EAT
Brinker International, Inc.
EAT has the edge over NIO overall, supported by stronger modeled upside and stronger valuation.
NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
EAT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
EAT's profitability and cash flow are currently healthy, and its revenue and balance sheet 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.
EAT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $127 | -35% |
| Forward | 14x | $198 | — |
| Current | 17x | $198 | — |
| Fair | 18x | $203 | +2.7% |
| Expensive | 31x | $356 | +80% |
Historical ranges are pointers, not guarantees.
EAT's PE is in its fair range at 17x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
EAT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for EAT, 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.
EAT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $14.08 | +24% |
| Q3 2026 | $11.34 | +18% |
| Q2 2026 | $10.87 | +31% |
| Q1 2026 | $10.21 | +41% |
| Q4 2025 | $9.90 | +72% |
| Q3 2025 | $9.65 | +137% |
| Q2 2025 | $8.32 | +145% |
| Q1 2025 | $7.23 | +112% |
| Q4 2024 | $5.75 | +67% |
EAT 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.
EAT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +9.4% |
| Q2 2026 | $1.5B | +5.1% |
| Q1 2026 | $1.5B | +3.2% |
| Q4 2025 | $1.5B | +6.9% |
| Q3 2025 | $1.3B | +18% |
| Q2 2025 | $1.5B | +21% |
| Q1 2025 | $1.4B | +27% |
| Q4 2024 | $1.4B | +26% |
EAT's revenue has grown year over year for 22 quarters in a row: $1.5B last quarter, up 9.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 10% | +1.5 points |
| Q2 2026 | 11% | +1.1 points |
| Q1 2026 | 11% | +0.3 points |
| Q4 2025 | 12% | +0.1 points |
| Q3 2025 | 8.7% | +3.8 points |
| Q2 2025 | 9.8% | +3.7 points |
| Q1 2025 | 11% | +4.8 points |
| Q4 2024 | 11% | +5.7 points |
EAT 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's revenue has grown year over year for seven quarters in a row: $4.8B last quarter, up 69% from the same quarter a year ago.
| 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.
EAT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $105.7M | +70% |
| Q2 2026 | $159.2M | +50% |
| Q1 2026 | $180.9M | +37% |
| Q4 2025 | $155.2M | -8.1% |
| Q3 2025 | $62.2M | +887% |
| Q2 2025 | $106.1M | +27% |
| Q1 2025 | $132.4M | +68% |
| Q4 2024 | $168.9M | +248% |
EAT 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.
EAT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -4% | -1.8M shares |
| 1 year | -6.1% | -2.8M shares |
| 3 years | -5.3% | -2.4M shares |
| 5 years | -8.5% | -4M shares |
| Available history | +13% | +4.9M shares |
EAT has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $165.2M |
| Q2 2026 | $100.5M |
| Q1 2026 | $108.4M |
| Q4 2025 | $100.5M |
| Q3 2025 | $134.5M |
| Q2 2025 | $3.9M |
| Q1 2025 | $1.1M |
| Q4 2024 | $10.4M |
EAT spent $475M 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.
EAT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2022 | 2.6x | Moderate |
| Q4 2021 | 2.8x | Moderate |
| Q3 2021 | 2.8x | Moderate |
| Q2 2021 | 2.6x | Moderate |
| Q1 2021 | 4.9x | High |
| Q4 2020 | 5.6x | High |
| Q3 2020 | 5.1x | High |
| Q2 2020 | 5.2x | High |
EAT's net debt is about 2.6 years of its operating earnings (EBITDA), down from 4.9 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.
EAT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.5 | Neutral |
| Stochastic | 31.9 | Neutral |
EAT's weekly RSI is 52 (neutral) and its Stochastic is 32 (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).
EAT PE vs Consumer Cyclical Sector
| Metric | EAT | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 3.3% below |
| PE % | 49 | 47 | 2 pts above |
EAT is trading at 17x earnings, in line with 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.
EAT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $200.8 | 1.6% below |
| 20 week MA | $206.9 | 4.5% below |
| 50 week MA | $172.6 | 15% above |
| 100 week MA | $160.5 | 23% above |
| 200 week MA | $106.7 | 85% above |
EAT 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.
EAT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.2 | $57.7 | +40% |
| 2021 | $57.7 | $37.3 | -35% |
| 2022 | $37.3 | $32.9 | -12% |
| 2023 | $32.9 | $43.2 | +31% |
| 2024 | $43.2 | $132.5 | +207% |
| 2025 | $132.5 | $149.6 | +13% |
| 2026 YTD | $149.6 | $197.6 | +32% |
EAT 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.