A Business at a Glance
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NIKE, Inc. was incorporated in 1967 under the laws of the State of Oregon. As used in this Annual Report on Form 10-K (this "Annual Report"), the terms "we," "us," "our," "NIKE" and the "Company" refer to NIKE, Inc. and its predecessors, subsidiaries and affiliates, collectively, unless the context indicates otherwise. Our principal business activity is the design, development and worldwide marketing and selling of athletic footwear, apparel, equipment, accessories and services. NIKE is the largest seller of athletic footwear and apparel in the world. We sell our products through NIKE Direct operations, which are comprised of both NIKE-owned retail stores and sales through our digital platforms (also referred to as "NIKE Brand Digital") and to wholesale accounts, which include a mix of independent distributors, licensees and sales representatives in nearly all countries around the world. We also offer interactive consumer services and experiences.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 46.5B | 46.3B | 51.4B | 51.2B | 46.7B | 44.5B |
| Net Income | 2.3B | 3.2B | 5.7B | 5.1B | 6.0B | 5.7B |
| EPS | $1.52 | $2.16 | $3.73 | $3.23 | $3.75 | $3.56 |
| Free Cash Flow | 1.0B | 3.3B | 6.6B | 4.9B | 4.4B | 6.0B |
| ROIC | 0.0% | 67.0% | 161.3% | 63.0% | 82.4% | 247.6% |
| Gross Margin | 40.8% | 42.7% | 44.6% | 43.5% | 46.0% | 44.8% |
| Debt/Equity | 0.57 | 0.60 | 0.62 | 0.64 | 0.62 | 0.74 |
| Dividends/Share | $1.61 | $1.57 | $1.45 | $1.33 | $1.19 | $1.07 |
| Operating Income | 0 | 4.0B | 6.9B | 6.2B | 6.9B | 6.9B |
| Operating Margin | 0.0% | 8.6% | 13.4% | 12.1% | 14.7% | 15.5% |
| ROE | 16.0% | 23.3% | 39.5% | 36.2% | 39.6% | 44.9% |
| Shares Outstanding | 1,481M | 1,490M | 1,528M | 1,570M | 1,612M | 1,609M |
NIKE, Inc. passes 7 of 9 quality checks, indicating strong fundamentals.
NIKE, Inc. trades at 29.1x trailing earnings, compared to its 15-year median P/E of 29.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 62.5x vs a median of 28.8x. The company's 5-year average ROIC is 93.4% with a gross margin of 44.3%. Total shareholder yield (dividends + buybacks) is 4.2%. At current prices, the estimated annualized return to fair value is +5.2%.
NIKE, Inc. (NKE) has a current P/E ratio of 29.1, compared to its historical median P/E of 29.3. The stock is currently considered Fair based on its historical valuation range.
NIKE, Inc. (NKE) has a 5-year average return on invested capital (ROIC) of 93.4%. This indicates strong capital allocation and a potential competitive advantage.
NIKE, Inc. (NKE) has a market capitalization of $65.5B. It is classified as a large-cap stock.
Yes, NIKE, Inc. (NKE) pays a dividend with a trailing twelve-month yield of 3.65%. The company also returns capital through share buybacks, with a buyback yield of 0.53%.
Based on historical P/E analysis, NIKE, Inc. (NKE) appears fair. The current P/E of 29.1 is 1% below its historical median of 29.3. The estimated fair value CAGR (P/E method) is 5.9%.
NIKE, Inc. (NKE) operates in the Rubber & Plastics Footwear industry, within the Materials sector.
NIKE, Inc. (NKE) reported annual revenue of $46.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
NIKE, Inc. (NKE) has a net profit margin of 7.0%. This is a modest margin.
NIKE, Inc. (NKE) generated $3.3 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NIKE, Inc. (NKE) has a debt-to-equity ratio of 0.60. This indicates moderate leverage.
NIKE, Inc. (NKE) reported earnings per share (EPS) of $2.16 in its most recent fiscal year.
NIKE, Inc. (NKE) has a return on equity (ROE) of 23.3%. This indicates the company generates strong returns for shareholders.
NIKE, Inc. (NKE) has a 5-year average gross margin of 44.3%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for NIKE, Inc. (NKE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NIKE, Inc. (NKE) has a book value per share of $8.87, based on its most recent annual SEC filing.