Reading the annual reports…
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Finland
In shortNokian Renkaat OYJ is loss-making, generates cash and carries moderate debt, with revenue growing (+6.5% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 2.6% | 25/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -1.1% | 16/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -1.2% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 1.7% | 11/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.08× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.70× | 72/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 18.55× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 0.36× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.57 | 63/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 10.6% | 63/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 20.4% | 36/100 |
| Operating margin volatility | 6.1% | 54/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 0.6% | 20/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 1,714 | 1,351 | 1,174 | 1,290 | 1,374 |
| Cost of revenue | 1,162 | 1,048 | 933 | 1,056 | 1,092 |
| Gross profit | 552 | 302 | 241 | 234 | 281 |
| Operating income | 268 | 57 | 32 | 1.8 | 36 |
| Interest expense | 86 | 287 | 86 | 70 | 100 |
| Pre-tax income | 258 | 11 | 14 | (32) | (16) |
| Income tax | 52 | (4.1) | 1.7 | (8.7) | (0.9) |
| Net income | 206 | (176) | (326) | (23) | (15) |
| Diluted EPS | €1.49 | – | – | −€0.17 | −€0.11 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
3.57 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Mar 4, 2026