NKE
NIKE, Inc.
NKE has the edge over VAC overall, supported by stronger valuation and stronger fundamentals.
VAC
Marriott Vacations Worldwide Corporation
VAC's outlook is improving, though it still trails on the overall score.
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.
VAC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Healthy | |
| Weak |
VAC's cash flow is currently healthy, and its revenue is stable, but its profitability and balance sheet are 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'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.
VAC PE Valuation
VAC has no meaningful PE right now: it lost money over the past year.
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.
VAC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
VAC 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 has the edge over VAC on earnings quality, reporting a profit while its opponent remains loss making.
VAC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.67 | — |
| Q3 2026 | -$7.00 | -257% |
| Q2 2026 | -$9.31 | -240% |
| Q1 2026 | -$9.66 | -265% |
| Q4 2025 | -$8.84 | -258% |
| Q3 2025 | $4.45 | -16% |
| Q2 2025 | $6.64 | +56% |
| Q1 2025 | $5.85 | +7.5% |
| Q4 2024 | $5.61 | -11% |
VAC has swung to a loss: it lost $7.00 per share over the past year, after a profit the year before.
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's operating margin was 8.2% last quarter, about level with the same quarter a year ago.
VAC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +8.2% |
| Q2 2026 | $1.3B | +5.9% |
| Q1 2026 | $1.3B | +4.8% |
| Q4 2025 | $1.3B | -0.3% |
| Q3 2025 | $1.3B | -3.2% |
| Q2 2025 | $1.2B | +9.3% |
| Q1 2025 | $1.2B | +0.4% |
| Q4 2024 | $1.3B | +11% |
VAC has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | +8.6 points |
| Q2 2026 | 12% | +3.2 points |
| Q1 2026 | 7% | -3.8 points |
| Q4 2025 | -34% | -42 points |
| Q3 2025 | 2.6% | -8.7 points |
| Q2 2025 | 9% | 0 points |
| Q1 2025 | 11% | -0.7 points |
| Q4 2024 | 7.8% | -0.8 points |
VAC has the edge over NKE on profitability, with a higher operating margin.
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.
VAC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $116M | +127% |
| Q2 2026 | $66M | +$134M |
| Q1 2026 | -$12M | -$6M |
| Q4 2025 | -$6M | -107% |
| Q3 2025 | $51M | -12% |
| Q2 2025 | -$68M | -500% |
| Q1 2025 | -$6M | +$7M |
| Q4 2024 | $86M | +51% |
VAC 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 VAC 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.
VAC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1% | +400K shares |
| 1 year | +11% | +3.7M shares |
| 3 years | -11% | -4.7M shares |
| 5 years | -12% | -5.1M shares |
| Available history | -13% | -5.9M shares |
VAC has 39M diluted shares, up 11% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $25M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $36M |
| Q4 2024 | $11M |
VAC spent $25M buying back its own shares over the past year, down 47% 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 VAC on leverage, with a lower net debt burden relative to earnings.
VAC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 25.8x | High |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 3.1x | Elevated |
| Q1 2025 | 3.1x | Elevated |
| Q4 2024 | 3.1x | Elevated |
| Q3 2024 | 3.2x | Elevated |
| Q2 2024 | 3.2x | Elevated |
| Q1 2024 | 2.9x | Moderate |
VAC's net debt is more than 20 years of its operating earnings (EBITDA), up from 3.0 years 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).
VAC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.3 | Neutral |
| Stochastic | 53.9 | Neutral |
VAC's weekly RSI is 63 (neutral) and its Stochastic is 54 (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.
VAC PE vs Consumer Cyclical Sector
| Metric | VAC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
VAC has no meaningful PE right now: it lost money over the past year.
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.
VAC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $109.2 | 5.3% above |
| 20 week MA | $107.2 | 7.3% above |
| 50 week MA | $84.4 | 36% above |
| 100 week MA | $77.9 | 48% above |
| 200 week MA | $90.2 | 28% above |
VAC 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.
VAC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $130.6 | $134.1 | +2.7% |
| 2021 | $134.1 | $166.5 | +24% |
| 2022 | $166.5 | $134.1 | -19% |
| 2023 | $134.1 | $84.9 | -37% |
| 2024 | $84.9 | $90.6 | +6.8% |
| 2025 | $90.6 | $58.6 | -35% |
| 2026 YTD | $58.6 | $115.0 | +96% |
VAC has the edge over NKE on returns for 2026, with the stronger performance.