NKE
NIKE, Inc.
NKE has lower modeled downside risk, despite its lower overall score.
PTON
Peloton Interactive, Inc.
PTON has the edge over NKE overall, supported by stronger fundamentals and stronger modeled upside.
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.
PTON Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
PTON'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'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.
PTON PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $5.53 | — |
| Current | 18x | $5.53 | — |
| Cheap | 39x | $11.63 | +110% |
| Fair | 178x | $53.35 | +865% |
| Expensive | 1,471x | $441 | +7883% |
Historical ranges are pointers, not guarantees.
PTON 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.
PTON Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
PTON 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.
PTON Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.32 | +6.8% |
| Q3 2026 | $0.30 | +$0.57 |
| Q2 2026 | $0.14 | +$0.44 |
| Q1 2026 | $0.06 | +$0.50 |
| Q4 2025 | -$0.12 | +$0.65 |
| Q3 2025 | -$0.27 | +$0.80 |
| Q2 2025 | -$0.30 | +$1.21 |
| Q1 2025 | -$0.44 | +$1.66 |
| Q4 2024 | -$0.77 | +$1.67 |
PTON 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 has the edge over PTON on sales, with stronger typical year-over-year growth.
| 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.
PTON Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $559.2M | +1.5% |
| Q2 2026 | $607.7M | +0.1% |
| Q1 2026 | $630.9M | +1.1% |
| Q4 2025 | $656.5M | -2.6% |
| Q3 2025 | $550.8M | -6% |
| Q2 2025 | $606.9M | -5.7% |
| Q1 2025 | $624M | -13% |
| Q4 2024 | $673.9M | -9.4% |
PTON's revenue fell from its 2021 peak and has held roughly level since: $559M last quarter, up 1.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +13 points |
| Q2 2026 | 13% | +8.5 points |
| Q1 2026 | 8.3% | +14 points |
| Q4 2025 | -2.2% | +4.6 points |
| Q3 2025 | 7.5% | +5.4 points |
| Q2 2025 | 4.9% | +15 points |
| Q1 2025 | -5.2% | +15 points |
| Q4 2024 | -6.8% | +18 points |
PTON 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.
PTON Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $143.4M | +113% |
| Q2 2026 | $88.8M | -21% |
| Q1 2026 | $150.5M | +59% |
| Q4 2025 | $71M | -33% |
| Q3 2025 | $67.4M | +530% |
| Q2 2025 | $112.4M | +332% |
| Q1 2025 | $94.6M | +1000% |
| Q4 2024 | $106M | +$143.1M |
PTON 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 the edge over PTON 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.
PTON Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +20% | +89.2M shares |
| 1 year | +22% | +95.4M shares |
| 3 years | +47% | +167M shares |
| 5 years | +74% | +224M shares |
| Available history | +88% | +245M shares |
PTON has 525M diluted shares, up 22% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2020 | — |
| Q1 2020 | — |
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).
PTON Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 3.6x | Elevated |
| Q3 2025 | 5.8x | High |
| Q2 2025 | 9.3x | High |
| Q1 2021 | -8.1x | Net Cash |
| Q4 2020 | -6.1x | Net Cash |
PTON has the edge over NKE on leverage, with a lower net debt burden relative to earnings.
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).
PTON Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.9 | Neutral |
| Stochastic | 43.7 | Neutral |
PTON's weekly RSI is 52 (neutral) and its Stochastic is 44 (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 PTON on valuation relative to its sector.
PTON PE vs Consumer Cyclical Sector
| Metric | PTON | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 18x | 2.3% above |
| PE % | 0 | 47 | 47 pts below |
PTON is trading at 18x earnings, in line with 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.
PTON Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.23 | 5.7% above |
| 20 week MA | $5.47 | 1.1% above |
| 50 week MA | $5.39 | 2.6% above |
| 100 week MA | $6.38 | 13% below |
| 200 week MA | $6.45 | 14% below |
PTON 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.
PTON Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $27.0 | $162.7 | +503% |
| 2021 | $162.7 | $38.6 | -76% |
| 2022 | $38.6 | $8.89 | -77% |
| 2023 | $8.89 | $6.09 | -31% |
| 2024 | $6.09 | $9.39 | +54% |
| 2025 | $9.39 | $6.06 | -35% |
| 2026 YTD | $6.06 | $5.53 | -8.7% |
PTON has the edge over NKE on returns for 2026, with the stronger performance.