NIKE, Inc（NKE）の決算・業績分析
NIKE, Incの2025年有価証券報告書をAI分析。売上高$46.3B(-9.8%)。Consumer Discretionary。
目次
NIKE, Incの2025年度 業績サマリー
NIKE, Inc（証券コード: NKE）の2025年度決算・業績分析。売上高は$46.3B（前年比-9.8%）。純利益は$3.2B（前年比-43.5%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
NIKE, Incの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 4.9% YoY to $46.7B (XBRL), driven by NIKE Direct and wholesale channel performance.
- Net income increased 5.6% YoY to $6.0B (XBRL), with ROE reaching 47.4% (XBRL).
- Free cash flow (FCF) totaled $4.4B (XBRL), reflecting strong operating cash flow ($5.2B) and disciplined CapEx ($758M).
- Gross margin improved 110 basis points to 46.0% (10-K), despite inflationary pressures.
- Shareholder returns reached $5.9B (XBRL), including $4.0B in share repurchases and $1.8B in dividends.
NIKE, Incの売上高変化の要因
- •Total revenue reached $46.7B (XBRL), up 4.9% YoY. Growth was driven by NIKE Direct revenue ($21.5B) and wholesale channel performance. Strategic pricing and supply chain efficiency offset inflationary pressures (10-K). Segment-specific revenue figures are not disclosed in the XBRL data or 10-K text (N/A). Historical time series data shows revenue growth from $36.4B in FY2020 to $46.7B in FY2024 (XBRL).
NIKE, Incの営業利益変化の要因
- •Gross profit was $21.5B (XBRL) with a gross margin of 46.0% (XBRL), up 110 basis points YoY due to strategic pricing and lower freight costs (10-K). Operating income totaled $6.7B (XBRL) with a 14.3% margin, though a $443M restructuring charge (10-K) impacted profitability. Net income reached $6.0B (XBRL), up 5.6% YoY. Net margin was 12.9% (XBRL).
NIKE, Incの事業リスクと対応
Multi-year enterprise initiatives (e.g., cost savings programs) may fail or cause operational disruptions (10-K).
Intense competition in athletic/leisure product markets (10-K).
Challenges in innovation and maintaining product relevance (10-K).
Volatility in consumer preferences and demand (10-K).
Geopolitical and economic instability impacting global operations (10-K).
Regulatory, legal, and geopolitical risks including tariffs, exchange rate fluctuations, and litigation (10-K).
NIKE, Incの今後の見通し・業績予想
NIKE, Incの事業内容
NIKE, Inc. (NKE) designs, develops, and markets athletic footwear, apparel, equipment, accessories, and services globally (10-K). Its revenue model combines NIKE Direct operations (retail stores, digital platforms) and wholesale channels (distributors, licensees). Key segments include the NIKE Brand (core athletic products), Jordan Brand (basketball-focused offerings), Converse (casual footwear/apparel), licensed products, and digital services (fitness apps, retail experiences). NIKE is described as the largest seller of athletic footwear and apparel worldwide (10-K), though specific competitors are not named in the 10-K.
NIKE, IncのAI業績分析レポート（2024年度）
Annual Report Analysis: NIKE, Inc. (NKE) FY2024
Highlights
Business Overview
NIKE, Inc. designs, develops, and markets athletic footwear, apparel, equipment, accessories, and services globally (10-K). Its revenue model combines NIKE Direct operations (retail stores, digital platforms) and wholesale channels (distributors, licensees). Key segments include the NIKE Brand, Jordan Brand, Converse, licensed products, and digital services. NIKE is described as the largest seller of athletic footwear and apparel worldwide (10-K), though specific competitors are not named in the 10-K.
Revenue Analysis
Total revenue reached $46.7B (XBRL), up 4.9% YoY. Growth was driven by NIKE Direct revenue ($21.5B) and wholesale channel performance. Strategic pricing and supply chain efficiency offset inflationary pressures (10-K). Segment-specific revenue figures are not disclosed in the XBRL data or 10-K text (N/A). Historical time series data shows revenue growth from $36.4B in FY2020 to $46.7B in FY2024 (XBRL).
Profitability Analysis
Gross profit was $21.5B (XBRL) with a gross margin of 46.0% (XBRL), up 110 basis points YoY due to strategic pricing and lower freight costs (10-K). Operating income totaled $6.7B (XBRL) with a 14.3% margin, though a $443M restructuring charge (10-K) impacted profitability. Net income reached $6.0B (XBRL), up 5.6% YoY. Net margin was 12.9% (XBRL).
Balance Sheet Analysis
Total assets were $37.5B (XBRL) with equity of $12.8B (XBRL), resulting in an equity ratio of 34.0% (XBRL). Current assets exceeded current liabilities by 2.72x (current ratio: 2.72x). Long-term debt stood at $8.9B (XBRL), with net debt of $1.5B (0.2x EBITDA). Cash reserves totaled $7.4B (XBRL).
Cash Flow Analysis
Operating cash flow was $5.2B (XBRL), with free cash flow (FCF) of $4.4B (XBRL) after $758M in CapEx (XBRL). Investing activities totaled -$1.5B (XBRL), reflecting investments in ERP systems, data analytics, and demand sensing (10-K). Financing activities totaled -$4.8B (XBRL), including $1.8B in dividends and $4.0B in share repurchases (XBRL).
Working Capital Analysis
Cash conversion cycle (CCC) was 113 days (XBRL), with receivables days at 32 days, inventory days at 122 days, and payables days at 41 days (XBRL).
Risks
Outlook
Management highlights cautious consumer spending, inflationary cost pressures, supply chain management challenges, foreign currency impacts, and product lifecycle transitions as key factors expected to influence future results (10-K). No explicit forward-looking guidance is provided for FY2025 (N/A).
Consumer Discretionaryの企業一覧
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