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Nokia stock: growth
NOKIA.HENokia reported $22.04B in revenue for fiscal 2025, up 3.5% on the prior year, down 1.9% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
−3.8%
per year from 2006 to 2025, per share −5.2%
Earnings (Annual rate)
−9.6%
per year from 2006 to 2025, per share −10.8%
Free cash flow (Annual rate)
−4.8%
per year from 2006 to 2025, per share −6.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | −1.9% | 4.8% | −3.8% |
| Revenue per share | −1.2% | 0.8% | −5.2% |
| Earnings | no data | −12.8% | −9.6% |
| Earnings per share | no data | −15.8% | −10.8% |
| Free cash flow | 2.7% | 22.5% | −4.8% |
| Free cash flow per share | 3.5% | 17.8% | −6.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $45.57B | $4.77B | $4.1B |
| 2007 | $56.67B | $8B | $7.78B |
| 2008 | $56.33B | $4.43B | $2.42B |
| 2009 | $45.41B | $987.32M | $2.98B |
| 2010 | $47.03B | $1.49B | $4.54B |
| 2011 | $42.84B | −$1.29B | $598.37M |
| 2012 | $33.44B | −$3.44B | −$903.1M |
| 2013 | $14.08B | −$681.48M | −$371.21M |
| 2014 | $14.11B | $3.84B | $1.07B |
| 2015 | $13.85B | $2.73B | $213.86M |
| 2016 | $26.17B | −$848.8M | −$2.14B |
| 2017 | $25.65B | −$1.66B | $1.34B |
| 2018 | $25B | −$376.75M | −$345.73M |
| 2019 | $25.84B | $19.95M | −$332.43M |
| 2020 | $24.23B | −$2.68B | $1.42B |
| 2021 | $24.6B | $1.8B | $2.29B |
| 2022 | $27.6B | $4.71B | $967.37M |
| 2023 | $24.66B | $736.89M | $736.89M |
| 2024 | $21.3B | $1.42B | $2.24B |
| 2025 | $22.04B | $696.99M | $1.62B |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 15 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.