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NIKE (NKE) Financials

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$58.53 +1.14 (+1.99%)
As of 03:59 PM Eastern
Annual Income Statements for NIKE

Annual Income Statements for NIKE

This table shows NIKE's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
3,273 3,760 4,240 1,933 4,029 2,539 5,727 6,046 5,070 5,700
Consolidated Net Income / (Loss)
3,273 3,760 4,240 1,933 4,029 2,539 5,727 6,046 5,070 5,700
Net Income / (Loss) Continuing Operations
3,273 3,760 4,240 1,933 4,029 2,539 5,727 6,046 5,070 5,700
Total Pre-Tax Income
4,205 4,623 4,886 4,325 4,801 2,887 6,661 6,651 6,201 6,700
Total Operating Income
4,175 4,502 4,749 4,445 4,772 3,115 6,937 6,675 5,915 6,311
Total Gross Profit
14,067 14,971 15,312 15,956 17,474 16,241 19,962 21,479 22,292 22,887
Total Revenue
30,601 32,376 34,350 36,397 39,117 37,403 44,538 46,710 51,217 51,362
Operating Revenue
30,601 32,376 34,350 36,397 39,117 37,403 44,538 46,710 51,217 51,362
Total Cost of Revenue
16,534 17,405 19,038 20,441 21,643 21,162 24,576 25,231 28,925 28,475
Operating Cost of Revenue
16,534 17,405 19,038 20,441 21,643 21,162 24,576 25,231 28,925 28,475
Total Operating Expenses
9,892 10,469 10,563 11,511 12,702 13,126 13,025 14,804 16,377 16,576
Selling, General & Admin Expense
6,679 7,191 7,222 7,934 8,949 9,534 9,911 10,954 12,317 12,291
Marketing Expense
3,213 3,278 3,341 3,577 3,753 3,592 3,114 3,850 4,060 4,285
Total Other Income / (Expense), net
30 121 137 -120 29 -228 -276 -24 286 389
Interest & Investment Income
-28 -19 -59 -54 -49 -89 -262 -205 6.00 161
Other Income / (Expense), net
58 140 196 -66 78 -139 -14 181 280 228
Income Tax Expense
932 863 646 2,392 772 348 934 605 1,131 1,000
Basic Earnings per Share
$1.90 $2.21 $2.56 $1.19 $2.55 $1.63 $3.64 $3.83 $3.27 $3.76
Weighted Average Basic Shares Outstanding
1.72B 1.70B 1.66B 1.62B 1.58B 1.56B 1.57B 1.58B 1.55B 1.52B
Diluted Earnings per Share
$1.85 $2.16 $2.51 $1.17 $2.49 $1.60 $3.56 $3.75 $3.23 $3.73
Weighted Average Diluted Shares Outstanding
1.72B 1.70B 1.69B 1.66B 1.62B 1.59B 1.61B 1.61B 1.57B 1.53B
Weighted Average Basic & Diluted Shares Outstanding
1.72B 1.70B 1.66B 1.62B 1.58B 1.56B 1.58B 1.57B 1.53B 1.50B
Cash Dividends to Common per Share
$0.54 $0.62 $0.70 $0.78 $0.86 $0.96 $1.07 $1.19 $1.33 $1.45

Quarterly Income Statements for NIKE

This table shows NIKE's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Net Income / (Loss) Attributable to Common Shareholders
1,468 1,331 1,240 1,031 1,450 1,578 1,172 1,500 1,051 1,163 794
Consolidated Net Income / (Loss)
1,468 1,331 1,240 1,031 1,450 1,578 1,172 1,500 1,051 1,163 794
Net Income / (Loss) Continuing Operations
1,468 1,331 1,240 1,031 1,450 1,578 1,172 1,500 1,051 1,163 794
Total Pre-Tax Income
1,828 1,650 1,477 1,246 1,648 1,922 1,404 1,726 1,307 1,416 844
Total Operating Income
1,695 1,587 1,412 1,221 1,604 1,825 1,336 1,546 1,209 1,384 788
Total Gross Profit
5,615 5,711 5,371 5,595 5,720 5,971 5,562 5,634 5,257 5,389 4,675
Total Revenue
12,687 13,315 12,390 12,825 12,939 13,388 12,429 12,606 11,589 12,354 11,269
Operating Revenue
12,687 13,315 12,390 12,825 12,939 13,388 12,429 12,606 11,589 12,354 11,269
Total Cost of Revenue
7,072 7,604 7,019 7,230 7,219 7,417 6,867 6,972 6,332 6,965 6,594
Operating Cost of Revenue
7,072 7,604 7,019 7,230 7,219 7,417 6,867 6,972 6,332 6,965 6,594
Total Operating Expenses
3,920 4,124 3,959 4,374 4,116 4,146 4,226 4,088 4,048 4,005 3,887
Selling, General & Admin Expense
2,977 3,022 3,036 3,282 3,047 3,032 3,215 2,997 2,822 2,883 2,799
Marketing Expense
943 1,102 923 1,092 1,069 1,114 1,011 1,091 1,226 1,122 1,088
Total Other Income / (Expense), net
133 63 65 25 44 97 68 180 98 32 56
Interest & Investment Income
-13 -16 7.00 28 34 22 52 53 43 24 18
Other Income / (Expense), net
146 79 58 -3.00 10 75 16 127 55 8.00 38
Income Tax Expense
360 319 237 215 198 344 232 226 256 253 50
Basic Earnings per Share
$0.94 $0.85 $0.80 $0.68 $0.95 $1.04 $0.77 $1.00 $0.70 $0.78 $0.54
Weighted Average Basic Shares Outstanding
1.57B 1.56B 1.54B 1.55B 1.53B 1.52B 1.51B 1.52B 1.50B 1.49B 1.48B
Diluted Earnings per Share
$0.93 $0.85 $0.79 $0.66 $0.94 $1.03 $0.77 $0.99 $0.70 $0.78 $0.54
Weighted Average Diluted Shares Outstanding
1.59B 1.57B 1.56B 1.57B 1.54B 1.53B 1.53B 1.53B 1.50B 1.49B 1.48B
Weighted Average Basic & Diluted Shares Outstanding
1.56B 1.55B 1.54B 1.53B 1.52B 1.52B 1.51B 1.50B 1.49B 1.48B 1.48B
Cash Dividends to Common per Share
$0.31 $0.34 $0.34 $0.34 $0.34 $0.37 $0.37 $0.37 $0.37 $0.40 $0.40

Annual Cash Flow Statements for NIKE

This table details how cash moves in and out of NIKE's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
1,632 -714 670 441 217 3,882 1,541 -1,315 -1,133 2,419
Net Cash From Operating Activities
4,680 3,399 3,846 4,955 5,903 2,485 6,657 5,188 5,841 7,429
Net Cash From Continuing Operating Activities
4,680 3,399 3,846 4,955 5,903 2,485 6,657 5,188 5,841 7,429
Net Income / (Loss) Continuing Operations
3,273 3,760 4,240 1,933 4,029 2,539 5,727 6,046 5,070 5,700
Consolidated Net Income / (Loss)
3,273 3,760 4,240 1,933 4,029 2,539 5,727 6,046 5,070 5,700
Depreciation Expense
606 649 706 747 705 721 744 717 703 796
Amortization Expense
43 13 10 27 15 398 53 123 156 48
Non-Cash Adjustments To Reconcile Net Income
615 334 98 119 558 452 473 612 542 666
Changes in Operating Assets and Liabilities, net
143 -1,357 -1,208 2,129 596 -1,625 -340 -2,310 -630 219
Net Cash From Investing Activities
-175 -1,034 -1,008 276 -264 -1,028 -3,800 -1,524 564 894
Net Cash From Continuing Investing Activities
-175 -1,034 -1,008 276 -264 -1,028 -3,800 -1,524 564 894
Purchase of Property, Plant & Equipment
-963 -1,143 -1,105 -1,028 -1,119 -1,086 -695 -758 -969 -812
Purchase of Investments
-5,086 -5,217 -5,928 -4,783 -2,937 -2,426 -9,961 -12,913 -6,059 -4,767
Sale and/or Maturity of Investments
5,871 5,310 6,046 6,109 3,787 2,453 6,685 12,166 7,540 6,488
Other Investing Activities, net
0.00 6.00 -34 -22 5.00 31 171 -19 52 -15
Net Cash From Financing Activities
-2,790 -2,974 -2,148 -4,835 -5,293 2,491 -1,459 -4,836 -7,447 -5,888
Net Cash From Continuing Financing Activities
-2,790 -2,974 -2,148 -4,835 -5,293 2,491 -1,459 -4,836 -7,447 -5,888
Repayment of Debt
-89 -180 -61 -84 -375 -58 -333 -151 -602 -136
Repurchase of Common Equity
-2,534 -3,238 -3,223 -4,254 -4,286 -3,067 -608 -4,014 -5,480 -4,250
Payment of Dividends
-899 -1,022 -1,133 -1,243 -1,332 -1,452 -1,638 -1,837 -2,012 -2,169
Issuance of Debt
0.00 981 1,809 13 0.00 6,183 -52 15 -4.00 0.00
Issuance of Common Equity
514 507 489 733 700 885 1,172 1,151 651 667
Other Net Changes in Cash
- - - - - -66 143 -143 -91 -16
Cash Interest Paid
53 70 98 125 153 140 293 290 347 381
Cash Income Taxes Paid
1,262 748 703 529 757 1,028 1,177 1,231 1,517 1,299

Quarterly Cash Flow Statements for NIKE

This table details how cash moves in and out of NIKE's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Net Change in Cash & Equivalents
-1,348 -736 465 486 -1,263 1,741 1,041 900 -1,375 -506 622
Net Cash From Operating Activities
357 1,001 2,230 2,253 -66 2,817 2,059 2,619 394 1,049 1,792
Net Cash From Continuing Operating Activities
357 1,001 2,230 2,253 -66 2,817 2,059 2,619 394 1,049 1,792
Net Income / (Loss) Continuing Operations
1,468 1,331 1,240 1,031 1,450 1,578 1,172 1,500 1,051 1,163 794
Consolidated Net Income / (Loss)
1,468 1,331 1,240 1,031 1,450 1,578 1,172 1,500 1,051 1,163 794
Depreciation Expense
169 173 174 187 191 191 207 207 188 190 198
Amortization Expense
-9.00 146 -30 49 -5.00 -7.00 63 -3.00 -4.00 -5.00 44
Non-Cash Adjustments To Reconcile Net Income
186 53 120 183 189 170 178 129 176 253 139
Changes in Operating Assets and Liabilities, net
-1,457 -702 726 803 -1,891 885 439 786 -1,017 -552 617
Net Cash From Investing Activities
-214 191 160 427 418 457 309 -290 -166 -74 -49
Net Cash From Continuing Investing Activities
-214 191 160 427 418 457 309 -290 -166 -74 -49
Purchase of Property, Plant & Equipment
-264 -236 -200 -269 -253 -205 -141 -213 -120 -129 -81
Purchase of Investments
-2,469 -1,031 -1,344 -1,215 -1,144 -1,062 -1,131 -1,430 -968 -1,116 -580
Sale and/or Maturity of Investments
2,380 1,543 1,696 1,921 1,816 1,733 1,580 1,359 922 1,161 614
Other Investing Activities, net
139 -85 8.00 -10 -1.00 -9.00 1.00 -6.00 0.00 10 -2.00
Net Cash From Financing Activities
-1,404 -1,917 -1,945 -2,181 -1,599 -1,552 -1,317 -1,420 -1,622 -1,448 -1,106
Net Cash From Continuing Financing Activities
-1,404 -1,917 -1,945 -2,181 -1,599 -1,552 -1,317 -1,420 -1,622 -1,448 -1,106
Repayment of Debt
-22 -46 -26 -508 -41 -59 -22 -14 -17 -46 -16
Repurchase of Common Equity
-983 -1,567 -1,551 -1,379 -1,133 -1,198 -883 -1,036 -1,184 -1,096 -506
Payment of Dividends
-480 -480 -528 -524 -524 -523 -562 -560 -558 -557 -594
Issuance of Debt
-1.00 -2.00 7.00 -8.00 0.00 - - - 6.00 37 -45
Issuance of Common Equity
82 178 153 238 99 228 150 190 131 214 55
Other Net Changes in Cash
-87 -11 20 -13 -16 19 -10 -9.00 19 -33 -15

Annual Balance Sheets for NIKE

This table presents NIKE's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
21,597 21,379 23,259 22,536 23,717 31,342 37,740 40,321 37,531 38,110
Total Current Assets
15,587 15,025 16,061 15,134 16,525 20,556 26,291 28,213 25,202 25,382
Cash & Equivalents
3,852 3,138 3,808 4,249 4,466 8,348 9,889 8,574 7,441 9,860
Short-Term Investments
2,072 2,319 2,371 996 197 439 3,587 4,423 3,234 1,722
Accounts Receivable
3,358 3,241 3,677 3,498 4,272 2,749 4,463 4,667 4,131 4,427
Inventories, net
4,337 4,838 5,055 5,261 5,622 7,367 6,854 8,420 8,454 7,519
Prepaid Expenses
1,968 1,489 1,150 1,130 1,968 1,653 1,498 2,129 1,942 1,854
Plant, Property, & Equipment, net
3,011 3,520 3,989 4,454 4,744 4,866 4,904 4,791 5,081 5,000
Total Noncurrent Assets
2,999 2,834 3,209 2,948 2,448 5,920 6,545 7,317 7,248 7,728
Goodwill
131 131 139 154 154 223 242 284 281 240
Intangible Assets
281 281 283 285 283 274 269 286 274 259
Noncurrent Deferred & Refundable Income Taxes
2,587 2,422 2,787 2,509 2,011 2,326 2,921 3,821 3,770 4,511
Other Noncurrent Operating Assets
- - - - 0.00 3,097 3,113 2,926 2,923 2,718
Total Liabilities & Shareholders' Equity
21,597 21,379 23,259 22,536 23,717 31,342 37,740 40,321 37,531 38,110
Total Liabilities
8,890 9,121 10,852 12,724 14,677 23,287 24,973 25,040 23,527 23,680
Total Current Liabilities
6,332 5,358 5,474 6,040 7,866 8,284 9,674 10,730 9,256 10,593
Short-Term Debt
181 45 331 342 15 251 2.00 510 6.00 1,006
Accounts Payable
2,131 2,191 2,048 2,279 2,612 2,248 2,836 3,358 2,862 2,851
Accrued Expenses
3,949 3,037 3,011 3,269 5,010 5,184 6,063 6,220 5,723 5,725
Current Deferred & Payable Income Tax Liabilities
71 85 84 150 229 156 306 222 240 534
Other Current Liabilities
- - - - 0.00 445 467 420 425 477
Total Noncurrent Liabilities
2,558 3,763 5,378 6,684 6,811 15,003 15,299 14,310 14,271 13,087
Long-Term Debt
1,079 1,993 3,471 3,468 3,464 9,406 9,413 8,920 8,927 7,903
Noncurrent Deferred & Payable Income Tax Liabilities
1,479 1,770 1,907 3,216 3,347 2,684 2,955 2,613 2,558 2,618
Other Noncurrent Operating Liabilities
- - - - 0.00 2,913 2,931 2,777 2,786 2,566
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
12,707 12,258 12,407 9,812 9,040 8,055 12,767 15,281 14,004 14,430
Total Preferred & Common Equity
12,707 12,258 12,407 9,812 9,040 8,055 12,767 15,281 14,004 14,430
Total Common Equity
12,707 12,258 12,407 9,809 9,040 8,055 12,767 15,281 14,004 14,430
Common Stock
6,776 7,789 5,713 6,384 7,166 8,302 9,968 11,487 12,415 13,412
Retained Earnings
4,685 4,151 6,907 3,517 1,643 -191 3,179 3,476 1,358 965
Accumulated Other Comprehensive Income / (Loss)
1,246 318 -213 -92 231 -56 -380 318 231 53

Quarterly Balance Sheets for NIKE

This table presents NIKE's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Total Assets
41,088 39,647 38,294 37,531 36,786 37,203 37,356 38,110 37,867 37,959 37,793
Total Current Assets
28,877 27,447 26,035 25,202 24,250 24,631 24,753 25,382 25,040 24,980 24,609
Cash & Equivalents
7,226 6,490 6,955 7,441 6,178 7,919 8,960 9,860 8,485 7,979 8,601
Short-Term Investments
4,650 4,131 3,847 3,234 2,612 2,008 1,613 1,722 1,809 1,782 1,792
Accounts Receivable
4,960 5,437 4,513 4,131 4,749 4,782 4,526 4,427 4,764 5,302 4,491
Inventories, net
9,662 9,326 8,905 8,454 8,698 7,979 7,726 7,519 8,253 7,981 7,539
Prepaid Expenses
2,379 2,063 1,815 1,942 2,013 1,943 1,928 1,854 1,729 1,936 2,186
Plant, Property, & Equipment, net
4,778 4,854 4,939 5,081 5,109 5,153 5,082 5,000 4,948 4,857 4,717
Total Noncurrent Assets
7,433 7,346 7,320 7,248 7,427 7,419 7,521 7,728 7,879 8,122 8,467
Goodwill
282 281 281 281 281 281 240 240 240 240 239
Intangible Assets
283 280 277 274 272 269 259 259 259 259 259
Noncurrent Deferred & Refundable Income Taxes
3,988 3,976 3,928 3,770 3,935 3,926 4,166 4,511 4,588 4,887 5,355
Other Noncurrent Operating Assets
2,880 2,809 2,834 2,923 2,939 2,943 2,856 2,718 2,792 2,736 2,614
Total Liabilities & Shareholders' Equity
41,088 39,647 38,294 37,531 36,786 37,203 37,356 38,110 37,867 37,959 37,793
Total Liabilities
25,266 24,375 23,763 23,527 22,815 23,057 23,130 23,680 23,923 23,922 23,786
Total Current Liabilities
10,919 10,199 9,548 9,256 8,461 8,999 9,029 10,593 10,628 11,246 11,223
Short-Term Debt
509 507 514 6.00 6.00 6.00 6.00 1,006 1,012 1,049 1,004
Accounts Payable
3,371 2,810 2,675 2,862 2,738 2,709 2,340 2,851 3,357 3,255 3,106
Accrued Expenses
6,277 6,020 5,594 5,723 4,987 5,470 5,818 5,725 5,075 5,694 5,905
Current Deferred & Payable Income Tax Liabilities
338 436 330 240 295 358 391 534 693 767 734
Other Current Liabilities
424 426 435 425 435 456 474 477 491 481 474
Total Noncurrent Liabilities
14,347 14,176 14,215 14,271 14,354 14,058 14,101 13,087 13,295 12,676 12,563
Long-Term Debt
8,922 8,924 8,925 8,927 8,929 8,930 8,930 7,903 7,998 7,973 7,956
Noncurrent Deferred & Payable Income Tax Liabilities
2,689 2,584 2,598 2,558 2,618 2,343 2,480 2,618 2,672 2,141 2,130
Other Noncurrent Operating Liabilities
2,736 2,668 2,692 2,786 2,807 2,785 2,691 2,566 2,625 2,562 2,477
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
15,822 15,272 14,531 14,004 13,971 14,146 14,226 14,430 13,944 14,037 14,007
Total Preferred & Common Equity
15,822 15,272 14,531 14,004 13,971 14,146 14,226 14,430 13,944 14,037 14,007
Total Common Equity
15,819 15,272 14,531 14,004 13,971 14,146 14,226 14,430 13,944 14,037 14,007
Common Stock
11,648 11,854 12,077 12,415 12,593 12,874 13,131 13,412 13,560 13,781 13,919
Retained Earnings
3,535 2,859 2,152 1,358 1,242 1,151 970 965 411 54 -175
Accumulated Other Comprehensive Income / (Loss)
636 559 302 231 136 121 125 53 -27 202 263

Annual Metrics and Ratios for NIKE

This table displays calculated financial ratios and metrics derived from NIKE's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
10.08% 5.80% 6.10% 5.96% 7.47% -4.38% 19.08% 4.88% 9.65% 0.28%
EBITDA Growth
17.27% 8.64% 6.73% -8.97% 8.09% -26.48% 88.52% -0.31% -8.34% 4.66%
EBIT Growth
18.34% 9.66% 6.53% -11.45% 10.76% -38.64% 132.63% -0.97% -9.64% 5.55%
NOPAT Growth
16.21% 12.68% 12.55% -51.79% 101.58% -31.59% 117.71% 1.74% -20.30% 11.02%
Net Income Growth
21.54% 14.88% 12.77% -54.41% 108.43% -36.98% 125.56% 5.57% -16.14% 12.43%
EPS Growth
21.54% 16.76% 16.20% -53.39% 112.82% -35.74% 122.50% 5.34% -13.87% 15.48%
Operating Cash Flow Growth
55.33% -27.37% 13.15% 28.84% 19.13% -57.90% 167.89% -22.07% 12.59% 27.19%
Free Cash Flow Firm Growth
0.95% 26.70% 2.25% 24.21% 24.34% -63.09% 270.14% -50.51% 40.14% 36.98%
Invested Capital Growth
14.00% 9.90% 13.47% -16.48% -6.22% 13.61% -2.45% 34.55% 4.68% -4.12%
Revenue Q/Q Growth
1.17% 1.46% 1.28% 3.15% 1.02% -9.38% 15.66% -0.23% 1.17% -0.42%
EBITDA Q/Q Growth
3.15% 0.32% 2.41% 1.04% 0.22% -32.48% 52.84% -5.27% -3.50% 6.08%
EBIT Q/Q Growth
3.32% 0.48% 2.23% 0.95% 0.58% -40.30% 62.82% -6.84% -3.07% 7.48%
NOPAT Q/Q Growth
3.38% -0.47% 5.00% 8.43% -4.72% -39.57% 66.38% -0.63% -9.32% 6.65%
Net Income Q/Q Growth
5.38% -0.50% 3.97% 7.15% -3.54% -41.20% 67.07% -1.14% -7.45% 8.97%
EPS Q/Q Growth
5.38% -3.57% 1.62% 5.41% -3.49% -40.96% 66.36% -1.06% -6.65% 9.71%
Operating Cash Flow Q/Q Growth
0.30% 4.46% -12.01% 35.87% -4.22% -44.73% 43.35% -14.23% 23.25% 5.18%
Free Cash Flow Firm Q/Q Growth
-2.37% 6.61% -5.81% 7.74% 4.80% -53.55% 50.64% -26.55% 46.58% 4.65%
Invested Capital Q/Q Growth
-2.60% -4.43% -0.33% -1.64% -6.50% -4.43% -1.28% 8.87% -6.88% -6.61%
Profitability Metrics
- - - - - - - - - -
Gross Margin
45.97% 46.24% 44.58% 43.84% 44.67% 43.42% 44.82% 45.98% 43.52% 44.56%
EBITDA Margin
15.95% 16.38% 16.48% 14.16% 14.24% 10.95% 17.33% 16.48% 13.77% 14.37%
Operating Margin
13.64% 13.91% 13.83% 12.21% 12.20% 8.33% 15.58% 14.29% 11.55% 12.29%
EBIT Margin
13.83% 14.34% 14.40% 12.03% 12.40% 7.96% 15.54% 14.68% 12.10% 12.73%
Profit (Net Income) Margin
10.70% 11.61% 12.34% 5.31% 10.30% 6.79% 12.86% 12.94% 9.90% 11.10%
Tax Burden Percent
77.84% 81.33% 86.78% 44.69% 83.92% 87.95% 85.98% 90.90% 81.76% 85.07%
Interest Burden Percent
99.34% 99.59% 98.81% 98.77% 98.99% 97.01% 96.22% 97.01% 100.10% 102.46%
Effective Tax Rate
22.16% 18.67% 13.22% 55.31% 16.08% 12.05% 14.02% 9.10% 18.24% 14.93%
Return on Invested Capital (ROIC)
43.05% 43.38% 43.68% 21.59% 49.34% 32.65% 67.66% 59.43% 40.34% 44.71%
ROIC Less NNEP Spread (ROIC-NNEP)
42.49% 40.94% 39.58% 24.40% 47.48% 160.37% 82.53% 60.00% 31.53% 29.72%
Return on Net Nonoperating Assets (RNNOA)
-15.23% -13.26% -9.30% -4.19% -6.60% -2.95% -12.65% -16.32% -5.72% -4.61%
Return on Equity (ROE)
27.82% 30.12% 34.38% 17.40% 42.74% 29.70% 55.01% 43.11% 34.63% 40.09%
Cash Return on Invested Capital (CROIC)
29.96% 33.95% 31.06% 39.55% 55.76% 19.91% 70.14% 29.97% 35.77% 48.91%
Operating Return on Assets (OROA)
21.06% 21.60% 22.16% 19.12% 20.97% 10.81% 20.04% 17.57% 15.91% 17.29%
Return on Assets (ROA)
16.29% 17.50% 19.00% 8.44% 17.42% 9.22% 16.58% 15.49% 13.02% 15.07%
Return on Common Equity (ROCE)
27.82% 30.12% 34.38% 17.40% 42.74% 29.70% 55.01% 43.11% 34.63% 40.09%
Return on Equity Simple (ROE_SIMPLE)
25.76% 30.67% 34.17% 19.70% 44.57% 31.52% 44.86% 39.57% 36.20% 39.50%
Net Operating Profit after Tax (NOPAT)
3,250 3,662 4,121 1,987 4,005 2,740 5,964 6,068 4,836 5,369
NOPAT Margin
10.62% 11.31% 12.00% 5.46% 10.24% 7.32% 13.39% 12.99% 9.44% 10.45%
Net Nonoperating Expense Percent (NNEP)
0.55% 2.44% 4.10% -2.81% 1.86% -127.72% -14.87% -0.57% 8.81% 14.99%
Return On Investment Capital (ROIC_SIMPLE)
23.27% 25.61% 25.42% 14.58% 31.99% 15.47% 26.89% 24.56% 21.08% 23.00%
Cost of Revenue to Revenue
54.03% 53.76% 55.42% 56.16% 55.33% 56.58% 55.18% 54.02% 56.48% 55.44%
SG&A Expenses to Revenue
21.83% 22.21% 21.02% 21.80% 22.88% 25.49% 22.25% 23.45% 24.05% 23.93%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
32.33% 32.34% 30.75% 31.63% 32.47% 35.09% 29.24% 31.69% 31.98% 32.27%
Earnings before Interest and Taxes (EBIT)
4,233 4,642 4,945 4,379 4,850 2,976 6,923 6,856 6,195 6,539
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
4,882 5,304 5,661 5,153 5,570 4,095 7,720 7,696 7,054 7,383
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
6.14 6.82 6.41 10.88 12.53 17.97 16.08 11.72 11.29 10.03
Price to Tangible Book Value (P/TBV)
6.34 7.06 6.64 11.39 13.17 19.15 16.75 12.18 11.75 10.39
Price to Revenue (P/Rev)
2.55 2.58 2.32 2.93 2.90 3.87 4.61 3.83 3.09 2.82
Price to Earnings (P/E)
23.82 22.23 18.77 55.19 28.12 57.01 35.85 29.63 31.18 25.38
Dividend Yield
2.38% 2.10% 1.41% 1.15% 1.19% 1.03% 0.82% 1.02% 1.27% 1.52%
Earnings Yield
4.20% 4.50% 5.33% 1.81% 3.56% 1.75% 2.79% 3.38% 3.21% 3.94%
Enterprise Value to Invested Capital (EV/IC)
9.11 9.07 7.70 12.56 14.27 16.32 23.11 14.99 12.75 12.08
Enterprise Value to Revenue (EV/Rev)
2.40 2.48 2.25 2.89 2.87 3.89 4.52 3.76 3.05 2.76
Enterprise Value to EBITDA (EV/EBITDA)
15.01 15.12 13.64 20.43 20.13 35.56 26.07 22.81 22.16 19.23
Enterprise Value to EBIT (EV/EBIT)
17.32 17.27 15.61 24.04 23.12 48.93 29.07 25.61 25.23 21.72
Enterprise Value to NOPAT (EV/NOPAT)
22.56 21.90 18.74 52.98 28.00 53.16 33.74 28.93 32.32 26.45
Enterprise Value to Operating Cash Flow (EV/OCF)
15.66 23.59 20.08 21.24 18.99 58.60 30.23 33.84 26.76 19.12
Enterprise Value to Free Cash Flow (EV/FCFF)
32.41 27.98 26.35 28.92 24.77 87.18 32.54 57.37 36.45 24.18
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.10 0.17 0.31 0.39 0.38 1.20 0.74 0.62 0.64 0.62
Long-Term Debt to Equity
0.08 0.16 0.28 0.35 0.38 1.17 0.74 0.58 0.64 0.55
Financial Leverage
-0.36 -0.32 -0.24 -0.17 -0.14 -0.02 -0.15 -0.27 -0.18 -0.16
Leverage Ratio
1.71 1.72 1.81 2.06 2.45 3.22 3.32 2.78 2.66 2.66
Compound Leverage Factor
1.70 1.71 1.79 2.04 2.43 3.12 3.19 2.70 2.66 2.73
Debt to Total Capital
9.02% 14.26% 23.46% 27.97% 27.79% 54.52% 42.44% 38.16% 38.95% 38.17%
Short-Term Debt to Total Capital
1.30% 0.31% 2.04% 2.51% 0.12% 1.42% 0.01% 2.06% 0.03% 4.31%
Long-Term Debt to Total Capital
7.73% 13.94% 21.41% 25.46% 27.67% 53.11% 42.44% 36.10% 38.92% 33.86%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
90.98% 85.74% 76.54% 72.01% 72.21% 45.48% 57.56% 61.84% 61.05% 61.83%
Debt to EBITDA
0.26 0.38 0.67 0.74 0.62 2.36 1.22 1.23 1.27 1.21
Net Debt to EBITDA
-0.96 -0.64 -0.42 -0.28 -0.21 0.21 -0.53 -0.46 -0.25 -0.36
Long-Term Debt to EBITDA
0.22 0.38 0.61 0.67 0.62 2.30 1.22 1.16 1.27 1.07
Debt to NOPAT
0.39 0.56 0.92 1.92 0.87 3.53 1.58 1.55 1.85 1.66
Net Debt to NOPAT
-1.44 -0.93 -0.58 -0.72 -0.30 0.32 -0.68 -0.59 -0.36 -0.50
Long-Term Debt to NOPAT
0.33 0.54 0.84 1.75 0.87 3.43 1.58 1.47 1.85 1.47
Altman Z-Score
8.14 8.54 7.54 7.99 7.49 5.70 7.36 6.65 6.50 6.08
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.01% 0.02% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
2.46 2.80 2.93 2.51 2.10 2.48 2.72 2.63 2.72 2.40
Quick Ratio
1.47 1.62 1.80 1.45 1.14 1.39 1.85 1.65 1.60 1.51
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
2,262 2,866 2,930 3,640 4,526 1,671 6,183 3,060 4,288 5,874
Operating Cash Flow to CapEx
487.50% 300.00% 352.20% 482.00% 527.52% 228.82% 957.84% 684.43% 602.79% 914.90%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
1.52 1.51 1.54 1.59 1.69 1.36 1.29 1.20 1.32 1.36
Accounts Receivable Turnover
9.01 9.81 9.93 10.15 10.07 10.65 12.35 10.23 11.64 12.00
Inventory Turnover
3.99 3.79 3.85 3.96 3.98 3.26 3.46 3.30 3.43 3.57
Fixed Asset Turnover
10.47 9.91 9.15 8.62 8.51 7.78 9.12 9.64 10.38 10.19
Accounts Payable Turnover
8.14 8.05 8.98 9.45 8.85 8.71 9.67 8.15 9.30 9.97
Days Sales Outstanding (DSO)
40.51 37.20 36.76 35.98 36.25 34.26 29.55 35.67 31.35 30.41
Days Inventory Outstanding (DIO)
91.44 96.20 94.84 92.10 91.77 112.02 105.60 110.48 106.47 102.37
Days Payable Outstanding (DPO)
44.82 45.32 40.64 38.63 41.24 41.91 37.75 44.80 39.24 36.62
Cash Conversion Cycle (CCC)
87.12 88.08 90.95 89.45 86.78 104.36 97.40 101.35 98.57 96.17
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
8,043 8,839 10,030 8,377 7,856 8,925 8,706 11,714 12,262 11,757
Invested Capital Turnover
4.05 3.84 3.64 3.95 4.82 4.46 5.05 4.57 4.27 4.28
Increase / (Decrease) in Invested Capital
988 796 1,191 -1,653 -521 1,069 -219 3,008 548 -505
Enterprise Value (EV)
73,296 80,180 77,211 105,252 112,119 145,628 201,225 175,548 156,322 142,008
Market Capitalization
77,960 83,599 79,588 106,687 113,303 144,758 205,286 179,115 158,064 144,681
Book Value per Share
$7.39 $7.28 $7.52 $6.09 $5.75 $5.18 $8.08 $9.71 $9.11 $9.56
Tangible Book Value per Share
$7.15 $7.03 $7.26 $5.81 $5.47 $4.86 $7.76 $9.35 $8.75 $9.23
Total Capital
13,967 14,296 16,209 13,622 12,519 17,712 22,182 24,711 22,937 23,339
Total Debt
1,260 2,038 3,802 3,810 3,479 9,657 9,415 9,430 8,933 8,909
Total Long-Term Debt
1,079 1,993 3,471 3,468 3,464 9,406 9,413 8,920 8,927 7,903
Net Debt
-4,664 -3,419 -2,377 -1,435 -1,184 870 -4,061 -3,567 -1,742 -2,673
Capital Expenditures (CapEx)
960 1,133 1,092 1,028 1,119 1,086 695 758 969 812
Debt-free, Cash-free Net Working Capital (DFCFNWC)
3,512 4,255 4,739 4,191 4,011 3,736 3,143 4,996 5,277 4,213
Debt-free Net Working Capital (DFNWC)
9,436 9,712 10,918 9,436 8,674 12,523 16,619 17,993 15,952 15,795
Net Working Capital (NWC)
9,255 9,667 10,587 9,094 8,659 12,272 16,617 17,483 15,946 14,789
Net Nonoperating Expense (NNE)
-23 -98 -119 54 -24 201 237 22 -234 -331
Net Nonoperating Obligations (NNO)
-4,664 -3,419 -2,377 -1,435 -1,184 870 -4,061 -3,567 -1,742 -2,673
Total Depreciation and Amortization (D&A)
649 662 716 774 720 1,119 797 840 859 844
Debt-free, Cash-free Net Working Capital to Revenue
11.48% 13.14% 13.80% 11.51% 10.25% 9.99% 7.06% 10.70% 10.30% 8.20%
Debt-free Net Working Capital to Revenue
30.84% 30.00% 31.78% 25.93% 22.17% 33.48% 37.31% 38.52% 31.15% 30.75%
Net Working Capital to Revenue
30.24% 29.86% 30.82% 24.99% 22.14% 32.81% 37.31% 37.43% 31.13% 28.79%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$3.80 $2.21 $2.56 $1.19 $2.55 $1.63 $3.64 $3.83 $3.27 $3.76
Adjusted Weighted Average Basic Shares Outstanding
1.71B 1.68B 1.64B 1.60B 1.58B 1.56B 1.57B 1.58B 1.55B 1.52B
Adjusted Diluted Earnings per Share
$3.70 $2.16 $2.51 $1.17 $2.49 $1.60 $3.56 $3.75 $3.23 $3.73
Adjusted Weighted Average Diluted Shares Outstanding
1.71B 1.68B 1.64B 1.60B 1.62B 1.59B 1.61B 1.61B 1.57B 1.53B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $2.55 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.71B 1.68B 1.64B 1.60B 1.57B 1.56B 1.58B 1.57B 1.53B 1.50B
Normalized Net Operating Profit after Tax (NOPAT)
3,250 3,662 4,121 3,112 4,005 2,740 5,964 6,068 4,836 5,369
Normalized NOPAT Margin
10.62% 11.31% 12.00% 8.55% 10.24% 7.32% 13.39% 12.99% 9.44% 10.45%
Pre Tax Income Margin
13.74% 14.28% 14.22% 11.88% 12.27% 7.72% 14.96% 14.24% 12.11% 13.04%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
27.47% 27.18% 26.72% 64.30% 33.06% 57.19% 28.60% 30.38% 39.68% 38.05%
Augmented Payout Ratio
104.89% 113.30% 102.74% 284.38% 139.44% 177.98% 39.22% 96.77% 147.77% 112.61%

Quarterly Metrics and Ratios for NIKE

This table displays calculated financial ratios and metrics derived from NIKE's official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
3.58% 17.24% 13.97% 4.83% 1.99% 0.55% 0.31% -1.71% -10.43% -7.72% -9.33%
EBITDA Growth
-14.16% 13.49% -15.32% -14.97% -10.05% 4.99% 0.50% 29.09% -19.56% -24.33% -34.16%
EBIT Growth
-14.89% 7.07% -14.68% -13.86% -12.33% 14.05% -8.03% 37.36% -21.69% -26.74% -38.91%
NOPAT Growth
-27.98% -1.15% -12.95% -34.29% 3.68% 17.04% -5.92% 32.99% -31.11% -24.14% -33.53%
Net Income Growth
-21.66% -0.45% -11.17% -28.35% -1.23% 18.56% -5.48% 45.49% -27.52% -26.30% -32.25%
EPS Growth
-19.83% 2.41% -9.20% -25.84% 1.08% 21.18% -2.53% 50.00% -25.53% -24.27% -29.87%
Operating Cash Flow Growth
-67.87% -63.69% 1,219.53% 95.74% -118.49% 181.42% -7.67% 16.25% 696.97% -62.76% -12.97%
Free Cash Flow Firm Growth
-275.84% -1,186.65% -111.05% 131.44% 134.69% 168.23% 238.58% 299.85% 261.18% -59.03% -55.36%
Invested Capital Growth
32.73% 52.29% 22.38% 4.68% 5.52% -6.58% -4.40% -4.12% -10.31% 1.09% -0.12%
Revenue Q/Q Growth
3.70% 4.95% -6.95% 3.51% 0.89% 3.47% -7.16% 1.42% -8.07% 6.60% -8.78%
EBITDA Q/Q Growth
17.02% -0.80% -18.69% -9.91% 23.80% 15.78% -22.17% 15.72% -22.86% 8.91% -32.28%
EBIT Q/Q Growth
30.20% -9.51% -11.76% -17.14% 32.51% 17.72% -28.84% 23.74% -24.45% 10.13% -40.66%
NOPAT Q/Q Growth
-11.46% -5.95% -7.40% -14.77% 39.69% 6.17% -25.57% 20.47% -27.64% 16.92% -34.78%
Net Income Q/Q Growth
2.02% -9.33% -6.84% -16.85% 40.64% 8.83% -25.73% 27.99% -29.93% 10.66% -31.73%
EPS Q/Q Growth
4.49% -8.60% -7.06% -16.46% 42.42% 9.57% -25.24% 28.57% -29.29% 11.43% -30.77%
Operating Cash Flow Q/Q Growth
-68.98% 180.39% 122.78% 1.03% -102.93% 4,368.18% -26.91% 27.20% -84.96% 166.24% 70.83%
Free Cash Flow Firm Q/Q Growth
-31.77% -83.45% 65.61% 137.81% 45.42% 260.76% -30.15% 9.11% 31.36% -59.08% -23.89%
Invested Capital Q/Q Growth
14.20% 5.27% -6.49% -6.88% 15.12% -6.81% -4.30% -6.61% 7.68% 5.04% -5.44%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
44.26% 42.89% 43.35% 43.63% 44.21% 44.60% 44.75% 44.69% 45.36% 43.62% 41.49%
EBITDA Margin
15.77% 14.91% 13.03% 11.34% 13.91% 15.57% 13.05% 14.89% 12.49% 12.77% 9.48%
Operating Margin
13.36% 11.92% 11.40% 9.52% 12.40% 13.63% 10.75% 12.26% 10.43% 11.20% 6.99%
EBIT Margin
14.51% 12.51% 11.86% 9.50% 12.47% 14.19% 10.88% 13.27% 10.91% 11.27% 7.33%
Profit (Net Income) Margin
11.57% 10.00% 10.01% 8.04% 11.21% 11.79% 9.43% 11.90% 9.07% 9.41% 7.05%
Tax Burden Percent
80.31% 80.67% 83.95% 82.74% 87.99% 82.10% 83.48% 86.91% 80.41% 82.13% 94.08%
Interest Burden Percent
99.29% 99.04% 100.48% 102.30% 102.11% 101.16% 103.85% 103.17% 103.40% 101.72% 102.18%
Effective Tax Rate
19.69% 19.33% 16.05% 17.26% 12.01% 17.90% 16.52% 13.09% 19.59% 17.87% 5.92%
Return on Invested Capital (ROIC)
43.13% 40.48% 40.49% 33.66% 40.84% 42.36% 35.94% 45.58% 31.34% 34.07% 25.00%
ROIC Less NNEP Spread (ROIC-NNEP)
39.95% 39.00% 38.47% 32.88% 37.47% 35.05% 32.15% 38.50% 17.50% 31.03% 21.57%
Return on Net Nonoperating Assets (RNNOA)
-8.89% -8.87% -7.10% -5.96% -2.89% -2.60% -3.35% -5.98% -0.71% -1.91% -2.35%
Return on Equity (ROE)
34.25% 31.61% 33.39% 27.70% 37.95% 39.76% 32.58% 39.61% 30.62% 32.17% 22.66%
Cash Return on Invested Capital (CROIC)
19.00% 5.79% 24.45% 35.77% 30.17% 44.29% 43.59% 48.91% 47.71% 33.47% 33.47%
Operating Return on Assets (OROA)
17.32% 15.64% 15.63% 12.50% 16.49% 19.04% 14.83% 18.02% 14.61% 14.68% 9.33%
Return on Assets (ROA)
13.81% 12.50% 13.18% 10.58% 14.81% 15.81% 12.86% 16.16% 12.15% 12.27% 8.97%
Return on Common Equity (ROCE)
34.24% 31.61% 33.39% 27.70% 37.94% 39.76% 32.58% 39.61% 30.62% 32.17% 22.66%
Return on Equity Simple (ROE_SIMPLE)
35.65% 36.89% 37.70% 0.00% 36.16% 37.46% 36.77% 0.00% 38.02% 34.81% 32.18%
Net Operating Profit after Tax (NOPAT)
1,361 1,280 1,185 1,010 1,411 1,498 1,115 1,344 972 1,137 741
NOPAT Margin
10.73% 9.61% 9.57% 7.88% 10.91% 11.19% 8.97% 10.66% 8.39% 9.20% 6.58%
Net Nonoperating Expense Percent (NNEP)
3.18% 1.48% 2.02% 0.78% 3.37% 7.30% 3.78% 7.09% 13.84% 3.04% 3.43%
Return On Investment Capital (ROIC_SIMPLE)
5.39% 5.18% 4.95% 4.40% 6.16% 6.49% 4.81% 5.76% 4.24% 4.93% 3.23%
Cost of Revenue to Revenue
55.74% 57.11% 56.65% 56.37% 55.79% 55.40% 55.25% 55.31% 54.64% 56.38% 58.51%
SG&A Expenses to Revenue
23.47% 22.70% 24.50% 25.59% 23.55% 22.65% 25.87% 23.77% 24.35% 23.34% 24.84%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
30.90% 30.97% 31.95% 34.11% 31.81% 30.97% 34.00% 32.43% 34.93% 32.42% 34.49%
Earnings before Interest and Taxes (EBIT)
1,841 1,666 1,470 1,218 1,614 1,900 1,352 1,673 1,264 1,392 826
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
2,001 1,985 1,614 1,454 1,800 2,084 1,622 1,877 1,448 1,577 1,068
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
10.13 8.71 12.24 11.29 10.97 11.78 11.08 10.03 9.13 8.61 8.75
Price to Tangible Book Value (P/TBV)
10.51 9.04 12.73 11.75 11.42 12.26 11.48 10.39 9.47 8.93 9.07
Price to Revenue (P/Rev)
3.40 2.71 3.51 3.09 2.98 3.23 3.06 2.82 2.55 2.47 2.56
Price to Earnings (P/E)
28.42 23.61 32.47 31.18 30.33 31.46 30.13 25.38 24.02 24.75 27.18
Dividend Yield
1.16% 1.16% 1.09% 1.27% 1.34% 1.27% 1.37% 1.52% 1.77% 1.90% 1.91%
Earnings Yield
3.52% 4.24% 3.08% 3.21% 3.30% 3.18% 3.32% 3.94% 4.16% 4.04% 3.68%
Enterprise Value to Invested Capital (EV/IC)
11.80 9.36 13.40 12.75 10.87 12.60 12.39 12.08 9.96 9.04 9.63
Enterprise Value to Revenue (EV/Rev)
3.35 2.68 3.49 3.05 2.98 3.21 3.02 2.76 2.52 2.45 2.53
Enterprise Value to EBITDA (EV/EBITDA)
21.43 17.34 24.15 22.16 22.38 23.83 22.41 19.23 17.93 18.42 20.29
Enterprise Value to EBIT (EV/EBIT)
24.16 19.84 27.62 25.23 25.70 26.72 25.64 21.72 20.36 21.15 23.49
Enterprise Value to NOPAT (EV/NOPAT)
28.56 23.92 33.10 32.32 31.39 32.46 30.99 26.45 25.56 26.29 28.86
Enterprise Value to Operating Cash Flow (EV/OCF)
35.60 49.23 37.25 26.76 28.31 22.91 22.09 19.12 15.98 19.63 20.69
Enterprise Value to Free Cash Flow (EV/FCFF)
70.83 195.18 60.34 36.45 36.98 27.47 27.79 24.18 19.73 27.14 28.76
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.60 0.62 0.65 0.64 0.64 0.63 0.63 0.62 0.65 0.64 0.64
Long-Term Debt to Equity
0.56 0.58 0.61 0.64 0.64 0.63 0.63 0.55 0.57 0.57 0.57
Financial Leverage
-0.22 -0.23 -0.18 -0.18 -0.08 -0.07 -0.10 -0.16 -0.04 -0.06 -0.11
Leverage Ratio
2.62 2.60 2.62 2.66 2.61 2.61 2.63 2.66 2.67 2.67 2.66
Compound Leverage Factor
2.60 2.58 2.63 2.72 2.67 2.64 2.73 2.74 2.77 2.71 2.72
Debt to Total Capital
37.35% 38.18% 39.38% 38.95% 39.01% 38.71% 38.58% 38.17% 39.25% 39.13% 39.01%
Short-Term Debt to Total Capital
2.02% 2.05% 2.14% 0.03% 0.03% 0.03% 0.03% 4.31% 4.41% 4.55% 4.37%
Long-Term Debt to Total Capital
35.33% 36.13% 37.23% 38.92% 38.98% 38.69% 38.55% 33.86% 34.84% 34.58% 34.64%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
62.64% 61.82% 60.62% 61.05% 60.99% 61.29% 61.42% 61.83% 60.75% 60.87% 60.99%
Debt to EBITDA
1.28 1.24 1.29 1.27 1.30 1.29 1.28 1.21 1.28 1.38 1.50
Net Debt to EBITDA
-0.33 -0.16 -0.19 -0.25 0.02 -0.14 -0.24 -0.36 -0.18 -0.11 -0.24
Long-Term Debt to EBITDA
1.21 1.17 1.22 1.27 1.30 1.28 1.28 1.07 1.14 1.22 1.33
Debt to NOPAT
1.71 1.71 1.77 1.85 1.83 1.75 1.78 1.66 1.83 1.97 2.14
Net Debt to NOPAT
-0.44 -0.22 -0.26 -0.36 0.03 -0.19 -0.33 -0.50 -0.26 -0.16 -0.34
Long-Term Debt to NOPAT
1.61 1.62 1.67 1.85 1.83 1.75 1.77 1.47 1.62 1.74 1.90
Altman Z-Score
5.75 5.27 6.54 6.06 6.14 6.44 6.13 5.66 5.10 4.88 4.85
Noncontrolling Interest Sharing Ratio
0.01% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.64 2.69 2.73 2.72 2.87 2.74 2.74 2.40 2.36 2.22 2.19
Quick Ratio
1.54 1.57 1.60 1.60 1.60 1.63 1.67 1.51 1.42 1.34 1.33
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-1,938 -3,555 -1,223 462 672 2,425 1,694 1,849 2,428 994 756
Operating Cash Flow to CapEx
135.23% 424.15% 1,115.00% 837.55% -26.09% 1,374.15% 1,460.28% 1,229.58% 328.33% 813.18% 2,212.35%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.19 1.25 1.32 1.32 1.32 1.34 1.36 1.36 1.34 1.30 1.27
Accounts Receivable Turnover
10.14 10.70 12.14 11.64 10.60 10.09 11.41 12.00 10.51 9.71 10.61
Inventory Turnover
3.15 3.44 3.42 3.43 3.17 3.34 3.46 3.57 3.26 3.40 3.52
Fixed Asset Turnover
9.77 10.16 10.39 10.38 10.41 10.30 10.29 10.19 9.95 9.79 9.76
Accounts Payable Turnover
9.35 9.71 10.44 9.30 9.52 10.47 11.46 9.97 9.05 9.10 9.87
Days Sales Outstanding (DSO)
36.00 34.13 30.06 31.35 34.43 36.18 31.98 30.41 34.71 37.57 34.41
Days Inventory Outstanding (DIO)
115.95 106.18 106.61 106.47 115.26 109.34 105.63 102.37 112.13 107.34 103.71
Days Payable Outstanding (DPO)
39.02 37.59 34.96 39.24 38.35 34.87 31.85 36.62 40.32 40.11 37.00
Cash Conversion Cycle (CCC)
112.93 102.72 101.71 98.57 111.33 110.65 105.76 96.17 106.53 104.80 101.12
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
13,377 14,082 13,168 12,262 14,116 13,155 12,589 11,757 12,660 13,298 12,574
Invested Capital Turnover
4.02 4.21 4.23 4.27 3.74 3.78 4.01 4.28 3.74 3.70 3.80
Increase / (Decrease) in Invested Capital
3,299 4,835 2,408 548 739 -927 -579 -505 -1,456 143 -15
Enterprise Value (EV)
157,847 131,838 176,511 156,322 153,381 165,698 155,997 142,008 126,038 120,167 121,108
Market Capitalization
160,292 133,028 177,874 158,064 153,236 166,689 157,634 144,681 127,322 120,906 122,541
Book Value per Share
$10.09 $9.76 $9.37 $9.11 $9.13 $9.29 $9.39 $9.56 $9.30 $9.43 $9.47
Tangible Book Value per Share
$9.72 $9.40 $9.01 $8.75 $8.77 $8.93 $9.06 $9.23 $8.97 $9.10 $9.13
Total Capital
25,253 24,703 23,970 22,937 22,906 23,082 23,162 23,339 22,954 23,059 22,967
Total Debt
9,431 9,431 9,439 8,933 8,935 8,936 8,936 8,909 9,010 9,022 8,960
Total Long-Term Debt
8,922 8,924 8,925 8,927 8,929 8,930 8,930 7,903 7,998 7,973 7,956
Net Debt
-2,445 -1,190 -1,363 -1,742 145 -991 -1,637 -2,673 -1,284 -739 -1,433
Capital Expenditures (CapEx)
264 236 200 269 253 205 141 213 120 129 81
Debt-free, Cash-free Net Working Capital (DFCFNWC)
6,591 7,134 6,199 5,277 7,005 5,711 5,157 4,213 5,130 5,022 3,997
Debt-free Net Working Capital (DFNWC)
18,467 17,755 17,001 15,952 15,795 15,638 15,730 15,795 15,424 14,783 14,390
Net Working Capital (NWC)
17,958 17,248 16,487 15,946 15,789 15,632 15,724 14,789 14,412 13,734 13,386
Net Nonoperating Expense (NNE)
-107 -51 -55 -21 -39 -80 -57 -156 -79 -26 -53
Net Nonoperating Obligations (NNO)
-2,445 -1,190 -1,363 -1,742 145 -991 -1,637 -2,673 -1,284 -739 -1,433
Total Depreciation and Amortization (D&A)
160 319 144 236 186 184 270 204 184 185 242
Debt-free, Cash-free Net Working Capital to Revenue
13.98% 14.53% 12.24% 10.30% 13.61% 11.08% 10.00% 8.20% 10.26% 10.25% 8.36%
Debt-free Net Working Capital to Revenue
39.17% 36.16% 33.58% 31.15% 30.69% 30.34% 30.50% 30.75% 30.84% 30.18% 30.09%
Net Working Capital to Revenue
38.09% 35.12% 32.57% 31.13% 30.68% 30.33% 30.48% 28.79% 28.82% 28.04% 27.99%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.94 $0.85 $0.80 $0.68 $0.95 $1.04 $0.77 $1.00 $0.70 $0.78 $0.54
Adjusted Weighted Average Basic Shares Outstanding
1.57B 1.56B 1.54B 1.55B 1.53B 1.52B 1.51B 1.52B 1.50B 1.49B 1.48B
Adjusted Diluted Earnings per Share
$0.93 $0.85 $0.79 $0.66 $0.94 $1.03 $0.77 $0.99 $0.70 $0.78 $0.54
Adjusted Weighted Average Diluted Shares Outstanding
1.59B 1.57B 1.56B 1.57B 1.54B 1.53B 1.53B 1.53B 1.50B 1.49B 1.48B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.56B 1.55B 1.54B 1.53B 1.52B 1.52B 1.51B 1.50B 1.49B 1.48B 1.48B
Normalized Net Operating Profit after Tax (NOPAT)
1,361 1,280 1,185 1,010 1,411 1,498 1,115 1,344 972 1,137 741
Normalized NOPAT Margin
10.73% 9.61% 9.57% 7.88% 10.91% 11.19% 8.97% 10.66% 8.39% 9.20% 6.58%
Pre Tax Income Margin
14.41% 12.39% 11.92% 9.72% 12.74% 14.36% 11.30% 13.69% 11.28% 11.46% 7.49%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
33.37% 34.15% 35.94% 39.68% 40.70% 39.61% 40.78% 38.05% 41.56% 45.78% 50.33%
Augmented Payout Ratio
108.63% 120.07% 130.72% 147.77% 152.14% 138.89% 128.58% 112.61% 122.69% 131.72% 135.12%

Frequently Asked Questions About NIKE's Financials

When does NIKE's financial year end?

According to the most recent income statement we have on file, NIKE's fiscal year ends in May. Their fiscal year 2024 ended on May 31, 2024.

How has NIKE's net income changed over the last 9 years?

NIKE's net income appears to be on an upward trend, with a most recent value of $5.70 billion in 2024, rising from $3.27 billion in 2015. The previous period was $5.07 billion in 2023.

What is NIKE's operating income?
NIKE's total operating income in 2024 was $6.31 billion, based on the following breakdown:
  • Total Gross Profit: $22.89 billion
  • Total Operating Expenses: $16.58 billion
How has NIKE revenue changed over the last 9 years?

Over the last 9 years, NIKE's total revenue changed from $30.60 billion in 2015 to $51.36 billion in 2024, a change of 67.8%.

How much debt does NIKE have?

NIKE's total liabilities were at $23.68 billion at the end of 2024, a 0.7% increase from 2023, and a 166.4% increase since 2015.

How much cash does NIKE have?

In the past 9 years, NIKE's cash and equivalents has ranged from $3.14 billion in 2016 to $9.89 billion in 2021, and is currently $9.86 billion as of their latest financial filing in 2024.

How has NIKE's book value per share changed over the last 9 years?

Over the last 9 years, NIKE's book value per share changed from 7.39 in 2015 to 9.56 in 2024, a change of 29.4%.



This page (NYSE:NKE) was last updated on 4/24/2025 by MarketBeat.com Staff
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