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Side-by-side financial comparison of Nike, Inc. (NKE) and T-Mobile US (TMUS). Click either name above to swap in a different company.
T-Mobile US is the larger business by last-quarter revenue ($23.1B vs $12.4B, roughly 1.9× Nike, Inc.). T-Mobile US runs the higher net margin — 10.8% vs 6.4%, a 4.5% gap on every dollar of revenue. On growth, T-Mobile US posted the faster year-over-year revenue change (10.6% vs 0.6%). T-Mobile US produced more free cash flow last quarter ($4.6B vs $386.0M). Over the past eight quarters, T-Mobile US's revenue compounded faster (8.1% 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
T-Mobile US, Inc. is an American wireless network operator headquartered in Bellevue, Washington. Its majority shareholder and namesake is the German telecommunications company Deutsche Telekom. T-Mobile is the second largest wireless carrier in the United States, with 140 million subscribers as of September 30, 2025.
NKE vs TMUS — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.4B | $23.1B |
| Net Profit | $792.0M | $2.5B |
| Gross Margin | 40.6% | — |
| Operating Margin | — | 20.8% |
| Net Margin | 6.4% | 10.8% |
| Revenue YoY | 0.6% | 10.6% |
| Net Profit YoY | -31.9% | -15.2% |
| EPS (diluted) | $0.53 | $2.27 |
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.
| Q1 26 | — | $23.1B | ||
| Q4 25 | $12.4B | $24.3B | ||
| Q3 25 | $11.7B | $22.0B | ||
| Q2 25 | $11.1B | $21.1B | ||
| Q1 25 | $11.3B | $20.9B | ||
| Q4 24 | $12.4B | $21.9B | ||
| Q3 24 | $11.6B | $20.2B | ||
| Q2 24 | $12.6B | $19.8B |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $792.0M | $2.1B | ||
| Q3 25 | $727.0M | $2.7B | ||
| Q2 25 | $211.0M | $3.2B | ||
| Q1 25 | $794.0M | $3.0B | ||
| Q4 24 | $1.2B | $3.0B | ||
| Q3 24 | $1.1B | $3.1B | ||
| Q2 24 | $1.5B | $2.9B |
| Q1 26 | — | — | ||
| 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 26 | — | 20.8% | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | 2.9% | 24.7% | ||
| Q1 25 | 7.5% | 23.0% | ||
| Q4 24 | 11.5% | 21.0% | ||
| Q3 24 | 11.3% | 23.8% | ||
| Q2 24 | 13.7% | 23.4% |
| Q1 26 | — | 10.8% | ||
| Q4 25 | 6.4% | 8.6% | ||
| Q3 25 | 6.2% | 12.4% | ||
| Q2 25 | 1.9% | 15.2% | ||
| Q1 25 | 7.0% | 14.1% | ||
| Q4 24 | 9.4% | 13.6% | ||
| Q3 24 | 9.1% | 15.2% | ||
| Q2 24 | 11.9% | 14.8% |
| Q1 26 | — | $2.27 | ||
| Q4 25 | $0.53 | $1.89 | ||
| Q3 25 | $0.49 | $2.41 | ||
| Q2 25 | $0.14 | $2.84 | ||
| Q1 25 | $0.54 | $2.58 | ||
| Q4 24 | $0.78 | $2.56 | ||
| Q3 24 | $0.70 | $2.61 | ||
| Q2 24 | $0.99 | $2.49 |
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 | $3.5B |
| Total DebtLower is stronger | — | $86.0B |
| Stockholders' EquityBook value | $14.1B | $55.9B |
| Total Assets | $37.8B | $214.7B |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $7.0B | $5.6B | ||
| Q3 25 | $7.0B | $3.3B | ||
| Q2 25 | $7.5B | $10.3B | ||
| Q1 25 | $8.6B | $12.0B | ||
| Q4 24 | $8.0B | $5.4B | ||
| Q3 24 | $8.5B | $9.8B | ||
| Q2 24 | $9.9B | $6.4B |
| Q1 26 | — | $86.0B | ||
| Q4 25 | — | $86.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | $8.0B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $78.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | $8.9B | — |
| Q1 26 | — | $55.9B | ||
| Q4 25 | $14.1B | $59.2B | ||
| Q3 25 | $13.5B | $60.5B | ||
| Q2 25 | $13.2B | $61.1B | ||
| Q1 25 | $14.0B | $61.1B | ||
| Q4 24 | $14.0B | $61.7B | ||
| Q3 24 | $13.9B | $64.3B | ||
| Q2 24 | $14.4B | $62.6B |
| Q1 26 | — | $214.7B | ||
| Q4 25 | $37.8B | $219.2B | ||
| Q3 25 | $37.3B | $217.2B | ||
| Q2 25 | $36.6B | $212.6B | ||
| Q1 25 | $37.8B | $214.6B | ||
| Q4 24 | $38.0B | $208.0B | ||
| Q3 24 | $37.9B | $210.7B | ||
| Q2 24 | $38.1B | $208.6B |
| Q1 26 | — | 1.54× | ||
| Q4 25 | — | 1.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.60× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.62× | — |
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 | $7.2B |
| Free Cash FlowOCF − Capex | $386.0M | $4.6B |
| FCF MarginFCF / Revenue | 3.1% | 19.9% |
| Capex IntensityCapex / Revenue | 1.6% | 0.0% |
| Cash ConversionOCF / Net Profit | 0.73× | 2.88× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $18.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.2B | ||
| Q4 25 | $579.0M | $6.7B | ||
| Q3 25 | $222.0M | $7.5B | ||
| Q2 25 | $463.0M | $7.0B | ||
| Q1 25 | $1.8B | $6.8B | ||
| Q4 24 | $1.0B | $5.5B | ||
| Q3 24 | $394.0M | $6.1B | ||
| Q2 24 | $2.6B | $5.5B |
| Q1 26 | — | $4.6B | ||
| Q4 25 | $386.0M | $4.2B | ||
| Q3 25 | $15.0M | $4.8B | ||
| Q2 25 | $363.0M | $4.6B | ||
| Q1 25 | $1.7B | $4.4B | ||
| Q4 24 | $920.0M | $3.3B | ||
| Q3 24 | $274.0M | $4.2B | ||
| Q2 24 | $2.4B | $3.5B |
| Q1 26 | — | 19.9% | ||
| Q4 25 | 3.1% | 17.2% | ||
| Q3 25 | 0.1% | 21.9% | ||
| Q2 25 | 3.3% | 21.7% | ||
| Q1 25 | 15.2% | 21.0% | ||
| Q4 24 | 7.4% | 15.3% | ||
| Q3 24 | 2.4% | 20.7% | ||
| Q2 24 | 19.1% | 17.6% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 1.6% | 10.1% | ||
| Q3 25 | 1.8% | 12.0% | ||
| Q2 25 | 0.9% | 11.3% | ||
| Q1 25 | 0.7% | 11.7% | ||
| Q4 24 | 1.0% | 10.1% | ||
| Q3 24 | 1.0% | 9.7% | ||
| Q2 24 | 1.7% | 10.3% |
| Q1 26 | — | 2.88× | ||
| Q4 25 | 0.73× | 3.16× | ||
| Q3 25 | 0.31× | 2.75× | ||
| Q2 25 | 2.19× | 2.17× | ||
| Q1 25 | 2.26× | 2.32× | ||
| Q4 24 | 0.90× | 1.86× | ||
| Q3 24 | 0.37× | 2.01× | ||
| Q2 24 | 1.75× | 1.89× |
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% |
TMUS
| Postpaid service revenues | $15.6B | 68% |
| Other | $7.5B | 32% |
