NIKE, Inc.
NKE · Rubber & Plastics Footwear · 855.4M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $4.7B (gross $5.5B, SBC $755M)
Reference price $46.18 · est. market cap ~$39.5B — last insider sale, 2026-06-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C62Dominant athletic brand in a deep reset year — steep revenue/earnings declines and tariff-driven margin pressure offset elite cash flow and a strong balance sheet.
Strengths
- Huge free cash flow — FCF $3.27B (95th)
- Strong returns and liquidity — ROE 24.4% (78th), ROA 8.8% (75th), current ratio 2.21
- Profitable through the downturn with a durable brand — net margin 7.0% (60th)
Risks
- Steep revenue decline — -9.8% (5th) — among the weakest in its peer set
- Earnings collapse and margin compression — net income -43.5% (34th); gross margin 42.7% (34th)
- Tariff and competitive/wholesale pressure per FY25 10-K — qualitative (per 10-K)
Notable findings
- High convictionHigh conviction — notable institutional holders, insider buying, and a strong balance sheet
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Insider buyingInsider buying — 5 open-market buy(s) by 4 insider(s) (cluster of 4 insiders, ~$4M, last 6mo) Form 4 ↗
- Strong balance sheetStrong balance sheet — $7.5B cash & investments
- Notable holderHeld by 6 notable fund(s): STATE STREET CORP, CITADEL ADVISORS LLC, FMR LLC +3 more (as of 2026-03-31)
- Insider sellingInsider selling — 2 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$1M, last 6mo) Form 4 ↗
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
42.7%
Net margin
7.0%
Return on equity
24.4%
Return on assets
8.8%
Revenue growth (QoQ)
-9.2%
Net-income growth
-43.5%
Debt / equity
0.6×
Current ratio
2.2×
Free cash flow
$3.3B
Tangible book value
$12.7B
Cash & investments
$7.5B
Stock comp / revenue
1.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-12 | McCartney Philip | Sell | 17K | $46.18 |
| 2026-06-10 | Alagirisamy Venkatesh | Tax withheld | 9.9K | $44.65 |
| 2026-06-10 | McCartney Philip | Tax withheld | 9.8K | $44.65 |
| 2026-05-14 | PARKER MARK G | Gift | 22K | — |
| 2026-04-13 | Hill Elliott | Buy | 24K | $42.27 |
| 2026-04-13 | Hill Elliott | Buy | 24K | $42.27 |
| 2026-04-10 | COOK TIMOTHY D | Buy | 25K | $42.43 |
| 2026-04-09 | ROGERS JOHN W JR | Buy | 4.0K | $43.34 |
| 2026-04-07 | SWAN ROBERT HOLMES | Buy | 12K | $42.44 |
| 2026-04-02 | Knight Travis A | Other | 2.3M | — |
| 2026-04-02 | Knight Travis A | Other | 2.3M | — |
| 2026-02-12 | Leinwand Robert | Sell | 9.1K | $62.33 |
| 2026-02-11 | KNIGHT PHILIP H | Gift | 4.5M | — |
| 2026-02-11 | KNIGHT PHILIP H | Gift | 4.5M | — |
| 2026-02-10 | Leinwand Robert | Tax withheld | 4.6K | $62.41 |
| 2026-02-10 | Heinle Treasure | Tax withheld | 853 | $62.41 |
| 2026-02-02 | KNIGHT PHILIP H | Conversion | 4.5M | — |
| 2025-12-31 | Knight Travis A | Other | 3.0M | — |
| 2025-12-31 | Knight Travis A | Other | 3.0M | — |
| 2025-12-31 | Knight Travis A | Other | 3.0M | — |
| 2025-12-29 | Hill Elliott | Buy | 16K | $61.10 |
| 2025-12-22 | COOK TIMOTHY D | Buy | 50K | $58.97 |
| 2025-12-22 | Knight Travis A | Other | 1.7M | — |
| 2025-12-22 | SWAN ROBERT HOLMES | Buy | 8.7K | $57.54 |
| 2025-12-10 | Hill Elliott | Grant | 117K | — |
| 2025-12-10 | Friend Matthew | Grant | 31K | — |
| 2025-12-10 | Heinle Treasure | Grant | 31K | — |
| 2025-12-10 | McCartney Philip | Grant | 31K | — |
| 2025-12-10 | Leinwand Robert | Grant | 31K | — |
| 2025-12-10 | Alagirisamy Venkatesh | Grant | 5.4K | — |
| 2025-12-10 | Alagirisamy Venkatesh | Grant | 31K | — |
| 2025-12-10 | Montagne Amy | Grant | 31K | — |
| 2025-11-14 | PARKER MARK G | Gift | 11K | — |
| 2025-11-14 | PARKER MARK G | Sell | 86K | $64.80 |
| 2025-11-07 | KNUDSTORP JORGEN VIG | Buy | 16K | $62.09 |
| 2025-10-14 | Hill Elliott | Tax withheld | 4.8K | $67.38 |
| 2025-10-06 | Heinle Treasure | Sell | 4.3K | $71.27 |
| 2025-10-02 | Leinwand Robert | Sell | 697 | $75.13 |
| 2025-09-09 | ROGERS JOHN W JR | Grant | 2.6K | — |
| 2025-09-09 | Knight Travis A | Grant | 2.6K | — |
| 2025-09-09 | KNUDSTORP JORGEN VIG | Grant | 2.6K | — |
| 2025-09-09 | KNUDSTORP JORGEN VIG | Grant | 2.6K | — |
| 2025-09-09 | COOK TIMOTHY D | Grant | 2.6K | — |
| 2025-09-09 | Duckett Thasunda | Grant | 2.6K | — |
| 2025-09-09 | Gil Monica | Grant | 2.6K | — |
| 2025-09-09 | HENRY MARIA | Grant | 2.6K | — |
| 2025-09-09 | Henry Peter B. | Grant | 2.6K | — |
| 2025-09-09 | PELUSO MICHELLE A | Grant | 2.6K | — |
| 2025-09-09 | SWAN ROBERT HOLMES | Grant | 2.6K | — |
| 2025-09-05 | Leinwand Robert | Sell | 1.0K | $74.64 |
| 2025-09-02 | Hill Elliott | Tax withheld | 2.4K | $77.37 |
| 2025-09-02 | Montagne Amy | Tax withheld | 880 | $77.37 |
| 2025-09-02 | williams craig a. | Tax withheld | 1.8K | $77.37 |
| 2025-09-02 | Heinle Treasure | Tax withheld | 963 | $77.37 |
| 2025-09-02 | Friend Matthew | Tax withheld | 1.3K | $77.37 |
| 2025-09-02 | McCartney Philip | Tax withheld | 513 | $77.37 |
| 2025-09-02 | Leinwand Robert | Tax withheld | 864 | $77.37 |
| 2025-09-01 | Leinwand Robert | Grant | 18K | — |
| 2025-09-01 | Hill Elliott | Grant | 51K | — |
| 2025-09-01 | Heinle Treasure | Grant | 18K | — |
| 2025-09-01 | McCartney Philip | Grant | 14K | — |
| 2025-09-01 | Montagne Amy | Grant | 14K | — |
| 2025-09-01 | williams craig a. | Grant | 26K | — |
| 2025-09-01 | Friend Matthew | Grant | 26K | — |
| 2025-09-01 | Nielsen Johanna | Grant | 3.1K | — |
| 2025-08-14 | PARKER MARK G | Gift | 11K | — |
| 2025-08-14 | PARKER MARK G | Sell | 86K | $75.93 |
| 2025-08-13 | McCartney Philip | Sell | 3.2K | $77.21 |
| 2025-08-05 | Leinwand Robert | Sell | 1.6K | $74.91 |
| 2025-08-01 | Leinwand Robert | Tax withheld | 827 | $74.69 |
| 2025-08-01 | McCartney Philip | Tax withheld | 683 | $74.69 |
| 2025-08-01 | Friend Matthew | Tax withheld | 2.7K | $74.69 |
| 2025-08-01 | Montagne Amy | Tax withheld | 993 | $74.69 |
| 2025-08-01 | williams craig a. | Tax withheld | 2.8K | $74.69 |
| 2025-07-16 | PARKER MARK G | Sell | 110K | $72.29 |
| 2025-07-16 | PARKER MARK G | Option exercise | 110K | $56.40 |
| 2025-07-10 | williams craig a. | Tax withheld | 4.7K | $73.56 |
| 2025-05-14 | PARKER MARK G | Gift | 11K | — |
| 2025-05-14 | PARKER MARK G | Sell | 43K | $62.05 |
| 2025-05-14 | PARKER MARK G | Option exercise | 110K | $56.40 |
| 2025-05-14 | PARKER MARK G | Sell | 110K | $62.05 |
| 2025-04-24 | Nielsen Johanna | Sell | 138 | $57.81 |
| 2025-04-04 | SWAN ROBERT HOLMES | Buy | 8.6K | $58.46 |
| 2025-02-14 | PARKER MARK G | Sell | 60K | $72.83 |
| 2025-02-14 | PARKER MARK G | Gift | 11K | — |
| 2025-02-14 | PARKER MARK G | Option exercise | 110K | $56.40 |
| 2025-02-14 | PARKER MARK G | Sell | 110K | $72.83 |
| 2025-02-13 | Leinwand Robert | Sell | 4.5K | $72.81 |
| 2025-02-11 | O'NEILL HEIDI | Sell | 14K | $71.18 |
| 2025-02-10 | Leinwand Robert | Tax withheld | 2.4K | $70.94 |
| 2025-02-10 | Miller Ann M | Tax withheld | 345 | $70.94 |
| 2025-02-10 | Heinle Treasure | Tax withheld | 1.2K | $70.94 |
| 2025-02-10 | Nielsen Johanna | Tax withheld | 90 | $70.94 |
| 2025-01-06 | Heinle Treasure | Grant | 5.1K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-23 | ResultsExec/director changeReg FDExhibits | filing ↗ |
| 2026-06-18 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-03-31 | ResultsExhibits | filing ↗ |
| 2026-03-09 | Material agreement1.02Debt obligationExhibits | filing ↗ |
| 2026-03-05 | 2.05 | filing ↗ |
| 2025-12-18 | ResultsExhibits | filing ↗ |
| 2025-12-02 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-09-30 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-23 | 2026-06-16 | 0000320187-26-000070 ↗ |
| 8-K | 2026-06-18 | 2026-06-15 | 0000320187-26-000068 ↗ |
| 10-Q | 2026-04-01 | 2026-02-28 | 0000320187-26-000037 ↗ |
| 8-K | 2026-03-31 | 2026-03-31 | 0000320187-26-000026 ↗ |
| 8-K | 2026-03-09 | 2026-03-06 | 0000320187-26-000020 ↗ |
| 8-K | 2026-03-05 | 2026-02-27 | 0000320187-26-000017 ↗ |
| 10-Q | 2025-12-30 | 2025-11-30 | 0000320187-25-000151 ↗ |
| 8-K | 2025-12-18 | 2025-12-18 | 0000320187-25-000138 ↗ |
| 8-K | 2025-12-02 | 2025-12-01 | 0000320187-25-000115 ↗ |
| 10-Q | 2025-10-01 | 2025-08-31 | 0000320187-25-000097 ↗ |
| 8-K | 2025-09-30 | 2025-09-30 | 0000320187-25-000091 ↗ |
| 8-K | 2025-09-11 | 2025-09-09 | 0000320187-25-000060 ↗ |