Nike (NKE) FCF Margin (2009 - 2026)
Nike's (NKE) quarterly FCF Margin came in at 9.3% in Q2 2026, up 822.0% YoY from 1.01% in Q2 2025, and up 123.09% on a QoQ basis from 4.17% in Q1 2026.
Analysis
Nike (NKE) FCF Margin (2009 - 2026) Analysis & Trends
Nike (NKE) has 18 years of FCF Margin data on file, last reported at 9.3% in Q2 2026.
- Quarterly FCF Margin rose 822.0% year-over-year to 9.3% in Q2 2026, while the trailing twelve-month figure through May 2026 was 4.71% (down 235.0% YoY) and the FY2026 annual result came in at 4.71%, down 235.0% from the prior year.
- FCF Margin advanced to 9.3% in Q2 2026, from 4.17% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 19.51% in Q4 2023 to a low of 2.47% in Q3 2023.
- A 5-year average of 8.21% and a median of 7.48% in 2024 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin sank 1676 bps — and 2023, when it soared 1649 bps.
- Tracing NKE's FCF Margin over 5 years: stood at 7.52% in 2022, then surged by 160 bps to 19.51% in 2023, then plunged by 62 bps to 7.45% in 2024, then tumbled by 38 bps to 4.61% in 2025, then soared by 102 bps to 9.3% in 2026.
- The last three FCF Margin figures came in at 9.3% (Q2 2026), 4.17% (Q1 2026), and 4.61% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 56.58 Bn | 47.55 Bn | 5.39 Bn | 13.66% |
| 2 | Deckers Outdoor | 12.06 Bn | 10.16 Bn | - | - |
| 3 | Birkenstock Holding | 6.28 Bn | 5.48 Bn | 493.89 Mn | 37.90% |
| 4 | Crocs | 5.68 Bn | 5.51 Bn | 700.71 Mn | 28.06% |
| 5 | Steven Madden | 2.98 Bn | 2.88 Bn | 309.66 Mn | 29.45% |
| 6 | Wolverine World Wide | 1.58 Bn | 1.42 Bn | 235.30 Mn | - |
| 7 | Forward Industries | 541.84 Mn | 541.84 Mn | - | - |
| 8 | Weyco | 423.26 Mn | 327.79 Mn | 43.78 Mn | - |
| 9 | Rocky Brands | 330.85 Mn | 328.22 Mn | 60.80 Mn | 3.50% |
| 10 | Fossil | 297.84 Mn | 218.89 Mn | 130.79 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 13.66% |
| Feb 28, 2026 | 2.52% |
| Nov 30, 2025 | 3.11% |
| Aug 31, 2025 | 0.13% |
| May 31, 2025 | 3.27% |
| Feb 28, 2025 | 15.18% |
| Nov 30, 2024 | 7.45% |
| Aug 31, 2024 | 2.36% |
| May 31, 2024 | 19.09% |
| Feb 29, 2024 | 15.43% |
| Nov 30, 2023 | 19.51% |
| Aug 31, 2023 | -2.47% |
| May 31, 2023 | 15.47% |
| Feb 28, 2023 | 16.38% |
| Nov 30, 2022 | 5.75% |
| Aug 31, 2022 | 0.73% |
| May 31, 2022 | 7.43% |
| Feb 28, 2022 | 0.14% |
| Nov 30, 2021 | 22.71% |
| Aug 31, 2021 | 7.57% |