NKE
NIKE, Inc.
NKE offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
YUM
Yum! Brands, Inc.
YUM has the edge over NKE overall, supported by stronger fundamentals and stronger valuation.
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.
YUM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Stable |
YUM's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
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.
YUM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 13x | $159 | — |
| Cheap | 23x | $291 | +83% |
| Forward | 25x | $159 | — |
| Fair | 27x | $332 | +108% |
| Expensive | 30x | $377 | +136% |
Historical ranges are pointers, not guarantees.
YUM has the edge over NKE in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
YUM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Stable | |
| Strongly improving | |
| Moderate | |
| High |
YUM has the edge over NKE on the outlook, with more favorable 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's earnings per share have fallen from their peak: $2.09 over the past year, against $3.82 in late 2021.
YUM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.47 | -48% |
| Q3 2026 | $12.46 | +143% |
| Q2 2026 | $7.95 | +57% |
| Q1 2026 | $6.20 | +24% |
| Q4 2025 | $5.55 | +6.3% |
| Q3 2025 | $5.13 | -4.1% |
| Q2 2025 | $5.07 | -7.1% |
| Q1 2025 | $5.02 | -11% |
| Q4 2024 | $5.22 | -6.6% |
YUM 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.
YUM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.1B | +3.8% |
| Q2 2026 | $2.2B | +12% |
| Q1 2026 | $2.1B | +15% |
| Q4 2025 | $2.5B | +6.5% |
| Q3 2025 | $2B | +8.4% |
| Q2 2025 | $1.9B | +9.6% |
| Q1 2025 | $1.8B | +12% |
| Q4 2024 | $2.4B | +16% |
YUM has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 113% | +79 points |
| Q2 2026 | 30% | -2 points |
| Q1 2026 | 31% | +0.6 points |
| Q4 2025 | 29% | +1.5 points |
| Q3 2025 | 34% | -0.3 points |
| Q2 2025 | 32% | -2.3 points |
| Q1 2025 | 31% | -1.9 points |
| Q4 2024 | 28% | -2.1 points |
YUM 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.
YUM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $388M | -14% |
| Q2 2026 | $407M | +8.5% |
| Q1 2026 | $341M | +2.4% |
| Q4 2025 | $482M | +18% |
| Q3 2025 | $449M | +7.2% |
| Q2 2025 | $375M | +28% |
| Q1 2025 | $333M | +6.1% |
| Q4 2024 | $407M | +19% |
YUM 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.
YUM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -3M shares |
| 1 year | -2.5% | -7M shares |
| 3 years | -4.2% | -12M shares |
| 5 years | -9.3% | -28M shares |
| Available history | -12% | -39M shares |
YUM has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $528M |
| Q2 2026 | $489M |
| Q1 2026 | $185M |
| Q4 2025 | $178M |
| Q3 2025 | $36M |
| Q2 2025 | $109M |
| Q1 2025 | $229M |
| Q4 2024 | $114M |
YUM spent $1.4B buying back its own shares over the past year, up 183% 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 YUM on leverage, with a lower net debt burden relative to earnings.
YUM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 4.9x | High |
| Q1 2026 | 4.5x | High |
| Q4 2025 | 4.0x | High |
| Q3 2025 | 3.9x | Elevated |
| Q2 2025 | 4.4x | High |
| Q1 2025 | 4.1x | High |
| Q4 2024 | 4.2x | High |
YUM's net debt is about 2.5 years of its operating earnings (EBITDA), down from 3.9 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).
YUM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.4 | Neutral |
| Stochastic | 72.4 | Neutral |
YUM's weekly RSI is 57 (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 is trading at 18x earnings, in line with the Consumer Cyclical sector's median of 18x.
YUM PE vs Consumer Cyclical Sector
| Metric | YUM | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 18x | 29% below |
| PE % | 0 | 47 | 47 pts below |
YUM 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.
YUM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $149.5 | 6.6% above |
| 20 week MA | $150.5 | 5.9% above |
| 50 week MA | $153.8 | 3.6% above |
| 100 week MA | $149.6 | 6.5% above |
| 200 week MA | $141.1 | 13% above |
YUM 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.
YUM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.9 | $107.5 | +5.5% |
| 2021 | $107.5 | $135.3 | +26% |
| 2022 | $135.3 | $128.9 | -4.8% |
| 2023 | $128.9 | $130.7 | +1.4% |
| 2024 | $130.7 | $135.2 | +3.5% |
| 2025 | $135.2 | $153.2 | +13% |
| 2026 YTD | $153.2 | $159.3 | +4% |
YUM has the edge over NKE on returns for 2026, with the stronger performance.