Nokia Oyj logo NOK - Nokia Oyj

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 32
HOLD 15
SELL 5
STRONG
SELL
0
| PRICE TARGET: $14.00 DETAILS
HIGH: $15.00
LOW: $13.00
MEDIAN: $14.00
CONSENSUS: $14.00
DOWNSIDE: 9.50%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue
Revenue 19,889 19,220 21,138 23,761 22,202 21,852 23,315 22,563 23,147 23,641 12,499 12,732 12,709 30,176 38,659 42,446 40,984 50,830.5 51,138.5 41,120.6 34,165.0 29,245.3 29,403.7 30,043.3 31,245.8 30,460.1 19,830.1 13,261.4 8,820.0 6,786.1 6,551.2
Cost of Revenue 11,230 10,356 12,592 13,660 13,368 13,659 15,051 14,251 14,008 15,117 7,045 7,094 7,364 21,786 27,340 29,629 27,720 33,415.7 33,807.2 27,742.1 22,191.8 18,119.6 17,206.6 18,294.2 19,821.3 19,124.9 12,262.4 8,258.9 5,699.1 4,837.7 4,541.6
Gross Profit 8,659 8,864 8,546 10,101 8,834 8,193 8,264 8,312 9,139 8,524 5,454 5,638 5,345 8,390 11,319 12,817 13,264 17,414.7 17,331.2 13,378.5 11,973.2 11,125.7 12,197.1 11,749.2 11,424.5 11,335.2 7,567.7 5,002.6 3,120.9 1,948.4 2,009.7
Operating Expenses
R&D Expenses 4,855 4,512 4,277 4,503 4,214 4,087 4,532 4,777 4,916 4,997 2,126 2,493 2,619 4,782 5,612 5,863 5,909 5,982.3 5,655.7 3,896.8 3,822.2 3,730.4 3,753.4 3,055.2 2,990.7 2,591.6 1,760.0 1,144.3 764.5 606.6 0
SG&A Expenses 3,073 2,872 2,863 2,956 2,792 2,898 3,219 3,549 3,615 3,767 1,651 1,634 1,671 4,164 4,912 4,992 5,078 5,677.8 5,568.6 3,980.1 3,567.2 2,972.9 3,357.2 3,242.0 3,449.3 2,812.0 1,816.6 1,381.3 939.1 605.8 1,117.7
Other Expenses (51) (110) (64) 198 (330) 323 28 45 592 860 12 132 536 1,747 (3) (181) 0 775.8 (1,890.3) 14.4 (51.5) 95.9 84.2 668.0 1,616.2 139.5 71.6 0 0 0.8 0
Operating Expenses 7,877 7,274 7,076 7,657 6,676 7,308 7,779 8,371 9,123 9,624 3,777 4,259 4,826 10,693 11,302 10,747 11,159 12,435.9 9,334.0 7,891.3 7,337.9 6,799.2 7,194.7 6,965.3 8,056.2 5,543.0 3,648.2 2,525.6 1,703.6 1,213.2 1,117.7
Operating Income
Operating Income 782 1,590 1,470 2,444 2,158 885 485 (59) 16 (1,100) 1,688 170 519 (2,303) (1,073) 2,070 1,197 4,978.1 7,997.2 5,487.9 4,635.3 4,326.5 5,002.4 4,783.9 3,368.4 5,792.2 3,919.5 2,477.0 1,417.3 736.0 892.0
Interest Expense 0 360.2 303.8 270.1 281.3 244 267.5 282 509 345.1 139 391 323 268 102 285 265 2 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 79.7 324.5 237.8 86.2 57.9 68 81.7 76 60 92.9 37 73 135 130 199 138 0 0 239 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 2,253 3,431 2,910 3,529 3,227 2,119 2,128 1,377 1,590 542 2,008 1,689 1,450 414 287 3,831 3,011 6,589 9,474 6,199.4 5,347.0 5,190.3 6,138.6 6,096.1 4,189.9 6,706.8 5,226.3 2,998.8 1,879.1 1,120.8 876.9
EBIT 1,134 2,417 1,823 2,389 2,132 987 468 (78) (1) (1,052) 1,688 1,392 722 (912) (1,275) 2,060 1,227 4,972 8,268 5,487.2 4,635.3 4,322.8 5,002.4 4,783.9 3,368.4 5,792.2 4,559.5 2,491.5 1,416.4 735.2 892.2
Income Before Tax 915 2,091 1,469 2,169 1,926 743 156 (360) (510) (1,369) 1,540 (237) 243 (2,644) (1,198) 1,786 962 4,981.7 8,281.2 5,722.8 4,967.1 4,705.7 5,281.9 4,869.7 3,397.6 5,737.9 3,777.4 2,405.4 1,386.4 746.4 864.3
Income Tax Expense 277 380 820 (2,033) 272 3,256 138 189 927 (457) 346 (1,408) 202 1,145 290 443 702 1,083.3 1,524.7 1,357.0 1,280.0 1,434.0 1,696.0 1,485.7 1,193.6 1,788.8 1,192.5 733.3 380.9 147.8 136.9
Net Income 651 1,277 665 4,250 1,623 (2,523) 7 (335) (1,494) (766) 2,466 3,462 (615) (3,106) (1,164) 1,343 891 3,988 7,205 4,306.0 3,613.6 3,189.7 3,585.8 3,384.0 2,204.0 3,949.1 2,584.8 1,751.4 1,049.1 598.6 397.8
Per Share Data
EPS (Basic) 0.11 0.23 0.12 0.76 0.29 -0.45 0.00 -0.06 -0.26 -0.13 0.67 0.94 -0.17 -0.85 -0.31 0.36 0.24 1.07 1.86 1.06 0.83 0.70 0.75 0.71 0.47 0.85 0.14 0.19 0.03 0.12 0.08
EPS (Diluted) 0.11 0.23 0.12 0.75 0.29 -0.45 0.00 -0.06 -0.26 -0.13 0.62 0.84 -0.17 -0.84 -0.31 0.36 0.24 1.06 1.84 1.05 0.83 0.70 0.75 0.71 0.46 0.82 0.14 0.19 0.03 0.12 0.08
Shares Outstanding 5,415.9 5,463.9 5,549.5 5,614.2 5,630.0 5,612.4 5,599.9 5,540 5,651.8 5,732.4 3,670.9 3,698.7 3,712.1 3,671.4 3,709.9 3,708.8 3,705.1 3,743.6 3,885.4 4,062.8 4,365.5 4,593.2 4,761.1 4,751.1 4,702.9 4,673.2 1,837.5 910.7 4,013.2 4,792.8 4,792.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Current Assets
Cash & Cash Equivalents 5,459.7 6,623 6,234 5,467 6,691 8,491.4 6,634.0 6,261 7,369 7,497 1,142 5,561.4 1,089.6 1,142.6 1,497.1 1,856.7 1,412.9 1,025.6 722.2 2,052.7 286.0 750.0
Short-Term Investments 960.6 2,290 2,006 3,695 2,913 1,371.6 108.9 855 1,213 2,125 8,060 1,275.1 10,699.3 10,948.1 7,862.0 4,278.7 2,782.2 3,145.3 2,154.7 0 1,015.6 0
Net Receivables 6,817.1 6,738 6,941 6,752 6,765 8,407.0 7,662.2 7,025 7,112 7,073 7,995 9,545 4,378.9 5,221.5 5,390.0 6,132.1 7,075.2 4,875.5 3,613.6 2,134.5 1,880.9 1,694.0
Inventory 2,208.1 2,163 2,719 3,265 2,392 2,743.2 3,295.7 3,180 2,646 2,506 1,865 2,539.3 1,304.2 1,167.2 1,277.9 1,791.5 2,269.0 1,776.9 1,285.8 1,226.4 1,108.8 1,776.6
Other Current Assets 339.9 0 79 664 0 285.1 206.5 5 23 44 (8,969) 1,034 593.8 464.5 417.4 1.1 0 0 0 0 0 0
Total Current Assets 15,785.3 17,987 18,166 20,266 19,597 22,287.0 18,867.0 18,261 19,865 20,718 23,613 24,527.7 19,493.9 20,047.7 17,601.4 15,542.6 13,539.2 10,823.4 7,776.3 5,413.6 4,291.3 4,220.5
Non-Current Assets
Property, Plant & Equipment 2,488.9 2,120 2,857 2,944 2,808 3,166.5 3,107.1 1,790 1,853 1,981 1,867 2,094.7 1,532.9 1,563.4 1,875.4 2,518.7 2,739.6 2,037.3 1,324.2 1,046.4 977.0 1,087.3
Goodwill 5,993.4 5,736 5,504 5,667 5,431 6,208.3 6,204.1 5,452 5,248 5,724 5,171 6,271.8 0 0 0 0 0 0 0 0 0 0
Intangible Assets 1,398.4 802 1,086 1,263 1,620 2,389.6 2,726.6 3,353 3,971 5,236 2,905 4,167.1 298.8 370.0 669.0 1,092.4 1,999.6 840.7 481.8 345.5 251.5 281.4
Long-Term Investments 1,896.2 1,763 1,903 1,976 1,326 1,571.0 1,515.4 1,208 1,159 1,410 623 608 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 6,377.3 7,142 6,471 6,993 7,995 6,429.8 5,749.4 4,553 4,347 4,130 52 39.2 703.7 1,155.3 2,470.1 2,478.2 1,263.8 361.7 208.9 191.8 223.4 241.5
Total Non-Current Assets 21,795.7 21,162 21,694 22,677 20,452 24,234.9 26,945.6 21,267 21,160 24,182 12,125 15,148.4 3,158.0 3,830.4 5,746.4 6,923.3 6,405.5 3,497.1 2,209.2 1,583.6 1,451.9 1,610.2
Total Assets 37,581.0 39,149 39,860 42,943 40,049 46,521.8 45,812.6 39,528 41,024 44,900 35,738 39,676.1 22,651.9 23,878.1 23,347.8 22,465.8 19,944.7 14,320.5 9,985.5 6,997.3 5,743.2 5,830.7
Current Liabilities
Account Payables 2,976.7 3,213 3,423 4,730 3,679 3,883.5 4,249.8 4,773 3,996 3,781 4,950 5,225 2,666.7 2,914.1 2,957.1 3,079.5 2,821.6 2,208.2 3,598.2 2,437.3 1,831.1 1,670.6
Short-Term Debt 1,286.5 969 554 228 116 917.7 618.5 994 309 370 1,016 3,591 214.7 470.1 377.4 832.8 2,928.0 795.0 756.3 551.8 682.9 804.2
Deferred Revenue 1,561.3 1,506 2,157 1,977 2,448 3,118.8 3,263.1 2,907 3,577 3,178 8,977 7,039.7 2,604.0 2,463.9 2,613.0 3,483.0 2,868.4 3,386.8 0 0 0 0
Other Current Liabilities 3,831.4 3,210 2,457 2,468 1,997 4,573.6 3,803.0 2,508 2,356 2,804 (6,749) 4,564.0 2,477.9 2,417.8 2,472.0 2,187.1 0 1,355.5 76.7 91.8 58.7 364.8
Total Current Liabilities 9,999.7 11,394 10,933 12,774 12,101 14,390.2 13,531.7 14,115 12,809 12,607 15,188 20,403.0 7,963.3 8,265.9 8,419.5 9,582.5 8,618.0 6,391.1 4,431.3 3,080.9 2,572.7 2,839.6
Non-Current Liabilities
Long-Term Debt 3,124.7 2,918 3,637 4,249 4,537 6,136.1 4,473.2 2,826 3,457 3,657 4,432 861 19.2 0 186.8 206.8 173.6 269.3 255.8 226.4 365.6 377.5
Deferred Tax Liabilities 391.8 562 725 332 282 2,558.4 2,329.2 350 413 403 1,303 1,791.5 178.5 240.6 206.8 177.6 69.2 80.5 87.8 0 0 0
Other Non-Current Liabilities 1,933.2 2,679 2,928 3,184 4,184 5,950.1 5,608.0 7,214 8,540 7,662 9,533 11,603.5 95.2 86.5 67.7 76.4 68.1 57.6 63.1 49.1 51.4 81.4
Total Non-Current Liabilities 6,532.2 7,008 8,299 8,743 10,486 16,782.2 14,993.2 10,042 11,997 11,319 5,801 2,723.9 292.9 327.1 461.2 460.8 310.9 407.5 406.7 275.5 417.0 458.9
Total Liabilities 16,532.0 18,402 19,232 21,517 22,587 31,172.4 28,525.0 24,157 24,806 23,926 20,989 23,127.0 8,256.1 8,593.0 8,880.7 10,043.3 8,928.9 6,798.5 4,838.0 3,356.4 2,989.7 3,298.5
Stockholders' Equity
Common Stock 245.9 246 246 246 246 301.0 276.1 246 246 246 246 246.4 279.6 287.4 286.8 284.3 283.2 280.2 253.2 250.9 0 0
Retained Earnings 1,856.2 1,956 1,404 1,375 (2,537) (5,069.2) (1,810.6) (1,062) 1,147 3,588 10,132 11,719.7 13,754.8 13,928.9 11,672.0 9,552.1 8,664.9 5,817.6 3,915.4 2,322.7 1,427.0 970.0
Accumulated Other Comprehensive Income (1,271.5) 18,152 18,611 19,561 19,549 19,908.4 18,652.6 16,077 15,778 16,702 (127) 3,718.1 (57.5) 7.9 128.7 347.3 348.2 243.5 121.1 214.5 0 0
Total Stockholders' Equity 20,958.1 20,657 20,537 21,333 17,360 15,251.6 17,202.3 15,289 16,138 20,093 13,088 14,241.8 14,227.6 15,121.5 14,293.6 12,225.9 10,838.0 7,399.8 5,084.4 3,608.2 2,748.7 2,457.1
Total Liabilities & Equity 37,581.0 39,149 39,860 42,943 40,049 46,521.8 45,812.6 39,528 41,024 44,900 35,738 39,676.1 22,651.9 23,878.1 23,347.8 22,465.8 19,944.7 14,320.5 9,985.5 6,997.3 5,743.2 5,830.7
Debt Metrics
Total Debt 5,207.8 4,750 5,188 5,519 5,662 7,935.9 5,957.1 3,822 3,766 4,028 5,448 4,462.3 233.8 470.1 564.2 1,039.6 1,292.6 1,064.3 1,012.1 778.2 1,048.5 1,181.7
Net Debt (251.9) (1,873) (1,046) 52 (1,029) (555.5) (676.9) (2,439) (3,603) (3,469) 4,306 (1,099.1) (855.7) (672.5) (933.0) (817.1) (120.3) 38.8 289.9 (1,274.5) 762.5 431.8
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Operating Activities
Net Income 660 1,284 679 4,259 1,645 (2,424) 11 (335) (1,458) (927) 3,613.6 3,204.5 3,585.8 3,384.0 2,204.0 5,792.2 2,584.8 1,672.1 1,049.1 563.2 311.0
Depreciation & Amortization 1,119 1,014 1,087 1,140 1,095 1,132 1,660 1,455 1,591 1,594 711.8 867.5 1,136.3 1,312.2 1,433.0 1,011.5 666.8 507.3 462.7 385.7 0
Stock-Based Compensation 337 241 202 149 108 76 81 68 92 113 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (209) (569) (1,282) (1,843) (268) (744) (1,788) (943) 598 (3,062) (365.6) 299.5 (203.3) 955.8 980.0 (1,381.0) (20.9) (449.4) 147.3 516.6 (952.3)
Other Non-Cash Items (113) 138 (194) (201) (228) 465 286 51 52 1,256 180.7 (31.7) 716.2 166.8 1,941.0 (1,903.8) (119.3) (51.2) 50.9 (29.7) 527.1
Operating Cash Flow 2,071 2,493 1,317 1,474 2,625 1,759 390 360 1,812 (1,455) 4,140.5 4,339.8 5,235.0 5,818.8 6,558.0 3,519.0 3,111.6 1,678.9 1,710.0 1,435.8 (114.3)
Investing Activities
Capital Expenditure (606) (472) (652) (601) (560) (479) (690) (672) (601) (477) (606.2) (547.4) (431.2) (432.6) (1,043.0) (1,584.3) (1,305.8) (833.0) (646.4) (466.8) (587.1)
Acquisitions (1,740) 193 (2) (17) (33) (93) 19 (49) (420) 5,835 (92.0) 5.9 (7.1) (10.5) (131.5) (401.4) (178.9) 0 85.5 0 0
Purchases of Investments (454) (1,204) (1,938) (3,710) (1,922) (1,213) (653) (2,249) (2,833) (4,204) (7,359.9) (10,697.8) (281.9) (99.1) (323.7) (105.4) 0 (51.2) (8.2) 0 0
Sales/Maturities of Investments 1,288 1,208 3,416 2,446 675 245 1,135 2,567 3,796 5,623 9,645.4 11,029.8 380.3 162.0 204.6 71.3 0 15.3 5.5 0 0
Other Investing Activities 116 158 219 2 45 23 (101) 88 67 59 255.0 (119.5) 27.0 (488.9) (1,390.3) (314.1) 140.1 57.1 65.5 (63.5) 419.8
Investing Cash Flow (1,396) (117) 1,043 (1,880) (1,795) (1,517) (290) (315) 9 6,836 1,842.3 (329.0) (312.8) (869.1) (2,683.9) (2,299.8) (1,344.6) (775.9) (498.2) (530.3) (167.3)
Financing Activities
Net Debt Issuance (585) (600) (581) (184) (1,203) 1,032 92 110 43 (2,474) 217.0 (256.7) (69.9) (404.1) (559.7) 47.9 (175.9) 185.9 (164.5) (179.2) 351.7
Stock Repurchased (624) (680) (300) (300) 0 0 0 0 (785) (216) (4,254.5) (2,646.1) (1,353.0) (17.2) (21.4) 0 0 0 0 0 0
Dividends Paid (759) (723) (611) (353) (9) (149) (570) (1,081) (970) (1,514) (1,529.9) (1,411.9) (1,375.3) (1,349.4) (1,398.1) (1,007.2) (598.3) (371.8) (178.2) (155.9) (140.4)
Other Financing Activities (501) 0 (10) 0 0 0 (1) 2 (37) (718) 0 0 0 26.7 3.4 (312.0) 28.8 16.2 (111.8) 0 (102.2)
Financing Cash Flow (1,610) (2,003) (1,502) (837) (1,212) 883 (479) (969) (1,749) (4,922) (5,565.7) (4,314.7) (2,775.1) (1,581.0) (1,898.3) (1,275.6) (593.3) (62.2) (442.7) (335.0) 109.4
Cash Position
Net Change in Cash (1,161) 389 767 (1,224) (249) 1,030 (351) (1,108) (128) 502 600.3 (326.8) 1,966.0 3,205.8 1,934.2 (55.4) 1,171.7 839.9 769.1 570.5 109.4
Cash at Beginning 6,623 6,234 5,467 6,691 6,940 5,910 6,261 7,369 7,497 6,995 2,455.3 2,781.8 9,334.6 6,130.5 4,189.9 4,250.4 2,999.3 2,037.0 1,283.6 732.0 922.1
Cash at End 5,462 6,623 6,234 5,467 6,691 6,940 5,910 6,261 7,369 7,497 3,055.6 2,455.0 11,300.6 9,336.2 6,124.2 4,195.1 4,170.9 2,876.9 2,052.7 1,302.4 1,031.5
Free Cash Flow 1,465 2,021 665 873 2,065 1,280 (300) (312) 1,211 (1,932) 3,534.3 3,792.4 4,803.9 5,386.2 5,515.0 1,934.6 1,805.7 845.8 1,063.6 969.0 (701.4)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Income Statement
Revenue 19,889 19,220 21,138 23,761 22,202 21,852 23,315 22,563 23,147 23,641 12,499 12,732 12,709 30,176 38,659 42,446 40,984 50,830.5 51,138.5 41,120.6 34,165.0 29,245.3 29,403.7 30,043.3 31,245.8 30,460.1 19,830.1 13,261.4 8,820.0 6,786.1 6,551.2
Gross Profit 8,659 8,864 8,546 10,101 8,834 8,193 8,264 8,312 9,139 8,524 5,454 5,638 5,345 8,390 11,319 12,817 13,264 17,414.7 17,331.2 13,378.5 11,973.2 11,125.7 12,197.1 11,749.2 11,424.5 11,335.2 7,567.7 5,002.6 3,120.9 1,948.4 2,009.7
Operating Income 782 1,590 1,470 2,444 2,158 885 485 (59) 16 (1,100) 1,688 170 519 (2,303) (1,073) 2,070 1,197 4,978.1 7,997.2 5,487.9 4,635.3 4,326.5 5,002.4 4,783.9 3,368.4 5,792.2 3,919.5 2,477.0 1,417.3 736.0 892.0
Net Income 651 1,277 665 4,250 1,623 (2,523) 7 (335) (1,494) (766) 2,466 3,462 (615) (3,106) (1,164) 1,343 891 3,988 7,205 4,306.0 3,613.6 3,189.7 3,585.8 3,384.0 2,204.0 3,949.1 2,584.8 1,751.4 1,049.1 598.6 397.8
EPS (Diluted) 0.11 0.23 0.12 0.75 0.29 -0.45 0.00 -0.06 -0.26 -0.13 0.62 0.84 -0.17 -0.84 -0.31 0.36 0.24 1.06 1.84 1.05 0.83 0.70 0.75 0.71 0.46 0.82 0.14 0.19 0.03 0.12 0.08
Balance Sheet
Cash & Equivalents 5,459.7 6,623 6,234 5,467 6,691 8,491.4 6,634.0 6,261 7,369 7,497 1,142 5,561.4 1,089.6 1,142.6 1,497.1 1,856.7 1,412.9 1,025.6 722.2 2,052.7 286.0 750.0
Total Assets 37,581.0 39,149 39,860 42,943 40,049 46,521.8 45,812.6 39,528 41,024 44,900 35,738 39,676.1 22,651.9 23,878.1 23,347.8 22,465.8 19,944.7 14,320.5 9,985.5 6,997.3 5,743.2 5,830.7
Total Debt 5,207.8 4,750 5,188 5,519 5,662 7,935.9 5,957.1 3,822 3,766 4,028 5,448 4,462.3 233.8 470.1 564.2 1,039.6 1,292.6 1,064.3 1,012.1 778.2 1,048.5 1,181.7
Stockholders' Equity 20,958.1 20,657 20,537 21,333 17,360 15,251.6 17,202.3 15,289 16,138 20,093 13,088 14,241.8 14,227.6 15,121.5 14,293.6 12,225.9 10,838.0 7,399.8 5,084.4 3,608.2 2,748.7 2,457.1
Cash Flow
Operating Cash Flow 2,071 2,493 1,317 1,474 2,625 1,759 390 360 1,812 (1,455) 4,140.5 4,339.8 5,235.0 5,818.8 6,558.0 3,519.0 3,111.6 1,678.9 1,710.0 1,435.8 (114.3)
Capital Expenditure (606) (472) (652) (601) (560) (479) (690) (672) (601) (477) (606.2) (547.4) (431.2) (432.6) (1,043.0) (1,584.3) (1,305.8) (833.0) (646.4) (466.8) (587.1)
Free Cash Flow 1,465 2,021 665 873 2,065 1,280 (300) (312) 1,211 (1,932) 3,534.3 3,792.4 4,803.9 5,386.2 5,515.0 1,934.6 1,805.7 845.8 1,063.6 969.0 (701.4)