Nokia (NOK) EBITDA (2009 - 2025)
Nokia's (NOK) quarterly EBITDA came in at $1.3 billion in Q4 2025, up 46.51% year-on-year from $920.1 million in Q4 2024, and up 46.51% quarter-over-quarter from $920.1 million in Q4 2024.
Nokia (NOK) EBITDA (2009 - 2025) Analysis & Trends
Nokia has disclosed EBITDA across 17 years of filings, most recently posting $1.3 billion for Q4 2025.
- EBITDA for Q4 2025 came in at $1.3 billion, up 46.51% year-over-year; the trailing twelve-month figure through Dec 2025 was $3.7 billion (up 23.17% YoY), and the FY2025 annual result was $999.9 million, down 52.5% from the prior year.
- EBITDA came in at $1.3 billion for Q4 2025 at Nokia, up from $920.1 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $3.2 billion in Q4 2021 to a low of $532.6 million in Q3 2024.
- The 5-year median for EBITDA is $900.3 million (2024), against an average of $1.2 billion.
- Across the five-year window, EBITDA soared 585.42% in 2021 and tumbled 71.65% in 2022, its largest moves.
- Nokia's EBITDA stood at $3.2 billion in 2021, then slumped by 71.65% to $899.9 million in 2022, then dropped by 0.76% to $893.0 million in 2023, then grew by 3.03% to $920.1 million in 2024, then soared by 46.51% to $1.3 billion in 2025.
- The last three EBITDA figures came in at $1.3 billion (Q4 2025), $920.1 million (Q4 2024), and $532.6 million (Q3 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 480.96 Bn | 464.32 Bn | 10.08 Bn | 3.96 Bn |
| 2 | Ciena | 69.17 Bn | 67.87 Bn | 625.52 Mn | 189.41 Mn |
| 3 | Motorola Solutions | 68.03 Bn | 67.17 Bn | 1.36 Bn | 525.00 Mn |
| 4 | Hewlett Packard Enterprise | 65.63 Bn | 60.79 Bn | 8.25 Bn | 470.00 Mn |
| 5 | Lumentum Holdings | 61.32 Bn | 58.15 Bn | 357.00 Mn | 207.30 Mn |
| 6 | Ubiquiti | 34.34 Bn | 33.97 Bn | 370.71 Mn | 290.82 Mn |
| 7 | AST SpaceMobile | 27.21 Bn | 27.79 Bn | -69.36 Mn | -233.51 Mn |
| 8 | Applied Optoelectronics | 13.45 Bn | 13.01 Bn | 43.92 Mn | -12.99 Mn |
| 9 | Zebra Technologies | 11.38 Bn | 11.26 Bn | 742.00 Mn | 215.00 Mn |
| 10 | Nokia | 4.12 Bn | -2.64 Bn | 10.09 Bn | 1.35 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.35 Bn |
| Dec 31, 2024 | 920.06 Mn |
| Sep 30, 2024 | 532.64 Mn |
| Jun 30, 2024 | 900.28 Mn |
| Mar 31, 2024 | 651.82 Mn |
| Dec 31, 2023 | 893.03 Mn |
| Jun 30, 2023 | 969.14 Mn |
| Dec 31, 2022 | 899.86 Mn |
| Dec 31, 2021 | 3.17 Bn |
| Sep 30, 2021 | 2.20 Bn |
| Mar 31, 2021 | 664.64 Mn |
| Dec 31, 2020 | 1.39 Bn |
| Sep 30, 2020 | 321.22 Mn |
| Jun 30, 2020 | 310.61 Mn |
| Mar 31, 2020 | 320.14 Mn |
| Dec 31, 2019 | 1.49 Bn |
| Sep 30, 2019 | 757.77 Mn |
| Jun 30, 2019 | 704.52 Mn |
| Mar 31, 2019 | 3.13 Bn |
| Dec 31, 2018 | 1.28 Bn |