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Nike NKE Net margin

Net margin at other companies

Deckers Outdoor Corporation logo
Deckers Outdoor CorporationDECK
18.7%-0.7pp
lululemon athletica logo
lululemon athleticaLULU
13%-3.8pp
TJX Companies logo
TJX CompaniesTJX
9.4%+0.9pp
Ralph Lauren logo
Ralph LaurenRL
11.6%+1.1pp
Dick's Sporting Goods logo
Dick's Sporting GoodsDKS
4.7%-3.8pp
Best Buy logo
Best BuyBBY
2.7%+0.6pp

Other financials

Income statement

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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

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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

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Operating cash flow$430.0M-76.0%
CapEx$146.0M+80.3%
Free cash flow$284.0M-83.4%

Valuation

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Market cap$65.44B-21.7%
Enterprise value$73.93B-16.1%
P/E29.1×+10.6×
P/S1.4×-0.3×

Profitability

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Gross margin40.8%-3.0pp

Returns & leverage

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Return on equity16%-15.9pp
Debt / equity0.7×-0.1×
Current ratio2.1×-0.1×

Where this comes from

Calculated from Nike’s reported figures.

Based on trailing twelve months.

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

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Questions, answered.

What is Nike's net margin?
Nike (NKE) reported net margin of 4.8% in Q4 2025.
How has Nike's net margin changed year-over-year?
Nike's net margin decreased by 48.7% year-over-year, from 9.4% to 4.8%.
What is the long-term trend for Nike's net margin?
Over 3 years (2022 to 2025), Nike's net margin has grown at a -11.0% compound annual growth rate (CAGR), from 52.5% to 37%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.