Nike Inc (NKE)
Net profit margin
| 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 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,508,000 | 4,886,000 | 5,301,000 | 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 |
| Revenue (ttm) | US$ in thousands | 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 | 37,403,000 |
| Net profit margin | 9.43% | 9.98% | 10.60% | 11.10% | 10.14% | 10.28% | 9.82% | 9.90% | 10.82% | 11.47% | 11.96% | 12.94% | 13.06% | 13.32% | 13.17% | 12.86% | 8.90% | 7.39% | 7.20% | 6.79% |
February 28, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,508,000K ÷ $47,818,000K
= 9.43%
The analysis of Nike Inc.'s net profit margin over the specified periods reveals several notable trends and fluctuations. Starting from May 31, 2020, the net profit margin was recorded at 6.79%, reflecting the company's performance amid the early stages of the COVID-19 pandemic. Throughout the subsequent periods, there was a consistent upward trajectory, reaching a peak of approximately 13.32% as of November 30, 2021. This significant increase suggests improved operational efficiency, increased demand, or favorable cost management during this period.
Following the peak in late 2021, the net profit margin exhibited a gradual decline, descending to approximately 10.82% by February 28, 2023. The downward trend continued into 2023, with the margin decreasing to around 9.43% by February 2025. The decline may reflect factors such as rising costs, increased competition, or strategic investments impacting profitability. However, within the observed period, there are slight recoveries; for instance, in May 2024, the margin increased back to 11.10%, and it remained relatively stable at that level through August 2024, before experiencing a slight decrease to 9.98% in November 2024.
Overall, Nike's net profit margin demonstrates a pattern of initial growth, reaching a peak in late 2021, followed by a gradual reduction in profitability over the subsequent years. The fluctuations highlight periods of operational improvement as well as headwinds affecting profit margins. The observed data indicate that while Nike maintained relatively strong profit margins relative to earlier years, recent periods have shown narrower margins, potentially reflecting increased operational costs or market dynamics impacting overall profitability.
Peer comparison
Feb 28, 2025