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Nokia stock: key metrics
NOKIA.HENokia had an operating margin of 8.3% and a return on invested capital (ROIC) of 6.4% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 32.5% | 13.3% | 10.5% |
| 2007 | 33.9% | 15.6% | 14.1% |
| 2008 | 34.3% | 9.8% | 7.9% |
| 2009 | 32.4% | 2.9% | 2.2% |
| 2010 | 30.2% | 4.9% | 3.2% |
| 2011 | 29.3% | −2.8% | −3.0% |
| 2012 | 27.8% | −7.6% | −10.3% |
| 2013 | 42.1% | 4.1% | −4.8% |
| 2014 | 44.3% | 1.3% | no data |
| 2015 | 43.6% | 13.5% | no data |
| 2016 | 35.8% | −4.7% | −3.2% |
| 2017 | 39.5% | 0.1% | −6.5% |
| 2018 | 37.4% | −0.3% | no data |
| 2019 | 35.7% | 3.5% | 0.1% |
| 2020 | 37.6% | 4.2% | −11.1% |
| 2021 | 39.8% | 9.7% | 7.3% |
| 2022 | 41.0% | 9.3% | 17.1% |
| 2023 | 39.7% | 7.6% | 3.0% |
| 2024 | 46.1% | 10.4% | no data |
| 2025 | 42.1% | 8.3% | 3.2% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 36.0% | 109.1% | 19.0% |
| 2007 | 48.8% | 121.9% | 19.2% |
| 2008 | 28.1% | 37.0% | 10.1% |
| 2009 | 6.8% | 4.8% | 2.5% |
| 2010 | 9.3% | 15.3% | 3.4% |
| 2011 | −9.8% | −9.6% | −3.2% |
| 2012 | −38.5% | −28.1% | −10.4% |
| 2013 | −9.5% | 6.0% | −2.4% |
| 2014 | no data | 3.6% | no data |
| 2015 | no data | 43.9% | no data |
| 2016 | −3.8% | −9.7% | −1.7% |
| 2017 | −9.3% | 0.1% | −3.6% |
| 2018 | no data | −0.4% | no data |
| 2019 | 0.1% | 3.1% | 0.0% |
| 2020 | −19.3% | 3.6% | −6.7% |
| 2021 | 9.3% | 15.2% | 4.1% |
| 2022 | 19.9% | 14.8% | 9.9% |
| 2023 | 3.2% | 4.7% | 1.7% |
| 2024 | no data | 9.5% | no data |
| 2025 | 3.0% | 6.4% | 1.7% |
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.