Nokia Corporation (NOK)

10.21 -3.59% (-0.38)

Over 3Y: +196.1%

2026-08-28
Style
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5 10 15
2023 2024 2025 2026

Financials Annual

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
2021 — Revenue: 22.2B 2021 — Free Cash Flow: 2.1B 2021 — Net Income: 1.6B 2022 — Revenue: 23.8B 2022 — Free Cash Flow: 873M 2022 — Net Income: 4.3B 2023 — Revenue: 21.1B 2023 — Free Cash Flow: 665M 2023 — Net Income: 679M 2024 — Revenue: 19.2B 2024 — Free Cash Flow: 2B 2024 — Net Income: 1.3B 2025 — Revenue: 19.9B 2025 — Free Cash Flow: 1.5B 2025 — Net Income: 660M 0 5B 10B 15B 20B 25B
2021 2022 2023 2024 2025
Revenue Free Cash Flow Net Income

Figures as at 2025-12-31, reported in EUR. The newest fact in the filings is dated 2025-12-31, 242 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

3.4
OE margin 5.7%
ROIC 3.8%
Accruals -3.8%
OCF / EBIT 2.3×
Gross margin 43.5%
FCF margin 7.4%
OCF margin 10.4%
ROA 1.8%
ROCE 3.2%
ROE 3.1%

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

0.5
RPO / sales —
RPO growth —
Segment HHI —

0 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

4.8
ND/EBITDA —
Cash / Debt 1.7×
Debt / Eq 0.16×
Debt payback 0.0 yr
Quick ratio 1.4×
Payout 115.0%
Cash runway —
F-score —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

1.6
Sales/sh Y/Y +4.0%
EPS CAGR 4Y -19.8%
EPS Y/Y -48.3%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS next Y —
Sales CAGR 4Y —
Sales Q/Q —

1 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.