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Dick's Sporting Goods (DKS) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Consumer Cyclical•Specialty Retail
B
GoodMetricSide Score: 61/100
ProfitabilityProfit20/30
GrowthGrowth14/25
Balance SheetBalance23/25
Cash QualityCash4/20
Price & Volume
Market Cap $20.91B

DICK'S Sporting Goods, Inc., together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; and apparel. The company also offers footwear and accessories, such as athletic shoes for running, walking, tennis, fitness and cross training, basketball, and hiking; and specialty footwear comprising casual footwear and a complete line of cleats for team sports. In addition, it owns and operates Sporting Goods, Golf Galaxy, Public Lands, Moosejaw, and Going Going Gone! specialty concept stores; and DICK'S House of Sport and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile app for live streaming, scheduling, communications, and scorekeeping. Further, the company owns and operates Foot Locker, which includes Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos banners. It offers its products online, as well as through its mobile apps. The company was formerly known as Dick'S Clothing and Sporting Goods, Inc. and changed its name to DICK'S Sporting Goods, Inc. in April 1999. DICK'S Sporting Goods, Inc. was incorporated in 1948 and is headquartered in Coraopolis, Pennsylvania.

Moat Signals

Competitive analysis based on 62 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~8.8% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Strong Moat

Consistently high ROE averaging 29.5% suggests a durable competitive advantage and efficient capital allocation.

Cash Generation

Weak Moat

Only 4 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.

Demand Durability

Strong Moat

TTM revenue has grown consistently (7 of 7 quarters up), with ~43.2% growth over the period. Strong demand durability.

Risk Signals

Data-driven red flags and warnings across 62 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 40.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Leverage Risk

Healthy

D/E ratio is 0.3 — conservative capital structure with low financial risk.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Red Flag

Shares outstanding increased 10.1% — significant dilution, likely from stock compensation or capital raises.

Metrics at a Glance

as of May 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$19.20B
41.2%
Q. Revenue
$5.16B
TTM EBITDA
$1.83B
13.4%
TTM Op. Income
$1.18B
21.8%
Q. Op. Income
$450.65M
TTM Net Income
$904.77M
21.6%
Q. Net Income
$319.82M
EPS
$3.61
Shares Out.
$88.53M
11.6%
$19.20B in TTM revenue grew 41.2% YoY, reaching $5.16B last quarter. TTM EBITDA of $1.83B and TTM operating income of $1.18B shows growth is flowing through. Net income of $904.77M TTM confirms the company is converting revenue into profit. Revenue is growing at a healthy pace — a signal to hold.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
32.6%
11.2%
EBITDA Margin
11.7%
Op. Margin
8.7%
24.3%
Net Margin
6.2%
25.6%
Op. margin of 8.7% is down 2.8% YoY — costs are rising relative to revenue. Net margin at 6.2% and gross margin of 32.6% — earnings take a bigger bite when COGS stays lean..

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
23.1x
P/S Ratio
1.1x
P/B Ratio
3.7x
At 23.1x P/E, the stock trades in line with market averages — fairly valued. P/S of 1.1x and P/B of 3.7x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$17.83B
Cash
$998.23M
Long-Term Debt
$1.91B
Book Value
$5.60B
D/E Ratio
0.3
Debt/EBITDA
3.2
With $17.83B in assets and $1.91B in long-term debt, the D/E of 0.3and book value of $5.60B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$276.52M
Free Cash Flow
$-84.23M
2.8%
FCF Margin
-0.4%
FCF / Net Income
-0.3
FCF of $-84.23M on $276.52M in operating cash flow. The FCF / Net Income ratio of -0.1x shows cash consumption — the business is not yet self-funding.

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