NKE
NIKE, Inc.
NKE has the edge over SG overall, supported by stronger valuation and lower modeled downside.
SG
Sweetgreen, Inc.
SG 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.
SG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Unavailable |
SG's revenue is currently stable, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
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 SG in the historical PE scenario, which offers more potential upside but is not a forecast.
SG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 60x | $9.04 | -27% |
| Fair | 73x | $10.88 | -12% |
| Current | 83x | $12.38 | — |
| Expensive | 86x | $12.94 | +4.5% |
Historical ranges are pointers, not guarantees.
SG's PE is 83x, but its earnings don't support one, so it isn't a reliable read right now.
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.
SG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
SG has the edge over NKE on the outlook, with more favorable earnings and revenue 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.
SG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.15 | +$1.12 |
| Q2 2026 | $0.10 | +$0.94 |
| Q1 2026 | $0.12 | +$0.89 |
| Q4 2025 | -$1.14 | -$0.35 |
| Q3 2025 | -$0.97 | -$0.18 |
| Q2 2025 | -$0.84 | -$0.01 |
| Q1 2025 | -$0.77 | +$0.17 |
| Q4 2024 | -$0.79 | +$0.22 |
SG 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 SG on profitability, with a higher operating margin.
SG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $176M | +2.1% |
| Q2 2026 | $192.7M | +3.8% |
| Q1 2026 | $161.5M | -2.9% |
| Q4 2025 | $155.2M | -3.5% |
| Q3 2025 | $172.4M | -0.6% |
| Q2 2025 | $185.6M | +0.5% |
| Q1 2025 | $166.3M | +5.4% |
| Q4 2024 | $160.9M | +5.1% |
SG has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -18% | +3 points |
| Q2 2026 | -14% | 0 points |
| Q1 2026 | -21% | -4.1 points |
| Q4 2025 | -31% | -11 points |
| Q3 2025 | -21% | -8.8 points |
| Q2 2025 | -14% | -5.5 points |
| Q1 2025 | -17% | -0.1 points |
| Q4 2024 | -20% | -0.4 points |
SG's operating margin was −18% last quarter, up 3 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 has the edge over SG on cash generation, producing positive trailing cash flow while its opponent burns cash.
SG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$22.1M | +$15.1M |
| Q2 2026 | -$10.6M | +$2.6M |
| Q1 2026 | -$29.6M | +$302K |
| Q4 2025 | -$39M | -$18.4M |
| Q3 2025 | -$37.2M | -$26.9M |
| Q2 2025 | -$13.1M | -$13M |
| Q1 2025 | -$29.9M | -$19.9M |
| Q4 2024 | -$20.6M | -$14.7M |
SG has burned cash in almost every quarter: −$101M over the past year, against −$101M 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 the edge over SG 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.
SG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +212K shares |
| 1 year | +0.7% | +828K shares |
| 3 years | +6.2% | +6.9M shares |
| 5 years | +10% | +10.9M shares |
| Available history | +10% | +10.9M shares |
SG has 119M diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| 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).
SG Net Leverage
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).
SG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 72.3 | Overbought |
| Stochastic | 88.8 | Overbought |
SG's weekly RSI is 72 (overbought) and its Stochastic is 89 (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 has the edge over SG on valuation relative to its sector.
SG PE vs Consumer Cyclical Sector
| Metric | SG | Sector median | Relative |
|---|---|---|---|
| PE | 83x | 18x | 358% above |
| PE % | 78 | 56 | 22 pts above |
SG is trading at 83x earnings, a 358% 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.
SG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.3 | 20% above |
| 20 week MA | $8.29 | 49% above |
| 50 week MA | $7.50 | 65% above |
| 100 week MA | $12.2 | 1.7% above |
| 200 week MA | $15.7 | 21% below |
SG 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.
SG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $53.0 | $31.4 | -41% |
| 2022 | $31.4 | $8.83 | -72% |
| 2023 | $8.83 | $11.3 | +28% |
| 2024 | $11.3 | $32.4 | +186% |
| 2025 | $32.4 | $6.97 | -78% |
| 2026 YTD | $6.97 | $12.4 | +78% |
SG has the edge over NKE on returns for 2026, with the stronger performance.