Gross margin
43.5% Fiscal year 2025
Rank 38 of 100: higher than 38% of 153 peers (All). medium.
Rank 31 of 100: higher than 31% of 57 peers (Sector). weak.
Median Technology: 56.1%
Share of revenue left after the direct cost of the products sold.
About the company
Nokia, from Finland, supplies technology for mobile and fixed networks, such as 5G antennas and fiber and routing equipment, to network operators and businesses. It also earns revenue from patent licenses. Traded here as a US depositary receipt. As of Oct 16, 2026
Fact sheet (from the annual report) Radio and TV equipment · Espoo Finland, Finland
Nokia supplies network technology to telecommunications providers, cloud customers, enterprises with mission-critical applications and the public sector, among others. In network infrastructure it offers optical transport technology, routers and fiber technology for homes. For mobile networks it supplies radio access networks (RAN) and microwave radio to network operators and to customers with mission-critical applications, including defense and government bodies. Another area sells core network software to telecommunications providers, for example for voice, packet data and subscriber data. Nokia also earns money by licensing patents to makers of mobile devices, consumer electronics and vehicles. According to the company, with the acquisition of Infinera Nokia has expanded its optical business in North America and with large cloud providers.
Automatically summarized from SEC annual report (20-F, filed Mar 5, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 19, 2026
Price performance at a glance
Last 30 trading days
- Today +2.9%
- 7 days −1.4%
- 30 days −14.4%
- 1 year +39.8%
Day range (last trading day)
−2.7%Price at 77% of the range+0.8%
52-week range
−34.1%Price at 26% of the range+96.3%
- Distance from the all-time high
- −49.1%
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Gap with volume · Analysis method
This method currently detects no pattern for NOK. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What does the pattern show?
What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.
This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and marginNokia (ADR) · Sector Technology · amounts in EUR
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Mar 5, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
Quality
Profitability, consistency, balance sheet · 2 without data
3 of 6 criteria met
Growth
Revenue and earnings per share · 1 without data
1 of 6 criteria met
Dividend
Level, consistency, coverage · 7 without data
no criteria with data
Financial strength
Piotroski, debt, liquidity · 1 without data
4 of 5 criteria met
Quality 3 of 6 met · 2 without data
- met: Gross margin above 40% 43.5%
- not met: Operating margin above 15% 4.4%
- not met: Net margin above 10% 3.3%
- not met: Return on equity above 15% 3.1%
- no data: Free cash flow margin above 10% not stated in the SEC filings
- met: Profit in each of the last 5 fiscal years 5 of 5
- no data: Free cash flow positive in each of the last 3 fiscal years not stated in the SEC filings
- met: Equity ratio above 30% 55.8%
Operating margin
4.4% Fiscal year 2025
Rank 28 of 100: higher than 28% of 192 peers (All). weak.
Rank 38 of 100: higher than 38% of 60 peers (Sector). medium.
Median Technology: 14.2%
Operating income divided by revenue: what the core business earns before interest and taxes.
Net margin
3.3% Fiscal year 2025
Rank 23 of 100: higher than 23% of 237 peers (All). weak.
Rank 37 of 100: higher than 37% of 63 peers (Sector). medium.
Median Technology: 12.5%
Profit after all costs, interest and taxes divided by revenue.
Return on equity
3.1% Fiscal year 2025
Rank 19 of 100: higher than 19% of 218 peers (All). weak.
Rank 39 of 100: higher than 39% of 61 peers (Sector). medium.
Median Technology: 13.5%
Net income divided by equity at fiscal year end.
Return on assets
1.7% Fiscal year 2025 (total assets at year end)
Rank 26 of 100: higher than 26% of 238 peers (All). weak.
Rank 39 of 100: higher than 39% of 63 peers (Sector). medium.
Median Technology: 5.9%
Net income divided by total assets at fiscal year end.
Equity ratio
55.8% Fiscal year 2025
Rank 76 of 100: higher than 76% of 239 peers (All). strong.
Rank 58 of 100: higher than 58% of 63 peers (Sector). medium.
Median Technology: 51.6%
Equity as a share of total assets. Usually low for banks.
Growth 1 of 6 met · 1 without data
- not met: Over 3 years, revenue grew by more than 5% per year −7.2%
- not met: Over 5 years, revenue grew by more than 5% per year −1.9%
- not met: Over 10 years, revenue grew by more than 5% per year +4.7%
- not met: Over 3 years, EPS grew by more than 5% per year −45.7%
- no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
- not met: Revenue rose in at least 4 of the last 5 fiscal years 3 of 5
- met: Revenue rose in the last fiscal year +3.5%
Revenue growth 3 years
−7.2% per year
Rank 8 of 100: higher than 8% of 230 peers (All). weak.
Rank 6 of 100: higher than 6% of 59 peers (Sector). weak.
Median Technology: +14.3%
Average growth per year over 3 fiscal years.
Revenue growth 5 years
−1.9% per year
Rank 3 of 100: higher than 3% of 217 peers (All). weak.
Rank 5 of 100: higher than 5% of 54 peers (Sector). weak.
Median Technology: +14.5%
Average growth per year over 5 fiscal years.
Revenue growth 10 years
+4.7% per year
Rank 34 of 100: higher than 34% of 157 peers (All). medium.
Rank 20 of 100: higher than 20% of 37 peers (Sector). weak.
Median Technology: +12.4%
Average growth per year over 10 fiscal years.
EPS growth 3 years
−45.7% per year
Rank 1 of 100: higher than 1% of 157 peers (All). weak.
Rank 2 of 100: higher than 2% of 32 peers (Sector). weak.
Median Technology: +19.2%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
−15.3% per year
Rank 0 of 100: higher than 0% of 140 peers (All). weak.
Rank 2 of 100: higher than 2% of 27 peers (Sector). weak.
Median Technology: +17.5%
Growth of earnings per share per year, adjusted for stock splits.
Dividend no criteria with data · 7 without data
- no data: Pays a dividend 20-F filer without dividend per share
- no data: Payout ratio at most 60% of earnings 20-F filer without dividend per share
- no data: Dividend paid in each of the last 5 fiscal years 20-F filer without dividend per share
- no data: Dividend per share never lowered in the last 5 fiscal years 20-F filer without dividend per share
- no data: Dividend per share higher than 5 years ago 20-F filer without dividend per share
- no data: Free cash flow per share covers the dividend 20-F filer without dividend per share
- no data: Dividends paid over the last 5 years covered by free cash flow 20-F filer without dividend per share
Financial strength 4 of 5 met · 1 without data
- not met: Piotroski F-Score at least 7 of 9 6 of 9
- met: Long-term debt no higher than equity 0.16
- met: Current assets cover current liabilities 1.58
- met: Positive equity 21.0B EUR
- met: In 5 years, share count up by at most 5% −2.4%
- no data: Free cash flow positive in the last fiscal year capital expenditure or operating cash flow not reported
Piotroski F-Score
6 of 9 Fiscal year 2025
Rank 45 of 100: higher than 45% of 134 peers (All). medium.
Rank 43 of 100: higher than 43% of 44 peers (Sector). medium.
Median Technology: 6.0 of 9
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
0.16 at fiscal year end
Rank 83 of 100: lower than 83% of 199 peers (All). strong.
Rank 75 of 100: lower than 75% of 54 peers (Sector). strong.
Median Technology: 0.41
Long-term financial debt divided by equity.
Liquidity (current ratio)
1.58 at fiscal year end
Rank 57 of 100: higher than 57% of 215 peers (All). medium.
Rank 34 of 100: higher than 34% of 63 peers (Sector). medium.
Median Technology: 2.02
Current assets divided by current liabilities.
Change in share count
−2.4% in 5 years
Rank 54 of 100: lower than 54% of 199 peers (All). medium.
Rank 68 of 100: lower than 68% of 51 peers (Sector). strong.
Median Technology: +2.8%
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
- met: Profit in the last fiscal year (positive return on assets)
- met: Positive operating cash flow
- not met: Return on assets higher than the prior year
- met: Operating cash flow higher than net income
- met: Long-term debt relative to total assets fell
- not met: Liquidity (current assets / current liabilities) rose
- met: No additional shares (diluted share count did not rise)
- not met: Gross margin higher than the prior year
- met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
20-F filer (foreign company): amounts in the reporting currency, no price-based criteria.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
- Light red: Revenue shrank over 5 years (−1.9% per year).
- Light yellow: Net margin 3.3%, below the sector median (12.5%).
- Light green: Debt not higher than usual in the sector.
- Light red: Profit in 6 of 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 23.6B EUR · Net income −766.0M EUR · Net margin −3.2%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 23.1B EUR · Net income −1.5B EUR · Net margin −6.5%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 22.6B EUR · Net income −340.0M EUR · Net margin −1.5%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 23.3B EUR · Net income 7.0M EUR · Net margin 0.0%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 21.9B EUR · Net income −2.5B EUR · Net margin −11.5%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 22.2B EUR · Net income 1.6B EUR · Net margin 7.3%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 24.9B EUR · Net income 4.3B EUR · Net margin 17.1%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 22.3B EUR · Net income 665.0M EUR · Net margin 3.0%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 19.2B EUR · Net income 1.3B EUR · Net margin 6.6%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 19.9B EUR · Net income 651.0M EUR · Net margin 3.3%
No quarterly figures reported (companies filing a 20-F annual report usually report only once a year).
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share −0.13 EUR
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share −0.26 EUR
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share −0.06 EUR
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 0.00 EUR
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share −0.45 EUR
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 0.29 EUR
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 0.75 EUR
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 0.12 EUR
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 0.23 EUR
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 0.12 EUR
No quarterly figures reported (companies filing a 20-F annual report usually report only once a year).
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 0.17 EUR · Payout ratio not available
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 0.19 EUR · Payout ratio not available
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 0.19 EUR · Payout ratio not available
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 0.10 EUR · Payout ratio not available
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share not available · Payout ratio not available
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share not available · Payout ratio not available
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share not available · Payout ratio not available
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share not available · Payout ratio not available
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share not available · Payout ratio not available
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share not available · Payout ratio not available
No quarterly figures reported (companies filing a 20-F annual report usually report only once a year).
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 19.9B EUR · Net income 651.0M EUR · Net margin 3.3%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 EUR of revenue, 43.5 EUR gross profit, 4.4 EUR operating income and 3.3 EUR net income remained.
Money flow as a table
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 19.9B EUR | 100.0% |
| Gross profit | 8.7B EUR | 43.5% |
| Cost of revenue | 11.2B EUR | 56.5% |
| Operating income | 885.0M EUR | 4.4% |
| Research & development | 4.9B EUR | 24.4% |
| Other operating expenses | 2.9B EUR | 14.7% |
| Net income | 651.0M EUR | 3.3% |
| Taxes, interest & other (net) | 234.0M EUR | 1.2% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The operating margin stayed roughly the same in 5 years (4.4%).
Gross marginOperating marginNet margin- Fiscal year 2016: Gross margin 36.1% · Operating margin −4.7% · Net margin −3.2%
- Fiscal year 2017: Gross margin 39.5% · Operating margin 0.1% · Net margin −6.5%
- Fiscal year 2018: Gross margin 37.4% · Operating margin −0.3% · Net margin −1.5%
- Fiscal year 2019: Gross margin 35.7% · Operating margin 2.1% · Net margin 0.0%
- Fiscal year 2020: Gross margin 37.5% · Operating margin 4.0% · Net margin −11.5%
- Fiscal year 2021: Gross margin 39.8% · Operating margin 9.7% · Net margin 7.3%
- Fiscal year 2022: Gross margin 41.0% · Operating margin 9.3% · Net margin 17.1%
- Fiscal year 2023: Gross margin 39.0% · Operating margin 7.6% · Net margin 3.0%
- Fiscal year 2024: Gross margin 46.1% · Operating margin 10.4% · Net margin 6.6%
- Fiscal year 2025: Gross margin 43.5% · Operating margin 4.4% · Net margin 3.3%
Returns
Return on equity rose in 5 years from −20.2% to 3.1%.
Return on equityReturn on assets- Fiscal year 2016: Return on equity −3.8% · Return on assets −1.7%
- Fiscal year 2017: Return on equity −9.3% · Return on assets −3.6%
- Fiscal year 2018: Return on equity −2.2% · Return on assets −0.9%
- Fiscal year 2019: Return on equity 0.0% · Return on assets 0.0%
- Fiscal year 2020: Return on equity −20.2% · Return on assets −7.0%
- Fiscal year 2021: Return on equity 9.3% · Return on assets 4.1%
- Fiscal year 2022: Return on equity 19.9% · Return on assets 9.9%
- Fiscal year 2023: Return on equity 3.2% · Return on assets 1.7%
- Fiscal year 2024: Return on equity 6.2% · Return on assets 3.3%
- Fiscal year 2025: Return on equity 3.1% · Return on assets 1.7%
Equity and long-term debt
The equity ratio rose in 5 years from 34.4% to 55.8%.
EquityLong-term debt in EUR Long-term debt, depending on the filing, includes the current portion or leases.- Fiscal year 2016: Equity 20.1B EUR · Long-term debt 4.0B EUR
- Fiscal year 2017: Equity 16.1B EUR · Long-term debt 3.8B EUR
- Fiscal year 2018: Equity 15.3B EUR · Long-term debt 3.8B EUR
- Fiscal year 2019: Equity 15.3B EUR · Long-term debt 4.3B EUR
- Fiscal year 2020: Equity 12.5B EUR · Long-term debt 5.6B EUR
- Fiscal year 2021: Equity 17.4B EUR · Long-term debt 4.7B EUR
- Fiscal year 2022: Equity 21.3B EUR · Long-term debt 4.5B EUR
- Fiscal year 2023: Equity 20.5B EUR · Long-term debt 4.2B EUR
- Fiscal year 2024: Equity 20.7B EUR · Long-term debt 3.9B EUR
- Fiscal year 2025: Equity 21.0B EUR · Long-term debt 3.4B EUR
Liquidity (current ratio)
The current ratio stayed roughly the same in 5 years (1.58).
Current ratio- Fiscal year 2016: Current ratio 1.64
- Fiscal year 2017: Current ratio 1.56
- Fiscal year 2018: Current ratio 1.30
- Fiscal year 2019: Current ratio 1.39
- Fiscal year 2020: Current ratio 1.55
- Fiscal year 2021: Current ratio 1.62
- Fiscal year 2022: Current ratio 1.59
- Fiscal year 2023: Current ratio not available
- Fiscal year 2024: Current ratio 1.58
- Fiscal year 2025: Current ratio 1.58
Cash flow
Operating cash flow rose in 5 years from 1.8B EUR to 2.1B EUR.
Operating cash flow in EUR- Fiscal year 2016: Operating cash flow −1.5B EUR
- Fiscal year 2017: Operating cash flow 1.8B EUR
- Fiscal year 2018: Operating cash flow 360.0M EUR
- Fiscal year 2019: Operating cash flow 390.0M EUR
- Fiscal year 2020: Operating cash flow 1.8B EUR
- Fiscal year 2021: Operating cash flow 2.6B EUR
- Fiscal year 2022: Operating cash flow 1.5B EUR
- Fiscal year 2023: Operating cash flow 1.3B EUR
- Fiscal year 2024: Operating cash flow 2.5B EUR
- Fiscal year 2025: Operating cash flow 2.1B EUR
Share count
The share count fell in 5 years by 2.4% (mostly through share repurchases).
Average share count- Fiscal year 2016: Average share count 5.7B
- Fiscal year 2017: Average share count 5.7B
- Fiscal year 2018: Average share count 5.6B
- Fiscal year 2019: Average share count 5.6B
- Fiscal year 2020: Average share count 5.6B
- Fiscal year 2021: Average share count 5.7B
- Fiscal year 2022: Average share count 5.7B
- Fiscal year 2023: Average share count 5.6B
- Fiscal year 2024: Average share count 5.5B
- Fiscal year 2025: Average share count 5.5B
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
- Dividend per share
- none last reported for fiscal year 2019
- To shareholders (5 years)
- 1.9B EUR 100% through repurchases
- Share count over 5 years
- −2.4% fewer shares – each share is a larger stake
Dividend per share
No dividend reported since fiscal year 2020.
Dividend per share EUR per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.- Fiscal year 2016: Dividend per share 0.17 EUR
- Fiscal year 2017: Dividend per share 0.19 EUR
- Fiscal year 2018: Dividend per share 0.19 EUR
- Fiscal year 2019: Dividend per share 0.10 EUR
- Fiscal year 2020: Dividend per share not available
- Fiscal year 2021: Dividend per share not available
- Fiscal year 2022: Dividend per share not available
- Fiscal year 2023: Dividend per share not available
- Fiscal year 2024: Dividend per share not available
- Fiscal year 2025: Dividend per share not available
What goes back to shareholders
Over 5 years, 1.9B EUR went back to shareholders, 100% of it through share repurchases.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in EUR- Fiscal year 2016: Dividends paid 1.5B EUR · Share repurchases 216.0M EUR · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2017: Dividends paid 970.0M EUR · Share repurchases 785.0M EUR · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2018: Dividends paid 1.1B EUR · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2019: Dividends paid 570.0M EUR · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2020: Dividends paid not available · Share repurchases not available · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2021: Dividends paid not available · Share repurchases 0.0 EUR · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2022: Dividends paid not available · Share repurchases 300.0M EUR · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2023: Dividends paid not available · Share repurchases 300.0M EUR · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2024: Dividends paid not available · Share repurchases 680.0M EUR · New shares issued (including employee plans) not available · Free cash flow not available
- Fiscal year 2025: Dividends paid not available · Share repurchases 624.0M EUR · New shares issued (including employee plans) not available · Free cash flow not available
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
20-F filer or other currency: earnings per share and share count do not reliably match the price of the US listing (ADR) – so there is no price-based valuation here.
Sector comparison
Nokia (ADR) next to the 8 stocks with the highest revenue in the sector Technology we cover (revenue in another currency – selection by closeness not possible). Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| NOK Nokia (ADR) this stock | 19.9B EUR | −1.9% | 43.5% | 4.4% | 3.3% | 3.1% | 55.8% | – | 6/9 |
| AAPL Apple Inc. | 416.2B USD | +8.7% | 46.9% | 32.0% | 26.9% | 151.9% | 20.5% | 23.7% | 8/9 |
| ACN Accenture | 74.2B USD | +8.0% | 32.0% | 15.4% | 11.3% | 26.5% | 42.9% | 15.7% | 6/9 |
| DELL Dell Technologies | 113.5B USD | +3.8% | 20.0% | 7.2% | 5.2% | – | −2.4% | 7.5% | 7/9 |
| IBM IBM | 67.5B USD | −1.7% | 58.2% | – | 15.7% | 32.4% | 21.5% | 17.9% | 7/9 |
| MSFT Microsoft | 331.8B USD | +14.6% | 67.9% | 46.8% | 40.3% | 30.2% | 58.3% | 20.2% | 6/9 |
| MU Micron Technology | 133.2B USD | +36.9% | 80.7% | 74.6% | 63.8% | 61.4% | 70.6% | 44.3% | 8/9 |
| NVDA Nvidia | 215.9B USD | +66.9% | 71.1% | 60.4% | 55.6% | 76.3% | 76.1% | 44.8% | 4/9 |
| ORCL Oracle Corporation | 67.4B USD | +10.7% | – | 30.6% | 25.4% | 40.2% | 16.2% | −35.2% | – |
| Median of the sector 63 symbols | – | +14.5% | 56.1% | 14.2% | 12.5% | 13.5% | 51.6% | 19.0% | 6/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth−1.9% per year, last 5 years
Sector Technology: median +13.5% (88 symbols)
What does this mean? Revenue: over 5 years it fell by 1.9% per year on average. The median company in the sector reached +13.5% per year.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth– per year, last 5 years
Sector Technology: median +13.3% (62 symbols)
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin3.3% last fiscal year
Sector Technology: median 12.5% (97 symbols)
What does this mean? Of every 100 EUR in revenue, 3.27 EUR remained as profit – less than the median company in the sector (12.5%). Five years ago the margin was −11.5%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth0.16 latest balance sheet
Sector Technology: median 0.45 (79 symbols)
What does this mean? For every 1 EUR of equity there is 0.16 EUR of financial debt – no more than the median company in the sector (0.45). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth– Dividend / earnings per share
Sector Technology: median 30% (36 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin6 of 10 fiscal years with a profit
What does this mean? In 6 of the last 10 fiscal years the bottom line showed a profit. 4 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
All figures as a table
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 19.9B | 651.0M | 3.3% | 0.12 | – | – |
| 2024 | Dec 31, 2024 | 19.2B | 1.3B | 6.6% | 0.23 | – | – |
| 2023 | Dec 31, 2023 | 22.3B | 665.0M | 3.0% | 0.12 | – | – |
| 2022 | Dec 31, 2022 | 24.9B | 4.3B | 17.1% | 0.75 | – | – |
| 2021 | Dec 31, 2021 | 22.2B | 1.6B | 7.3% | 0.29 | – | – |
| 2020 | Dec 31, 2020 | 21.9B | −2.5B | −11.5% | −0.45 | – | – |
| 2019 | Dec 31, 2019 | 23.3B | 7.0M | 0.0% | 0.00 | 0.10 | – |
| 2018 | Dec 31, 2018 | 22.6B | −340.0M | −1.5% | −0.06 | 0.19 | – |
| 2017 | Dec 31, 2017 | 23.1B | −1.5B | −6.5% | −0.26 | 0.19 | – |
| 2016 | Dec 31, 2016 | 23.6B | −766.0M | −3.2% | −0.13 | 0.17 | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: GlossaryIn the last 12 months, insiders of this stock have not acquired or disposed of shares on the market (SEC Form 4).
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score -35
Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows-10
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)24.9
Rel. strength 60 d−6.0%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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