Zacks Investment Research·1 day ago
NIKE's Wholesale Strength: A Signal of a Turnaround Ahead?NKE's wholesale business is gaining momentum as stronger retail partnerships and healthier inventory support its turnaround strategy.
NIKE, Inc.(NKE)Earnings, Financials & Key Ratios
NKE•NYSE
$43.34
20.1× P/E·Price updated Jul 6, 2026
SectorConsumer CyclicalIndustryFootwear & AccessoriesSub-IndustryAthletic and casual footwear brands
AboutNIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. In addition, it sells a line of performance equipment and accessories comprising bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. The company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel. Additionally, it licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. The company sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.Show more
- Revenue$46.31B-9.8%
- EBITDA$4.51B-37.0%
- Net Income$3.22B-43.5%
- EPS (Diluted)2.16-42.1%
- Gross Margin42.73%-4.1%
- EBITDA Margin9.74%-30.1%
- Operating Margin7.99%-34.9%
- Net Margin6.95%-37.4%
- ROE23.29%-41.9%
NKE Price & Volume
NIKE, Inc. (NKE) stock price & volume — 10-year historical chart
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Nike Faces Structural Margin and Growth Headwinds
Investment Thesis • Updated 2026Q3
VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Healthy
Cash Flow:Deteriorating
Primary Risk:Innovation and market share loss
Key Thesis Takeaways
- Nike is currently navigating a difficult strategic transition characterized by stagnant revenue growth of 0.1% in 2026Q3 and significant margin compression as it struggles to defend market share against agile competitors.
- While the company maintains a manageable debt-to-equity ratio of 0.79, the erosion of retained earnings into a $610 million deficit suggests that current capital allocation policies may be unsustainable.
- Investors should monitor whether the firm can restore its historical mid-40s gross margin profile or if the current 4.9% operating margin represents a new, lower baseline for profitability.
Verdict Logic
the company's 35.2% decline in EPS for 2026Q3 and the deterioration of free cash flow margins to 2.5% indicate that the current valuation of 18.87x P/E may not fully account for ongoing operational risks.
NKE Growth Metrics
NIKE, Inc. (NKE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.23%
5 Years4.36%
3 Years-0.29%
TTM-2.71%
Profit CAGR
10 Years-0.17%
5 Years4.86%
3 Years-18.95%
TTM-50.09%
EPS CAGR
10 Years1.56%
5 Years6.19%
3 Years-16.8%
TTM-49.5%
Return on Capital
10 Years23.55%
5 Years21.44%
3 Years18.97%
Last Year13.83%
NKE Recent Earnings
NIKE, Inc. (NKE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 9/12 qtrs (75%)
Q3 2026Latest
Jun 30, 2026Metric
Actual
Est
EPS
$0.72+554.5%
$0.11
Rev
$11.0B+1.1%
$10.8B
Q2 2026
Mar 31, 2026Metric
Actual
Est
EPS
$0.35+20.4%
$0.29
Rev
$11.3B+0.4%
$11.2B
Q4 2025
Dec 18, 2025Metric
Actual
Est
EPS
$0.53+41.4%
$0.37
Rev
$12.4B+1.8%
$12.2B
Q4 2025
Sep 30, 2025Metric
Actual
Est
EPS
$0.49+80.1%
$0.27
Rev
$11.7B+6.6%
$11.0B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 30, 2026 | $0.72vs $0.11+554.5% | $11.0Bvs $10.8B+1.1% |
| Q2 2026 | Mar 31, 2026 | $0.35vs $0.29+20.4% | $11.3Bvs $11.2B+0.4% |
| Q4 2025 | Dec 18, 2025 | $0.53vs $0.37+41.4% | $12.4Bvs $12.2B+1.8% |
| Q4 2025 | Sep 30, 2025 | $0.49vs $0.27+80.1% | $11.7Bvs $11.0B+6.6% |
Based on last 12 quarters of dataView full earnings history →
Latest NKE News
Recent stock market news and headlines for NIKE, Inc. (NKE)
Zacks Investment Research·1 day ago
Bear of the Day: Nike (NKE)Nike ( NKE ) shares continue to slide for one primary reason which the Zacks Rank has warned investors about for the past two years: persistent downward EPS estimate revisions by Wall Street analysts. In just the past few months the consensus EPS estimate for FY 2027 (ends May) has declined by 20% from $2.00 to $1.80.
24/7 Wall Street·1 day ago
Oversold vs Undervalued: 3 Stocks Sitting in the Sweet Spot for Retirement InvestorsWhat's the difference between a stock that is oversold and one that is undervalued?
Benzinga·1 day ago
Netflix, Alphabet, Nike And A Consumer Defensive Stock On CNBC's ‘Final Trades'On CNBC's “Halftime Report Final Trades,” Capital Wealth Planning founder Kevin Simpson named Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) as his final trade.
The Motley Fool·1 day ago
Down 32%, Is Nike the Smartest Dividend Stock to Buy for the Second Half of 2026?Nike is still navigating challenges in growing sales, with revenue down 1% year over year last quarter. Over the last year, Nike paid out significantly more in dividends than it generated in free cash flow.
Peers Comparison
Key metrics vs top competitors for NIKE, Inc. (NKE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $43.34 | $64.14B | 20.06 | -9.84% | 6.95% | 23.29% | 3.57% | |
| $6.81 | $2.91B | -5.87 | -3.86% | -9.94% | -30.13% | — | |
| $36.87 | $12.29B | 51.21 | 24.16% | 8.05% | 15.91% | — | |
| $105.67 | $14.68B | 15.05 | 9.4% | 18.73% | 40.79% | — | |
| $16.50 | $6.46B | 25.78 | 1.06% | 2.65% | 15.92% | — | |
| $76.83 | $3.54B | 144.96 | 3.44% | 0.25% | 0.45% | — |
Compare NKE vs Peers
NIKE, Inc. (NKE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NKE SEC Filings & Documents
NIKE, Inc. (NKE) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 30, 2026·SEC
Material company update
Jun 23, 2026·SEC
Material company update
Jun 18, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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NKE Frequently Asked Questions
NIKE, Inc. (NKE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is NIKE, Inc.'s revenue?
NIKE, Inc. (NKE) reported $46.52B in revenue for fiscal year 2025. This represents a 619% increase from $6.47B in 1996.
How fast is NIKE, Inc. growing?
NIKE, Inc. (NKE) saw revenue decline by 9.8% over the past year.
Is NKE profitable?
Yes, NIKE, Inc. (NKE) is profitable, generating $2.25B in net income for fiscal year 2025 (7.0% net margin).
Dividend & Returns
Does NKE pay dividends?
Yes, NIKE, Inc. (NKE) pays a dividend with a yield of 3.57%. This makes it attractive for income-focused investors.
What is NKE's return on equity?
NIKE, Inc. (NKE) has a return on equity (ROE) of 23.3%. This is excellent, indicating efficient use of shareholder capital.
What is NIKE, Inc.'s free cash flow?
NIKE, Inc. (NKE) generated $1.05B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.