BWA
BorgWarner Inc.
BWA has a slight edge over NIO overall, supported by lower modeled downside and stronger modeled upside.
NIO
NIO Inc.
NIO offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
BWA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Healthy |
BWA's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
NIO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Stable | |
| Unavailable |
NIO's revenue is currently strong, and its profitability and cash flow are stable. There isn't enough data to rate its balance sheet.
BWA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.1x | $50.99 | — |
| Cheap | 11x | $25.48 | -50% |
| Fair | 13x | $31.93 | -37% |
| Current | 21x | $50.99 | — |
| Expensive | 30x | $71.22 | +40% |
Historical ranges are pointers, not guarantees.
BWA's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 9.1x next year's earnings, in its cheap range.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
BWA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect BWA's earnings to grow and its profitability to improve, with its revenue holding steady.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over BWA on the outlook, with more favorable revenue expectations.
BWA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.60 | +135% |
| Q3 2026 | $2.38 | +240% |
| Q2 2026 | $2.03 | +101% |
| Q1 2026 | $1.72 | +30% |
| Q4 2025 | $1.28 | -15% |
| Q3 2025 | $0.70 | -82% |
| Q2 2025 | $1.01 | -68% |
| Q1 2025 | $1.32 | -50% |
| Q4 2024 | $1.50 | -44% |
BWA has the edge over NIO on earnings quality, reporting a profit while its opponent remains loss making.
NIO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.29 | +$1.45 |
| Q1 2026 | -$0.60 | +$1.16 |
| Q4 2025 | -$1.06 | +$0.60 |
| Q3 2025 | -$1.59 | +$0.02 |
| Q2 2025 | -$1.74 | -$0.10 |
| Q1 2025 | -$1.76 | +$0.06 |
| Q4 2024 | -$1.66 | +$0.21 |
| Q3 2024 | -$1.61 | +$0.32 |
NIO is still losing money, but far less than before: $0.29 per share over the past year, against $1.93 at its worst in late 2023.
BWA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.5B | -2.9% |
| Q2 2026 | $3.6B | +0.3% |
| Q1 2026 | $3.5B | +0.5% |
| Q4 2025 | $3.6B | +3.9% |
| Q3 2025 | $3.6B | +4.1% |
| Q2 2025 | $3.6B | +1% |
| Q1 2025 | $3.5B | -2.2% |
| Q4 2024 | $3.4B | -2.4% |
BWA's revenue fell from its 2023 peak and has held roughly level since: $3.5B last quarter, down 2.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.7% | +1.8 points |
| Q2 2026 | 10% | +2.2 points |
| Q1 2026 | 9.5% | +2.8 points |
| Q4 2025 | -6.7% | +2.5 points |
| Q3 2025 | 6.9% | -0.9 points |
| Q2 2025 | 7.9% | -0.3 points |
| Q1 2025 | 6.7% | -1.5 points |
| Q4 2024 | -9.2% | -17 points |
BWA has the edge over NIO on profitability, with a higher operating margin.
NIO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $4.8B | +69% |
| Q1 2026 | $3.8B | +112% |
| Q4 2025 | $5.2B | +76% |
| Q3 2025 | $3.3B | +17% |
| Q2 2025 | $2.9B | +9% |
| Q1 2025 | $1.8B | +21% |
| Q4 2024 | $3B | +15% |
| Q3 2024 | $2.8B | -2.1% |
NIO has the edge over BWA on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2.1% | +24 points |
| Q1 2026 | -1.2% | +52 points |
| Q4 2025 | 2.3% | +33 points |
| Q3 2025 | -16% | +12 points |
| Q2 2025 | -26% | +4 points |
| Q1 2025 | -53% | +1.1 points |
| Q4 2024 | -31% | +8.1 points |
| Q3 2024 | -28% | -2.6 points |
NIO's operating margin was −2.1% last quarter, up 24 points from the same quarter a year ago.
BWA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $195M | -24% |
| Q2 2026 | $490M | -2.4% |
| Q1 2026 | $9M | +$46M |
| Q4 2025 | $457M | -12% |
| Q3 2025 | $257M | +28% |
| Q2 2025 | $502M | +69% |
| Q1 2025 | -$37M | +$271M |
| Q4 2024 | $521M | -23% |
BWA generated $1.2B in free cash flow over the past year, down 7.4% from the year before.
NIO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | +$2.1B |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | +$391.3M |
| Q3 2025 | $0 | $0 |
| Q2 2025 | -$2.1B | +$73.9M |
| Q1 2025 | $0 | $0 |
| Q4 2024 | -$391.3M | -386% |
| Q2 2024 | -$2.2B | +$337.9M |
NIO's free cash flow was $0 over the past year, against −$2.5B the year before.
BWA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -1.7M shares |
| 1 year | -5.5% | -11.9M shares |
| 3 years | -13% | -30.7M shares |
| 5 years | -15% | -35.2M shares |
| Available history | -1.1% | -2.2M shares |
BWA has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $175M |
| Q2 2026 | $100M |
| Q1 2026 | $150M |
| Q4 2025 | $298M |
| Q3 2025 | $102M |
| Q2 2025 | $108M |
| Q1 2025 | — |
| Q4 2024 | $1M |
BWA spent $723M buying back its own shares over the past year, about three times what it spent the year before.
NIO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +15.6M shares |
| 1 year | +12% | +267M shares |
| 3 years | +51% | +844M shares |
| 5 years | +60% | +933M shares |
| Available history | +143% | +1.5B shares |
NIO has 2.5B diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
NIO hasn't bought back shares in the past year.
BWA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.0x | Healthy |
| Q4 2025 | 1.3x | Healthy |
| Q4 2024 | 1.7x | Healthy |
| Q3 2024 | 1.4x | Healthy |
| Q2 2024 | 1.4x | Healthy |
| Q1 2024 | 1.5x | Healthy |
| Q4 2023 | 1.2x | Healthy |
| Q3 2023 | 1.4x | Healthy |
BWA's net debt is about a year of its operating earnings (EBITDA), down from 1.4 years a year ago.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
BWA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.2 | Neutral |
| Stochastic | 8.4 | Oversold |
BWA's weekly RSI is 36 (neutral) and its Stochastic is 8 (oversold).
NIO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.7 | Neutral |
| Stochastic | 6.9 | Oversold |
NIO's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).
BWA PE vs Consumer Cyclical Sector
| Metric | BWA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 18x | 19% above |
| PE % | 71 | 47 | 24 pts above |
BWA is trading at 21x earnings, a 19% premium to the Consumer Cyclical sector's median of 18x.
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
BWA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $56.0 | 8.9% below |
| 20 week MA | $61.7 | 17% below |
| 50 week MA | $58.3 | 13% below |
| 100 week MA | $46.8 | 8.9% above |
| 200 week MA | $41.9 | 22% above |
BWA has the edge over NIO on trend strength, trading above more of its moving averages.
NIO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.36 | 9.2% below |
| 20 week MA | $4.01 | 24% below |
| 50 week MA | $4.81 | 37% below |
| 100 week MA | $4.85 | 37% below |
| 200 week MA | $6.03 | 49% below |
NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
BWA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $38.5 | $34.3 | -11% |
| 2021 | $34.3 | $38.4 | +12% |
| 2022 | $38.4 | $35.2 | -8.3% |
| 2023 | $35.2 | $35.9 | +1.9% |
| 2024 | $35.9 | $32.2 | -10% |
| 2025 | $32.2 | $45.6 | +42% |
| 2026 YTD | $45.6 | $51.0 | +12% |
BWA has the edge over NIO on returns for 2026, with the stronger performance.
NIO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $2.42 | $45.8 | +1791% |
| 2021 | $45.8 | $30.5 | -33% |
| 2022 | $30.5 | $11.0 | -64% |
| 2023 | $11.0 | $9.07 | -17% |
| 2024 | $9.07 | $4.48 | -51% |
| 2025 | $4.48 | $5.10 | +14% |
| 2026 YTD | $5.10 | $3.05 | -40% |
NIO's yearly returns have swung widely, from +1791% in 2020 to −64% in 2022. It's down 40% so far in 2026.