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NIO Inc.

NIO

$3.62 ▼ -0.04 (-1.23%) at close

9 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

NIO Inc. faces fundamental challenges with weakness in Profit Margin (%) and Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $8.2B

Dividend Yield —

Revenue Growth 38.9% ↗

Op. Margin -16.0% ↗

ROIC -110.7% ↗

FCF / Share $0.19 ↗

Trailing P/E —

Price / Book 15.1x

FCF Yield 5.2%

Debt / Equity 3.20

info Valuation on last close. End-of-day price, Sep 24, 2026.

9-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$12.51B

↑ +38.9% —

Net Income Profit after all expenses

$-2.14B

↑ +30.4% —

Operating Margin Operating profit as % of sales

-16.0%

↑ +51.8% 12th

FCF / Share Free cash flow per share

$0.19

↑ +136.0% —

Long-Term Debt Long-term obligations

$1.23B

↓ -21.3% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Financial Health →

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Revenue Growth YoY (%)	38.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+456%)	15.0% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+114%)	9.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+38%)	26.0% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+271%)	127.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1723%)	121.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1638%)	56.1% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+701%)	—	—
EPS Growth YoY (%)	35.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	13.7% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-35.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-22.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—
Net Income Growth YoY (%)	30.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-5.2% Weak ↑ Weak Improving Year-over-year change in net income	-39.4% Weak ↑ Weak Improving Year-over-year change in net income	-232.1% Weak ↓ Weak Declining Year-over-year change in net income	22.5% Good ↑ Good Improving Year-over-year change in net income	49.9% Excellent Excellent Year-over-year change in net income	-15.7% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	-357.3% Weak Weak Year-over-year change in free cash flow	66.6% Excellent Excellent Year-over-year change in free cash flow	N/M	—	—	—	—	—
Revenue CAGR 3Y (%)	20.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	16.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	46.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	85.2% Excellent Excellent Compound annual revenue growth over 3 years	98.9% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	38.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	51.6% Excellent Excellent Compound annual revenue growth over 5 years	61.2% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Operating Margin (%) (%)	-16.0% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-234%)	-33.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-377%)	-40.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-439%)	-31.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-365%)	-12.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-204%)	-28.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-336%)	-141.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1280%)	-193.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1715%)	—
Effective Tax Rate (%) (%)	-0.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-17.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-313%)	-34.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-526%)	-37.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-566%)	-29.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-466%)	-11.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-239%)	-32.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-508%)	-144.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1904%)	-194.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2534%)	—
FCF Margin (%) (%)	3.4% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-11.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-2.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-7.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.0% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-111.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-159.8% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-0.20x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.35x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.07x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.27x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.49x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.37x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.77x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.82x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Return on Invested Capital (%)	-110.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-125.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-59.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-45.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-10.2% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-13.9% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-1296.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-120.1% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-11.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-20.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-19.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-16.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-5.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-8.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-76.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	-50.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	—	—	-81.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-506%)	-60.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-402%)	-11.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-158%)	-19.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-198%)	179.3% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+797%)	-141.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-805%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Debt to Equity (x)	3.20x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+300%)	2.88x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+260%)	0.71x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-11%)	0.63x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-22%)	0.43x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-46%)	0.28x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-66%)	-1.28x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-260%)	0.44x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	—
Interest Coverage (x)	-15.86x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-27.40x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-56.14x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-46.94x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-7.05x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-10.82x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-29.90x Weak Weak Operating income divided by interest expense Optimal: > 5x	-77.61x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$292.30M	$-295.73M	$-2.09B	$-719.50M	$-57.20M	$-4.74B	$1.03B	$-13.94M	—
Debt / EBITDA (x)	-1.93x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.07x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.94x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.17x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-5.37x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-2.10x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.80x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.33x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Revenue per Share (USD)	$5.50	$4.38	$4.61	$4.36	$3.61	—	—	—	—
Basic EPS, GAAP (USD)	$-0.98	$-1.51	$-1.75	$-1.29	$-1.05	—	—	—	—
Free Cash Flow per Share (USD)	$0.19	$-0.52	$-0.11	$-0.34	$0.20	—	—	—	—
Book Value per Share (USD)	$0.24	$0.39	$1.75	$2.08	$3.31	$2.73	$-0.85	—	—
Tangible Book Value per Share (USD)	$0.24	$0.39	$1.75	$2.08	$3.31	$2.73	$-0.85	—	—
Basic Weighted Avg Shares (shares)	2.27B	2.05B	1.70B	1.64B	1.57B	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Working Capital (USD)	$-278.78M	$-58.22M	$1.77B	$1.93B	$5.40B	$4.94B	$-656.56M	$520.14M	—
LT Debt (USD)	$1.23B	$1.57B	$1.84B	$1.58B	$1.53B	$910.08M	$1.03B	$169.88M	—
Total Equity (USD)	$594.79M	$817.48M	$3.60B	$3.46B	$5.45B	$4.16B	$-904.89M	$994.41M	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Sales/Revenue/Turnover (USD)	$12.51B	$9.01B	$7.83B	$7.14B	$5.67B	$2.49B	$1.12B	$720.12M	—
Depreciation Expense (USD)	$1.02B	$804.94M	$475.78M	$413.55M	$268.02M	$160.38M	$143.49M	$68.97M	—
Net Income, GAAP (USD)	$-2.14B	$-3.07B	$-2.92B	$-2.09B	$-630.35M	$-812.89M	$-1.62B	$-1.40B	—
Operating Cash Flow (USD)	$427.94M	$-1.08B	$-194.59M	$-560.52M	$308.57M	$298.99M	$-1.25B	$-1.15B	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 2 days ago 9 years · 9 quarters

NIO Inc.

Analytical Summary

9-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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