MSI vs. NOK: Motorola vs. Nokia Stock Comparison

November 11, 2026

How do Motorola (MSI) 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

Motorola (MSI) and Nokia (NOK) are both classified in the Communications Equipment sub-industry within the broader Communications Equipment industry, placing them in the closest GICS peer bucket.

Motorola (MSI) 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 Motorola (MSI) and Nokia (NOK)
Profile Item	MSI	NOK
Name	Motorola Solutions, 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	Communications Equipment	Communications Equipment
GICS Sub-Industry	Communications Equipment	Communications Equipment
Market Capitalization	85.07 billion USD	43.35 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	July 1, 1994
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

MSI

NOK

GSPC

Motorola (MSI) 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 Motorola (MSI) and Nokia (NOK). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Motorola (MSI) and Nokia (NOK)
Metric	MSI	NOK
Total Return (1Y)	35.63%	19.81%
Total Return (3Y, Annualized)	20.55%	36.27%
Total Return (5Y, Annualized)	17.37%	9.52%

Risk Profile

Drawdown History

MSI

NOK

GSPC

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

Risk Metrics

Nokia (NOK) is heavily traded at around 77.91M shares per day, whereas Motorola (MSI) sees a more moderate 973.41K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Motorola (MSI) and Nokia (NOK)
Metric	MSI	NOK
Volatility (1Y, Annualized)	25.11%	62.40%
Beta (5Y)	0.84	1.24
Max Drawdown (5Y)	-27.23%	-55.73%
Avg. Volume (3M)	973.41K	77.91M

Risk-Adjusted Performance

Risk-Return Positioning

MSI 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 Motorola (MSI) and Nokia (NOK)
Metric	MSI	NOK
Sharpe Ratio (1Y)	1.25	0.25
Sortino Ratio (1Y)	1.90	0.35

Profitability

ROE (TTM)

Motorola (MSI) at 76.98% 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.

MSI

Technology Hardware & Equipment industry group

76.98%

MSI: 76.98%
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%

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

Net Margin (TTM)

Motorola (MSI) at 16.54% retains a top-quartile share of revenue as profit, ahead of Nokia (NOK) at 3.75%, which keeps about the industry-typical share.

MSI

Technology Hardware & Equipment industry group

16.54%

Max: 27.60%
MSI: 16.54%
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%

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

Operating Margin (TTM)

Motorola (MSI) at 24.62% operates in the top operating margin quartile, ahead of Nokia (NOK) at 10.81%, which runs around its industry’s norm.

MSI

Technology Hardware & Equipment industry group

24.62%

Max: 36.27%
MSI: 24.62%
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%

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

Profitability Metrics

Profitability metrics for Motorola (MSI) and Nokia (NOK)
Metric	MSI	NOK
ROE (TTM)	76.98%	3.88%
ROA (TTM)	9.64%	3.49%
Net Margin (TTM)	16.54%	3.75%
Operating Margin (TTM)	24.62%	10.81%
Gross Margin (TTM)	51.75%	45.43%

Growth

Revenue Growth

Both Motorola (MSI) at 8.00% 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.

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

EPS Growth

Motorola (MSI) at 38.14% is around its peer norm for EPS growth, while Nokia (NOK) at -47.83% drops into the bottom quartile, signaling weaker earnings momentum.

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

Growth Metrics

Growth metrics for Motorola (MSI) and Nokia (NOK)
Metric	MSI	NOK
Revenue Growth (YoY)	8.00%	3.48%
Revenue Growth (3Y CAGR)	8.63%	-5.76%
EPS Growth (YoY)	38.14%	-47.83%
EPS Growth (3Y CAGR)	17.15%	-45.71%

Financial Strength

Current Ratio (MRQ)

Nokia (NOK) at 1.46 keeps current ratio within its industry’s typical mid-range, while Motorola (MSI) at 1.10 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for MSI.

MSI

Technology Hardware & Equipment industry group

1.10

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
MSI: 1.10
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

Motorola (MSI) 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 is near its industry mid-range for debt-to-equity ratio, while Motorola (MSI) at 3.46 sits above its benchmark range, pointing to a heavier debt load relative to equity.

MSI

Technology Hardware & Equipment industry group

3.46

MSI: 3.46
Max: 1.76
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

Motorola (MSI) 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 Motorola (MSI) and Nokia (NOK)
Metric	MSI	NOK
Current Ratio (MRQ)	1.10	1.46
Debt / Equity (MRQ)	3.46	0.16
Net Debt / EBITDA	2.70	-0.59

Dividends

Dividend Yield (TTM)

Both Motorola (MSI) at 0.94% and Nokia (NOK) at 1.88% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

MSI

Technology Hardware & Equipment industry group

0.94%

MSI: 0.94%
Max: 0.73%
Q3: 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%

Motorola (MSI) 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 Motorola (MSI) reports 38.94%, ranking against industry peers normally.

MSI

Technology Hardware & Equipment industry group

38.94%

MSI: 38.94%
Max: 32.27%
Q3: 14.48%
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%

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

Dividend Metrics

Dividend metrics for Motorola (MSI) and Nokia (NOK)
Metric	MSI	NOK
Dividend Yield (TTM)	0.94%	1.88%
Dividend Payout Ratio (TTM)	38.94%	100.17%

Valuation

P/E Ratio (TTM)

Both Motorola (MSI) at 41.39 and Nokia (NOK) at 47.88 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

MSI

Technology Hardware & Equipment industry group

41.39

Max: 69.48
MSI: 41.39
Q3: 41.02
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

Motorola (MSI) 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 Motorola (MSI) at 6.75 sits in the pricier quartile — MSI costs more per dollar of sales.

MSI

Technology Hardware & Equipment industry group

6.75

Max: 11.30
MSI: 6.75
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

Motorola (MSI) 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 Motorola (MSI) at 27.75 prices above its benchmark range — MSI looks rich relative to book.

MSI

Technology Hardware & Equipment industry group

27.75

MSI: 27.75
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

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

Valuation Metrics

Valuation metrics for Motorola (MSI) and Nokia (NOK)
Metric	MSI	NOK
P/E Ratio (TTM)	41.39	47.88
P/S Ratio (TTM)	6.75	2.08
P/B Ratio (MRQ)	27.75	1.82
Free Cash Flow Yield (TTM)	2.24%	2.98%