DICK'S SPORTING GOODS, INC.
$149.70
+4.04 (+2.77%) · delayed · Nov 13, 2026
Five-year price
52w $120.15 to $244.38
- Market cap
- $12.7B
- Enterprise value
- $11.4B
- P/E
- 15.0×
- 12.4× on 3y avg EPS
- EV / EBIT
- 10.4×
- FCF yield
- 3.1%
- ROIC
- 19.5%
- Debt / equity
- —
- Piotroski F
- 4/9
Value scorecard · FY2026
Does it pass the value tests?
Quality
83
- ●ROIC > 12% (5y avg)5y avg ROIC 100.7%
- ●ROE > 15% (5y avg)5y avg ROE 41.1%
- ●Stable operating marginsMargin volatility 3.3% (σ, 5y)
- ○Earnings convert to cashFCF / net income 64% (5y avg)
- ●Growing revenueRevenue CAGR 5y 12.4%
- ●Shrinking share countDiluted shares -8.1% over 5y
Value
40
- ○P/E below 15P/E 15.0
- ●EV/EBIT below 12EV/EBIT 10.4
- ○FCF yield above 6%FCF yield 3.1%
- ○Price below Graham NumberGraham Number $120.82
- ●P/B below 3P/B 2.3
Safety
75
- –Debt / equity below 0.5D/E n/a
- ●Debt payable in < 4 yrs of earningsNet debt $-1.4B
- ●Interest coverage > 8xCoverage 17.1x
- ●Current ratio > 1.5Current ratio 1.53
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
71
- ●Adequate size (revenue > $2B)Revenue $17.2B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.53
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 311%
- ●Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 12.4
- ○P/E × P/B ≤ 22.5Product 28.5
Valuation lab
What do you have to believe?
At $149.70, the market is pricing in about 10.3% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt −$1.4B · 85M shares · 5y revenue CAGR 12.4%
Intrinsic value
$167.86
Price
$149.70
Margin of safety
11%
What the price implies
The market is paying for 10.3% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
64% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,922 | 8,590 | 8,437 | 8,751 | 9,584 | 12,293 | 12,368 | 12,984 | 13,443 | 17,215 |
| Gross profit | 2,366 | 2,489 | 2,438 | 2,555 | 3,051 | 4,712 | 4,285 | 4,534 | 4,826 | 5,667 |
| Operating income | 450 | 478 | 445 | 376 | 741 | 2,035 | 1,463 | 1,282 | 1,474 | 1,096 |
| Operating margin | 5.7% | 5.6% | 5.3% | 4.3% | 7.7% | 16.5% | 11.8% | 9.9% | 11.0% | 6.4% |
| Pre-tax income | 458 | 501 | 432 | 408 | 712 | 1,994 | 1,384 | 1,318 | 1,519 | 1,142 |
| Income tax | 171 | 178 | 112 | 110 | 181 | 475 | 341 | 272 | 354 | 293 |
| Net income | 287 | 323 | 320 | 297 | 530 | 1,520 | 1,043 | 1,047 | 1,165 | 849 |
| EPS (diluted) | 2.56 | 3.01 | 3.24 | 3.34 | 5.72 | 13.87 | 10.78 | 12.18 | 14.05 | 9.97 |
| Diluted shares | 112 | 108 | 99 | 89 | 93 | 110 | 99 | 86 | 83 | 85 |
Who owns it