Free cash flow
Nike Free cash flow decreased by 26.4% to $284.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 83.4%, from $1.71B to $284.00M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows a downward trend with a -14.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.84B | $927.00M | $2.58B | $15.00M | $909.00M | $93.00M | $765.00M | $2.03B | $1.98B | -$319.00M | $2.61B | $1.92B | $2.41B | $274.00M | $920.00M | $1.71B | $363.00M | $15.00M | $386.00M | $284.00M |
| QoQ Change | — | -49.6% | +178.2% | -99.4% | >999% | -89.8% | +722.6% | +165.4% | -2.3% | -116.1% | +918.8% | -26.6% | +25.4% | -88.6% | +235.8% | +86.0% | -78.8% | -95.9% | >999% | -26.4% |
| YoY Change | — | — | — | — | -50.5% | -90.0% | -70.3% | >999% | +118.3% | -443.0% | +241.4% | -5.5% | +21.3% | +185.9% | -64.8% | -10.8% | -84.9% | -94.5% | -58.0% | -83.4% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Nike's free cash flow?
- Nike (NKE) reported free cash flow of $284.00M in Q4 2025.
- How has Nike's free cash flow changed year-over-year?
- Nike's free cash flow decreased by 83.4% year-over-year, from $1.71B to $284.00M.
- What is the long-term trend for Nike's free cash flow?
- Over 4 years (2021 to 2025), Nike's free cash flow has grown at a -14.0% compound annual growth rate (CAGR), from $5.96B to $3.27B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.