Nokia Oyj (NOKIA) — Free Cash Flow Generation Index
Latest as of September 2025:
0.72x
Nokia Oyj (NOKIA) has a Free Cash Flow Generation Index of 0.72x as of September 2025. Free cash flow of €429.00 Million represents 1% of operating cash flow (€597.00 Million). Read how much debt does Nokia Oyj carry for a breakdown of total debt and financial obligations.
FCF Generation Index
0.72x
Free Cash Flow / Operating CF
Free Cash Flow
€429.00 Million
EUR
Operating Cash Flow
€597.00 Million
EUR
Capital Expenditures
€168.00 Million
EUR
Nokia Oyj Free Cash Flow Generation Index (1996–2024)
Historical FCF Generation Index trend for Nokia Oyj across 27 annual periods. Explore Nokia Oyj capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Nokia Oyj (1996–2024)
Year-by-year Free Cash Flow Generation Index for Nokia Oyj. For the full company profile including market capitalisation, see market value of Nokia Oyj.
| Year | FCG Index | Free Cash Flow (EUR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.81x | €2.02 Billion | €2.49 Billion | €472.00 Million | ▲ +60.5% |
| 2023 | 0.50x | €665.00 Million | €1.32 Billion | €652.00 Million | ▼ -14.7% |
| 2022 | 0.59x | €873.00 Million | €1.47 Billion | €601.00 Million | ▼ -24.7% |
| 2021 | 0.79x | €2.07 Billion | €2.63 Billion | €560.00 Million | ▲ +8.1% |
| 2020 | 0.73x | €1.28 Billion | €1.76 Billion | €479.00 Million | ▲ +194.6% |
| 2019 | -0.77x | €-300.00 Million | €390.00 Million | €690.00 Million | ▲ +11.2% |
| 2018 | -0.87x | €-312.00 Million | €360.00 Million | €672.00 Million | ▼ -229.7% |
| 2017 | 0.67x | €1.21 Billion | €1.81 Billion | €601.00 Million | ▲ +75.6% |
| 2015 | 0.38x | €193.00 Million | €507.00 Million | €314.00 Million | ▼ -49.7% |
| 2014 | 0.76x | €964.00 Million | €1.27 Billion | €311.00 Million | ▲ +116.3% |
| 2013 | -4.65x | €-335.00 Million | €72.00 Million | €407.00 Million | ▼ -1079.7% |
| 2011 | 0.47x | €540.00 Million | €1.14 Billion | €597.00 Million | ▼ -44.6% |
| 2010 | 0.86x | €4.09 Billion | €4.77 Billion | €679.00 Million | ▲ +3.6% |
| 2009 | 0.83x | €2.69 Billion | €3.25 Billion | €558.00 Million | ▲ +21.6% |
| 2008 | 0.68x | €2.18 Billion | €3.20 Billion | €1.02 Billion | ▼ -23.4% |
| 2007 | 0.89x | €7.02 Billion | €7.89 Billion | €873.11 Million | ▲ +7.6% |
| 2006 | 0.83x | €3.70 Billion | €4.48 Billion | €776.63 Million | ▼ -3.2% |
| 2005 | 0.85x | €3.53 Billion | €4.14 Billion | €606.21 Million | ▼ -2.3% |
| 2004 | 0.87x | €3.79 Billion | €4.34 Billion | €547.36 Million | ▼ -4.8% |
| 2003 | 0.92x | €4.80 Billion | €5.24 Billion | €431.16 Million | ▼ -0.9% |
| 2002 | 0.93x | €5.39 Billion | €5.82 Billion | €432.65 Million | ▲ +10.1% |
| 2001 | 0.84x | €5.52 Billion | €6.56 Billion | €1.04 Billion | ▲ +53.0% |
| 2000 | 0.55x | €1.93 Billion | €3.52 Billion | €1.58 Billion | ▼ -5.3% |
| 1999 | 0.58x | €1.81 Billion | €3.11 Billion | €1.31 Billion | ▲ +15.2% |
| 1998 | 0.50x | €845.84 Million | €1.68 Billion | €833.05 Million | ▼ -19.0% |
| 1997 | 0.62x | €1.06 Billion | €1.71 Billion | €646.36 Million | ▼ -7.8% |
| 1996 | 0.67x | €968.98 Million | €1.44 Billion | €466.82 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).