78 26.2% 83.1% 5.67 −5.6% 79 MNOK
88 Skansen Marine AS Microno. 47 in the class 78 65.8% 73.3% 1.29 382.0% 2 MNOK
89 Carisma Viking ASsubsidiary of Ervik Group AS Mediumno. 17 in the class 78 37.7% 52.6% 2.46 81.7% 80 MNOK
90 Aqon AS Microno. 48 in the class 78 46.2% 71.8% 1.79 81.0% 8 MNOK
91 Sulefisk Holding AS Mediumno. 18 in the class 77 99.1% 77.7% 2.01 0.1% 50 MNOK
92 Røst Fiskeindustri AS Smallno. 25 in the class 77 3.4% 91.4% 9.85 30.4% 23 MNOK
93 Njord Aqua AS Smallno. 26 in the class 77 33.8% 50.4% 1.97 85.8% 25 MNOK
94 Lofoss Fisk AS Microno. 49 in the class 77 40.7% 93.6% 12.53 13.9% 2 MNOK
95 Emilsen Fisk AS Mediumno. 19 in the class 77 44.1% 77.4% 2.05 29.2% 197 MNOK
96 Hava AS Smallno. 27 in the class 77 30.1% 67.1% 1.94 108.7% 35 MNOK
97 Stener Hepsø Fiskebåtrederi AS Smallno. 28 in the class 77 32.7% 61.5% 5.50 14.4% 47 MNOK
98 Myrvold Fisk AS Microno. 50 in the class 77 22.1% 90.8% 5.41 55.2% 1 MNOK
99 Vesterhav AS Microno. 51 in the class 77 92.5% 99.3% 363.14 −4.3% 5 MNOK
100 Ken Stian AS Microno. 52 in the class 77 28.3% 74.1% 5.23 26.9% 2 MNOK

Bankrupt or being wound up

These companies are left out of the ranking.

Showing 50 of 94. 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.