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Date: 20 February 1952
| Rank | Name | Nation | Time |
| 1 | Veikko Hakulinen | FIN | 3:33:33 |
| 2 | Eero Kolehmainen | FIN | 3:38:11 |
| 3 | Magnar Estenstad | NOR | 3:38:28 |
| 4 | Olav Økern | NOR | 3:38:45 |
| 5 | Kalevi Monenen | FIN | 3:39:21 |
| 6 | Nils Karlsson | SWE | 3:39:30 |
| 7 | Edvin Landsem | NOR | 3:40:43 |
| 8 | Harald Maartmann | NOR | 3:43:43 |
| 9 | Pekka Kuvaja | FIN | 3:46:31 |
| 10 | Anders Törnqvist | SWE | 3:49:22 |
| 11 | Benoît Carrara | FRA | 3:55:16 |
| 12 | Gunnar Eriksson | SWE | 3:55:45 |
| 13 | Arthur Herrdin | SWE | 3:57:46 |
| 14 | Jaroslav Cardal | TCH | 4:01:49 |
| 15 | Otto Beyeler | SUI | 4:06:15 |
| 16 | Alfred Roch | SUI | 4:09:39 |
| 17 | Karl Hischier | SUI | 4:13:46 |
| 18 | Severino Compagnoni | ITA | 4:16:13 |
| 19 | Antenore Cuel | ITA | 4:16:26 |
| 20 | Josef Schnyder | SUI | 4:18:45 |
| 21 | František Balvin | TCH | 4:21:19 |
| 22 | Gheorghe Olteanu | ROU | 4:23:08 |
| 23 | Ion Sumedrea | ROU | 4:24:45 |
| 24 | Dumitru Frăţilă | ROU | 4:30:13 |
| 25 | Khristo Donchev | BUL | 4:30:35 |
| 26 | Yuku Pent | GER | 4:30:56 |
| 27 | Pál Sajgó | HUN | 4:38:34 |
| 28 | Gervais Gindre | FRA | 4:39:31 |
| 29 | Ivar Stefánsson | ISL | 4:39:50 |
| 30 | Jón Kristjánsson | ISL | 4:41:32 |
| 31 | Ignác Berecz | HUN | 4:46:23 |
| 32 | Ion Hebedeanu | ROU | 4:47:58 |
| 33 | Matthías Kristjánsson | ISL | 4:48:47 |
| Did not finish | |||
| Cedric Sloane | AUS | ||
| Karl Schüßler | GER | ||
| Bruce Haslingden | AUS | ||