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Earnings transcript
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NKE
NIKE, Inc.
$37.3
-1.02
(-2.66%)
| Exchange: | NYSE |
| Market Cap: | 55.402B |
| Shares Outstanding: | 2.417B |
Delayed data
About The Company
| Sector: | Consumer CyclicalView sector performance | |||||
| Industry: | Apparel – Footwear & AccessoriesView industry performance | |||||
| CEO: | Elliott J. Hill | |||||
| Full Time Employees: | 73000 | |||||
| Address: |
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| Website: | https://www.nike.com |
NIKE, Inc., through its various subsidiaries, operates as a global enterprise focused on the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories for all ages and genders. Beyond its primary offerings, the company provides a range of athletic and casual footwear, clothing, and accessories under the notable Jumpman trademark. It also distributes a variety of casual sneakers, apparel, and accessories, featuring well-known brands like Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell. Under the NIKE brand itself, the company supplies a comprehensive line of performance sports gear and accessories, such as bags, socks, sports balls, eyewear, timepieces, digital devices, bats, gloves, and protective equipment. Additionally, NIKE sells various plastic products to other manufacturers. The company also markets sportswear adorned with licensed logos from college and professional sports teams and leagues. Furthermore, it engages in licensing arrangements, allowing unaffiliated parties to manufacture and sell apparel, digital devices, applications, and other sports equipment under NIKE-owned trademarks. Its extensive product catalog reaches consumers globally through diverse channels, including specialized footwear, sporting goods, athletic specialty, department, skate, tennis, and golf stores. Distribution occurs via NIKE’s proprietary retail outlets, digital e-commerce platforms, independent distributors, authorized licensees, and sales representatives. Founded in 1964, the company was originally named Blue Ribbon Sports, Inc., before officially becoming NIKE, Inc. in 1971, and maintains its corporate headquarters in Beaverton, Oregon.
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Revenue Segmentation
NKE full analysis
Hey everyone, welcome back to MarketSnap. If you're thinking about buying Nike at today's price, stop for a second — because this is a stock that's down roughly eighty percent from its peak, it just told investors sales are going to fall again, and management is cutting jobs while it tries to rebuild the business. We're running Nike through the MarketSnap valuation model — the same checklist we'd use before risking real capital. Does the math actually justify the price…
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 51,362,000 | 46,309,000 | 46,398,000 |
| Gross Profit | 22,887,000 | 19,790,000 | 19,911,000 |
| EBITDA | 7,805,000 | 4,982,000 | 4,544,000 |
| Operating Income | 6,311,000 | 3,702,000 | 3,800,000 |
| Net Income | 5,700,000 | 3,219,000 | 3,108,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 38,110,000 | 36,579,000 | 38,410,000 |
| Total Liabilities | 23,680,000 | 23,366,000 | 23,545,000 |
| Total Stockholders Equity | 14,430,000 | 13,213,000 | 38,410,000 |
| Total Debt | 11,952,000 | 11,018,000 | 11,033,000 |
| Cash and Cash Equivalents | 9,860,000 | 7,464,000 | 7,563,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 7,429,000 | 3,698,000 | 0 |
| Capital Expenditure | -812,000 | -430,000 | 0 |
| Free Cash Flow | 6,617,000 | 3,268,000 | 0 |
| Net Income | 5,700,000 | 3,219,000 | 3,108,000 |
| Net Change in Cash | 2,419,000 | -2,396,000 | -7,464,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2031 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 44,239,799.552 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 50,203,541.887 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 46,405,388.710 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 5,875,264.434 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 6,759,453.646 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 6,196,338.730 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 4,178,812.202 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 4,922,041.683 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 4,448,700.003 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 14,635,633.256 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 16,608,588.526 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 15,352,064.366 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 3 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 3.320 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 2.820 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 9 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 9 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Global Brand Equity and Scale: Nike maintains a dominant position in the apparel, footwear, and accessories industry, supported by a market capitalization reflective of its status as a sector leader. The company’s size allows for significant operational scale, evidenced by its full-time employee base and global revenue generation across diverse product categories.
- Strong Profitability Metrics: Despite recent top-line pressures, Nike exhibits robust profitability ratios, including a Return on Equity (ROE) and Return on Invested Capital (ROIC) that indicate efficient capital allocation. The company maintains a high gross profit margin, showcasing the pricing power of its brand portfolio.
- Solid Balance Sheet and Cash Flow: The company generates substantial free cash flow (FCF), providing liquidity for dividends, share buybacks, and reinvestment. Its current and quick ratios suggest a healthy ability to meet short-term obligations, while the debt-to-equity ratio indicates a manageable leverage profile relative to equity.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates NKE intrinsic value between $34.09 – $34.43 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about NKE valuation
Is NIKE, Inc. (NKE) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for NIKE, Inc. (NKE) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is NKE a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NKE trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is NKE’s P/E ratio?
You can see NKE’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for NKE?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is NKE a good long-term investment?
Whether NKE fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
NKE
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Daily snapshot
-2.66
Trading Metrics:
| Open: | 37.81 | Previous Close: | 38.32 | |
| Day Low: | 37.3 | Day High: | 38.27 | |
| Year Low: | 31.97 | Year High: | 70.44 | |
| Price Avg 50: | 37.25 | Price Avg 200: | 46.87 | |
| Volume: | 25.525M | Average Volume: | 31.09M |
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