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Nokia (NOK) Return on Capital Employed (2016 - 2025)

Nokia has reported Return on Capital Employed over the past 16 years, most recently at 7.11% for Q4 2025.

  • For Q4 2025, Return on Capital Employed changed N/A year-over-year to 7.11%; the TTM value through Dec 2025 reached 7.11%, changed N/A, while the annual FY2025 figure was 3.24%, 373.0% down from the prior year.
  • Return on Capital Employed was 7.11% for Q4 2025 at Nokia, down from 20.75% in the prior quarter.
  • Across five years, Return on Capital Employed topped out at 21.84% in Q4 2022 and bottomed at 5.0% in Q1 2021.
  • The 4-year median for Return on Capital Employed is 12.94% (2021), against an average of 13.43%.
  • The widest YoY moves for Return on Capital Employed: up 1267bps in 2021, down -326bps in 2021.
  • Over 4 years, Return on Capital Employed stood at 15.88% in 2021, then skyrocketed by 38bps to 21.84% in 2022, then fell by -5bps to 20.75% in 2023, then crashed by -66bps to 7.11% in 2025.
  • The last three reported values for Return on Capital Employed were 7.11% (Q4 2025), 20.75% (Q2 2023), and 21.84% (Q4 2022) per Business Quant data.