Nike (NKE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Nike

NYSE•Consumer Cyclical•Footwear & Accessories

$36.36+0.58(0.02%)Pre-market

Market Cap

$53.91B

P/E

17.3x

P/S

1.2x

P/B

3.6x

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.

How this company scores

AverageMetricSide Score: 58/100

Strongest: Balance Sheet & Red Flags (21/25); weakest: Growth (10/25).

Profitability15/25

Growth10/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality12/25

Strengths

High ROELow leverageConsistent free cash flowImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.3x5y range 17.3x – 43.7x

Currently below its 20-quarter median.

P/S · 1.2x5y range 1.2x – 5.8x

Currently below its 20-quarter median.

P/B · 3.6x5y range 3.6x – 18.5x

Currently below its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Watch for further erosion.

Price & Volume

Market Cap $53.91B

Metrics at a Glance

as of May 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $46.40B
Q. Revenue: $10.97B
TTM EBITDA: $4.54B
TTM Op. Income: $3.80B
Q. Op. Income: $1.31B
TTM Net Income: $3.11B
Q. Net Income: $1.07B
EPS: $0.721
Shares Out.: $1.48B

$46.40B in TTM revenue grew 0.2% YoY, reaching $10.97B last quarter. TTM EBITDA of $4.54B and TTM operating income of $3.80B show growth is flowing through to the bottom line. TTM net income of $3.11B means revenue is converting into profit. Over the past year, TTM revenue is up 0% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 49.2%
EBITDA Margin: 13.7%
Op. Margin: 11.9%
Net Margin: 9.7%

Op. margin of 11.9% is up 9.1% YoY — cost efficiency is improving. Net margin at 9.7% and gross margin of 49.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 313% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.3x
P/S Ratio: 1.2x
P/B Ratio: 3.6x

At 17.3x P/E, the stock trades within typical market levels. P/S of 1.2x and P/B of 3.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 38% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $38.41B
Cash: $7.56B
Long-Term Debt: $5.94B
Book Value: $14.87B
D/E Ratio: 0.4
Debt/EBITDA: 4.0

With $38.41B in assets and $5.94B in long-term debt, D/E is 0.4and book value is $14.87B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 34% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.64B
TTM Free Cash Flow: $2.18B
FCF Margin: 4.7%
FCF / Net Income: 0.7

TTM FCF of $2.18B on $1.64B in operating cash flow. The FCF / Net Income ratio of 0.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 33% — an improving trend.