DICK'S Sporting Goods, Inc.DKS
NYSE•Consumer Cyclical•Specialty Retail
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.
Dick's Sporting Goods Inc (DKS) reported trailing twelve months revenue of $19.20B as of May 2026, a 41.2% increase year-over-year. Quarterly revenue reached $5.16B, reflecting continued top-line momentum.
Dick's Sporting Goods Inc generated $904.77M in TTM net income, with quarterly EBITDA of $604.46M. The operating margin contracted from 11.5% to 8.7%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (8.7%) and net margin (6.2%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 8.3% a year ago, reflecting increased costs or interest expense.
DKS trades at a P/E of 22.0x (in line with broad market averages) and a P/S of 1.0x. The price-to-book ratio of 3.5x reflects a moderate premium to book value.
The company reported negative free cash flow of $-84.23M, indicating cash consumption over the period. The balance sheet shows $17.83B in total assets with $1.91B in long-term debt against $5.60B in stockholders equity for a debt-to-equity ratio of 0.3, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~8.8% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 29.5% suggests a durable competitive advantage and efficient capital allocation.
Only 4 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
TTM revenue has grown consistently (7 of 7 quarters up), with ~43.2% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 40.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.
D/E ratio is 0.3 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.
Shares outstanding increased 10.1% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation