NIKE, Inc. (NKE)财务
NYSE · Consumer Cyclical · Apparel - Footwear & Accessories · 员工73,000人 · CEO Elliott J. Hill
- 股价
- $38.67 +0.65%
- 市值
- $574亿
- 企业价值
- $616亿
- 最近财报
- Q1 '27 2026-10-02提交
- 下次财报
- 2026-12-17 EPS预期 $0.34
营收(TTM)$459亿-1.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)8.2%+0.8 百分点 对比去年同期营业利润 $37.6亿
净利润(TTM)$30.9亿+6.8% 对比去年同期税后,含营业外收益
自由现金流(TTM)$21.1亿-30.0% 对比去年同期资本支出 $6.76亿
稀释EPS(TTM)$2.09+7.2% 对比去年同期最近4个季度之和
净现金-$27亿-8.9% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $574亿 EV $616亿
- 营收
- $459亿 过去12个月
- 营收增速
- -8% FY2027年一致预期
- 净利润率
- 6.7% 净利润 / 营收,TTM
- P/E
- 18.5× 预期 30.5×(FY2027)
- P/S
- 1.3× 股价 / 营收,TTM
- EV / EBITDA
- 13.5× TTM
- 自由现金流
- $21.1亿 过去12个月
- 净利润
- $30.9亿 过去12个月
- 营收预期
- $428亿 FY2027年一致预期
- 盈利
- 2026-12-17 营收预期 $111亿
- 股息
- $1.64 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-01):营收低于预期0.9%,EPS 超预期10.8%营收$112亿,预期$113亿(-0.9%);EPS $0.48,预期$0.43(+10.8%)。
- 营收增长放缓:同比-4.3%Q1 '27营收$112亿,此前四个季度的平均值为0.2%。
- 营业利润率8.2%(TTM),较去年同期+0.8 百分点营收增长-1.2%,营业利润增长10.0%。
- 资本支出占营收的1.5%(去年为1.1%)最近4个季度投入$6.76亿(同比+30.8%)。自由现金流$21.1亿,相当于净利润的68.1%。
- 股东回报$24.5亿 = 自由现金流的116.2%回购$2000万(去年为$19.3亿),股息$24.3亿,股权激励$6.93亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内增加0.4%Q1 '27稀释股数14.8亿,一年前为14.8亿。
- 净债务 $27亿现金 + 短期投资 $83.7亿,含租赁债务 $111亿;一年前净债务 $24.8亿。
上一季度:Q1 '27
截至2026-08-31的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q1 '27 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $112亿 | $117亿 | -4.3% |
| 毛利率 | 42.8% | 42.2% | +0.6 百分点 |
| 营业利润 | $8.88亿 | $9.27亿 | -4.2% |
| 营业利润率 | 7.9% | 7.9% | 0.0 百分点 |
| 净利润 | $7.12亿 | $7.27亿 | -2.1% |
| 稀释EPS | $0.48 | $0.49 | -2.0% |
| 经营现金流 | $1.35亿 | $2.22亿 | -39.2% |
| 资本支出 | $1.99亿 | $2.07亿 | -3.9% |
| 自由现金流 | -$6400万 | $1500万 | -526.7% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $1.58亿 | $1.85亿 | -14.6% |
实际 vs 一致预期
2026-10-01| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $112亿 | $113亿 | -0.9% |
| EPS(一致预期口径) | $0.48 | $0.43 | +10.8% |
来自2026-10-01发布的Q1 '27财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q1 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Footwear | $71.8亿 | – | 64.0% | $377亿 | – | |
| Apparel | $40.1亿 | – | 35.8% | $197亿 | – | |
| Product and Service, Other | $2600万 | – | 0.2% | $1.69亿 | – |
按地区划分的营收
占总额比例| 分部 | Q1 '27 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| North America | $51.3亿 | – | 46.8% | $256亿 | – | |
| Europe, Middle East And Africa Segment | $31.8亿 | – | 29.0% | $157亿 | – | |
| Asia Pacific And Latin America Segment | $14.6亿 | – | 13.4% | $77.1亿 | – | |
| Greater China | $11.8亿 | – | 10.8% | $70.3亿 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $27.8亿
- 资本支出
- -$6.76亿
- 股票回购
- -$2000万
- 股息
- -$24.3亿
- 收购
- $0
- 债务净发行
- $100万
- 股权激励费用
- $6.93亿
- 自由现金流
- $21.1亿
- 股东回报 / FCF
- 116.2%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 18.5× | 27.7× | 21.9× – 32.2× |
| EV / EBITDA | 13.5× | 20.2× | 15.7× – 24.6× |
| EV / 营收 | 1.3× | 2.8× | 1.5× – 4.1× |
| 股价 / FCF | 27.3× | 31.3× | 21.8× – 42.4× |
| 股价 / 净资产 | 3.8× | 9.1× | 4.6× – 12.3× |
| FCF收益率 | 3.7% | 3.4% | 2.4% – 4.6% |
| 投入资本回报率 | 10.3% | 15.5% | 10.7% – 19.9% |
| 净资产收益率 | 21.2% | 32.1% | 20.9% – 39.6% |
分析师
一致目标价 $37.15 (-3.9%)
区间 $19.00 – $60.00 · 评级 Buy
强烈买入1
买入33
持有31
卖出8
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $428亿 | -7.7% | $1.27 | -39.6% | 30.5× | 30 |
| FY2028 | $430亿 | +0.5% | $1.50 | +18.2% | 25.8× | 31 |
| FY2029 | $441亿 | +2.6% | $1.82 | +21.4% | 21.2× | 19 |
| FY2030 | $486亿 | +10.0% | $2.42 | +32.8% | 16.0× | 17 |
| FY2031 | $464亿 | -4.4% | $3.00 | +24.1% | 12.9× | 9 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
NIKE, Inc.在近期10-Q / 10-K文件中标记的全部211项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| – | – | – | 0.3% | – | – | |
| – | – | – | $1.13亿 | – | – | |
| – | – | – | $6.42亿 | – | – | |
| – | – | – | $5.02亿 | – | – | |
| – | – | – | $1.26亿 | – | – | |
| Accounts Payable, Current | $34.2亿 | $37.7亿 | -9.3% | $36亿 | $34.8亿 | +3.5% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $52.4亿 | $49.6亿 | +5.6% | $59.3亿 | $47.2亿 | +25.7% |
| Accrued Income Taxes, Current | $1.78亿 | $7.06亿 | -74.8% | $3.77亿 | $6.69亿 | -43.6% |
| Accrued Liabilities, Current | $53.4亿 | $59.2亿 | -9.9% | $60.9亿 | $59.2亿 | +3.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $65.3亿2026-05-31 | $61亿 | +6.9% | $65.3亿 | $61亿 | +6.9% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$3900万 | -$3.08亿 | +87.3% | -$1.41亿 | -$2.58亿 | +45.3% |
| Additional Paid in Capital, Common Stock | $153亿 | $145亿 | +5.8% | $152亿 | $142亿 | +6.8% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1.58亿 | $1.85亿 | -14.6% | $7.15亿 | $7.09亿 | +0.8% |
| Asset Impairment Charges | $900万 | $800万 | +12.5% | $5000万 | $3300万 | +51.5% |
| Assets | $378亿 | $373亿 | +1.2% | $384亿 | $366亿 | +5.0% |
| Assets, Current | $237亿 | $239亿 | -0.9% | $246亿 | $234亿 | +5.3% |
| Assets, Fair Value Disclosure | $83.7亿 | – | – | $90.3亿 | $91.5亿 | -1.4% |
| Capital Expenditures Incurred but Not yet Paid | $2.25亿 | $1.01亿 | +122.8% | $1.74亿 | $1.84亿 | -5.4% |
| Cash | $15.7亿 | – | – | $17.2亿 | $12.2亿 | +40.8% |
| Cash and Cash Equivalents, at Carrying Value | $69亿 | $70.2亿 | -1.7% | $75.6亿 | $74.6亿 | +1.3% |
| Cash and Cash Equivalents, Fair Value Disclosure | $69亿 | – | – | $75.6亿 | $74.6亿 | +1.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $69亿 | $70.2亿 | -1.7% | $75.6亿 | $74.6亿 | +1.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$6.6亿 | -$4.4亿 | -50.0% | $9900万 | -$24亿 | +104.1% |
| Common Stock, Dividends, Per Share, Declared | $0.41 | $0.40 | +2.5% | $1.63 | $1.57 | +3.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $8.14亿 | $6.77亿 | +20.2% | $32.3亿 | $29.1亿 | +10.9% |
| Contract with Customer, Asset, after Allowance for Credit Loss | $0 | $0 | – | – | – | – |
| Contract with Customer, Refund Liability, Current | $11亿2026-05-31 | $12.8亿 | -13.9% | $11亿 | $12.8亿 | -13.9% |
| Cost of Goods and Services Sold | $64.2亿 | $67.8亿 | -5.3% | $265亿 | $265亿 | -0.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $4.43亿 | $3.58亿 | +23.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $3.45亿 | $4.75亿 | -27.4% |
| Current Income Tax Expense (Benefit) | – | – | – | $8.88亿 | $9.54亿 | -6.9% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1亿 | $1.21亿 | -17.4% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $8.66亿 | $9.69亿 | -10.6% | $8.74亿 | $9.11亿 | -4.1% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $5.99亿 | $5.82亿 | +2.9% | $5.9亿 | $7.76亿 | -24.0% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent | $14.7亿 | $15.5亿 | -5.5% | $14.6亿 | $16.9亿 | -13.2% |
| Decrease in Unrecognized Tax Benefits is Reasonably Possible | $1.84亿 | $2.28亿 | -19.3% | $1.84亿 | $2.49亿 | -26.1% |
| Deferred Compensation Liability, Classified, Noncurrent | $12.5亿2026-05-31 | $11亿 | +13.7% | $12.5亿 | $11亿 | +13.7% |
| Deferred Compensation Plan Assets | $13.5亿2026-05-31 | $11.2亿 | +19.9% | $13.5亿 | $11.2亿 | +19.9% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$2.62亿 | -$1.35亿 | -94.1% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $1.56亿 | -$1.41亿 | +210.6% |
| Deferred Income Tax Expense (Benefit) | -$6700万 | -$2500万 | -168.0% | -$9600万 | -$2.88亿 | +66.7% |
| Deferred Income Taxes and Other Assets, Noncurrent | $57.9亿 | $53.5亿 | +8.2% | $56.7亿 | $51.8亿 | +9.6% |
| Deferred Income Taxes and Other Liabilities, Noncurrent | $25.7亿 | $24亿 | +6.7% | $24.4亿 | $22.9亿 | +6.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $1000万 | -$1200万 | +183.3% |
| Deferred Tax Assets, Gross | $35亿2026-05-31 | $33.2亿 | +5.5% | $35亿 | $33.2亿 | +5.5% |
| Deferred Tax Assets, Inventory | $9000万2026-05-31 | $9800万 | -8.2% | $9000万 | $9800万 | -8.2% |
| Deferred Tax Assets, Net | $25.9亿2026-05-31 | $25.4亿 | +2.0% | $25.9亿 | $25.4亿 | +2.0% |
| Deferred Tax Assets, Net of Valuation Allowance | $33.1亿2026-05-31 | $32.7亿 | +1.3% | $33.1亿 | $32.7亿 | +1.3% |
| Deferred Tax Assets, Operating Loss Carryforwards | $9600万2026-05-31 | $7500万 | +28.0% | $9600万 | $7500万 | +28.0% |
| Deferred Tax Assets, Other | $2.67亿2026-05-31 | $2.12亿 | +25.9% | $2.67亿 | $2.12亿 | +25.9% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation | $4.49亿2026-05-31 | $3.87亿 | +16.0% | $4.49亿 | $3.87亿 | +16.0% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $3.13亿2026-05-31 | $2.85亿 | +9.8% | $3.13亿 | $2.85亿 | +9.8% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $7000万2026-05-31 | $1.43亿 | -51.0% | $7000万 | $1.43亿 | -51.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Returns and Allowances | $1.75亿2026-05-31 | $2.05亿 | -14.6% | $1.75亿 | $2.05亿 | -14.6% |
| Deferred Tax Assets, Valuation Allowance | $1.92亿2026-05-31 | $5100万 | +276.5% | $1.92亿 | $5100万 | +276.5% |
| Deferred Tax Liabilities, Gross | $7.17亿2026-05-31 | $7.25亿 | -1.1% | $7.17亿 | $7.25亿 | -1.1% |
| Deferred Tax Liabilities, Leasing Arrangements | $3.43亿2026-05-31 | $3.77亿 | -9.0% | $3.43亿 | $3.77亿 | -9.0% |
| Deferred Tax Liabilities, Other | $1400万2026-05-31 | $400万 | +250.0% | $1400万 | $400万 | +250.0% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $2.31亿2026-05-31 | $2.25亿 | +2.7% | $2.31亿 | $2.25亿 | +2.7% |
| Deferred Tax Liabilities, Undistributed Foreign Earnings | $1.29亿2026-05-31 | $1.19亿 | +8.4% | $1.29亿 | $1.19亿 | +8.4% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-08-31, 10-K 2026-05-31, 10-Q 2026-02-28, 10-Q 2025-11-30, 10-Q 2025-08-31, 10-K 2025-05-31, 10-Q 2025-02-28, 10-Q 2024-11-30, 10-Q 2024-08-31
数据截至 2026-11-02