NOK vs. TRMB: Nokia vs. Trimble Stock Comparison

November 11, 2026

How do Nokia (NOK) and Trimble (TRMB) 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

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

Trimble (TRMB) 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 Nokia (NOK) and Trimble (TRMB)
Profile Item	NOK	TRMB
Name	Nokia Corporation Sponsored ADR	Trimble Inc.
Country/Region	Finland	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Communications Equipment	Electronic Equipment, Instruments & Components
GICS Sub-Industry	Communications Equipment	Electronic Equipment & Instruments
Market Capitalization	43.35 billion USD	12.40 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	July 1, 1994	July 20, 1990
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

NOK

TRMB

GSPC

Nokia (NOK) vs. Trimble (TRMB), 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 Nokia (NOK) and Trimble (TRMB). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Nokia (NOK) and Trimble (TRMB)
Metric	NOK	TRMB
Total Return (1Y)	19.81%	-30.18%
Total Return (3Y, Annualized)	36.27%	10.14%
Total Return (5Y, Annualized)	9.52%	-9.02%

Risk Profile

Drawdown History

NOK

TRMB

GSPC

Nokia (NOK) vs. Trimble (TRMB), 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 Nokia (NOK) and Trimble (TRMB). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Nokia (NOK) and Trimble (TRMB)
Metric	NOK	TRMB
Volatility (1Y, Annualized)	62.40%	36.40%
Beta (5Y)	1.24	1.36
Max Drawdown (5Y)	-55.73%	-54.28%
Avg. Volume (3M)	77.91M	2.82M

Risk-Adjusted Performance

Risk-Return Positioning

NOK and TRMB 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 Nokia (NOK) and Trimble (TRMB)
Metric	NOK	TRMB
Sharpe Ratio (1Y)	0.25	-0.95
Sortino Ratio (1Y)	0.35	-1.16

Profitability

ROE (TTM)

Trimble (TRMB) reports a negative ROE of -2.92%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Nokia (NOK) reports 3.88%, ranking against industry peers normally.

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%

TRMB

Technology Hardware & Equipment industry group

-2.92%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
TRMB: -2.92%
Min: -20.62%

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

Net Margin (TTM)

Trimble (TRMB) reports a negative net margin of -4.08%, usually indicating a net loss over the period. Meanwhile Nokia (NOK) reports 3.75%, ranking against industry peers normally.

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%

TRMB

Technology Hardware & Equipment industry group

-4.08%

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

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

Operating Margin (TTM)

Both Nokia (NOK) at 10.81% and Trimble (TRMB) at 17.46% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

TRMB

Technology Hardware & Equipment industry group

17.46%

Max: 36.27%
Q3: 18.36%
TRMB: 17.46%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

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

Profitability Metrics

Profitability metrics for Nokia (NOK) and Trimble (TRMB)
Metric	NOK	TRMB
ROE (TTM)	3.88%	-2.92%
ROA (TTM)	3.49%	4.85%
Net Margin (TTM)	3.75%	-4.08%
Operating Margin (TTM)	10.81%	17.46%
Gross Margin (TTM)	45.43%	71.58%

Growth

Revenue Growth

Nokia (NOK) at 3.48% is around its peer norm for revenue growth, while Trimble (TRMB) at -2.61% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Both Nokia (NOK) at -47.83% and Trimble (TRMB) at -71.10% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

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

Growth Metrics

Growth metrics for Nokia (NOK) and Trimble (TRMB)
Metric	NOK	TRMB
Revenue Growth (YoY)	3.48%	-2.61%
Revenue Growth (3Y CAGR)	-5.76%	-0.81%
EPS Growth (YoY)	-47.83%	-71.10%
EPS Growth (3Y CAGR)	-45.71%	-0.75%

Financial Strength

Current Ratio (MRQ)

Nokia (NOK) at 1.46 keeps current ratio within its industry’s typical mid-range, while Trimble (TRMB) at 0.93 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRMB.

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

TRMB

Technology Hardware & Equipment industry group

0.93

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
TRMB: 0.93
Min: 0.17

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

Debt / Equity (MRQ)

Both Nokia (NOK) at 0.16 and Trimble (TRMB) at 0.31 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

TRMB

Technology Hardware & Equipment industry group

0.31

Max: 1.76
Q3: 0.78
TRMB: 0.31
Median: 0.24
Q1: 0.04
Min: 0.01

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

Financial Strength Metrics

Financial strength metrics for Nokia (NOK) and Trimble (TRMB)
Metric	NOK	TRMB
Current Ratio (MRQ)	1.46	0.93
Debt / Equity (MRQ)	0.16	0.31
Net Debt / EBITDA	-0.59	1.49

Dividends

Dividend Yield (TTM)

Trimble (TRMB) 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.

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%

TRMB

Technology Hardware & Equipment industry group

0.00%

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

Nokia (NOK) vs. Trimble (TRMB): 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; Trimble (TRMB) pays no dividend (payout 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%

TRMB

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
TRMB: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

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

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Nokia (NOK) trades at 47.88 times trailing earnings, ranked against its peers, while Trimble (TRMB) has no P/E ratio this period.

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

TRMB

Technology Hardware & Equipment industry group

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07
TRMB: --

Nokia (NOK) vs. Trimble (TRMB): TRMB does not report P/E ratio, so it has no value marker; NOK is benchmarked against the Technology Hardware & Equipment industry group.

P/S Ratio (TTM)

On P/S ratio, both Nokia (NOK) at 2.08 and Trimble (TRMB) at 3.22 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

TRMB

Technology Hardware & Equipment industry group

3.22

Max: 11.30
Q3: 5.82
TRMB: 3.22
Median: 2.56
Q1: 1.05
Min: 0.00

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

P/B Ratio (MRQ)

On P/B ratio, both Nokia (NOK) at 1.82 and Trimble (TRMB) at 2.50 are valued close to their industries’ norm against book — neither stands out from peers.

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

TRMB

Technology Hardware & Equipment industry group

2.50

Max: 10.75
Q3: 5.52
Median: 3.17
TRMB: 2.50
Q1: 1.79
Min: 0.33

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

Valuation Metrics

Valuation metrics for Nokia (NOK) and Trimble (TRMB)
Metric	NOK	TRMB
P/E Ratio (TTM)	47.88	--
P/S Ratio (TTM)	2.08	3.22
P/B Ratio (MRQ)	1.82	2.50
Free Cash Flow Yield (TTM)	2.98%	5.70%