Tearsheet

Nokia (NOK)

Market Price (9/16/2025): $4.53 | Market Cap: $24.4 Bil
Sector: Information Technology | Industry: Communications Equipment

Nokia (NOK)

Market Price (9/16/2025): $4.53
Market Cap: $24.4 Bil
Sector: Information Technology
Industry: Communications Equipment

Investment Highlights

Low stock price volatility
Vol 12M is 30%

Weak multi-year price returns
2Y Excs Rtn is -27%, 3Y Excs Rtn is -65%

Weak revenue growth
is -5.2%

0	Low stock price volatility Vol 12M is 30%
1	Weak multi-year price returns 2Y Excs Rtn is -27%, 3Y Excs Rtn is -65%
2	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.2%

Market Valuation

	9/16/25	2024	2023	2022	2021
Share Price CYE	$4.53	$4.31	$3.21	$4.22	$5.59
Market Cap CYE ($ Bil)	24.4	23.2	17.7	23.6	31.5
Total Debt ($ Bil)	4.1	4.8	5.2	5.5	5.7
Total Cash ($ Bil)	6.1	8.9	8.2	9.2	9.6
Enterprise Value ($ Bil)	22.4	28.0	22.9	29.1	37.2
Valuation Ratios
P/S TTM	1.3	1.3	0.9	1.1	1.6
P/EBIT TTM	15.1	10.0	10.4	10.9	16.4
P/E TTM	24.1	19.0	28.5	6.1	21.6
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8	2.5	5.0
P/EBIT TTM (Sector)	4.0	-0.0	-0.1	-0.5	1.9
P/E TTM (Sector)	-0.4	-0.3	-0.4	-0.5	0.1

	9/16/25	2024	2023
Share Price CYE	$4.53	$4.31	$3.21
Market Cap CYE ($ Bil)	24.4	23.2	17.7
Total Debt ($ Bil)	4.1	4.8	5.2
Total Cash ($ Bil)	6.1	8.9	8.2
Enterprise Value ($ Bil)	22.4	28.0	22.9
Valuation Ratios
P/S TTM	1.3	1.3	0.9
P/EBIT TTM	15.1	10.0	10.4
P/E TTM	24.1	19.0	28.5
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8
P/EBIT TTM (Sector)	4.0	-0.0	-0.1
P/E TTM (Sector)	-0.4	-0.3	-0.4

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks covering technologies from 2G to 5G, and microwave radio links for transport networks. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
NOK Return	5%	59%	-24%	-24%	34%	5%	35%
Peers Return	40%	55%	-23%	85%	65%	14%	481%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AAPL, VRT, CSCO, ANET, MSI. See NOK Returns vs. Peers.
[3] 2025 data is for the year up to 9/15/2025 (YTD)

Interactive Breakdown

Nokia Interactive Breakdown Analysis

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	NOK Rallied 10% In A Month. Have You Fully Evaluated The Risk?	Return
2	NOK Dip Buy Analysis
3	Nokia (NOK) Valuation Ratios Comparison	Financials
4	Nokia Total Shareholder Return (TSR): 34.3% in 2024 and -8.3% 3-yr compounded annual returns (below peer average)
5	Nokia (NOK) Operating Cash Flow Comparison	Financials
6	Nokia (NOK) Net Income Comparison	Financials
7	Nokia (NOK) Operating Income Comparison	Financials
8	Nokia (NOK) Revenue Comparison	Financials
9	Nokia (NOK) worth $21 Bil (down $0), more valuable than J.B. Hunt Transport Services	Notification
10	Nokia (NOK) Stock Has 61% Chance Of Rise In The Next One Month	Chance of Rise
11	ARTICLES
12	What’s Next For Nokia Stock?		September 11th, 2025
13	NOK Lost 6.1% In A Day. Past Slides Turned Into Crashes.		July 23rd, 2025
14	What Is Fueling Nokia’s 50% Stock Price Increase?		February 21st, 2025
15	Why Is Nokia Stock Up Nearly 40% Over The Last Year?		January 16th, 2025
16	Is Nokia Stock A Buy At $4?		August 17th, 2023

	Title
0	DASHBOARDS
1	What’s Next For Nokia Stock?
2	NOK Lost 6.1% In A Day. Past Slides Turned Into Crashes.
3	What Is Fueling Nokia’s 50% Stock Price Increase?
4	Why Is Nokia Stock Up Nearly 40% Over The Last Year?
5	Is Nokia Stock A Buy At $4?
6	ARTICLES
7	NOK Rallied 10% In A Month. Have You Fully Evaluated The Risk?
8	NOK Dip Buy Analysis
9	Nokia (NOK) Valuation Ratios Comparison
10	Nokia Total Shareholder Return (TSR): 34.3% in 2024 and -8.3% 3-yr compounded annual returns (below peer average)
11	Nokia (NOK) Operating Cash Flow Comparison
12	Nokia (NOK) Net Income Comparison
13	Nokia (NOK) Operating Income Comparison
14	Nokia (NOK) Revenue Comparison
15	Nokia (NOK) worth $21 Bil (down $0), more valuable than J.B. Hunt Transport Services
16	Nokia (NOK) Stock Has 61% Chance Of Rise In The Next One Month

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11963.5%	11963.5%
2	GIBO	GIBO	7309.3%
3	CHSN	Chanson International	5551.3%	-99.3%
4	LNZA	LanzaTech Global	5145.9%	-85.7%
5	QMMM	QMMM	2490.3%	5505.5%
6	NXTT	Next Technology	2167.7%	1080.3%
7	VTAK	Catheter Precision	1543.9%	-70.5%
8	CURX	Curanex Pharmaceuticals	1282.0%	1282.0%
9	VCIG	VCI Global	1278.3%	-66.8%
10	OCTO	Eightco	800.6%	562.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-93.3%	-95.1%
2	ELPW	Elong Power	-92.4%	-76.5%
3	STFS	Star Fashion Culture	-92.1%	-97.9%
4	ETS	Elite Express	-92.0%	-92.0%
5	NAKA	Kindly MD	-91.7%
6	BINI	Bollinger Innovations	-90.5%	-100.0%
7	FLYE	Fly-E	-89.8%	-81.2%
8	JEM	707 Cayman	-89.8%	-98.3%
9	NUTR	NusaTrip	-86.7%	-86.7%
10	CUPR	Cuprina	-84.9%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

Peer Comparisons for Nokia

Financials

	NOK	AAPL	VRT	CSCO	ANET	MSI	Median
Name	Nokia	Apple	Vertiv	Cisco Sy.	Arista N.	Motorola.
Mkt Price	4.55	236.70	138.26	67.02	145.43	482.43	141.84
Mkt Cap	24.5	3,527.5	52.7	265.5	182.7	80.5	131.6
Rev LTM	19,246	408,625	9,094	56,654	7,951	11,094	15,170
Op Inc LTM	768	130,214	1,583	12,504	3,430	2,785	3,107
FCF LTM	-	96,184	1,239	13,288	3,975	2,384	3,975
FCF 3Y Avg	-	100,503	854	14,178	2,540	2,047	2,540
CFO LTM	-	108,565	1,426	14,193	4,047	2,612	4,047
CFO 3Y Avg	-	111,559	1,010	14,986	2,586	2,293	2,586

Growth & Margins

	NOK	AAPL	VRT	CSCO	ANET	MSI	Median
Name	Nokia	Apple	Vertiv	Cisco Sy.	Arista N.	Motorola.
Rev Chg LTM	1.1%	6.0%	26.3%	5.3%	26.0%	6.4%	6.2%
Rev Chg 3Y Avg	-5.2%	1.8%	20.7%	3.4%	32.1%	9.5%	6.5%
Rev Chg Q	1.8%	9.6%	35.1%	7.6%	30.4%	5.2%	8.6%
QoQ Delta Rev Chg LTM	0.4%	2.1%	8.1%	1.9%	6.9%	1.3%	2.0%
Op Mgn LTM	4.0%	31.9%	17.4%	22.1%	43.1%	25.1%	23.6%
Op Mgn 3Y Avg	7.2%	30.8%	14.0%	24.5%	40.2%	23.8%	24.1%
QoQ Delta Op Mgn LTM	-1.9%	0.1%	-0.1%	0.3%	0.9%	0.1%	0.1%
CFO/Rev LTM	-	26.6%	15.7%	25.1%	50.9%	23.5%	25.1%
CFO/Rev 3Y Avg	-	28.4%	12.9%	26.7%	37.6%	21.9%	26.7%
FCF/Rev LTM	-	23.5%	13.6%	23.5%	50.0%	21.5%	23.5%
FCF/Rev 3Y Avg	-	25.6%	10.9%	25.3%	36.9%	19.6%	25.3%

Valuation

	NOK	AAPL	VRT	CSCO	ANET	MSI	Median
Name	Nokia	Apple	Vertiv	Cisco Sy.	Arista N.	Motorola.
Mkt Cap	24.5	3,527.5	52.7	265.5	182.7	80.5	131.6
P/S	1.3	8.6	5.8	4.7	23.0	7.3	6.5
P/EBIT	15.2	27.1	40.2	20.9	53.3	26.8	27.0
P/E	24.2	35.5	64.9	26.1	56.2	38.0	36.8
P/CFO	-	32.5	37.0	18.7	45.1	30.8	32.5
Total Yield	4.1%	3.2%	1.6%	6.3%	1.8%	3.5%	3.4%
Dividend Yield	0.0%	0.4%	0.1%	2.4%	0.0%	0.9%	0.2%
FCF Yield 3Y Avg	-	3.2%	3.1%	6.4%	2.5%	3.3%	3.2%
D/E	0.2	0.0	0.1	0.1	0.0	0.1	0.1
Net D/E	-0.1	0.0	0.0	0.0	-0.0	0.1	0.0

Returns

	NOK	AAPL	VRT	CSCO	ANET	MSI	Median
Name	Nokia	Apple	Vertiv	Cisco Sy.	Arista N.	Motorola.
1M Rtn	8.3%	2.2%	3.9%	1.2%	5.9%	5.0%	4.5%
3M Rtn	-13.2%	19.4%	18.8%	2.3%	52.9%	18.7%	18.7%
6M Rtn	-13.9%	10.9%	55.4%	10.8%	70.9%	15.0%	12.9%
12M Rtn	12.0%	6.9%	61.5%	37.4%	61.7%	10.3%	24.7%
3Y Rtn	8.4%	59.5%	1,025.3%	68.5%	402.7%	108.6%	88.5%
1M Excs Rtn	7.9%	-0.6%	2.1%	-5.6%	4.3%	2.5%	2.3%
3M Excs Rtn	-22.0%	9.9%	14.0%	-6.1%	46.8%	7.8%	8.9%
6M Excs Rtn	-30.2%	-6.2%	41.0%	-5.8%	56.8%	-1.3%	-3.6%
12M Excs Rtn	-6.8%	-12.3%	49.0%	20.3%	50.5%	-7.1%	6.7%
3Y Excs Rtn	-64.7%	-9.5%	969.4%	-4.3%	308.7%	34.8%	15.2%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		3/13/2025	2/29/2024	3/2/2023	3/3/2022	3/4/2021	3/5/2020
Key Financials
Total Revenue	19,246	19,220	21,138	23,761	22,202	21,852	23,315
Ebitda	2,163	3,432	2,913	3,529	3,227	2,119	2,128
Operating Income	768	1,572	1,455	2,444	1,769	1,016	505
Net Income	1,012	1,277	665	4,250	1,623	-2,523	7
EPS	0.19	0.23	0.12	0.76	0.29	-0.45	0.00
Growth Rates
Total Revenue Growth	1.1%	-9.1%	-11.0%	7.0%	1.6%	-6.3%	3.3%
EBITDA Growth	-24.1%	17.8%	-17.5%	9.4%	52.3%	-0.4%	54.5%
Operating Income Growth	-45.2%	8.0%	-40.5%	38.2%	74.1%	101.2%	620.6%
Net Income Growth	169.9%	92.0%	-84.4%	161.9%	164.3%	-36142.9%	102.1%
Margins
EBITDA Margin	11.2%	17.9%	13.8%	14.9%	14.5%	9.7%	9.1%
Operating Income Margin	4.0%	8.2%	6.9%	10.3%	8.0%	4.6%	2.2%
Net Income Margin	5.3%	6.6%	3.1%	17.9%	7.3%	-11.5%	0.0%
Cash & Debt
Total Cash	6,081	8,913	8,240	9,162	9,604	8,275	6,171
Total Debt	4,100	4,750	5,188	5,519	5,662	6,486	5,307
Net Debt / (Cash)	-1,981	-4,163	-3,052	-3,643	-3,942	-1,789	-864
Cash Flows
Net Cash from Operations	-	2,493	1,317	1,474	2,625	1,759	390
Free Cash from Operations	-	2,021	665	873	2,065	1,280	-300
Returns to Shareholders
Dividends	376	723	621	353	9	149	570
Share Repurchases	624	680	300	300	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	7/24/2025	4/24/2025	3/13/2025	10/17/2024	7/18/2024	4/18/2024	2/29/2024	10/19/2023	7/20/2023	4/20/2023	3/2/2023	10/20/2022
Key Financials Quarterly
Total Revenue	4,546	4,390	5,984	4,326	4,466	4,444	5,416	4,709	5,438	5,859	6,299	6,241
Ebitda	365	216	1,336	246	700	665	981	504	741	693	1,249	804
Operating Income	80	-48	490	246	432	404	328	237	469	427	1,008	517
Net Income	90	-59	806	175	-146	434	-46	133	290	279	3,154	427
EPS	0.02	-0.01	0.15	0.03	-0.03	0.08	-0.01	0.02	0.05	0.05	0.56	0.08
Key Financials TTM
Total Revenue TTM	19,246	19,166	19,220	18,652	19,035	20,007	21,422	22,305	23,837	24,272	23,761	23,876
Ebitda TTM	2,163	2,498	2,947	2,592	2,850	2,891	2,919	3,187	3,487	3,592	3,527	3,269
Operating Income TTM	768	1,120	1,572	1,410	1,401	1,438	1,461	2,141	2,421	2,516	2,443	1,786
Net Income TTM	1,012	776	1,269	417	375	811	656	3,856	4,150	4,317	4,250	1,772
Growth Rates Quarterly
Total Revenue Growth	1.8%	-1.2%	10.5%	-8.1%	-17.9%	-24.2%	-14.0%	-24.5%	-7.4%	9.6%	-1.8%	15.6%
EBITDA Growth	-47.9%	-67.5%	36.2%	-51.2%	-5.5%	-4.0%	-21.5%	-37.3%	-12.4%	10.4%	26.0%	3.6%
Operating Income Growth	-81.5%	-111.9%	49.4%	3.8%	-7.9%	-5.4%	-67.5%	-54.2%	-16.8%	20.6%	187.2%	3.0%
Net Income Growth	161.6%	-113.6%	1852.2%	31.6%	-150.3%	55.6%	-101.5%	-68.9%	-36.5%	31.6%	366.6%	24.9%
Margins Quarterly
EBITDA Margin	8.0%	4.9%	22.3%	5.7%	15.7%	15.0%	18.1%	10.7%	13.6%	11.8%	19.8%	12.9%
Operating Income Margin	1.8%	-1.1%	8.2%	5.7%	9.7%	9.1%	6.1%	5.0%	8.6%	7.3%	16.0%	8.3%
Net Income Margin	2.0%	-1.3%	13.5%	4.0%	-3.3%	9.8%	-0.8%	2.8%	5.3%	4.8%	50.1%	6.8%
Cash & Debt
Total Cash	6,081	7,222	8,913	-	9,078	8,826	8,240	6,823	7,479	8,288	9,162	9,543
Total Debt	4,100	5,065	4,750	0	4,607	4,756	5,188	5,172	5,203	5,342	5,519	5,693
Net Debt / (Cash)	-1,981	-2,157	-4,163	-	-4,471	-4,070	-3,052	-1,651	-2,276	-2,946	-3,643	-3,850
Cash Flows Quarterly
FCF from Operations	209	890	-	-	489	1,067	1,870	-303	-333	83	567	391
Cash Flows TTM
FCF from Operations TTM	-	-	-	-	3,123	2,301	1,317	14	708	998	1,474	1,393
Returns to Shareholders Quarterly
Dividends	215	161	0	0	225	166	171	171	167	112	124	114
Share Repurchases	78	546	-0	-0	90	8	45	92	82	81	66	94
Return on Invested Capital (ROIC) Quarterly
ROIC	1.4%	-1.2%	13.9%	-	9.4%	10.5%	2.4%	3.5%	8.0%	7.6%	25.3%	10.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	4.9%	7.1%	11.1%	-	5.9%	5.6%	4.8%	12.3%	14.5%	15.4%	15.3%	9.2%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Mobile Networks	9,797	10,671	9,717	10,394
Network infrastructure	6,917	7,897	7,674	6,735
Cloud and Network Services	3,220	3,351	3,089	3,086
Nokia Technologies	1,085	1,595	1,502	1,389	1,473
Group Common and Other	130	295	257	250	897
Eliminations and unallocated items	-11	-48	-37	-2	-29
Networks					18,207
Nokia Software					2,767
Total	21,138	23,761	22,202	21,852	23,315

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Network infrastructure	1,016	1,069	784	457
Nokia Technologies	734	1,208	1,185	1,123	1,239
Mobile Networks	723	940	765	819
Cloud and Network Services	255	177	166	-67
Group Common and Other	-391	-318	-125	-251	-490
Eliminations and unallocated items	-676	-777	-617	-1,196	-1,518
Networks					665
Nokia Software					589
Total	1,661	2,299	2,158	885	485

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$4.55
Market Cap ($ Bil)	24.5
First Trading Date	01/03/1994
Distance from 52W High	-15.3%
	50 Days	200 Days
DMA Price	$4.42	$4.72
DMA Trend	indeterminate	down
Distance from DMA	3.0%	-3.7%
	3M	1YR
Volatility	25.4%	30.6%
Downside Capture	0.56	0.44
Upside Capture	7.86	58.83
Correlation (SPY)	42.0%	38.3%

NOK Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.48	0.73	0.98	0.61	0.58	0.85
Up Beta	1.32	2.62	2.30	0.67	0.58	0.79
Down Beta	0.97	0.34	1.36	0.70	0.70	0.74
Up Capture	38%	-93%	-28%	27%	34%	60%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	11	14	27	61	121	374
Down Capture	-54%	102%	118%	63%	64%	101%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	7	23	31	56	105	327

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	44,070,575
Short Interest: % Change Since 8152025	2.7%
Average Daily Volume	17,202,855
Days-to-Cover Short Interest	2.56
Basic Shares Quantity	5,378,143,000
Short % of Basic Shares	0.8%

Returns Analyses

	Title
0	NOK Rallied 10% In A Month. Have You Fully Evaluated The Risk?
1	Nokia (NOK) Stock Has 56% Chance Of Rise In The Next One Month
2	Nokia Stock Return Comparison

SEC Filings

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Report Date	Filing Date	Filing
6302025	7242025	6-K 6/30/2025
3312025	4242025	6-K 3/31/2025
12312024	3132025	20-F 12/31/2024
9302024	10172024	6-K 9/30/2024
6302024	7182024	6-K 6/30/2024
3312024	4182024	6-K 3/31/2024
12312023	2292024	20-F 12/31/2023
9302023	10192023	6-K 9/30/2023
6302023	7202023	6-K 6/30/2023
3312023	4202023	6-K 3/31/2023
12312022	3022023	20-F 12/31/2022
9302022	10202022	6-K 9/30/2022
6302022	7212022	6-K 6/30/2022
3312022	4282022	6-K 3/31/2022
12312021	3032022	20-F 12/31/2021
9302021	10282021	6-K 9/30/2021

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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	2020	2021	2022	2023	2024	2025	Total [1]
Returns
NOK Return	5%	59%	-24%	-24%	34%	5%	35%
Peers Return	40%	55%	-23%	85%	65%	14%	481%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%
Monthly Win Rates [3]
NOK Win Rate	58%	67%	33%	42%	67%	62%
Peers Win Rate	62%	73%	37%	67%	72%	62%
S&P 500 Win Rate	58%	75%	42%	67%	75%	62%
Max Drawdowns [4]
NOK Max Drawdown	-35%	-2%	-33%	-33%	-3%	-6%
Peers Max Drawdown	-30%	-5%	-39%	-6%	-6%	-29%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

Nokia (NOK)

Market Price (9/16/2025): $4.53 | Market Cap: $24.4 BilSector: Information Technology | Industry: Communications Equipment

Nokia (NOK)

Market Price (9/16/2025): $4.53Market Cap: $24.4 BilSector: Information TechnologyIndustry: Communications Equipment

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Market Price (9/16/2025): $4.53 | Market Cap: $24.4 Bil
Sector: Information Technology | Industry: Communications Equipment

Market Price (9/16/2025): $4.53
Market Cap: $24.4 Bil
Sector: Information Technology
Industry: Communications Equipment