Nokia Oyj (Nokia Oyj) Gross Margin % : 47.89% (As of Mar. 2024)

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What is Nokia Oyj Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Nokia Oyj's Gross Profit for the three months ended in Mar. 2024 was $2,429 Mil. Nokia Oyj's Revenue for the three months ended in Mar. 2024 was $5,073 Mil. Therefore, Nokia Oyj's Gross Margin % for the quarter that ended in Mar. 2024 was 47.89%.

The historical rank and industry rank for Nokia Oyj's Gross Margin % or its related term are showing as below:

NOK' s Gross Margin % Range Over the Past 10 Years
Min: 35.44 Med: 39.26 Max: 44.56
Current: 41.43

During the past 13 years, the highest Gross Margin % of Nokia Oyj was 44.56%. The lowest was 35.44%. And the median was 39.26%.

NOK's Gross Margin % is ranked better than
79.49% of 2438 companies
in the Hardware industry
Industry Median: 24.5 vs NOK: 41.43

Nokia Oyj had a gross margin of 47.89% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Nokia Oyj was 2.30% per year.

Nokia Oyj Gross Margin % Historical Data

The historical data trend for Nokia Oyj's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nokia Oyj Gross Margin % Chart

Nokia Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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35.44

37.49

39.79

41.03

39.03

Nokia Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															37.48	38.18	38.66	41.81	47.89

Competitive Comparison of Nokia Oyj's Gross Margin %

For the Communication Equipment subindustry, Nokia Oyj's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nokia Oyj's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nokia Oyj's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Nokia Oyj's Gross Margin % falls into.

Nokia Oyj Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Nokia Oyj's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	9473.3	/	24272.628
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(24272.628 - 14799.346)	/	24272.628
	=	39.03 %

Nokia Oyj's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2429.3	/	5072.826
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(5072.826 - 2643.478)	/	5072.826
	=	47.89 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Nokia Oyj (NYSE:NOK) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Nokia Oyj had a gross margin of 47.89% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Nokia Oyj Gross Margin % Related Terms

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Nokia Oyj (Nokia Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nokia Oyj (NYSE:NOK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

NOKBF:USA NOKIA SEK:Sweden NOK N:Mexico NOKIA:Italy 0K8D:UK NOKIAh:UK 0HAF:UK NOKIA:France NOKIA:Finland NOA3:Germany NOAA:Germany NOA3:Germany NOA3:Germany NOAA:Germany NOA3:Germany NOKIA:Czech Republic NOKI34:Brazil NOKI:Austria NOK:Argentina

Address

Karakaari 7, Espoo, FIN, FI-02610

Website

http://www.nokia.com

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, followed closely by network infrastructure. 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 with 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.