Nokian Tyres TYRES.HE
Public, HEL, reports in EUR. Founded 1998.
Theme: Globalization.
Winter tyres.
2025-08-01 — Hold, Romania and inflation
Financials millions, EUR
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.5bn EUR | 15.1 % | 26.4 % | – | 39m EUR | 2.6 % | -15m EUR | -0.11 | 17.7 | |
| 2024 | 1.3bn EUR | 9.9 % | 18.1 % | – | 1.2m EUR | 0.1 % | -23m EUR | -0.17 | 10.0 | |
| 2023 | 1.2bn EUR | -13.1 % | 20.5 % | – | 32m EUR | 2.7 % | -326m EUR | -2.36 | -10.4 | |
| 2022 | 1.4bn EUR | – | 22.4 % | – | 55m EUR | 4.1 % | -176m EUR | -1.27 | – | |
| 2026-Q2 | 380m EUR | 10.5 % | 26.1 % | – | 35m EUR | 9.2 % | 20m EUR | 0.14 | 19.7 | |
| 2026-Q1 | 280m EUR | 3.7 % | 19.1 % | – | -18m EUR | -6.4 % | -22m EUR | -0.16 | -2.7 | |
| 2025-Q4 | 416m EUR | – | 26.0 % | – | 35m EUR | 8.5 % | 16m EUR | 0.12 | – | |
| 2025-Q2 | 344m EUR | – | 21.9 % | – | 15m EUR | 4.3 % | 0.6m EUR | 0.00 | – | |
| 2025-Q1 | 270m EUR | – | 8.8 % | – | -36m EUR | -13.3 % | -38m EUR | -0.27 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q2: yfinance
- 2025-Q1: yfinance
Latest quarter 2026-Q2, ended 2026-06-30, vs 2025-Q2
| 2026-Q2 | 2025-Q2 | change | |
|---|---|---|---|
| Revenue | 380m EUR | 344m EUR | +36m (+11 %) |
| Op. margin | 9.2 % | 4.3 % | +4.9 pts |
| FCF | -19m EUR | -21m EUR | +1.8m |
| Op. income | 35m EUR | ||
| Net income | 20m EUR | ||
| EPS (diluted) | 0.14 |
Cash flow millions, EUR
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 146m EUR | 160m EUR | -13m EUR | -0.9 % | – | – | – | 24m EUR | -28m EUR |
| 2024 | 77m EUR | 350m EUR | -273m EUR | -21.1 % | – | – | – | -121m EUR | -238m EUR |
| 2023 | 82m EUR | 252m EUR | -170m EUR | -14.5 % | – | 28m EUR | -153m EUR | 68m EUR | 160m EUR |
| 2022 | -4.3m EUR | 125m EUR | -130m EUR | -9.6 % | – | – | – | 5.0m EUR | -126m EUR |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 15.57 EUR | 2026-09-15 | |
|---|---|---|---|
| Market cap | 2.1bn EUR | 2.5bn USD | 2026-09-15 |
| 52w high | 16.70 EUR | 2026-09-15 | |
| 52w low | 7.38 EUR | 2026-09-15 | |
| Off 52w high % | -6.8 % | ||
| P/S | 1.4 | ||
| Lifetime CAGR | 1.4 % |
Notes
- 2025-08-01 opinion Hold, Romania and inflation