NKE
NIKE, Inc.
NKE has the edge over SHOE overall, supported by stronger valuation and lower modeled downside.
SHOE
Shoe Station Group Inc.
SHOE's outlook is improving despite an expensive valuation.
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.
SHOE Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Strong |
SHOE's cash flow and balance sheet are currently healthy, and its revenue and profitability are 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 SHOE in the historical PE scenario, which offers more potential upside but is not a forecast.
SHOE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.3x | $5.57 | -61% |
| Fair | 9.2x | $8.12 | -43% |
| Forward | 10x | $14.20 | — |
| Expensive | 15x | $13.27 | -6.5% |
| Current | 16x | $14.20 | — |
Historical ranges are pointers, not guarantees.
SHOE's PE is in its expensive range at 16x. If earnings grow as analysts expect, today's price would be 10x next year's earnings, in its fair range.
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.
SHOE Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
SHOE 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.
SHOE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.39 | +58% |
| Q3 2026 | $0.88 | -61% |
| Q2 2026 | $1.35 | -44% |
| Q1 2026 | $1.90 | -29% |
| Q4 2025 | $2.10 | -23% |
| Q3 2025 | $2.27 | -20% |
| Q2 2025 | $2.39 | -12% |
| Q1 2025 | $2.68 | 0% |
| Q4 2024 | $2.72 | -6.2% |
SHOE's earnings per share have fallen from their peak: $0.88 over the past year, against $5.42 in early 2022.
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 SHOE on sales, with more consistent year-over-year improvement.
| 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 SHOE on profitability, with a higher operating margin.
SHOE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $284.3M | -7.2% |
| Q2 2026 | $270.7M | -2.5% |
| Q1 2026 | $254.1M | -3.4% |
| Q4 2025 | $297.2M | -3.2% |
| Q3 2025 | $306.4M | -7.9% |
| Q2 2025 | $277.7M | -7.5% |
| Q1 2025 | $262.9M | -6.1% |
| Q4 2024 | $306.9M | -4.1% |
SHOE's revenue has slid since its 2021 peak: $284M last quarter, down 7.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.7% | -5.6 points |
| Q2 2026 | -2.2% | -6.5 points |
| Q1 2026 | 4.3% | -1 points |
| Q4 2025 | 6.3% | -1.7 points |
| Q3 2025 | 8.2% | -0.8 points |
| Q2 2025 | 4.3% | -3.2 points |
| Q1 2025 | 5.3% | -1.8 points |
| Q4 2024 | 8% | -0.7 points |
SHOE's operating margin was 2.7% last quarter, down 5.6 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.
SHOE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $6.5M | +197% |
| Q2 2026 | $12.6M | +$35.6M |
| Q1 2026 | $27.7M | -24% |
| Q4 2025 | $19.7M | +138% |
| Q3 2025 | $2.2M | -88% |
| Q2 2025 | -$23M | -435% |
| Q1 2025 | $36.2M | -11% |
| Q4 2024 | $8.3M | -76% |
SHOE 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.
SHOE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -72K shares |
| 1 year | -0.5% | -140K shares |
| 3 years | -0.3% | -95K shares |
| 5 years | -4.7% | -1.3M shares |
| Available history | -6.2% | -1.8M shares |
SHOE has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $7M |
| Q1 2025 | — |
| Q1 2024 | — |
| Q4 2023 | $5.4M |
| 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).
SHOE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.8x | Net Cash |
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -1.2x | Net Cash |
| Q4 2025 | -0.9x | Net Cash |
| Q3 2025 | -0.7x | Net Cash |
| Q2 2025 | -0.7x | Net Cash |
| Q1 2025 | -0.9x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
SHOE 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).
SHOE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.4 | Neutral |
| Stochastic | 71.0 | Neutral |
SHOE's weekly RSI is 45 (neutral) and its Stochastic is 71 (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 is trading at 18x earnings, in line with the Consumer Cyclical sector's median of 18x.
SHOE PE vs Consumer Cyclical Sector
| Metric | SHOE | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 18x | 10% below |
| PE % | 85 | 47 | 38 pts above |
SHOE 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 bounced recently, but its long-term trend is still down: it's above its 8-week average, but 52% below its 200-week average.
SHOE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.7 | 3.6% above |
| 20 week MA | $14.2 | 0.1% below |
| 50 week MA | $16.6 | 14% below |
| 100 week MA | $19.2 | 26% below |
| 200 week MA | $24.7 | 42% below |
SHOE has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 42% 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.
SHOE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.4 | $19.4 | +5.3% |
| 2021 | $19.4 | $39.3 | +102% |
| 2022 | $39.3 | $24.5 | -38% |
| 2023 | $24.5 | $30.2 | +23% |
| 2024 | $30.2 | $35.7 | +18% |
| 2025 | $35.7 | $18.1 | -49% |
| 2026 YTD | $18.1 | $14.2 | -21% |
SHOE has the edge over NKE on returns for 2026, with the stronger performance.