ECX

ECARX Holdings, Inc.

There isn't enough reported data to score ECX yet.

NIO

NIO Inc.

56
Fundamentals77/ 100
Valuation50/ 100
Upside potential58/ 100
Risk potential27/ 100

NIO lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.

ECX Fundamentals

MetricStatus
Unavailable
Under pressure
Unavailable
Unavailable

ECX's profitability is currently under pressure. There isn't enough data to rate its revenue, cash flow and balance sheet.

NIO Fundamentals

MetricStatus
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.

ECX PE Valuation

ECX has no meaningful PE right now: it lost money over the past year.

NIO PE Valuation

NIO has no meaningful PE right now: it lost money over the past year.

ECX Forward outlook

MetricOutlook
--
Strong growth
Stable
Strongly improving
Limited
High

Analysts expect ECX's earnings to grow and its profitability to improve, with its revenue holding steady.

NIO Forward outlook

MetricOutlook
--
Losses shrinking
Growth
Strongly improving
Limited
Moderate

NIO has the edge over ECX on the outlook, with more favorable revenue expectations.

ECX Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $0.82 on Nov 12.

There is not enough scenario data to compare ECX and NIO's risk to reward.

NIO Risk to reward

ScenarioChangePrice
Upside+38%$4.21
Downside-27%$2.22

Calculated from the latest close: $3.05 on Nov 12.

There is not enough scenario data to compare ECX and NIO's risk to reward.

ECX Earnings Per Share

Q4 2021: $-4.58Q4 2022: $-1.19Q4 2023: $-0.42Q4 2024: $-0.42Q2 2025: $-0.36Q4 2025: $-0.20Forward: $0.61
Q4 2021: $-4.58Q4 2022: $-1.19Q4 2023: $-0.42Q4 2024: $-0.42Q2 2025: $-0.36Q4 2025: $-0.20Forward: $0.61
QuarterTTM EPSYoY
Forward$0.61—
Q4 2025-$0.20+$0.22
Q4 2024-$0.42$0.00
Q4 2023-$0.42+$0.77
Q4 2022-$1.19+$3.39

ECX is still losing money, but far less than before: $0.20 per share over the past year, against $4.58 at its worst in late 2021.

NIO Earnings Per Share

Q3 2023: $-1.93Q4 2023: $-1.87Q1 2024: $-1.82Q2 2024: $-1.64Q3 2024: $-1.61Q4 2024: $-1.66Q1 2025: $-1.76Q2 2025: $-1.74Q3 2025: $-1.59Q4 2025: $-1.06Q1 2026: $-0.60Q2 2026: $-0.29
Q3 2023: $-1.93Q4 2023: $-1.87Q1 2024: $-1.82Q2 2024: $-1.64Q3 2024: $-1.61Q4 2024: $-1.66Q1 2025: $-1.76Q2 2025: $-1.74Q3 2025: $-1.59Q4 2025: $-1.06Q1 2026: $-0.60Q2 2026: $-0.29
QuarterTTM EPSYoY
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 has the edge over ECX in the latest year-over-year earnings comparison.

ECX Quarterly Revenue

Q1 2021: $81MQ2 2021: $81MQ3 2021: $127MQ4 2021: $127MQ4 2022: $534MQ4 2023: $700MQ2 2024: $329MQ4 2024: $505MQ2 2025: $323MQ4 2025: $525M
Q1 2021: $81MQ2 2021: $81MQ3 2021: $127MQ4 2021: $127MQ4 2022: $534MQ4 2023: $700MQ2 2024: $329MQ4 2024: $505MQ2 2025: $323MQ4 2025: $525M
QuarterRevenueYoY
Q4 2025$524.6M+3.8%
Q2 2025$323.3M-1.9%
Q4 2024$505.1M-28%
Q4 2023$700.3M+31%
Q4 2022$533.8M+320%

ECX's revenue is growing: $525M last quarter, down 25% from the same quarter a year ago.

NIO Quarterly Revenue

Q3 2023: $2.9BQ4 2023: $2.6BQ1 2024: $1.5BQ2 2024: $2.6BQ3 2024: $2.8BQ4 2024: $3BQ1 2025: $1.8BQ2 2025: $2.9BQ3 2025: $3.3BQ4 2025: $5.2BQ1 2026: $3.8BQ2 2026: $4.8B
Q3 2023: $2.9BQ4 2023: $2.6BQ1 2024: $1.5BQ2 2024: $2.6BQ3 2024: $2.8BQ4 2024: $3BQ1 2025: $1.8BQ2 2025: $2.9BQ3 2025: $3.3BQ4 2025: $5.2BQ1 2026: $3.8BQ2 2026: $4.8B
QuarterRevenueYoY
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 ECX in the latest year-over-year revenue comparison.

ECX Free Cash Flow

Q1 2021: −$252,992Q2 2021: −$89,062Q3 2021: −$12,969Q4 2021: −$46,016Q4 2022: −$80MQ4 2023: −$196MQ2 2024: −$71MQ4 2024: −$11MQ2 2025: −$86MQ4 2025: −$20M
Q1 2021: −$252,992Q2 2021: −$89,062Q3 2021: −$12,969Q4 2021: −$46,016Q4 2022: −$80MQ4 2023: −$196MQ2 2024: −$71MQ4 2024: −$11MQ2 2025: −$86MQ4 2025: −$20M
QuarterFree cash flowYoY
Q4 2025-$20.1M-$9.3M
Q2 2025-$86.5M-$15.5M
Q4 2024-$10.8M+$185.1M
Q4 2023-$195.9M-$115.9M
Q4 2022-$80.1M-$80M

ECX has burned cash in almost every quarter: −$188M over the past year, against −$276M the year before.

NIO Free Cash Flow

Q3 2023: --Q4 2023: $137MQ1 2024: $0Q2 2024: −$2.2BQ3 2024: $0Q4 2024: −$391MQ1 2025: $0Q2 2025: −$2.1BQ3 2025: $0Q4 2025: $0Q1 2026: $0Q2 2026: $0
Q3 2023: --Q4 2023: $137MQ1 2024: $0Q2 2024: −$2.2BQ3 2024: $0Q4 2024: −$391MQ1 2025: $0Q2 2025: −$2.1BQ3 2025: $0Q4 2025: $0Q1 2026: $0Q2 2026: $0
QuarterFree cash flowYoY
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.

ECX Total Shares

Q1 2021: 199MQ2 2021: 38MQ3 2021: 38MQ4 2021: 38MQ4 2022: 239MQ4 2023: 337MQ2 2024: 338MQ4 2024: 337MQ2 2025: 337MQ4 2025: 339M
Q1 2021: 199MQ2 2021: 38MQ3 2021: 38MQ4 2021: 38MQ4 2022: 239MQ4 2023: 337MQ2 2024: 338MQ4 2024: 337MQ2 2025: 337MQ4 2025: 339M
PeriodChange %Net change
Quarterly+0.4%+1.4M shares
1 year+0.4%+1.3M shares

ECX has the edge over NIO on shareholder dilution, with a more favorable share count trend.

NIO Total Shares

Q3 2023: 1.7BQ4 2023: 1.8BQ1 2024: 2BQ2 2024: 2BQ3 2024: 2.1BQ4 2024: 2.1BQ1 2025: 2.1BQ2 2025: 2.2BQ3 2025: 2.4BQ4 2025: 2.5BQ1 2026: 2.5BQ2 2026: 2.5B
Q3 2023: 1.7BQ4 2023: 1.8BQ1 2024: 2BQ2 2024: 2BQ3 2024: 2.1BQ4 2024: 2.1BQ1 2025: 2.1BQ2 2025: 2.2BQ3 2025: 2.4BQ4 2025: 2.5BQ1 2026: 2.5BQ2 2026: 2.5B
PeriodChange %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.

ECX Net Leverage

ECX's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

NIO Net Leverage

NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

ECX Weekly Momentum

MetricValueStatus
RSI37.6Neutral
Stochastic28.4Neutral

ECX's weekly RSI is 38 (neutral) and its Stochastic is 28 (neutral).

NIO Weekly Momentum

MetricValueStatus
RSI30.7Neutral
Stochastic6.9Oversold

NIO's weekly RSI is 31 (neutral) and its Stochastic is 7 (oversold).

ECX PE vs Consumer Cyclical Sector

ECX has no meaningful PE right now: it lost money over the past year.

NIO PE vs Consumer Cyclical Sector

NIO has no meaningful PE right now: it lost money over the past year.

ECX Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$0.886.8% below
20 week MA$1.0018% below
50 week MA$1.2534% below
100 week MA$1.5547% below
200 week MA$2.4767% below

ECX is in a downtrend: it's below all five of its weekly moving averages, and 67% below its 200-week average.

NIO Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$3.369.2% below
20 week MA$4.0124% below
50 week MA$4.8137% below
100 week MA$4.8537% below
200 week MA$6.0349% below

NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.

ECX Yearly ROI

YearStart priceEnd priceROI
2021$9.70$9.71+0.1%
2022$9.71$8.23-15%
2023$8.23$3.16-62%
2024$3.16$1.89-40%
2025$1.89$1.55-18%
2026 YTD$1.55$0.82-47%

ECX has finished four years in a row lower, and it's down 47% so far in 2026.

NIO Yearly ROI

YearStart priceEnd priceROI
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 has the edge over ECX on returns for 2026, with the stronger performance.

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