CLS vs. NOK: A Head-to-Head Stock Comparison

Updated on August 19, 2025

Here’s a clear look at CLS and NOK, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

CLS is a standard domestic listing, while NOK trades as an American Depositary Receipt (ADR), offering U.S. investors access to its foreign-listed shares.

Symbol	CLS	NOK
Company Name	Celestica Inc.	Nokia Oyj
Country	Canada	Finland
GICS Sector	Information Technology	Information Technology
GICS Industry	Electronic Equipment, Instruments & Components	Communications Equipment
Market Capitalization	23.49 billion USD	22.54 billion USD
Exchange	NYSE	NYSE
Listing Date	June 30, 1998	July 1, 1994
Security Type	Common Stock	ADR

Historical Performance

This chart compares the performance of CLS and NOK by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

CLS vs. NOK: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	CLS	NOK
5-Day Price Return	7.73%	1.39%
13-Week Price Return	126.89%	-20.42%
26-Week Price Return	43.11%	-21.06%
52-Week Price Return	335.42%	-30.85%
Month-to-Date Return	6.23%	-0.70%
Year-to-Date Return	121.82%	-16.65%
10-Day Avg. Volume	1.06M	9.95M
3-Month Avg. Volume	0.87M	10.25M
3-Month Volatility	54.67%	30.64%
Beta	2.98	0.18

Profitability

Return on Equity (TTM)

CLS

30.66%

Electronic Equipment, Instruments & Components Industry

Max: 29.99%
Q3: 15.78%
Median: 9.05%
Q1: 5.63%
Min: -9.55%

CLS’s Return on Equity of 30.66% is exceptionally high, placing it well beyond the typical range for the Electronic Equipment, Instruments & Components industry. This demonstrates a superior ability to generate profit from shareholder investments, though it could also be inflated by high financial leverage.

NOK

5.01%

Communications Equipment Industry

Max: 32.05%
Q3: 19.58%
Median: 11.77%
Q1: 2.23%
Min: -11.93%

NOK’s Return on Equity of 5.01% is on par with the norm for the Communications Equipment industry, indicating its profitability relative to shareholder equity is typical for the sector.

CLS vs. NOK: A comparison of their Return on Equity (TTM) against their respective Electronic Equipment, Instruments & Components and Communications Equipment industry benchmarks.

Net Profit Margin (TTM)

CLS

5.09%

Electronic Equipment, Instruments & Components Industry

Max: 25.55%
Q3: 12.80%
Median: 7.58%
Q1: 3.09%
Min: -8.70%

CLS’s Net Profit Margin of 5.09% is aligned with the median group of its peers in the Electronic Equipment, Instruments & Components industry. This indicates its ability to convert revenue into profit is typical for the sector.

NOK

5.31%

Communications Equipment Industry

Max: 23.65%
Q3: 14.32%
Median: 5.31%
Q1: 1.45%
Min: -12.72%

NOK’s Net Profit Margin of 5.31% is aligned with the median group of its peers in the Communications Equipment industry. This indicates its ability to convert revenue into profit is typical for the sector.

CLS vs. NOK: A comparison of their Net Profit Margin (TTM) against their respective Electronic Equipment, Instruments & Components and Communications Equipment industry benchmarks.

Operating Profit Margin (TTM)

CLS

7.01%

Electronic Equipment, Instruments & Components Industry

Max: 30.04%
Q3: 16.04%
Median: 9.75%
Q1: 4.27%
Min: -12.63%

CLS’s Operating Profit Margin of 7.01% is around the midpoint for the Electronic Equipment, Instruments & Components industry, indicating that its efficiency in managing core business operations is typical for the sector.

NOK

6.21%

Communications Equipment Industry

Max: 42.27%
Q3: 18.90%
Median: 6.21%
Q1: 2.97%
Min: -20.72%

NOK’s Operating Profit Margin of 6.21% is around the midpoint for the Communications Equipment industry, indicating that its efficiency in managing core business operations is typical for the sector.

CLS vs. NOK: A comparison of their Operating Profit Margin (TTM) against their respective Electronic Equipment, Instruments & Components and Communications Equipment industry benchmarks.

Profitability at a Glance

Symbol	CLS	NOK
Return on Equity (TTM)	30.66%	5.01%
Return on Assets (TTM)	8.98%	2.68%
Net Profit Margin (TTM)	5.09%	5.31%
Operating Profit Margin (TTM)	7.01%	6.21%
Gross Profit Margin (TTM)	11.36%	44.23%

Financial Strength

Current Ratio (MRQ)

CLS

1.44

Electronic Equipment, Instruments & Components Industry

Max: 4.43
Q3: 2.88
Median: 2.05
Q1: 1.52
Min: 0.64

CLS’s Current Ratio of 1.44 falls into the lower quartile for the Electronic Equipment, Instruments & Components industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

NOK

1.46

Communications Equipment Industry

Max: 1.72
Q3: 1.72
Median: 1.46
Q1: 1.18
Min: 0.93

NOK’s Current Ratio of 1.46 aligns with the median group of the Communications Equipment industry, indicating that its short-term liquidity is in line with its sector peers.

CLS vs. NOK: A comparison of their Current Ratio (MRQ) against their respective Electronic Equipment, Instruments & Components and Communications Equipment industry benchmarks.

Debt-to-Equity Ratio (MRQ)

CLS

0.50

Electronic Equipment, Instruments & Components Industry

Max: 1.14
Q3: 0.54
Median: 0.34
Q1: 0.11
Min: 0.00

CLS’s Debt-to-Equity Ratio of 0.50 is typical for the Electronic Equipment, Instruments & Components industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

NOK

0.21

Communications Equipment Industry

Max: 1.55
Q3: 0.92
Median: 0.55
Q1: 0.30
Min: 0.00

Falling into the lower quartile for the Communications Equipment industry, NOK’s Debt-to-Equity Ratio of 0.21 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

CLS vs. NOK: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Electronic Equipment, Instruments & Components and Communications Equipment industry benchmarks.

Interest Coverage Ratio (TTM)

CLS

36.72

Electronic Equipment, Instruments & Components Industry

Max: 101.00
Q3: 43.88
Median: 13.27
Q1: 3.73
Min: -18.73

CLS’s Interest Coverage Ratio of 36.72 is positioned comfortably within the norm for the Electronic Equipment, Instruments & Components industry, indicating a standard and healthy capacity to cover its interest payments.

NOK

34.19

Communications Equipment Industry

Max: 181.73
Q3: 113.63
Median: 7.59
Q1: 3.82
Min: -5.39

NOK’s Interest Coverage Ratio of 34.19 is positioned comfortably within the norm for the Communications Equipment industry, indicating a standard and healthy capacity to cover its interest payments.

CLS vs. NOK: A comparison of their Interest Coverage Ratio (TTM) against their respective Electronic Equipment, Instruments & Components and Communications Equipment industry benchmarks.

Financial Strength at a Glance

Symbol	CLS	NOK
Current Ratio (MRQ)	1.44	1.46
Quick Ratio (MRQ)	0.86	1.21
Debt-to-Equity Ratio (MRQ)	0.50	0.21
Interest Coverage Ratio (TTM)	36.72	34.19

Growth

Revenue Growth

CLS vs. NOK: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

CLS vs. NOK: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

CLS

0.00%

Electronic Equipment, Instruments & Components Industry

Max: 4.86%
Q3: 2.53%
Median: 1.28%
Q1: 0.16%
Min: 0.00%

CLS currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

NOK

3.69%

Communications Equipment Industry

Max: 3.88%
Q3: 2.75%
Median: 0.93%
Q1: 0.00%
Min: 0.00%

With a Dividend Yield of 3.69%, NOK offers a more attractive income stream than most of its peers in the Communications Equipment industry, signaling a strong commitment to shareholder returns.

CLS vs. NOK: A comparison of their Dividend Yield (TTM) against their respective Electronic Equipment, Instruments & Components and Communications Equipment industry benchmarks.

Dividend Payout Ratio (TTM)

CLS

0.00%

Electronic Equipment, Instruments & Components Industry

Max: 161.37%
Q3: 67.12%
Median: 34.46%
Q1: 3.82%
Min: 0.00%

CLS has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

NOK

50.74%

Communications Equipment Industry

Max: 111.16%
Q3: 55.91%
Median: 28.42%
Q1: 0.00%
Min: 0.00%

NOK’s Dividend Payout Ratio of 50.74% is within the typical range for the Communications Equipment industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

CLS vs. NOK: A comparison of their Dividend Payout Ratio (TTM) against their respective Electronic Equipment, Instruments & Components and Communications Equipment industry benchmarks.

Dividend at a Glance

Symbol	CLS	NOK
Dividend Yield (TTM)	0.00%	3.69%
Dividend Payout Ratio (TTM)	0.00%	50.74%

Valuation

Price-to-Earnings Ratio (TTM)

CLS

45.70

Electronic Equipment, Instruments & Components Industry

Max: 73.87
Q3: 41.11
Median: 25.31
Q1: 18.58
Min: 8.59

A P/E Ratio of 45.70 places CLS in the upper quartile for the Electronic Equipment, Instruments & Components industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.

NOK

18.81

Communications Equipment Industry

Max: 57.30
Q3: 47.92
Median: 27.50
Q1: 17.89
Min: 13.89

NOK’s P/E Ratio of 18.81 is within the middle range for the Communications Equipment industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

CLS vs. NOK: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Electronic Equipment, Instruments & Components and Communications Equipment industry benchmarks.

Price-to-Sales Ratio (TTM)

CLS

2.32

Electronic Equipment, Instruments & Components Industry

Max: 6.74
Q3: 3.49
Median: 2.03
Q1: 1.16
Min: 0.11

CLS’s P/S Ratio of 2.32 aligns with the market consensus for the Electronic Equipment, Instruments & Components industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

NOK

1.00

Communications Equipment Industry

Max: 11.03
Q3: 5.53
Median: 2.20
Q1: 0.99
Min: 0.40

NOK’s P/S Ratio of 1.00 aligns with the market consensus for the Communications Equipment industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

CLS vs. NOK: A comparison of their Price-to-Sales Ratio (TTM) against their respective Electronic Equipment, Instruments & Components and Communications Equipment industry benchmarks.

Price-to-Book Ratio (MRQ)

CLS

10.12

Electronic Equipment, Instruments & Components Industry

Max: 6.45
Q3: 3.49
Median: 1.98
Q1: 1.31
Min: 0.35

At 10.12, CLS’s P/B Ratio is at an extreme premium to the Electronic Equipment, Instruments & Components industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

NOK

1.21

Communications Equipment Industry

Max: 9.66
Q3: 5.60
Median: 3.73
Q1: 2.67
Min: 0.30

NOK’s P/B Ratio of 1.21 is in the lower quartile for the Communications Equipment industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.

CLS vs. NOK: A comparison of their Price-to-Book Ratio (MRQ) against their respective Electronic Equipment, Instruments & Components and Communications Equipment industry benchmarks.

Valuation at a Glance

Symbol	CLS	NOK
Price-to-Earnings Ratio (TTM)	45.70	18.81
Price-to-Sales Ratio (TTM)	2.32	1.00
Price-to-Book Ratio (MRQ)	10.12	1.21
Price-to-Free Cash Flow Ratio (TTM)	63.72	12.97