NikeXTER:NKE -1.90%69 Net Margin % is 4.61% as of Feb. 2026, which is 57% below its 10-year median of 10.70. GuruFocus rates XTER:NKE with a GF Score™ of 69/100 and a GF Value™ of €65.98 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,043 Manufacturing - Apparel & Accessories companies, Nike ranks better than 64.05% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Nike's Net Income for the
three
months ended in Feb. 2026 was €440 Mil. Nike's Revenue for the
three
months ended in Feb. 2026 was €9,542 Mil. Therefore, Nike's net margin for the quarter that ended in Feb. 2026 was 4.61%.
The historical rank and industry rank for Nike's Net Margin % or its related term are showing as below:
XTER:NKE'
s Net Margin % Range Over the Past 10 Years
Min: 4.84 Med: 10.7 Max: 12.94
Current: 4.84
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Nike Net Margin % Related Terms
Nike Net Margin % Historical Data
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The historical data trend for Nike's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XTER:NKE vs DECK, ONON, BIRK: Net Margin % Comparison
For the Footwear & Accessories subindustry, Nike's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nike Net Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nike's Net Margin % distribution charts can be found below:
* The bar in red indicates where Nike's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nike (XTER:NKE) has a Net Margin % of 4.61% as of Feb. 2026. Net margin is the ratio of total net income to net sales. View historical data on Nike and its competitors. This is 57% below median its historical median of 10.70. Over the past decade, Nike's Net Margin % has ranged from 4.84 to 12.94. According to the industry distribution chart, Nike ranks #375 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 36%.
Is Nike's Net Margin % too high?
Nike's current Net Margin % of 4.61% is 57% below median its 10-year median of 10.70. Over the past 10 years, this metric has ranged from a low of 4.84 to a high of 12.94. The Manufacturing - Apparel & Accessories industry median Net Margin % is 2.60. Nike's value of 4.61% is 77.3% above this industry median. Based on the distribution chart, Nike ranks #375 out of 1043 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Nike has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nike's Net Margin % compare to DECK and ONON?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nike ranks #375 out of 1043 companies for Net Margin %. This puts Nike in the upper half of its industry. The industry median Net Margin % is 2.60. Nike's value of 4.61% is 77.3% above this benchmark. Historically, Nike's own Net Margin % has ranged from 4.84 to 12.94 over the past decade. While the company's 10-year median is 10.70 vs. the industry median of 2.60, Nike has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Manufacturing - Apparel & Accessories company?
The median Net Margin % among Manufacturing - Apparel & Accessories companies is 2.60, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nike's current Net Margin % of 4.61% is 77.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Nike and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Margin % is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nike's current Net Margin % is 4.61%, which is 57% below median its own 10-year median of 10.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nike stock overvalued right now?
Based on GuruFocus' analysis, Nike (XTER:NKE) is currently considered Possible Value Trap. The stock's GF Value™ is €65.98, compared to a current price of €37.34 — trading 43.4% below its estimated fair value. The current Net Margin % is 4.61%, which is 57% below median its 10-year median of 10.70 and 77.3% above the Manufacturing - Apparel & Accessories industry median of 2.60. Nike's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Nike (XTER:NKE), the current Net Margin % is 4.61% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nike (XTER:NKE) Overvalued in 2026?
Based on GuruFocus' analysis, Nike stock appears to be undervalued.
The current stock price of €37.34 is trading 43.4% below its estimated GF Value™ of €65.98.
GuruFocus considers Nike to be Possible Value Trap.
Key valuation signals for XTER:NKE:
Net Margin %: 4.61% (57% below median its 10-year median of 10.70)
GF Value™: €65.98 vs. price of €37.34 (43.4% below fair value)
Industry Position: 77.3% above the Manufacturing - Apparel & Accessories median (#375 of 1043)
No single metric tells the full story. See the XTER:NKE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nike is the largest athletic footwear and apparel brand in the world. Footwear generates about two-thirds of its sales. Key performance footwear categories include basketball, running, and football (soccer). Its brands include Nike, Jordan (premium athletic footwear and clothing), NikeSkims (women's athleisure), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores (including about 5,500 in China), and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
69GF Score
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