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Nokia Oyj

Nokia Oyj

NOKIA-SEK.ST
Nokia OyjSE flagStockholm Stock Exchange
128.95
SEK
-1.80
- -
719.87BMarket Cap
Nokia Oyj
NOKIA-SEK.ST
(Stockholm Stock Exchange)

Recent

price

128.95

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
3.64
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
0.14
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
0.25
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
2.83
2.18
1.14
0.76
1.34
1.78
0.67
0.25
-0.15
-0.24
-0.69
-0.41
0.29
0.3
0.4
0.39
0.37
Book Value per Share
2.31
2.07
1
0.83
1.56
2.71
1.75
1.24
1.18
1.33
0.98
1.85
2.58
2.53
2.59
2.52
2.51
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
5,490
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
19,996
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
4.1
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
1,064
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
796
Net Income, GAAP
24.8
- -
- -
67.92
- -
22.47
- -
- -
- -
88.46
438.22
14.12
- -
55.82
18.17
30.27
30.68
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
3.98
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
5,432
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
3,090
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
21,273
Total Equity
7.57
- -
- -
2.61
- -
11.25
- -
- -
- -
0.29
-17.03
7.08
- -
2.41
4.97
2.09
2.22
Return on Invested Capital (%)
14.81
- -
- -
-3.73
- -
31.59
- -
- -
- -
1.1
-100.38
57.89
- -
11.4
22
11.64
12.49
Return on Capital (%)
17.93
-12.52
-50.39
-17.4
88.96
42.96
-14.79
-57.16
- -
- -
- -
- -
- -
40.66
66.3
30.24
39.82
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
913
1,287
235
LT Borrowings
2,343
2,329
2,338
LT Finance Leases
809
797
752
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,413
5,583
5,583
Market Capitalization
21,886
30,149
37,226

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
14,374
15,792
15,014
Cash, Cash Equivalents & STI
6,065
6,763
6,123
Accounts Receivable, Net
3,990
4,975
4,562
Inventories
2,380
2,209
2,381
Total Current Liabilities
9,724
10,004
9,582
Payables & Accruals
3,242
5,388
3,510
ST Debt
913
1,287
235
Deferred Revenue
1,589
1,562
1,732

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
4,546
4,828
6,125
19,889
2026
4,497
- -
- -
- -
- -

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
- -
0.1
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
- -
0.03
0.14
2026
0.03
- -
- -
- -
- -
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Business
Nokia Oyj provides network infrastructure, technology, and software services to communications service providers, enterprises, governments, webscales, hyperscalers, and defense sectors worldwide. Founded in 1865 and headquartered in Espoo, Finland, the company operates in over 130 countries through segments including Network Infrastructure, with mobile networks offering radio access network technologies for 5G, 4G, and legacy systems as well as microwave radio links; fixed networks encompassing fiber, copper access, in-home Wi-Fi, and cloud virtualization; IP networks delivering routing and data center solutions; optical networks for metro, regional, long-haul, and submarine transport; Cloud and Network Services providing 5G core, secure autonomous networks, private wireless, industrial edge, and network APIs; and Nokia Technologies licensing patents, technologies, and the Nokia brand. Nokia serves mobile operators with RAN and transport solutions; fixed and cloud operators with access and core infrastructure; enterprises with private wireless and edge computing; and data centers with high-performance IP and optical connectivity optimized for AI workloads. In recent developments, Nokia announced a new strategy and operating model evolution in November 2025, reorganizing into two primary segments—Network Infrastructure (Optical, IP, Fixed Networks) and Mobile Infrastructure—effective January 2026 to accelerate AI/cloud growth, lead in AI-native 6G networks, and target EUR 2.7-3.2 billion comparable operating profit by 2028; progressed toward acquiring Infinera in Q1 2025 to bolster open optical networking; initiated a EUR 900 million share buyback of 150 million shares starting November 2024 to offset dilution from the Infinera deal; exercised a call option to acquire full ownership of Nokia Shanghai Bell from China Huaxin; and formed new Technology and AI Organization plus Corporate Development Organization teams in September 2025.