NKE
NIKE, Inc.
NKE has the edge over WEN overall, supported by stronger modeled upside and lower modeled downside.
WEN
The Wendy's Company
WEN trails on the overall score without a compensating advantage in the available component scores.
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.
WEN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Weak |
WEN's cash flow is currently healthy, and its revenue and profitability are stable, but its balance sheet is weak.
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 WEN in the historical PE scenario, which offers more potential upside but is not a forecast.
WEN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $5.76 | -30% |
| Current | 16x | $8.18 | — |
| Fair | 23x | $11.48 | +40% |
| Expensive | 39x | $19.70 | +141% |
Historical ranges are pointers, not guarantees.
WEN's PE is in its cheap range at 16x.
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.
WEN Forward outlook
There aren't enough analyst estimates for WEN to show an outlook.
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.
WEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.51 | -46% |
| Q2 2026 | $0.66 | -31% |
| Q1 2026 | $0.78 | -17% |
| Q4 2025 | $0.85 | -11% |
| Q3 2025 | $0.94 | 0% |
| Q2 2025 | $0.96 | -1% |
| Q1 2025 | $0.94 | -4.1% |
| Q4 2024 | $0.95 | -2.1% |
WEN's earnings per share have fallen from their peak: $0.51 over the past year, against $0.98 in early 2024.
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.
WEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $547M | -0.5% |
| Q2 2026 | $570.6M | +1.7% |
| Q1 2026 | $540.6M | +3.3% |
| Q4 2025 | $543M | -5.5% |
| Q3 2025 | $549.5M | -3% |
| Q2 2025 | $560.9M | -1.7% |
| Q1 2025 | $523.5M | -2.1% |
| Q4 2024 | $574.3M | +6.2% |
WEN has the edge over NKE on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | -6.6 points |
| Q2 2026 | 14% | -4.7 points |
| Q1 2026 | 12% | -3.9 points |
| Q4 2025 | 12% | -4.9 points |
| Q3 2025 | 17% | 0 points |
| Q2 2025 | 19% | +1.1 points |
| Q1 2025 | 16% | +0.7 points |
| Q4 2024 | 17% | +0.7 points |
WEN 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.
WEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $61.7M | -41% |
| Q2 2026 | $81M | +107% |
| Q1 2026 | $47.5M | -30% |
| Q4 2025 | $31.4M | +18% |
| Q3 2025 | $104.3M | -15% |
| Q2 2025 | $39.2M | +38% |
| Q1 2025 | $67.7M | -18% |
| Q4 2024 | $26.6M | -43% |
WEN 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.
WEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +589K shares |
| 1 year | +0.3% | +548K shares |
| 3 years | -8.9% | -18.8M shares |
| 5 years | -15% | -33.3M shares |
| Available history | -18% | -43.3M shares |
WEN has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $1.9M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $14.3M |
| Q2 2025 | $63.7M |
| Q1 2025 | $122.8M |
| Q4 2024 | $17.3M |
WEN spent $2M buying back its own shares over the past year, down 99% 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 WEN on leverage, with a lower net debt burden relative to earnings.
WEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.6x | High |
| Q2 2026 | 5.3x | High |
| Q1 2026 | 5.1x | High |
| Q4 2025 | 5.0x | High |
| Q3 2025 | 4.7x | High |
| Q2 2025 | 4.7x | High |
| Q1 2025 | 4.6x | High |
| Q4 2024 | 4.5x | High |
WEN's net debt is about 5.6 years of its operating earnings (EBITDA), up from 4.7 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).
WEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.9 | Neutral |
| Stochastic | 59.6 | Neutral |
WEN's weekly RSI is 56 (neutral) and its Stochastic is 60 (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.
WEN PE vs Consumer Cyclical Sector
| Metric | WEN | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 18x | 11% below |
| PE % | 25 | 47 | 22 pts below |
WEN 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.
WEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.92 | 18% above |
| 20 week MA | $7.48 | 9.4% above |
| 50 week MA | $7.56 | 8.2% above |
| 100 week MA | $9.77 | 16% below |
| 200 week MA | $14.7 | 44% below |
WEN 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.
WEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $22.2 | $22.5 | +1.3% |
| 2021 | $22.5 | $23.3 | +3.9% |
| 2022 | $23.3 | $23.1 | -0.9% |
| 2023 | $23.1 | $19.5 | -16% |
| 2024 | $19.5 | $16.5 | -15% |
| 2025 | $16.5 | $8.35 | -49% |
| 2026 YTD | $8.35 | $8.18 | -2% |
WEN has the edge over NKE on returns for 2026, with the stronger performance.