NKE
NIKE, Inc.
NKE has slightly lower modeled downside risk, despite its lower overall score.
VIK
Viking Holdings Ltd
VIK has the edge over NKE overall, supported by stronger fundamentals.
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.
VIK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Unavailable | |
| Healthy |
VIK's revenue, profitability and balance sheet are currently healthy. There isn't enough data to rate its cash flow.
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.
VIK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 22x | $88.88 | — |
| Current | 29x | $88.88 | — |
| Cheap | 31x | $92.52 | +4.1% |
| Fair | 34x | $102 | +15% |
| Expensive | 46x | $139 | +56% |
Historical ranges are pointers, not guarantees.
VIK has the edge over NKE in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
VIK Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
VIK 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.
VIK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.00 | +33% |
| Q2 2026 | $3.02 | +63% |
| Q1 2026 | $2.69 | +119% |
| Q4 2025 | $2.57 | +$3.33 |
| Q3 2025 | $2.14 | +$4.52 |
| Q2 2025 | $1.85 | +$7.96 |
| Q1 2025 | $1.23 | +$7.27 |
| Q4 2024 | -$0.76 | +$3.55 |
| Q3 2024 | -$2.38 | +$0.10 |
VIK 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's operating margin was 8.2% last quarter, about level with the same quarter a year ago.
VIK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.2B | +16% |
| Q1 2026 | $1.1B | +17% |
| Q4 2025 | $1.7B | +28% |
| Q3 2025 | $2B | +19% |
| Q2 2025 | $1.9B | +18% |
| Q1 2025 | $897.1M | +25% |
| Q4 2024 | $1.3B | +21% |
| Q3 2024 | $1.7B | +11% |
VIK has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 29% | +0.4 points |
| Q1 2026 | 1.1% | +2.2 points |
| Q4 2025 | 21% | +3.8 points |
| Q3 2025 | 30% | +1.1 points |
| Q2 2025 | 29% | +2.1 points |
| Q1 2025 | -1% | +8.8 points |
| Q4 2024 | 17% | +3 points |
| Q3 2024 | 29% | +1.8 points |
VIK 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 has the stronger cash trend. Its trailing FCF is down 52% versus its history, compared with VIK at down 68%.
VIK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2024 | -$179.9M | -2765% |
| Q3 2024 | $714.5M | +81% |
| Q2 2024 | $262.9M | +196% |
| Q1 2024 | $367M | +269% |
| Q4 2023 | $6.8M | +$150.2M |
VIK usually generates cash, though not every quarter: the latest was −$397M, but it generated $289M over the past year.
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 VIK 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.
VIK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +2.2M shares |
| 1 year | +0.6% | +2.5M shares |
| 3 years | +3.9% | +16.6M shares |
VIK has 448M diluted shares, up 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 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 has the edge over VIK on leverage, with a lower net debt burden relative to earnings.
VIK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.0x | Very low |
| Q4 2025 | 1.0x | Very low |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | 4.0x | Elevated |
| Q3 2024 | 21.7x | High |
VIK's net debt is about 1.1 years of its operating earnings (EBITDA), after holding more cash than debt 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).
VIK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.5 | Neutral |
| Stochastic | 33.7 | Neutral |
VIK's weekly RSI is 54 (neutral) and its Stochastic is 34 (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 has the edge over VIK on valuation relative to its sector.
VIK PE vs Consumer Cyclical Sector
| Metric | VIK | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 18x | 63% above |
| PE % | 10 | 24 | 14 pts below |
VIK is trading at 29x earnings, a 63% premium to the Consumer Cyclical sector's median of 18x.
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 |
VIK has stronger trend alignment. NKE is above 1 of 5 weekly averages versus VIK above 3 of 4.
VIK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $84.0 | 5.8% above |
| 20 week MA | $90.7 | 2% below |
| 50 week MA | $83.2 | 6.8% above |
| 100 week MA | $67.5 | 32% above |
VIK's trend is mixed: it's above three of its four weekly moving averages, and 32% above its 100-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.
VIK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $29.0 | $44.4 | +53% |
| 2025 | $44.4 | $73.3 | +65% |
| 2026 YTD | $73.3 | $88.9 | +21% |
VIK has the edge over NKE on returns for 2026, with the stronger performance.