profit from every NOK 100 of sales.
NOK 0NOK 100
Norsk Hydro
NOK 69.34-1.14% today
-8.7% in 1 year
1-year low NOK 65.321-year high NOK 119.45
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay NOK 20.29 for every NOK 1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Norsk Hydro sold, what it kept, and what it did with the cash.
Sales went from NOK 208 billion in 2022 to NOK 208 billion in 2025, with NOK 6.72 billion of profit last year.
SalesProfit
Norsk Hydro handed back 46% of the cash it generated last year.
NOK 4.6B
Free cash flow 2025NOK 11.7B
Bought back its own sharesNOK 856M
Paid as dividendsNOK 4.6B
Cash vs. debtNOK 16.1B vs. NOK 36.6B
Norsk Hydro vs. similar companies
Norsk Hydro grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from NOK 100 of sales | Sales growth a year | Price per NOK 1 of profit |
|---|---|---|---|
| Norsk Hydro | 20.3× · Fair price | ||
 Shandong Hongqiao Aluminum Industry | 10.2× · Cheap | ||
 China Hongqiao Group | 7.3× · Cheap | ||
 Hindalco Industries | 16.0× · Fair price | ||
 Aluminum Corporation of China | 11.4× · Cheap |
AI analysis
An AI analyst reads Norsk Hydro's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 207,929 | 193,619 | 203,635 | 207,971 | |
| 78,556 | 70,081 | 74,286 | 74,855 | |
| 50,284 | 38,428 | 40,894 | 40,532 | |
| 42,218 | 18,274 | 22,188 | 26,658 | |
| 24,154 | 3,583 | 5,790 | 6,717 | |
| 11.78 | 1.77 | 2.90 | 3.41 | |
| 37.8% | 36.2% | 36.5% | 36.0% | |
| 24.2% | 19.8% | 20.1% | 19.5% | |
| 11.6% | 1.9% | 2.8% | 3.2% |
Balance sheet
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 198,618 | 206,462 | 207,371 | 208,296 |
| Cash | 29,805 | 24,618 | 15,049 | 16,085 |
| Total debt | 32,774 | 36,088 | 34,749 | 36,574 |
| Total liabilities | 90,820 | 99,279 | 99,919 | 101,201 |
| 102,455 | 100,579 | 101,461 | 99,843 | |
| 2,051 | 2,029 | 1,998 | 1,970 | |
| 19.4% | 5.1% | 6.9% | 9.3% | |
| 23.6% | 3.6% | 5.7% | 6.7% |
Cash flow
| In millions of NOK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 29,393 | 22,220 | 15,356 | 23,311 | |
| 9,604 | 13,638 | 13,555 | 11,582 | |
| 19,789 | 8,582 | 1,801 | 11,729 | |
| Dividends paid | 14,179 | 12,574 | 5,015 | 4,581 |
| 661 | 2,157 | 2,272 | 856 | |
| – | – | – | – |
Valuation
- 20.3×
- –
- –
- 2.2×
- 0.7×
- 11.6×
- 5.9×
- 8.6%
- 4.9%
- 3.4%
Profitability
- 36.0%
- 19.5%
- 3.2%
- –
- 9.3%
- 10.2%
- –
- –
- –
- –
Growth
- +0.0%
- −33.8%
- –
- –
- −1.3%
Financial health
- 0.8×
- 0.37
- –
- 6.3×
- 1.73
- –
- –
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 34%of 989
Top 26%of 954
Top 48%of 773
Bottom 36%of 933
Top 16%of 988
3.4%of the share price, paid each year
On $1,000 invested$34a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
68.2% of its profit
Room to growStretchedMore than it earns: 39.1%
News
Norsk Hydro reports Q3 resultsSeeking Alpha · Oct 23, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
59No pass
Benjamin Graham
61Pass
Philip Fisher
44No pass
Peter Lynch
19No pass
Joel Greenblatt
43No pass
Charlie Munger
45No pass
Terry Smith
42No pass
Questions about Norsk Hydro
Is Norsk Hydro a good stock to buy?
A business with weak numbers at a fair price. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Norsk Hydro AI analysis
What does Norsk Hydro do?
Norsk Hydro ASA engages in power production, bauxite extraction, alumina refining, aluminum smelting, recycling activities, and extruded solutions worldwide. It is in Aluminum, based in Oslo, Norway, with 32,171 employees.
Does Norsk Hydro pay a dividend?
Yes. At today's price the dividend is 3.4% a year, about 68% of its yearly profit. In 2025 it paid out NOK 4.58 billion in dividends.
Is Norsk Hydro stock halal?
Yes. Norsk Hydro passes our halal screen: its business is permitted and its debt is 27% of its market value, under the 30% limit. How we check
How has Norsk Hydro stock done over the past year?
Down 8.7% over the past twelve months, to NOK 69.34. It traded between NOK 65.32 and NOK 119.45 and is 42.0% below its high.
Who are Norsk Hydro's competitors?
The largest listed companies in the same industry are Shandong Hongqiao Aluminum Industry, China Hongqiao Group, Hindalco Industries and Aluminum Corporation of China. The peers table on this page compares their profit, growth and price with Norsk Hydro's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.