Nokia Oyj

Nokia Oyj

NOK
Nokia OyjUS flagNew York Stock Exchange
10.04
USD
+0.28
- -
54.22BMarket Cap
Nokia Oyj
NOK
(New York Stock Exchange)

Recent

price

10.04

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
11.44
4.3
4.15
3.18
3.18
3.42
4.12
4.1
4.04
4.16
3.89
3.94
4.23
3.81
3.51
3.67
3.67
Revenue per Share
0.5
-0.31
-0.84
-0.17
0.94
0.67
-0.13
-0.26
-0.06
- -
-0.45
0.29
0.76
0.12
0.23
0.12
0.13
Basic EPS, GAAP
1.29
0.31
-0.22
-0.09
0.26
0.05
-0.34
0.21
-0.06
-0.05
0.23
0.37
0.16
0.12
0.37
0.27
0.1
Free Cash Flow per Basic Share
0.41
0.41
0.2
0.02
0.38
0.14
0.26
0.17
0.19
0.1
0.03
- -
0.06
0.11
0.13
0.14
0.14
Dividend per Share
3.84
3.17
2.12
1.73
2.3
2.63
3.51
2.89
2.73
2.73
2.22
3.08
3.82
3.72
3.84
3.76
3.8
Book Value per Share
1.79
1.5
0.64
0.77
1.52
2.49
1.6
1.24
1.16
1.31
0.97
1.83
2.58
2.52
2.63
2.43
2.46
Tangible Book Value per Share
3,709
3,710
3,711
3,712
3,699
3,671
5,732
5,652
5,588
5,600
5,612
5,630
5,614
5,549
5,476
5,416
5,523
Basic Weighted Avg Shares
42,446
15,968
15,400
11,795
11,762
12,560
23,641
23,147
22,563
23,315
21,852
22,202
23,761
21,138
19,220
19,889
20,265
Sales/Revenue/Turnover
4.88
-0.19
2.75
10.19
13.13
14.54
-0.63
2.73
-0.43
2.17
4.65
7.97
10.29
6.95
8.27
3.93
3.4
Operating Margin (%)
1,771
1,562
1,326
728
297
320
1,594
1,591
1,455
1,660
1,132
1,095
1,140
1,087
1,014
1,119
990
Depreciation Expense
1,850
-1,163
-3,105
-615
3,462
2,466
-766
-1,494
-335
7
-2,523
1,623
4,250
665
1,277
651
708
Net Income, GAAP
24.8
- -
- -
67.92
- -
22.47
- -
- -
- -
88.46
438.22
14.12
- -
55.82
18.17
30.27
32.75
Effective Tax Rate (%)
4.36
-7.28
-20.16
-5.21
29.43
19.63
-3.24
-6.45
-1.48
0.03
-11.55
7.31
17.89
3.15
6.64
3.27
3.49
Profit Margin (%)
9,605
8,011
7,005
4,965
6,436
9,433
8,114
7,120
4,167
4,753
6,454
7,496
7,492
7,233
6,593
5,788
4,952
Working Capital
4,242
3,969
5,087
3,286
2,576
2,023
3,657
3,457
2,828
4,756
5,736
5,361
5,107
4,436
3,582
3,126
2,683
LT Debt
16,231
13,916
9,239
6,660
8,669
10,524
20,975
16,218
15,371
15,401
12,545
17,462
21,426
20,628
20,747
21,058
21,292
Total Equity
7.57
- -
- -
2.61
- -
11.25
- -
- -
- -
0.29
-17.03
7.08
- -
2.41
4.97
2.09
1.89
Return on Invested Capital (%)
12.36
- -
- -
-2.76
- -
21.53
- -
- -
- -
0.2
-16.89
8.44
- -
3.06
5.99
3.12
2.88
Return on Capital (%)
13.47
-8.86
-31.35
-8.54
45.92
25.8
-5.01
-8.25
-2.13
0.05
-18.16
10.88
21.97
3.18
6.2
3.13
3.46
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,287
235
676
LT Borrowings
2,329
2,338
1,922
LT Finance Leases
797
752
761
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,583
5,583
5,583
Market Capitalization
30,750
38,849
64,891

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
15,792
15,014
14,757
Cash, Cash Equivalents & STI
6,763
6,123
5,130
Accounts Receivable, Net
4,975
4,562
4,432
Inventories
2,209
2,381
2,743
Total Current Liabilities
10,004
9,582
9,805
Payables & Accruals
5,388
3,510
3,812
ST Debt
1,287
235
676
Deferred Revenue
1,562
1,732
1,720

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.33%
12.05%
1.5%
Free Cash Flow
-178.45%
31.24%
-27.51%
Net Income, GAAP
-3,640.24%
-8.76%
-49.02%
Sales/Revenue/Turnover
7.27%
-1.6%
3.48%
Total Cash Common Dividend
387.58%
765.12%
4.98%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,444
4,466
4,326
5,984
19,220
2025
4,390
4,443
4,828
6,125
19,889
2026
4,497
4,815
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
-0.03
0.03
0.15
0.23
2025
-0.01
0.02
0.01
0.1
0.12
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.04
- -
- -
0.13
2025
0.03
0.04
0.04
0.03
0.14
2026
0.03
0.04
- -
- -
- -
Business
Nokia Oyj provides network infrastructure, technology, and software services to communications service providers, enterprises, governments, webscale companies, and digital industries worldwide. Nokia operates through segments including Network Infrastructure, comprising mobile networks with 5G, 4G, and 3G radio access networks (RAN), fixed networks, IP and optical networks, submarine networks, and microwave radio; Cloud and Network Services, offering cloud core software, network management, automation, and cognitive services; Nokia Technologies, focusing on technology licensing, research in imaging, sensing, wireless connectivity, and advanced materials; and enterprise solutions such as private wireless networks and industrial IoT. The company maintains headquarters in Espoo, Finland, with origins dating to 1865, and conducts operations in over 130 countries. Recent developments include the completion of the Infinera Corporation acquisition in early 2025, enhancing its optical networks capabilities and securing design wins with hyperscalers; a strategic partnership with NVIDIA announced in October 2025 to develop AI-powered AI-RAN products for 5G-Advanced and 6G networks, accompanied by a $1 billion investment from NVIDIA; a $4 billion commitment to expand U.S. research, development, and manufacturing in states including Texas, New Jersey, and Pennsylvania to support AI-driven network technologies; a new five-year radio access network deal with Telefónica Germany in November 2025 incorporating Cloud RAN and AI solutions; and an evolution of its operating model announced in November 2025, shifting certain units like Fixed Wireless Access CPE and Microwave Radio to Portfolio Businesses with future directions planned for 2026.

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