Nike Inc (NKE)
Operating profit margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,868,000 | 5,915,000 | 6,675,000 | 6,937,000 | 3,115,000 |
| Revenue | US$ in thousands | 51,500,000 | 51,430,000 | 46,736,000 | 44,676,000 | 37,380,000 |
| Operating profit margin | 11.39% | 11.50% | 14.28% | 15.53% | 8.33% |
May 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $5,868,000K ÷ $51,500,000K
= 11.39%
Nike Inc's operating profit margin has shown a fluctuating trend over the past five years. In 2020, the operating profit margin was at 8.33%, which then saw an increase to 15.53% in 2021. However, there was a decline in the operating profit margin in 2022 to 14.28%, followed by a further decrease to 11.50% in 2023 and 11.39% in 2024. This suggests that Nike's ability to generate profits from its core operations has weakened slightly in recent years. It is important for the company to closely monitor and manage its operating expenses to improve its profitability.
Peer comparison
May 31, 2024
Company name
Symbol
Operating profit margin
Nike Inc
NKE
11.39%
Crocs Inc
CROX
27.29%
Deckers Outdoor Corporation
DECK
21.63%