What is DICK'S Sporting Goods' operating income?

DICK'S Sporting Goods' total operating income in 2025 was $1.10 billion, based on the following breakdown: Total Gross Profit: $5.67 billion Total Operating Expenses: $4.57 billion

DICK'S Sporting Goods (DKS) Financials

$139.33 +0.18 (+0.13%)

As of 09/4/2026 03:58 PM Eastern

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Annual Income Statements for DICK'S Sporting Goods

This table shows DICK'S Sporting Goods' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	330	287	323	320	297	530	1,520	1,043	1,047	1,165	849
Consolidated Net Income / (Loss)	330	287	323	320	297	530	1,520	1,043	1,047	1,165	849
Net Income / (Loss) Continuing Operations	330	287	323	320	297	530	1,520	1,043	1,047	1,165	849
Total Pre-Tax Income	531	458	501	432	408	712	1,994	1,384	1,318	1,519	1,142
Total Operating Income	535	450	478	445	376	741	2,035	1,463	1,282	1,474	1,096
Total Gross Profit	2,183	2,366	2,489	2,438	2,555	3,051	4,712	4,285	4,534	4,826	5,667
Total Revenue	7,271	7,922	8,591	8,437	8,751	9,584	12,293	12,368	12,984	13,443	17,215
Operating Revenue	7,271	7,922	8,591	8,437	8,751	9,584	12,293	12,368	12,984	13,443	17,215
Total Cost of Revenue	5,088	5,556	6,101	5,999	6,196	6,533	7,581	8,084	8,451	8,617	11,548
Operating Cost of Revenue	5,088	5,556	6,101	5,999	6,196	6,533	7,581	8,084	8,451	8,617	11,548
Total Operating Expenses	1,648	1,916	2,011	1,993	2,179	2,309	2,677	2,822	3,251	3,352	4,571
Selling, General & Admin Expense	1,613	1,876	1,982	1,987	2,174	2,299	2,664	2,800	3,184	3,294	4,338
Restructuring Charge	-	-	-	-	-	-	-	-	0.00	0.00	164
Other Special Charges / (Income)	35	40	29	6.47	5.27	11	13	22	68	57	69
Total Other Income / (Expense), net	-4.32	8.57	24	-13	32	-30	-40	-79	36	45	46
Interest Expense	4.01	5.86	8.05	10	17	49	58	95	58	53	64
Other Income / (Expense), net	-0.31	14	32	-2.57	49	19	18	16	94	98	110
Income Tax Expense	200	171	178	112	110	181	475	341	272	354	293
Basic Earnings per Share	$2.87	$2.59	$3.02	$3.27	$3.40	$6.29	$18.27	$13.43	$12.72	$14.48	$10.22
Weighted Average Basic Shares Outstanding	115.23M	111.10M	106.98M	97.74M	87.50M	84.26M	83.18M	77.67M	82.30M	80.47M	83.14M
Diluted Earnings per Share	$2.83	$2.56	$3.01	$3.24	$3.34	$5.72	$13.87	$10.78	$12.18	$14.05	$9.97
Weighted Average Diluted Shares Outstanding	116.79M	112.22M	107.59M	98.78M	89.07M	92.64M	109.58M	99.27M	85.93M	82.93M	85.14M
Weighted Average Basic & Diluted Shares Outstanding	115.10M	111M	107.10M	97.80M	86.94M	89.28M	79.85M	85.62M	82.45M	79.86M	89.04M
Cash Dividends to Common per Share	$0.55	$0.61	$0.68	$0.90	$1.10	$1.25	$7.10	$1.95	$4.00	$4.40	$4.85

This table shows DICK'S Sporting Goods' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026	8/1/2026
Net Income / (Loss) Attributable to Common Shareholders	296	275	362	228	300	264	381	75	128	320	315
Consolidated Net Income / (Loss)	296	275	362	228	300	264	381	75	128	320	315
Net Income / (Loss) Continuing Operations	296	275	362	228	300	264	381	75	128	320	315
Total Pre-Tax Income	395	342	482	297	397	348	510	104	180	446	438
Total Operating Income	372	331	470	286	387	366	452	93	185	451	441
Total Gross Profit	1,334	1,095	1,276	1,093	1,361	1,165	1,351	1,381	1,770	1,683	1,943
Total Revenue	3,876	3,018	3,474	3,057	3,894	3,175	3,647	4,168	6,226	5,165	5,587
Operating Revenue	3,876	3,018	3,474	3,057	3,894	3,175	3,647	4,168	6,226	5,165	5,587
Total Cost of Revenue	2,542	1,923	2,198	1,964	2,532	2,010	2,295	2,787	4,456	3,481	3,644
Operating Cost of Revenue	2,542	1,923	2,198	1,964	2,532	2,010	2,295	2,787	4,456	3,481	3,644
Total Operating Expenses	962	764	806	807	974	799	899	1,288	1,586	1,233	1,503
Selling, General & Admin Expense	957	743	797	791	964	786	879	1,119	1,555	1,164	1,447
Restructuring Charge	-	-	0.00	0.00	-	0.00	8.03	139	-	54	32
Other Special Charges / (Income)	5.43	21	8.93	17	11	13	12	31	13	15	23
Total Other Income / (Expense), net	23	12	12	11	10	-18	58	11	-4.48	-4.38	-2.34
Interest Expense	14	14	14	13	13	12	16	18	18	18	18
Other Income / (Expense), net	38	25	26	24	23	-6.26	74	30	13	13	16
Income Tax Expense	99	67	120	69	97	83	128	29	52	126	123
Basic Earnings per Share	$3.69	$3.42	$4.50	$2.83	$3.73	$3.33	$4.82	$0.88	$1.19	$3.61	$3.55
Weighted Average Basic Shares Outstanding	82.30M	80.58M	80.43M	80.40M	80.47M	79.34M	79.15M	85.07M	83.14M	88.54M	88.83M
Diluted Earnings per Share	$3.57	$3.30	$4.37	$2.75	$3.63	$3.24	$4.71	$0.86	$1.16	$3.54	$3.50
Weighted Average Diluted Shares Outstanding	85.93M	83.35M	82.81M	82.78M	82.93M	81.48M	81.04M	87.12M	85.14M	90.41M	90.13M
Weighted Average Basic & Diluted Shares Outstanding	82.45M	81.49M	81.41M	81.47M	79.86M	80.05M	80.10M	89.97M	89.04M	89.50M	88.93M

This table details how cash moves in and out of DICK'S Sporting Goods' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Net Change in Cash & Equivalents	-103	46	-64	12	-44	1,589	985	-719	-123	-111	-337
Net Cash From Operating Activities	650	769	746	713	405	1,553	1,617	922	1,527	1,312	1,537
Net Cash From Continuing Operating Activities	650	769	746	713	405	1,553	1,617	922	1,527	1,312	1,537
Net Income / (Loss) Continuing Operations	330	287	323	320	297	530	1,520	1,043	1,047	1,165	849
Consolidated Net Income / (Loss)	330	287	323	320	297	530	1,520	1,043	1,047	1,165	849
Depreciation Expense	194	234	243	307	336	326	323	365	394	400	489
Amortization Expense	-	-	-	0.00	0.00	22	31	4.25	2.36	2.33	12
Non-Cash Adjustments To Reconcile Net Income	196	214	138	7.11	11	71	-11	68	13	68	179
Changes in Operating Assets and Liabilities, net	-69	34	42	78	-239	604	-245	-559	72	-325	8.78
Net Cash From Investing Activities	-372	-550	-486	-198	-129	-224	-344	-393	-615	-797	-1,054
Net Cash From Continuing Investing Activities	-372	-550	-486	-198	-129	-224	-344	-393	-615	-797	-1,054
Purchase of Property, Plant & Equipment	-372	-432	-477	-198	-217	-224	-308	-364	-587	-803	-1,137
Acquisitions	0.00	-119	-8.96	-	-	-	-	-	0.00	0.00	257
Sale of Property, Plant & Equipment	-	-	0.00	0.00	49	0.00	9.67	14	28	12	0.00
Other Investing Activities, net	-	-	-	0.00	-1.30	-0.14	-45	-43	-55	-5.87	-174
Net Cash From Financing Activities	-381	-173	-324	-502	-320	260	-288	-1,248	-1,036	-626	-821
Net Cash From Continuing Financing Activities	-381	-173	-324	-502	-320	260	-288	-1,248	-1,036	-626	-821
Repayment of Debt	-1,339	-2,160	-2,745	-1,881	-2,096	-1,534	-16	-517	-0.96	0.00	-2.14
Repurchase of Common Equity	-357	-146	-285	-323	-402	0.00	-1,145	-458	-649	-263	-347
Payment of Dividends	-65	-68	-73	-89	-98	-107	-603	-163	-351	-362	-422
Other Financing Activities, net	42	41	-27	-84	14	-70	-21	-109	-35	-1.38	-50
Effect of Exchange Rate Changes	-0.11	0.05	0.05	-	0.00	0.07	-	-0.17	-0.08	-	1.74
Cash Interest Paid	3.31	4.98	8.60	9.32	16	21	23	69	57	51	53
Cash Income Taxes Paid	187	197	186	114	124	203	488	307	243	399	256

This table details how cash moves in and out of DICK'S Sporting Goods' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026	8/1/2026
Net Change in Cash & Equivalents	395	-152	43	-233	231	-654	195	-410	532	-355	-84
Net Cash From Operating Activities	763	232	394	54	632	178	558	-248	1,050	277	516
Net Cash From Continuing Operating Activities	763	232	394	54	632	178	558	-248	1,050	277	516
Net Income / (Loss) Continuing Operations	296	275	362	228	300	264	381	75	128	320	315
Consolidated Net Income / (Loss)	296	275	362	228	300	264	381	75	128	320	315
Depreciation Expense	123	91	98	101	110	98	106	128	157	154	160
Amortization Expense	0.58	0.58	0.58	0.59	0.59	0.59	5.19	4.44	1.49	1.51	1.52
Non-Cash Adjustments To Reconcile Net Income	149	49	15	-1.81	25	27	-0.29	101	52	28	65
Changes in Operating Assets and Liabilities, net	194	-184	-81	-274	196	-211	66	-557	711	-226	-26
Net Cash From Investing Activities	-181	-158	-209	-190	-239	-386	-263	-12	-393	-361	-393
Net Cash From Continuing Investing Activities	-181	-158	-209	-190	-239	-386	-263	-12	-393	-361	-393
Purchase of Property, Plant & Equipment	-178	-158	-215	-193	-237	-265	-261	-267	-344	-361	-383
Other Investing Activities, net	-3.45	-0.47	-3.07	-	-2.32	-121	-1.83	-2.29	-49	-0.03	-10
Net Cash From Financing Activities	-186	-226	-143	-97	-161	-447	-99	-146	-129	-267	-205
Net Cash From Continuing Financing Activities	-186	-226	-143	-97	-161	-447	-99	-146	-129	-267	-205
Repayment of Debt	-0.21	-	-	-	-	0.00	-	-	-0.72	-1.37	-0.65
Payment of Dividends	-81	-94	-89	-90	-89	-100	-104	-109	-108	-114	-111
Other Financing Activities, net	-106	-23	0.99	-0.28	21	-43	4.71	-36	24	-11	-94
Effect of Exchange Rate Changes	0.13	-0.06	-0.08	-0.05	-0.24	0.33	0.00	-2.44	3.85	-3.39	-1.97
Cash Interest Paid	28	0.50	26	-1.22	26	0.51	22	5.42	25	5.68	25
Cash Income Taxes Paid	87	6.63	181	119	93	7.07	138	92	19	16	123

This table presents DICK'S Sporting Goods' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Total Assets	3,559	4,058	4,204	4,187	6,629	7,753	9,042	8,992	9,312	10,459	17,411
Total Current Assets	1,813	1,996	2,006	2,122	2,410	3,760	5,107	4,963	4,890	5,418	7,105
Cash & Equivalents	119	165	101	114	69	1,658	2,643	1,924	1,801	1,690	1,353
Note & Lease Receivable	-	-	-	-	53	53	68	71	115	214	476
Inventories, net	1,527	1,639	1,711	1,825	2,202	1,954	2,298	2,831	2,849	3,350	4,908
Prepaid Expenses	100	115	129	140	79	88	96	128	121	159	299
Current Deferred & Refundable Income Taxes	5.43	2.31	4.43	6.14	5.76	6.40	1.98	8.19	4.11	4.92	68
Plant, Property, & Equipment, net	1,348	1,523	1,677	1,565	1,416	1,300	1,320	1,313	1,638	2,070	3,513
Total Noncurrent Assets	399	540	521	499	2,803	2,693	2,615	2,716	2,784	2,971	6,794
Goodwill	201	245	250	250	246	246	246	246	246	246	864
Intangible Assets	109	141	137	130	95	90	87	60	57	59	769
Noncurrent Deferred & Refundable Income Taxes	6.17	46	14	13	14	51	35	41	38	53	83
Other Noncurrent Operating Assets	83	108	120	106	2,448	2,306	2,248	2,369	2,443	2,614	5,079
Total Liabilities & Shareholders' Equity	3,559	4,058	4,204	4,187	6,629	7,753	9,042	8,992	9,312	10,459	17,411
Total Liabilities	1,770	2,129	2,262	2,283	4,897	5,413	6,940	6,468	6,694	7,260	11,871
Total Current Liabilities	1,192	1,397	1,425	1,505	2,076	2,550	2,713	2,641	2,752	3,080	4,644
Accounts Payable	678	756	843	890	1,002	1,258	1,281	1,206	1,289	1,498	1,987
Accrued Expenses	289	384	354	364	416	518	620	509	551	653	1,115
Current Deferred Revenue	184	204	212	230	226	260	317	350	365	395	529
Current Deferred & Payable Income Tax Liabilities	40	53	10	20	10	41	13	30	55	31	7.53
Other Current Liabilities	-	-	-	0.00	423	473	480	547	493	503	1,005
Total Noncurrent Liabilities	578	731	837	778	2,820	2,863	4,227	3,826	3,942	4,180	7,228
Long-Term Debt	5.32	4.68	60	0.00	224	418	1,931	1,541	1,483	1,484	1,905
Capital Lease Obligations	-	-	-	0.00	2,453	2,259	2,099	2,118	2,288	2,500	4,836
Noncurrent Deferred & Payable Income Tax Liabilities	6.45	0.00	10	12	9.19	-	-	-	-	0.00	204
Other Noncurrent Operating Liabilities	-	-	-	767	134	185	198	168	171	196	282
Total Equity & Noncontrolling Interests	1,789	1,929	1,942	1,904	1,732	2,340	2,102	2,525	2,617	3,198	5,540
Total Preferred & Common Equity	1,789	1,929	1,942	1,904	1,732	2,340	2,102	2,525	2,617	3,198	5,540
Total Common Equity	1,788	1,928	1,940	1,903	1,732	2,340	2,102	2,525	2,617	3,198	5,540
Common Stock	1,064	1,131	1,178	1,214	1,255	1,443	1,490	1,418	1,450	1,496	3,726
Retained Earnings	1,737	1,956	2,206	2,455	2,645	3,065	3,957	4,878	5,589	6,393	6,828
Treasury Stock	-1,013	-1,158	-1,443	-1,766	-2,168	-2,168	-3,345	-3,771	-4,421	-4,690	-5,031
Accumulated Other Comprehensive Income / (Loss)	-0.18	-0.13	-0.08	-0.12	-0.12	-0.05	-0.08	-0.25	-0.33	-0.76	18
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table presents DICK'S Sporting Goods' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	4/29/2023	7/29/2023	10/28/2023	5/4/2024	8/3/2024	11/2/2024	5/3/2025	8/2/2025	11/1/2025	5/2/2026	8/1/2026
Total Assets	9,108	9,357	9,282	9,705	9,936	10,452	10,435	10,691	17,427	17,833	18,245
Total Current Assets	4,943	5,022	4,944	5,162	5,181	5,536	5,031	5,054	7,351	7,270	7,320
Cash & Equivalents	1,643	1,902	1,406	1,649	1,692	1,459	1,036	1,231	821	998	914
Note & Lease Receivable	133	140	141	158	168	218	257	224	475	467	458
Inventories, net	3,034	2,851	3,283	3,201	3,178	3,726	3,569	3,404	5,641	5,419	5,565
Prepaid Expenses	117	115	105	150	131	126	165	165	352	327	290
Current Deferred & Refundable Income Taxes	16	14	9.12	3.74	11	7.81	4.14	30	63	59	93
Plant, Property, & Equipment, net	1,373	1,521	1,570	1,751	1,862	1,958	2,269	2,432	3,337	3,758	3,990
Total Noncurrent Assets	2,792	2,815	2,769	2,793	2,893	2,958	3,135	3,205	6,739	6,805	6,936
Goodwill	250	251	246	246	246	246	246	246	699	813	837
Intangible Assets	64	63	57	57	57	56	59	59	797	765	763
Noncurrent Deferred & Refundable Income Taxes	31	24	31	26	32	42	30	3.39	72	69	63
Other Noncurrent Operating Assets	2,447	2,477	2,435	2,464	2,559	2,613	2,801	2,897	5,171	5,157	5,273
Total Liabilities & Shareholders' Equity	9,108	9,357	9,282	9,705	9,936	10,452	10,435	10,691	17,427	17,833	18,245
Total Liabilities	6,434	6,713	6,898	7,018	7,011	7,388	7,382	7,336	11,907	12,229	12,520
Total Current Liabilities	2,525	2,776	2,989	3,022	2,921	3,218	3,112	2,980	4,677	4,844	4,929
Accounts Payable	1,220	1,321	1,630	1,476	1,427	1,700	1,543	1,402	2,135	2,181	2,246
Accrued Expenses	496	598	550	617	604	666	629	666	1,083	1,146	1,169
Current Deferred Revenue	298	305	282	341	342	323	361	372	453	486	488
Current Deferred & Payable Income Tax Liabilities	45	53	42	102	58	11	83	34	11	83	55
Other Current Liabilities	467	499	485	486	490	518	496	505	995	948	971
Total Noncurrent Liabilities	3,908	3,937	3,908	3,996	4,090	4,171	4,270	4,356	7,230	7,385	7,590
Long-Term Debt	1,483	1,483	1,483	1,483	1,484	1,484	1,484	1,485	1,905	1,906	1,906
Capital Lease Obligations	2,256	2,276	2,265	2,337	2,423	2,487	2,588	2,619	4,799	4,936	5,086
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	0.00	0.00	0.00	41	245	247	288
Other Noncurrent Operating Liabilities	170	178	160	175	183	199	198	212	281	296	310
Total Equity & Noncontrolling Interests	2,674	2,644	2,385	2,687	2,925	3,063	3,052	3,355	5,520	5,604	5,726
Total Preferred & Common Equity	2,674	2,644	2,385	2,687	2,925	3,063	3,052	3,355	5,520	5,604	5,726
Total Common Equity	2,674	2,644	2,385	2,687	2,925	3,063	3,052	3,355	5,520	5,604	5,726
Common Stock	1,407	1,420	1,432	1,449	1,464	1,472	1,484	1,503	3,705	3,736	3,666
Retained Earnings	5,097	5,256	5,375	5,773	6,046	6,183	6,559	6,843	6,809	7,036	7,239
Treasury Stock	-3,829	-4,032	-4,421	-4,535	-4,585	-4,591	-4,991	-4,991	-4,988	-5,173	-5,173
Accumulated Other Comprehensive Income / (Loss)	-0.35	-0.28	-0.46	-0.39	-0.47	-0.52	-0.43	-0.43	-6.58	4.58	-6.00
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from DICK'S Sporting Goods' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	89,968,906.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	89,968,906.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	9.44
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	333	282	308	329	274	552	1,550	1,103	1,018	1,131	815
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	17.84%	15.94%	15.74%	6.64%
Earnings before Interest and Taxes (EBIT)	535	464	509	442	425	761	2,052	1,479	1,376	1,572	1,206
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	728	698	752	749	760	1,108	2,406	1,849	1,772	1,975	1,707
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	274	188	173	444	-2,275	1,533	1,421	333	690	225	-4,621
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,676	1,770	1,906	1,791	4,340	3,359	3,488	4,259	4,587	5,493	10,929
Increase / (Decrease) in Invested Capital	59	94	136	-115	2,549	-980	129	770	328	906	5,436
Book Value per Share	$15.55	$17.12	$18.07	$19.36	$71.29	$26.11	$24.27	$30.27	$32.02	$39.25	$61.58
Tangible Book Value per Share	$12.85	$13.69	$14.46	$15.49	$57.26	$22.36	$20.43	$26.60	$28.32	$35.52	$43.43
Total Capital	1,795	1,935	2,007	1,904	4,409	5,017	6,131	6,183	6,388	7,183	12,282
Total Debt	5.91	5.33	65	0.00	2,677	2,678	4,030	3,658	3,771	3,985	6,742
Total Long-Term Debt	5.32	4.68	60	0.00	2,677	2,678	4,030	3,658	3,771	3,985	6,742
Net Debt	-113	-159	-36	-114	2,608	1,020	1,387	1,734	1,970	2,295	5,389
Capital Expenditures (CapEx)	372	432	477	198	168	224	299	350	560	791	1,137
Debt-free, Cash-free Net Working Capital (DFCFNWC)	503	434	485	504	264	-449	-249	397	336	648	1,108
Debt-free Net Working Capital (DFNWC)	622	599	586	618	334	1,209	2,394	2,322	2,138	2,338	2,461
Net Working Capital (NWC)	621	598	581	618	334	1,209	2,394	2,322	2,138	2,338	2,461
Net Nonoperating Expense (NNE)	2.69	-5.37	-15	9.49	-23	22	31	60	-28	-35	-34
Net Nonoperating Obligations (NNO)	-113	-159	-36	-114	2,608	1,020	1,387	1,734	1,970	2,295	5,389
Total Depreciation and Amortization (D&A)	194	234	243	307	336	348	353	370	396	403	500
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.87	$2.59	$3.02	$3.27	$3.40	$6.29	$18.27	$13.43	$12.72	$14.48	$10.22
Adjusted Weighted Average Basic Shares Outstanding	115.23M	111.10M	106.98M	97.74M	87.50M	84.26M	83.18M	77.67M	82.30M	80.47M	83.14M
Adjusted Diluted Earnings per Share	$2.83	$2.56	$3.01	$3.24	$3.34	$5.72	$13.87	$10.78	$12.18	$14.05	$9.97
Adjusted Weighted Average Diluted Shares Outstanding	116.79M	112.22M	107.59M	98.78M	89.07M	92.64M	109.58M	99.27M	85.93M	82.93M	85.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	114.92M	112.80M	104.60M	96.30M	86.94M	89.28M	79.85M	85.62M	82.45M	79.86M	89.04M
Normalized Net Operating Profit after Tax (NOPAT)	355	307	327	334	278	560	1,561	1,119	1,072	1,175	988
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from DICK'S Sporting Goods' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026	8/1/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	89,968,906.00	89,044,875.00	89,502,537.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	89,968,906.00	89,044,875.00	89,502,537.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	1.43	3.59	3.52
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.77%	6.20%	7.76%	0.49%	0.45%	5.18%	4.98%	36.33%	-	62.68%	53.21%
EBITDA Growth	17.33%	5.14%	39.03%	6.65%	-2.27%	2.24%	7.17%	-38.02%	-	35.09%	-3.06%
EBIT Growth	21.04%	3.75%	45.73%	9.54%	0.10%	1.03%	6.07%	-60.41%	-	28.89%	-13.25%
NOPAT Growth	22.03%	-11.97%	51.04%	7.36%	4.75%	4.61%	-4.18%	-69.43%	-	16.06%	-6.25%
Net Income Growth	25.81%	-9.64%	48.25%	13.28%	1.19%	-4.00%	5.29%	-66.99%	-	21.01%	-17.29%
EPS Growth	36.78%	-2.94%	54.96%	15.06%	1.68%	-1.82%	7.78%	-68.73%	-	9.26%	-25.69%
Operating Cash Flow Growth	-13.95%	578.96%	-46.83%	-23.96%	-17.19%	-23.16%	41.37%	-558.58%	-	55.31%	-7.50%
Free Cash Flow Firm Growth	90.87%	136.87%	-567.74%	-908.65%	-1,140.63%	-635.92%	-162.41%	-813.97%	-	-429.11%	-601.63%
Invested Capital Growth	7.71%	1.85%	14.19%	17.97%	19.75%	25.32%	21.17%	104.50%	-	88.02%	89.54%
Revenue Q/Q Growth	27.40%	-22.13%	15.08%	-11.99%	27.36%	-18.47%	14.87%	14.29%	-	-17.05%	8.18%
EBITDA Q/Q Growth	37.98%	-15.85%	32.56%	-30.70%	26.44%	-11.96%	38.94%	-59.92%	-	73.78%	-0.29%
EBIT Q/Q Growth	44.71%	-13.03%	39.21%	-37.48%	32.24%	-12.22%	46.15%	-76.66%	-	134.61%	-1.63%
NOPAT Q/Q Growth	36.53%	-4.64%	32.72%	-37.87%	33.21%	-4.77%	21.57%	-80.18%	-	145.53%	-1.80%
Net Income Q/Q Growth	47.40%	-7.13%	31.58%	-37.11%	31.67%	-11.90%	44.31%	-80.28%	-	149.20%	-1.36%
EPS Q/Q Growth	49.37%	-7.56%	32.42%	-37.07%	32.00%	-10.74%	45.37%	-81.74%	-	205.17%	-1.13%
Operating Cash Flow Q/Q Growth	970.78%	-69.62%	70.22%	-86.27%	1,066.06%	-71.81%	213.17%	-144.54%	-	-73.67%	86.52%
Free Cash Flow Firm Q/Q Growth	-163.47%	459.07%	-260.85%	-120.62%	2.63%	-55.11%	21.24%	-668.39%	-	5.06%	-4.44%
Invested Capital Q/Q Growth	-2.95%	5.92%	5.79%	8.48%	-1.49%	10.85%	2.29%	83.09%	-	4.75%	3.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.42%	36.29%	36.73%	35.77%	34.96%	36.70%	37.06%	33.13%	-	32.59%	34.78%
EBITDA Margin	13.74%	14.85%	17.11%	13.47%	13.37%	14.44%	17.46%	6.12%	-	11.99%	11.05%
Operating Margin	9.60%	10.96%	13.53%	9.36%	9.94%	11.53%	12.40%	2.23%	-	8.73%	7.89%
EBIT Margin	10.57%	11.80%	14.27%	10.14%	10.53%	11.34%	14.42%	2.95%	-	8.98%	8.17%
Profit (Net Income) Margin	7.65%	9.12%	10.43%	7.45%	7.70%	8.32%	10.46%	1.80%	-	6.19%	5.65%
Tax Burden Percent	74.98%	80.41%	75.10%	76.69%	75.51%	76.01%	74.81%	72.04%	-	71.66%	71.96%
Interest Burden Percent	96.53%	96.12%	97.27%	95.82%	96.91%	96.63%	96.94%	85.06%	-	96.22%	96.09%
Effective Tax Rate	25.02%	19.59%	24.90%	23.31%	24.49%	23.99%	25.19%	27.96%	-	28.34%	28.05%
Return on Invested Capital (ROIC)	21.13%	24.09%	28.27%	18.70%	20.02%	21.78%	22.48%	2.82%	-	13.70%	13.31%
ROIC Less NNEP Spread (ROIC-NNEP)	22.07%	24.53%	28.73%	19.05%	20.38%	21.24%	24.17%	3.02%	-	13.63%	13.28%
Return on Net Nonoperating Assets (RNNOA)	15.90%	19.52%	21.00%	16.97%	14.94%	19.27%	19.58%	2.95%	-	13.98%	13.09%
Return on Equity (ROE)	37.03%	43.61%	49.28%	35.67%	34.96%	41.05%	42.06%	5.77%	-	27.67%	26.40%
Cash Return on Invested Capital (CROIC)	15.59%	18.58%	9.62%	5.20%	4.46%	-1.59%	0.70%	-57.15%	-	-51.30%	-52.55%
Operating Return on Assets (OROA)	14.99%	16.51%	19.84%	13.80%	14.32%	15.31%	19.26%	3.14%	-	12.20%	11.94%
Return on Assets (ROA)	10.85%	12.76%	14.50%	10.14%	10.48%	11.24%	13.97%	1.93%	-	8.41%	8.25%
Return on Common Equity (ROCE)	37.03%	43.61%	49.28%	35.67%	34.96%	41.05%	42.06%	5.77%	-	27.67%	26.40%
Return on Equity Simple (ROE_SIMPLE)	0.00%	37.85%	38.81%	37.92%	0.00%	37.82%	0.00%	0.00%	-	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	279	266	353	219	292	278	338	67	132	323	317
NOPAT Margin	7.20%	8.81%	10.16%	7.18%	7.50%	8.77%	9.28%	1.61%	-	6.25%	5.68%
Net Nonoperating Expense Percent (NNEP)	-0.94%	-0.44%	-0.45%	-0.35%	-0.36%	0.54%	-1.69%	-0.19%	-	0.07%	0.04%
Return On Investment Capital (ROIC_SIMPLE)	4.37%	-	-	-	4.07%	3.91%	4.54%	0.55%	1.07%	2.59%	2.49%
Cost of Revenue to Revenue	65.58%	63.71%	63.27%	64.23%	65.04%	63.30%	62.94%	66.87%	-	67.41%	65.22%
SG&A Expenses to Revenue	24.68%	24.63%	22.93%	25.86%	24.75%	24.74%	24.10%	26.84%	-	22.54%	25.91%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Operating Expenses to Revenue	24.82%	25.33%	23.19%	26.41%	25.02%	25.17%	24.66%	30.90%	-	23.87%	26.89%
Earnings before Interest and Taxes (EBIT)	410	356	496	310	410	360	526	123	198	464	456
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	533	448	594	412	521	458	637	255	356	619	617
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.77	6.19	5.54	5.15	6.12	5.07	4.93	3.21	-	3.57	3.06
Price to Tangible Book Value (P/TBV)	5.40	6.97	6.18	5.71	6.76	5.63	5.43	4.41	-	4.97	4.25
Price to Revenue (P/Rev)	0.96	1.26	1.21	1.17	1.45	1.14	1.20	1.19	-	1.04	0.83
Price to Earnings (P/E)	11.94	16.35	14.29	13.57	16.78	13.41	14.10	17.37	-	22.11	20.90
Dividend Yield	2.62%	2.03%	2.11%	2.22%	1.83%	2.33%	2.24%	2.64%	-	2.18%	2.51%
Earnings Yield	8.38%	6.12%	7.00%	7.37%	5.96%	7.46%	7.09%	5.76%	-	4.52%	4.78%
Enterprise Value to Invested Capital (EV/IC)	3.15	3.87	3.59	3.28	3.98	3.04	3.12	2.07	-	2.26	2.00
Enterprise Value to Revenue (EV/Rev)	1.11	1.43	1.37	1.36	1.63	1.36	1.41	1.59	-	1.35	1.12
Enterprise Value to EBITDA (EV/EBITDA)	8.16	10.48	9.40	9.20	11.07	9.33	9.58	12.62	-	13.84	12.78
Enterprise Value to EBIT (EV/EBIT)	10.51	13.54	11.93	11.63	13.90	11.75	12.10	16.65	-	19.73	19.03
Enterprise Value to NOPAT (EV/NOPAT)	14.21	19.13	16.72	16.36	19.33	16.20	17.22	24.22	-	30.02	28.15
Enterprise Value to Operating Cash Flow (EV/OCF)	9.47	10.40	12.62	12.67	16.66	14.71	13.67	21.11	-	15.80	14.81
Enterprise Value to Free Cash Flow (EV/FCFF)	20.97	21.02	39.75	68.29	97.17	0.00	487.88	0.00	-	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.44	1.42	1.34	1.30	1.25	1.33	1.22	1.21	-	1.22	1.22
Long-Term Debt to Equity	1.44	1.42	1.34	1.30	1.25	1.33	1.22	1.21	-	1.22	1.22
Financial Leverage	0.72	0.80	0.73	0.89	0.73	0.91	0.81	0.98	-	1.03	0.99
Leverage Ratio	3.56	3.51	3.46	3.62	3.40	3.51	3.28	3.25	-	3.27	3.19
Compound Leverage Factor	3.44	3.37	3.37	3.47	3.29	3.39	3.18	2.76	-	3.14	3.06
Debt to Total Capital	59.03%	58.71%	57.19%	56.45%	55.47%	57.16%	55.02%	54.84%	-	54.97%	54.98%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Long-Term Debt to Total Capital	59.03%	58.71%	57.19%	56.45%	55.47%	57.16%	55.02%	54.84%	-	54.97%	54.98%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Common Equity to Total Capital	40.97%	41.29%	42.81%	43.55%	44.53%	42.84%	44.98%	45.16%	-	45.03%	45.02%
Debt to EBITDA	2.13	2.13	1.99	2.00	2.02	2.05	2.02	3.58	-	3.66	3.78
Net Debt to EBITDA	1.11	1.21	1.13	1.26	1.16	1.53	1.42	3.14	-	3.13	3.29
Long-Term Debt to EBITDA	2.13	2.13	1.99	2.00	2.02	2.05	2.02	3.58	-	3.66	3.78
Debt to NOPAT	3.70	3.89	3.54	3.55	3.52	3.56	3.64	6.87	-	7.95	8.34
Net Debt to NOPAT	1.93	2.21	2.01	2.25	2.03	2.66	2.55	6.03	-	6.79	7.25
Long-Term Debt to NOPAT	3.70	3.89	3.54	3.55	3.52	3.56	3.64	6.87	-	7.95	8.34
Altman Z-Score	3.78	4.00	4.03	3.76	4.15	3.78	3.93	2.50	-	2.86	2.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.78	1.71	1.77	1.72	1.76	1.62	1.70	1.57	-	1.50	1.49
Quick Ratio	0.70	0.60	0.64	0.52	0.62	0.42	0.49	0.28	-	0.30	0.28
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-49	178	-286	-630	-614	-952	-750	-5,760	-5,304	-5,036	-5,259
Operating Cash Flow to CapEx	428.68%	147.10%	191.65%	28.45%	266.47%	67.26%	213.35%	-92.94%	-	76.65%	134.76%
Free Cash Flow to Firm to Interest Expense	-3.48	12.84	-21.13	-48.68	-48.38	-78.41	-46.51	-314.07	-	-287.09	-294.71
Operating Cash Flow to Interest Expense	53.65	16.75	29.17	4.18	49.79	14.67	34.59	-13.54	-	15.76	28.90
Operating Cash Flow Less CapEx to Interest Expense	41.14	5.36	13.95	-10.52	31.10	-7.14	18.38	-28.11	-	-4.80	7.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.42	1.40	1.39	1.36	1.36	1.35	1.34	1.07	-	1.36	1.46
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Inventory Turnover	2.98	2.75	2.87	2.46	2.78	2.57	2.67	2.06	-	2.90	3.20
Fixed Asset Turnover	8.80	8.43	7.93	7.61	7.25	6.77	6.41	5.62	-	6.37	6.59
Accounts Payable Turnover	6.77	6.35	6.29	5.18	6.19	5.77	6.22	5.02	-	6.99	7.88
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Days Inventory Outstanding (DIO)	122.66	132.94	127.30	148.27	131.28	141.97	136.48	177.62	-	126.00	113.93
Days Payable Outstanding (DPO)	53.88	57.49	58.00	70.45	59.01	63.31	58.65	72.72	-	52.20	46.33
Cash Conversion Cycle (CCC)	68.78	75.45	69.29	77.82	72.27	78.66	77.83	104.90	-	73.80	67.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,587	4,859	5,140	5,576	5,493	6,089	6,228	11,403	10,929	11,447	11,804
Invested Capital Turnover	2.94	2.73	2.78	2.61	2.67	2.48	2.42	1.75	-	2.19	2.35
Increase / (Decrease) in Invested Capital	328	88	639	850	906	1,230	1,088	5,827	5,436	5,359	5,576
Enterprise Value (EV)	14,464	18,803	18,432	18,282	21,853	18,511	19,424	23,620	-	25,844	23,613
Market Capitalization	12,494	16,632	16,217	15,770	19,558	15,474	16,551	17,737	-	20,001	17,534
Book Value per Share	$32.02	$32.59	$35.89	$37.63	$39.25	$38.22	$41.91	$68.92	$61.58	$62.94	$63.97
Tangible Book Value per Share	$28.32	$28.93	$32.18	$33.91	$35.52	$34.41	$38.11	$50.24	$43.43	$45.21	$46.09
Total Capital	6,388	6,508	6,832	7,035	7,183	7,124	7,459	12,224	12,282	12,446	12,718
Total Debt	3,771	3,820	3,907	3,971	3,985	4,072	4,104	6,704	6,742	6,841	6,992
Total Long-Term Debt	3,771	3,820	3,907	3,971	3,985	4,072	4,104	6,704	6,742	6,841	6,992
Net Debt	1,970	2,171	2,215	2,513	2,295	3,036	2,873	5,882	5,389	5,843	6,079
Capital Expenditures (CapEx)	178	158	206	190	237	265	261	267	344	361	383
Debt-free, Cash-free Net Working Capital (DFCFNWC)	336	491	568	860	648	883	844	1,853	1,108	1,428	1,477
Debt-free Net Working Capital (DFNWC)	2,138	2,140	2,260	2,318	2,338	1,918	2,075	2,674	2,461	2,426	2,391
Net Working Capital (NWC)	2,138	2,140	2,260	2,318	2,338	1,918	2,075	2,674	2,461	2,426	2,391
Net Nonoperating Expense (NNE)	-17	-9.29	-9.19	-8.46	-7.76	14	-43	-8.15	3.20	3.14	1.69
Net Nonoperating Obligations (NNO)	1,970	2,171	2,215	2,513	2,295	3,036	2,873	5,882	5,389	5,843	6,079
Total Depreciation and Amortization (D&A)	123	92	98	102	111	98	111	132	159	155	161
Debt-free, Cash-free Net Working Capital to Revenue	2.59%	3.73%	4.23%	6.40%	4.82%	6.49%	6.12%	12.45%	-	7.44%	6.98%
Debt-free Net Working Capital to Revenue	16.46%	16.26%	16.85%	17.27%	17.39%	14.11%	15.06%	17.97%	-	12.63%	11.31%
Net Working Capital to Revenue	16.46%	16.26%	16.85%	17.27%	17.39%	14.11%	15.06%	17.97%	-	12.63%	11.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.69	$3.42	$4.50	$2.83	$3.73	$3.33	$4.82	$0.88	$1.19	$3.61	$3.55
Adjusted Weighted Average Basic Shares Outstanding	82.30M	80.58M	80.43M	80.40M	80.47M	79.34M	79.15M	85.07M	83.14M	88.54M	88.83M
Adjusted Diluted Earnings per Share	$3.57	$3.30	$4.37	$2.75	$3.63	$3.24	$4.71	$0.86	$1.16	$3.54	$3.50
Adjusted Weighted Average Diluted Shares Outstanding	85.93M	83.35M	82.81M	82.78M	82.93M	81.48M	81.04M	87.12M	85.14M	90.41M	90.13M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	82.45M	81.49M	81.41M	81.47M	79.86M	80.05M	80.10M	89.97M	89.04M	89.50M	88.93M
Normalized Net Operating Profit after Tax (NOPAT)	283	283	360	232	300	288	354	189	141	372	357
Normalized NOPAT Margin	7.30%	9.37%	10.36%	7.60%	7.71%	9.09%	9.69%	4.53%	-	7.21%	6.39%
Pre Tax Income Margin	10.20%	11.34%	13.89%	9.72%	10.20%	10.95%	13.98%	2.51%	-	8.64%	7.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	28.81	25.75	36.67	23.95	32.32	29.65	32.63	6.69	-	26.44	25.57
NOPAT to Interest Expense	19.63	19.23	26.11	16.94	23.04	22.93	20.99	3.66	-	18.41	17.77
EBIT Less CapEx to Interest Expense	16.30	14.36	21.45	9.24	13.64	7.84	16.42	-7.88	-	5.88	4.12
NOPAT Less CapEx to Interest Expense	7.11	7.84	10.89	2.24	4.35	1.12	4.77	-10.91	-	-2.15	-3.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	33.56%	33.51%	30.41%	30.45%	31.04%	31.82%	32.60%	39.38%	-	48.15%	52.76%
Augmented Payout Ratio	95.53%	102.27%	79.01%	45.10%	53.61%	71.50%	66.95%	78.21%	-	68.56%	74.77%

Financials Breakdown Chart

Key Financial Trends

DICK’S Sporting Goods (NYSE: DKS) posted a very strong Q1 2026, but the quarter also highlights a few balance-sheet and cash-flow items investors should watch closely. Revenue and earnings rose sharply year over year, while operating cash flow remained solidly positive. At the same time, free cash generation was pressured by elevated capital spending, heavy share repurchases, and ongoing dividend payments.

Revenue growth accelerated. Q1 2026 revenue rose to $5.16 billion from $3.17 billion in Q1 2025, showing a meaningful increase in top-line scale.
Profitability improved significantly. Net income climbed to $319.8 million from $264.3 million a year ago, while diluted EPS increased to $3.54 from $3.24.
Operating income expanded sharply. Q1 2026 operating income was $450.7 million versus $366.1 million in Q1 2025, indicating stronger core operating performance.
Operating cash flow remained healthy. DICK’S generated $276.5 million in cash from operations in Q1 2026, which supports ongoing investments and shareholder returns.
The company continues to return capital to shareholders. DKS repurchased $141.2 million of stock and paid $113.8 million in dividends during the quarter.
Cash on hand remains substantial. The company ended Q1 2026 with $998.2 million in cash and equivalents, giving it liquidity flexibility.
Gross margin appears solid, but expenses were also large. Gross profit reached $1.68 billion, yet SG&A remained over $1.16 billion, so execution on expense control will continue to matter.
Inventory is still a major balance-sheet item. Inventories were $5.42 billion at quarter-end, which is normal for a retailer but worth monitoring for merchandise and demand management.
Debt levels were broadly stable. Long-term debt was about $1.91 billion, while capital lease obligations remained sizable at $4.94 billion.
Free cash flow was negative after investing activity. Capital spending was $360.7 million in Q1 2026, exceeding operating cash flow and contributing to a $355.0 million decline in cash and equivalents.
Shareholder returns are consuming cash aggressively. Combined buybacks and dividends totaled more than $255 million in the quarter, which reduces balance-sheet flexibility when paired with high capex.
Cash and equivalents fell quarter over quarter. Cash declined from $1.23 billion in Q2 2025 and $1.46 billion in Q3 2025 to $998.2 million in Q1 2026.
Leverage is elevated relative to equity. Total liabilities of $12.23 billion versus total equity of $5.60 billion suggests a balance sheet that is meaningfully debt- and lease-heavy.

Bottom line: DICK’S Sporting Goods entered 2026 with strong earnings momentum and solid operating cash generation, which is encouraging for retail investors. However, the company is also spending heavily on stores and shareholder returns, and its cash balance has been trending lower. If sales growth holds up, the strategy looks sustainable; if operating momentum softens, the combination of capex, buybacks, dividends, and lease/debt obligations could become more of a constraint.

09/07/26 09:40 PM ETAI Generated. May Contain Errors.

DICK'S Sporting Goods Financials - Frequently Asked Questions

According to the most recent income statement we have on file, DICK'S Sporting Goods' financial year ends in January. Their financial year 2026 ended on January 31, 2026.

DICK'S Sporting Goods' net income appears to be on an upward trend, with a most recent value of $849.24 million in 2025, rising from $330.39 million in 2015. The previous period was $1.17 billion in 2024. See DICK'S Sporting Goods' forecast for analyst expectations on what's next for the company.

DICK'S Sporting Goods' total operating income in 2025 was $1.10 billion, based on the following breakdown:

Total Gross Profit: $5.67 billion
Total Operating Expenses: $4.57 billion

Over the last 10 years, DICK'S Sporting Goods' total revenue changed from $7.27 billion in 2015 to $17.22 billion in 2025, a change of 136.8%.

DICK'S Sporting Goods' total liabilities were at $11.87 billion at the end of 2025, a 63.5% increase from 2024, and a 570.6% increase since 2015.

In the past 10 years, DICK'S Sporting Goods' cash and equivalents has ranged from $69.33 million in 2019 to $2.64 billion in 2021, and is currently $1.35 billion as of their latest financial filing in 2025.

Over the last 10 years, DICK'S Sporting Goods' book value per share changed from 15.55 in 2015 to 61.58 in 2025, a change of 296.0%.

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Financial statements for NYSE:DKS last updated on 9/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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DICK'S Sporting Goods (DKS) Financials

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DICK'S Sporting Goods (DKS) Financials

Annual Income Statements for DICK'S Sporting Goods

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Quarterly Balance Sheets for DICK'S Sporting Goods

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Financials Breakdown Chart

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DICK'S Sporting Goods Financials - Frequently Asked Questions

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How has DICK'S Sporting Goods' revenue changed over the last 10 years?

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