Nokia vs Ericsson: revenue, margins and growth
The two Nordic telecom network equipment makers.
Below: each company's latest quarter against the same quarter a year earlier, and its valuation at the latest close. For the rest (segments, risks, five-year trends), connect Clarifo to ChatGPT and ask: every answer cites the filing it came from.
Nokia and Ericsson: latest quarter
Each company's latest reported quarter against the same quarter a year earlier, in its reporting currency. Quarters are the companies' own fiscal quarters. Growth and margins are computed from the reported figures.
| Metric | NokiaQ3/2026 | EricssonQ3/2026 |
|---|---|---|
| Revenue | – | 59.5+5.8% |
| Operating profit (EBIT) | – | 8.9-41.5% |
| Operating margin | – | 14.9%-12.0 pp |
| Net profit | – | 5.8-48.7% |
| Earnings per share | – | 1.77-47.0% |
Amounts in SEK billions; earnings per share in the same currency. The smaller line is the change from the same quarter a year earlier (pp = percentage points).
Nokia vs Ericsson valuation
Market value at the latest stored closing price. Multiples use the latest full fiscal year's earnings, revenue and cash flow; enterprise value adds net debt to market capitalisation. A dash means not available or not meaningful (for example a loss).
| Measure | NokiaClose 2026-10-29 | EricssonClose 2026-10-29 |
|---|---|---|
| Share price | 8.36 | 109.15 |
| Market capitalisation | 46.8 | 353.7 |
| P/E | 70.9 | 12.3 |
| EV/EBIT | 50.6 | 9.7 |
| EV/EBITDA | 22.3 | – |
| P/S | 2.4 | 1.5 |
Market capitalisation in billions of each company's reporting currency (Nokia: EUR, Ericsson: SEK); share price in the same currency. Multiples are times earnings, EBIT, EBITDA or revenue of the latest full fiscal year (Nokia FY 2025, Ericsson FY 2025).
Compare Nokia and Ericsson in ChatGPT
With the Clarifo app connected, ChatGPT answers from the filings and links each figure to its source page. Open a question, or copy it into any assistant that has Clarifo.
- Revenue and margins
Compare Nokia and Ericsson revenue and operating margin over the last five fiscal years. Show the figures from each annual report.
- Segments
Which business segments drive Nokia's and Ericsson's revenue, and how fast did each grow in the latest fiscal year? Use the segment notes.
- Cash flow
Compare Nokia and Ericsson operating cash flow, capital expenditure and free cash flow for the latest fiscal year. Cite the cash flow statements.
- Risks
Which risk factors does Nokia list in its latest annual report that Ericsson does not, and the other way round? Quote the sections.
Each company in detail
Nokia
Ericsson
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