Nike, Inc.
NKE stock analysis · Consumer Discretionary · Apparel, Accessories & Luxury Goods
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Reviewed economically equivalent common shares; unlisted/other class priced at the displayed class price (proxy). Shares measured 2026-05-31. Approximate; share and price dates can differ. Annual balance-sheet outstanding counts. Common stock note says A converts to B1:1 and no differences in dividend/liquidation preferences or participation rights. Special redeemable preferred also exists: this common-share review does not remove any preferred claim from equity-accounting checks.
View share-count filing ↗Derived operating income
Derived consolidated operating income from the reviewed income statement, rather than a separately tagged subtotal. Gross profit less the complete selling and administrative expense subtotal. Separately presented net interest and other nonoperating income are excluded. Applies only to the two recorded fiscal periods; source history can contain later restatements. Nike presents other income outside this subtotal; that line includes monetary foreign exchange and unusual transactions, potentially legal settlements. This follows the displayed gross-profit/SG&A operating presentation and is not Nike management EBIT. Read the financial statement ↗
DCF value
Equity cash-flow scenario · Reviewed issuer-equivalent shares at 2026-05-31 · -18.5% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
43 sector peers · median 24.8×
How this is calculated ↗Historical multiples
7 annual observations · snapshot P/E 18.9× · -37.0% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation)
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Parent-earnings fallback versus consolidated cash flow · scope limitation
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $41.98 | $45.81 | $49.92 |
| 10.0% | $30.76 | $33.47 | $36.38 |
| 12.0% | $24.27 | $26.34 | $28.55 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2026-05-31 | 46.4B | 3.1B | 2.9B | 684M | 38.4B |
| 2025-05-31 | 46.3B | 3.2B | 3.7B | 430M | 36.6B |
| 2024-05-31 | 51.4B | 5.7B | 7.4B | 812M | 38.1B |
| 2023-05-31 | 51.2B | 5.1B | 5.8B | 969M | 37.5B |
| 2022-05-31 | 46.7B | 6B | 5.2B | 758M | 40.3B |
| 2021-05-31 | 44.5B | 5.7B | 6.7B | 695M | 37.7B |
| 2020-05-31 | 37.4B | 2.5B | 2.5B | 1.1B | 31.3B |
| 2019-05-31 | 39.1B | 4B | 5.9B | 1.1B | 23.7B |
| 2018-05-31 | 36.4B | 1.9B | 5B | 1B | 22.5B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 46.3B | RevenueFromContractWithCustomerExcludingAssessedTax | 2026-07-15 |
| netIncome | 3.2B | NetIncomeLoss Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-07-15 |
| Parent/common earnings proxy | 3.2B | NetIncomeLoss | 2026-07-15 |
| cfo | 3.7B | NetCashProvidedByUsedInOperatingActivities | 2026-07-15 |
| capex | 430M | PaymentsToAcquirePropertyPlantAndEquipment | 2026-07-15 |
| operatingIncome | 3.7B | Reviewed manual correction Derived consolidated operating income from the reviewed income statement, rather than a separately tagged subtotal. Gross profit less the complete selling and administrative expense subtotal. Separately presented net interest and other nonoperating income are excluded. Applies only to the two recorded fiscal periods; source history can contain later restatements. Nike presents other income outside this subtotal; that line includes monetary foreign exchange and unusual transactions, potentially legal settlements. This follows the displayed gross-profit/SG&A operating presentation and is not Nike management EBIT. | 2026-07-15 |
| assets | 36.6B | Assets | 2026-07-15 |
| equity | 13.2B | StockholdersEquity Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income. | 2026-07-15 |
| Parent book equity proxy | 13.2B | StockholdersEquity | 2026-07-15 |
| debt | 8B | LongTermDebt | 2026-07-15 |
| shortDebt | 5M | ShortTermBorrowings | 2025-07-17 |
| cash | 7.5B | CashAndCashEquivalentsAtCarryingValue | 2026-07-15 |
| shares | 1.5B | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-07-15 |
| dividends | 2.3B | PaymentsOfDividendsCommonStock | 2026-07-15 |
| buybacks | 3B | PaymentsForRepurchaseOfCommonStock | 2026-07-15 |
| issuance | 551M | Reviewed manual correction Bounded FY2025-05-31 consolidated financing-statement extraction. Proceeds from exercise of stock options and other stock issuances: 551000000 USD [us-gaap:ProceedsFromIssuanceOrSaleOfEquity]. All 5 financing lines reconcile exactly to reported financing cash flow -5820000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: the statement also aggregates other financing cash flows (net -86000000 USD). Their common-equity portion is not separately disclosed here. Issuance is the sum of separately reported common cash-issuance lines, not an independently verified gross total; additional equity flows may be inside those aggregates. | 2026-07-15 |