AAPL vs. NOK: Apple vs. Nokia Stock Comparison

November 11, 2026

How do Apple (AAPL) and Nokia (NOK) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Apple (AAPL) and Nokia (NOK) both fall under the Technology Hardware & Equipment industry group, but AAPL is classified in Technology Hardware, Storage & Peripherals while NOK is classified in Communications Equipment.

Apple (AAPL) trades as ordinary local shares, while Nokia (NOK) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Apple (AAPL) and Nokia (NOK)
Profile Item	AAPL	NOK
Name	Apple Inc.	Nokia Corporation Sponsored ADR
Country/Region	United States	Finland
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Technology Hardware, Storage & Peripherals	Communications Equipment
GICS Sub-Industry	Technology Hardware, Storage & Peripherals	Communications Equipment
Market Capitalization	4,975.38 billion USD	43.35 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	December 12, 1980	July 1, 1994
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

AAPL

NOK

GSPC

Apple (AAPL) vs. Nokia (NOK), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Apple (AAPL) and Nokia (NOK). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Apple (AAPL) and Nokia (NOK). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Apple (AAPL) and Nokia (NOK)
Metric	AAPL	NOK
Total Return (1Y)	31.02%	19.81%
Total Return (3Y, Annualized)	24.87%	36.27%
Total Return (5Y, Annualized)	18.93%	9.52%

Risk Profile

Drawdown History

AAPL

NOK

GSPC

Apple (AAPL) vs. Nokia (NOK), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Apple (AAPL) and Nokia (NOK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Apple (AAPL) and Nokia (NOK)
Metric	AAPL	NOK
Volatility (1Y, Annualized)	24.99%	62.40%
Beta (5Y)	1.08	1.24
Max Drawdown (5Y)	-33.36%	-55.73%
Avg. Volume (3M)	42.44M	77.91M

Risk-Adjusted Performance

Risk-Return Positioning

AAPL and NOK are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Apple (AAPL) and Nokia (NOK)
Metric	AAPL	NOK
Sharpe Ratio (1Y)	1.07	0.25
Sortino Ratio (1Y)	1.58	0.35

Profitability

ROE (TTM)

Apple (AAPL) at 142.26% clears its industry range for ROE, a sharper capital-efficiency signal than Nokia (NOK) at 3.88%, which is closer to a typical peer reading.

AAPL

Technology Hardware & Equipment industry group

142.26%

AAPL: 142.26%
Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

NOK

Technology Hardware & Equipment industry group

3.88%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
NOK: 3.88%
Q1: 1.63%
Min: -20.62%

Apple (AAPL) vs. Nokia (NOK): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Apple (AAPL) at 27.60% retains a top-quartile share of revenue as profit, ahead of Nokia (NOK) at 3.75%, which keeps about the industry-typical share.

AAPL

Technology Hardware & Equipment industry group

27.60%

AAPL: 27.60%
Max: 27.60%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

NOK

Technology Hardware & Equipment industry group

3.75%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
NOK: 3.75%
Q1: 0.00%
Min: -11.02%

Apple (AAPL) vs. Nokia (NOK): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Apple (AAPL) at 31.13% operates in the top operating margin quartile, ahead of Nokia (NOK) at 10.81%, which runs around its industry’s norm.

AAPL

Technology Hardware & Equipment industry group

31.13%

Max: 36.27%
AAPL: 31.13%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

NOK

Technology Hardware & Equipment industry group

10.81%

Max: 36.27%
Q3: 18.36%
NOK: 10.81%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Apple (AAPL) vs. Nokia (NOK): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Apple (AAPL) and Nokia (NOK)
Metric	AAPL	NOK
ROE (TTM)	142.26%	3.88%
ROA (TTM)	25.87%	3.49%
Net Margin (TTM)	27.60%	3.75%
Operating Margin (TTM)	31.13%	10.81%
Gross Margin (TTM)	48.79%	45.43%

Growth

Revenue Growth

Both Apple (AAPL) at 15.06% and Nokia (NOK) at 3.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Apple (AAPL) vs. Nokia (NOK): A comparison of their Revenue Growth across different time periods.

EPS Growth

Apple (AAPL) at 20.38% is around its peer norm for EPS growth, while Nokia (NOK) at -47.83% drops into the bottom quartile, signaling weaker earnings momentum.

Apple (AAPL) vs. Nokia (NOK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Apple (AAPL) and Nokia (NOK)
Metric	AAPL	NOK
Revenue Growth (YoY)	15.06%	3.48%
Revenue Growth (3Y CAGR)	7.70%	-5.76%
EPS Growth (YoY)	20.38%	-47.83%
EPS Growth (3Y CAGR)	13.57%	-45.71%

Financial Strength

Current Ratio (MRQ)

Nokia (NOK) at 1.46 keeps current ratio within its industry’s typical mid-range, while Apple (AAPL) at 1.02 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for AAPL.

AAPL

Technology Hardware & Equipment industry group

1.02

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
AAPL: 1.02
Min: 0.17

NOK

Technology Hardware & Equipment industry group

1.46

Max: 5.34
Q3: 3.02
Median: 1.95
NOK: 1.46
Q1: 1.32
Min: 0.17

Apple (AAPL) vs. Nokia (NOK): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Nokia (NOK) at 0.16 carries an industry-typical debt-to-equity mix, while Apple (AAPL) at 0.84 uses more debt funding than most peers.

AAPL

Technology Hardware & Equipment industry group

0.84

Max: 1.76
AAPL: 0.84
Q3: 0.78
Median: 0.24
Q1: 0.04
Min: 0.01

NOK

Technology Hardware & Equipment industry group

0.16

Max: 1.76
Q3: 0.78
Median: 0.24
NOK: 0.16
Q1: 0.04
Min: 0.01

Apple (AAPL) vs. Nokia (NOK): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Apple (AAPL) and Nokia (NOK)
Metric	AAPL	NOK
Current Ratio (MRQ)	1.02	1.46
Debt / Equity (MRQ)	0.84	0.16
Net Debt / EBITDA	0.22	-0.59

Dividends

Dividend Yield (TTM)

Apple (AAPL) at 0.31% pays an industry-typical yield; Nokia (NOK) at 1.88% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.

AAPL

Technology Hardware & Equipment industry group

0.31%

Max: 0.73%
Q3: 0.31%
AAPL: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NOK

Technology Hardware & Equipment industry group

1.88%

NOK: 1.88%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Apple (AAPL) vs. Nokia (NOK): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Nokia (NOK) reports payout ratio above 100% at 100.17%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Apple (AAPL) reports 11.80%, ranking against industry peers normally.

AAPL

Technology Hardware & Equipment industry group

11.80%

Max: 32.27%
Q3: 14.48%
AAPL: 11.80%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NOK

Technology Hardware & Equipment industry group

100.17%

NOK: 100.17%
Max: 32.27%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Apple (AAPL) vs. Nokia (NOK): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Apple (AAPL) and Nokia (NOK)
Metric	AAPL	NOK
Dividend Yield (TTM)	0.31%	1.88%
Dividend Payout Ratio (TTM)	11.80%	100.17%

Valuation

P/E Ratio (TTM)

Apple (AAPL) at 38.13 is near its industry’s usual P/E ratio, while Nokia (NOK) at 47.88 sits in the richer quartile — NOK needs stronger growth or earnings quality to justify the premium.

AAPL

Technology Hardware & Equipment industry group

38.13

Max: 69.48
Q3: 41.02
AAPL: 38.13
Median: 26.39
Q1: 19.36
Min: 6.07

NOK

Technology Hardware & Equipment industry group

47.88

Max: 69.48
NOK: 47.88
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

Apple (AAPL) vs. Nokia (NOK): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Nokia (NOK) at 2.08 is priced about in line with its industry on P/S ratio, while Apple (AAPL) at 10.39 sits in the pricier quartile — AAPL costs more per dollar of sales.

AAPL

Technology Hardware & Equipment industry group

10.39

Max: 11.30
AAPL: 10.39
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

NOK

Technology Hardware & Equipment industry group

2.08

Max: 11.30
Q3: 5.82
Median: 2.56
NOK: 2.08
Q1: 1.05
Min: 0.00

Apple (AAPL) vs. Nokia (NOK): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

Nokia (NOK) at 1.82 sits near its industry’s typical P/B ratio, while Apple (AAPL) at 44.39 prices above its benchmark range — AAPL looks rich relative to book.

AAPL

Technology Hardware & Equipment industry group

44.39

AAPL: 44.39
Max: 10.75
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

NOK

Technology Hardware & Equipment industry group

1.82

Max: 10.75
Q3: 5.52
Median: 3.17
NOK: 1.82
Q1: 1.79
Min: 0.33

Apple (AAPL) vs. Nokia (NOK): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Apple (AAPL) and Nokia (NOK)
Metric	AAPL	NOK
P/E Ratio (TTM)	38.13	47.88
P/S Ratio (TTM)	10.39	2.08
P/B Ratio (MRQ)	44.39	1.82
Free Cash Flow Yield (TTM)	2.12%	2.98%