Net Profit Margin
since 2005
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- Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Analysis of Debt
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Calculation
Nike Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | = | 100 | × | ÷ | |||
| May 31, 2024 | = | 100 | × | ÷ | |||
| May 31, 2023 | = | 100 | × | ÷ | |||
| May 31, 2022 | = | 100 | × | ÷ | |||
| May 31, 2021 | = | 100 | × | ÷ | |||
| May 31, 2020 | = | 100 | × | ÷ | |||
| May 31, 2019 | = | 100 | × | ÷ | |||
| May 31, 2018 | = | 100 | × | ÷ | |||
| May 31, 2017 | = | 100 | × | ÷ | |||
| May 31, 2016 | = | 100 | × | ÷ | |||
| May 31, 2015 | = | 100 | × | ÷ | |||
| May 31, 2014 | = | 100 | × | ÷ | |||
| May 31, 2013 | = | 100 | × | ÷ | |||
| May 31, 2012 | = | 100 | × | ÷ | |||
| May 31, 2011 | = | 100 | × | ÷ | |||
| May 31, 2010 | = | 100 | × | ÷ | |||
| May 31, 2009 | = | 100 | × | ÷ | |||
| May 31, 2008 | = | 100 | × | ÷ | |||
| May 31, 2007 | = | 100 | × | ÷ | |||
| May 31, 2006 | = | 100 | × | ÷ | |||
| May 31, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
1 US$ in millions
The financial data indicates an overall upward trend in revenues over the examined period, though there are fluctuations in certain years. Revenues increased steadily from 13,740 million US dollars in 2005 to a peak of 51,362 million US dollars in 2024, with minor declines observed in 2019 and 2025. This suggests a generally strong and growing top line, albeit with occasional contractions possibly due to external or internal factors affecting sales performance.
Net income shows a less consistent pattern compared to revenues. It rose from 1,212 million US dollars in 2005 to 4,240 million in 2017, demonstrating significant growth. However, there is a sharp dip in 2018 to 1,933 million, followed by recovery and further increases reaching 5,727 million in 2022. Afterward, net income falls again in 2023 and markedly in 2025, suggesting volatility in profitability that may be attributed to changing cost structures, extraordinary items, or market conditions impacting margins and expenses.
Net profit margin exhibits variability throughout the years. Starting at 8.82% in 2005, it trends upwards to 12.34% in 2017, reflecting improved profitability relative to revenues. Notably, a significant drop to 5.31% occurs in 2018, mirroring the net income decline in the same year. Profit margins recover and peak at 12.94% in 2022 before trending downward again to 6.95% in 2025. This fluctuation in profitability margins suggests challenges in maintaining consistent cost management or pricing power over time.
In summary, while revenues have generally expanded, net income and profit margins display more pronounced volatility. The periods of decreased profitability and net income despite rising revenues may indicate rising costs, investments impacting earnings, or external pressures affecting operational efficiency. The recent downward shifts in both net income and margins warrant further investigation to identify underlying causes and address them to restore stable profit growth.
- Revenues
- Generally increased from 13.7 billion US dollars in 2005 to over 51 billion in 2024, with some slight declines in 2019 and 2025.
- Net Income
- Growth from 1.2 billion in 2005 to peaks above 5 billion, but with significant volatility including sharp declines in 2018 and 2025.
- Net Profit Margin
- Varied between approximately 5% and 13%, peaking in the early 2020s, but showing notable drops corresponding to reduced net income years.
Comparison to Competitors
Nike Inc., net profit margin, long-term trends, comparison to competitors
| Nike Inc. | lululemon athletica inc. | |
|---|---|---|
| May 31, 2025 | ||
| May 31, 2024 | ||
| May 31, 2023 | ||
| May 31, 2022 | ||
| May 31, 2021 | ||
| May 31, 2020 | ||
| May 31, 2019 | ||
| May 31, 2018 | ||
| May 31, 2017 | ||
| May 31, 2016 | ||
| May 31, 2015 | ||
| May 31, 2014 | ||
| May 31, 2013 | ||
| May 31, 2012 | ||
| May 31, 2011 | ||
| May 31, 2010 | ||
| May 31, 2009 | ||
| May 31, 2008 | ||
| May 31, 2007 | ||
| May 31, 2006 | ||
| May 31, 2005 |
Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Sector (Consumer Durables & Apparel)
Nike Inc., net profit margin, long-term trends, comparison to sector (consumer durables & apparel)
| Nike Inc. | Consumer Durables & Apparel | |
|---|---|---|
| May 31, 2025 | ||
| May 31, 2024 | ||
| May 31, 2023 | ||
| May 31, 2022 | ||
| May 31, 2021 | ||
| May 31, 2020 | ||
| May 31, 2019 | ||
| May 31, 2018 | ||
| May 31, 2017 | ||
| May 31, 2016 | ||
| May 31, 2015 | ||
| May 31, 2014 | ||
| May 31, 2013 | ||
| May 31, 2012 | ||
| May 31, 2011 | ||
| May 31, 2010 | ||
| May 31, 2009 | ||
| May 31, 2008 | ||
| May 31, 2007 | ||
| May 31, 2006 | ||
| May 31, 2005 |
Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).
Comparison to Industry (Consumer Discretionary)
Nike Inc., net profit margin, long-term trends, comparison to industry (consumer discretionary)
| Nike Inc. | Consumer Discretionary | |
|---|---|---|
| May 31, 2025 | ||
| May 31, 2024 | ||
| May 31, 2023 | ||
| May 31, 2022 | ||
| May 31, 2021 | ||
| May 31, 2020 | ||
| May 31, 2019 | ||
| May 31, 2018 | ||
| May 31, 2017 | ||
| May 31, 2016 | ||
| May 31, 2015 | ||
| May 31, 2014 | ||
| May 31, 2013 | ||
| May 31, 2012 | ||
| May 31, 2011 | ||
| May 31, 2010 | ||
| May 31, 2009 | ||
| May 31, 2008 | ||
| May 31, 2007 | ||
| May 31, 2006 | ||
| May 31, 2005 |
Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).