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Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises, offering as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.
1865
78.4K+
LTM Revenue $20.9B
LTM EBITDA $3.5B
$21.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Nokia has a last 12-month revenue of $20.9B and a last 12-month EBITDA of $3.5B.
In the most recent fiscal year, Nokia achieved revenue of $20.6B and an EBITDA of $3.7B.
Nokia expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Nokia valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $23.9B | $20.6B | XXX | XXX | XXX |
| Gross Profit | $11.0B | $9.3B | XXX | XXX | XXX |
| Gross Margin | 46% | 45% | XXX | XXX | XXX |
| EBITDA | $3.2B | $3.7B | XXX | XXX | XXX |
| EBITDA Margin | 13% | 18% | XXX | XXX | XXX |
| Net Profit | $4.6B | $714M | XXX | XXX | XXX |
| Net Margin | 19% | 3% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Nokia's stock price is EUR 4 (or $5).
Nokia has current market cap of EUR 23.9B (or $25.6B), and EV of EUR 19.7B (or $21.2B).
See Nokia trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $21.2B | $25.6B | XXX | XXX | XXX | XXX | $0.39 |
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Sign UpAs of April 15, 2025, Nokia has market cap of $25.6B and EV of $21.2B.
Nokia's trades at 1.0x LTM EV/Revenue multiple, and 6.1x LTM EBITDA.
Analysts estimate Nokia's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Nokia and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $21.2B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 5.7x | XXX | XXX | XXX |
| P/E | 18.7x | XXX | XXX | XXX |
| P/E/Growth | 0.7x | XXX | XXX | XXX |
| EV/FCF | 9.8x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpNokia's NTM/LTM revenue growth is 5%
Nokia's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Nokia's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Nokia's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Nokia and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -14% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 22% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 23% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 38% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TKH Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Elsight | XXX | XXX | XXX | XXX | XXX | XXX |
| Intracom Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Thaicom | XXX | XXX | XXX | XXX | XXX | XXX |
| HFCL | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Nokia acquired XXX companies to date.
Last acquisition by Nokia was XXXXXXXX, XXXXX XXXXX XXXXXX . Nokia acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Nokia founded? | Nokia was founded in 1865. |
| Where is Nokia headquartered? | Nokia is headquartered in Finland. |
| How many employees does Nokia have? | As of today, Nokia has 78.4K+ employees. |
| Who is the CEO of Nokia? | Nokia's CEO is Mr. Pekka Lundmark. |
| Is Nokia publicy listed? | Yes, Nokia is a public company listed on HEL. |
| What is the stock symbol of Nokia? | Nokia trades under NOKIA ticker. |
| When did Nokia go public? | Nokia went public in 1981. |
| Who are competitors of Nokia? | Similar companies to Nokia include e.g. TKH Group, Elsight, Intracom Holdings, Thaicom. |
| What is the current market cap of Nokia? | Nokia's current market cap is $25.6B |
| What is the current revenue of Nokia? | Nokia's last 12-month revenue is $20.9B. |
| What is the current EBITDA of Nokia? | Nokia's last 12-month EBITDA is $3.5B. |
| What is the current EV/Revenue multiple of Nokia? | Current revenue multiple of Nokia is 1.0x. |
| What is the current EV/EBITDA multiple of Nokia? | Current EBITDA multiple of Nokia is 6.1x. |
| What is the current revenue growth of Nokia? | Nokia revenue growth between 2023 and 2024 was -14%. |
| Is Nokia profitable? | Yes, Nokia is EBITDA-positive (as of the last 12 months). |
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