CLS vs. NOK: Celestica vs. Nokia Stock Comparison

November 11, 2026

How do Celestica (CLS) 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

Celestica (CLS) and Nokia (NOK) both fall under the Technology Hardware & Equipment industry group, but CLS is classified in Electronic Equipment, Instruments & Components while NOK is classified in Communications Equipment.

Celestica (CLS) 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 Celestica (CLS) and Nokia (NOK)
Profile Item	CLS	NOK
Name	Celestica Inc.	Nokia Corporation Sponsored ADR
Country/Region	Canada	Finland
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Electronic Equipment, Instruments & Components	Communications Equipment
GICS Sub-Industry	Electronic Manufacturing Services	Communications Equipment
Market Capitalization	26.06 billion USD	43.35 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 30, 1998	July 1, 1994
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

CLS

NOK

GSPC

Celestica (CLS) 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 Celestica (CLS) and Nokia (NOK). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Celestica (CLS) and Nokia (NOK)
Metric	CLS	NOK
Total Return (1Y)	-30.98%	19.81%
Total Return (3Y, Annualized)	108.72%	36.27%
Total Return (5Y, Annualized)	80.82%	9.52%

Risk Profile

Drawdown History

CLS

NOK

GSPC

Celestica (CLS) 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 Celestica (CLS) and Nokia (NOK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Celestica (CLS) carries a highly aggressive beta of 2.16, indicating much higher sensitivity to broad-market moves, whereas Nokia (NOK) is closer to market-like at 1.24 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for Celestica (CLS) and Nokia (NOK)
Metric	CLS	NOK
Volatility (1Y, Annualized)	80.89%	62.40%
Beta (5Y)	2.16	1.24
Max Drawdown (5Y)	-56.47%	-55.73%
Avg. Volume (3M)	2.61M	77.91M

Risk-Adjusted Performance

Risk-Return Positioning

CLS 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 Celestica (CLS) and Nokia (NOK)
Metric	CLS	NOK
Sharpe Ratio (1Y)	-0.44	0.25
Sortino Ratio (1Y)	-0.59	0.35

Profitability

ROE (TTM)

Celestica (CLS) at 30.23% sits in the top ROE quartile, while Nokia (NOK) at 3.88% is closer to the peer norm — stronger capital efficiency for CLS.

CLS

Technology Hardware & Equipment industry group

30.23%

Max: 42.47%
CLS: 30.23%
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%

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

Net Margin (TTM)

Both Celestica (CLS) at 6.83% and Nokia (NOK) at 3.75% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CLS

Technology Hardware & Equipment industry group

6.83%

Max: 27.60%
Q3: 11.66%
CLS: 6.83%
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%

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

Operating Margin (TTM)

Both Celestica (CLS) at 7.91% and Nokia (NOK) at 10.81% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CLS

Technology Hardware & Equipment industry group

7.91%

Max: 36.27%
Q3: 18.36%
Median: 8.84%
CLS: 7.91%
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%

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

Profitability Metrics

Profitability metrics for Celestica (CLS) and Nokia (NOK)
Metric	CLS	NOK
ROE (TTM)	30.23%	3.88%
ROA (TTM)	8.72%	3.49%
Net Margin (TTM)	6.83%	3.75%
Operating Margin (TTM)	7.91%	10.81%
Gross Margin (TTM)	11.46%	45.43%

Growth

Revenue Growth

Celestica (CLS) at 28.46% sits in the top revenue growth quartile, while Nokia (NOK) at 3.48% is closer to the peer norm — faster top-line expansion for CLS.

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

EPS Growth

Celestica (CLS) at 98.34% sits in the top EPS growth quartile, while Nokia (NOK) at -47.83% is in the bottom quartile, showing a clear gap in earnings momentum.

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

Growth Metrics

Growth metrics for Celestica (CLS) and Nokia (NOK)
Metric	CLS	NOK
Revenue Growth (YoY)	28.46%	3.48%
Revenue Growth (3Y CAGR)	19.56%	-5.76%
EPS Growth (YoY)	98.34%	-47.83%
EPS Growth (3Y CAGR)	82.39%	-45.71%

Financial Strength

Current Ratio (MRQ)

Both Celestica (CLS) at 1.61 and Nokia (NOK) at 1.46 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

CLS

Technology Hardware & Equipment industry group

1.61

Max: 5.34
Q3: 3.02
Median: 1.95
CLS: 1.61
Q1: 1.32
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

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

Debt / Equity (MRQ)

Both Celestica (CLS) at 0.17 and Nokia (NOK) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CLS

Technology Hardware & Equipment industry group

0.17

Max: 1.76
Q3: 0.78
Median: 0.24
CLS: 0.17
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

Celestica (CLS) 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 Celestica (CLS) and Nokia (NOK)
Metric	CLS	NOK
Current Ratio (MRQ)	1.61	1.46
Debt / Equity (MRQ)	0.17	0.16
Net Debt / EBITDA	-1.72	-0.59

Dividends

Dividend Yield (TTM)

Celestica (CLS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Nokia (NOK) reports a yield of 1.88%, ranking against industry peers normally.

CLS

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
CLS: 0.00%
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%

Celestica (CLS) 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; Celestica (CLS) pays no dividend (payout 0.00%).

CLS

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
CLS: 0.00%
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%

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

Dividend Metrics

Dividend metrics for Celestica (CLS) and Nokia (NOK)
Metric	CLS	NOK
Dividend Yield (TTM)	0.00%	1.88%
Dividend Payout Ratio (TTM)	0.00%	100.17%

Valuation

P/E Ratio (TTM)

Celestica (CLS) at 19.50 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.

CLS

Technology Hardware & Equipment industry group

19.50

Max: 69.48
Q3: 41.02
Median: 26.39
CLS: 19.50
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

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

P/S Ratio (TTM)

On P/S ratio, both Celestica (CLS) at 1.43 and Nokia (NOK) at 2.08 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CLS

Technology Hardware & Equipment industry group

1.43

Max: 11.30
Q3: 5.82
Median: 2.56
CLS: 1.43
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

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

P/B Ratio (MRQ)

On P/B ratio, both Celestica (CLS) at 4.19 and Nokia (NOK) at 1.82 are valued close to their industries’ norm against book — neither stands out from peers.

CLS

Technology Hardware & Equipment industry group

4.19

Max: 10.75
Q3: 5.52
CLS: 4.19
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

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

Valuation Metrics

Valuation metrics for Celestica (CLS) and Nokia (NOK)
Metric	CLS	NOK
P/E Ratio (TTM)	19.50	47.88
P/S Ratio (TTM)	1.43	2.08
P/B Ratio (MRQ)	4.19	1.82
Free Cash Flow Yield (TTM)	3.08%	2.98%