Nokia Corp (NOK)

Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, Asia Pacific, Europe, the Middle East, and Africa. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company offers fixed network solutions, such as fiber and copper technologies, access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP network solutions, which delivers IP edge routing and data center networking solutions for residential, mobile, enterprise, and cloud applications; and optical networks solutions, which provides optical transport networks for metro, regional, and long-haul applications. It also provides mobile technology products and services for radio access networks and microwave radio links for transport networks; and network management solutions, as well as network planning, optimization, network deployment, and technical support services. In addition, the company offers cloud and network services, including open, secure, automated, and scalable software and solutions; and 5G core, secure autonomous networks, private wireless and industrial edge, and network APIs. Further, it licenses intellectual property, including patents, technologies, and the Nokia brand. The company serves its products and services to defense communications energy and resources, enterprise and industrial campus, private networks, public sector, and transportation industries. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.

Symbol
NOK
Exchange
NYSE
Sector
Technology
Industry
Communication Equipment
52 week range
4.63 - 17.45

Valuation

Share price
$10.63 (close of 2026-09-23)
P/E (TTM)
78.95x
Price to book
2.58x
Price to free cash flow
37.13x

Price performance

PeriodChange
1 day-1.76%
5 days+4.83%
1 month+4.11%
3 months-22.41%
6 months+31.89%
Year to date+64.30%
1 year+119.18%
3 years+173.26%
5 years+90.50%
10 years+87.81%
All time+705.30%

Profitability and growth

Return on equity
3.09%
Return on invested capital
3.04%
Return on assets
1.73%
Return on capital employed
3.21%
Gross margin
43.54%
Net margin
3.27%
EBITDA margin
10.08%
Revenue growth
3.48%
Net income growth
-49.02%
Free cash flow growth
-27.51%

Cash flow and balance sheet

Free cash flow yield (TTM)
2.69%
Current ratio
1.58x
Net debt to EBITDA
-0.47x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Shares outstanding
5.42B

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3143.54%3.27%3.09%3.04%
2024-12-3146.12%6.64%6.16%8.42%
2023-12-3140.43%3.15%3.22%4.66%
2022-12-3142.51%17.89%19.84%10.70%
2021-12-3139.79%7.31%9.29%11.56%
2020-12-3137.49%-11.55%-20.11%3.84%
2019-12-3135.44%0.03%0.05%2.39%
2018-12-3136.84%-1.51%-2.21%-0.48%
2017-12-3139.48%-6.45%-9.24%0.07%
2016-12-3136.06%-3.24%-3.65%-3.75%

Investor relations

Next earnings report

Next confirmed report
2026-10-22

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-23Jun/2026-
2026-04-23--
2026-01-29--
2025-10-23--
2025-07-24--
2025-04-24--
2025-01-30--
2024-10-17--

Filings and sources

Company website
nokia.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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