vs
Side-by-side financial comparison of Nike, Inc. (NKE) and Smurfit Westrock (SW). Click either name above to swap in a different company.
Nike, Inc. is the larger business by last-quarter revenue ($12.4B vs $7.6B, roughly 1.6× Smurfit Westrock). Nike, Inc. runs the higher net margin — 6.4% vs 1.3%, a 5.1% gap on every dollar of revenue. On growth, Nike, Inc. posted the faster year-over-year revenue change (0.6% vs 0.5%). Smurfit Westrock produced more free cash flow last quarter ($612.0M vs $386.0M). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% 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
Smurfit Westrock plc is an Irish company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.
NKE vs SW — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.4B | $7.6B |
| Net Profit | $792.0M | $97.0M |
| Gross Margin | 40.6% | 18.2% |
| Operating Margin | — | 5.1% |
| Net Margin | 6.4% | 1.3% |
| Revenue YoY | 0.6% | 0.5% |
| Net Profit YoY | -31.9% | -33.6% |
| EPS (diluted) | $0.53 | $0.18 |
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 | $7.6B | ||
| Q3 25 | $11.7B | $8.0B | ||
| Q2 25 | $11.1B | $7.9B | ||
| Q1 25 | $11.3B | $7.7B | ||
| Q4 24 | $12.4B | $7.5B | ||
| Q3 24 | $11.6B | $7.7B | ||
| Q2 24 | $12.6B | $3.0B | ||
| Q1 24 | $12.4B | $2.9B |
| Q4 25 | $792.0M | $97.0M | ||
| Q3 25 | $727.0M | $246.0M | ||
| Q2 25 | $211.0M | $-28.0M | ||
| Q1 25 | $794.0M | $384.0M | ||
| Q4 24 | $1.2B | $146.0M | ||
| Q3 24 | $1.1B | $-150.0M | ||
| Q2 24 | $1.5B | $132.0M | ||
| Q1 24 | $1.2B | $191.0M |
| Q4 25 | 40.6% | 18.2% | ||
| Q3 25 | 42.2% | 19.6% | ||
| Q2 25 | 40.3% | 19.1% | ||
| Q1 25 | 41.5% | 20.6% | ||
| Q4 24 | 43.6% | 19.1% | ||
| Q3 24 | 45.4% | 17.6% | ||
| Q2 24 | 44.7% | 23.3% | ||
| Q1 24 | 44.8% | 24.2% |
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | 2.9% | 3.2% | ||
| Q1 25 | 7.5% | 7.2% | ||
| Q4 24 | 11.5% | 5.3% | ||
| Q3 24 | 11.3% | 0.7% | ||
| Q2 24 | 13.7% | 8.2% | ||
| Q1 24 | 11.3% | 10.5% |
| Q4 25 | 6.4% | 1.3% | ||
| Q3 25 | 6.2% | 3.1% | ||
| Q2 25 | 1.9% | -0.4% | ||
| Q1 25 | 7.0% | 5.0% | ||
| Q4 24 | 9.4% | 1.9% | ||
| Q3 24 | 9.1% | -2.0% | ||
| Q2 24 | 11.9% | 4.4% | ||
| Q1 24 | 9.4% | 6.5% |
| Q4 25 | $0.53 | $0.18 | ||
| Q3 25 | $0.49 | $0.47 | ||
| Q2 25 | $0.14 | $-0.05 | ||
| Q1 25 | $0.54 | $0.73 | ||
| Q4 24 | $0.78 | $-0.12 | ||
| Q3 24 | $0.70 | $-0.30 | ||
| Q2 24 | $0.99 | $0.51 | ||
| Q1 24 | $0.77 | $0.73 |
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 | $892.0M |
| Total DebtLower is stronger | — | $13.4B |
| Stockholders' EquityBook value | $14.1B | $18.3B |
| Total Assets | $37.8B | $45.2B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.0B | $892.0M | ||
| Q3 25 | $7.0B | $851.0M | ||
| Q2 25 | $7.5B | $778.0M | ||
| Q1 25 | $8.6B | $797.0M | ||
| Q4 24 | $8.0B | $855.0M | ||
| Q3 24 | $8.5B | — | ||
| Q2 24 | $9.9B | $26.8K | ||
| Q1 24 | $9.0B | $108 |
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | $8.0B | $13.3B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | $8.9B | — | ||
| Q1 24 | — | — |
| Q4 25 | $14.1B | $18.3B | ||
| Q3 25 | $13.5B | $18.4B | ||
| Q2 25 | $13.2B | $18.3B | ||
| Q1 25 | $14.0B | $17.9B | ||
| Q4 24 | $14.0B | $17.4B | ||
| Q3 24 | $13.9B | $18.0B | ||
| Q2 24 | $14.4B | $14.5K | ||
| Q1 24 | $14.2B | $108 |
| Q4 25 | $37.8B | $45.2B | ||
| Q3 25 | $37.3B | $45.6B | ||
| Q2 25 | $36.6B | $45.7B | ||
| Q1 25 | $37.8B | $44.6B | ||
| Q4 24 | $38.0B | $43.8B | ||
| Q3 24 | $37.9B | $45.0B | ||
| Q2 24 | $38.1B | $26.8K | ||
| Q1 24 | $37.4B | $108 |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | 0.60× | 0.73× | ||
| Q1 25 | — | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| 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 | $1.2B |
| Free Cash FlowOCF − Capex | $386.0M | $612.0M |
| FCF MarginFCF / Revenue | 3.1% | 8.1% |
| Capex IntensityCapex / Revenue | 1.6% | 7.7% |
| Cash ConversionOCF / Net Profit | 0.73× | 12.32× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $579.0M | $1.2B | ||
| Q3 25 | $222.0M | $1.1B | ||
| Q2 25 | $463.0M | $829.0M | ||
| Q1 25 | $1.8B | $235.0M | ||
| Q4 24 | $1.0B | $781.0M | ||
| Q3 24 | $394.0M | $320.0M | ||
| Q2 24 | $2.6B | $340.0M | ||
| Q1 24 | $2.1B | $42.0M |
| Q4 25 | $386.0M | $612.0M | ||
| Q3 25 | $15.0M | $523.0M | ||
| Q2 25 | $363.0M | $307.0M | ||
| Q1 25 | $1.7B | $-242.0M | ||
| Q4 24 | $920.0M | $212.0M | ||
| Q3 24 | $274.0M | $-192.0M | ||
| Q2 24 | $2.4B | $163.0M | ||
| Q1 24 | $1.9B | $-166.0M |
| Q4 25 | 3.1% | 8.1% | ||
| Q3 25 | 0.1% | 6.5% | ||
| Q2 25 | 3.3% | 3.9% | ||
| Q1 25 | 15.2% | -3.2% | ||
| Q4 24 | 7.4% | 2.8% | ||
| Q3 24 | 2.4% | -2.5% | ||
| Q2 24 | 19.1% | 5.5% | ||
| Q1 24 | 15.4% | -5.7% |
| Q4 25 | 1.6% | 7.7% | ||
| Q3 25 | 1.8% | 7.6% | ||
| Q2 25 | 0.9% | 6.6% | ||
| Q1 25 | 0.7% | 6.2% | ||
| Q4 24 | 1.0% | 7.5% | ||
| Q3 24 | 1.0% | 6.7% | ||
| Q2 24 | 1.7% | 6.0% | ||
| Q1 24 | 1.1% | 7.1% |
| Q4 25 | 0.73× | 12.32× | ||
| Q3 25 | 0.31× | 4.61× | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | 2.26× | 0.61× | ||
| Q4 24 | 0.90× | 5.35× | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 1.75× | 2.58× | ||
| Q1 24 | 1.76× | 0.22× |
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% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
