What is Nike's capex?

Nike (NKE) reported capex of $146M in Q4 2025.

How has Nike's capex changed year-over-year?

Nike's capex increased by 80.2% year-over-year, from $81M to $146M.

What is the long-term trend for Nike's capex?

Over 4 years (2021 to 2025), Nike's capex has grown at a -11.3% compound annual growth rate (CAGR), from $695M to $430M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Nike NKE CapEx

CapEx at other companies

V.F. CorporationVFC

$27.39M+24.6%

Wolverine World WideWWW

$1.7M-77.6%

Deckers Outdoor CorporationDECK

$17.08M+3.9%

Columbia Sportswear CompanyCOLM

$12.45M-20.0%

CrocsCROX

$18M+17.1%

Under Armour, Inc.UA

——

Other financials

Income statement

See full

Revenue$11.3B+0.1%

Gross profit$4.5B-3.1%

Net income$520.0M-34.5%

EPS (diluted)$0.35-35.2%

Balance sheet

See full

Cash & equivalents$1.7B-80.3%

Total debt$10.2B-6.7%

Total equity$14.1B+0.6%

Total assets$37.1B-1.9%

Cash flow

See full

Operating cash flow$430.0M-76.0%

Free cash flow$284.0M-83.4%

Valuation

See full

Market cap$60.57B-31.4%

Enterprise value$69.05B-29.6%

P/E26.9×-0.5×

P/S1.3×-0.6×

Profitability

See full

Gross margin40.8%-3.0pp

Net margin4.8%-4.6pp

FCF margin2.3%-8.9pp

Returns & leverage

See full

Return on equity16%-15.9pp

Debt / equity0.7×-0.1×

Current ratio2.1×-0.1×

Where this comes from

Reported directly by Nike in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Nike’s 10-Q, filed April 1, 2026, on SEC EDGAR. View the filing →

Ask your AI about Nike's capex.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Nike's capex?: Nike (NKE) reported capex of $146M in Q4 2025.
How has Nike's capex changed year-over-year?: Nike's capex increased by 80.2% year-over-year, from $81M to $146M.
What is the long-term trend for Nike's capex?: Over 4 years (2021 to 2025), Nike's capex has grown at a -11.3% compound annual growth rate (CAGR), from $695M to $430M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.