Nokia Corp ADR (NOK) — Free Cash Flow Generation Index
Nokia Corp ADR (NOK) has a Free Cash Flow Generation Index of 0.61x as of December 2025. Free cash flow of $225.29 Million represents 1% of operating cash flow ($370.36 Million). Explore Nokia Corp ADR capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Nokia Corp ADR Free Cash Flow Generation Index (1996–2025)
Historical FCF Generation Index trend for Nokia Corp ADR across 28 annual periods. For the full cash flow conversion analysis, see NOK cash flow metrics.
Annual Free Cash Flow Generation for Nokia Corp ADR (1996–2025)
Year-by-year Free Cash Flow Generation Index for Nokia Corp ADR. Check NOK cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.71x | $1.41 Billion | $1.99 Billion | $582.08 Million | ▼ -12.7% |
| 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 | — |