NIKE, Inc. (NKE) Key Metrics
NKE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $55.15B
- Enterprise value
- $55.56B
- P/E (TTM)
- 17.9 10-yr median 31.3
- Forward P/E
- 21.0
- PEG ratio
- 1.40
- Price / sales
- 1.2 10-yr median 3.2
- Price / book
- 3.6 10-yr median 12.0
- EV / EBITDA
- 12.1 10-yr median 22.5
- Dividend yield
- 3.58% $1.64 a year
- Beta
- 1.10
NKE key metrics, FY2017–FY2026
Fiscal year ended May 31, 2026 · U.S. dollarsNKE valuation Price multiples at each fiscal year-end price.
NKE returns How much profit the business earns on the capital it uses.
NKE per-share figures Results divided by the shares outstanding at year-end.
NKE financial health Debt, liquidity and how easily interest is covered.
NKE efficiency & capital use Working capital cycle and where the cash goes.
NKE valuation history
NKE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NKE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NKE cash returned to shareholders
NKE price vs earnings per share
NKE key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $68.55B | $90.13B | $145.40B | $165.24B | $191.44B | $219.62B | $156.90B | $124.84B | $119.12B | $89.66B |
| Enterprise value | $70.56B | $92.00B | $145.77B | $166.71B | $191.07B | $216.02B | $161.13B | $123.66B | $117.69B | $87.28B |
| P/E ratio | 22.1 | 28.0 | 25.5 | 32.6 | 31.7 | 38.3 | 61.8 | 31.0 | 61.6 | 21.1 |
| Price / sales | 1.5 | 1.9 | 2.8 | 3.2 | 4.1 | 4.9 | 4.2 | 3.2 | 3.3 | 2.6 |
| Price / book | 4.6 | 6.8 | 10.1 | 11.8 | 12.5 | 17.2 | 19.5 | 13.8 | 12.1 | 7.2 |
| Price / free cash flow | 31.4 | 27.6 | 22.0 | 33.9 | 43.2 | 36.8 | 112.2 | 26.1 | 30.3 | 35.4 |
| Price / operating cash flow | 23.9 | 24.4 | 19.6 | 28.3 | 36.9 | 33.0 | 63.1 | 21.1 | 24.0 | 24.6 |
| EV / sales | 1.5 | 2.0 | 2.8 | 3.3 | 4.1 | 4.9 | 4.3 | 3.2 | 3.2 | 2.5 |
| EV / EBITDA | 15.5 | 18.5 | 18.7 | 22.7 | 24.6 | 27.9 | 38.1 | 22.5 | 22.5 | 16.0 |
| EV / free cash flow | 32.3 | 28.2 | 22.0 | 34.2 | 43.1 | 36.2 | 115.2 | 25.8 | 30.0 | 34.4 |
| Earnings yield | 4.5% | 3.6% | 3.9% | 3.1% | 3.2% | 2.6% | 1.6% | 3.2% | 1.6% | 4.7% |
| Free cash flow yield | 3.2% | 3.6% | 4.6% | 2.9% | 2.3% | 2.7% | 0.9% | 3.8% | 3.3% | 2.8% |
| Dividend yield | 3.5% | 2.6% | 1.5% | 1.2% | 1.0% | 0.7% | 0.9% | 1.1% | 1.0% | 1.3% |
| Shareholder yield (dividends + buybacks) | 3.7% | 5.9% | 4.4% | 4.5% | 3.1% | 1.0% | 2.9% | 4.5% | 4.6% | 4.9% |
| Share price at fiscal year-end | $46.23 | $60.59 | $95.05 | $105.26 | $118.85 | $136.46 | $98.58 | $77.14 | $71.80 | $52.99 |
| Per share | ||||||||||
| Revenue per share | $31.29 | $31.13 | $33.58 | $32.63 | $29.00 | $27.67 | $23.50 | $24.17 | $21.94 | $20.30 |
| Earnings per share | $2.10 | $2.16 | $3.73 | $3.23 | $3.75 | $3.56 | $1.60 | $2.49 | $1.17 | $2.51 |
| Operating cash flow per share | $1.93 | $2.49 | $4.86 | $3.72 | $3.22 | $4.14 | $1.56 | $3.65 | $2.99 | $2.15 |
| Free cash flow per share | $1.47 | $2.20 | $4.33 | $3.10 | $2.75 | $3.70 | $0.88 | $2.96 | $2.37 | $1.50 |
| Cash per share | $6.09 | $6.15 | $7.57 | $6.80 | $8.07 | $8.37 | $5.52 | $2.88 | $3.16 | $3.65 |
| Book value per share | $10.02 | $8.88 | $9.43 | $8.92 | $9.49 | $7.93 | $5.06 | $5.59 | $5.91 | $7.33 |
| Tangible book value per share | $9.69 | $8.55 | $9.11 | $8.57 | $9.13 | $7.62 | $4.75 | $5.32 | $5.65 | $7.08 |
| Dividends per share | $1.62 | $1.55 | $1.42 | $1.28 | $1.14 | $1.02 | $0.91 | $0.82 | $0.75 | $0.67 |
| Capex per share | $0.46 | $0.29 | $0.53 | $0.62 | $0.47 | $0.43 | $0.68 | $0.69 | $0.62 | $0.65 |
| Debt per share | $7.44 | $7.41 | $7.81 | $7.74 | $7.84 | $6.14 | $8.18 | $2.15 | $2.30 | $2.25 |
| Shares outstanding | 1.48B | 1.49B | 1.53B | 1.57B | 1.61B | 1.61B | 1.59B | 1.62B | 1.66B | 1.69B |
| Change in shares outstanding | −0.3% | −2.8% | −2.6% | −2.5% | +0.1% | +1.1% | −1.7% | −2.5% | −1.9% | −2.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 22.1% | 23.3% | 40.1% | 34.6% | 43.1% | 55.0% | 29.7% | 42.7% | 17.4% | 34.4% |
| Return on invested capital (ROIC) | 19.0% | 20.5% | 35.5% | 31.8% | 50.4% | 55.6% | 27.2% | 49.3% | 24.1% | 43.6% |
| Return on assets (ROA) | 8.3% | 8.6% | 15.1% | 13.0% | 15.5% | 16.6% | 9.2% | 17.4% | 8.4% | 19.0% |
| Return on tangible assets | 8.2% | 8.9% | 15.2% | 13.7% | 15.2% | 15.4% | 8.2% | 17.3% | 8.7% | 18.6% |
| Free cash flow margin | 4.7% | 7.1% | 12.9% | 9.5% | 9.5% | 13.4% | 3.7% | 12.2% | 10.8% | 7.4% |
| Income quality (OCF / net income) | 0.92 | 1.15 | 1.30 | 1.15 | 0.86 | 1.16 | 0.98 | 1.47 | 2.56 | 0.86 |
| Financial health | ||||||||||
| Total debt | $11.03B | $11.02B | $11.95B | $12.14B | $12.63B | $9.88B | $13.02B | $3.48B | $3.81B | $3.80B |
| Cash & short-term investments | $9.03B | $9.15B | $11.58B | $10.68B | $13.00B | $13.48B | $8.79B | $4.66B | $5.25B | $6.18B |
| Net debt | $2.01B | $1.87B | $370.0M | $1.47B | −$370.0M | −$3.59B | $4.23B | −$1.18B | −$1.44B | −$2.38B |
| Debt / equity | 0.74 | 0.83 | 0.83 | 0.87 | 0.83 | 0.77 | 1.62 | 0.38 | 0.39 | 0.31 |
| Debt / assets | 0.29 | 0.30 | 0.31 | 0.32 | 0.31 | 0.26 | 0.42 | 0.15 | 0.17 | 0.16 |
| Net debt / EBITDA | 0.44 | 0.37 | 0.05 | 0.20 | −0.05 | −0.46 | 1.00 | −0.22 | −0.27 | −0.43 |
| Current ratio | 1.96 | 2.21 | 2.40 | 2.72 | 2.63 | 2.72 | 2.48 | 2.10 | 2.51 | 2.93 |
| Quick ratio | 1.36 | 1.50 | 1.69 | 1.81 | 1.84 | 2.01 | 1.59 | 1.39 | 1.63 | 2.01 |
| Interest coverage | 76.0 | 12.8 | 24.2 | 20.9 | 22.9 | 24.0 | 21.6 | 38.5 | 82.3 | 80.5 |
| Working capital | $12.06B | $12.80B | $14.79B | $15.95B | $17.48B | $16.62B | $12.27B | $8.66B | $9.09B | $10.59B |
| Invested capital | $16.87B | $15.08B | $14.80B | $15.47B | $14.91B | $9.17B | $12.28B | $7.86B | $8.38B | $10.03B |
| Tangible asset value | $14.37B | $12.71B | $13.93B | $13.45B | $14.71B | $12.26B | $7.56B | $8.60B | $9.37B | $11.98B |
| Net current asset value | $1.06B | −$4.0M | $1.70B | $1.68B | $3.17B | $1.32B | −$2.73B | $1.85B | $2.41B | $5.21B |
| Graham number | $21.74 | $20.80 | $28.12 | $25.46 | $28.30 | $25.20 | $13.48 | $17.69 | $12.45 | $20.33 |
| Graham net-net per share | −$4.26 | −$4.66 | −$3.28 | −$3.52 | −$2.69 | −$2.93 | −$5.50 | −$2.47 | −$1.34 | $0.36 |
| Capital allocation | ||||||||||
| Dividends paid | $2.41B | $2.30B | $2.17B | $2.01B | $1.84B | $1.64B | $1.45B | $1.33B | $1.24B | $1.13B |
| Share buybacks (net) | $146.0M | $2.98B | $4.25B | $5.48B | $4.01B | $608.0M | $3.07B | $4.29B | $4.25B | $3.22B |
| Dividend payout ratio | 77.4% | 71.5% | 38.1% | 39.7% | 30.4% | 28.6% | 57.2% | 33.1% | 64.3% | 26.7% |
| Dividends + buybacks / free cash flow | 116.9% | 161.7% | 97.0% | 153.8% | 132.1% | 37.7% | 323.0% | 117.4% | 140.0% | 171.8% |
| Capex / revenue | 1.5% | 0.9% | 1.6% | 1.9% | 1.6% | 1.6% | 2.9% | 2.9% | 2.8% | 3.2% |
| Capex / operating cash flow | 23.8% | 11.6% | 10.9% | 16.6% | 14.6% | 10.4% | 43.7% | 19.0% | 20.7% | 30.4% |
| Capex / depreciation | 0.92 | 0.53 | 0.96 | 1.13 | 0.90 | 0.87 | 0.97 | 1.55 | 1.33 | 1.54 |
| Stock-based compensation / revenue | 1.5% | 1.5% | 1.6% | 1.5% | 1.4% | 1.4% | 1.1% | 0.8% | 0.6% | 0.6% |
| SG&A / revenue | 34.7% | 34.7% | 32.3% | 32.0% | 31.7% | 29.2% | 35.1% | 32.5% | 31.6% | 30.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 41.9 | 36.0 | 30.4 | 31.3 | 35.7 | 29.6 | 34.3 | 36.3 | 36.0 | 36.8 |
| Days of inventory on hand | 103.3 | 103.3 | 102.4 | 106.5 | 110.5 | 105.6 | 112.0 | 91.8 | 92.1 | 94.8 |
| Days payables outstanding | 48.8 | 43.6 | 36.6 | 39.2 | 44.8 | 37.8 | 41.9 | 41.2 | 38.6 | 40.6 |
| Cash conversion cycle (days) | 96.4 | 95.8 | 96.2 | 98.6 | 101.3 | 97.4 | 104.4 | 86.8 | 89.4 | 91.0 |
| Receivables turnover | 8.71 | 10.13 | 12.00 | 11.64 | 10.23 | 12.35 | 10.65 | 10.07 | 10.15 | 9.93 |
| Payables turnover | 7.48 | 8.38 | 9.97 | 9.30 | 8.15 | 9.67 | 8.71 | 8.85 | 9.45 | 8.98 |
| Inventory turnover | 3.53 | 3.53 | 3.57 | 3.43 | 3.30 | 3.46 | 3.26 | 3.98 | 3.96 | 3.85 |
| Asset turnover | 1.24 | 1.24 | 1.36 | 1.32 | 1.20 | 1.29 | 1.36 | 1.69 | 1.59 | 1.54 |
| Average receivables | $5.32B | $4.57B | $4.28B | $4.40B | $4.57B | $3.61B | $3.51B | $3.88B | $3.59B | $3.46B |
| Average payables | $3.54B | $3.17B | $2.86B | $3.11B | $3.10B | $2.54B | $2.43B | $2.45B | $2.16B | $2.12B |
| Average inventory | $7.50B | $7.50B | $7.99B | $8.44B | $7.64B | $7.11B | $6.49B | $5.44B | $5.16B | $4.95B |
| Intangibles / total assets | 1.3% | 1.4% | 1.3% | 1.5% | 1.4% | 1.4% | 1.6% | 1.8% | 1.9% | 1.8% |
Computed from NKE's annual financial statements (latest annual report filed July 15, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NKE valuation and financial ratios
At the end of fiscal 2026 (May 31, 2026), Nike traded at 22.1 times earnings, against a 10-year median of 31.3. Based on the latest twelve months, the trailing P/E is 17.9 and the forward P/E is 21.0. Nike earned a return on equity of 22.1% and a return on invested capital of 19.0% in fiscal 2026. It ended the year with $11.0 billion of debt and $9.0 billion in cash and short-term investments, net debt of $2.0 billion. It returned $2.6 billion to shareholders: $2.4 billion in dividends and $146.0 million in share buybacks, 117% of free cash flow. The share count fell 12.4% from 1.69B to 1.48B over 9 years.
See the NKE income statement, the NKE chart for price history, or the NKE stock overview for the latest quote and news.
NKE key metrics FAQ
What is Nike's P/E ratio?
Nike's trailing P/E ratio is 17.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.0. At the end of fiscal 2026 it was 22.1, compared with a 10-year median of 31.3.
What is Nike's EV/EBITDA?
Nike's enterprise value was 15.5 times EBITDA at the end of fiscal 2026 (enterprise value $70.6 billion, EBITDA $4.5 billion); the current EV/EBITDA is 12.1.
What is Nike's return on equity?
Nike's return on equity (ROE) was 22.1% in fiscal 2026: net income of $3.1 billion on average shareholders' equity of $14.0 billion.
What is Nike's ROIC?
Nike's return on invested capital was 19.0% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Nike have?
Nike had total debt of $11.0 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.74 and $2.0 billion of net debt (0.44 times EBITDA).
What is Nike's dividend yield?
Nike's forward dividend yield is 3.58%. Nike paid $2.4 billion in dividends in fiscal 2026 ($1.62 per share), a payout ratio of 77.4%.
Does Nike buy back its shares?
Yes. Nike spent $146.0 million on net share repurchases in fiscal 2026 Shares outstanding changed −0.3% over the year, to 1.48B..
What is Nike's free cash flow yield?
Nike generated $2.2 billion of free cash flow in fiscal 2026, a free cash flow yield of 3.2% on its market value at year-end ($68.6 billion).
What is Nike's current ratio?
Nike's current ratio was 1.96 at the end of fiscal 2026: current assets were 1.96 times current liabilities.