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Nokia Oyj

Nokia Oyj

NOKIA.HE
Nokia OyjFI flagNASDAQ Helsinki
14.81
EUR
+0.35
- -
82.65BMarket Cap
Nokia Oyj
NOKIA.HE
(NASDAQ Helsinki)

Recent

price

14.81

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
21,981
30,192
37,335

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 platforms, and professional services to communication service providers, enterprises, governments, and webscale customers worldwide. Founded in 1865 and headquartered in Espoo, Finland, the company operates through segments including Mobile Networks, offering radio access network technologies for 4G, 5G Advanced, and 6G; Network Infrastructure, encompassing IP routing, optical transport, fixed access, submarine networks, and data center solutions; Cloud and Network Services, delivering cloud-native software for network management, automation, cognitive services, and analytics; and Nokia Technologies, focusing on technology licensing, research in imaging, sensing, wireless connectivity, power management, and advanced materials. Nokia Technologies also develops consumer products and licenses the Nokia brand, while the company supports private wireless networks, industrial edge computing, and defense communications across more than 130 countries with approximately 92,000 employees. Nokia Oyj recently completed the acquisition of Infinera Corporation on February 28, 2025, for approximately $2.3 billion, creating an optical networks powerhouse to accelerate innovation in AI-driven data center connectivity and expanding its webscale customer base in North America; this deal integrates Infinera's cutting-edge optical technologies with Nokia Bell Labs research, targeting €200 million in synergies. In November 2025, Nokia committed $4 billion to U.S. manufacturing and R&D investments in AI-ready technologies across mobile, fixed access, IP, optical, and data center networking, including facilities in Texas, New Jersey, Pennsylvania, and Wisconsin, building on Infinera's prior CHIPS Act-supported semiconductor and packaging sites. The company announced a strategic reorganization effective January 1, 2026, into two core operating segments—Network Infrastructure and Mobile Infrastructure—to align with AI demands, alongside partnerships like its October 2025 collaboration with Nvidia for AI-powered 5G/6G radio access networks and Nvidia's $1 billion investment, plus a €250 million loan from the Nordic Investment Bank for 5G/6G R&D in Finland; Nokia also divested Alcatel Submarine Networks in January 2025 and continues a €900 million share buyback program through December 2025.