Stock Analysis on Net

Nike Inc. (NYSE:NKE)

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DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

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Two-Component Disaggregation of ROE

Nike Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Feb 28, 2025 = ×
Nov 30, 2024 = ×
Aug 31, 2024 = ×
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 = ×
May 31, 2019 = ×
Feb 28, 2019 = ×
Nov 30, 2018 = ×
Aug 31, 2018 = ×

Based on: 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2025 is the decrease in profitability measured by return on assets ratio (ROA).


Three-Component Disaggregation of ROE

Nike Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Feb 28, 2025 = × ×
Nov 30, 2024 = × ×
Aug 31, 2024 = × ×
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 = × ×
May 31, 2019 = × ×
Feb 28, 2019 = × ×
Nov 30, 2018 = × ×
Aug 31, 2018 = × ×

Based on: 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

The primary reason for the decrease in return on equity ratio (ROE) over Q3 2025 is the decrease in profitability measured by net profit margin ratio.


Two-Component Disaggregation of ROA

Nike Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Feb 28, 2025 = ×
Nov 30, 2024 = ×
Aug 31, 2024 = ×
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 = ×
May 31, 2019 = ×
Feb 28, 2019 = ×
Nov 30, 2018 = ×
Aug 31, 2018 = ×

Based on: 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

The primary reason for the decrease in return on assets ratio (ROA) over Q3 2025 is the decrease in profitability measured by net profit margin ratio.