NKENYSERubber & Plastics FootwearFiscal year ends May 31
NIKE, Inc.
Financials through Q1 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Oct 2, 2026
$37.21+0.08 (+0.22%)
Close on Oct 19, 2026
- Market cap
- $55.23B
- P/E (TTM)
- 17.9
- Dividend yield
- 4.38%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
42.9%−1.9 pts over 5 years
Net margin
6.7%−6.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.2% | -3.2% | +0.8% | +3.7% | |
| Gross profit | +0.6% | -3.7% | -0.1% | +2.9% | |
| Net income | -3.4% | -15.1% | -11.5% | -1.9% | |
| EPS, diluted | -2.8% | -13.4% | -10.0% | -0.3% | |
| Free cash flow | -33.2% | -23.5% | -18.2% | -0.3% | |
| Dividend per share | +3.8% | +7.1% | +8.8% | +10.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 34.4% | 55.0% | 22.1% | |
| Return on assets | 19.0% | 16.6% | 8.3% | |
| Current ratio | 2.93 | 2.72 | 1.96 | |
| Debt to equity | 0.31 | 0.74 | 0.53 | |
| Capex to revenue | 3.2% | 1.6% | 1.5% | |
| Diluted shares | 1.69B | 1.61B | 1.48B |
Where the cash went
Fiscal 2022 to 2026, five years combined
NIKE generated $25.02B from operations and spent $31.25B on capital expenditure, dividends and share buybacks. 12% of that went back into the business.
Generated
$25.02B
Used
$31.25B
Capital expenditure$3.65B12%Dividends$10.73B34%Share buybacks$16.88B54%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.7%
×Asset turnover1.24×
×Equity multiplier2.67×
=Return on equity, FY202622.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 6.7% | 1.24× | 2.67× | 22.1% |
| FY2025 | 7.0% | 1.24× | 2.70× | 23.3% |
| FY2024 | 11.1% | 1.36× | 2.66× | 40.1% |
| FY2023 | 9.9% | 1.32× | 2.66× | 34.6% |
| FY2022 | 12.9% | 1.20× | 2.78× | 43.1% |
| FY2021 | 12.9% | 1.29× | 3.32× | 55.0% |
| FY2020 | 6.8% | 1.36× | 3.22× | 29.7% |
| FY2019 | 10.3% | 1.69× | 2.45× | 42.7% |
| FY2018 | 5.3% | 1.59× | 2.06× | 17.4% |
| FY2017 | 12.3% | 1.54× | 1.81× | 34.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$3.11B
- Cash generatingOperating cash flow above zero$2.87B
- Return on assets improvedROA up on the prior year8.4% → 8.5%
- Earnings backed by cashOperating cash flow above net income$2.87B vs $3.11B
- Less leverageLong-term debt to assets fell21.8% → 15.5%
- Better liquidityCurrent ratio rose2.21 → 1.96
- No dilutionShare count did not rise1.49B → 1.48B
- Gross margin improvedGross margin up on the prior year42.73% → 42.91%
- More efficientAsset turnover rose1.22 → 1.27