LE
Lands' End, Inc.
LE offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
NKE
NIKE, Inc.
NKE has the edge over LE overall, supported by stronger valuation and stronger fundamentals.
LE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Weak | |
| Strong |
LE's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
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.
LE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 0.8x | $8.92 | — |
| Cheap | 13x | $142 | +1490% |
| Forward | 15x | $8.92 | — |
| Fair | 38x | $426 | +4674% |
| Expensive | 68x | $765 | +8479% |
Historical ranges are pointers, not guarantees.
LE has the edge over NKE in the historical PE scenario, which offers more potential upside but is not a forecast.
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's PE is in its cheap range at 18x. On analysts' estimates for next year's earnings, today's price would be 30x, in its fair range.
LE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect LE's earnings and profitability to decline, with its revenue holding steady. However, they disagree widely on these estimates.
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.
LE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.59 | -95% |
| Q3 2026 | $11.24 | +6144% |
| Q2 2026 | $11.01 | +8369% |
| Q1 2026 | $0.18 | -10% |
| Q4 2025 | $0.37 | +$1.03 |
| Q3 2025 | $0.18 | +$4.34 |
| Q2 2025 | $0.13 | +$4.37 |
| Q1 2025 | $0.20 | +$4.29 |
| Q4 2024 | -$0.66 | +$3.26 |
LE 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.
LE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $268.9M | +5.3% |
| Q2 2026 | $205.1M | -9.9% |
| Q1 2026 | $402.3M | -8.9% |
| Q4 2025 | $277.5M | -13% |
| Q3 2025 | $255.3M | -20% |
| Q2 2025 | $227.8M | -20% |
| Q1 2025 | $441.7M | -14% |
| Q4 2024 | $318.6M | -1.9% |
LE's revenue is recovering but still below its 2022 peak: $269M last quarter, up 5.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3% | +1.5 points |
| Q2 2026 | -22% | -21 points |
| Q1 2026 | 6.4% | -1.9 points |
| Q4 2025 | 6% | +3.1 points |
| Q3 2025 | 1.6% | +0.8 points |
| Q2 2025 | -1% | -1.8 points |
| Q1 2025 | 8.4% | +6.8 points |
| Q4 2024 | 2.9% | +34 points |
LE's operating margin was 3% last quarter, up 1.5 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 has the edge over LE on sales, with more consistent year-over-year improvement.
| 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 LE on profitability, with a higher operating margin.
LE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$26.1M | -286% |
| Q2 2026 | -$84.4M | -$53.7M |
| Q1 2026 | $59.5M | +20% |
| Q4 2025 | -$22.4M | +$5.4M |
| Q3 2025 | $14.1M | -46% |
| Q2 2025 | -$30.7M | +$1.8M |
| Q1 2025 | $49.7M | -43% |
| Q4 2024 | -$27.8M | -$4M |
LE's free cash flow was −$73M over the past year, against $5M the year before.
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 has the edge over LE on cash generation, producing positive trailing cash flow while its opponent burns cash.
LE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.9% | -1.2M shares |
| 1 year | -2.1% | -635K shares |
| 3 years | -6.3% | -2M shares |
| 5 years | -11% | -3.6M shares |
| Available history | -7.1% | -2.3M shares |
LE has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2024 | $1M |
| Q1 2024 | $2.1M |
| Q4 2023 | $3M |
| Q3 2023 | $3M |
| Q2 2023 | $3.8M |
| Q1 2023 | $3.2M |
| Q4 2022 | $2.9M |
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.
LE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.5x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 2.7x | Moderate |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 3.6x | Elevated |
LE has the edge over NKE on leverage, with a lower net debt burden relative to earnings.
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's net debt is less than a year of its operating earnings (EBITDA).
LE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.3 | Neutral |
| Stochastic | 3.0 | Oversold |
LE's weekly RSI is 33 (neutral) and its Stochastic is 3 (oversold).
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).
LE PE vs Consumer Cyclical Sector
| Metric | LE | Sector median | Relative |
|---|---|---|---|
| PE | 0.8x | 18x | 96% below |
| PE % | 0 | 47 | 47 pts below |
LE has the edge over NKE on valuation relative to its sector.
NKE PE vs Consumer Cyclical Sector
| Metric | NKE | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 18x | 0.3% above |
| PE % | 2 | 47 | 45 pts below |
NKE is trading at 18x earnings, in line with the Consumer Cyclical sector's median of 18x.
LE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.78 | 8.8% below |
| 20 week MA | $10.9 | 18% below |
| 50 week MA | $12.7 | 30% below |
| 100 week MA | $12.4 | 28% below |
| 200 week MA | $11.6 | 23% below |
LE is in a downtrend: it's below all five of its weekly moving averages, and 23% below its 200-week average.
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 the edge over LE on trend strength, trading above more of its moving averages.
LE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $17.6 | $19.8 | +13% |
| 2021 | $19.8 | $19.1 | -3.6% |
| 2022 | $19.1 | $7.21 | -62% |
| 2023 | $7.21 | $9.56 | +33% |
| 2024 | $9.56 | $13.4 | +40% |
| 2025 | $13.4 | $14.6 | +9.2% |
| 2026 YTD | $14.6 | $8.92 | -39% |
LE is down 39% so far in 2026, after finishing higher in four of the previous six years.
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 the edge over LE on returns for 2026, with the stronger performance.