NIKE, Inc. (NKE) stock analysis
Company overview and business model
Source fact: 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.
Classification: NYSE · Consumer Cyclical · Footwear & Accessories
Revenue and growth
Source fact: Revenue was USD 46.40 billion for the period ending 2026-05-31.
Caverian calculation: Revenue changed +0.2% (FY2026 vs FY2025).
Profitability
Source fact: Net income was USD 3.11 billion in the latest reported period.
Source metric: Reported net margin was 6.7%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 7.56 billion.
Source fact: Total debt was USD 11.03 billion.
Source metric: Current ratio was 1.96x.
Cash-flow analysis
Source fact: Operating cash flow was USD 2.87 billion.
Source fact: Free cash flow was USD 2.18 billion.
Valuation
Source metrics: Trailing P/E 18.73x; Forward P/E 17.54x; Price to book 4.02x; Price to sales 1.29x; EV/EBITDA 12.76x.
Caverian model output: Value score was 58/100.
Competitive position
Classification: Peer context: Footwear & Accessories within Consumer Cyclical.
Caverian model output: Quality score was 66/100.
Caverian model output: Growth score was 41/100.
Material risks
Caverian calculation: Altman Z-score was 3.43 (safe zone).
Caverian calculation: Piotroski F-score was 4/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles