
$46.4B+0% YoYFY 2025
→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
$3.1B−3% YoYFY 2025
→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
+0.2%revenue growth, FY 2025
→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
$2.2B−33% YoYFY 2025
→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
→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
→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
→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
◌ 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
18.3xP/E today
◌ 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
6.6%FCF yield today
◌ 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
◌ 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
→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
→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
→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
→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
→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
→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
→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