Nike (NKE) Change in Inventory (2009 - 2026)
Nike's (NKE) quarterly Change in Inventory came in at $55.0 million in Q2 2026, up 125.11% YoY from $24.4 million in Q2 2025, and up 119.57% on a QoQ basis from -$281.0 million in Q1 2026.
Analysis
Nike (NKE) Change in Inventory (2009 - 2026) Analysis & Trends
Nike (NKE) has 18 years of Change in Inventory data on file, last reported at $55.0 million in Q2 2026.
- Quarterly Change in Inventory rose 125.11% year-over-year to $55.0 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $31.0 million (up 125.83% YoY) and the FY2026 annual result came in at $31.0 million, up 125.83% from the prior year.
- Change in Inventory rose to $55.0 million in Q2 2026, from -$281.0 million in the prior quarter.
- In the past five years, Change in Inventory ranged from a high of $1.4 billion in Q3 2022 to a low of -$756.0 million in Q4 2023.
- A 5-year average of $60.0 million and a median of -$207.5 million in 2024 frame the typical range for Change in Inventory.
- Annual changes were most pronounced in 2022 — Change in Inventory surged 1449.5% — and 2025, when it tumbled 167.42%.
- Tracing NKE's Change in Inventory over 5 years: stood at -$415.0 million in 2022, then slumped by 82.17% to -$756.0 million in 2023, then soared by 82.54% to -$132.0 million in 2024, then plunged by 167.42% to -$353.0 million in 2025, then soared by 115.58% to $55.0 million in 2026.
- The last three Change in Inventory figures came in at $55.0 million (Q2 2026), -$281.0 million (Q1 2026), and -$353.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 56.65 Bn | 47.63 Bn | 5.39 Bn | 55.00 Mn |
| 2 | Deckers Outdoor | 12.17 Bn | 10.26 Bn | - | - |
| 3 | Birkenstock Holding | 6.30 Bn | 5.50 Bn | 493.89 Mn | - |
| 4 | Crocs | 5.73 Bn | 5.56 Bn | 700.71 Mn | -8.13 Mn |
| 5 | Steven Madden | 2.99 Bn | 2.89 Bn | 309.66 Mn | -4.17 Mn |
| 6 | Wolverine World Wide | 1.61 Bn | 1.45 Bn | 235.30 Mn | - |
| 7 | Forward Industries | 564.38 Mn | 564.38 Mn | - | - |
| 8 | Weyco | 421.09 Mn | 325.62 Mn | 43.78 Mn | - |
| 9 | Rocky Brands | 336.03 Mn | 333.40 Mn | 60.80 Mn | 887,000.00 |
| 10 | Fossil | 300.79 Mn | 221.84 Mn | 130.79 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 55.00 Mn |
| Feb 28, 2026 | -281.00 Mn |
| Nov 30, 2025 | -353.00 Mn |
| Aug 31, 2025 | 610.00 Mn |
| May 31, 2025 | -219.00 Mn |
| Feb 28, 2025 | -448.00 Mn |
| Nov 30, 2024 | -132.00 Mn |
| Aug 31, 2024 | 679.00 Mn |
| May 31, 2024 | -210.00 Mn |
| Feb 29, 2024 | -205.00 Mn |
| Nov 30, 2023 | -756.00 Mn |
| Aug 31, 2023 | 263.00 Mn |
| May 31, 2023 | -394.00 Mn |
| Feb 28, 2023 | -421.00 Mn |
| Nov 30, 2022 | -415.00 Mn |
| Aug 31, 2022 | 1.36 Bn |
| May 31, 2022 | 804.00 Mn |
| Feb 28, 2022 | 1.14 Bn |
| Nov 30, 2021 | -167.00 Mn |
| Aug 31, 2021 | -101.00 Mn |