Nike Inc (NKE)
Gross profit margin
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 19,790,000 | 20,955,000 | 21,842,000 | 22,424,000 | 22,887,000 | 22,848,000 | 22,657,000 | 22,397,000 | 22,292,000 | 22,200,000 | 21,896,000 | 21,398,000 | 21,479,000 | 21,631,000 | 21,283,000 | 20,917,000 | 19,962,000 | 16,660,000 | 16,414,000 | 16,111,000 |
| Revenue (ttm) | US$ in thousands | 46,309,000 | 47,818,000 | 48,978,000 | 50,012,000 | 51,362,000 | 51,581,000 | 51,542,000 | 51,469,000 | 51,217,000 | 50,626,000 | 49,107,000 | 47,149,000 | 46,710,000 | 46,820,000 | 46,306,000 | 46,192,000 | 44,538,000 | 38,507,000 | 38,254,000 | 37,337,000 |
| Gross profit margin | 42.73% | 43.82% | 44.60% | 44.84% | 44.56% | 44.30% | 43.96% | 43.52% | 43.52% | 43.85% | 44.59% | 45.38% | 45.98% | 46.20% | 45.96% | 45.28% | 44.82% | 43.26% | 42.91% | 43.15% |
May 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $19,790,000K ÷ $46,309,000K
= 42.73%
The gross profit margin of Nike Inc. over the period from August 2020 to May 2025 demonstrates a pattern of moderate fluctuations within a relatively narrow range. Initially, the gross profit margin was approximately 43.15% as of August 2020, experiencing a slight decline to a low of 42.91% in November 2020. Subsequently, the margin maintained a steady upward trend, reaching a peak of approximately 46.20% in February 2022. This period reflects a period of improved profitability, possibly attributable to cost management and favorable pricing strategies.
Following the peak, the gross profit margin exhibited a gradual decline, settling around 43.52% in May 2023, with minor variations thereafter. The margin increased marginally to approximately 44.84% in August 2024 before declining slightly to 44.60% in November 2024. The most recent data indicates a decrease to approximately 42.73% in May 2025.
Overall, the gross profit margin for Nike Inc. has demonstrated resilience within a range generally between approximately 42.73% and 46.20%. This stability suggests effective control over cost of goods sold relative to revenue, although the modest fluctuations may also reflect changes in product mix, pricing strategies, supply chain costs, or global economic conditions affecting the cost structure and revenue streams. The recent decline towards the end of the observed period indicates a potential narrowing of profit margins, which may warrant further analysis to understand underlying causes.
Peer comparison
May 31, 2025