BALL
Ball Corporation
BALL's outlook is improving, though it still trails on the overall score.
NKE
NIKE, Inc.
NKE has the edge over BALL overall, supported by stronger valuation and stronger modeled upside.
BALL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Weak |
BALL's revenue and cash flow are currently healthy, and its profitability is stable, but its balance sheet is weak.
NKE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Strong |
NKE's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
BALL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $64.91 | — |
| Cheap | 16x | $32.46 | -50% |
| Fair | 26x | $52.14 | -20% |
| Current | 33x | $64.91 | — |
| Expensive | 41x | $80.99 | +25% |
Historical ranges are pointers, not guarantees.
BALL's PE is in its fair range at 33x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its cheap range.
NKE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 18x | $37.76 | — |
| Cheap | 23x | $47.70 | +26% |
| Forward | 30x | $37.76 | — |
| Fair | 33x | $68.16 | +80% |
| Expensive | 47x | $97.86 | +159% |
Historical ranges are pointers, not guarantees.
NKE has the edge over BALL in the historical PE scenario, which offers more potential upside but is not a forecast.
BALL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for BALL, with profitability holding steady.
NKE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Decline | |
| Improving | |
| Moderate | |
| Low |
Analysts expect NKE's profitability to improve, but its revenue to decline. However, they disagree widely on these estimates.
BALL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.30 | +118% |
| Q3 2026 | $1.97 | -20% |
| Q2 2026 | $3.51 | +82% |
| Q1 2026 | $3.44 | +105% |
| Q4 2025 | $3.30 | -74% |
| Q3 2025 | $2.46 | -81% |
| Q2 2025 | $1.93 | -85% |
| Q1 2025 | $1.68 | -87% |
| Q4 2024 | $12.66 | +468% |
BALL's earnings per share have fallen from their peak: $1.97 over the past year, against $13.28 in early 2024.
NKE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.27 | -39% |
| Q3 2026 | $2.09 | +7.2% |
| Q2 2026 | $2.10 | -2.8% |
| Q1 2026 | $1.51 | -50% |
| Q4 2025 | $1.70 | -48% |
| Q3 2025 | $1.95 | -44% |
| Q2 2025 | $2.16 | -42% |
| Q1 2025 | $3.01 | -11% |
| Q4 2024 | $3.24 | -5.3% |
NKE's earnings per share have fallen from their peak: $2.09 over the past year, against $3.82 in late 2021.
BALL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.2B | +24% |
| Q2 2026 | $4B | +20% |
| Q1 2026 | $3.6B | +16% |
| Q4 2025 | $3.3B | +16% |
| Q3 2025 | $3.4B | +9.6% |
| Q2 2025 | $3.3B | +13% |
| Q1 2025 | $3.1B | +7.8% |
| Q4 2024 | $2.9B | -15% |
BALL has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3.5% | -15 points |
| Q2 2026 | 7% | -1.1 points |
| Q1 2026 | 7.2% | -0.2 points |
| Q4 2025 | 7.2% | +6.9 points |
| Q3 2025 | 12% | +4.2 points |
| Q2 2025 | 8% | +1.3 points |
| Q1 2025 | 7.4% | +0.6 points |
| Q4 2024 | 0.2% | -8.6 points |
BALL's operating margin was −3.5% last quarter, down 15 points from the same quarter a year ago, near the bottom of its range since 2019.
NKE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11.2B | -4.3% |
| Q2 2026 | $11B | -1.1% |
| Q1 2026 | $11.3B | +0.1% |
| Q4 2025 | $12.4B | +0.6% |
| Q3 2025 | $11.7B | +1.1% |
| Q2 2025 | $11.1B | -12% |
| Q1 2025 | $11.3B | -9.3% |
| Q4 2024 | $12.4B | -7.7% |
NKE's revenue fell from its 2023 peak and has held roughly level since: $11.2B last quarter, down 4.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.2% | +0.3 points |
| Q2 2026 | 12% | +9.2 points |
| Q1 2026 | 5.8% | -1.7 points |
| Q4 2025 | 8% | -3.4 points |
| Q3 2025 | 7.9% | -3.4 points |
| Q2 2025 | 2.9% | -11 points |
| Q1 2025 | 7.5% | -3.8 points |
| Q4 2024 | 11% | -2.9 points |
NKE has the edge over BALL on profitability, with a higher operating margin.
BALL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $32M | -88% |
| Q2 2026 | $467M | +98% |
| Q1 2026 | -$938M | -$192M |
| Q4 2025 | $1B | +165% |
| Q3 2025 | $257M | -48% |
| Q2 2025 | $236M | +62% |
| Q1 2025 | -$746M | +$655M |
| Q4 2024 | $393M | -25% |
BALL has the edge over NKE on cash flow, with more consistent year-over-year improvement.
NKE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$64M | -527% |
| Q2 2026 | $1.5B | +313% |
| Q1 2026 | $284M | -83% |
| Q4 2025 | $386M | -58% |
| Q3 2025 | $15M | -95% |
| Q2 2025 | $363M | -85% |
| Q1 2025 | $1.7B | -11% |
| Q4 2024 | $920M | -65% |
NKE usually generates cash, though not every quarter: the latest was −$64M, but it generated $2.1B over the past year.
BALL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.3M shares |
| 1 year | -3.3% | -9.1M shares |
| 3 years | -17% | -53.5M shares |
| 5 years | -20% | -67.8M shares |
| Available history | -22% | -76.3M shares |
BALL has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $157M |
| Q2 2026 | $114M |
| Q1 2026 | $1M |
| Q4 2025 | $215M |
| Q3 2025 | $84M |
| Q2 2025 | $467M |
| Q1 2025 | $555M |
| Q4 2024 | $651M |
BALL spent $487M buying back its own shares over the past year, down 72% from the year before.
NKE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +3.2M shares |
| 1 year | +0.4% | +5.2M shares |
| 3 years | -3.8% | -59.1M shares |
| 5 years | -8.4% | -135M shares |
| Available history | -6.9% | -110M shares |
NKE has 1.5B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $20M |
| Q3 2025 | $126M |
| Q2 2025 | $199M |
| Q1 2025 | $506M |
| Q4 2024 | $1.1B |
NKE has spent almost nothing on buybacks in the past year.
BALL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.4x | High |
| Q2 2026 | 3.7x | Elevated |
| Q1 2026 | 4.0x | Elevated |
| Q4 2025 | 3.3x | Elevated |
| Q3 2025 | 4.4x | High |
| Q2 2025 | 5.0x | High |
| Q1 2025 | 5.0x | High |
| Q4 2024 | 3.9x | Elevated |
BALL's net debt is about 5.4 years of its operating earnings (EBITDA), up from 4.4 years a year ago.
NKE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.2x | Very low |
| Q2 2026 | 0.1x | Very low |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | 0.2x | Very low |
| Q3 2024 | 0.1x | Very low |
| Q2 2024 | -0.1x | Net Cash |
| Q1 2024 | -0.0x | Very low |
| Q4 2023 | 0.1x | Very low |
NKE has the edge over BALL on leverage, with a lower net debt burden relative to earnings.
BALL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.5 | Neutral |
| Stochastic | 77.9 | Neutral |
BALL's weekly RSI is 57 (neutral) and its Stochastic is 78 (neutral).
NKE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.0 | Neutral |
| Stochastic | 57.5 | Neutral |
NKE's weekly RSI is 40 (neutral) and its Stochastic is 58 (neutral).
BALL PE vs Consumer Cyclical Sector
| Metric | BALL | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 18x | 83% above |
| PE % | 61 | 47 | 14 pts above |
BALL is trading at 33x earnings, a 83% premium to the Consumer Cyclical sector's median of 18x.
NKE PE vs Consumer Cyclical Sector
| Metric | NKE | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 18x | 0.3% above |
| PE % | 2 | 47 | 45 pts below |
NKE has the edge over BALL on valuation relative to its sector.
BALL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $62.1 | 4.5% above |
| 20 week MA | $62.4 | 4% above |
| 50 week MA | $60.1 | 8% above |
| 100 week MA | $56.2 | 15% above |
| 200 week MA | $57.5 | 13% above |
BALL has the edge over NKE on trend strength, trading above more of its moving averages.
NKE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.7 | 2.8% above |
| 20 week MA | $39.2 | 3.6% below |
| 50 week MA | $48.0 | 21% below |
| 100 week MA | $58.4 | 35% below |
| 200 week MA | $79.2 | 52% below |
NKE has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 52% below its 200-week average.
BALL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $64.7 | $92.3 | +43% |
| 2021 | $92.3 | $90.0 | -2.5% |
| 2022 | $90.0 | $51.6 | -43% |
| 2023 | $51.6 | $57.5 | +11% |
| 2024 | $57.5 | $55.8 | -2.9% |
| 2025 | $55.8 | $52.7 | -5.7% |
| 2026 YTD | $52.7 | $64.9 | +23% |
BALL has the edge over NKE on returns for 2026, with the stronger performance.
NKE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.6 | $141.6 | +39% |
| 2021 | $141.6 | $165.7 | +17% |
| 2022 | $165.7 | $116.3 | -30% |
| 2023 | $116.3 | $108.6 | -6.6% |
| 2024 | $108.6 | $76.4 | -30% |
| 2025 | $76.4 | $60.9 | -20% |
| 2026 YTD | $60.9 | $37.8 | -38% |
NKE has finished four years in a row lower, and it's down 38% so far in 2026.