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, agentic AI platform, 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.
- Ticker
- NOK
- Exchange
- NYSE
- Sector
- Technology
- Industry
- Communication Equipment
- 52-week range
- $5.86 - $17.45
Valuation
- Share price
- $7.66 (close of Nov 6, 2026)
- P/E (TTM)
- 45.48x
- Price to book
- 1.80x
- Price to free cash flow
- 4810.36x
Price performance
| Period | Change |
|---|---|
| 1 day | +2.68% |
| 5 days | -10.51% |
| 1 month | -30.17% |
| 3 months | -18.77% |
| 6 months | -41.93% |
| Year to date | +18.39% |
| 1 year | +10.85% |
| 3 years | +123.32% |
| 5 years | +32.76% |
| 10 years | +77.73% |
| All time | +481.89% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 1.40%
- Shares short
- 78.33M
- Days to cover
- 1.08
- Change since prior report
- -9.44%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed NOK trades
Laurel Lee · Lisa McClain · Alan Armstrong
Super investors holding NOK
Ken Griffin (Citadel) · Richard Pzena (Pzena Investment Management)
Profitability and growth
- Return on equity
- 3.09%
- Return on invested capital
- 2.39%
- 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)
- 0.02%
- Current ratio
- 1.46x
- Net debt to EBITDA
- -0.35x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Shares outstanding
- 5.42B
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 43.54% | 3.27% | 3.09% | 2.39% |
| 2024-12-31 | 46.12% | 6.64% | 6.16% | 6.24% |
| 2023-12-31 | 40.43% | 3.15% | 3.22% | 3.54% |
| 2022-12-31 | 42.51% | 17.89% | 19.84% | 8.53% |
| 2021-12-31 | 39.79% | 7.31% | 9.29% | 8.20% |
| 2020-12-31 | 37.49% | -11.55% | -20.11% | 2.40% |
| 2019-12-31 | 35.44% | 0.03% | 0.05% | 1.70% |
| 2018-12-31 | 36.84% | -1.51% | -2.21% | -0.32% |
| 2017-12-31 | 39.48% | -6.45% | -9.24% | 0.04% |
| 2016-12-31 | 36.06% | -3.24% | -3.65% | -2.61% |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-10-22 | Sep 2026 | - |
| 2026-07-23 | Jun 2026 | - |
| 2026-04-23 | Mar 2026 | - |
| 2026-01-29 | Dec 2025 | - |
| 2025-10-23 | Sep 2025 | - |
| 2025-07-24 | Jun 2025 | - |
| 2025-04-24 | Mar 2025 | - |
| 2025-01-30 | Dec 2024 | - |
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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Understanding these figures
Price-to-earnings ratio · Short interest · 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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