NKE
NIKE, Inc.
NKE offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
YUMC
Yum China Holdings, Inc.
YUMC has the edge over NKE overall, supported by stronger modeled upside and stronger fundamentals.
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.
YUMC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Healthy |
YUMC's revenue, profitability and balance sheet are currently healthy, and its cash flow is 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 has the edge over YUMC in the historical PE scenario, which offers more potential upside but is not a forecast.
YUMC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $49.21 | — |
| Current | 17x | $49.21 | — |
| Cheap | 18x | $52.36 | +6.4% |
| Fair | 23x | $67.05 | +36% |
| Expensive | 32x | $92.59 | +88% |
Historical ranges are pointers, not guarantees.
YUMC's PE is in its cheap range at 17x. If earnings grow as analysts expect, today's price would be 15x 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.
YUMC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
YUMC 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.
YUMC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.26 | +13% |
| Q3 2026 | $2.88 | +20% |
| Q2 2026 | $2.73 | +13% |
| Q1 2026 | $2.61 | +9.2% |
| Q4 2025 | $2.51 | +7.7% |
| Q3 2025 | $2.41 | +6.2% |
| Q2 2025 | $2.42 | +16% |
| Q1 2025 | $2.39 | +20% |
| Q4 2024 | $2.33 | +18% |
YUMC 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.
YUMC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.5B | +8.5% |
| Q2 2026 | $3.1B | +13% |
| Q1 2026 | $3.3B | +9.7% |
| Q4 2025 | $2.8B | +8.8% |
| Q3 2025 | $3.2B | +4.4% |
| Q2 2025 | $2.8B | +4% |
| Q1 2025 | $3B | +0.8% |
| Q4 2024 | $2.6B | +4.1% |
YUMC has the edge over NKE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +0.5 points |
| Q2 2026 | 11% | +0.2 points |
| Q1 2026 | 14% | +0.3 points |
| Q4 2025 | 6.6% | +0.8 points |
| Q3 2025 | 12% | +0.4 points |
| Q2 2025 | 11% | +1 points |
| Q1 2025 | 13% | +0.7 points |
| Q4 2024 | 5.8% | +1.4 points |
YUMC 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.
YUMC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $359M | +2.3% |
| Q2 2026 | $299M | +3.1% |
| Q1 2026 | $406M | +29% |
| Q4 2025 | -$116M | -$101M |
| Q3 2025 | $351M | +44% |
| Q2 2025 | $290M | +25% |
| Q1 2025 | $315M | +25% |
| Q4 2024 | -$15M | +$57M |
YUMC 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.
YUMC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -6M shares |
| 1 year | -7% | -26M shares |
| 3 years | -18% | -77M shares |
| 5 years | -21% | -92M shares |
| Available history | -12% | -45M shares |
YUMC has the edge over NKE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $263M |
| Q2 2026 | $312M |
| Q1 2026 | $218M |
| Q4 2025 | $452M |
| Q3 2025 | $324M |
| Q2 2025 | $195M |
| Q1 2025 | $173M |
| Q4 2024 | $192M |
YUMC spent $1.2B buying back its own shares over the past year, up 41% 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 YUMC on leverage, with a lower net debt burden relative to earnings.
YUMC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.5x | Very low |
| Q2 2026 | -0.2x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.3x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.4x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.4x | Net Cash |
YUMC's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt 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).
YUMC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.0 | Neutral |
| Stochastic | 77.4 | Neutral |
YUMC's weekly RSI is 59 (neutral) and its Stochastic is 77 (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.
YUMC PE vs Consumer Cyclical Sector
| Metric | YUMC | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 5.2% below |
| PE % | 10 | 47 | 37 pts below |
YUMC 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.
YUMC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.8 | 10% above |
| 20 week MA | $44.8 | 10% above |
| 50 week MA | $47.1 | 4.6% above |
| 100 week MA | $46.4 | 6.1% above |
| 200 week MA | $46.8 | 5.2% above |
YUMC 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.
YUMC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $48.7 | $57.7 | +19% |
| 2021 | $57.7 | $48.2 | -16% |
| 2022 | $48.2 | $55.6 | +15% |
| 2023 | $55.6 | $42.4 | -24% |
| 2024 | $42.4 | $49.1 | +16% |
| 2025 | $49.1 | $49.1 | +0.1% |
| 2026 YTD | $49.1 | $49.2 | +0.1% |
YUMC has the edge over NKE on returns for 2026, with the stronger performance.