— Know what they know.
/
Not Investment Advice

NKE

NYSE · USD
NIKE, Inc.
Consumer Cyclical · Apparel - Footwear & Accessories
CEO Elliott J. Hill Employees 73,000 R&D / revenue 0.0%
Last price
$37.13−0.03%last session
Market cap
$55.1B
P/E (TTM)
17.8x
From 52w high
−53.7%
From 52w low
+16.1%
1-year return
−44.1%
RSI 14 · vs SMA200
58.2 · −21.5%
IS score
50.3/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

NKE   SPY   XLY (sector ETF) · weekly closes
6080100120Jan 26Apr 26Jul 26Oct 26SPY 116XLY 97NKE 56

Score DNA

Each bar is a 0-100 score within the scored universe
48
Profitability
44
Growth
63
Value
62
Momentum
80
Risk (safety)
63
Quality
84
Balance sheet
77
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
▲ Share count rising
Observations
Moat model: None, Efficient ScalePiotroski 5 / 9Altman Z 3.5Beta 1.113 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
9 open-market sales, $1.6M
Form 144 notices (12m): 14, $9.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
4
Last disclosed purchase 2026-09-11
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−182
156 new holders, 309 closed
1,742 filers hold 65.7% · 649 added, 763 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+341
1,165 funds adding shares
824 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
39.4%
20-day avg 46.2%, 50-day avg 44.2%
Latest 6.8 pp under its 20-day average · a flow, not short interest

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$46.4B
Revenue growth YoY+0.2%
Gross margin42.9%
Operating income$3.8B
Operating margin8.2%
Net income$3.1B
Net margin6.7%
EPS (diluted)$2.10
Cash flow
Operating cash flow$2.9B
Capital expenditure$684.0M
Free cash flow$2.2B
FCF conversion (FCF / OCF)76.2%
Stock-based compensation$715.0M
FCF less SBC$1.5B
Buybacks$146.0M
Dividends$2.4B
Balance sheet & returns
Cash & short-term investments$9.0B
Total debt$7.9B
Net cash$1.1B
Shareholders' equity$14.9B
Goodwill & intangibles$499.0M
Debt / equity0.73
ROE (TTM)21.2%
ROIC (TTM)10.3%
Operating margin by fiscal year
14.3%FY202211.5%FY202312.3%FY20248.0%FY20258.2%FY2026
Revenue $46.7B (FY2022) to $46.4B (FY2026), a -0.2% CAGR.

Valuation

P/E (TTM)17.8x
EV / EBITDA13.0x
Price / sales1.20x
Price / FCF26.2x
FCF yield3.82%
Buyback yield0.26%
SBC / revenue1.5%
Price / book3.62x
Forward P/E FY202729.3x
Forward P/E FY202824.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $37.84 across 35 analysts last quarter is theirs, not ours.

NKE vs industry median

51 companies in Apparel - Footwear & Accessories
Gross margin 43.1% 44.5% Operating margin 8.2% 7.8% Net margin 6.7% 6.3% ROIC 10.3% 12.2%
NKE (TTM)Industry median Asset turnover 1.21 vs industry 1.09 · financial leverage 2.48

Earnings delivery

Next report 2026-12-17 · consensus EPS $0.40
100%
beat rate, 12 of 12 quarters
+27.1%
median EPS surprise
12
longest beat streak
+21+32+22+35+20+80+7+80+41+20+555+11
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-12-21 to 2026-10-01. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
NKE NIKE, Inc. $55.1B17.8x21.2%6.7%+0.2% −44.1%
DECK Deckers Outdoor Corporation $11.7B12.1x42.6%12.7%+7.9% −13.5%
CROX Crocs, Inc. $5.9B10.6x42.3%17.4%−2.0% +48.1%
EBAY eBay Inc. $53.5B24.3x47.2%17.5%+14.7% +33.6%
SE Sea Limited $57.4B34.6x14.5%5.7%+43.1% −42.4%
AZO AutoZone, Inc. $50.9B20.0x-87.0%14.1%+7.4% —
F Ford Motor Company $49.6Bn/m-18.3%-2.7%+1.5% —
CVNA Carvana Co. $64.5B20.3x54.5%4.2%+54.0% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-10-01Earnings Release; Exit/Disposal Costs; Exhibits
2026-09-16Officer/Director Change; Regulation FD; Exhibits
2026-09-10Officer/Director Change; Shareholder Vote; Exhibits
2026-08-10Officer/Director Change
2026-06-30Earnings Release; Exhibits
2026-06-23Earnings Release; Officer/Director Change; Regulation FD; Exhibits

Context

Shares outstanding1,485,308,809
Free float79.3%
Institutional ownership65.7%
Beta1.11
Dividend yield4.42%
Last dividend$0.41 on 2026-09-01
50 / 200-day average$37.64 / $47.52
Large-cap Consumer Cyclical median P/E24.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where NKE sits among 10 scored companies in Apparel - Footwear & Accessories (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureNKEIndustry medianIndustry percentileSector median
P/E (TTM) 17.8x 14.3x
75th		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 1.2x 1.0x
56th		 1.0x
Price / book 3.6x 3.6x
56th		 2.4x
Price / tangible book 3.9x 3.9x
50th		 4.2x
Price / free cash flow 26.2x 10.9x
100th		 15.2x
Price / operating cash flow 19.8x 10.3x
100th		 10.2x
Enterprise value $57.9B $2.7B
100th		 $5.6B
EV / sales 1.3x 1.2x
56th		 1.4x
EV / EBITDA 12.7x 9.4x
75th		 11.4x
EV / EBIT 15.2x 12.9x
75th		 16.0x
EV / free cash flow 27.5x 12.6x
75th		 21.0x
Earnings yield 5.6% 6.8%
33rd		 4.8%
FCF yield 3.8% 7.9%
11th		 5.9%
Operating cash flow yield 5.0% 9.2%
11th		 9.3%
Graham number (per share) $21.93 $24.12
38th		 $33.39

Profitability (TTM)

MeasureNKEIndustry medianIndustry percentileSector median
Gross margin 43.1% 48.0%
11th		 34.2%
EBITDA margin 9.9% 9.8%
56th		 11.7%
Operating margin 8.2% 8.4%
44th		 8.7%
EBIT margin 8.3% 8.5%
44th		 8.2%
Net margin 6.7% 5.6%
67th		 4.9%
NOPAT margin 6.5% 6.7%
44th		 6.8%
FCF margin 4.6% 6.6%
33rd		 6.5%
Operating cash flow margin 6.1% 7.7%
44th		 10.4%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 34.9% 35.0%
44th		 17.2%
Stock comp / revenue 1.5% 0.9%
100th		 0.6%
Effective tax rate 20.7% 21.0%
33rd		 22.4%

Returns on capital

MeasureNKEIndustry medianIndustry percentileSector median
ROE (on average equity) 21.6% 18.9%
56th		 12.8%
ROA 8.2% 6.9%
67th		 4.4%
ROIC 16.6% 12.9%
67th		 9.3%
ROCE 14.4% 14.1%
67th		 9.9%
Return on tangible assets 10.1% 10.2%
44th		 7.4%
Cash ROIC (OCF / invested capital) 15.5% 16.6%
44th		 14.4%
Gross profitability (GP / assets) 52.3% 59.6%
22nd		 31.6%
ROIC, 3-yr average 17.9% 8.4%
78th		 7.4%
ROIC, 5-yr average 23.8% 18.0%
75th		 9.1%
ROE, 5-yr average 30.3% 13.9%
75th		 15.8%
Incremental ROIC 38.9% -124.9%
75th		 11.2%

Growth

MeasureNKEIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) -1.2% -0.6%
33rd		 6.0%
Revenue growth (QoQ) 2.2% -0.6%
56th		 6.6%
Revenue CAGR, 3 yr -3.8% -3.3%
44th		 3.0%
Revenue CAGR, 5 yr -0.1% 2.9%
33rd		 5.9%
Gross profit CAGR, 3 yr -4.1% 0.6%
22nd		 3.3%
Operating income CAGR, 3 yr -13.6% -4.7%
14th		 2.1%
Net income growth (TTM YoY) 6.8% 34.2%
17th		 4.7%
Net income CAGR, 3 yr -15.1% -4.2%
29th		 1.4%
EPS growth (TTM YoY) 6.5% 34.2%
0th		 7.6%
EPS CAGR, 3 yr -14.0% -1.0%
29th		 3.4%
EPS CAGR, 5 yr -11.1% 2.9%
0th		 2.9%
FCF growth (TTM YoY) -30.0% 27.0%
25th		 26.3%
FCF CAGR, 3 yr -22.1% -9.2%
25th		 6.5%
Operating cash flow CAGR, 3 yr -19.9% -6.0%
38th		 6.7%
Book value CAGR, 3 yr 4.2% 5.0%
44th		 8.1%
Dividend CAGR, 3 yr 2.6% 0.8%
80th		 3.2%
Sustainable growth rate 4.7% 9.6%
25th		 12.2%

Margin history & stability

MeasureNKEIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 43.3% 45.7%
33rd		 34.9%
Operating margin, 3-yr average 9.1% 8.2%
67th		 8.0%
Net margin, 3-yr average 7.9% 5.1%
67th		 4.8%
FCF margin, 3-yr average 8.5% 8.1%
67th		 5.7%
Revenue stability (0-1) 0.04 0.62
11th		 0.80
Earnings stability (0-1) 0.82 0.19
89th		 0.43
Margin stability (0-1) 0.97 0.95
89th		 0.92

Liquidity (latest quarter)

MeasureNKEIndustry medianIndustry percentileSector median
Cash & short-term investments $8.4B $105.2M
100th		 $278.1M
Net cash (− = net debt) −$2.7B −$434.7M
0th		 −$1.2B
Working capital $12.3B $225.2M
100th		 $298.0M
Current ratio 2.07 1.83
67th		 1.49
Quick ratio 1.39 1.08
78th		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.73 0.28
78th		 0.31
Defensive interval (days) 310 days 178 days
78th		 290 days

Leverage & solvency (latest quarter)

MeasureNKEIndustry medianIndustry percentileSector median
Total debt $11.1B $608.9M
100th		 $1.8B
Debt / equity 0.73 0.97
44th		 1.04
Net debt / equity 0.18 0.79
22nd		 0.78
Debt / assets 29.3% 34.0%
44th		 39.7%
Debt / capital 42.1% 48.5%
44th		 51.0%
Debt / EBITDA 2.43 2.02
62nd		 3.26
Net debt / EBITDA 0.59 1.49
25th		 2.42
Interest coverage (EBIT / interest) 19.1x 10.1x
62nd		 5.1x
Cash interest coverage 14.0x 8.2x
62nd		 6.0x
Debt payback (years of OCF) 4.0 yrs 4.0 yrs
50th		 3.8 yrs
Liabilities / assets 59.7% 64.0%
44th		 68.1%
IS credit model rating AA- — —
Implied credit spread (bps) 100 138
44th		 275

Efficiency

MeasureNKEIndustry medianIndustry percentileSector median
Asset turnover 1.22 1.17
56th		 1.00
Fixed asset turnover 5.86 7.06
22nd		 3.73
Inventory turnover 3.3 2.7
67th		 5.3
Receivables turnover 9.0 9.3
44th		 19.9
Days sales outstanding 41 days 39 days
56th		 18 days
Days inventory outstanding 111 days 135 days
33rd		 68 days
Days payables outstanding 50 days 66 days
11th		 42 days
Cash conversion cycle (days) 102 days 89 days
67th		 44 days
Capex / revenue 1.5% 1.4%
78th		 3.1%
Capex / depreciation 0.89 0.74
67th		 0.89
Operating expense ratio 34.9% 40.9%
11th		 24.8%

Cash flow & earnings quality

MeasureNKEIndustry medianIndustry percentileSector median
Operating cash flow / net income 0.90 1.29
12th		 1.76
FCF / net income 0.68 1.19
25th		 1.18
FCF / operating cash flow 75.7% 92.4%
25th		 70.1%
Capex / operating cash flow 24.3% 7.6%
75th		 29.9%
Accruals ratio 0.8% -4.3%
89th		 -5.7%
Sloan accruals ratio -4.0% -4.0%
56th		 -3.6%
Earnings quality score (0-1) 0.75 1.00
0th		 0.75

Dividends & buybacks

MeasureNKEIndustry medianIndustry percentileSector median
Dividend yield 4.4% 1.6%
89th		 0.8%
Dividend per share (TTM) $1.64 $0.30
89th		 $0.40
Payout ratio (dividends / net income) 78.4% 31.0%
88th		 17.8%
Dividends / FCF 115.2% 19.2%
100th		 11.6%
Dividend growth (YoY) 3.6% -0.3%
100th		 4.8%
Buyback yield 0.0% 0.5%
11th		 1.6%
Shareholder yield (dividends + buybacks) 4.4% 3.7%
56th		 3.7%
Share count change (YoY) 0.4% 0.9%
44th		 -0.9%
Buybacks, last 5 years $3.3B $66.6M
89th		 $198.3M

Scores & forensic checks

MeasureNKEIndustry medianIndustry percentileSector median
IS score 50 64
11th		 50
IS profitability 48 50
33rd		 38
IS growth 44 58
11th		 53
IS value 63 64
44th		 50
IS momentum 62 80
11th		 72
IS risk (safety) 80 85
22nd		 65
IS quality 63 68
33rd		 63
IS balance sheet 84 58
78th		 48
IS earnings quality 77 79
44th		 77
IS cash flow 34 63
33rd		 56
Piotroski F-score (0-9) 5 7
11th		 6
Altman Z-score 3.5 3.6
44th		 2.8
Beneish M-score −2.37 −2.61
89th		 −2.69
Ohlson O-score −8.50 −7.48
22nd		 −6.83
IS credit score 83 76
56th		 58

Per share

MeasureNKEIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $2.08 $2.03
56th		 $2.05
Book value per share $10.25 $11.64
44th		 $14.46
Tangible book per share $9.92 $3.96
67th		 $3.70
Revenue per share $30.92 $34.42
44th		 $46.29
FCF per share $1.42 $2.44
22nd		 $2.72
Operating cash flow per share $1.87 $2.98
22nd		 $4.86
Cash per share $5.64 $1.61
78th		 $3.59

Size (TTM)

MeasureNKEIndustry medianIndustry percentileSector median
Market cap $55.1B $1.7B
100th		 $3.6B
Revenue $45.9B $2.8B
100th		 $3.9B
EBITDA $4.6B $209.1M
100th		 $442.3M
Net income $3.1B $125.8M
100th		 $178.6M
Free cash flow $2.1B $163.7M
100th		 $206.3M
Total assets $37.8B $1.9B
100th		 $4.4B
Shareholders' equity $15.2B $375.2M
100th		 $957.6M
Employees 73,000 6,150
100th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-14Hill Elliott
Director, PRESIDENT & CEO
 Tax withholding 5,635$35.33$199,085368,095
2026-09-15Arnault Alexandre
Director
 Award / grant 5,171——30,171
2026-09-09Mccartney Philip
EVP: CHIEF INN,PROD&DSG OFCR
 Open-market sale 2,559$37.59$96,19378,121
2026-09-09Leinwand Robert
EVP: Chief Legal Officer
 Open-market sale 3,646$37.59$137,05387,758
2026-09-09Alagirisamy Venkatesh
EVP: CHIEF OPERATING OFFICER
 Open-market sale 3,671$37.59$137,993104,862
2026-09-08Swan Robert Holmes
Director
 Award / grant 5,047——59,025
2026-09-08Knight Travis A
Director
 Award / grant 5,047——2,889,704
2026-09-08Knudstorp Jorgen Vig
Director
 Award / grant 5,047——26,435
2026-09-08Henry Peter B.
Director
 Award / grant 5,047——16,146
2026-09-08Henry Maria
Director
 Award / grant 5,047——13,814
2026-09-08Gil Monica
Director
 Award / grant 5,047——13,940
2026-09-08Duckett Thasunda
Director
 Award / grant 5,047——18,636

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
AprMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired261,856,025$55.1M
GiftDisposed32,884,333—
GiftAcquired12,850,717—
Open-market saleDisposed936,839$1.6M
Tax withholdingDisposed1553,977$2.2M
—Disposed20—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 14 notices · 169,516 shares · $9.0M
FiledFilerShares proposedEst. proceeds
2026-10-05Friend Matthew19,572$658,266
2026-09-30Friend Matthew12,658$453,916
2026-09-09Mccartney Philip2,559$96,193
2026-09-09Leinwand Robert3,646$137,053
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 14 trades (5 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-09-11Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-04Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-08-27Gilbert CisnerosHouseSale$15,001 - $50,0002026-09-11
2025-04-10Shelley Moore CapitoSenateSale$1,001 - $15,0002025-05-07
2025-04-10Shelley Moore CapitoSenateSale (Full)$1,001 - $15,0002025-05-07
2025-04-10Shelley Moore CapitoSenateSale$1,001 - $15,0002025-05-07
2025-04-10Shelley Moore CapitoSenateSale (Full)$1,001 - $15,0002025-05-06
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.81,814,490$3.4B5.51%
VANGUARD CAPITAL MANAGEMENT LLC78,309,610$3.2B5.27%
Capital World Investors72,055,429$3.0B4.85%
STATE STREET CORP63,598,789$2.6B4.28%
VANGUARD PORTFOLIO MANAGEMENT LLC45,777,579$1.9B3.08%
GEODE CAPITAL MANAGEMENT, LLC29,258,503$1.2B1.97%
WELLINGTON MANAGEMENT GROUP LLP22,208,933$911.7M1.50%
FMR LLC21,166,666$868.9M1.43%
UBS Group AG15,973,796$655.7M1.08%
Invesco Ltd.14,898,583$611.6M1.00%
NORGES BANK13,357,328$548.3M0.90%
GOLDMAN SACHS GROUP INC12,453,144$511.2M0.84%
FLOSSBACH VON STORCH SE11,905,339$488.7M0.80%
Capital International Investors11,574,849$475.1M0.78%
ROYAL BANK OF CANADA11,238,874$461.4M0.76%

Institutional ownership by quarter

2023-092026-0665.7%
% of shares held by 13F filers
2023-092026-061,742
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,74265.7%156649763309
2026-03-311,92463.8%149710826256
2025-12-312,07368.3%268702887211
2025-09-302,06364.3%177774822149
2025-06-302,07366.3%185757902202
2025-03-312,11867.2%199841856242
2024-12-312,20364.2%3056671,003262
2024-09-302,21064.0%2307331,024205
2024-06-302,21365.4%162837953264
2024-03-312,35365.7%172906998234
2023-12-312,44866.2%333922912128
2023-09-302,28866.4%140948896161

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-12SCHEDULE 13GCapital World Investors6.0%72,568,069
2026-05-12SCHEDULE 13GSTATE STREET CORPORATION5.0%59,588,679
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-11-10SCHEDULE 13GSTATE STREET CORPORATION4.9%58,049,195
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.06%$1.4B
VSMPX0.06%$1.4B
VTSAX0.06%$1.4B
VTI0.06%$1.4B
VFIAX0.06%$1.1B
VOO0.06%$1.1B

Share structure

Shares outstanding1,485,308,809
Float1,178,458,878
Free float79.3%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$46.7B$51.2B$51.4B$46.3B$46.4B
Cost of revenue$25.2B$28.9B$28.5B$26.5B$26.5B
Gross profit$21.5B$22.3B$22.9B$19.8B$19.9B
R&D$0$0$0$0$0
SG&A$14.8B$16.4B$16.6B$16.1B$16.1B
Operating income$6.7B$5.9B$6.3B$3.7B$3.8B
EBITDA$7.5B$6.8B$7.2B$4.5B$4.5B
Pretax income$6.7B$6.2B$6.7B$3.9B$3.9B
Income tax$605.0M$1.1B$1.0B$666.0M$792.0M
Net income$6.0B$5.1B$5.7B$3.2B$3.1B
EPS, diluted$3.75$3.23$3.73$2.16$2.10
Diluted shares1.6B1.6B1.5B1.5B1.5B

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$13.0B$10.7B$11.6B$9.2B$9.0B
Receivables$4.7B$4.1B$4.4B$4.7B$5.9B
Inventory$8.4B$8.5B$7.5B$7.5B$7.5B
Total current assets$28.2B$25.2B$25.4B$23.4B$24.6B
PP&E, net$7.7B$8.0B$7.7B$7.5B$7.6B
Goodwill & intangibles$570.0M$555.0M$499.0M$499.0M$499.0M
Total assets$40.3B$37.5B$38.1B$36.6B$38.4B
Accounts payable$3.4B$2.9B$2.9B$3.5B$3.6B
Total current liabilities$10.7B$9.3B$10.6B$10.6B$12.5B
Long-term debt$8.9B$8.9B$7.9B$8.0B$5.9B
Total liabilities$25.0B$23.5B$23.7B$23.4B$23.5B
Shareholders' equity$15.3B$14.0B$14.4B$13.2B$14.9B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$6.0B$5.1B$5.7B$3.2B$3.1B
Depreciation & amortization$840.0M$859.0M$844.0M$808.0M$747.0M
Stock-based compensation$638.0M$755.0M$804.0M$709.0M$715.0M
Change in working capital−$1.7B−$513.0M$716.0M−$787.0M−$2.7B
Operating cash flow$5.2B$5.8B$7.4B$3.7B$2.9B
Capital expenditure−$758.0M−$969.0M−$812.0M−$430.0M−$684.0M
Free cash flow$4.4B$4.9B$6.6B$3.3B$2.2B
Investing cash flow−$1.5B$564.0M$894.0M−$275.0M−$488.0M
Net debt issued / repaid$15.0M−$504.0M$0−$1.0B$0
Buybacks−$4.0B−$5.5B−$4.2B−$3.0B−$146.0M
Dividends paid−$1.8B−$2.0B−$2.2B−$2.3B−$2.4B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2022FY2023FY2024FY2025FY2026
Gross margin46.0%43.5%44.6%42.7%42.9%
Operating margin14.3%11.5%12.3%8.0%8.2%
Net margin12.9%9.9%11.1%7.0%6.7%
FCF margin9.5%9.5%12.9%7.1%4.7%
ROE43.1%34.6%40.1%23.3%22.1%
ROIC40.7%31.3%36.3%20.3%17.9%
ROA15.5%13.0%15.1%8.6%8.3%
Debt / equity0.830.870.830.830.74
Interest coverage22.7x20.8x24.2x13.0x14.1x
Current ratio2.632.722.402.211.96
Revenue growth+4.9%+9.6%+0.3%−9.8%+0.2%
EPS growth+6.9%−14.1%+15.4%−42.0%−3.8%
P/E at year end29.5x30.7x24.4x27.3x21.9x
EV / EBITDA at year end23.7x23.2x19.5x19.6x15.0x
FCF yield at year end2.49%3.13%4.76%3.72%3.21%
Dividend payout30.4%39.7%38.1%71.5%77.4%

Revenue by segment

FY2022FY2023FY2024FY2025FY2026
Footwear$31.2B$35.3B$35.2B$31.0B$30.5B
Apparel$15.3B$15.7B$16.0B$15.3B$15.7B
Product and Service, Other$153.0M$239.0M$155.0M$74.0M$143.0M

Revenue by region · FY2026

North America$20.5B · 45%
Europe, Middle East And Africa Segment$12.6B · 28%
Asia Pacific And Latin America Segment$6.2B · 14%
Greater China$5.8B · 13%

Street estimates by fiscal year

Next report 2026-12-17 · consensus EPS $0.40 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$46.3B$46.1B – $46.6B$1.50$1.45 – $1.532624.8x
2027$42.9B$42.5B – $43.3B$1.27$1.08 – $1.612829.3x
2028$43.0B$39.1B – $49.3B$1.50$1.04 – $2.713024.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-10-01$0.43$0.48+10.8%$11.3B$11.2B−0.9%
2026-06-30$0.11$0.72+554.5%$10.8B$11.0B+1.1%
2026-03-31$0.29$0.35+20.4%$11.2B$11.3B+0.4%
2025-12-18$0.37$0.53+41.4%$12.2B$12.4B+1.8%
2025-09-30$0.27$0.49+80.1%$11.0B$11.7B+6.6%
2025-06-26$0.13$0.14+7.4%$10.7B$11.1B+3.4%
2025-03-20$0.30$0.54+79.6%$11.0B$11.3B+2.3%
2024-12-19$0.65$0.78+20.0%$12.1B$12.4B+1.8%
2024-10-01$0.52$0.70+34.6%$11.6B$11.6B−0.5%
2024-06-27$0.83$1.01+21.7%$12.9B$12.6B−2.0%
2024-03-21$0.74$0.98+32.4%$12.3B$12.4B+1.2%
2023-12-21$0.85$1.03+21.2%$12.3B$13.4B+8.6%
2023-09-28$0.75$0.94+25.3%$13.0B$12.9B−0.4%
2023-03-21$0.55$0.79+43.6%$12.6B$12.4B−1.4%
2022-12-20$0.64$0.85+32.8%$12.6B$13.3B+5.8%
2022-06-27$0.81$0.90+11.1%$12.1B$12.2B+1.4%
2022-03-21$0.71$0.87+22.5%$10.6B$10.9B+2.6%
2021-12-20$0.63$0.83+31.7%$10.6B$11.4B+6.9%
2021-09-23$1.11$1.16+4.5%$11.8B$12.2B+3.7%
2021-06-24$0.51$0.93+82.4%$12.1B$12.3B+1.8%
2021-03-18$0.76$0.90+18.4%$8.4B$10.4B+22.6%
2020-12-18$0.62$0.78+25.8%$8.6B$11.2B+31.3%
2020-09-22$0.47$0.95+102.1%$9.5B$10.6B+11.1%
2020-06-25$0.07$-0.51−828.6%$8.7B$6.3B−27.1%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.506-151.106-221.506-290.707-060.607-130.607-200.707-270.708-030.808-101.008-171.108-240.708-31
Week ofNotionalSharesTrades
2026-08-31$719.6M18,664,229200,476
2026-08-24$1.1B27,019,370242,441
2026-08-17$1.0B25,653,571246,976
2026-08-10$834.7M20,340,350203,439
2026-08-03$661.2M15,749,781196,776
2026-07-27$745.9M17,606,852186,573

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1539.4%
DateShort shareShort volumeTotal volume
2026-10-1539.4%8,432,44921,422,626
2026-10-1437.9%3,455,5519,110,664
2026-10-1347.5%6,302,73913,256,758
2026-10-1247.5%4,538,8099,546,434
2026-10-0950.0%6,255,93512,522,356
2026-10-0842.8%6,872,78216,058,806
2026-10-0733.1%5,510,78016,673,943
2026-10-0639.4%8,594,07321,786,774
2026-10-0547.0%13,757,49329,261,037
2026-10-0254.3%33,448,80561,578,192
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-0.8Jan+0.9Feb-1.1Mar+1.2Apr+0.2May+0.5Jun+1.9Jul+0.4Aug+3.2Sep+1.0Oct+4.4Nov+0.6Dec
MonthAvg returnUp yearsYears
Jan−0.8%45%20
Feb+0.9%55%20
Mar−1.1%43%21
Apr+1.2%55%20
May+0.2%55%20
Jun+0.5%60%20
Jul+1.9%60%20
Aug+0.4%50%20
Sep+3.2%60%20
Oct+1.0%55%20
Nov+4.4%90%20
Dec+0.6%55%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1458.2
MFI46.0
ADX25.5
Stochastic %K / %D82.7 / 77.2
Williams %R-12.5
CCI155
TSI / signal-11.8 / -24.2
Chaikin money flow0.24
ATR$1.14
Bollinger width10.1%
Volume vs 20-day avg0.59x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$35.46 (+4.7%)
SMA 50$37.46 (−0.9%)
SMA 200$47.28 (−21.5%)
EMA 21$35.86 (+3.5%)
EMA 50$37.40 (−0.7%)
EMA 200$46.21 (−19.6%)
Bollinger upper$37.26 (−0.3%)
Bollinger lower$33.67 (+10.3%)
Parabolic SAR$32.66 (+13.7%)
Open the live chart, 110+ indicators

About NIKE, Inc.

NIKE, Inc., through its various subsidiaries, operates as a global enterprise focused on the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories for all ages and genders. Beyond its primary offerings, the company provides a range of athletic and casual footwear, clothing, and accessories under the notable Jumpman trademark. It also distributes a variety of casual sneakers, apparel, and accessories, featuring well-known brands like Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell. Under the NIKE brand itself, the company supplies a comprehensive line of performance sports gear and accessories, such as bags, socks, sports balls, eyewear, timepieces, digital devices, bats, gloves, and protective equipment. Additionally, NIKE sells various plastic products to other manufacturers. The company also markets sportswear adorned with licensed logos from college and professional sports teams and leagues. Furthermore, it engages in licensing arrangements, allowing unaffiliated parties to manufacture and sell apparel, digital devices, applications, and other sports equipment under NIKE-owned trademarks. Its extensive product catalog reaches consumers globally through diverse channels, including specialized footwear, sporting goods, athletic specialty, department, skate, tennis, and golf stores. Distribution occurs via NIKE's proprietary retail outlets, digital e-commerce platforms, independent distributors, authorized licensees, and sales representatives. Founded in 1964, the company was originally named Blue Ribbon Sports, Inc., before officially becoming NIKE, Inc. in 1971, and maintains its corporate headquarters in Beaverton, Oregon.

https://www.nike.com

Key executives

NameTitlePayBorn
Elliott J. HillChief Executive Officer, President & Director$4.2M1964
Philip H. KnightCo-Founder & Chairman Emeritus$3.1M1938
Matthew FriendAdvisor$2.4M1978
Rob LeinwandExecutive Vice President & Chief Legal Officer$2.0M—
Treasure HeinleExecutive VP and Chief Human Resources & People Officer$1.9M—
Venkatesh AlagirisamyExecutive VP & COO$1.9M1977
Thomas E. ClarkeChief Growth Initiatives Officer$1.3M1952
Ann MillerExecutive Vice President & Global Sports Marketing$1.1M1975

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Elliott Hill President and Chief Executive Officer2026$1.5M$28.1M$2.2M$36.3M
Matthew Friend Executive Vice President and Chief Financial Officer2026$1.2M$10.7M$1.2M$15.2M
Robert Leinwand Executive Vice President, Chief Legal Officer2026$1.0M$8.6M$959,400$12.0M
Treasure Heinle Executive Vice President, Chief People Officer2026$984,615$8.6M$936,000$12.0M
Venkatesh Alagirisamy Executive Vice President, Chief Operating Officer2026$960,096$8.1M$900,900$11.5M

Employees

77k201975k202073k202179k202284k202379k202478k202573k2026

Dividends

Ex-dateAmountPaid
2026-09-01$0.412026-10-01
2026-06-01$0.412026-07-01
2026-03-02$0.412026-04-01
2025-12-01$0.412026-01-02
2025-09-02$0.42025-10-01
2025-06-02$0.42025-07-01
2025-03-03$0.42025-04-01
2024-12-02$0.42025-01-02

Moat model

None · Efficient Scale · 2026-08-31
Cost advantage30
Intangibles26
Switching costs12
Network effect50
Efficient scale100
Our component scores (0-100) and overall 38.0; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms