Dick's Sporting Goods, Inc. (DKS) stock analysis
Close on Nov 11, 2026Market cap $13.30BP/E 16.1Yield 3.24%
StockData Score
Prices as of Nov 11, 2026How the score works
Mixed10 of 30 checks passed
Dick's Sporting Goods passes 10 of the 30 checks behind our score; 7 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 3/6
- Growth
- 2/6
- Past performance
- 1/6
- Financial health
- 2/6
- Dividend
- 2/6
What stands out
Trading below fair value
The share price of $149.58 is below our fair value estimate of $165.12.
Return on capital over 10%
Return on invested capital was 24.2%, above the 10% that usually covers the cost of capital.
Revenue growing 10%+ a year
Revenue grew 11.7% a year over the last three fiscal years.
Interest well covered
Operating income covers interest expense 16.4 times.
What to watch
Margin of safety under 20%
The price is 9.4% below fair value, less than the 20% cushion we look for.
EPS growing under 10% a year
Diluted EPS grew -2.6% a year over the last three fiscal years.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.72; above 3 is the safe zone and below 1.8 the distress zone.
P/E above its 5-year median
Dick's Sporting Goods's P/E of 16.1 is above its own 5-year median of 13.8.
Valuation3/6
P/E above its 5-year median
Dick's Sporting Goods's P/E of 16.1 is above its own 5-year median of 13.8.
P/E below the industry
Dick's Sporting Goods's P/E of 16.1 is below the Miscellaneous Retail median of 17.9.
EV/EBITDA below its 5-year median
Dick's Sporting Goods's EV/EBITDA of 7.0 is below its 5-year median of 7.2.
P/B above the industry
Dick's Sporting Goods's price-to-book of 2.32 is above the Miscellaneous Retail median of 2.09.
Trading below fair value
The share price of $149.58 is below our fair value estimate of $165.12.
Margin of safety under 20%
The price is 9.4% below fair value, less than the 20% cushion we look for.
Growth2/6
Revenue growing 10%+ a year
Revenue grew 11.7% a year over the last three fiscal years.
EPS growing under 10% a year
Diluted EPS grew -2.6% a year over the last three fiscal years.
Earnings acceleration
Needs positive net income now, a year ago and five years ago.
Growing faster than the industry
Revenue grew 53.5% over the last twelve months; the Miscellaneous Retail median is 4.4%.
Guidance lowered
Dick's Sporting Goods lowered its Full Year 2026 Outlook Net sales outlook on Aug 25, 2026.
Gross margin slipping
Gross margin was 32.1% over the last twelve months, against 36.1% a year earlier.
Past performance1/6
Return on equity
Needs positive equity and five years of results.
Return on capital over 10%
Return on invested capital was 24.2%, above the 10% that usually covers the cost of capital.
Return on equity below the industry
Dick's Sporting Goods's return on equity of 18.5% is below the Miscellaneous Retail median of 18.5%.
Earnings over 5 years
Needs positive net income five years ago and in the latest year.
Net margin against its history
Needs five years of revenue and net income.
Net margin below the industry
Dick's Sporting Goods's net margin of 4.0% is below the Miscellaneous Retail median of 4.0%.
Financial health2/6
Debt level
Needs debt and equity figures.
Debt trend
Needs a balance sheet from five years ago with positive equity.
Debt coverage
Needs operating cash flow.
Interest well covered
Operating income covers interest expense 16.4 times.
Short-term assets cover short-term debts
Current assets are 1.48 times current liabilities.
Bankruptcy risk in the grey zone
The Altman Z-score is 2.72; above 3 is the safe zone and below 1.8 the distress zone.
Dividend2/6
Pays a dividend
Dick's Sporting Goods paid dividends worth 3.3% of the share price over the last twelve months.
Yield below Treasuries
The 3.3% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; Dick's Sporting Goods yields 3.3%.
Dividend was cut
The dividend per share fell by more than 10% at least once in the last 10 fiscal years.
Covered by earnings
Dividends take 52.8% of net income.
Not covered by free cash flow
Dividends take 185% of free cash flow.
Fair value
How we estimate itOur estimate per share
$165.12
The share price is 9% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 15.8× | 13.8× | 17.9× | $147.36 | 40% |
| EV/EBITDA | 9.0× | 7.2× | 10.8× | $188.35 | 35% |
| P/B | 3.7× | 5.2× | 2.1× | $235.45 | 10% |
| Earnings power | 10.4% cost of equity | – | – | $111.39 | 15% |
| Fair value | $165.12 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 13.8
- Miscellaneous Retail median 17.9
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $331.07M
- Value traded per 1% price move
- $180.88M
Downside
High risk
- Typical loss in a bad month
- 36.0%
- Volatility (annualized)
- 49%
- Sharpe ratio, 1 year
- -0.74
- Beta to the S&P 500 (5Y)
- 1.11
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +28.1% | +11.7% | +12.4% | +9.0% | |
| Gross profit | +17.4% | +9.8% | +13.2% | +10.0% | |
| Operating income | -25.6% | -9.2% | +8.1% | +7.4% | |
| Net income | -27.1% | – | – | – | |
| EPS, diluted | -29.0% | -2.6% | +11.8% | +13.4% | |
| Free cash flow | -21.4% | -10.5% | -21.3% | +3.6% | |
| Dividend per share | +10.2% | +35.5% | +31.1% | +24.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 19.4% | |
| Return on assets | – | – | 6.1% | |
| Current ratio | 1.43 | 1.47 | 1.53 | |
| Debt to equity | 0.00 | – | – | |
| Net debt to EBITDA | -0.23× | – | – | |
| Interest coverage | 76.8× | 15.2× | 17.1× | |
| Inventory turnover | 3.5× | 3.1× | 2.8× | |
| Capex to revenue | 5.3% | 2.3% | 6.6% | |
| Diluted shares | 112M | 93M | 85M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Dick's Sporting Goods generated $6.92B from operations and spent $7.95B on capital expenditure, dividends and share buybacks. 40% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.9% | 1.24× | 3.19× | 19.4% |
| FY2024 | 8.7% | 1.36× | 3.40× | 40.1% |
| FY2023 | 8.1% | 1.42× | 3.56× | 40.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$849.24M
- Cash generatingOperating cash flow above zero$1.54B
- Return on assets improvedROA up on the prior year12.5% → 8.1%
- Earnings backed by cashOperating cash flow above net income$1.54B vs $849.24M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.76 → 1.53
- No dilutionShare count did not rise83M → 85M
- Gross margin improvedGross margin up on the prior year35.90% → 32.92%
- More efficientAsset turnover rose1.44 → 1.65
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