Nokia Oyj
NOK
10.62
-0.35
-3.19%
Nokia Oyj
US · NOK
#363 by market cap
Listed 1994
10.62
-0.35
-3.19%
Live - 5344 symbols - heartbeat 56s ago
· 2026-10-08 07:00
Pre-market
10.29
-3.12%
After-hours
10.64
+0.19%
Overnight
10.34
-2.64%
- Market cap
- 59.46B
- P/E (TTM)i
- 72.74
- P/Bi
- 2.51
- EPSi
- 0.13
- Div yieldi
- 1.52%
- 52W posi
- 45%
Reader sentiment
Are you bullish or bearish on NOK?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.01, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +3.48% YoY
Margins
- Gross margin
- 43.54%
- Operating margin
- 3.93%
- Net margin
- 3.27%
Key ratios & quality
- Enterprise valuei
- 56.31B
- Altman Z-Scorei
- 3.01
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22.56B | 23.32B | 21.85B | 22.20B | 23.76B | 21.14B | 19.22B | 19.89B |
| Gross profit | 8.31B | 8.26B | 8.19B | 8.83B | 10.10B | 8.55B | 8.86B | 8.66B |
| Selling & admin expenses | 3.55B | 3.22B | 2.90B | 2.79B | 2.96B | 2.86B | 2.87B | 3.07B |
| Research & development | 4.78B | 4.53B | 4.09B | 4.21B | 4.50B | 4.28B | 4.51B | 4.86B |
| Operating profit | -97.00M | 505.00M | 1.02B | 1.77B | 2.44B | 1.47B | 1.59B | 782.00M |
| Pretax profit | -360.00M | 156.00M | 743.00M | 1.93B | 2.17B | 1.47B | 2.09B | 915.00M |
| Tax | 189.00M | 138.00M | 3.26B | 272.00M | -2.03B | 820.00M | 380.00M | 277.00M |
| Net profit | -335.00M | 11.00M | -2.52B | 1.65B | 4.26B | 679.00M | 1.28B | 660.00M |
| Basic EPS | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Diluted EPS | -0.06 | 0.00 | -0.45 | 0.29 | 0.76 | 0.12 | 0.23 | 0.12 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 4.39B | 4.44B | 4.83B | 6.13B | 4.50B | 4.82B |
| Gross profit | 1.82B | 1.95B | 2.11B | 2.75B | 1.99B | 2.15B |
| Selling & admin expenses | 723.00M | 721.00M | 729.00M | 880.00M | 664.00M | 817.00M |
| Research & development | 1.15B | 1.14B | 1.17B | 1.38B | 1.24B | 1.38B |
| Operating profit | -21.00M | 148.00M | 239.00M | 437.00M | 63.00M | -50.00M |
| Pretax profit | -36.00M | 142.00M | 229.00M | 599.00M | 180.00M | 73.00M |
| Tax | 23.00M | 43.00M | 150.00M | 64.00M | 93.00M | 47.00M |
| Net profit | -60.00M | 96.00M | 80.00M | 544.00M | 87.00M | 5.00M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.01 | 0.02 | 0.01 | 0.10 | 0.02 | 0.00 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 18.27B | 16.81B | 18.22B | 19.60B | 20.27B | 18.17B | 17.99B | 15.79B |
| Cash & ST investments | 7.12B | 6.17B | 8.28B | 9.60B | 9.16B | 8.24B | 8.91B | 6.76B |
| Inventory | 3.17B | 2.94B | 2.24B | 2.39B | 3.27B | 2.72B | 2.16B | 2.21B |
| Total assets | 39.52B | 39.13B | 36.19B | 40.05B | 42.94B | 39.86B | 39.15B | 37.60B |
| Total current liabilities | 14.10B | 12.06B | 11.76B | 12.10B | 12.77B | 10.93B | 11.39B | 10.00B |
| Short-term debt | 994.00M | 551.00M | 750.00M | 301.00M | 412.00M | 752.00M | 1.17B | 1.29B |
| Long-term debt | 2.83B | 3.99B | 5.02B | 4.54B | 4.25B | 3.64B | 2.92B | 2.33B |
| Total liabilities | 24,146,000,000.00 | 23,727,000,000.00 | 23,646,000,000.00 | 22,587,000,000.00 | 21,517,000,000.00 | 19,232,000,000.00 | 18,402,000,000.00 | 16,539,000,000.00 |
| Total equity | 15.37B | 15.40B | 12.55B | 17.46B | 21.43B | 20.63B | 20.75B | 21.06B |
| Retained earnings | -1.06B | -1.61B | -4.14B | -2.54B | 1.38B | 1.40B | 1.96B | 1.86B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 16.33B | 14.26B | 14.37B | 15.79B | 15.01B | 14.76B |
| Cash & ST investments | 7.22B | 6.08B | 6.07B | 6.76B | 6.12B | 5.13B |
| Inventory | 2.58B | 2.48B | 2.38B | 2.21B | 2.38B | 2.74B |
| Total assets | 39.26B | 36.03B | 36.04B | 37.60B | 37.29B | 37.28B |
| Total current liabilities | 12.00B | 9.78B | 9.72B | 10.00B | 9.58B | 9.81B |
| Short-term debt | 2.09B | 951.00M | 913.00M | 1.29B | 235.00M | 676.00M |
| Long-term debt | 2.29B | 2.34B | 2.34B | 2.33B | 2.34B | 1.92B |
| Total liabilities | 18,442,000,000.00 | 16,215,000,000.00 | 16,371,000,000.00 | 16,539,000,000.00 | 16,013,000,000.00 | 15,984,000,000.00 |
| Total equity | 20.82B | 19.81B | 19.67B | 21.06B | 21.27B | 21.29B |
| Retained earnings | 1.73B | 1.61B | 1.48B | 1.86B | 1.78B | 1.55B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 360.00M | 390.00M | 1.76B | 2.63B | 1.47B | 1.32B | 2.49B | 2.07B |
| Depreciation & amortization | 1.46B | 1.66B | 1.13B | 1.10B | 1.14B | 1.09B | 1.01B | 1.12B |
| Free cash flow | -312.00M | -300.00M | 1.28B | 2.07B | 873.00M | 665.00M | 2.02B | 1.47B |
| Dividends paid | -1.08B | -570.00M | -149.00M | -9.00M | -353.00M | -621.00M | -723.00M | -759.00M |
| Stock buybacks / issuance | -- | -- | 0 | 0 | -300.00M | -300.00M | -680.00M | 235.00M |
| Ending cash balance | 6.26B | 5.91B | 6.94B | 6.69B | 5.47B | 6.23B | 6.62B | 5.46B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 890.00M | 209.00M | 597.00M | 375.00M | 783.00M | -620.00M |
| Depreciation & amortization | 264.00M | 285.00M | 286.00M | 284.00M | 209.00M | 211.00M |
| Free cash flow | 721.00M | 88.00M | 429.00M | 227.00M | 629.00M | -749.00M |
| Dividends paid | -161.00M | -215.00M | -216.00M | -165.00M | -168.00M | -224.00M |
| Stock buybacks / issuance | -546.00M | -78.00M | 0 | 859.00M | -9.00M | 0 |
| Ending cash balance | 5.54B | 4.80B | 4.89B | 5.46B | 4.95B | 4.35B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -2.16 | 0.05 | -18.11 | 10.88 | 21.97 | 3.18 | 6.20 | 3.13 |
| ROA %i | -0.84 | 0.02 | -6.68 | 4.26 | 10.24 | 1.61 | 3.23 | 1.70 |
| ROIC %i | -0.90 | 0.98 | -12.00 | 8.27 | 17.20 | 2.38 | 4.51 | 2.19 |
| 5-year avg ROE %i | 11.27 | 2.09 | -6.70 | -3.52 | 2.52 | 3.58 | 4.81 | 9.07 |
| EBIT margin %i | -0.35 | 1.99 | 4.48 | 9.60 | 9.66 | 8.34 | 12.58 | 5.70 |
| FCF / sales %i | -- | -- | 5.86 | 9.30 | 3.50 | 2.99 | 10.52 | 7.37 |
| Current ratioi | 1.30 | 1.39 | 1.55 | 1.62 | 1.59 | 1.66 | 1.58 | 1.58 |
| Quick ratioi | 1.00 | 1.08 | 1.29 | 1.35 | 1.30 | 1.39 | 1.37 | 1.34 |
| Debt / assetsi | 9.67 | 13.56 | 17.92 | 14.14 | 12.85 | 13.02 | 12.13 | 11.74 |
| LT debt / equityi | 18.50 | 31.03 | 46.02 | 30.88 | 23.94 | 21.60 | 17.34 | 14.91 |
| Interest coveragei | -0.28 | 1.51 | 4.16 | 10.35 | 10.84 | 5.19 | 7.39 | 5.18 |
| Revenue CAGR (3Y) %i | 21.56 | -0.46 | -1.90 | -0.54 | 0.63 | -1.10 | -4.69 | -5.76 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | 746.77 | -- | -7.68 | -46.49 |
| FCF CAGR (3Y) %i | -- | -- | 1.89 | -- | -- | -19.61 | -0.72 | 18.83 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 3.75 | 5.02 | 4.74 | 3.13 | 3.80 | 3.46 |
| ROA %i | 1.99 | 2.72 | 2.58 | 1.70 | 2.08 | 1.93 |
| ROIC %i | 3.03 | 4.13 | 3.93 | 2.19 | 3.16 | 2.93 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 10.25 | 8.38 | 8.38 | 5.70 | 6.09 | 4.99 |
| FCF / sales %i | 9.32 | 7.70 | 6.52 | 7.37 | 6.87 | 2.62 |
| Current ratioi | 1.36 | 1.46 | 1.48 | 1.58 | 1.57 | 1.51 |
| Quick ratioi | 1.15 | 1.21 | 1.23 | 1.34 | 1.32 | 1.22 |
| Debt / assetsi | 12.90 | 11.38 | 11.28 | 11.74 | 8.92 | 9.01 |
| LT debt / equityi | 14.35 | 15.97 | 16.10 | 14.91 | 14.59 | 12.66 |
| Interest coveragei | -- | -- | -- | 5.18 | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Mobile infrastructure is the largest reported line at 55.67% of revenue, across 4 reported segments.
- Network Infrastructure follows at 42.31%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Mobile infrastructure55.67%
Network Infrastructure42.31%
Portfolio Businesses1.95%
Quote time 2026-10-08 07:00:18 · For reference only, not investment advice and not tailored to your situation.