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NKE · NYSE

Nike Inc.

Footwear & Accessories · United States

USD 38.32-0.9% daily changeQuote 2026-11-11 · USD
Market cap (USD)
US$56.92B
Trailing P/E
18.42x
Forward P/E
24.80x
Quarterly revenue growth
-4.3%
Trailing net margin
6.7%
Indicated dividend yield
4.3%

Snapshot 2026-11-11 · Latest financial period 2026-08-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-12-17 (provider estimate; issuer confirmation unavailable here).

Company background

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services for men, women, and kids in North America, Europe, the Middle East, Africa, Greater China, the Asia Pacific, and Latin America. The company offers its products under the NIKE, Jordan, Converse, Jumpman, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. It also provides a line of performance equipment and accessories, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities; and sports apparel, as well as sells products to wholesale customers and directly to consumers through NIKE Direct operations; distributes and licenses casual sneakers, apparel, and accessories; and markets apparel with licensed college and professional team and league logos. In addition, the company offers consumer services and experiences, including sport focused events and activations; fitness and activity apps; sport, fitness, and wellness content; and digital services and features in retail stores. It sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other wholesale accounts through NIKE-owned retail stores, independent distributors, licensees, sales representatives, and digital platforms. The company was formerly known as Blue Ribbon Sports, Inc. and changed its name to NIKE, Inc. in May 1971. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon.

Company website

Q1 FY2027

Go beyond the headline.

NKE Stock: Nike’s Reset Has a Cash Bill — Q1 FY2027

Published 2026-10-01

Q1 FY2027 REPORT HIGHLIGHTS

What’s changed for NKE

NIKE improved gross margin, but weak direct sales, a lower earnings outlook and restructuring cash needs make the recovery price-sensitive.

  1. The margin recovery is incomplete.

    Gross margin rose to 42.8%, but lower sales left operating profit below the prior-year quarter.

  2. Direct demand remains weak.

    NIKE Direct sales fell 8%, while Greater China revenue fell 22% on a reported basis.

  3. Pace has an upfront cash bill.

    The $2.5 billion savings estimate is cumulative through FY2031, before $1.0 billion of additional charges and reinvestment.

  4. The dividend needs a funding bridge.

    FY2026 free cash flow of $2.184 billion was below $2.407 billion of dividends.

  5. Valuation still assumes recovery.

    Our $25 central value is below the saved $32.78 post-release reference; a $20 entry review requires the thesis to remain intact.

Comparable businesses

NKE peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricNKENIKE, Inc.Snapshot 2026-11-11Financial period: 2026-08-31DECKDeckers Outdoor CorporationSnapshot 2026-11-11Financial period: 2026-09-30ONONOn Holding AGSnapshot 2026-11-11Financial period: 2026-06-30
Market capMarket value, converted to USDUS$56.92BUS$11.80BUS$11.61B
Forward P/EProvider forward earnings estimate24.80x10.82x16.85x
EV / EBITDAEnterprise value / trailing EBITDA12.30x8.15x—
Revenue growthLatest quarter vs prior-year quarter-4.3%3.5%13.5%
Operating marginLatest reported quarter9.0%23.6%14.0%
Free cash flow yieldTrailing cash flow / market cap3.1%6.9%—
Net debt / EBITDANet debt / trailing EBITDA0.56x-0.48x-1.38x
Debt / equityTotal debt / positive book equity0.73x0.23x0.29x
Trailing P/ETrailing twelve-month earnings18.42x11.71x21.16x
Price / bookPrice / positive book equity per share3.73x5.09x5.80x
EV / salesEnterprise value / trailing revenue1.31x2.03x—
Earnings growthLatest quarter vs prior-year quarter-2.1%27.0%—
Gross marginTrailing twelve months43.4%58.9%64.8%
Net marginTrailing twelve months6.7%19.0%12.3%
Return on equityProvider trailing return; positive equity only21.6%44.3%24.0%
Free cash flow marginTrailing free cash flow / revenue3.9%14.6%9.0%
Dividend yieldIndicated annual dividend / price4.3%——
Earnings payoutProvider trailing dividend payout78.8%0.0%0.0%
Current ratioCurrent assets / current liabilities2.08x2.72x2.83x
BetaProvider historical market sensitivity1.031.112.08

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

Reporting period
Financial history
Chart style
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Market context

Valuation & price history

Adjusted closing price

Price history

Price history loads separately.

Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-11-11. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for NKE

All available reporting periods
Q1 FY20272026-10-01

NKE Stock: Nike’s Reset Has a Cash Bill — Q1 FY2027

Presentation · 2026-10-01 · YouTube

Q4 FY20262026-07-01
Q1 2026

NKE Q1 2026 earnings analysis · No verified episode link yet.

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.