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NIKE, Inc. (NKE) Fundamental Analysis & AI Grade 2026

NKE NYSE Rubber & Plastics Footwear OR CIK: 0000320187
Updated This Month • Analysis: Aug 3, 2026 • SEC Data: 2026-05-31
Combined AI Grade
A
81% Confidence
AGREEMENT
A
78% Conf
B
84% Conf

📊 NKE Key Takeaways

Revenue: $46.4B
Net Margin: 6.7%
Free Cash Flow: $2.2B
Current Ratio: 1.96x
Debt/Equity: 0.53x
EPS: $2.10
AI Grade: A with 78% confidence
NIKE, Inc. (NKE) receives a A fundamental grade with 81% confidence from our AI analysis based on SEC 10-K filings. With revenue of $46.4B, net profit margin of 6.7%, and return on equity (ROE) of 20.9%, NIKE, Inc. demonstrates strong fundamentals in the Materials sector. Below is our complete NKE stock analysis for 2026.

Is NIKE, Inc. (NKE) a Good Investment?

Claude

Nike demonstrates exceptional profitability with 20.9% ROE and 42.9% gross margins, generating strong free cash flow of $2.2B annually while maintaining a healthy balance sheet. However, the concerning 0.2% revenue growth and -2.8% EPS decline signal stagnation that requires near-term reversal to sustain shareholder value creation.

ChatGPT

NIKE remains profitable and financially sound, supported by strong liquidity, moderate leverage, and positive free cash flow. However, essentially flat revenue, declining diluted EPS, an 8.4% operating margin, and modest cash conversion indicate that growth quality and operating momentum remain weak.

NIKE, Inc. Key Strengths (NKE)

Claude
  • + Exceptional ROE of 20.9% demonstrating superior capital efficiency
  • + Strong free cash flow of $2.2B with robust 4.7% FCF margin
  • + Solid balance sheet with 1.96x current ratio and conservative 0.53x debt/equity leverage
ChatGPT
  • + Strong liquidity with a 1.96x current ratio and $7.56B in cash
  • + Moderate leverage with long-term debt near cash levels and debt-to-equity of 0.53x
  • + Positive operating cash flow and $2.18B of free cash flow

NKE Stock Risks: NIKE, Inc. Investment Risks

Claude
  • ! Negligible revenue growth of 0.2% YoY indicating market stagnation or lost competitive position
  • ! Declining diluted EPS of -2.8% suggests profitability per share is contracting despite stable margins
  • ! Flat growth trajectory may constrain long-term shareholder returns without operational improvements
ChatGPT
  • ! Revenue growth is nearly stagnant at 0.2% year over year
  • ! Diluted EPS declined 2.8%, signaling earnings pressure despite stable revenue
  • ! Operating margin of 8.4% and free-cash-flow margin of 4.7% reflect weak profitability and cash conversion

Key Metrics to Watch

Claude
  • * Revenue growth acceleration and market share trends
  • * Diluted EPS stabilization and margin expansion opportunities
  • * Free cash flow deployment strategy and capital allocation efficiency
ChatGPT
  • * Revenue growth and operating margin
  • * Free cash flow margin

NIKE, Inc. (NKE) Financial Metrics & Key Ratios

Revenue
$46.4B
Net Income
$3.1B
EPS (Diluted)
$2.10
Free Cash Flow
$2.2B
Total Assets
$38.4B
Cash Position
$7.6B

💡 AI Analyst Insight

The relatively thin 4.7% FCF margin may limit capital allocation flexibility.

NKE Profit Margin, ROE & Profitability Analysis

Gross Margin 42.9%
Operating Margin 8.4%
Net Margin 6.7%
ROE 20.9%
ROA 8.1%
FCF Margin 4.7%

NKE vs Materials Sector: How NIKE, Inc. Compares

How NIKE, Inc. compares to Materials sector averages

Net Margin
NKE 6.7%
vs
Sector Avg 10.0%
NKE Sector
ROE
NKE 20.9%
vs
Sector Avg 14.0%
NKE Sector
Current Ratio
NKE 2.0x
vs
Sector Avg 1.6x
NKE Sector
Debt/Equity
NKE 0.5x
vs
Sector Avg 0.6x
NKE Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is NIKE, Inc. Stock Overvalued? NKE Valuation Analysis 2026

Based on fundamental analysis, NIKE, Inc. has mixed fundamental signals relative to the Materials sector in 2026.

Return on Equity
20.9%
Sector avg: 14%
Net Profit Margin
6.7%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.53x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

NIKE, Inc. Balance Sheet: NKE Debt, Cash & Liquidity

Current Ratio
1.96x
Quick Ratio
1.74x
Debt/Equity
0.53x
Debt/Assets
0.0%
Interest Coverage
N/A
Long-term Debt
$7.9B

NKE Revenue & Earnings Growth: 5-Year Financial Trend

NKE 5-year financial data: Year 2022: Revenue $46.7B, Net Income $2.5B, EPS $1.60. Year 2023: Revenue $51.2B, Net Income $5.7B, EPS $3.56. Year 2024: Revenue $51.4B, Net Income $6.0B, EPS $3.75. Year 2025: Revenue $51.4B, Net Income $5.1B, EPS $3.23. Year 2026: Revenue $51.4B, Net Income $5.7B, EPS $3.73.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: NIKE, Inc.'s revenue has shown modest growth of 10% over the 5-year period. The most recent EPS of $3.73 reflects profitable operations.

NKE Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
4.7%
Free cash flow / Revenue

NKE Quarterly Earnings & Performance

Quarterly financial performance data for NIKE, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2026 $11.3B $520.0M $0.35
Q2 2026 $12.4B $792.0M $0.53
Q1 2026 $11.6B $727.0M $0.49
Q3 2025 $11.3B $794.0M $0.54
Q2 2025 $12.4B $1.2B $0.78
Q1 2025 $11.6B $1.1B $0.70
Q3 2024 $12.4B $1.2B $0.77
Q2 2024 $13.3B $1.3B $0.85

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

NIKE, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$2.9B
Cash generated from operations
Stock Buybacks
$146.0M
Shares repurchased (TTM)
Capital Expenditures
$684.0M
Investment in assets
Dividends Paid
$2.4B
Returned to shareholders

NKE SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for NIKE, Inc. (CIK: 0000320187)

📋 Recent SEC Filings

Date Form Document Action
Aug 11, 2026 4 xslF345X06/form4.xml View →
Aug 10, 2026 8-K nke-20260804.htm View →
Aug 7, 2026 4 xslF345X06/form4.xml View →
Aug 7, 2026 4 xslF345X06/form4.xml View →
Aug 7, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about NKE

What is the AI rating for NKE?

NIKE, Inc. (NKE) has a Combined AI Grade of A from Claude (A) and ChatGPT (B) with 81% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are NKE's key strengths?

Claude: Exceptional ROE of 20.9% demonstrating superior capital efficiency. Strong free cash flow of $2.2B with robust 4.7% FCF margin. ChatGPT: Strong liquidity with a 1.96x current ratio and $7.56B in cash. Moderate leverage with long-term debt near cash levels and debt-to-equity of 0.53x.

What are the risks of investing in NKE?

Claude: Negligible revenue growth of 0.2% YoY indicating market stagnation or lost competitive position. Declining diluted EPS of -2.8% suggests profitability per share is contracting despite stable margins. ChatGPT: Revenue growth is nearly stagnant at 0.2% year over year. Diluted EPS declined 2.8%, signaling earnings pressure despite stable revenue.

What is NKE's revenue and growth?

NIKE, Inc. reported revenue of $46.4B.

Does NKE pay dividends?

NIKE, Inc. pays dividends, with $2,407.0M distributed to shareholders in the trailing twelve months.

Where can I find NKE SEC filings?

Official SEC filings for NIKE, Inc. (CIK: 0000320187) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is NKE's EPS?

NIKE, Inc. has a diluted EPS of $2.10.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is NKE's fundamental grade?

Based on our AI fundamental analysis in August 2026, NIKE, Inc. has a A grade with 81% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is NKE stock overvalued or undervalued?

Valuation metrics for NKE: ROE of 20.9% (sector avg: 14%), net margin of 6.7% (sector avg: 10%). Higher ROE suggests strong returns relative to peers.

What is NKE's AI grade for 2026?

Our dual AI analysis gives NIKE, Inc. a combined A grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is NKE's free cash flow?

NIKE, Inc.'s operating cash flow is $2.9B, with capital expenditures of $684.0M. FCF margin is 4.7%.

How does NKE compare to other Materials stocks?

Vs Materials sector averages: Net margin 6.7% (avg: 10%), ROE 20.9% (avg: 14%), current ratio 1.96 (avg: 1.6).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Aug 3, 2026 | Data as of: 2026-05-31 | Powered by Claude AI