Nokia (NOK) Invested Capital (2009 - 2025)
Nokia (NOK) posted Invested Capital of $4.0 billion for Q4 2025, down 59.71% sequentially from $9.9 billion in Q4 2024, and down 59.71% YoY from $9.9 billion in Q4 2024.
Nokia (NOK) Invested Capital (2009 - 2025) Analysis & Trends
Nokia has reported Invested Capital for 17 years, with the latest figure at $4.0 billion in Q4 2025.
- Quarterly Invested Capital fell 59.71% year-over-year to $4.0 billion in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $4.0 billion (down 63.43% YoY) and the FY2025 annual result came in at $4.0 billion, down 59.71% from the prior year.
- Invested Capital retreated to $4.0 billion in Q4 2025 per NOK's latest filing, from $9.9 billion in the prior quarter.
- Over five years, Invested Capital peaked at $9.9 billion in Q4 2024 and troughed at $137.5 million in Q1 2021.
- A 5-year average of $3.1 billion and a median of $1.0 billion in 2024 frame the typical range for Invested Capital.
- The sharpest annual moves came in 2023 and 2024: Invested Capital plunged 88.25% in 2023, then surged 1736.68% in 2024.
- Over 5 years, Invested Capital stood at $6.5 billion in 2021, then slumped by 30.13% to $4.6 billion in 2022, then slumped by 88.25% to $536.9 million in 2023, then soared by 1736.68% to $9.9 billion in 2024, then slumped by 59.71% to $4.0 billion in 2025.
- According to Business Quant data, Invested Capital over the past three periods registered $4.0 billion, $9.9 billion, and $1.0 billion for Q4 2025, Q4 2024, and Q2 2024 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 11.93 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 3.01 Bn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 615.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 3.24 Bn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | 3.97 Bn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 11.58 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | - |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | - |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 8.49 Mn |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 2.28 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 3.97 Bn |
| Dec 31, 2024 | 9.86 Bn |
| Jun 30, 2024 | 1.00 Bn |
| Dec 31, 2023 | 536.89 Mn |
| Jun 30, 2023 | 639.20 Mn |
| Dec 31, 2022 | 4.57 Bn |
| Dec 31, 2021 | 6.54 Bn |
| Sep 30, 2021 | 656.86 Mn |
| Mar 31, 2021 | 137.51 Mn |
| Dec 31, 2020 | 7.92 Bn |
| Sep 30, 2020 | 775.60 Mn |
| Jun 30, 2020 | 832.70 Mn |
| Mar 31, 2020 | 925.10 Mn |
| Dec 31, 2019 | 5.93 Bn |
| Sep 30, 2019 | 464.01 Mn |
| Jun 30, 2019 | 378.67 Mn |
| Mar 31, 2019 | 5.00 Bn |
| Dec 31, 2018 | 5.64 Bn |
| Sep 30, 2018 | 4.34 Bn |
| Jun 30, 2018 | 4.43 Bn |