NKE
NIKE, Inc.
NKE has a slight edge over PVH overall, supported by stronger valuation and lower modeled downside.
PVH
PVH Corp.
PVH offers stronger fundamentals, 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.
PVH Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Healthy | |
| Stable |
PVH's cash flow is currently healthy, and its revenue and balance sheet are stable, but its profitability is 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.
PVH PE Valuation
PVH has no meaningful PE right now: it lost money over the past year.
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.
PVH Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect PVH's earnings to grow, with its revenue and 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 has the edge over PVH on earnings quality, reporting a profit while its opponent remains loss making.
PVH Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.54 | — |
| Q3 2026 | -$3.56 | -140% |
| Q2 2026 | $3.30 | -53% |
| Q1 2026 | $0.52 | -95% |
| Q4 2025 | $6.67 | -45% |
| Q3 2025 | $8.92 | -29% |
| Q2 2025 | $7.09 | -37% |
| Q1 2025 | $10.56 | -1.9% |
| Q4 2024 | $12.19 | +43% |
PVH has swung to a loss: it lost $3.56 per share over the past year, after a profit the year before.
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 PVH on profitability, with a higher operating margin.
PVH Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.1B | -3.2% |
| Q2 2026 | $2B | +2.1% |
| Q1 2026 | $2.5B | +5.6% |
| Q4 2025 | $2.3B | +1.7% |
| Q3 2025 | $2.2B | +4.5% |
| Q2 2025 | $2B | +1.6% |
| Q1 2025 | $2.4B | -4.8% |
| Q4 2024 | $2.3B | -4.6% |
PVH has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -9.1% | -15 points |
| Q2 2026 | 6.1% | +23 points |
| Q1 2026 | 9.9% | +1.1 points |
| Q4 2025 | 7.9% | -0.2 points |
| Q3 2025 | 6.2% | -2.2 points |
| Q2 2025 | -17% | -27 points |
| Q1 2025 | 8.9% | -5.5 points |
| Q4 2024 | 8.1% | -1.6 points |
PVH's operating margin was −9.1% last quarter, down 15 points from the same quarter a year ago.
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.
PVH Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $346.4M | +90% |
| Q2 2026 | -$86M | +$12.1M |
| Q1 2026 | $539.7M | +22% |
| Q4 2025 | -$85.1M | -$73.8M |
| Q3 2025 | $181.9M | -29% |
| Q2 2025 | -$98.1M | +$7.4M |
| Q1 2025 | $443.2M | -23% |
| Q4 2024 | -$11.3M | -117% |
PVH 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.
PVH Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -300K shares |
| 1 year | -4.9% | -2.4M shares |
| 3 years | -26% | -16.6M shares |
| 5 years | -36% | -26.4M shares |
| Available history | -38% | -28.1M shares |
PVH has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2M |
| Q2 2026 | $14.9M |
| Q1 2026 | $500,000 |
| Q4 2025 | $200,000 |
| Q3 2025 | $4.8M |
| Q2 2025 | $572.2M |
| Q1 2025 | $244.6M |
| Q4 2024 | $34.8M |
PVH spent $18M buying back its own shares over the past year, down 98% 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 PVH on leverage, with a lower net debt burden relative to earnings.
PVH Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.1x | Moderate |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 3.2x | Elevated |
| Q4 2025 | 4.5x | High |
| Q3 2025 | 4.3x | High |
| Q2 2025 | 4.2x | High |
| Q1 2025 | 1.3x | Healthy |
| Q4 2024 | 1.3x | Healthy |
PVH's net debt is about 2.1 years of its operating earnings (EBITDA), down from 4.3 years a year ago.
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).
PVH Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.1 | Neutral |
| Stochastic | 83.7 | Overbought |
PVH's weekly RSI is 63 (neutral) and its Stochastic is 84 (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 is trading at 18x earnings, in line with the Consumer Cyclical sector's median of 18x.
PVH PE vs Consumer Cyclical Sector
| Metric | PVH | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
PVH has no meaningful PE right now: it lost money over the past year.
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.
PVH Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $84.4 | 9.8% above |
| 20 week MA | $80.9 | 15% above |
| 50 week MA | $77.5 | 20% above |
| 100 week MA | $78.2 | 19% above |
| 200 week MA | $88.1 | 5.2% above |
PVH 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.
PVH Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $104.1 | $93.8 | -9.8% |
| 2021 | $93.8 | $100.3 | +6.9% |
| 2022 | $100.3 | $70.1 | -30% |
| 2023 | $70.1 | $122.1 | +74% |
| 2024 | $122.1 | $107.5 | -12% |
| 2025 | $107.5 | $68.7 | -36% |
| 2026 YTD | $68.7 | $92.7 | +35% |
PVH has the edge over NKE on returns for 2026, with the stronger performance.