NKE
NIKE, Inc.
NKE has the edge over WW overall, supported by stronger valuation and lower modeled downside.
WW
WW International, Inc.
WW offers stronger modeled upside, 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.
WW Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Under pressure | |
| Under pressure |
WW's revenue, profitability, cash flow and balance sheet are all currently 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.
WW PE Valuation
WW 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.
WW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Improving | |
| Limited | |
| Low |
WW 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 stronger earnings trend. Trailing diluted EPS is up 7.2% for NKE versus WW down 121%.
WW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2025 | -$92.43 | +$342.50 |
| Q1 2025 | -$80.09 | +$321.31 |
| Q4 2024 | -$404.20 | -$255.19 |
| Q3 2024 | -$539.24 | -$450.76 |
| Q2 2024 | -$434.93 | -$23.28 |
| Q1 2024 | -$401.40 | +$77.30 |
| Q4 2023 | -$149.01 | +$184.41 |
| Q3 2023 | -$88.48 | +$161.12 |
WW lost $92.43 per share over the past year, a smaller loss than 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 has the edge over WW on sales, with more consistent year-over-year improvement.
| 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.
WW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $152.9M | -11% |
| Q2 2026 | $162.3M | -8.3% |
| Q1 2026 | $168.3M | -9.8% |
| Q4 2025 | $162.8M | -12% |
| Q3 2025 | $172.1M | -11% |
| Q2 2025 | $177M | -12% |
| Q1 2025 | $186.6M | -9.7% |
| Q4 2024 | $184.4M | -10% |
WW's revenue has slid since its 2020 peak: $153M last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 24% | +19 points |
| Q2 2026 | 5.8% | -18 points |
| Q1 2026 | -18% | -7.3 points |
| Q4 2025 | -8% | -28 points |
| Q3 2025 | 4.7% | +25 points |
| Q2 2025 | 23% | +5.6 points |
| Q1 2025 | -11% | +120 points |
| Q4 2024 | 20% | +23 points |
WW 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 WW at down 160%.
WW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$10.3M | -331% |
| Q3 2025 | $8.4M | -50% |
| Q2 2025 | -$49.5M | -$47.3M |
| Q1 2025 | $15M | +$51.5M |
| Q4 2024 | $4.5M | -40% |
| Q3 2024 | $16.7M | -35% |
| Q2 2024 | -$2.2M | -$1.1M |
| Q1 2024 | -$36.5M | -$8.8M |
WW's free cash flow was −$36M over the past year, against −$18M the year before.
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 WW 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.
WW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9334% | +80.3M shares |
| 1 year | +9370% | +80.3M shares |
| 3 years | +10652% | +80.4M shares |
| 5 years | +10730% | +80.4M shares |
WW has 81M diluted shares, up 9370% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
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 WW on leverage, with a lower net debt burden relative to earnings.
WW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.2x | Elevated |
| Q2 2026 | 4.1x | High |
| Q1 2026 | 3.7x | Elevated |
| Q4 2025 | 3.7x | Elevated |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | 6.2x | High |
| Q1 2025 | 29.0x | High |
| Q4 2023 | 16.5x | High |
WW's net debt is about 3.2 years of its operating earnings (EBITDA), up from 2.6 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).
WW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.9 | Neutral |
| Stochastic | 21.2 | Neutral |
WW's weekly RSI is 43 (neutral) and its Stochastic is 21 (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.
WW PE vs Consumer Cyclical Sector
| Metric | WW | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
WW 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 the edge over WW on trend strength, trading above more of its moving averages.
WW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $13.6 | 9.9% below |
| 20 week MA | $14.8 | 17% below |
| 50 week MA | $17.4 | 29% below |
| 100 week MA | $32.8 | 63% below |
| 200 week MA | $235.8 | 95% below |
WW is in a downtrend: it's below all five of its weekly moving averages, and 95% below its 200-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 the edge over WW on returns for 2026, with the stronger performance.
WW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $3,503.7 | $2,630.1 | -25% |
| 2021 | $2,630.1 | $1,504.1 | -43% |
| 2022 | $1,504.1 | $351.1 | -77% |
| 2023 | $351.1 | $814.9 | +132% |
| 2024 | $814.9 | $119.2 | -85% |
| 2025 | $119.2 | $27.7 | -77% |
| 2026 YTD | $27.7 | $12.3 | -56% |
WW's yearly returns have swung widely, from +132% in 2023 to −85% in 2024. It's down 56% so far in 2026.