Nokia (NOK) Invested Capital (2009 - 2025)

Nokia (NOK) has reported Invested Capital for 17 consecutive years, with $3.9 billion the latest figure, recorded in Q4 2025.

• Quarterly Invested Capital fell 63.01% year-over-year to $3.9 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $3.9 billion (down 66.41% YoY) and the FY2025 annual result came in at $3.9 billion, down 63.01% from the prior year.
• Invested Capital eased to $3.9 billion in Q4 2025 per NOK's latest filing, from $10.5 billion in the prior quarter.
• Over the last five years, Invested Capital for NOK reached as high as $10.5 billion in Q4 2024 and fell as low as $129.7 million in Q1 2021.
• A 5-year average of $3.2 billion and a median of $1.1 billion in 2024 frame the typical range for Invested Capital.
• Annual changes were most pronounced in 2023 — Invested Capital sank 88.85% — and 2024, when it jumped 1749.3%.
• Year by year, Invested Capital stood at $6.5 billion in 2021, then retreated by 21.66% to $5.1 billion in 2022, then plunged by 88.85% to $567.8 million in 2023, then soared by 1749.3% to $10.5 billion in 2024, then tumbled by 63.01% to $3.9 billion in 2025.
• According to Business Quant data, Invested Capital over the past three periods registered $3.9 billion, $10.5 billion, and $1.1 billion for Q4 2025, Q4 2024, and Q2 2024 respectively.