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) Gross margin
Nokia Corporation's gross margin over the twelve months to 30 September 2026 was 44.0%, up 0.4 percentage points from fiscal 2025 (43.5%). Over the past ten years it has ranged from 35.7% (fiscal 2019) to 46.1% (fiscal 2024); the current reading is higher than 82% of that period. That is above the Communication Equipment industry median of 39.3% and below the Technology sector median of 46.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 43.5% | (2.58) |
| FY2024 | 46.1% | 7.09 |
| FY2023 | 39.0% | (2.00) |
| FY2022 | 41.0% | 1.24 |
| FY2021 | 39.8% | 2.30 |
| FY2020 | 37.5% | 1.78 |
| FY2019 | 35.7% | (1.72) |
| FY2018 | 37.4% | (2.05) |
| FY2017 | 39.5% | 3.67 |
| FY2016 | 35.8% | (7.82) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 42.2% | (2.37) |
| Jun 2026 | 44.6% | 0.36 |
| Mar 2026 | 44.2% | (0.62) |
| Dec 2025 | 44.8% | 1.13 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| MSI Motorola Solutions, Inc. compare | 52.2% |
| ZBRA Zebra Technologies Corporation compare | 48.9% |
| ERIC Ericsson compare | 46.9% |
| UI Ubiquiti Inc. compare | 46.2% |
| LITE Lumentum Holdings Inc. compare | 45.9% |
| CIEN Ciena Corporation compare | 44.1% |
| NOK Nokia Corporation | 44.0% |
| ASTS AST SpaceMobile, Inc. compare | 38.9% |
| HPE Hewlett Packard Enterprise Company compare | 36.7% |
| Communication Equipment industry median | 39.3% |
| Technology sector median | 46.9% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on NOK
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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