NKE
NIKE, Inc.
NKE has the edge over PLBY overall, supported by stronger valuation and lower modeled downside.
PLBY
Playboy, Inc.
PLBY offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
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.
PLBY Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Weak | |
| Weak |
PLBY's profitability is currently healthy, but its revenue, cash flow and balance sheet are under pressure.
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.
PLBY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 31x | $1.22 | — |
| Forward | 31x | $1.22 | — |
| Cheap | 49x | $1.98 | +62% |
| Fair | 54x | $2.15 | +76% |
| Expensive | 60x | $2.39 | +96% |
Historical ranges are pointers, not guarantees.
PLBY has the edge over NKE in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
PLBY Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| -- | |
| Limited | |
| -- |
PLBY has the edge over NKE on the outlook, with more favorable valuation and earnings expectations.
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.
PLBY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.04 | 0% |
| Q3 2026 | $0.04 | +$0.35 |
| Q2 2026 | $0.02 | +$0.78 |
| Q1 2026 | -$0.06 | +$0.85 |
| Q4 2025 | -$0.13 | +$0.91 |
| Q3 2025 | -$0.31 | +$0.69 |
| Q2 2025 | -$0.76 | -$0.11 |
| Q1 2025 | -$0.91 | +$1.27 |
| Q4 2024 | -$1.04 | +$1.49 |
PLBY 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.
PLBY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $31.7M | +9.4% |
| Q2 2026 | $31.2M | +11% |
| Q1 2026 | $30.2M | +4.7% |
| Q4 2025 | $34.9M | -58% |
| Q3 2025 | $29M | +125% |
| Q2 2025 | $28.1M | +13% |
| Q1 2025 | $28.9M | +2% |
| Q4 2024 | $83.3M | +112% |
PLBY has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +7.9 points |
| Q2 2026 | 9.5% | +30 points |
| Q1 2026 | -5.4% | +16 points |
| Q4 2025 | 7.9% | +16 points |
| Q3 2025 | 4.7% | +224 points |
| Q2 2025 | -21% | +16 points |
| Q1 2025 | -22% | +9.8 points |
| Q4 2024 | -7.8% | +8.1 points |
PLBY 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 has the edge over PLBY on cash generation, producing positive trailing cash flow while its opponent burns cash.
PLBY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $548K | -94% |
| Q2 2026 | -$571K | +$3.7M |
| Q1 2026 | -$8.7M | -$1M |
| Q4 2025 | $1.1M | +$1.9M |
| Q3 2025 | $9.8M | +$16.4M |
| Q2 2025 | -$4.3M | -$603K |
| Q1 2025 | -$7.7M | +$2.7M |
| Q4 2024 | -$743K | +$3.3M |
PLBY has burned cash in most quarters: −$8M over the past year, against −$3M 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.
PLBY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -7.5% | -8.6M shares |
| 1 year | -5.7% | -6.4M shares |
| 3 years | +44% | +32.2M shares |
| 5 years | +189% | +69.4M shares |
| Available history | +2622% | +102M shares |
PLBY has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $3M |
| Q1 2020 | — |
| Q4 2019 | — |
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 PLBY on leverage, with a lower net debt burden relative to earnings.
PLBY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 11.2x | High |
| Q2 2026 | 14.5x | High |
| Q1 2020 | 0.0x | Very low |
| Q4 2019 | 68.5x | High |
PLBY's net debt is about 11 years 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).
PLBY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.7 | Neutral |
| Stochastic | 43.0 | Neutral |
PLBY's weekly RSI is 49 (neutral) and its Stochastic is 43 (neutral).
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 PLBY on valuation relative to its sector.
PLBY PE vs Consumer Cyclical Sector
| Metric | PLBY | Sector median | Relative |
|---|---|---|---|
| PE | 31x | 18x | 69% above |
PLBY is trading at 31x earnings, a 69% premium to the Consumer Cyclical sector's median of 18x, though its earnings don't support one.
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.
PLBY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.11 | 9.9% above |
| 20 week MA | $1.15 | 6.1% above |
| 50 week MA | $1.48 | 18% below |
| 100 week MA | $1.51 | 19% below |
| 200 week MA | $1.36 | 10% below |
PLBY 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.
PLBY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.0 | $10.7 | +6.5% |
| 2021 | $10.7 | $28.9 | +171% |
| 2022 | $28.9 | $2.91 | -90% |
| 2023 | $2.91 | $1.00 | -66% |
| 2024 | $1.00 | $1.50 | +50% |
| 2025 | $1.50 | $1.87 | +25% |
| 2026 YTD | $1.87 | $1.22 | -35% |
PLBY has the edge over NKE on returns for 2026, with the stronger performance.