NKE
NIKE, Inc.
NKE's fundamentals are mixed, but it looks cheap: trading at 18x earnings, below its usual 33x. Analysts expect earnings to hold roughly steady, though they disagree widely on how much.
XMAX
XMAX, Inc.
There isn't enough reported data to score XMAX yet.
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.
XMAX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Unavailable | |
| Strong |
XMAX's revenue and balance sheet are currently healthy, and its profitability is stable. 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 has the edge over XMAX in the historical PE scenario, which offers more potential upside but is not a forecast.
XMAX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 16x | $6.56 | — |
| Cheap | 17x | $6.78 | +3.4% |
| Fair | 21x | $8.62 | +31% |
| Expensive | 21x | $8.73 | +33% |
Historical ranges are pointers, not guarantees.
XMAX's PE is 16x, but its earnings don't support one, so it isn't a reliable read right now.
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.
XMAX Forward outlook
There aren't enough analyst estimates for XMAX 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.
XMAX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.41 | +$1.49 |
| Q1 2026 | -$0.14 | +$1.14 |
| Q4 2025 | -$0.17 | +$1.73 |
| Q3 2025 | -$0.42 | +$4.08 |
| Q2 2025 | -$1.08 | +$3.53 |
| Q1 2025 | -$1.28 | +$3.48 |
| Q4 2024 | -$1.90 | +$3.06 |
| Q3 2024 | -$4.50 | +$3.90 |
XMAX 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 has the edge over XMAX on profitability, with a higher operating margin.
XMAX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.7M | +7.1% |
| Q1 2026 | $1.8M | -32% |
| Q4 2025 | $1.8M | -12% |
| Q3 2025 | $9.8M | +273% |
| Q2 2025 | $2.6M | -4.9% |
| Q1 2025 | $2.6M | +11% |
| Q4 2024 | $2M | -12% |
| Q3 2024 | $2.6M | +5.6% |
XMAX has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -44% | -37 points |
| Q1 2026 | -30% | -23 points |
| Q4 2025 | -59% | -11 points |
| Q3 2025 | -5% | +87 points |
| Q2 2025 | -7.7% | +11 points |
| Q1 2025 | -7.3% | +55 points |
| Q4 2024 | -48% | +119 points |
| Q3 2024 | -92% | -50 points |
XMAX's operating margin was −44% last quarter, down 37 points from 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% |
XMAX has the stronger cash trend. Its trailing FCF is up 57% versus its history, compared with NKE at down 52%.
XMAX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q1 2026 | -$641.7K | -$319.1K |
| Q3 2025 | -$1.9M | -$1.5M |
| Q2 2025 | $92.5K | +$561.2K |
| Q1 2025 | -$322.6K | -$100.9K |
| Q4 2024 | -$263.4K | +$2.8M |
| Q1 2024 | -$221.7K | +$510.7K |
| Q4 2023 | -$3.1M | -$1.2M |
| Q1 2023 | -$732.4K | +$124.2K |
XMAX has burned cash in almost every quarter: −$3M over the past year, against −$1M 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 XMAX 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.
XMAX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +36% | +16.2M shares |
| 1 year | +524% | +51.2M shares |
| 3 years | +4302% | +59.6M shares |
| 5 years | +5213% | +59.9M shares |
| Available history | +5210% | +59.9M shares |
XMAX has 61M diluted shares, up 524% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q3 2020 | — |
| Q3 2019 | $405,421 |
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's net debt is less than a year of its operating earnings (EBITDA).
XMAX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2019 | -1.0x | Net Cash |
| Q2 2019 | -4.5x | Net Cash |
XMAX has more cash than debt.
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).
XMAX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.5 | Neutral |
| Stochastic | 30.6 | Neutral |
XMAX's weekly RSI is 41 (neutral) and its Stochastic is 31 (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.
XMAX PE vs Consumer Cyclical Sector
| Metric | XMAX | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 18x | 11% below |
XMAX 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 |
XMAX has stronger trend alignment. NKE is above 1 of 5 weekly averages versus XMAX above 1 of 4.
XMAX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.64 | 14% below |
| 20 week MA | $8.29 | 21% below |
| 50 week MA | $7.48 | 12% below |
| 100 week MA | $4.85 | 35% above |
XMAX has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 35% 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.
XMAX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $3.77 | $3.77 | 0% |
| 2024 | $3.77 | $0.53 | -86% |
| 2025 | $0.53 | $6.00 | +1032% |
| 2026 YTD | $6.00 | $6.56 | +9.3% |
XMAX has the edge over NKE on returns for 2026, with the stronger performance.