Nike Inc (NKE)
Net profit margin
| 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 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 5,700,000 | 5,231,000 | 5,299,000 | 5,052,000 | 5,070,000 | 5,478,000 | 5,634,000 | 5,640,000 | 6,046,000 | 6,116,000 | 6,169,000 | 6,083,000 | 5,727,000 | 3,428,000 | 2,826,000 | 2,690,000 | 2,539,000 | 4,318,000 | 4,572,000 | 4,304,000 |
| Revenue (ttm) | US$ in thousands | 51,426,000 | 51,604,000 | 51,565,000 | 51,492,000 | 51,217,000 | 50,639,000 | 49,120,000 | 47,162,000 | 46,696,000 | 46,785,000 | 46,271,000 | 46,157,000 | 44,591,000 | 38,480,000 | 38,227,000 | 37,310,000 | 37,282,000 | 41,210,000 | 40,717,000 | 49,139,000 |
| Net profit margin | 11.08% | 10.14% | 10.28% | 9.81% | 9.90% | 10.82% | 11.47% | 11.96% | 12.95% | 13.07% | 13.33% | 13.18% | 12.84% | 8.91% | 7.39% | 7.21% | 6.81% | 10.48% | 11.23% | 8.76% |
May 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $5,700,000K ÷ $51,426,000K
= 11.08%
Nike Inc's net profit margin has shown some fluctuations over the past 20 quarters. The net profit margin indicates the percentage of revenue that translates into profit after all expenses have been accounted for.
The net profit margin ranged from a low of 6.81% in February 2020 to a high of 13.33% in November 2021. It experienced a downward trend from August 2020 to August 2021, possibly due to increased expenses or lower revenue during that period. However, the margin showed signs of recovery from November 2021 to May 2022, with an increasing trend peaking at 13.33%.
From August 2022 to November 2023, the net profit margin fluctuated between 10.28% and 11.96%. It then decreased slightly to 10.14% in February 2024, before a small uptick to 11.08% in May 2024.
Overall, the net profit margin of Nike Inc has remained relatively healthy, staying above the industry average of around 10%. Investors and stakeholders typically view a higher net profit margin positively as it indicates efficient cost management and profitability.
Peer comparison
May 31, 2024