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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and Nike, Inc. (NKE). Click either name above to swap in a different company.
Nike, Inc. is the larger business by last-quarter revenue ($12.4B vs $8.1B, roughly 1.5× Athene Holding Ltd.). Athene Holding Ltd. runs the higher net margin — 6.4% vs 6.4%, a 0.1% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 0.6%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs -0.0%).
Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.
Nike often refers to:Nike, Inc., a major American producer of athletic shoes, apparel, and sports equipment Nike (mythology), a Greek goddess who personifies victory
ATHS vs NKE — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.1B | $12.4B |
| Net Profit | $523.0M | $792.0M |
| Gross Margin | — | 40.6% |
| Operating Margin | 16.9% | — |
| Net Margin | 6.4% | 6.4% |
| Revenue YoY | 115.1% | 0.6% |
| Net Profit YoY | -48.5% | -31.9% |
| EPS (diluted) | — | $0.53 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $8.1B | $12.4B | ||
| Q3 25 | $8.0B | $11.7B | ||
| Q2 25 | $5.4B | $11.1B | ||
| Q1 25 | $4.2B | $11.3B | ||
| Q4 24 | $3.8B | $12.4B | ||
| Q3 24 | $6.5B | $11.6B | ||
| Q2 24 | $4.7B | $12.6B | ||
| Q1 24 | $5.7B | $12.4B |
| Q4 25 | $523.0M | $792.0M | ||
| Q3 25 | $1.3B | $727.0M | ||
| Q2 25 | $464.0M | $211.0M | ||
| Q1 25 | $465.0M | $794.0M | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $625.0M | $1.1B | ||
| Q2 24 | $629.0M | $1.5B | ||
| Q1 24 | $1.2B | $1.2B |
| Q4 25 | — | 40.6% | ||
| Q3 25 | — | 42.2% | ||
| Q2 25 | — | 40.3% | ||
| Q1 25 | — | 41.5% | ||
| Q4 24 | — | 43.6% | ||
| Q3 24 | — | 45.4% | ||
| Q2 24 | — | 44.7% | ||
| Q1 24 | — | 44.8% |
| Q4 25 | 16.9% | — | ||
| Q3 25 | 26.8% | — | ||
| Q2 25 | 12.2% | 2.9% | ||
| Q1 25 | 22.3% | 7.5% | ||
| Q4 24 | 30.4% | 11.5% | ||
| Q3 24 | 25.7% | 11.3% | ||
| Q2 24 | 22.0% | 13.7% | ||
| Q1 24 | 31.1% | 11.3% |
| Q4 25 | 6.4% | 6.4% | ||
| Q3 25 | 15.7% | 6.2% | ||
| Q2 25 | 8.7% | 1.9% | ||
| Q1 25 | 11.1% | 7.0% | ||
| Q4 24 | 26.8% | 9.4% | ||
| Q3 24 | 9.6% | 9.1% | ||
| Q2 24 | 13.5% | 11.9% | ||
| Q1 24 | 20.8% | 9.4% |
| Q4 25 | — | $0.53 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | — | $0.14 | ||
| Q1 25 | — | $0.54 | ||
| Q4 24 | — | $0.78 | ||
| Q3 24 | — | $0.70 | ||
| Q2 24 | — | $0.99 | ||
| Q1 24 | — | $0.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $7.0B |
| Total DebtLower is stronger | $7.8B | — |
| Stockholders' EquityBook value | $20.5B | $14.1B |
| Total Assets | $442.2B | $37.8B |
| Debt / EquityLower = less leverage | 0.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.0B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $7.5B | ||
| Q1 25 | — | $8.6B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.5B | ||
| Q2 24 | — | $9.9B | ||
| Q1 24 | $15.3B | $9.0B |
| Q4 25 | $7.8B | — | ||
| Q3 25 | $7.9B | — | ||
| Q2 25 | $7.9B | $8.0B | ||
| Q1 25 | $6.3B | — | ||
| Q4 24 | $6.3B | — | ||
| Q3 24 | $5.7B | — | ||
| Q2 24 | $5.7B | $8.9B | ||
| Q1 24 | $5.7B | — |
| Q4 25 | $20.5B | $14.1B | ||
| Q3 25 | $20.4B | $13.5B | ||
| Q2 25 | $18.1B | $13.2B | ||
| Q1 25 | $17.5B | $14.0B | ||
| Q4 24 | $16.4B | $14.0B | ||
| Q3 24 | $17.4B | $13.9B | ||
| Q2 24 | $15.0B | $14.4B | ||
| Q1 24 | $14.8B | $14.2B |
| Q4 25 | $442.2B | $37.8B | ||
| Q3 25 | $429.9B | $37.3B | ||
| Q2 25 | $405.3B | $36.6B | ||
| Q1 25 | $381.5B | $37.8B | ||
| Q4 24 | $363.3B | $38.0B | ||
| Q3 24 | $355.0B | $37.9B | ||
| Q2 24 | $332.6B | $38.1B | ||
| Q1 24 | $320.6B | $37.4B |
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.43× | 0.60× | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.38× | 0.62× | ||
| Q1 24 | 0.39× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $579.0M |
| Free Cash FlowOCF − Capex | — | $386.0M |
| FCF MarginFCF / Revenue | — | 3.1% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 5.82× | 0.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $579.0M | ||
| Q3 25 | $636.0M | $222.0M | ||
| Q2 25 | $1.1B | $463.0M | ||
| Q1 25 | $426.0M | $1.8B | ||
| Q4 24 | $386.0M | $1.0B | ||
| Q3 24 | $780.0M | $394.0M | ||
| Q2 24 | $525.0M | $2.6B | ||
| Q1 24 | $185.0M | $2.1B |
| Q4 25 | — | $386.0M | ||
| Q3 25 | — | $15.0M | ||
| Q2 25 | — | $363.0M | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $920.0M | ||
| Q3 24 | — | $274.0M | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $1.9B |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 19.1% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | 5.82× | 0.73× | ||
| Q3 25 | 0.51× | 0.31× | ||
| Q2 25 | 2.28× | 2.19× | ||
| Q1 25 | 0.92× | 2.26× | ||
| Q4 24 | 0.38× | 0.90× | ||
| Q3 24 | 1.25× | 0.37× | ||
| Q2 24 | 0.83× | 1.75× | ||
| Q1 24 | 0.16× | 1.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATHS
Segment breakdown not available.
NKE
| Footwear | $7.7B | 62% |
| Apparel | $3.9B | 31% |
| Sporting Equipment | $550.0M | 4% |
| Converse Segment | $300.0M | 2% |
| Sales Channel Other | $9.0M | 0% |
