Nike vs VF
Nike is the larger business, with $46.40bn of revenue in fiscal 2026 against $9.61bn for VF (4.8 times as much). VF grew faster (1.1% against 0.2%). Nike kept more of each dollar of sales as profit: a net margin of 6.7% against 2.7%.
| Latest fiscal year | NikeNKE, 2026 | VFVFC, 2026 |
|---|---|---|
| Revenue | $46.40bn | $9.61bn |
| Revenue growth | 0.2% | 1.1% |
| Net income | $3.11bn | $255m |
| Operating margin | — | — |
| Net margin | 6.7% | 2.7% |
| Return on equity | 22.1% | 15.3% |
| Free cash flow | $2.18bn | $557m |
| Cash | $7.56bn | $824m |
| Total debt | $7.94bn | $3.53bn |
| Debt to equity | 53.4% | — |
| Dividend per share | $1.63 | $0.36 |
| Dividend yield | 4.2% | 1.9% |
| Share buybacks | $146m | — |
| Employees | 73,000 | 27,000 |
| Market value | $56.76bn | $7.86bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 74 (Strong) | 51 (Moderate) |
| Insider trades, 12 months | 9 buys, 11 sales | 3 buys, 1 sales |