Nokia Oyj (NOK) Financials

$5.41 +0.07 (+1.31%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$5.42 +0.01 (+0.28%)

As of 06:08 AM Eastern

Annual Income Statements for Nokia Oyj

This table shows Nokia Oyj's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,336	767	4,566	1,887	-3,082	7.86	389	-1,751	-1,298	2,684
Consolidated Net Income / (Loss)	1,329	751	4,556	1,862	-3,074	12	389	-1,751	-975	2,682
Net Income / (Loss) Continuing Operations	1,771	718	4,495	1,872	-3,070	20	628	-1,751	-959	1,297
Total Pre-Tax Income	2,164	1,625	2,320	2,180	908	175	412	-638	-1,440	1,673
Total Operating Income	2,069	1,837	2,459	2,442	1,081	544	68	-6.01	-1,280	1,587
Total Gross Profit	9,175	9,454	10,806	9,998	10,009	9,274	9,513	10,978	8,967	6,081
Total Revenue	19,895	23,383	25,420	25,128	26,695	26,165	25,824	27,805	24,870	13,647
Operating Revenue	19,895	23,383	25,420	25,128	26,695	26,165	25,824	27,805	24,870	13,647
Total Cost of Revenue	10,719	13,929	14,613	15,130	16,686	16,891	16,310	17,974	15,903	7,566
Operating Cost of Revenue	10,719	13,929	14,613	15,130	16,686	16,891	16,310	17,974	15,903	7,566
Total Operating Expenses	7,106	7,616	8,347	7,556	9,081	9,118	10,192	9,837	10,248	4,494
Selling, General & Admin Expense	2,991	3,184	3,162	3,160	4,089	3,613	4,062	4,343	3,963	1,925
Research & Development Expense	4,670	4,731	4,817	4,769	4,993	5,086	5,467	5,905	5,257	2,260
Other Operating Expenses / (Income)	-556	-299	367	-373	-	420	663	-411	1,028	309
Total Other Income / (Expense), net	95	-212	-139	-263	-20	775	567	-632	-160	86
Interest & Investment Income	419	471	190	78	202	190	97	-632	-	-171
Other Income / (Expense), net	-324	-684	-329	-341	181	586	469	-	142	256
Income Tax Expense	393	907	-2,175	308	3,978	155	216	1,114	-481	376
Net Income / (Loss) Discontinued Operations	-442	33	61	-10	-3.66	7.86	245	-	-	1,384
Net Income / (Loss) Attributable to Noncontrolling Interest	-7.25	-15	-9.63	-25	-8.55	4.49	5.72	-	339	-2.17
Basic Earnings per Share	$0.24	$0.13	$0.81	$0.29	($0.45)	$0.00	$0.06	-	($0.13)	$0.32
Weighted Average Basic Shares Outstanding	5.61B	5.61B	5.63B	5.68B	5.65B	5.64B	5.64B	5.84B	5.73B	3.67B
Diluted Earnings per Share	$0.24	$0.13	$0.80	$0.29	($0.45)	$0.00	$0.06	-	($0.13)	$0.31
Weighted Average Diluted Shares Outstanding	5.61B	5.61B	5.63B	5.68B	5.65B	5.64B	5.64B	5.84B	5.74B	3.95B
Weighted Average Basic & Diluted Shares Outstanding	5.61B	5.61B	5.63B	5.68B	5.65B	5.64B	5.64B	5.84B	-	-

No quarterly income statements for Nokia Oyj are available.

This table details how cash moves in and out of Nokia Oyj's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	403	848	-1,309	-282	1,258	394	1,268	-154	528	1,983
Net Cash From Operating Activities	2,581	1,457	1,577	2,971	2,149	438	412	2,175	-1,530	-547
Net Cash From Continuing Operating Activities	2,581	1,457	1,577	3,274	2,149	6,608	5,103	2,175	-1,530	547
Net Income / (Loss) Continuing Operations	1,329	751	4,556	1,862	-3,074	12	389	-1,751	-975	2,682
Consolidated Net Income / (Loss)	1,329	751	4,556	1,862	-3,074	12	389	-1,751	-975	2,682
Non-Cash Adjustments To Reconcile Net Income	1,605	1,343	-2,572	1,939	6,432	3,013	2,655	3,988	2,275	-1,820
Changes in Operating Assets and Liabilities, net	-354	-637	-408	-526	-1,209	3,582	2,059	-61	-2,830	-315
Net Cash From Investing Activities	-121	1,154	-2,011	-2,032	-1,757	187	361	12	7,191	2,060
Net Cash From Continuing Investing Activities	-363	-509	-662	-2,032	-1,853	2,844	6,417	12	7,191	2,058
Purchase of Property, Plant & Equipment	-489	-721	-643	-634	-585	774	769	-722	-502	-341
Acquisitions	-38	-21	-21	-37	-127	0.00	35	-473	6,122	-106
Sale of Property, Plant & Equipment	100	209	35	117	16	44	101	80	29	0.00
Other Investing Activities, net	63	24	-33	-66	26	19	0.00	-11	43	-21
Net Cash From Financing Activities	-2,073	-1,662	-895	-1,372	1,079	538	1,109	-2,101	-5,179	-630
Net Cash From Continuing Financing Activities	-2,073	-1,662	-895	-1,372	1,079	2,958	1,435	-2,101	-5,179	-630
Repayment of Debt	-478	-883	-2.14	-1,381	-402	905	35	-2,452	-2,839	-86
Repurchase of Preferred Equity	-704	-332	-321	-	0.00	-	-	-943	-227	-188
Payment of Dividends	-748	-687	-378	-10	-182	640	1,237	-1,165	-1,594	-556
Issuance of Debt	98	504	37	19	1,948	1,166	160	2,513	243	256
Other Financing Activities, net	-241	-264	-232	-	-286	248	2.29	-8.41	-	-
Effect of Exchange Rate Changes	17	-101	20	-	-213	107	211	-240	45	6.52

No quarterly cash flow statements for Nokia Oyj are available.

This table presents Nokia Oyj's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Total Assets	40,523	44,093	45,940	45,327	44,211	43,912	45,228	49,280	47,236
Total Current Assets	17,967	19,520	21,023	22,180	22,252	18,863	20,906	23,834	19,826
Cash & Equivalents	6,855	6,896	5,849	7,573	8,478	6,633	7,166	8,852	7,887
Short-Term Investments	1,719	1,731	3,295	2,917	1,369	109	700	1,094	-
Accounts Receivable	6,226	6,289	6,936	7,064	6,722	5,639	5,558	8,265	7,335
Inventories, net	2,239	3,008	3,493	2,707	2,739	3,295	3,626	3,178	2,636
Current Deferred & Refundable Income Taxes	209	340	164	242	324	313	260	569	294
Other Current Assets	718	1,257	1,287	1,297	-	-	2,146	0.00	311
Plant, Property, & Equipment, net	1,410	2,158	2,156	2,178	2,178	2,083	2,049	2,226	2,084
Plant, Property & Equipment, gross	1,410	2,158	2,156	2,178	2,178	2,083	2,049	2,226	2,084
Total Noncurrent Assets	20,278	21,604	20,753	20,970	19,781	22,966	22,273	23,220	22,186
Long-Term Investments	128	97	213	1,133	285	185	166	154	-
Goodwill	5,937	6,089	6,063	-	-	-	-	-	-
Intangible Assets	830	1,201	-	7,980	8,584	8,929	10,077	11,074	11,530
Noncurrent Deferred & Refundable Income Taxes	3,725	4,284	4,102	1,440	2,226	5,750	5,621	5,504	5,997
Employee Benefit Assets	7,175	6,923	7,225	8,760	-	-	4,834	4,780	4,000
Other Noncurrent Operating Assets	2,008	2,219	2,149	1,368	8,687	8,102	1,569	1,681	612
Other Noncurrent Nonoperating Assets	473	791	746	0.00	-	-	5.72	28	46
Total Liabilities & Shareholders' Equity	40,523	44,093	45,940	45,327	44,211	43,912	45,228	49,280	47,236
Total Liabilities	19,048	21,274	23,019	25,564	28,886	26,628	27,635	29,798	25,170
Total Current Liabilities	10,067	11,176	8,684	12,833	14,367	13,529	16,142	15,309	13,260
Short-Term Debt	1,209	832	441	341	685	328	1,138	371	389
Accounts Payable	3,326	3,787	5,060	4,164	3,877	4,249	5,463	4,800	3,978
Current Deferred & Payable Income Tax Liabilities	214	225	198	229	230	210	307	460	564
Other Current Liabilities	5,318	6,333	2,985	3,641	5,029	5,013	4,726	1,670	-
Total Noncurrent Liabilities	7,254	9,180	9,243	11,868	14,519	13,099	11,491	14,489	11,910
Long-Term Debt	3,020	4,023	4,546	5,135	6,126	4,472	3,234	4,153	3,847
Capital Lease Obligations	687	884	918	933	881	865	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	582	802	355	319	318	438	401	496	424
Noncurrent Employee Benefit Liabilities	2,156	2,543	2,631	3,857	4,943	4,874	4,952	5,334	5,260
Other Noncurrent Operating Liabilities	808	928	794	1,131	1,591	1,651	1,928	920	-
Total Equity & Noncontrolling Interests	21,475	22,819	22,922	19,763	301	276	17,592	19,482	22,066
Total Preferred & Common Equity	17,280	18,730	18,644	19,648	15,227	17,199	17,498	19,386	21,139
Total Common Equity	17,280	18,730	18,644	19,648	28,832	21,965	17,498	19,386	21,139
Common Stock	255	272	263	278	301	276	282	296	259
Retained Earnings	2,025	1,553	1,471	-2,871	5,061	1,810	-1,215	1,378	3,775
Treasury Stock	-446	-389	-377	-398	430	395	-467	-1,778	-927
Other Equity Adjustments	15,447	17,294	17,287	22,639	23,041	19,484	18,899	19,490	18,032
Noncontrolling Interest	93	101	99	115	98	85	94	96	927

No quarterly balance sheets for Nokia Oyj are available.

This table displays calculated financial ratios and metrics derived from Nokia Oyj's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.92%	-8.01%	1.16%	-5.87%	2.02%	1.32%	-7.13%	11.80%	82.24%	0.00%
EBITDA Growth	51.26%	-45.83%	1.34%	66.55%	11.66%	110.54%	9,036.98%	99.47%	-161.73%	0.00%
EBIT Growth	51.26%	-45.83%	1.34%	66.55%	11.66%	110.54%	9,036.98%	99.47%	-161.73%	0.00%
NOPAT Growth	108.58%	-82.96%	127.16%	157.36%	-5,922.30%	95.80%	862.90%	99.53%	-172.82%	0.00%
Net Income Growth	76.95%	-83.51%	144.72%	160.58%	-24,997.47%	-96.83%	122.22%	-79.59%	-136.37%	0.00%
EPS Growth	79.43%	-83.46%	176.69%	164.44%	0.00%	-100.00%	0.00%	0.00%	-141.94%	0.00%
Operating Cash Flow Growth	77.13%	-7.61%	-46.92%	38.26%	390.95%	6.23%	118.94%	242.22%	-179.88%	0.00%
Free Cash Flow Firm Growth	-20.19%	272.54%	20.82%	-2,285.84%	125.59%	-339.58%	-103.72%	116.17%	0.00%	0.00%
Invested Capital Growth	-5.62%	-12.19%	45.07%	44.61%	-26.63%	3.79%	1.00%	-17.08%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	46.12%	40.43%	42.51%	39.79%	37.49%	35.45%	36.84%	39.48%	36.06%	44.56%
EBITDA Margin	8.77%	4.93%	8.38%	8.36%	4.73%	4.32%	2.08%	-0.02%	-4.58%	13.51%
Operating Margin	10.40%	7.86%	9.68%	9.72%	4.05%	2.08%	0.26%	-0.02%	-5.15%	11.63%
EBIT Margin	8.77%	4.93%	8.38%	8.36%	4.73%	4.32%	2.08%	-0.02%	-4.58%	13.51%
Profit (Net Income) Margin	6.68%	3.21%	17.92%	7.41%	-11.51%	0.05%	1.51%	-6.30%	-3.92%	19.65%
Tax Burden Percent	61.41%	46.22%	196.36%	85.41%	-338.63%	7.05%	94.44%	274.58%	67.71%	160.26%
Interest Burden Percent	124.02%	140.84%	108.94%	103.72%	71.93%	15.49%	76.76%	10,620.00%	126.53%	90.75%
Effective Tax Rate	18.17%	55.82%	-93.73%	14.12%	438.22%	88.46%	52.50%	0.00%	0.00%	22.47%
Return on Invested Capital (ROIC)	9.10%	3.96%	25.87%	16.50%	-29.77%	0.45%	0.24%	-0.03%	-11.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	19.40%	6.50%	33.00%	7.71%	-24.91%	-0.56%	-6.97%	29.76%	-8.26%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-3.10%	-0.68%	-4.52%	2.06%	-1,036.34%	-0.31%	1.86%	-8.40%	2.16%	0.00%
Return on Equity (ROE)	6.00%	3.28%	21.35%	18.56%	-1,066.11%	0.14%	2.10%	-8.43%	-8.84%	0.00%
Cash Return on Invested Capital (CROIC)	14.88%	16.94%	-10.92%	-19.97%	0.95%	-3.26%	-0.76%	18.65%	-211.00%	0.00%
Operating Return on Assets (OROA)	4.12%	2.56%	4.67%	4.69%	2.86%	2.54%	1.14%	-0.01%	-2.41%	0.00%
Return on Assets (ROA)	3.14%	1.67%	9.98%	4.16%	-6.98%	0.03%	0.82%	-3.63%	-2.06%	0.00%
Return on Common Equity (ROCE)	4.88%	2.68%	19.15%	44.84%	-93,923.82%	0.31%	2.09%	-8.22%	-8.47%	0.00%
Return on Equity Simple (ROE_SIMPLE)	7.69%	4.01%	24.44%	9.48%	-20.18%	0.07%	2.22%	-9.03%	-4.61%	0.00%
Net Operating Profit after Tax (NOPAT)	1,693	812	4,765	2,097	-3,657	63	32	-4.20	-896	1,231
NOPAT Margin	8.51%	3.47%	18.74%	8.35%	-13.70%	0.24%	0.12%	-0.02%	-3.60%	9.02%
Net Nonoperating Expense Percent (NNEP)	-10.30%	-2.54%	-7.13%	8.79%	-4.86%	1.01%	7.21%	-29.78%	-2.74%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	6.42%	2.84%	16.53%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	53.88%	59.57%	57.49%	60.21%	62.51%	64.56%	63.16%	64.64%	63.94%	55.44%
SG&A Expenses to Revenue	15.04%	13.62%	12.44%	12.58%	15.32%	13.81%	15.73%	15.62%	15.93%	14.11%
R&D to Revenue	23.48%	20.23%	18.95%	18.98%	18.70%	19.44%	21.17%	21.24%	21.14%	16.56%
Operating Expenses to Revenue	35.72%	32.57%	32.84%	30.07%	34.02%	34.85%	39.47%	35.38%	41.20%	32.93%
Earnings before Interest and Taxes (EBIT)	1,745	1,154	2,130	2,102	1,262	1,130	537	-6.01	-1,138	1,844
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,745	1,154	2,130	2,102	1,262	1,130	537	-6.01	-1,138	1,844
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.43	0.99	0.00	1.70	0.73	0.90	1.81	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	2.35	1.61	0.00	2.86	1.03	1.52	4.26	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.24	0.79	0.00	1.33	0.78	0.76	1.22	0.00	0.00	0.00
Price to Earnings (P/E)	18.48	24.07	0.00	17.69	0.00	2,526.26	81.18	0.00	0.00	0.00
Dividend Yield	3.19%	3.65%	1.41%	0.00%	0.00%	3.19%	4.13%	11.64%	6.93%	8.83%
Earnings Yield	5.41%	4.16%	0.00%	5.65%	0.00%	0.04%	1.23%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.16	0.81	0.00	1.88	1.84	1.35	2.05	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.06	0.67	0.00	1.13	0.72	0.73	1.09	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	12.04	13.49	0.00	13.46	15.16	16.94	52.21	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	12.04	13.49	0.00	13.46	15.16	16.94	52.21	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	12.41	19.17	0.00	13.48	0.00	304.90	873.67	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.14	10.68	0.00	9.52	8.90	43.75	68.01	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	7.59	4.49	0.00	0.00	164.69	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.25	0.26	0.32	25.60	41.04	0.25	0.23	0.19	0.00
Long-Term Debt to Equity	0.17	0.22	0.24	0.31	23.32	19.33	0.18	0.21	0.17	0.00
Financial Leverage	-0.16	-0.10	-0.14	0.27	41.60	1.05	-0.27	-0.28	-0.26	0.00
Leverage Ratio	1.91	1.97	2.14	4.46	152.83	4.99	2.55	2.32	2.14	0.00
Compound Leverage Factor	2.37	2.77	2.33	4.63	109.93	3.82	1.96	246.70	2.71	0.00
Debt to Total Capital	18.63%	20.10%	20.48%	24.49%	96.24%	95.35%	19.91%	18.85%	16.11%	0.00%
Short-Term Debt to Total Capital	4.58%	2.91%	1.53%	1.30%	8.57%	5.52%	5.18%	1.55%	1.48%	0.00%
Long-Term Debt to Total Capital	14.05%	17.18%	18.95%	23.18%	87.67%	89.84%	14.73%	17.30%	14.63%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	6.77%	8.07%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.35%	0.35%	0.35%	0.44%	1.22%	1.44%	0.43%	0.40%	3.52%	0.00%
Common Equity to Total Capital	65.47%	65.59%	64.68%	75.07%	360.72%	369.70%	79.67%	80.75%	80.37%	0.00%
Debt to EBITDA	2.82	4.97	2.77	3.05	6.10	5.01	8.15	-753.20	-3.72	0.00
Net Debt to EBITDA	-2.17	-2.59	-1.62	-2.48	-1.93	-1.12	-6.82	928.40	3.21	0.00
Long-Term Debt to EBITDA	2.12	4.25	2.57	2.89	5.55	4.72	6.03	-691.40	-3.38	0.00
Debt to NOPAT	2.90	7.07	1.24	3.06	-2.10	90.20	136.31	-1,076.00	-4.73	0.00
Net Debt to NOPAT	-2.24	-3.68	-0.72	-2.49	0.67	-20.09	-114.11	1,326.29	4.07	0.00
Long-Term Debt to NOPAT	2.19	6.05	1.15	2.89	-1.92	84.99	100.84	-987.71	-4.29	0.00
Altman Z-Score	1.72	1.41	0.00	1.65	1.51	1.33	1.38	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	18.70%	18.29%	10.29%	-141.63%	-8,709.92%	-120.86%	0.51%	2.46%	4.20%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.78	1.75	2.42	1.73	1.55	1.39	1.30	1.56	1.50	0.00
Quick Ratio	1.47	1.33	1.85	1.37	1.15	0.92	0.83	1.19	1.15	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,769	3,469	-2,011	-2,539	116	-454	-103	2,780	-17,196	0.00
Operating Cash Flow to CapEx	664.80%	284.45%	259.51%	574.40%	377.47%	0.00%	0.00%	339.14%	-323.83%	-160.19%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.29	0.00	0.00	0.00	-56.95	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	5.35	0.00	0.00	0.00	-5.07	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	3.93	0.00	0.00	0.00	-6.63	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.47	0.52	0.56	0.56	0.61	0.59	0.55	0.58	0.53	0.00
Accounts Receivable Turnover	3.18	3.54	3.63	3.65	4.32	4.67	3.74	3.57	3.39	0.00
Inventory Turnover	4.09	4.29	4.71	5.56	5.53	4.88	4.79	6.18	6.03	0.00
Fixed Asset Turnover	11.15	10.84	11.73	11.54	12.53	12.67	12.08	12.90	11.93	0.00
Accounts Payable Turnover	3.01	3.15	3.17	3.76	4.11	3.48	3.18	4.10	4.00	0.00
Days Sales Outstanding (DSO)	114.80	103.21	100.51	100.12	84.51	78.10	97.68	102.39	107.64	0.00
Days Inventory Outstanding (DIO)	89.33	85.17	77.43	65.69	65.99	74.78	76.13	59.04	60.51	0.00
Days Payable Outstanding (DPO)	121.09	115.91	115.19	97.00	88.88	104.93	114.83	89.12	91.29	0.00
Cash Conversion Cycle (CCC)	83.04	72.48	62.74	68.82	61.63	47.94	58.99	72.30	76.86	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	18,074	19,149	21,807	15,031	10,395	14,167	13,651	13,515	16,300	0.00
Invested Capital Turnover	1.07	1.14	1.38	1.98	2.17	1.88	1.90	1.87	3.05	0.00
Increase / (Decrease) in Invested Capital	-1,076	-2,657	6,775	4,637	-3,773	517	135	-2,784	16,300	0.00
Enterprise Value (EV)	21,006	15,564	0.00	28,280	19,132	19,149	28,023	0.00	0.00	0.00
Market Capitalization	24,699	18,449	0.00	33,378	20,933	19,846	31,589	0.00	0.00	0.00
Book Value per Share	$3.08	$3.33	$3.31	$3.48	$5.11	$3.90	$3.00	$3.32	$3.69	$0.00
Tangible Book Value per Share	$1.87	$2.03	$2.23	$2.06	$3.59	$2.31	$1.27	$1.42	$1.68	$0.00
Total Capital	26,392	28,558	28,826	26,172	7,993	5,941	21,964	24,006	26,302	0.00
Total Debt	4,917	5,739	5,904	6,408	7,692	5,665	4,372	4,524	4,236	0.00
Total Long-Term Debt	3,708	4,907	5,463	6,068	7,007	5,337	3,234	4,153	3,847	0.00
Net Debt	-3,786	-2,986	-3,452	-5,214	-2,440	-1,261	-3,660	-5,576	-3,650	0.00
Capital Expenditures (CapEx)	388	512	608	517	569	-818	-870	641	472	341
Debt-free, Cash-free Net Working Capital (DFCFNWC)	534	549	3,636	-802	-1,278	-1,080	-1,965	-1,050	-932	0.00
Debt-free Net Working Capital (DFNWC)	9,109	9,176	12,780	9,687	8,570	5,662	5,901	8,896	6,955	0.00
Net Working Capital (NWC)	7,900	8,344	12,339	9,346	7,884	5,334	4,763	8,525	6,566	0.00
Net Nonoperating Expense (NNE)	364	61	208	236	-583	50	-357	1,747	79	-1,451
Net Nonoperating Obligations (NNO)	-3,401	-3,669	-1,115	-4,732	10,094	13,891	-3,942	-5,967	-5,766	0.00
Total Depreciation and Amortization (D&A)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	2.68%	2.35%	14.31%	-3.19%	-4.79%	-4.13%	-7.61%	-3.78%	-3.75%	0.00%
Debt-free Net Working Capital to Revenue	45.79%	39.24%	50.28%	38.55%	32.10%	21.64%	22.85%	32.00%	27.96%	0.00%
Net Working Capital to Revenue	39.71%	35.68%	48.54%	37.19%	29.54%	20.39%	18.45%	30.66%	26.40%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.24	$0.12	$0.76	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	5.61B	5.61B	5.63B	0.00	0.00	5.60B	5.64B	5.84B	0.00	0.00
Adjusted Diluted Earnings per Share	$0.24	$0.12	$0.75	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	5.61B	5.61B	5.63B	0.00	0.00	5.63B	5.64B	5.84B	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.61B	5.61B	5.63B	0.00	0.00	5.64B	5.64B	5.84B	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	1,693	1,286	1,722	2,097	757	381	47	-4.20	-896	1,231
Normalized NOPAT Margin	8.51%	5.50%	6.77%	8.35%	2.84%	1.46%	0.18%	-0.02%	-3.60%	9.02%
Pre Tax Income Margin	10.88%	6.95%	9.13%	8.67%	3.40%	0.67%	1.60%	-2.29%	-5.79%	12.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	3.14	0.00	0.00	0.00	-3.77	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	-9.10	0.00	0.00	0.00	-2.97	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	1.72	0.00	0.00	0.00	-5.33	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-10.51	0.00	0.00	0.00	-4.53	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	56.31%	91.46%	8.29%	0.55%	-5.92%	-5,181.82%	-317.94%	-66.53%	-163.43%	20.75%
Augmented Payout Ratio	56.31%	91.46%	8.29%	0.55%	-5.92%	-5,190.91%	-317.94%	-69.14%	-241.53%	22.85%

No quarterly metrics and ratios for Nokia Oyj are available.

Frequently Asked Questions About Nokia Oyj's Financials

When does Nokia Oyj's financial year end?

According to the most recent income statement we have on file, Nokia Oyj's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Nokia Oyj's net income changed over the last 9 years?

Nokia Oyj's net income appears to be on an upward trend, with a most recent value of $1.33 billion in 2024, falling from $2.68 billion in 2015. The previous period was $751.11 million in 2023. Find out what analysts predict for Nokia Oyj in the coming months.

What is Nokia Oyj's operating income?

Nokia Oyj's total operating income in 2024 was $2.07 billion, based on the following breakdown:

Total Gross Profit: $9.18 billion
Total Operating Expenses: $7.11 billion

How has Nokia Oyj revenue changed over the last 9 years?

Over the last 9 years, Nokia Oyj's total revenue changed from $13.65 billion in 2015 to $19.89 billion in 2024, a change of 45.8%.

How much debt does Nokia Oyj have?

Nokia Oyj's total liabilities were at $19.05 billion at the end of 2024, a 10.5% decrease from 2023, and a 24.3% decrease since 2016.

How much cash does Nokia Oyj have?

In the past 8 years, Nokia Oyj's cash and equivalents has ranged from $5.85 billion in 2022 to $8.85 billion in 2017, and is currently $6.86 billion as of their latest financial filing in 2024.

How has Nokia Oyj's book value per share changed over the last 9 years?

Over the last 9 years, Nokia Oyj's book value per share changed from 0.00 in 2015 to 3.08 in 2024, a change of 307.8%.

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This page (NYSE:NOK) was last updated on 5/28/2025 by MarketBeat.com Staff

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Nokia Oyj (NOK) Financials

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Nokia Oyj (NOK) Financials

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