Edwyn
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $44,538 | $46,710 | $51,217 | $51,362 | $46,309 |
| Gross Profit | $19,962 | $21,479 | $22,292 | $22,887 | $19,790 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $5,727 | $6,046 | $5,070 | $5,700 | $3,219 |
Over the five-year period, Nike’s revenue generally trended upward from USD 44.5 billion in 2021 to a peak of approximately USD 51.4 billion in 2024. Gross profit displayed a similar pattern with an increase from USD 19.96 billion in 2021 to about USD 22.89 billion in 2024, before declining to roughly USD 19.79 billion in 2025. Notably, while operating income data is uniformly reported as zero across all years—suggesting possible reporting thresholds or aggregation choices—the net income figures offer a clearer view of profitability trends. Net income grew modestly from USD 5.73 billion in 2021 to a high of USD 6.05 billion in 2022, then dipped to USD 5.07 billion in 2023, moderately recovered to USD 5.70 billion in 2024, but experienced a sharp decline of roughly 43 percent to around USD 3.22 billion in 2025. This significant year-over-year drop in net income from 2024 to 2025 is a primary concern, indicating stress on profit margins despite relatively stable revenue numbers. The decline in both gross profit and net income in 2025 might be attributed to rising expenses, increased cost pressures, or changes in the product mix, though specifics lie beyond the provided data. Within the context of the competitive athletic apparel and footwear industry, Nike’s strong brand and market position have historically supported sustained revenue growth and profitability. However, the recent contraction in key profitability metrics suggests that operational adjustments or market shifts could be impacting financial sustainability. In summary, while Nike’s overall top-line performance remains solid, the abrupt decline in net income in 2025 calls for further scrutiny into cost management and strategic execution to ensure continued financial health.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.