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) Operating margin
Nokia Corporation's operating margin over the twelve months to 30 September 2026 was 3.86%, down 0.6 percentage points from fiscal 2025 (4.45%). Over the past ten years it has ranged from −4.66% (fiscal 2016) to 13.5% (fiscal 2015); the current reading is higher than 55% of that period. That is above the Communication Equipment industry median of 2.43% and above the Technology sector median of 0.02%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 4.45% | (5.95) |
| FY2024 | 10.4% | 2.82 |
| FY2023 | 7.58% | (1.73) |
| FY2022 | 9.31% | (0.41) |
| FY2021 | 9.72% | 5.67 |
| FY2020 | 4.05% | 1.97 |
| FY2019 | 2.08% | 2.34 |
| FY2018 | −0.26% | (0.33) |
| FY2017 | 0.07% | 4.73 |
| FY2016 | −4.66% | (18.17) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 3.78% | 4.82 |
| Jun 2026 | −1.04% | (2.44) |
| Mar 2026 | 1.40% | (8.24) |
| Dec 2025 | 9.64% | 4.69 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| UI Ubiquiti Inc. compare | 36.2% |
| MSI Motorola Solutions, Inc. compare | 24.2% |
| LITE Lumentum Holdings Inc. compare | 23.5% |
| ZBRA Zebra Technologies Corporation compare | 14.9% |
| CIEN Ciena Corporation compare | 12.3% |
| ERIC Ericsson compare | 11.6% |
| HPE Hewlett Packard Enterprise Company compare | 6.21% |
| NOK Nokia Corporation | 3.86% |
| ASTS AST SpaceMobile, Inc. compare | −519.5% |
| Communication Equipment industry median | 2.43% |
| Technology sector median | 0.02% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on NOK
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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