Columbia Sportswear ( $COLM) vs Nike ($NKE): Stability Amid a Reset COLM is benefiting from a stronger balance sheet, resilient international sales, and a one-time tariff refund that lifted near-term profitability. NKE is trading near multi-year lows as management guides for a high-single-digit revenue decline and an extended turnaround timeline. The two names sit at opposite ends of the sentiment spectrum: COLM is stabilizing, while NKE is still resetting expectations. COLM offers a modest dividend and a debt-free balance sheet; NKE carries a higher dividend yield but faces more structural growth challenges.