NKE
NIKE, Inc.
NKE has the edge over RAVE overall, supported by stronger valuation and lower modeled downside.
RAVE
RAVE Restaurant Group, Inc.
RAVE 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.
RAVE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
RAVE'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 RAVE in the historical PE scenario, which offers more potential upside but is not a forecast.
RAVE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.8x | $0.95 | -55% |
| Current | 11x | $2.11 | — |
| Fair | 14x | $2.71 | +28% |
| Expensive | 17x | $3.36 | +59% |
Historical ranges are pointers, not guarantees.
RAVE's PE is in its cheap range at 11x.
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.
RAVE Forward outlook
There aren't enough analyst estimates for RAVE to show an outlook.
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.
RAVE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.20 | 0% |
| Q2 2026 | $0.20 | +5.3% |
| Q1 2026 | $0.21 | +11% |
| Q4 2025 | $0.20 | +11% |
| Q3 2025 | $0.20 | +11% |
| Q2 2025 | $0.19 | +12% |
| Q1 2025 | $0.19 | +27% |
| Q4 2024 | $0.18 | +38% |
RAVE 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.
RAVE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.3M | +3.4% |
| Q2 2026 | $3.4M | +8.8% |
| Q1 2026 | $3.2M | +8.7% |
| Q4 2025 | $3M | +6% |
| Q3 2025 | $3.2M | +5.3% |
| Q2 2025 | $3.2M | -6% |
| Q1 2025 | $3M | +0.1% |
| Q4 2024 | $2.9M | +2.8% |
RAVE has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | -0.5 points |
| Q2 2026 | 30% | -9 points |
| Q1 2026 | 30% | -2.3 points |
| Q4 2025 | 24% | -1.8 points |
| Q3 2025 | 23% | +0.6 points |
| Q2 2025 | 39% | +3.6 points |
| Q1 2025 | 32% | +3.2 points |
| Q4 2024 | 26% | +6.8 points |
RAVE 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.
RAVE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.1M | +88% |
| Q2 2026 | $1.5M | +24% |
| Q1 2026 | $1.1M | +16% |
| Q4 2025 | $297K | -54% |
| Q3 2025 | $600K | +15% |
| Q2 2025 | $1.2M | -13% |
| Q1 2025 | $953K | -4.3% |
| Q4 2024 | $651K | +$990K |
RAVE 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 RAVE 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.
RAVE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +118K shares |
| 1 year | +1% | +145K shares |
| 3 years | -2.3% | -340K shares |
| 5 years | -23% | -4.4M shares |
| Available history | -9.5% | -1.5M shares |
RAVE has 14M diluted shares, up 1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q2 2025 | $1,000 |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
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).
RAVE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.8x | Net Cash |
RAVE 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).
RAVE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 28.9 | Oversold |
| Stochastic | 5.2 | Oversold |
RAVE's weekly RSI is 29 (oversold) and its Stochastic is 5 (oversold).
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.
RAVE PE vs Consumer Cyclical Sector
| Metric | RAVE | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 18x | 41% below |
| PE % | 32 | 47 | 15 pts below |
RAVE has the edge over NKE on valuation relative to its sector.
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 RAVE on trend strength, trading above more of its moving averages.
RAVE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.20 | 4.1% below |
| 20 week MA | $2.76 | 24% below |
| 50 week MA | $2.87 | 26% below |
| 100 week MA | $2.83 | 25% below |
| 200 week MA | $2.42 | 13% below |
RAVE is in a downtrend: it's below all five of its weekly moving averages, and 13% below its 200-week average.
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.
RAVE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.71 | $0.90 | -47% |
| 2021 | $0.90 | $1.14 | +27% |
| 2022 | $1.14 | $1.40 | +23% |
| 2023 | $1.40 | $2.23 | +59% |
| 2024 | $2.23 | $2.67 | +20% |
| 2025 | $2.67 | $3.29 | +23% |
| 2026 YTD | $3.29 | $2.11 | -36% |
RAVE has the edge over NKE on returns for 2026, with the stronger performance.