DOO
BRP Inc.
DOO has the edge over NIO overall, supported by stronger modeled upside.
NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
DOO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
DOO's revenue, profitability and cash flow are currently healthy, and its balance sheet is 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.
DOO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.3x | $23.87 | -62% |
| Fair | 12x | $31.41 | -51% |
| Expensive | 25x | $63.60 | +0.2% |
| Current | 25x | $63.48 | — |
Historical ranges are pointers, not guarantees.
DOO's PE is 25x, but its earnings don't support one, so it isn't a reliable read right now.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
DOO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for DOO, with profitability improving.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
DOO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $2.57 | +$3.14 |
| Q1 2026 | $2.77 | +$4.85 |
| Q4 2025 | $0.18 | -90% |
| Q3 2025 | -$0.40 | -118% |
| Q2 2025 | -$0.57 | -111% |
| Q1 2025 | -$2.08 | -131% |
| Q4 2024 | $1.78 | -78% |
| Q3 2024 | $2.28 | -74% |
DOO 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.
DOO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.7B | +30% |
| Q1 2026 | $1.7B | +17% |
| Q4 2025 | $1.6B | +14% |
| Q3 2025 | $1.3B | +3.7% |
| Q2 2025 | $1.3B | -6.9% |
| Q1 2025 | $1.5B | -20% |
| Q4 2024 | $1.4B | -16% |
| Q3 2024 | $1.3B | -35% |
DOO's revenue is recovering but still below its 2023 peak: $1.7B last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.3% | +4.2 points |
| Q1 2026 | 9.4% | +4.1 points |
| Q4 2025 | 9% | +1.9 points |
| Q3 2025 | 4.8% | -2.6 points |
| Q2 2025 | 5.1% | -5.2 points |
| Q1 2025 | 5.3% | -7.4 points |
| Q4 2024 | 7.1% | -8.2 points |
| Q3 2024 | 7.4% | -6.4 points |
DOO 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 DOO 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.
DOO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $258.2M | +130% |
| Q1 2026 | $214.6M | +69% |
| Q4 2025 | $229.8M | +535% |
| Q3 2025 | $55.7M | +$93M |
| Q2 2025 | $112.5M | +422% |
| Q1 2025 | $127M | -48% |
| Q4 2024 | $36.2M | -61% |
| Q3 2024 | -$37.3M | -115% |
DOO has the edge over NIO on cash flow, with more consistent year-over-year improvement.
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.
DOO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -378K shares |
| 1 year | +0.6% | +418K shares |
| 3 years | -8.1% | -6.5M shares |
| 5 years | -16% | -13.7M shares |
| Available history | -24% | -23M shares |
DOO has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $31.3M |
| Q1 2026 | $35.4M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | $118.6M |
DOO spent $67M buying back its own shares over the past year, down 44% from 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.
DOO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 2.2x | Moderate |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.8x | Moderate |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 3.1x | Elevated |
| Q1 2025 | 3.8x | Elevated |
| Q4 2024 | 2.4x | Moderate |
| Q3 2024 | 2.4x | Moderate |
DOO's net debt is about 2.2 years of its operating earnings (EBITDA), down from 3.0 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.
DOO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.2 | Neutral |
| Stochastic | 61.1 | Neutral |
DOO's weekly RSI is 53 (neutral) and its Stochastic is 61 (neutral).
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).
DOO PE vs Consumer Cyclical Sector
| Metric | DOO | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 18x | 37% above |
| PE % | 83 | 47 | 36 pts above |
DOO is trading at 25x earnings, a 37% premium to the Consumer Cyclical sector's median of 18x, though its earnings don't support one.
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
DOO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $58.5 | 8.5% above |
| 20 week MA | $60.7 | 4.5% above |
| 50 week MA | $64.9 | 2.2% below |
| 100 week MA | $57.6 | 10% above |
| 200 week MA | $63.9 | 0.7% below |
DOO 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.
DOO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.5 | $66.0 | +45% |
| 2021 | $66.0 | $84.9 | +29% |
| 2022 | $84.9 | $75.4 | -11% |
| 2023 | $75.4 | $71.7 | -4.9% |
| 2024 | $71.7 | $50.3 | -30% |
| 2025 | $50.3 | $72.6 | +44% |
| 2026 YTD | $72.6 | $63.5 | -13% |
DOO 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.