A Business at a Glance
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DICK'S SPORTING GOODS, INC.
DKS
$17.6B
Mkt Cap
$206.04
+0.82%
DICK'S SPORTING GOODS, INC. (DKS) has a current P/E ratio of 12.2, compared to its historical median P/E of 10.9. The stock is currently considered Fair based on its historical valuation range.
DICK'S SPORTING GOODS, INC. (DKS) has a 5-year average return on invested capital (ROIC) of 38.3%. This indicates strong capital allocation and a potential competitive advantage.
DICK'S SPORTING GOODS, INC. (DKS) has a market capitalization of $11.6B. It is classified as a large-cap stock.
Yes, DICK'S SPORTING GOODS, INC. (DKS) pays a dividend with a trailing twelve-month yield of 3.30%. The company also returns capital through share buybacks, with a buyback yield of 6.01%.
Based on historical P/E analysis, DICK'S SPORTING GOODS, INC. (DKS) appears fair. The current P/E of 12.2 is 13% above its historical median of 10.9. The estimated fair value CAGR (P/E method) is 24.1%.
DICK'S SPORTING GOODS, INC. (DKS) operates in the Retail-Miscellaneous Shopping Goods Stores industry, within the Consumer Cyclical sector.
DICK'S Sporting Goods is a leading omni-channel sporting goods retailer operating 723 locations across the United States as of February 2025, offering authentic sports equipment, apparel, footwear, and accessories through stores, online, and mobile apps. The company operates multiple specialty concepts including Golf Galaxy, Public Lands, Going Going Gone!, DICK'S House of Sport, and Golf Galaxy Performance Center stores, as well as GameChanger, a youth sports mobile platform for live streaming and scheduling. The business model combines physical retail with experiential in-store elements such as HitTrax batting cages and Trackman golf simulators, supported by dedicated teammates and premium full-service footwear decks, to drive customer engagement and market share gains. The company serves athletes across diverse sports categories through a differentiated product assortment featuring both national brands and proprietary vertical brands, with a focus on omni-channel integration and community engagement. DICK'S also owns and operates Foot Locker, which it acquired in 2024, expanding its footprint into youth-focused athletic footwear and apparel retail globally. The company's strategic pillars center on athlete experience, differentiated product, brand engagement, and teammate development, with ongoing investment in new store formats including House of Sport and Field House prototypes designed to drive long-term profitable growth.
【Strategic expansion and margin recovery】 Management expects continued comparable sales growth for the DICK'S business in 2026 driven by strong execution of strategic initiatives and brand partnerships, with slightly higher comps anticipated in the first half due to World Cup timing. Operating margins are expected to decline in the first half due to planned investments in marketing, store openings, and technology, but expand in the second half as synergy benefits and operational leverage materialize. The company is accelerating House of Sport and Field House store openings as core long-term growth drivers, with plans to open approximately 14 House of Sport and 22 Field House locations in 2026, supported by approximately $1 billion in capital expenditures for the DICK'S business. Foot Locker is expected to inflect beginning with back-to-school 2026 following inventory optimization and store portfolio repositioning, with management confident in achieving previously announced cost synergies and returning the business to accretive performance.
| Metric | Target | Period |
|---|---|---|
| DICK'S Comparable Sales Growth | 2.5%-4% | FY2026 |
| DICK'S Operating Margin (high end) | approximately 11.4% | FY2026 |
| Foot Locker Pro Forma Comparable Sales Growth | 1.5%-3% | FY2026 |
| Foot Locker Operating Income | $110 million to $150 million | FY2026 |
| Consolidated Non-GAAP EPS | $13.50-$14.50 | FY2026 |
| Net Capital Expenditures | approximately $1.4 billion | FY2026 |
| House of Sport Store Openings | approximately 16 additional stores | FY2025 |
| DICK'S Field House Store Openings | approximately 18 additional stores | FY2025 |
| Golf Galaxy Performance Center Openings | approximately 14 locations | FY2025 |
DICK'S Comparable Sales Growth (FY2026): “we now expect full-year comp sales growth in the range of 2.5%-4%, compared to our prior growth expectation of 2%-4%”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2027 Earnings Call, Q3 FY2027 Earnings Call, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 13.9B | 17.2B | 13.4B | 13.0B | 12.4B | 12.3B |
| Net Income | 1.2B | 849M | 1.2B | 1.0B | 1.0B | 1.5B |
| EPS | $14.81 | $9.97 | $14.05 | $12.18 | $10.78 | $13.87 |
| Free Cash Flow | 517M | 400M | 509M | 940M | 558M | 1.3B |
| ROIC | 49.9% | 24.6% | 269.7% | 10.9% | 47.7% | 69.8% |
| Gross Margin | 36.3% | 32.9% | 35.9% | 34.9% | 34.6% | 38.3% |
| Debt/Equity | 0.44 | 0.35 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dividends/Share | $6.80 | $4.85 | $4.40 | $4.00 | $1.95 | $7.10 |
| Operating Income | 1.6B | 1.1B | 1.5B | 1.3B | 1.5B | 2.0B |
| Operating Margin | 11.3% | 6.4% | 11.0% | 9.9% | 11.8% | 16.5% |
| ROE | 36.1% | 19.4% | 40.1% | 40.7% | 45.1% | 68.4% |
| Shares Outstanding | 57M | 85M | 83M | 86M | 97M | 110M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 6.8B | 7.3B | 7.9B | 8.6B | 8.4B | 8.8B | 9.6B | 12.3B | 12.4B | 13.0B | 13.4B | 17.2B | 13.9B |
| Gross Margin | 30.6% | 30.0% | 29.9% | 29.0% | 28.9% | 29.2% | 31.8% | 38.3% | 34.6% | 34.9% | 35.9% | 32.9% | 36.3% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.5B | 1.6B | 1.9B | 2.0B | 2.0B | 2.2B | 2.3B | 2.7B | 2.8B | 3.2B | 3.3B | 4.3B | 3.4B |
| EBIT | 554M | 535M | 450M | 478M | 445M | 376M | 741M | 2.0B | 1.5B | 1.3B | 1.5B | 1.1B | 1.6B |
| Op. Margin | 8.1% | 7.4% | 5.7% | 5.6% | 5.3% | 4.3% | 7.7% | 16.5% | 11.8% | 9.9% | 11.0% | 6.4% | 11.3% |
| Net Income | 344M | 330M | 287M | 323M | 320M | 297M | 530M | 1.5B | 1.0B | 1.0B | 1.2B | 849M | 1.2B |
| Net Margin | 5.1% | 4.5% | 3.6% | 3.8% | 3.8% | 3.4% | 5.5% | 12.4% | 8.4% | 8.1% | 8.7% | 4.9% | 8.7% |
| Non-Recurring | 17M | 4.5M | 13M | 1.7M | 3.4M | 34M | 0 | 0 | 0 | 4.6M | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 21.9% | 20.2% | 16.4% | 16.8% | 17.6% | 15.6% | 47.1% | 69.8% | 47.7% | 10.9% | N/M | 24.6% | 49.9% |
| ROE | 19.5% | 18.2% | 15.5% | 16.7% | 16.6% | 16.4% | 26.0% | 68.4% | 45.1% | 40.7% | 40.1% | 19.4% | 36.1% |
| ROA | 10.7% | 9.5% | 7.5% | 7.8% | 7.6% | 5.5% | 7.4% | 18.1% | 11.6% | 11.4% | 11.8% | 6.1% | 11.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 606M | 650M | 769M | 746M | 713M | 405M | 1.6B | 1.6B | 922M | 1.5B | 1.3B | 1.5B | 1.5B |
| Free Cash Flow | 257M | 280M | 347M | 272M | 515M | 187M | 1.3B | 1.3B | 558M | 940M | 509M | 400M | 517M |
| Owner Earnings | 400M | 427M | 502M | 472M | 427M | 49M | 1.2B | 1.2B | 506M | 1.1B | 840M | 925M | -1.8B |
| CapEx | 349M | 370M | 422M | 474M | 198M | 217M | 224M | 308M | 364M | 587M | 803M | 1.1B | 1.0B |
| Maint. CapEx | 179M | 194M | 234M | 238M | 244M | 313M | 326M | 323M | 365M | 394M | 400M | 489M | 3.3B |
| Growth CapEx | 170M | 176M | 188M | 237M | 0 | 0 | 0 | 0 | 0 | 193M | 402M | 649M | 0 |
| D&A | 179M | 194M | 234M | 238M | 244M | 313M | 326M | 323M | 365M | 394M | 400M | 489M | 3.3B |
| CapEx/OCF | 57.6% | 57.5% | 54.9% | 63.6% | 27.8% | 53.7% | 14.4% | 19.1% | 39.5% | 38.5% | 61.2% | N/A | 66.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 61M | 65M | 68M | 73M | 89M | 98M | 107M | 603M | 163M | 351M | 362M | 414M | 385M |
| Dividend Yield | 1.4% | 1.5% | 1.6% | 2.4% | 3.3% | 3.5% | 3.0% | 6.0% | 1.8% | 3.3% | 2.2% | N/A | 3.3% |
| Share Buybacks | 200M | 357M | 146M | 285M | 323M | 402M | 0 | 1.1B | 458M | 649M | 263M | 347M | 700M |
| Buyback Yield | 4.0% | 10.7% | 3.3% | 10.0% | 11.7% | 11.8% | N/A | 10.1% | 4.0% | 5.2% | 1.3% | 0.0% | 6.0% |
| Stock-Based Comp | 26M | 29M | 34M | 36M | 42M | 43M | 50M | 53M | 51M | 57M | 71M | 124M | 77M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 17M | 15M | 516M | 137K | 0 | 1.0M | 1.0M |
| Balance Sheet | |||||||||||||
| Net Debt | -215M | -113M | -159M | -36M | -52M | -69M | -1.7B | -4.6B | -2.8B | -3.0B | -2.8B | -415M | -977M |
| Cash & Equiv. | 222M | 119M | 165M | 101M | 114M | 69M | 1.7B | 2.6B | 1.9B | 1.8B | 1.7B | 1.4B | 2.5B |
| Long-Term Debt | 5.9M | 5.3M | 4.7M | 60M | 52M | 0 | 0 | 0 | 0 | 0 | 0 | -1.1M | N/A |
| Debt/Equity | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.35 | 0.44 |
| Interest Coverage | 172.3 | 133.4 | 76.8 | 59.3 | 43.4 | 22.1 | 15.2 | 35.2 | 15.4 | 22.1 | 27.8 | 17.1 | 29.6 |
| Equity | 1.8B | 1.8B | 1.9B | 1.9B | 1.9B | 1.7B | 2.3B | 2.1B | 2.5B | 2.6B | 3.2B | 5.5B | 3.4B |
| Total Assets | 3.4B | 3.6B | 4.1B | 4.2B | 4.2B | 6.6B | 7.8B | 9.0B | 9.0B | 9.3B | 10.5B | 17.4B | 10.7B |
| Total Liabilities | 1.6B | 1.8B | 2.1B | 2.3B | 2.3B | 4.9B | 5.4B | 6.9B | 6.5B | 6.7B | 7.3B | 11.9B | 666M |
| Intangibles | 110M | 109M | 141M | 137M | 130M | 95M | 90M | 87M | 60M | 57M | 59M | 769M | 59M |
| Retained Earnings | 1.5B | 1.7B | 2.0B | 2.2B | 2.5B | 2.6B | 3.1B | 4.0B | 4.9B | 5.6B | 6.4B | 6.8B | 6.8B |
| Working Capital | 680M | 621M | 598M | 581M | 618M | 334M | 1.2B | 2.4B | 2.3B | 2.1B | 2.3B | 2.5B | 2.1B |
| Current Assets | 1.8B | 1.8B | 2.0B | 2.0B | 2.1B | 2.4B | 3.8B | 5.1B | 5.0B | 4.9B | 5.4B | 7.1B | 5.1B |
| Current Liabilities | 1.1B | 1.2B | 1.4B | 1.4B | 1.5B | 2.1B | 2.6B | 2.7B | 2.6B | 2.8B | 3.1B | 4.6B | 3.0B |
| Per Share Data | |||||||||||||
| EPS | 2.84 | 2.83 | 2.56 | 3.01 | 3.24 | 3.34 | 5.72 | 13.87 | 10.78 | 12.18 | 14.05 | 9.97 | 14.81 |
| Owner EPS | 3.30 | 3.66 | 4.47 | 4.40 | 4.33 | 0.55 | 12.69 | 11.33 | 5.23 | 12.52 | 10.13 | 10.86 | -32.57 |
| Book Value | 15.12 | 15.33 | 17.19 | 18.07 | 19.29 | 19.44 | 25.24 | 19.18 | 26.09 | 30.46 | 38.56 | 65.04 | 59.35 |
| Cash Flow/Share | 5.00 | 5.57 | 6.85 | 6.95 | 7.22 | 4.54 | 16.75 | 14.76 | 9.53 | 17.78 | 15.82 | 18.05 | 79.94 |
| Dividends/Share | 0.50 | 0.55 | 0.61 | 0.68 | 0.90 | 1.10 | 1.25 | 7.10 | 1.95 | 4.00 | 4.40 | 4.85 | 6.80 |
| Shares Out. | 121.2M | 116.7M | 112.3M | 107.5M | 98.7M | 89.1M | 92.7M | 109.6M | 96.8M | 85.9M | 82.9M | 85.2M | 56.5M |
| Valuation | |||||||||||||
| P/E Ratio | 14.5 | 10.1 | 15.4 | 8.8 | 8.7 | 11.5 | 10.2 | 7.4 | 10.9 | 12.0 | 17.3 | N/A | 13.9 |
| P/FCF | 19.5 | 12.0 | 12.8 | 10.4 | 5.4 | 18.2 | 4.1 | 8.6 | 20.3 | 13.4 | 39.7 | N/A | 22.5 |
| EV/EBIT | 8.2 | 5.8 | 9.1 | 5.7 | 5.7 | 9.9 | 2.9 | 3.7 | 6.1 | 8.2 | 12.4 | N/A | 6.8 |
| Price/Book | 2.7 | 1.9 | 2.3 | 1.5 | 1.5 | 2.0 | 2.3 | 5.4 | 4.5 | 4.8 | 6.3 | N/A | 3.5 |
| Price/Sales | 0.6 | 0.6 | 0.5 | 0.4 | 0.3 | 0.3 | 0.4 | 0.8 | 0.8 | 0.8 | 1.2 | N/A | 0.8 |
| FCF Yield | 5.1% | 8.4% | 7.8% | 9.6% | 18.6% | 5.5% | 24.5% | 11.6% | 4.9% | 7.5% | 2.5% | N/A | 4.4% |
| Market Cap | 5.0B | 3.4B | 4.4B | 2.8B | 2.8B | 3.4B | 5.4B | 11.3B | 11.3B | 12.6B | 20.2B | 0 | 11.6B |
| Avg. Price | 36.19 | 37.22 | 38.65 | 28.89 | 27.36 | 31.69 | 38.51 | 91.19 | 96.01 | 123.28 | 200.40 | 0.00 | 206.04 |
| Year-End Price | 41.24 | 28.72 | 39.49 | 26.45 | 28.05 | 38.30 | 58.60 | 103.15 | 117.24 | 146.52 | 243.50 | 0.00 | 206.04 |
DICK'S SPORTING GOODS, INC. passes 6 of 9 quality checks, suggesting mixed fundamentals.
DICK'S SPORTING GOODS, INC. trades at 12.2x trailing earnings, compared to its 15-year median P/E of 10.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 10.8x vs a median of 12.8x. The company's 5-year average ROIC is 38.3% with a gross margin of 35.3%. Total shareholder yield (dividends + buybacks) is 9.3%. At current prices, the estimated annualized return to fair value is +10.6%.
DICK'S SPORTING GOODS, INC. (DKS) reported annual revenue of $17.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
DICK'S SPORTING GOODS, INC. (DKS) has a net profit margin of 4.9%. This is a modest margin.
DICK'S SPORTING GOODS, INC. (DKS) generated $400 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
DICK'S SPORTING GOODS, INC. (DKS) has a debt-to-equity ratio of 0.35. This indicates a conservatively financed balance sheet.
DICK'S SPORTING GOODS, INC. (DKS) reported earnings per share (EPS) of $9.97 in its most recent fiscal year.
DICK'S SPORTING GOODS, INC. (DKS) has a return on equity (ROE) of 19.4%. This indicates the company generates strong returns for shareholders.
DICK'S SPORTING GOODS, INC. (DKS) has a 5-year average gross margin of 35.3%. This indicates decent pricing power.
The Ledger Terminal provides 16 years of financial data for DICK'S SPORTING GOODS, INC. (DKS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
DICK'S SPORTING GOODS, INC. (DKS) has a book value per share of $65.04, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued comparable sales growth for the DICK'S business in 2026 driven by strong execution of strategic initiatives and brand partnerships, with slightly higher comps anticipated in the first half due to World Cup timing. Operating margins are expected to decline in the first half due to planned investments in marketing, store openings, and technology, but expand in the second half as synergy benefits and operational leverage materialize. The company is accelerating House of Sport and Field House store openings as core long-term growth drivers, with plans to open approximately 14 House of Sport and 22 Field House locations in 2026, supported by approximately $1 billion in capital expenditures for the DICK'S business. Foot Locker is expected to inflect beginning with back-to-school 2026 following inventory optimization and store portfolio repositioning, with management confident in achieving previously announced cost synergies and returning the business to accretive performance.
Based on recent SEC filings and earnings calls, DICK'S SPORTING GOODS, INC. (DKS) has provided the following forward guidance: DICK'S Comparable Sales Growth: 2.5%-4% (FY2026); DICK'S Operating Margin (high end): approximately 11.4% (FY2026); Foot Locker Pro Forma Comparable Sales Growth: 1.5%-3% (FY2026); Foot Locker Operating Income: $110 million to $150 million (FY2026); Consolidated Non-GAAP EPS: $13.50-$14.50 (FY2026), plus 4 additional metrics.
DICK'S Operating Margin (high end) (FY2026): “we now expect the high end of our expectation for the DICK'S business to be approximately 11.4%, which is above our prior expectation of approximately 11.2%”
Foot Locker Pro Forma Comparable Sales Growth (FY2026): “we now expect full-year pro forma comp sales growth in the range of 1.5% to 3%, compared to our prior growth expectation of 1% to 3%”
Foot Locker Operating Income (FY2026): “We now expect operating income for the Foot Locker business to be in the range of $110 million to $150 million, compared to our prior expectation of $100 million to $150 million”
Consolidated Non-GAAP EPS (FY2026): “At the consolidated company level, we continue to expect full-year non-GAAP earnings per diluted share in the range of $13.50 to $14.50”
Net Capital Expenditures (FY2026): “We now expect net capital expenditures of approximately $1.4 billion for the full-year, split roughly 70/30 across DICK'S and Foot Locker businesses”
House of Sport Store Openings (FY2025): “with plans to open approximately 16 additional stores in 2025”
DICK'S Field House Store Openings (FY2025): “with plans to open approximately 18 additional stores in 2025”