Nokia Oyj (NOKIA) — Free Cash Flow Generation Index
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). See Nokia Oyj (NOKIA) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Nokia Oyj Free Cash Flow Generation Index (1996–2024)
Historical FCF Generation Index trend for Nokia Oyj across 27 annual periods. Explore Nokia Oyj (NOKIA) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
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 Nokia Oyj market capitalisation.
| 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 | — |