NOK Rule of 40
Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.
2
Q3
5
2024
Q4
8
Q1
9
Q2
28
Q3
15
2025
Q4
28
Q1
-7
2026
Q2
40
0
Mix
Other Indicators
Other NOK Charts
More quarter-by-quarter fundamentals for Nokia Corporation
1 / 7
Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
P/E Ratio
Cumulative FCF
Networking & Security Comparison
1 / 3
CSCO · Rule of 40
Q4 FY2026 · latest
46.5✓ Passing
Growth +17.6%
FCF +29.0%
19
Q1
24
Q2
38
Q3
35
FY2025
Q4
27
Q1
20
Q2
33
Q3
47
FY2026
Q4
40
0
Mix
PANW · Rule of 40
2026 Q3 · latest
57.4✓ Passing
Growth +31.1%
FCF +26.2%
82
Q1
37
Q2
39
Q3
53
2025
Q4
84
Q1
30
Q2
57
2026
Q3
40
0
Mix
CRWD · Rule of 40
2027 Q2 · latest
51.5✓ Passing
Growth +25.8%
FCF +25.7%
51
Q3
48
2025
Q4
45
Q1
46
Q2
46
Q3
52
2026
Q4
59
Q1
51
2027
Q2
40
0
Mix
Latest Rule of 40: -7 (2026Q2); -16 pts YoY.
Across the 8 quarters from 2024Q3 to 2026Q2, Rule of 40 ranged from -7 in 2026Q2 to +28 in 2025Q3.