NKE
NIKE, Inc.
NKE has lower modeled downside risk, despite its lower overall score.
WING
Wingstop Inc.
WING has the edge over NKE overall, supported by stronger valuation and stronger modeled upside.
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.
WING Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Weak |
WING's profitability and cash flow are currently healthy, and its revenue is 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 WING in the historical PE scenario, which offers more potential upside but is not a forecast.
WING PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 35x | $159 | — |
| Current | 37x | $159 | — |
| Cheap | 45x | $192 | +20% |
| Fair | 104x | $445 | +180% |
| Expensive | 156x | $670 | +321% |
Historical ranges are pointers, not guarantees.
WING's PE is in its cheap range at 37x. If earnings grow as analysts expect, today's price would be 35x next year's earnings.
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.
WING Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| Low |
WING 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.
WING Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.59 | +7.1% |
| Q3 2026 | $4.29 | -30% |
| Q2 2026 | $4.24 | -29% |
| Q1 2026 | $4.05 | -32% |
| Q4 2025 | $6.21 | +68% |
| Q3 2025 | $6.13 | +79% |
| Q2 2025 | $5.99 | +87% |
| Q1 2025 | $5.96 | +112% |
| Q4 2024 | $3.70 | +57% |
WING 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.
WING Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $185.1M | +5.3% |
| Q2 2026 | $185.6M | +6.4% |
| Q1 2026 | $183.7M | +7.4% |
| Q4 2025 | $175.7M | +8.6% |
| Q3 2025 | $175.7M | +8.1% |
| Q2 2025 | $174.3M | +12% |
| Q1 2025 | $171.1M | +17% |
| Q4 2024 | $161.8M | +27% |
WING has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | -0.5 points |
| Q2 2026 | 29% | +3.5 points |
| Q1 2026 | 27% | +5.1 points |
| Q4 2025 | 27% | +0.8 points |
| Q3 2025 | 28% | +3.4 points |
| Q2 2025 | 26% | -0.5 points |
| Q1 2025 | 22% | -6.9 points |
| Q4 2024 | 26% | +2.4 points |
WING 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.
WING Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $49.7M | -19% |
| Q2 2026 | -$11.3M | -$3.5M |
| Q1 2026 | $43.7M | +153% |
| Q4 2025 | $34.5M | +$43.1M |
| Q3 2025 | $61.7M | +12% |
| Q2 2025 | -$7.8M | -130% |
| Q1 2025 | $17.3M | -48% |
| Q4 2024 | -$8.6M | -134% |
WING 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.
WING Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -115K shares |
| 1 year | -3.1% | -854K shares |
| 3 years | -9% | -2.7M shares |
| 5 years | -9.4% | -2.8M shares |
| Available history | -8.7% | -2.6M shares |
WING has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $25.2M |
| Q2 2026 | — |
| Q1 2026 | $78.5M |
| Q4 2025 | $61.1M |
| Q3 2025 | $40M |
| Q2 2025 | — |
| Q1 2025 | $120.8M |
| Q4 2024 | $250.5M |
WING spent $165M buying back its own shares over the past year, down 60% 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 WING on leverage, with a lower net debt burden relative to earnings.
WING Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.8x | High |
| Q2 2026 | 4.8x | High |
| Q1 2026 | 5.0x | High |
| Q4 2025 | 5.0x | High |
| Q3 2025 | 4.9x | High |
| Q2 2025 | 5.2x | High |
| Q1 2025 | 5.2x | High |
| Q4 2024 | 4.8x | High |
WING's net debt is about 4.8 years of its operating earnings (EBITDA), about the same as 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).
WING Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.8 | Neutral |
| Stochastic | 87.0 | Overbought |
WING's weekly RSI is 55 (neutral) and its Stochastic is 87 (overbought).
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 WING on valuation relative to its sector.
WING PE vs Consumer Cyclical Sector
| Metric | WING | Sector median | Relative |
|---|---|---|---|
| PE | 37x | 18x | 106% above |
| PE % | 8 | 47 | 39 pts below |
WING is trading at 37x earnings, a 106% 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.
WING Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $131.5 | 21% above |
| 20 week MA | $129.6 | 23% above |
| 50 week MA | $175.9 | 9.5% below |
| 100 week MA | $228.6 | 30% below |
| 200 week MA | $251.2 | 37% below |
WING 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.
WING Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $86.2 | $140.8 | +63% |
| 2021 | $140.8 | $173.0 | +23% |
| 2022 | $173.0 | $145.7 | -16% |
| 2023 | $145.7 | $256.6 | +76% |
| 2024 | $256.6 | $285.4 | +11% |
| 2025 | $285.4 | $256.2 | -10% |
| 2026 YTD | $256.2 | $159.3 | -38% |
WING has the edge over NKE on returns for 2026, with the stronger performance.