TTM
2.3%
YoY change
−5.83pp
Trough year (1991)
-5.0%
Peak year (2010)
14.9%
Latest annual
7.1%
FCF Margin history chart for NIKE (NKE) from 1989 to 2025
Latest: 7.1%
FCF Margin change chart for NIKE (NKE) from 1989 to 2025
Latest: −5.83pp
FCF Margin history table for NIKE (NKE) from 1989 to 2025
| 2025 | 7.1% | -5.83pp | ||
| 2024 | 12.9% | +3.37pp | ||
| 2023 | 9.5% | +0.03pp | ||
| 2022 | 9.5% | -3.90pp | ||
| 2021 | 13.4% | +9.65pp | ||
| 2020 | 3.7% | -8.49pp | ||
| 2019 | 12.2% | +1.44pp | ||
| 2018 | 10.8% | +3.41pp | ||
| 2017 | 7.4% | +1.35pp | ||
| 2016 | 6.0% | -6.11pp | ||
| 2015 | 12.1% | +4.51pp | ||
| 2014 | 7.6% | -1.81pp | ||
| 2013 | 9.4% | +3.87pp | ||
| 2012 | 5.6% | -1.28pp | ||
| 2011 | 6.9% | -8.02pp | ||
| 2010 | 14.9% | +8.20pp | ||
| 2009 | 6.7% | -1.31pp | ||
| 2008 | 8.0% | -1.60pp | ||
| 2007 | 9.6% | +0.67pp | ||
| 2006 | 8.9% | -0.64pp | ||
| 2005 | 9.6% | -1.05pp | ||
| 2004 | 10.6% | +3.78pp | ||
| 2003 | 6.8% | -1.24pp | ||
| 2002 | 8.1% | +4.50pp | ||
| 2001 | 3.6% | -0.21pp | ||
| 2000 | 3.8% | -2.79pp | ||
| 1999 | 6.6% | +6.45pp | ||
| 1998 | 0.1% | +1.68pp | ||
| 1997 | -1.6% | -3.31pp | ||
| 1996 | 1.8% | -0.36pp | ||
| 1995 | 2.1% | -10.58pp | ||
| 1994 | 12.7% | +8.42pp | ||
| 1993 | 4.3% | -5.41pp | ||
| 1992 | 9.7% | +14.71pp | ||
| 1991 | -5.0% | -6.80pp | ||
| 1990 | 1.8% | -5.66pp | ||
| 1989 | 7.4% | — |
- 20257.1%-5.83pp
- 202412.9%+3.37pp
- 20239.5%+0.03pp
- 20229.5%-3.90pp
- 202113.4%+9.65pp
- 20203.7%-8.49pp
- 201912.2%+1.44pp
- 201810.8%+3.41pp
- 20177.4%+1.35pp
- 20166.0%-6.11pp
- 201512.1%+4.51pp
- 20147.6%-1.81pp
- 20139.4%+3.87pp
- 20125.6%-1.28pp
- 20116.9%-8.02pp
- 201014.9%+8.20pp
- 20096.7%-1.31pp
- 20088.0%-1.60pp
- 20079.6%+0.67pp
- 20068.9%-0.64pp
- 20059.6%-1.05pp
- 200410.6%+3.78pp
- 20036.8%-1.24pp
- 20028.1%+4.50pp
- 20013.6%-0.21pp
- 20003.8%-2.79pp
- 19996.6%+6.45pp
- 19980.1%+1.68pp
- 1997-1.6%-3.31pp
- 19961.8%-0.36pp
- 19952.1%-10.58pp
- 199412.7%+8.42pp
- 19934.3%-5.41pp
- 19929.7%+14.71pp
- 1991-5.0%-6.80pp
- 19901.8%-5.66pp
- 19897.4%—
FCF Margin values are taken from NIKE's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at NIKE (NKE)
According to NIKE's latest reported financial statements, the company's latest reported free cash flow margin is 2.3%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of NIKE (NKE) free cash flow margin is 7.06% – contracted 5.8 percentage points year-over-year.
14.88% stands as the all-time-high annual free cash flow margin, posted in 2010, against a low of -5.01% during 1991.
NIKE FCF Margin by Year
NIKE FCF Margin 2025: 7.1%
NIKE free cash flow margin in 2025 was 7.06%, contracted 5.8 percentage points from 2024.
NIKE FCF Margin 2024: 12.9%
2024's free cash flow margin for NIKE came in at 12.88%, expanded 3.4 percentage points from 2023.
NIKE FCF Margin 2023: 9.5%
NIKE posted free cash flow margin of 9.51% in 2023, expanded 0.0 percentage points from 2022.
NIKE FCF Margin 2022: 9.5%
In 2022, NIKE reported free cash flow margin of 9.48%, contracted 3.9 percentage points from 2021.
NIKE FCF Margin 2021: 13.4%
NIKE free cash flow margin in 2021 was 13.39%.
See more financial history for NIKE (NKE).
Sector peers by FCF Margin
Consumer Cyclical peers of NIKE (NKE), ranked by their latest free cash flow margin
| 32.6% | |
| 25.6% | |
| 24.0% | |
| 8.9% | |
| 8.6% | |
| 7.2% | |
| -0.3% | |
| -4.9% |
- 25.6%
- 24.0%
- 8.6%
- 7.2%
- -0.3%
- -4.9%
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