Growth Metrics

Nokia (NOK) Invested Capital (2016 - 2025)

Nokia has reported Invested Capital over the past 17 years, most recently at $32.6 billion for Q4 2025.

  • For Q4 2025, Invested Capital rose 2.17% year-over-year to $32.6 billion; the TTM value through Dec 2025 reached $32.6 billion, up 2.17%, while the annual FY2025 figure was $31.7 billion, 0.84% down from the prior year.
  • Invested Capital was $32.6 billion for Q4 2025 at Nokia, up from $31.9 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $32.6 billion in Q4 2025 and bottomed at $928.8 million in Q1 2021.
  • The 5-year median for Invested Capital is $23.1 billion (2023), against an average of $21.3 billion.
  • Year-over-year, Invested Capital fell 14.75% in 2022 and then surged 41.1% in 2024.
  • Over 5 years, Invested Capital stood at $30.9 billion in 2021, then dropped by 14.75% to $26.3 billion in 2022, then dropped by 14.05% to $22.6 billion in 2023, then surged by 41.1% to $31.9 billion in 2024, then rose by 2.17% to $32.6 billion in 2025.
  • The last three reported values for Invested Capital were $32.6 billion (Q4 2025), $31.9 billion (Q4 2024), and $22.5 billion (Q2 2024) per Business Quant data.