NKE
NIKE, Inc.
NKE offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
OSW
OneSpaWorld Holdings Limited
OSW has a slight edge over NKE overall, supported by stronger fundamentals.
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.
OSW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
OSW's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
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 OSW in the historical PE scenario, which offers more potential upside but is not a forecast.
OSW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 24x | $30.69 | — |
| Cheap | 27x | $23.09 | -25% |
| Fair | 33x | $27.31 | -11% |
| Current | 37x | $30.69 | — |
| Expensive | 41x | $34.47 | +12% |
Historical ranges are pointers, not guarantees.
OSW's PE is in its expensive range at 37x. If earnings grow as analysts expect, today's price would be 24x next year's earnings, in its cheap range.
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.
OSW Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for OSW, with profitability holding steady.
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.
OSW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.27 | +51% |
| Q3 2026 | $0.84 | +20% |
| Q2 2026 | $0.79 | +18% |
| Q1 2026 | $0.75 | +19% |
| Q4 2025 | $0.69 | 0% |
| Q3 2025 | $0.70 | +43% |
| Q2 2025 | $0.67 | +49% |
| Q1 2025 | $0.63 | +133% |
| Q4 2024 | $0.69 | +$0.80 |
OSW has the edge over NKE on earnings, with more consistent year-over-year improvement.
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's operating margin was 8.2% last quarter, about level with the same quarter a year ago.
OSW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $276.5M | +7% |
| Q2 2026 | $261.2M | +8.5% |
| Q1 2026 | $247.6M | +13% |
| Q4 2025 | $242.1M | +11% |
| Q3 2025 | $258.5M | +7% |
| Q2 2025 | $240.7M | +7% |
| Q1 2025 | $219.6M | +4% |
| Q4 2024 | $217.2M | +11% |
OSW has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +0.7 points |
| Q2 2026 | 9.4% | +0.2 points |
| Q1 2026 | 9.2% | +1.6 points |
| Q4 2025 | 6.8% | -1.2 points |
| Q3 2025 | 10% | -0.2 points |
| Q2 2025 | 9.2% | +0.8 points |
| Q1 2025 | 7.7% | -0.4 points |
| Q4 2024 | 7.9% | +1.4 points |
OSW has the edge over NKE on profitability, with a higher operating margin.
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.
OSW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $43.6M | +58% |
| Q2 2026 | $31M | +77% |
| Q1 2026 | $4.7M | -44% |
| Q4 2025 | $14.9M | +13% |
| Q3 2025 | $27.6M | +0.3% |
| Q2 2025 | $17.6M | 0% |
| Q1 2025 | $8.4M | -39% |
| Q4 2024 | $13.2M | -8.7% |
OSW has the edge over NKE on cash flow, with more consistent year-over-year improvement.
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.
OSW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -617K shares |
| 1 year | -1.7% | -1.8M shares |
| 3 years | +0.5% | +495K shares |
| 5 years | +12% | +11M shares |
| Available history | +36% | +26.7M shares |
OSW has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $37.2M |
| Q2 2026 | $379,000 |
| Q1 2026 | — |
| Q4 2025 | $19.9M |
| Q3 2025 | $17.6M |
| Q2 2025 | — |
| Q1 2025 | $37.9M |
| Q4 2024 | — |
OSW spent $57M buying back its own shares over the past year, up 3.5% from the year before.
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 OSW on leverage, with a lower net debt burden relative to earnings.
OSW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.4x | Very low |
OSW's net debt is less than a year of its operating earnings (EBITDA).
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).
OSW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.3 | Neutral |
| Stochastic | 89.8 | Overbought |
OSW's weekly RSI is 69 (neutral) and its Stochastic is 90 (overbought).
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 OSW on valuation relative to its sector.
OSW PE vs Consumer Cyclical Sector
| Metric | OSW | Sector median | Relative |
|---|---|---|---|
| PE | 37x | 18x | 103% above |
| PE % | 72 | 47 | 25 pts above |
OSW is trading at 37x earnings, a 103% premium to the Consumer Cyclical sector's median of 18x.
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.
OSW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $26.3 | 17% above |
| 20 week MA | $25.7 | 19% above |
| 50 week MA | $23.9 | 28% above |
| 100 week MA | $22.0 | 40% above |
| 200 week MA | $17.7 | 73% above |
OSW has the edge over NKE on trend strength, trading above more of its moving averages.
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.
OSW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.9 | $9.03 | -47% |
| 2021 | $9.03 | $10.1 | +12% |
| 2022 | $10.1 | $9.45 | -6.6% |
| 2023 | $9.45 | $14.1 | +49% |
| 2024 | $14.1 | $20.0 | +42% |
| 2025 | $20.0 | $21.4 | +7% |
| 2026 YTD | $21.4 | $30.7 | +44% |
OSW has the edge over NKE on returns for 2026, with the stronger performance.