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) Return on invested capital
Nokia Corporation's return on invested capital over the twelve months to 30 September 2026 was 2.67%, down 0.4 percentage points from fiscal 2025 (3.12%). Over the past ten years it has ranged from −4.47% (fiscal 2016) to 39.9% (fiscal 2015); the current reading is higher than 45% of that period. That is above the Communication Equipment industry median of 1.29% and above the Technology sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 3.12% | (4.83) |
| FY2024 | 7.95% | 1.59 |
| FY2023 | 6.36% | (2.29) |
| FY2022 | 8.65% | (2.13) |
| FY2021 | 10.8% | 5.16 |
| FY2020 | 5.62% | 3.38 |
| FY2019 | 2.24% | 2.55 |
| FY2018 | −0.31% | (0.40) |
| FY2017 | 0.09% | 4.56 |
| FY2016 | −4.47% | (44.40) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| UI Ubiquiti Inc. compare | 89.4% |
| ERIC Ericsson compare | 19.1% |
| MSI Motorola Solutions, Inc. compare | 16.4% |
| LITE Lumentum Holdings Inc. compare | 13.7% |
| CIEN Ciena Corporation compare | 12.6% |
| ZBRA Zebra Technologies Corporation compare | 9.57% |
| HPE Hewlett Packard Enterprise Company compare | 4.31% |
| NOK Nokia Corporation | 2.67% |
| ASTS AST SpaceMobile, Inc. compare | −12.2% |
| Communication Equipment industry median | 1.29% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on NOK
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- 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
- 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