Nike (NKE) Return on Invested Capital [ROIC] (2009 - 2026)
Nike (NKE) recorded Return on Invested Capital [ROIC] of 12.98% in fiscal Q1 2027 (quarter ended Aug 31, 2026), down 0.28 percentage points from 13.27% a year earlier and down 0.49 percentage points from the prior quarter.
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Analysis
Nike (NKE) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Nike reported Return on Invested Capital [ROIC] of 13.76%, down 0.02 percentage points from FY2025.
- Annual Return on Invested Capital [ROIC] has a five-year change of -16.14 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Return on Invested Capital [ROIC] came in at 13.78% in FY2025 (-9.42 pp), 23.20% in FY2024 (+2.90 pp), 20.30% in FY2023 (-5.58 pp) and 25.88% in FY2022 (-4.02 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 9.89% in fiscal Q3 2026 to 25.90% in fiscal Q2 2022 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for nine consecutive quarters, with an average year-over-year change of -5.07 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 9.34 percentage points in fiscal Q2 2022, against a drop of 9.20 percentage points in fiscal Q4 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 13.47% (Q4 2026), 9.89% (Q3 2026) and 11.43% (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 57.28 Bn | 23.48 Bn | 4.80 Bn | 12.98% |
| 2 | Tapestry | 27.14 Bn | 23.10 Bn | 1.56 Bn | 51.28% |
| 3 | Ralph Lauren | 22.63 Bn | 14.55 Bn | 1.63 Bn | 26.99% |
| 4 | Lululemon Athletica | 12.51 Bn | 6.76 Bn | 1.46 Bn | - |
| 5 | Deckers Outdoor | 11.73 Bn | 4.92 Bn | 895.11 Mn | - |
| 6 | Levi Strauss | 8.84 Bn | 5.42 Bn | 1.07 Bn | 17.38% |
| 7 | V F | 8.00 Bn | 4.60 Bn | 1.49 Bn | 9.85% |
| 8 | Crocs | 7.20 Bn | 6.60 Bn | 689.73 Mn | 27.23% |
| 9 | Birkenstock Holding | 6.95 Bn | 5.27 Bn | 493.89 Mn | 9.71% |
| 10 | Gildan Activewear | 5.55 Bn | 4.51 Bn | 624.95 Mn | 7.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 12.98% |
| May 31, 2026 | 13.47% |
| Feb 28, 2026 | 9.89% |
| Nov 30, 2025 | 11.43% |
| Aug 31, 2025 | 13.27% |
| May 31, 2025 | 13.90% |
| Feb 28, 2025 | 18.23% |
| Nov 30, 2024 | 19.87% |
| Aug 31, 2024 | 21.31% |
| May 31, 2024 | 23.09% |
| Feb 29, 2024 | 21.77% |
| Nov 30, 2023 | 22.20% |
| Aug 31, 2023 | 21.32% |
| May 31, 2023 | 20.62% |
| Feb 28, 2023 | 21.92% |
| Nov 30, 2022 | 22.06% |
| Aug 31, 2022 | 22.13% |
| May 31, 2022 | 24.80% |
| Feb 28, 2022 | 25.14% |
| Nov 30, 2021 | 25.90% |
API Access
Nike Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "NKE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=NKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();