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NikeNKE

$32.8B market cap
NikeNKE
Revenue

Revenue: is the business selling more than it used to?

$46.4B+0% YoYFY 2025

0.00$20.0B$40.0B2011201220132014201520162017201820192020202120222023$51.4B20242025$46.4B

Revenue reached $46.4B in 2025, compounding -3% a year since 2022 though the path has been bumpy.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Net income

Net income: how much of that revenue becomes profit?

$3.1B−3% YoYFY 2025

0.00$2.5B$5.0B20112012201320142015201620172018201920202021$6.0B2022202320242025$3.1B

Net income was $3.1B in 2025, compounding -15% a year over three years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Growth rate

How fast is it growing, year by year?

+0.2%revenue growth, FY 2025

0.0%100%201220132014201520162017201820192020202120222023202420250.2%-3.4%

Revenue grew +0% in 2025 against a five-year average of +1%. Earnings went the other way (-3%) even as sales grew, so margins compressed: costs rose faster than revenue.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Per-share growth

Revenue per share: is your slice growing as fast as the company?

$31.33revenue per share, FY 2025

0.0020.0020112012201320142015201620172018201920202021202220232024202531.331.47

Revenue per share reached $31.33 in 2025, compounding -1% a year against -3% for NKE as a whole. Buybacks added roughly 1.9 points to your per-share result. Free cash flow per share stands at $1.47.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Free cash flow

Free cash flow: what is left in real cash after everything?

$2.2B−33% YoYFY 2025

0.00$2.5B$5.0B2011201220132014201520162017201820192020202120222023$6.6B20242025$2.2B

Free cash flow was $2.2B in 2025, compounding -23% a year since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Cash conversion

How much of every sales dollar ends up as free cash?

0.0%5.0%10%201120122013201420152016201720182019202013%202120222023202420254.7%

5 cents of every sales dollar became free cash in 2025, down 5 points since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Spending intensity

What does staying competitive cost, per dollar of sales?

0.0%2.0%2011201220132014201520162017201820192020202120222023202420251.5%1.5%

The biggest claim on each sales dollar is stock compensation, at 2% of revenue (capital spending 1%).

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Margins

Margins: of every $1 of sales, how much survives each cost layer?

0.0%20%40%20112012201320142015201620172018201920202021202220232024202543%6.7%

Net margin stands at 7% in 2025. NKE doesn't break out gross or operating margin in its filings, so net is the only layer the data supports.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Returns on capital

What does it earn on the money it uses?

0.0%20%40%201120122013201420152016201720182019202020212022202320242025202621%8.1%

2026 = trailing twelve months to the latest filed quarter (2026-05-31), not a full fiscal year

NKE earns 21% on shareholders' capital. Return on capital employed isn't meaningful for this business model, so ROE carries the picture alone.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Valuation history

What has the market paid for NKE over time?

18.3xP/E today

0.0020.0040.0020152016201720182019202020212022202320242025202611-year median 31.8xP/E 18.30

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

At 18.3x earnings, the market is paying 43% less than NKE's own 11-year median of 31.8x. Pessimism is priced in - the question is whether it is deserved. Today's multiple is the lowest in the charted history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Free cash flow yield

What cash return does the business throw off per dollar of market value?

6.6%FCF yield today

0.0%2.5%5.0%20152016201720182019202020212022202320242025202611-year median 3.1%FCF yield 6.6%

2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages

Every dollar of market value currently buys 6.6% of annual free cash flow, more than its 11-year median of 3.1% - the cash is cheaper than usual.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Debt & cash

Could it handle its debt if things went wrong?

0.00$5.0B$10.0B201220132014201520162017201820192020202120222023202420252026$7.9B$10.1B

2026 = the latest balance sheet (2026-05-31), not a fiscal year-end

Debt of $7.9B sits against $7.6B of cash, or 0.5x shareholders' equity.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Shareholders' equity

Is the company's own capital growing?

0.00$10.0B20122013201420152016201720182019202020212022$15.3B2023202420252026$14.9B

The company's own capital grew from $14.1B in 2023 to $14.9B (+5%). The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Capital returned

How much goes back, and how much leaks out as stock comp?

0.00$2.0B$4.0B2011201220132014201520162017201820192020202120222023202420252026

Shareholders received $146M in buybacks and $2.4B in dividends in 2025. Stock compensation issued $715M of new shares in the same year, offsetting 28% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Dilution rate

How fast is your ownership being diluted - or concentrated?

-2.0%0.0%2012201320142015201620172018201920201.1%20212022202320242025-0.4%

The share count shrank 0.4% in 2025, averaging 1.9% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Dividend per share

Is the dividend cheque growing?

0.001.00201120122013201420152016201720182019202020212022202320242025DPS 1.63

The dividend per share reached $1.63 in 2025, compounding +10% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Payout quality

Can it afford the dividend?

0.0%50%100%20112012201320142015201620172018201920202021202220232024202577%110%

The dividend consumed 77% of profit and 110% of free cash flow in 2025. That is a thin cushion: a bad year would put the payment under real pressure.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Dilution against what it bought

NKE has issued or retired shares - did shareholders end up better off?

010020020112012201320142015201620172018201920202021202220232024202579252

NKE has shrunk its share count -21% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +152% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

NikeNKE
Insider flow

Are the people running it buying or selling?

0.00$2M$4MDec '25Feb '26Apr '26Jun '26Aug '26

Insiders bought $8M and sold $2M on the open market, a net purchase of $6M. A further 36 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31

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