Friday 6 November 2026
Export NOK’s income statement to Excel — free account
Nokia Corporation
NOK Technology Communication Equipment
Nokia Corporation’s revenue for fiscal 2025 (year ended December 2025) was $22.5 billion, up 8.20% from fiscal 2024.
- Revenue
- +5.12%
- EPS
- +73.4%
- Free cash flow
- −112.3%
- Total debt
- −21.4%
Quarter to September 2026, against a year earlier
7.66
0.20
+2.68%
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| Older periods | Dec '25 | Mar '26 | Jun '26 | Sep '26 | |
|---|---|---|---|---|---|
P/E ratio |
+8 more quarters Free account |
47.12 | 48.06 | 90.16 | 63.38 |
P/S ratio |
1.56 | 1.94 | 3.15 | 2.29 | |
P/FCF ratio |
20.74 | 27.06 | 120.58 | 5,288.70 | |
P/Operating CF |
97.15 | 49.04 | (102.10) | 526.60 | |
P/B ratio |
1.47 | 1.81 | 3.00 | 2.23 | |
Price to Tangible BV |
2.27 | 2.78 | 4.62 | 3.42 | |
EV/Sales |
1.39 | 1.75 | 3.02 | 2.17 | |
EV/EBITDA |
13.78 | 17.20 | 33.76 | 26.83 | |
EV/Operating CF |
13.34 | 17.47 | 55.43 | 79.34 | |
EV/FCF |
18.50 | 24.42 | 115.43 | 5,003.37 | |
Quick Ratio |
1.25 | 1.20 | 1.09 | 1.06 | |
Current Ratio |
1.58 | 1.57 | 1.51 | 1.47 | |
Net Debt/EBITDA |
(3.90) | (13.77) | (17.10) | (6.49) | |
Debt/Assets |
9.08% | 6.38% | 6.44% | 6.47% | |
Debt/Equity |
0.16 | 0.11 | 0.11 | 0.11 | |
Asset Turnover |
0.53 | 0.54 | 0.56 | 0.56 | |
Operating CF/Net income |
0.60 | 9.10 | (313.09) | 0.59 | |
Capex/Depreciation |
(0.49) | (0.74) | (0.61) | (0.74) | |
Interest Coverage |
2.35 | (0.53) | — | — | |
Research and Development Expense of Revenue |
22.57% | 27.55% | 28.72% | 24.27% | |
Selling, General and Administrative Expense of Revenue |
14.32% | 14.77% | 16.97% | 14.22% | |
Intangible Assets out of Total Assets |
0.20 | 0.20 | 0.20 | 0.20 | |
Share Based Compensation of Revenue |
5.39% | 0.00% | 4.47% | 1.98% | |
Graham Net Nets |
(0.02) | (0.03) | (0.02) | (0.03) | |
Graham Number |
3.69 | 4.09 | 3.83 | 4.05 | |
Earnings Yield |
2.12% | 2.08% | 1.11% | 1.58% | |
Free Cash Flow Yield |
4.82% | 3.69% | 0.83% | 0.02% | |
Revenue per Share |
1.31 | 0.94 | 1.00 | 1.10 | |
Operating CF per Share |
0.07 | 0.16 | (0.13) | 0.02 | |
Capex per Share |
(0.03) | (0.03) | (0.03) | (0.03) | |
Free Cash Flow per Share |
0.04 | 0.13 | (0.16) | (0.01) | |
Cash per Share |
1.41 | 1.28 | 1.07 | 1.07 | |
Shareholders Equity per Share |
4.40 | 4.45 | 4.42 | 4.55 | |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | |
Book value per Share |
4.40 | 4.45 | 4.42 | 4.55 | |
Free Cash Flow |
217.54 | 736.18 | (876.87) | (66.49) | |
Working Capital |
6,548.54 | 6,355.27 | 5,739.09 | 5,505.23 | |
Capital Expenditures |
(143.14) | (180.24) | (148.80) | (170.49) | |
Net Current Asset Value |
(845.15) | (1,170.41) | (1,481.28) | (1,569.97) | |
EV/EBIT |
31.21 | 36.03 | 72.86 | 56.21 | |
Capex to Sales |
0.02 | 0.03 | 0.03 | 0.03 | |
Price to Operating Income |
35.00 | 39.93 | 76.11 | 59.42 | |
| Other line items | |||||
Average Receivables |
6,512.28 | 6,100.63 | 5,836.50 | 6,207.81 | |
Average Payables |
3,423.05 | 3,444.41 | 3,732.00 | 3,815.92 | |
Average Inventory |
2,419.92 | 2,751.85 | 3,001.72 | 3,048.43 | |
Average Assets |
42,450.19 | 42,500.50 | 42,119.89 | 42,750.76 | |
Average Common Equity |
23,137.68 | 23,415.37 | 23,623.39 | 23,775.59 |
Columns are period end dates · fundamentals updated 2 Nov 2026