Nokia Oyj

NYSE:NOKTechnology

$9.08−0.66%At closeAt close · Tue 20 Oct · ≈ AED 33.35 · Market cap $53.55B · Next earnings Thu 22 Oct · Extended $8.96 −1.32%

Ratio	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	Current · undated	YoY
Gross margin	37.5%	39.8%	42.5%	40.4%	46.1%	43.5%	—	—
Operating margin	4.0%	9.7%	10.3%	7.0%	8.3%	3.9%	3.9%	+0.0 pts
Net margin	−11.5%	7.3%	17.9%	3.1%	6.6%	3.3%	3.3%	+0.0 pts
EBITDA margin	9.7%	14.5%	14.9%	13.8%	17.9%	11.3%	—	—
Return on equity	−16.5%	9.3%	19.9%	3.2%	6.2%	3.1%	3.1%	+0.0 pts
Return on assets	−5.4%	4.1%	9.9%	1.7%	3.3%	1.7%	1.8%	+0.0 pts
Return on capital employed	2.8%	7.7%	8.1%	5.1%	5.7%	2.8%	—	—
Debt / equity	0.5×	0.3×	0.3×	0.3×	0.2×	0.2×	0.2×	−0.4%
Debt / assets	17.1%	14.1%	12.9%	13.0%	12.1%	13.9%	—	—
Interest coverage	3.6×	7.7×	9.0×	4.8×	4.4×	3.6×	—	—
Current ratio	1.5×	1.6×	1.6×	1.7×	1.6×	1.6×	1.6×	+0.0%
Quick ratio	1.4×	1.4×	1.3×	1.4×	1.4×	1.4×	—	—
Cash ratio	0.6×	0.6×	0.4×	0.6×	0.6×	0.5×	0.5×	+0.0%
Asset turnover	0.5×	0.6×	0.6×	0.5×	0.5×	0.5×	—	—
Inventory turnover	5.0×	5.6×	4.2×	4.6×	4.8×	5.1×	—	—
Receivables turnover	2.6×	3.3×	3.5×	3.0×	2.9×	2.9×	—	—
Dividend payout	−5.9%	0.6%	8.3%	91.9%	56.6%	116.6%	—	—

Margins, returns, leverage and liquidityUpdated 31 Dec 2025 ·

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Current snapshot ratios have no reporting date and are shown separately from fiscal periods.