Operating
Change in Inventories
Nike Change in Inventories increased by 20.4% to -$281.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 37.3%, from -$448.00M to -$281.00M. Over 2 years (FY 2022 to FY 2025), Change in Inventories shows a downward trend with a -73.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementCash Flow Statement
SectionOperating
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase might signal preparation for a major product launch or, conversely, slowing demand and potential future write-downs.
Detailed definition
This metric tracks the change in the value of raw materials, work-in-progress, and finished goods held by the company. A...
Peer comparison
Consumer hardware companies aim for high inventory turnover to minimize the risk of product obsolescence.
Metric ID:
change_in_inventoriesHistorical Data
18 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$101.00M | -$167.00M | $1.14B | $804.00M | $1.36B | -$415.00M | -$421.00M | $263.00M | -$756.00M | -$205.00M | -$210.00M | $679.00M | -$132.00M | -$448.00M | -$219.00M | $610.00M | -$353.00M | -$281.00M |
| QoQ Change | — | -65.3% | +782.6% | -29.5% | +69.5% | -130.4% | -1.4% | +162.5% | -387.5% | +72.9% | -2.4% | +423.3% | -119.4% | -239.4% | +51.1% | +378.5% | -157.9% | +20.4% |
| YoY Change | — | — | — | — | >999% | -148.5% | -136.9% | -80.7% | -82.2% | +51.3% | — | +158.2% | +82.5% | -118.5% | -4.3% | -10.2% | -167.4% | +37.3% |
Range-$756.00M – $1.36B
CAGR+27.2%
Avg YoY Growth+79.2%
Median YoY Growth-10.2%
Change in Inventories at Other Companies
Frequently Asked Questions
- What is Nike's change in inventories?
- Nike (NKE) reported change in inventories of -$281.00M in Q4 2025.
- How has Nike's change in inventories changed year-over-year?
- Nike's change in inventories increased by 37.3% year-over-year, from -$448.00M to -$281.00M.
- What is the long-term trend for Nike's change in inventories?
- Over 2 years (2022 to 2025), Nike's change in inventories has grown at a -73.2% compound annual growth rate (CAGR), from $1.68B to -$120.00M.
- What does change in inventories mean?
- The change in the value of products and materials the company has in stock.