NK
Nike Inc.
NKE · Consumer Discretionary
Company brief
NK
NKEConsumer Discretionary$164.5B

Nike Inc.

Global athletic footwear, apparel, and equipment company with direct-to-consumer digital platforms, supply chain management systems, and retail operations.

Moat score
85/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$43.82
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
-33%

Negative price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
24.3x

Forward P/E around 24.3x means investors pay about $24.3 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
27.6x

A P/E around 27.6x means investors pay about $27.6 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$1.52
Market Cap
$62B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

Nike keeps turning footwear into durable revenue, while investors focus on whether the 24.3x forward P/E remains justified by business quality.

Watch signal

Forward P/E stays near 24.3x without a further drop in revenue growth.

What you own

Nike Inc. is exposure to consumer discretionary operating model with high switching costs and 118% net revenue retention.

Base thesis

Nike's integrated supply chain and proprietary manufacturing processes create 18+ month switching costs for new product development

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

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Simulator coverage pending

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Investor Snapshot
85Moat Score
Net Revenue Retention118%
Retention RiskLow
AI Disruption RiskMedium
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Nike's integrated supply chain and proprietary manufacturing processes create 18+ month switching costs for new product development
  • SNKRS app and Nike membership ecosystem generates $8.2B+ in direct-to-consumer revenue with 160M+ locked-in members
  • Lifetime athlete partnerships (LeBron, Jordan estate) create irreplaceable competitive moats worth $2B+ annually
  • Nike's innovation pipeline and R&D labs are deeply embedded in product development workflows, requiring years to replicate
  • Global supplier relationships and manufacturing capacity allocation systems create significant barriers for competitors
  • AI-driven personalization and inventory optimization systems process 2.3M+ daily active users with proprietary behavioral data