NKE
NIKE, Inc.
NKE offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
TSCO
Tractor Supply Company
TSCO has the edge over NKE overall, supported by stronger 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.
TSCO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Healthy |
TSCO's profitability and balance sheet are currently healthy, and its revenue is stable, but its cash flow is under pressure.
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 TSCO in the historical PE scenario, which offers more potential upside but is not a forecast.
TSCO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 11x | $36.63 | — |
| Forward | 18x | $36.63 | — |
| Cheap | 20x | $70.96 | +94% |
| Fair | 24x | $85.13 | +132% |
| Expensive | 27x | $94.49 | +158% |
Historical ranges are pointers, not guarantees.
TSCO's PE is in its cheap range at 11x. On analysts' estimates for next year's earnings, today's price would be 18x.
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.
TSCO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect TSCO's earnings, revenue and profitability to hold roughly steady.
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.
TSCO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.02 | -42% |
| Q3 2026 | $3.49 | +68% |
| Q2 2026 | $3.55 | +74% |
| Q1 2026 | $3.67 | +83% |
| Q4 2025 | $3.70 | +81% |
| Q3 2025 | $2.08 | +1% |
| Q2 2025 | $2.04 | -1.4% |
| Q1 2025 | $2.01 | -2% |
| Q4 2024 | $2.04 | +1% |
TSCO 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 TSCO on profitability, with a higher operating margin.
TSCO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.9B | +5.1% |
| Q2 2026 | $4.5B | +2.3% |
| Q1 2026 | $3.6B | +3.6% |
| Q4 2025 | $3.9B | +3.3% |
| Q3 2025 | $3.7B | +7.2% |
| Q2 2025 | $4.4B | +4.5% |
| Q1 2025 | $3.5B | +2.1% |
| Q4 2024 | $3.8B | +3.1% |
TSCO has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.9% | -1.3 points |
| Q2 2026 | 10% | -2.7 points |
| Q1 2026 | 6.5% | -0.7 points |
| Q4 2025 | 7.6% | -0.8 points |
| Q3 2025 | 9.2% | -0.1 points |
| Q2 2025 | 13% | -0.2 points |
| Q1 2025 | 7.2% | -0.6 points |
| Q4 2024 | 8.4% | -0.7 points |
TSCO's operating margin was 7.9% last quarter, down 1.3 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 usually generates cash, though not every quarter: the latest was −$64M, but it generated $2.1B over the past year.
TSCO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $13.6M | -55% |
| Q2 2026 | $328.9M | -43% |
| Q1 2026 | -$111.5M | -248% |
| Q4 2025 | $59.3M | -78% |
| Q3 2025 | $30.3M | +$132.2M |
| Q2 2025 | $575.4M | +57% |
| Q1 2025 | $75.5M | -25% |
| Q4 2024 | $271.2M | +61% |
TSCO 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.
TSCO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -3.1M shares |
| 1 year | -2% | -10.6M shares |
| 3 years | -4.6% | -25.2M shares |
| 5 years | -9.5% | -54.5M shares |
| Available history | -14% | -82.2M shares |
TSCO has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $89.1M |
| Q2 2026 | $135.6M |
| Q1 2026 | $118M |
| Q4 2025 | $117.3M |
| Q3 2025 | $74M |
| Q2 2025 | $72.8M |
| Q1 2025 | $95.1M |
| Q4 2024 | $154M |
TSCO spent $460M buying back its own shares over the past year, up 16% 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 has the edge over TSCO on leverage, with a lower net debt burden relative to earnings.
TSCO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.1x | Healthy |
| Q2 2026 | 1.0x | Healthy |
| Q1 2026 | 1.0x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 1.0x | Very low |
| Q4 2024 | 0.8x | Very low |
TSCO's net debt is about 1.1 years of its operating earnings (EBITDA), up from less than 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).
TSCO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.6 | Neutral |
| Stochastic | 76.3 | Neutral |
TSCO's weekly RSI is 55 (neutral) and its Stochastic is 76 (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.
TSCO PE vs Consumer Cyclical Sector
| Metric | TSCO | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 18x | 42% below |
| PE % | 8 | 47 | 39 pts below |
TSCO 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.
TSCO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $33.8 | 8.3% above |
| 20 week MA | $33.3 | 10% above |
| 50 week MA | $39.8 | 7.9% below |
| 100 week MA | $47.3 | 23% below |
| 200 week MA | $47.9 | 23% below |
TSCO 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.
TSCO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.5 | $29.4 | +59% |
| 2021 | $29.4 | $45.7 | +55% |
| 2022 | $45.7 | $43.4 | -4.9% |
| 2023 | $43.4 | $43.0 | -0.9% |
| 2024 | $43.0 | $54.6 | +27% |
| 2025 | $54.6 | $51.4 | -5.8% |
| 2026 YTD | $51.4 | $36.6 | -29% |
TSCO has the edge over NKE on returns for 2026, with the stronger performance.