Nokia Oyj(NOK)Earnings, Financials & Key Ratios
NOK•NYSE
106.5× P/E·Price updated Jun 19, 2026
AboutNokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks covering technologies from 2G to 5G, and microwave radio links for transport networks. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, and cloud and virtualization services, as well as wi-fi portfolio, including mesh solutions and cloud-based controllers; IP routing solutions for IP aggregation, and edge and core applications for residential, business, mobile, and industrial services; a portfolio of optical networks comprising portfolio coherent optical transponders, optical transport network switchers, wavelength-division multiplexers, reconfigurable optical add-drop multiplexer solutions, and optical line systems for metro access and aggregation, data center interconnect, regional, and long-haul/ultra-long-haul applications; and submarine networks. In addition, it offers business applications software, cloud and cognitive services, core networks software, and enterprise solutions. Further, the company provides hardware, software, and services, as well as licensing of intellectual property, including patents, technologies, and the Nokia brand. It serves communications service providers, webscales, hyperscalers, digital industries, and government. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.Show more
- Revenue$19.89B+3.5%
- EBITDA$1.9B-27.0%
- Net Income$651M-49.0%
- EPS (Diluted)0.11-52.2%
- Gross Margin43.54%-5.6%
- EBITDA Margin9.56%-29.5%
- Operating Margin3.93%-52.5%
- Net Margin3.27%-50.7%
- ROE3.12%-49.5%
NOK Key Insights
Nokia Oyj (NOK) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 95 (top 5%)
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Weak 3Y average ROE of 4.2%
- ✗Dividend payout exceeds 100% of earnings
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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NOK Price & Volume
Nokia Oyj (NOK) stock price & volume — 10-year historical chart
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NOK Growth Metrics
Nokia Oyj (NOK) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.7%
5 Years-1.86%
3 Years-5.76%
TTM4.33%
Profit CAGR
10 Years-12.47%
5 Years-
3 Years-46.49%
TTM1.53%
EPS CAGR
10 Years-15.88%
5 Years-
3 Years-47.26%
TTM4.82%
Return on Capital
10 Years2.86%
5 Years5.8%
3 Years4.47%
Last Year2.83%
NOK Recent Earnings
Nokia Oyj (NOK) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.06+0.0%
$0.06
Rev
$5.3B-1.2%
$5.3B
Q1 2026
Jan 29, 2026Metric
Actual
Est
EPS
$0.21+23.5%
$0.17
Rev
$7.3B+2.6%
$7.1B
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.07+16.7%
$0.06
Rev
$5.7B-7.4%
$6.1B
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$0.05-28.6%
$0.07
Rev
$5.4B+13.3%
$4.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.06vs $0.06+0.0% | $5.3Bvs $5.3B-1.2% |
| Q1 2026 | Jan 29, 2026 | $0.21vs $0.17+23.5% | $7.3Bvs $7.1B+2.6% |
| Q4 2025 | Oct 23, 2025 | $0.07vs $0.06+16.7% | $5.7Bvs $6.1B-7.4% |
| Q3 2025 | Jul 24, 2025 | $0.05vs $0.07-28.6% | $5.4Bvs $4.7B+13.3% |
Based on last 12 quarters of dataView full earnings history →
NOK Peer Comparison
Nokia Oyj (NOK) competitors in Carrier Network Infrastructure Equipment — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ERIC | 34.95B | 11.38 | 13.52 | -14.22% | 12.07% | 29.04% | 0.42 | |
 CSCO | 471.16B | 119.54 | 46.88 | 5.3% | 19.69% | 25.14% | 0.60 | |
 HPE | 62.78B | 47.41 | -1063.00 | 14.06% | 3.9% | 6.11% | 0.97 | |
 CIEN | 60.62B | 428.22 | 503.79 | 18.79% | 7.87% | 15.65% | 0.58 | |
 VIAV | 10.91B | 47.17 | 314.47 | 8.39% | -4.03% | -6.92% | 0.89 | |
 CALX | 2.45B | 37.95 | 145.96 | 20.26% | 3.2% | 4.25% | 0.03 | |
 QCOM | 238.32B | 226.11 | 45.13 | 13.66% | 22.31% | 40.19% | 0.77 | |
 MRVL | 271.7B | 310.58 | 101.17 | 42.09% | 28.99% | 16.84% | 0.33 |
Compare NOK vs Peers
Nokia Oyj (NOK) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NOK Income Statement
Nokia Oyj (NOK) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 23.15B | 22.56B | 23.32B | 21.85B | 22.2B | 23.76B | 21.14B | 19.22B | 19.89B | 20B |
Revenue Growth % | -2.09% | -2.52% | 3.33% | -6.27% | 1.6% | 7.02% | -11.04% | -9.07% | 3.48% | 4.33% |
Cost of Goods Sold | 14.01B | 14.25B | 15.05B | 13.66B | 13.37B | 13.66B | 12.59B | 10.36B | 11.23B | 11.17B |
COGS % of Revenue | 60.52% | 63.16% | 64.55% | 62.51% | 60.21% | 57.49% | 59.57% | 53.88% | 56.46% | - |
Gross Profit | 9.14B▲ 0% | 8.31B▼ 9.0% | 8.26B▼ 0.6% | 8.19B▼ 0.9% | 8.83B▲ 7.8% | 10.1B▲ 14.3% | 8.55B▼ 15.4% | 8.86B▲ 3.7% | 8.66B▼ 2.3% | 8.82B▲ 0% |
Gross Margin % | 39.48% | 36.84% | 35.45% | 37.49% | 39.79% | 42.51% | 40.43% | 46.12% | 43.54% | 44.12% |
Gross Profit Growth % | 7.21% | -9.05% | -0.58% | -0.86% | 7.82% | 14.34% | -15.39% | 3.72% | -2.31% | - |
Operating Expenses | 9.12B | 8.37B | 7.78B | 7.31B | 6.68B | 7.66B | 7.08B | 7.27B | 7.88B | 8B |
OpEx % of Revenue | 39.41% | 37.1% | 33.36% | 33.44% | 30.07% | 32.23% | 33.48% | 37.85% | 39.6% | - |
Selling, General & Admin | 3.62B | 3.55B | 3.22B | 2.9B | 2.79B | 2.96B | 2.86B | 2.87B | 3.07B | 3.02B |
SG&A % of Revenue | 15.62% | 15.73% | 13.81% | 13.26% | 12.58% | 12.44% | 13.54% | 14.94% | 15.45% | - |
Research & Development | 4.92B | 4.78B | 4.53B | 4.09B | 4.21B | 4.5B | 4.28B | 4.51B | 4.86B | 4.95B |
R&D % of Revenue | 21.24% | 21.17% | 19.44% | 18.7% | 18.98% | 18.95% | 20.23% | 23.48% | 24.41% | - |
Other Operating Expenses | 592M | 45M | 28M | 323M | -330M | 198M | -64M | -110M | -51M | 0 |
Operating Income | 16M▲ 0% | -59M▼ 468.8% | 485M▲ 922.0% | 885M▲ 82.5% | 2.16B▲ 143.8% | 2.44B▲ 13.3% | 1.47B▼ 39.9% | 1.59B▲ 8.2% | 782M▼ 50.8% | 819M▲ 0% |
Operating Margin % | 0.07% | -0.26% | 2.08% | 4.05% | 9.72% | 10.29% | 6.95% | 8.27% | 3.93% | 4.1% |
Operating Income Growth % | 101.45% | -468.75% | 922.03% | 82.47% | 143.84% | 13.25% | -39.85% | 8.16% | -50.82% | - |
EBITDA | 1.61B | 1.4B | 2.15B | 2.02B | 3.25B | 3.58B | 2.56B | 2.6B | 1.9B | 1.88B |
EBITDA Margin % | 6.94% | 6.19% | 9.2% | 9.23% | 14.65% | 15.08% | 12.1% | 13.55% | 9.56% | 9.42% |
EBITDA Growth % | 225.3% | -13.13% | 53.65% | -5.97% | 61.28% | 10.18% | -28.66% | 1.84% | -27% | -12.58% |
D&A (Non-Cash Add-back) | 1.59B | 1.46B | 1.66B | 1.13B | 1.09B | 1.14B | 1.09B | 1.01B | 1.12B | 1.06B |
EBIT | -1M | -78M | 468M | 987M | 2.13B | 2.39B | 1.82B | 2.42B | 1.13B | 1.17B |
Net Interest Income | -341M | -214M | -185.8M | -176M | -223.39M | -183.92M | -65.95M | -35.7M | 79.72M | 68.72M |
Interest Income | 60M | 76M | 81.71M | 68M | 57.92M | 86.18M | 237.85M | 324.51M | 79.72M | 68.72M |
Interest Expense | 509M | 282M | 267.5M | 244M | 281.31M | 270.1M | 303.79M | 360.2M | 0 | 0 |
Other Income/Expense | -526M | -301M | -329M | -142M | -232M | -275M | -1M | 501M | 133M | 312M |
Pretax Income | -510M▲ 0% | -360M▲ 29.4% | 156M▲ 143.3% | 743M▲ 376.3% | 1.93B▲ 159.2% | 2.17B▲ 12.6% | 1.47B▼ 32.3% | 2.09B▲ 42.3% | 915M▼ 56.2% | 1.13B▲ 0% |
Pretax Margin % | -2.2% | -1.6% | 0.67% | 3.4% | 8.67% | 9.13% | 6.95% | 10.88% | 4.6% | 5.66% |
Income Tax | 927M | 189M | 138M | 3.26B | 272M | -2.03B | 820M | 380M | 277M | 347M |
Effective Tax Rate % | -181.76% | -52.5% | 88.46% | 438.22% | 14.12% | -93.73% | 55.82% | 18.17% | 30.27% | 30.68% |
Net Income | -1.49B▲ 0% | -335M▲ 77.6% | 7M▲ 102.1% | -2.52B▼ 36142.9% | 1.62B▲ 164.3% | 4.25B▲ 161.9% | 665M▼ 84.4% | 1.28B▲ 92.0% | 651M▼ 49.0% | 796M▲ 0% |
Net Margin % | -6.45% | -1.48% | 0.03% | -11.55% | 7.31% | 17.89% | 3.15% | 6.64% | 3.27% | 3.98% |
Net Income Growth % | -95.04% | 77.58% | 102.09% | -36142.86% | 164.33% | 161.86% | -84.35% | 92.03% | -49.02% | 1.53% |
Net Income (Continuing) | -1.44B | -549M | 18M | -2.51B | 1.65B | 4.2B | 649M | 1.71B | 638M | 784M |
Discontinued Operations | -21M | 214M | -7M | -3M | -9M | 57M | 30M | -427M | 22M | 3M |
Minority Interest | 80M | 82M | 85.31M | 97.88M | 102M | 93M | 91M | 90M | 90.96M | 92M |
EPS (Diluted) | -0.26▲ 0% | -0.06▲ 76.6% | 0.00▲ 105.3% | -0.45▼ 14162.5% | 0.29▲ 164.4% | 0.75▲ 158.6% | 0.12▼ 84.0% | 0.23▲ 91.7% | 0.11▼ 52.2% | 0.14▲ 0% |
EPS Growth % | -100% | 76.62% | 105.26% | - | 164.44% | 158.62% | -84% | 91.67% | -52.17% | 4.82% |
EPS (Basic) | -0.26 | -0.06 | 0.00 | -0.45 | 0.29 | 0.76 | 0.12 | 0.23 | 0.11 | - |
Diluted Shares Outstanding | 5.65B | 5.59B | 5.63B | 5.61B | 5.68B | 5.67B | 5.59B | 5.53B | 5.5B | 5.72B |
Basic Shares Outstanding | 5.65B | 5.54B | 5.6B | 5.61B | 5.63B | 5.61B | 5.55B | 5.46B | 5.42B | 5.59B |
Dividend Payout Ratio | - | - | 8142.86% | - | 0.55% | 8.31% | 91.88% | 56.62% | 111.1% | - |
NOK Balance Sheet
Nokia Oyj (NOK) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 19.86B | 18.26B | 18.87B | 22.29B | 19.6B | 20.27B | 18.17B | 17.99B | 15.79B | 15.01B |
Cash & Short-Term Investments | 8.58B | 7.12B | 6.74B | 9.86B | 9.6B | 9.16B | 8.24B | 8.91B | 6.42B | 6.12B |
Cash Only | 7.37B | 6.26B | 6.63B | 8.49B | 6.69B | 5.47B | 6.23B | 6.62B | 5.46B | 4.95B |
Short-Term Investments | 1.21B | 855M | 108.88M | 1.37B | 2.91B | 3.69B | 2.01B | 2.29B | 960.59M | 1.17B |
Accounts Receivable | 7.11B | 7.03B | 7.66B | 8.41B | 6.76B | 6.75B | 6.94B | 6.74B | 6.82B | 6.51B |
Days Sales Outstanding | 112.15 | 113.64 | 119.95 | 140.42 | 111.22 | 103.72 | 119.85 | 127.96 | 125.11 | 109.08 |
Inventory | 2.65B | 3.18B | 3.3B | 2.74B | 2.39B | 3.27B | 2.72B | 2.16B | 2.21B | 2.38B |
Days Inventory Outstanding | 68.95 | 81.45 | 79.92 | 73.3 | 65.31 | 87.24 | 78.81 | 76.24 | 71.77 | 77.16 |
Other Current Assets | 23M | 5M | 206.54M | 285.09M | 0 | 664M | 79M | 0 | 339.86M | 0 |
Total Non-Current Assets | 21.16B | 21.27B | 26.95B | 24.23B | 20.45B | 22.68B | 21.69B | 21.16B | 21.8B | 22.27B |
Property, Plant & Equipment | 1.85B | 1.79B | 3.11B | 3.17B | 2.81B | 2.94B | 2.86B | 2.12B | 2.49B | 2.5B |
Fixed Asset Turnover | 12.49x | 12.61x | 7.50x | 6.90x | 7.91x | 8.07x | 7.40x | 9.07x | 7.99x | 8.95x |
Goodwill | 5.25B | 5.45B | 6.2B | 6.21B | 5.43B | 5.67B | 5.5B | 5.74B | 5.99B | 6.09B |
Intangible Assets | 3.97B | 3.35B | 2.73B | 2.39B | 1.62B | 1.26B | 1.09B | 802M | 1.4B | 1.38B |
Long-Term Investments | 1.16B | 1.21B | 1.52B | 1.57B | 1.33B | 1.98B | 1.9B | 1.76B | 1.9B | 5.64B |
Other Non-Current Assets | 4.35B | 4.55B | 5.75B | 6.43B | 8B | 6.99B | 6.47B | 7.14B | 6.38B | 6.93B |
Total Assets | 41.02B▲ 0% | 39.53B▼ 3.6% | 45.81B▲ 15.9% | 46.52B▲ 1.5% | 40.05B▼ 13.9% | 42.94B▲ 7.2% | 39.86B▼ 7.2% | 39.15B▼ 1.8% | 37.58B▼ 4.0% | 37.29B▲ 0% |
Asset Turnover | 0.56x | 0.57x | 0.51x | 0.47x | 0.55x | 0.55x | 0.53x | 0.49x | 0.53x | 0.54x |
Asset Growth % | -8.63% | -3.65% | 15.9% | 1.55% | -13.91% | 7.23% | -7.18% | -1.78% | -4.01% | -21.18% |
Total Current Liabilities | 12.81B | 14.12B | 13.53B | 14.39B | 12.1B | 12.77B | 10.93B | 11.39B | 10B | 9.58B |
Accounts Payable | 4B | 4.77B | 4.25B | 3.88B | 3.68B | 4.73B | 3.42B | 3.21B | 2.98B | 3.15B |
Days Payables Outstanding | 104.12 | 122.25 | 103.06 | 103.78 | 100.45 | 126.39 | 99.22 | 113.24 | 96.75 | 99.41 |
Short-Term Debt | 309M | 994M | 618.5M | 917.66M | 116M | 228M | 554M | 969M | 1.29B | 40M |
Deferred Revenue (Current) | 3.58B | 2.91B | 3.26B | 3.12B | 2.45B | 1.98B | 2.16B | 1.51B | 1.56B | 6.38B |
Other Current Liabilities | 2.36B | 2.51B | 3.8B | 4.57B | 2B | 2.47B | 2.46B | 3.21B | 3.83B | 4.11B |
Current Ratio | 1.55x | 1.29x | 1.39x | 1.55x | 1.62x | 1.59x | 1.66x | 1.58x | 1.58x | 1.57x |
Quick Ratio | 1.34x | 1.07x | 1.15x | 1.36x | 1.42x | 1.33x | 1.41x | 1.39x | 1.36x | 1.32x |
Cash Conversion Cycle | 76.97 | 72.84 | 96.81 | 109.95 | 76.08 | 64.57 | 99.45 | 90.95 | 100.12 | 86.84 |
Total Non-Current Liabilities | 12B | 10.04B | 14.99B | 16.78B | 10.49B | 8.74B | 8.3B | 7.01B | 6.53B | 6.43B |
Long-Term Debt | 3.46B | 2.83B | 4.47B | 6.14B | 4.54B | 4.25B | 3.64B | 2.92B | 3.12B | 2.34B |
Capital Lease Obligations | 0 | 2M | 865.45M | 882.18M | 824M | 858M | 799M | 664M | 796.66M | 3.16B |
Deferred Tax Liabilities | 413M | 350M | 2.33B | 2.56B | 282M | 332M | 725M | 562M | 391.83M | 1.82B |
Other Non-Current Liabilities | 8.54B | 7.21B | 5.61B | 5.95B | 4.18B | 3.18B | 2.93B | 2.68B | 1.93B | 2.66B |
Total Liabilities | 24.81B | 24.16B | 28.52B | 31.17B | 22.59B | 21.52B | 19.23B | 18.4B | 16.53B | 16.01B |
Total Debt | 3.77B | 3.82B | 5.96B | 7.94B | 5.66B | 5.52B | 5.19B | 4.75B | 5.21B | 3.33B |
Net Debt | -3.6B | -2.44B | -676.87M | -555.49M | -1.03B | 52M | -1.05B | -1.87B | -251.89M | -1.63B |
Debt / Equity | 0.23x | 0.25x | 0.34x | 0.52x | 0.32x | 0.26x | 0.25x | 0.23x | 0.25x | 0.16x |
Debt / EBITDA | 2.34x | 2.74x | 2.78x | 3.93x | 1.74x | 1.54x | 2.03x | 1.82x | 2.74x | 1.77x |
Net Debt / EBITDA | -2.24x | -1.75x | -0.32x | -0.28x | -0.32x | 0.01x | -0.41x | -0.72x | -0.13x | -0.86x |
Interest Coverage | -0.00x | -0.28x | 1.75x | 4.05x | 7.58x | 8.84x | 6.00x | 6.71x | - | - |
Total Equity | 16.22B▲ 0% | 15.37B▼ 5.2% | 17.29B▲ 12.5% | 15.35B▼ 11.2% | 17.46B▲ 13.8% | 21.43B▲ 22.7% | 20.63B▼ 3.7% | 20.75B▲ 0.6% | 21.05B▲ 1.5% | 21.27B▲ 0% |
Equity Growth % | -22.68% | -5.22% | 12.47% | -11.21% | 13.76% | 22.7% | -3.72% | 0.58% | 1.46% | -5.92% |
Book Value per Share | 2.87 | 2.75 | 3.07 | 2.73 | 3.07 | 3.78 | 3.69 | 3.75 | 3.83 | 3.72 |
Total Shareholders' Equity | 16.14B | 15.29B | 17.2B | 15.25B | 17.36B | 21.33B | 20.54B | 20.66B | 20.96B | 21.18B |
Common Stock | 246M | 246M | 276.13M | 300.99M | 246M | 246M | 246M | 246M | 245.9M | 246M |
Retained Earnings | 1.15B | -1.06B | -1.81B | -5.07B | -2.54B | 1.38B | 1.4B | 1.96B | 1.86B | 1.77B |
Treasury Stock | -1.48B | -408M | -395.12M | -430.69M | -352M | -352M | -352M | -431M | -351.85M | -352M |
Accumulated OCI | 15.78B | 16.08B | 18.65B | 19.91B | 19.55B | 19.56B | 18.61B | 18.15B | -1.27B | 18.66B |
Minority Interest | 80M | 82M | 85.31M | 97.88M | 102M | 93M | 91M | 90M | 90.96M | 92M |
NOK Cash Flow Statement
Nokia Oyj (NOK) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 1.81B | 360M | 390M | 1.76B | 2.63B | 1.47B | 1.32B | 2.49B | 1.99B | 2.08B |
Operating CF Margin % | 7.83% | 1.6% | 1.67% | 8.05% | 11.82% | 6.2% | 6.23% | 12.97% | 10% | - |
Operating CF Growth % | 224.54% | -80.13% | 8.33% | 351.03% | 49.23% | -43.85% | -10.65% | 89.29% | -20.21% | -1.17% |
Net Income | -1.46B | -335M | 11M | -2.42B | 1.65B | 4.26B | 679M | 1.28B | 604.18M | 796M |
Depreciation & Amortization | 1.59B | 1.46B | 1.66B | 1.13B | 1.09B | 1.14B | 1.09B | 1.01B | 1.07B | 1.11B |
Stock-Based Compensation | 92M | 68M | 81M | 76M | 108M | 149M | 202M | 241M | 0 | 0 |
Deferred Taxes | 937M | 64M | 140M | 3.25B | 273M | -2.03B | 825M | 385M | 0 | 133M |
Other Non-Cash Items | 52M | 51M | 286M | 465M | -228M | -201M | -194M | 138M | 511M | 424.67M |
Working Capital Changes | 598M | -943M | -1.79B | -744M | -268M | -1.84B | -1.28B | -569M | -200.75M | -389.9M |
Change in Receivables | -421M | 246M | 159M | -418M | 239M | -451M | 304M | -364M | -24.01M | -387.65M |
Change in Inventory | -296M | -544M | 285M | 547M | -48M | -991M | 478M | 404M | 143.12M | 19.25M |
Change in Payables | 1.31B | -645M | 0 | -845M | 0 | 0 | 0 | 0 | -319.86M | 63.49M |
Cash from Investing | 9M | -315M | -290M | -1.52B | -1.79B | -1.88B | 1.04B | -117M | -1.34B | -864.65M |
Capital Expenditures | -601M | -672M | -690M | -479M | -560M | -601M | -652M | -472M | -582.08M | -620.83M |
CapEx % of Revenue | 2.6% | 2.98% | 2.96% | 2.19% | 2.52% | 2.53% | 3.08% | 2.46% | 2.93% | 3.1% |
Acquisitions | -420M | -49M | 19M | -93M | -33M | -17M | -2M | 193M | -1.6B | -762.42M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 67M | 88M | -101M | 23M | 45M | 2M | 219M | 158M | 84.53M | 90.62M |
Cash from Financing | -1.75B | -969M | -479M | 883M | -1.21B | -837M | -1.5B | -2B | -1.55B | -1.76B |
Debt Issued (Net) | 43M | 110M | 92M | 1.03B | -1.2B | -184M | -581M | -600M | -349.63M | -1.06B |
Equity Issued (Net) | -785M | 0 | 0 | 0 | 0 | -300M | -300M | -680M | 225.73M | 713.37M |
Dividends Paid | -970M | -1.08B | -570M | -149M | -9M | -353M | -611M | -723M | -723.28M | -799.37M |
Share Repurchases | -785M | 0 | 0 | 0 | 0 | -300M | -300M | -680M | -599.37M | -114.89M |
Other Financing | -37M | 2M | -1M | 0 | 0 | 0 | -10M | 0 | -699.27M | -606.52M |
Net Change in Cash | -128M▲ 0% | -1.11B▼ 765.6% | -351M▲ 68.3% | 1.03B▲ 393.4% | -249M▼ 124.2% | -1.22B▼ 391.6% | 767M▲ 162.7% | 389M▼ 49.3% | -377.27M▼ 197.0% | -572.39M▲ 0% |
Free Cash Flow | 1.21B▲ 0% | -312M▼ 125.8% | -300M▲ 3.8% | 1.28B▲ 526.7% | 2.06B▲ 61.3% | 873M▼ 57.7% | 665M▼ 23.8% | 2.02B▲ 203.9% | 1.41B▼ 30.4% | 1.46B▲ 0% |
FCF Margin % | 5.23% | -1.38% | -1.29% | 5.86% | 9.3% | 3.67% | 3.15% | 10.52% | 7.08% | 7.29% |
FCF Growth % | 162.68% | -125.76% | 3.85% | 526.67% | 61.33% | -57.72% | -23.83% | 203.91% | -30.37% | -20.93% |
FCF per Share | 0.21 | -0.06 | -0.05 | 0.23 | 0.36 | 0.15 | 0.12 | 0.37 | 0.26 | 0.25 |
FCF Conversion (FCF/Net Income) | -1.21x | -1.07x | 55.71x | -0.70x | 1.62x | 0.35x | 1.98x | 1.95x | 3.06x | 1.83x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NOK Key Ratios
Nokia Oyj (NOK) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -8.03% | -2.12% | 0.04% | -15.46% | 9.89% | 21.86% | 3.16% | 6.17% | 3.12% | 3.89% |
Return on Invested Capital (ROIC) | 0.08% | -0.35% | 2.46% | 4.23% | 10.37% | 9.67% | 5.37% | 6.2% | 2.96% | 3.13% |
Gross Margin | 39.48% | 36.84% | 35.45% | 37.49% | 39.79% | 42.51% | 40.43% | 46.12% | 43.54% | 44.12% |
Net Margin | -6.45% | -1.48% | 0.03% | -11.55% | 7.31% | 17.89% | 3.15% | 6.64% | 3.27% | 3.98% |
Debt / Equity | 0.23x | 0.25x | 0.34x | 0.52x | 0.32x | 0.26x | 0.25x | 0.23x | 0.25x | 0.16x |
Interest Coverage | -0.00x | -0.28x | 1.75x | 4.05x | 7.58x | 8.84x | 6.00x | 6.71x | - | - |
FCF Conversion | -1.21x | -1.07x | 55.71x | -0.70x | 1.62x | 0.35x | 1.98x | 1.95x | 3.06x | 1.83x |
Revenue Growth | -2.09% | -2.52% | 3.33% | -6.27% | 1.6% | 7.02% | -11.04% | -9.07% | 3.48% | 4.33% |
Related:NOK Dividend History·NOK Revenue History·NOK Price History·NOK P/E History·NOK Financial Ratios·NOK Institutional Holders
NOK Frequently Asked Questions
Nokia Oyj (NOK) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Nokia Oyj (NOK) reported $20.00B in revenue for fiscal year 2025. This represents a 195% increase from $6.79B in 1996.
Nokia Oyj (NOK) grew revenue by 3.5% over the past year. Growth has been modest.
Yes, Nokia Oyj (NOK) is profitable, generating $796.0M in net income for fiscal year 2025 (3.3% net margin).
Dividend & Returns
Yes, Nokia Oyj (NOK) pays a dividend with a yield of 1.12%. This makes it attractive for income-focused investors.
Nokia Oyj (NOK) has a return on equity (ROE) of 3.1%. This is below average, suggesting room for improvement.
Nokia Oyj (NOK) generated $1.46B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.