Nike (NKE) Return on Capital Employed (2009 - 2026)

Nike (NKE) reported Return on Capital Employed of 41.55% for Q1 2026, up 1016.0% on a YoY basis from 3.72% in Q1 2025, and up 5.67% quarter-over-quarter from 39.32% in Q4 2025.

Nike (NKE) Return on Capital Employed (2009 - 2026) Analysis & Trends

Nike has reported Return on Capital Employed for 18 years, with the latest figure at 41.55% in Q1 2026.

  • For the quarter ending Q1 2026, Return on Capital Employed rose 1016.0% year-over-year to 41.55%; the trailing twelve-month figure through Feb 2026 stood at 41.55% (up 1016.0% YoY), and the FY2025 full-year result was 31.33%, down 758.0% from the prior year.
  • Return on Capital Employed for Q1 2026 stood at 41.55%, up from 39.32% in the prior quarter.
  • The five-year high for Return on Capital Employed was 41.55% in Q1 2026, with the low at 21.14% in Q4 2022.
  • Historically, Return on Capital Employed has averaged 29.39% across 5 years, with a median of 27.27% in 2024.
  • Annual changes were most pronounced in 2023 — Return on Capital Employed plunged 612 bps — and 2025, when it soared 1307 bps.
  • Nike's Return on Capital Employed stood at 21.14% in 2022, then increased by 18 bps to 24.95% in 2023, then soared by 34 bps to 33.43% in 2024, then grew by 18 bps to 39.32% in 2025, then rose by 6 bps to 41.55% in 2026.
  • The last three Return on Capital Employed figures came in at 41.55% (Q1 2026), 39.32% (Q4 2025), and 40.0% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Birkenstock Holding 102.63 Bn 102.39 Bn 390.51 Mn 11.76%
2 Nike 65.09 Bn 57.03 Bn 4.53 Bn 41.55%
3 Deckers Outdoor 16.02 Bn 13.93 Bn 1.17 Bn 45.82%
4 Crocs 6.13 Bn 6.00 Bn 522.95 Mn 3.52%
5 Steven Madden 3.14 Bn 3.10 Bn 357.42 Mn 8.61%
6 Wolverine World Wide 1.98 Bn 1.79 Bn 243.40 Mn 12.55%
7 On Holding AG 1.66 Bn 264.30 Mn 682.30 Mn 18.70%
8 Forward Industries 381.04 Mn 355.65 Mn 16.85 Mn -50.36%
9 Designer Brands 349.93 Mn 299.82 Mn 315.32 Mn 5.39%
10 Weyco 343.83 Mn 246.40 Mn 33.84 Mn 2.56%

Historic Data

Download Data
DateValue
Feb 28, 2026 41.55%
Nov 30, 2025 39.32%
Aug 31, 2025 40.00%
May 31, 2025 40.34%
Feb 28, 2025 31.39%
Nov 30, 2024 33.43%
Aug 31, 2024 30.09%
May 31, 2024 27.27%
Feb 29, 2024 21.19%
Nov 30, 2023 24.95%
Aug 31, 2023 23.51%
May 31, 2023 23.86%
Feb 28, 2023 24.08%
Nov 30, 2022 21.14%
Aug 31, 2022 24.38%
May 31, 2022 29.98%
Feb 28, 2022 23.18%
Nov 30, 2021 23.64%
Aug 31, 2021 20.62%
May 31, 2021 20.14%