FNKO
Funko, Inc.
FNKO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
NKE
NIKE, Inc.
NKE has the edge over FNKO overall, supported by stronger valuation and lower modeled downside.
FNKO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
FNKO's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
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.
FNKO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $0.84 | -88% |
| Fair | 18x | $1.29 | -81% |
| Forward | 28x | $6.90 | — |
| Expensive | 39x | $2.71 | -61% |
| Current | 99x | $6.90 | — |
Historical ranges are pointers, not guarantees.
FNKO's PE is in its expensive range at 99x. If earnings grow as analysts expect, today's price would be 28x next year's earnings.
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 FNKO in the historical PE scenario, which offers more potential upside but is not a forecast.
FNKO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
FNKO has the edge over NKE on the outlook, with more favorable valuation and earnings expectations.
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.
FNKO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.25 | +252% |
| Q3 2026 | $0.07 | +$1.32 |
| Q2 2026 | -$0.04 | +$1.15 |
| Q1 2026 | -$1.05 | -$0.70 |
| Q4 2025 | -$1.24 | -$0.96 |
| Q3 2025 | -$1.25 | -$0.81 |
| Q2 2025 | -$1.19 | -$0.36 |
| Q1 2025 | -$0.35 | +$2.12 |
| Q4 2024 | -$0.28 | +$2.91 |
FNKO has the edge over NKE on earnings, with more consistent year-over-year improvement.
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.
FNKO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $258.3M | +3% |
| Q2 2026 | $207.7M | +7.4% |
| Q1 2026 | $200.9M | +5.3% |
| Q4 2025 | $273.1M | -7% |
| Q3 2025 | $250.9M | -14% |
| Q2 2025 | $193.5M | -22% |
| Q1 2025 | $190.7M | -12% |
| Q4 2024 | $293.7M | +0.9% |
FNKO's revenue fell from its 2022 peak and has held roughly level since: $258M last quarter, up 3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.8% | +3.2 points |
| Q2 2026 | 11% | +29 points |
| Q1 2026 | -4.8% | +7.4 points |
| Q4 2025 | 2.2% | +0.3 points |
| Q3 2025 | 2.6% | -1.4 points |
| Q2 2025 | -18% | -22 points |
| Q1 2025 | -12% | -5.3 points |
| Q4 2024 | 1.9% | +3 points |
FNKO's operating margin was 5.8% last quarter, up 3.2 points from the same quarter a year ago.
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 FNKO on profitability, with a higher operating margin.
FNKO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $24.7M | +631% |
| Q2 2026 | $2.7M | +$34.6M |
| Q1 2026 | $1.9M | +$30.8M |
| Q4 2025 | $19.2M | -60% |
| Q3 2025 | $3.4M | +$7.6M |
| Q2 2025 | -$31.8M | -187% |
| Q1 2025 | -$28.8M | -378% |
| Q4 2024 | $47.8M | +62% |
FNKO 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.
FNKO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +649K shares |
| 1 year | +6.2% | +3.4M shares |
| 3 years | +20% | +9.9M shares |
| 5 years | +39% | +16.3M shares |
| Available history | +76% | +25.2M shares |
FNKO has 58M diluted shares, up 6.2% from a year ago.
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 the edge over FNKO on shareholder dilution, with a more favorable share count trend.
| 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.
FNKO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 6.8x | High |
| Q4 2025 | 13.5x | High |
| Q3 2025 | 4.6x | High |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.2x | Healthy |
FNKO's net debt is about 1.6 years of its operating earnings (EBITDA), down from 4.6 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 FNKO on leverage, with a lower net debt burden relative to earnings.
FNKO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 67.3 | Neutral |
FNKO's weekly RSI is 62 (neutral) and its Stochastic is 67 (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).
FNKO PE vs Consumer Cyclical Sector
| Metric | FNKO | Sector median | Relative |
|---|---|---|---|
| PE | 99x | 18x | 447% above |
| PE % | 94 | 47 | 47 pts above |
FNKO is trading at 99x earnings, a 447% 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 FNKO on valuation relative to its sector.
FNKO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.41 | 7.6% above |
| 20 week MA | $6.10 | 13% above |
| 50 week MA | $4.99 | 38% above |
| 100 week MA | $5.61 | 23% above |
| 200 week MA | $7.30 | 5.5% below |
FNKO 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.
FNKO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.9 | $10.7 | -37% |
| 2021 | $10.7 | $18.7 | +75% |
| 2022 | $18.7 | $9.89 | -47% |
| 2023 | $9.89 | $7.73 | -22% |
| 2024 | $7.73 | $13.2 | +71% |
| 2025 | $13.2 | $3.52 | -73% |
| 2026 YTD | $3.52 | $6.90 | +96% |
FNKO 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.