NKE
NIKE, Inc.
NKE's fundamentals are mixed, but it looks cheap: trading at 18x earnings, below its usual 33x. Analysts expect earnings to hold roughly steady, though they disagree widely on how much.
SIG
Signet Jewelers Limited
SIG's fundamentals are strong, but it looks expensive: trading at 14x earnings, above its usual 10x. Analysts expect strong earnings growth.
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.
SIG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
SIG'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 SIG in the historical PE scenario, which offers more potential upside but is not a forecast.
SIG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.8x | $58.67 | -50% |
| Forward | 9.2x | $118 | — |
| Fair | 10x | $87.57 | -26% |
| Expensive | 14x | $118 | +0.1% |
| Current | 14x | $118 | — |
Historical ranges are pointers, not guarantees.
SIG's PE is in its expensive range at 14x. If earnings grow as analysts expect, today's price would be 9.2x 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.
SIG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
SIG 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.
SIG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.80 | +48% |
| Q3 2026 | $8.63 | +195% |
| Q2 2026 | $7.08 | +714% |
| Q1 2026 | $7.08 | +$7.89 |
| Q4 2025 | $3.30 | -62% |
| Q3 2025 | $2.93 | -66% |
| Q2 2025 | $0.87 | -93% |
| Q1 2025 | -$0.81 | -105% |
| Q4 2024 | $8.71 | +1.4% |
SIG 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 SIG on profitability, with a higher operating margin.
SIG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | -0.5% |
| Q2 2026 | $1.6B | +0.8% |
| Q1 2026 | $2.3B | -0.3% |
| Q4 2025 | $1.4B | +3.1% |
| Q3 2025 | $1.5B | +3% |
| Q2 2025 | $1.5B | +2% |
| Q1 2025 | $2.4B | -5.8% |
| Q4 2024 | $1.3B | -3.1% |
SIG has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.7% | +5.6 points |
| Q2 2026 | 2.4% | -0.7 points |
| Q1 2026 | 14% | +7.1 points |
| Q4 2025 | 1.7% | +1 points |
| Q3 2025 | 0.2% | +6.9 points |
| Q2 2025 | 3.1% | -0.2 points |
| Q1 2025 | 6.5% | -10 points |
| Q4 2024 | 0.7% | -0.3 points |
SIG's operating margin was 5.7% last quarter, up 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.
SIG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $30.8M | -51% |
| Q2 2026 | -$169.2M | +$42.7M |
| Q1 2026 | $676.4M | -8.9% |
| Q4 2025 | -$1.5M | +$137M |
| Q3 2025 | $62.3M | +294% |
| Q2 2025 | -$211.9M | -$30.4M |
| Q1 2025 | $742.1M | +3.6% |
| Q4 2024 | -$138.5M | -1089% |
SIG 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.
SIG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.7% | -1.1M shares |
| 1 year | -4.4% | -1.8M shares |
| 3 years | -28% | -15M shares |
| 5 years | -24% | -12.7M shares |
| Available history | -24% | -12.5M shares |
SIG has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $87.2M |
| Q2 2026 | $82.7M |
| Q1 2026 | $27M |
| Q4 2025 | $28.5M |
| Q3 2025 | $32.3M |
| Q2 2025 | $117.4M |
| Q1 2025 | $24.2M |
| Q4 2024 | $66.6M |
SIG spent $225M buying back its own shares over the past year, down 6.3% 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's net debt is less than a year of its operating earnings (EBITDA).
SIG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -1.1x | Net Cash |
| Q1 2026 | -1.6x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.8x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -2.3x | Net Cash |
| Q4 2024 | 0.2x | Very low |
SIG 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).
SIG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.3 | Neutral |
| Stochastic | 80.9 | Overbought |
SIG's weekly RSI is 68 (neutral) and its Stochastic is 81 (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.
SIG PE vs Consumer Cyclical Sector
| Metric | SIG | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 18x | 24% below |
| PE % | 83 | 47 | 36 pts above |
SIG 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.
SIG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $112.1 | 5.5% above |
| 20 week MA | $98.9 | 19% above |
| 50 week MA | $92.4 | 28% above |
| 100 week MA | $84.1 | 41% above |
| 200 week MA | $84.5 | 40% above |
SIG 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.
SIG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.0 | $26.2 | +25% |
| 2021 | $26.2 | $83.5 | +219% |
| 2022 | $83.5 | $68.1 | -19% |
| 2023 | $68.1 | $107.3 | +58% |
| 2024 | $107.3 | $82.0 | -24% |
| 2025 | $82.0 | $85.2 | +4% |
| 2026 YTD | $85.2 | $118.2 | +39% |
SIG has the edge over NKE on returns for 2026, with the stronger performance.