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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Nokia (NOK) Operating Margin (2016 - 2025)

Nokia has reported Operating Margin over the past 17 years, most recently at 0.02% for Q4 2025.

  • For Q4 2025, Operating Margin fell 1053.0% year-over-year to 0.02%; the TTM value through Dec 2025 reached 0.05%, down 2792.0%, while the annual FY2025 figure was 4.45%, 580.0% down from the prior year.
  • Operating Margin was 0.02% for Q4 2025 at Nokia, down from 10.55% in the prior quarter.
  • Across five years, Operating Margin topped out at 164.89% in Q2 2024 and bottomed at 30.66% in Q4 2021.
  • The 5-year median for Operating Margin is 11.34% (2021), against an average of 38.41%.
  • The widest YoY moves for Operating Margin: up 13093bps in 2024, down -7440bps in 2024.
  • Over 5 years, Operating Margin stood at 30.66% in 2021, then skyrocketed by 113bps to 4.11% in 2022, then surged by 1968bps to 84.95% in 2023, then tumbled by -88bps to 10.55% in 2024, then crashed by -100bps to 0.02% in 2025.
  • The last three reported values for Operating Margin were 0.02% (Q4 2025), 10.55% (Q4 2024), and 81.51% (Q3 2024) per Business Quant data.