Nokia Corp (NOKBF) balance sheet

NOKBFOTCRadio & Tv Broadcasting & Communications EquipmentFiscal year ends December 31Also trades as NOK

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 5, 2026Score 6/30

$9.30+0.05 (+0.54%)

Close on Oct 19, 2026Market cap $53.40BP/E 69.2Yield –

Nokia Corp balance sheet

Annual Quarterly

EUR USD

Millions of EUR, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31
Cash & Equivalents	5,462	6,623	6,234	5,467	6,691	6,940	5,910	6,261	7,369	7,497	6,995	5,170
Cash & Short-Term Investments	5,462	6,623	6,234	5,467	6,691	6,940	5,910	6,261	7,369	7,497	6,995	5,170
Receivables	4,975	5,248	4,921	5,549	5,382	5,503	5,025	4,856	6,880	6,972	–	–
Inventory	2,209	2,163	2,719	3,265	2,392	2,242	2,936	3,168	2,646	2,506	–	–
Total Current Assets	15,792	17,987	–	20,266	19,597	18,215	16,808	18,266	19,841	20,675	–	–
Property, Plant & Equipment	1,570	1,362	1,951	2,015	1,924	1,783	1,856	1,790	1,853	1,981	695	–
Operating Lease Right-of-Use Assets	920	758	906	929	884	805	912	975	–	–	–	–
Goodwill	5,996	5,736	5,504	5,667	–	–	5,527	5,452	5,248	5,724	–	–
Intangible Assets	1,399	802	1,086	1,263	1,620	1,953	2,429	3,353	3,971	5,236	–	–
Deferred Tax Assets	6,028	5,945	6,253	6,568	3,848	3,653	6,809	6,169	5,808	7,460	–	–
Total Assets	37,597	39,149	39,860	42,943	40,049	36,191	39,128	39,517	41,024	44,901	–	–
Accounts Payable	2,978	3,213	3,423	4,730	3,679	3,174	3,786	4,773	3,996	3,781	–	–
Current Debt	1,084	969	554	228	116	561	292	994	309	370	–	–
Current Portion of Leases	203	199	198	184	185	189	259	266	–	–	–	–
Current Income Taxes Payable	344	207	203	185	202	188	187	268	383	536	–	–
Other Current Liabilities	2,738	2,883	2,824	3,619	–	–	–	–	–	–	–	–
Total Current Liabilities	10,004	11,394	10,933	12,774	12,101	11,761	12,055	14,104	12,744	12,605	–	–
Long-Term Debt	2,329	2,918	3,637	4,249	4,537	5,015	3,985	2,826	3,457	3,657	–	–
Long-Term Leases	797	664	799	858	824	721	771	2.00	–	–	–	–
Operating Lease Liabilities	1,000	863	997	1,042	1,009	910	1,030	1,066	–	–	–	–
Deferred Tax Liabilities	2,777	2,908	3,105	3,066	2,858	2,091	2,075	1,608	1,639	2,162	–	–
Other Long-Term Liabilities	147	117	111	103	–	–	–	–	–	–	–	–
Total Liabilities	16,539	18,402	19,232	21,517	22,587	23,646	23,727	24,146	24,806	23,926	–	–
Total Debt	3,413	3,887	4,191	4,477	4,653	5,576	4,277	3,820	3,766	4,027	–	–
Common Stock	246	246	246	246	246	246	246	246	246	246	–	–
Additional Paid-In Capital	870	734	628	503	454	443	427	436	447	439	–	–
Retained Earnings	1,857	1,956	1,404	1,375	-2,537	-4,143	-1,613	-1,062	1,147	3,588	–	–
Treasury Stock	-352	-431	-352	-352	-352	-352	-352	-408	-1,480	-881	–	–
Shareholders' Equity	20,967	20,657	20,537	21,333	17,360	12,465	15,325	15,289	16,138	20,094	–	–
Noncontrolling Interest	91	90	91	93	102	80	76	82	80	881	–	–
Total Equity	21,058	20,747	20,628	21,426	17,462	12,545	15,401	15,375	16,164	20,975	10,524	8,669
Total Liabilities & Equity	37,597	39,149	39,860	42,943	40,049	36,191	39,128	39,517	41,024	44,901	–	–
Shares Outstanding(shares)	5,583	5,373	5,526	5,587	5,635	5,617	5,606	5,593	5,580	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 43.5%
Operating margin: 4.4%
Net margin: 3.3%
Return on equity, FY2025: 3.1%

Financial strength

Current ratio: 1.58
Debt to equity: 0.16
Debt to assets: 9.1%
Cash to current liabilities: 54.6%

Valuation

P/E ratio: 69.2
Price to sales: 2.40
Price to book: 2.27
Dividend yield: –