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Side-by-side financial comparison of Nike, Inc. (NKE) and Sea Ltd (SE). Click either name above to swap in a different company.
Sea Ltd is the larger business by last-quarter revenue ($22.9B vs $12.4B, roughly 1.8× Nike, Inc.). Sea Ltd runs the higher net margin — 7.0% vs 6.4%, a 0.6% gap on every dollar of revenue. On growth, Sea Ltd posted the faster year-over-year revenue change (363.4% vs 0.6%). Over the past eight quarters, Sea Ltd's revenue compounded faster (147.8% CAGR vs -0.0%).
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
Sea Limited is a tech conglomerate headquartered in Singapore. It is listed on the New York Stock Exchange, with revenue of US$16.8 billion (2024). Sea currently functions as a holding company for Garena, Monee and Shopee, the largest e-commerce platform in Southeast Asia.
NKE vs SE — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.4B | $22.9B |
| Net Profit | $792.0M | $1.6B |
| Gross Margin | 40.6% | 44.7% |
| Operating Margin | — | 8.7% |
| Net Margin | 6.4% | 7.0% |
| Revenue YoY | 0.6% | 363.4% |
| Net Profit YoY | -31.9% | — |
| EPS (diluted) | $0.53 | $2.52 |
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 | $12.4B | $22.9B | ||
| Q3 25 | $11.7B | $6.0B | ||
| Q2 25 | $11.1B | $5.3B | ||
| Q1 25 | $11.3B | $4.8B | ||
| Q4 24 | $12.4B | $5.0B | ||
| Q3 24 | $11.6B | $4.3B | ||
| Q2 24 | $12.6B | $3.8B | ||
| Q1 24 | $12.4B | $3.7B |
| Q4 25 | $792.0M | $1.6B | ||
| Q3 25 | $727.0M | $375.0M | ||
| Q2 25 | $211.0M | $414.2M | ||
| Q1 25 | $794.0M | $-7.8M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.2B | $-23.0M |
| Q4 25 | 40.6% | 44.7% | ||
| Q3 25 | 42.2% | 43.4% | ||
| Q2 25 | 40.3% | 45.8% | ||
| Q1 25 | 41.5% | 46.2% | ||
| Q4 24 | 43.6% | — | ||
| Q3 24 | 45.4% | — | ||
| Q2 24 | 44.7% | — | ||
| Q1 24 | 44.8% | 41.6% |
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | 8.0% | ||
| Q2 25 | 2.9% | 9.3% | ||
| Q1 25 | 7.5% | 9.4% | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 13.7% | — | ||
| Q1 24 | 11.3% | 1.9% |
| Q4 25 | 6.4% | 7.0% | ||
| Q3 25 | 6.2% | 6.3% | ||
| Q2 25 | 1.9% | 7.9% | ||
| Q1 25 | 7.0% | -0.2% | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 11.9% | — | ||
| Q1 24 | 9.4% | -0.6% |
| Q4 25 | $0.53 | $2.52 | ||
| Q3 25 | $0.49 | $0.59 | ||
| Q2 25 | $0.14 | $0.65 | ||
| Q1 25 | $0.54 | $0.65 | ||
| 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 | $10.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $14.1B | $12.6B |
| Total Assets | $37.8B | $29.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.0B | $10.6B | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $7.5B | — | ||
| Q1 25 | $8.6B | — | ||
| Q4 24 | $8.0B | $8.6B | ||
| Q3 24 | $8.5B | — | ||
| Q2 24 | $9.9B | — | ||
| Q1 24 | $9.0B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $8.0B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $8.9B | — | ||
| Q1 24 | — | — |
| Q4 25 | $14.1B | $12.6B | ||
| Q3 25 | $13.5B | — | ||
| Q2 25 | $13.2B | — | ||
| Q1 25 | $14.0B | — | ||
| Q4 24 | $14.0B | $8.4B | ||
| Q3 24 | $13.9B | — | ||
| Q2 24 | $14.4B | — | ||
| Q1 24 | $14.2B | — |
| Q4 25 | $37.8B | $29.4B | ||
| Q3 25 | $37.3B | — | ||
| Q2 25 | $36.6B | — | ||
| Q1 25 | $37.8B | — | ||
| Q4 24 | $38.0B | $22.6B | ||
| Q3 24 | $37.9B | — | ||
| Q2 24 | $38.1B | — | ||
| Q1 24 | $37.4B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | — | — |
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 | $579.0M | $5.0B |
| Free Cash FlowOCF − Capex | $386.0M | — |
| FCF MarginFCF / Revenue | 3.1% | — |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 0.73× | 3.12× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $579.0M | $5.0B | ||
| Q3 25 | $222.0M | $3.5B | ||
| Q2 25 | $463.0M | $2.4B | ||
| Q1 25 | $1.8B | $756.9M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $394.0M | — | ||
| Q2 24 | $2.6B | — | ||
| Q1 24 | $2.1B | $468.5M |
| 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 | 0.73× | 3.12× | ||
| Q3 25 | 0.31× | 9.46× | ||
| Q2 25 | 2.19× | 5.73× | ||
| Q1 25 | 2.26× | — | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 1.75× | — | ||
| Q1 24 | 1.76× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
SE
Segment breakdown not available.
