stockrowNokia 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
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Nokia Corporation (NOK) Free cash flow
Nokia Corporation's free cash flow for fiscal 2025 was $1.7B, down 26.3% from $2.3B in fiscal 2024. Over the twelve months to 30 September 2026 it was $10.4M. Over the past ten years it has ranged from −$2.1B (fiscal 2016) to $2.6B (fiscal 2021); the current reading is higher than 82% of that period. Nokia Corporation ranks 20th of 46 Communication Equipment companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $1.7B | (26.30%) |
| FY2024 | $2.3B | 147.96% |
| FY2023 | $924.3M | (3.17%) |
| FY2022 | $954.6M | (62.78%) |
| FY2021 | $2.6B | 73.66% |
| FY2020 | $1.5B | — |
| FY2019 | −$292.3M | — |
| FY2018 | −$264.5M | — |
| FY2017 | $1.4B | — |
| FY2016 | −$2.1B | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Sep 2026 | −$66.5M | — |
| Jun 2026 | −$876.9M | — |
| Mar 2026 | $736.2M | 238.42% |
| Dec 2025 | $217.5M | (59.69%) |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| HPE Hewlett Packard Enterprise Company compare | $4.6B |
| ERIC Ericsson compare | $2.9B |
| MSI Motorola Solutions, Inc. compare | $2.8B |
| ZBRA Zebra Technologies Corporation compare | $988.0M |
| UI Ubiquiti Inc. compare | $908.9M |
| CIEN Ciena Corporation compare | $814.4M |
| LITE Lumentum Holdings Inc. compare | $404.3M |
| NOK Nokia Corporation | $10.4M |
| ASTS AST SpaceMobile, Inc. compare | −$1.7B |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on NOK
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement