Nike Inc (NKE)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,465,000 | 5,583,000 | 6,062,000 | 5,824,000 | 5,915,000 | 6,162,000 | 6,379,000 | 6,246,000 | 6,675,000 | 7,120,000 | 7,169,000 | 7,295,000 | 6,937,000 | 4,186,000 | 3,698,000 | 3,338,000 | 3,115,000 | 5,180,000 | 5,238,000 | 4,981,000 |
| 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 |
| Operating profit margin | 10.63% | 10.82% | 11.76% | 11.31% | 11.55% | 12.17% | 12.99% | 13.24% | 14.29% | 15.22% | 15.49% | 15.80% | 15.56% | 10.88% | 9.67% | 8.95% | 8.36% | 12.57% | 12.86% | 10.14% |
May 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,465,000K ÷ $51,426,000K
= 10.63%
Nike Inc's operating profit margin has displayed some fluctuations over the past several quarters, ranging from a low of 8.36% in August 2020 to a high of 15.80% in August 2021. In the most recent quarter ending May 31, 2024, the operating profit margin stood at 10.63%.
Overall, the trend in the operating profit margin shows some variability but has generally been relatively stable, hovering around the 10-15% range. This indicates that Nike has been able to effectively manage its operating costs and generate profit from its core operations. However, the slight decline in the operating profit margin in recent quarters may warrant further monitoring to ensure the company's profitability remains sound.
Peer comparison
May 31, 2024