NKE
NIKE, Inc.
NKE has the edge over WGO overall, supported by stronger valuation and lower modeled downside.
WGO
Winnebago Industries, Inc.
WGO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
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.
WGO Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Healthy | |
| Stable |
WGO's profitability and cash flow are currently healthy, and its balance sheet is stable, but its revenue 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 WGO in the historical PE scenario, which offers more potential upside but is not a forecast.
WGO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6x | $7.31 | -76% |
| Fair | 15x | $18.48 | -40% |
| Forward | 16x | $31.04 | — |
| Expensive | 26x | $31.82 | +2.5% |
| Current | 26x | $31.04 | — |
Historical ranges are pointers, not guarantees.
WGO's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 16x 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.
WGO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
WGO 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.
WGO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.98 | +63% |
| Q3 2026 | $1.21 | +33% |
| Q2 2026 | $1.36 | +$1.81 |
| Q1 2026 | $1.47 | +$1.58 |
| Q4 2025 | $1.28 | +$1.80 |
| Q3 2025 | $0.91 | +107% |
| Q2 2025 | -$0.45 | -117% |
| Q1 2025 | -$0.11 | -103% |
| Q4 2024 | -$0.52 | -110% |
WGO 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 has the edge over WGO on sales, with stronger typical year-over-year growth.
| 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 WGO on profitability, with a higher operating margin.
WGO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $645.1M | -17% |
| Q2 2026 | $698.7M | -9.9% |
| Q1 2026 | $657.4M | +6% |
| Q4 2025 | $702.7M | +12% |
| Q3 2025 | $777.3M | +7.8% |
| Q2 2025 | $775.1M | -1.4% |
| Q1 2025 | $620.2M | -12% |
| Q4 2024 | $625.6M | -18% |
WGO's revenue fell from its 2022 peak and has held roughly level since: $645M last quarter, down 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.7% | +0.1 points |
| Q2 2026 | 3.3% | -0.6 points |
| Q1 2026 | 1.8% | +0.5 points |
| Q4 2025 | 2% | +2.1 points |
| Q3 2025 | 2.6% | +5.1 points |
| Q2 2025 | 3.9% | -1.6 points |
| Q1 2025 | 1.3% | -3.8 points |
| Q4 2024 | -0.1% | -5.3 points |
WGO's operating margin was 2.7% last quarter, about level with 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.
WGO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $135.2M | -21% |
| Q2 2026 | $18.7M | +$54.8M |
| Q1 2026 | -$29.1M | -$10.2M |
| Q4 2025 | $19.8M | +$46.5M |
| Q3 2025 | $171.2M | +480% |
| Q2 2025 | -$36.1M | -141% |
| Q1 2025 | -$18.9M | -233% |
| Q4 2024 | -$26.7M | +$6.5M |
WGO 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.
WGO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.4% | +100K shares |
| 3 years | -20% | -7M shares |
| 5 years | -17% | -5.7M shares |
| Available history | -12% | -3.9M shares |
WGO has 28M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $1.7M |
| Q3 2025 | $100,000 |
| Q2 2025 | — |
| Q1 2025 | $20M |
| Q4 2024 | $33.6M |
WGO spent $2M buying back its own shares over the past year, down 97% 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 WGO on leverage, with a lower net debt burden relative to earnings.
WGO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.1x | Moderate |
| Q2 2026 | 3.0x | Moderate |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 6.5x | High |
| Q1 2025 | 5.2x | High |
| Q4 2024 | 3.6x | Elevated |
WGO's net debt is about 2.1 years of its operating earnings (EBITDA), down from 3.1 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).
WGO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.5 | Neutral |
| Stochastic | 72.5 | Neutral |
WGO's weekly RSI is 53 (neutral) and its Stochastic is 72 (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 WGO on valuation relative to its sector.
WGO PE vs Consumer Cyclical Sector
| Metric | WGO | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 18x | 42% above |
| PE % | 82 | 47 | 35 pts above |
WGO is trading at 26x earnings, a 42% 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 |
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.
WGO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $27.8 | 12% above |
| 20 week MA | $29.3 | 5.8% above |
| 50 week MA | $33.8 | 8.2% below |
| 100 week MA | $35.1 | 12% below |
| 200 week MA | $48.6 | 36% below |
WGO 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.
WGO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $53.2 | $65.3 | +23% |
| 2021 | $65.3 | $71.2 | +8.9% |
| 2022 | $71.2 | $53.3 | -25% |
| 2023 | $53.3 | $72.9 | +37% |
| 2024 | $72.9 | $46.9 | -36% |
| 2025 | $46.9 | $41.9 | -11% |
| 2026 YTD | $41.9 | $31.0 | -26% |
WGO has the edge over NKE on returns for 2026, with the stronger performance.