NKE
NIKE, Inc.
NKE has slightly lower modeled downside risk, despite its lower overall score.
SE
Sea Limited
SE 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.
SE Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Strong |
SE's revenue, profitability and balance sheet are currently healthy, and its cash flow 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.
SE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 29x | $74.52 | — |
| Cheap | 37x | $95.38 | +28% |
| Fair | 93x | $242 | +224% |
| Expensive | 688x | $1,783 | +2293% |
Historical ranges are pointers, not guarantees.
SE 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.
SE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for SE, but weaker profitability.
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.
SE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $2.59 | +31% |
| Q1 2026 | $2.58 | +82% |
| Q4 2025 | $2.54 | +239% |
| Q3 2025 | $2.30 | +1253% |
| Q2 2025 | $1.97 | +$2.32 |
| Q1 2025 | $1.42 | +2740% |
| Q4 2024 | $0.75 | +213% |
| Q3 2024 | $0.17 | -85% |
SE 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 has the edge over SE on profitability, with a higher operating margin.
SE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $7.8B | +48% |
| Q1 2026 | $7.1B | +47% |
| Q4 2025 | $6.9B | +38% |
| Q3 2025 | $6B | +38% |
| Q2 2025 | $5.3B | +38% |
| Q1 2025 | $4.8B | +30% |
| Q4 2024 | $5B | +37% |
| Q3 2024 | $4.3B | +31% |
SE has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 8% | -1.2 points |
| Q1 2026 | 8% | -1.5 points |
| Q4 2025 | 7.8% | +1.7 points |
| Q3 2025 | 8% | +3.3 points |
| Q2 2025 | 9.3% | +7.1 points |
| Q1 2025 | 9.4% | +7.5 points |
| Q4 2024 | 6.2% | +7.7 points |
| Q3 2024 | 4.7% | +8.5 points |
SE's operating margin was 8% last quarter, down 1.2 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.
SE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $1.1B | -18% |
| Q1 2026 | $918.9M | +21% |
| Q4 2025 | $0 | -100% |
| Q3 2025 | $1B | +0.8% |
| Q2 2025 | $1.4B | +153% |
| Q1 2025 | $756.9M | +72% |
| Q4 2024 | $931.8M | +252% |
| Q3 2024 | $1B | +86% |
SE 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 SE 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.
SE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.9% | +18.3M shares |
| 1 year | +11% | +62.4M shares |
| 3 years | +9.3% | +55.7M shares |
| 5 years | +25% | +131M shares |
| Available history | +41% | +191M shares |
SE has 654M diluted shares, up 11% from a year ago, despite $578M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $414M |
| Q1 2026 | $164M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
SE spent $578M buying back its own shares over the past year, after none 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's net debt is less than a year of its operating earnings (EBITDA).
SE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | -1.0x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 1.0x | Healthy |
| Q1 2025 | 1.2x | Healthy |
| Q4 2024 | 1.4x | Healthy |
| Q3 2024 | 2.2x | Moderate |
SE's net debt is less than a year of its operating earnings (EBITDA), down from a year 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).
SE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.3 | Neutral |
| Stochastic | 5.6 | Oversold |
SE's weekly RSI is 32 (neutral) and its Stochastic is 6 (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 has the edge over SE on valuation relative to its sector.
SE PE vs Consumer Cyclical Sector
| Metric | SE | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 18x | 60% above |
| PE % | 1 | 47 | 46 pts below |
SE is trading at 29x earnings, a 60% 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 the edge over SE on trend strength, trading above more of its moving averages.
SE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $85.4 | 13% below |
| 20 week MA | $100.0 | 25% below |
| 50 week MA | $100.9 | 26% below |
| 100 week MA | $123.8 | 40% below |
| 200 week MA | $94.2 | 21% below |
SE is in a downtrend: it's below all five of its weekly moving averages, and 21% 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 the edge over SE on returns for 2026, with the stronger performance.
SE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.3 | $193.2 | +392% |
| 2021 | $193.2 | $222.1 | +15% |
| 2022 | $222.1 | $49.9 | -78% |
| 2023 | $49.9 | $40.5 | -19% |
| 2024 | $40.5 | $108.7 | +168% |
| 2025 | $108.7 | $127.9 | +18% |
| 2026 YTD | $127.9 | $74.5 | -42% |
SE's yearly returns have swung widely, from +392% in 2020 to −78% in 2022. It's down 42% so far in 2026.