FNKO
Funko, Inc.
FNKO's outlook is improving despite an expensive valuation.
NIO
NIO Inc.
NIO has the edge over FNKO overall, supported by stronger valuation and lower modeled downside.
FNKO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
FNKO's profitability, cash flow and balance sheet are currently healthy, and its revenue 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.
FNKO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $0.84 | -88% |
| Fair | 18x | $1.29 | -81% |
| Forward | 28x | $6.90 | — |
| Expensive | 39x | $2.71 | -61% |
| Current | 99x | $6.90 | — |
Historical ranges are pointers, not guarantees.
FNKO's PE is in its expensive range at 99x. If earnings grow as analysts expect, today's price would be 28x next year's earnings.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
FNKO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect FNKO to return to profit, with revenue growing.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
FNKO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.25 | +252% |
| Q3 2026 | $0.07 | +$1.32 |
| Q2 2026 | -$0.04 | +$1.15 |
| Q1 2026 | -$1.05 | -$0.70 |
| Q4 2025 | -$1.24 | -$0.96 |
| Q3 2025 | -$1.25 | -$0.81 |
| Q2 2025 | -$1.19 | -$0.36 |
| Q1 2025 | -$0.35 | +$2.12 |
| Q4 2024 | -$0.28 | +$2.91 |
FNKO 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.
FNKO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $258.3M | +3% |
| Q2 2026 | $207.7M | +7.4% |
| Q1 2026 | $200.9M | +5.3% |
| Q4 2025 | $273.1M | -7% |
| Q3 2025 | $250.9M | -14% |
| Q2 2025 | $193.5M | -22% |
| Q1 2025 | $190.7M | -12% |
| Q4 2024 | $293.7M | +0.9% |
FNKO's revenue fell from its 2022 peak and has held roughly level since: $258M last quarter, up 3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.8% | +3.2 points |
| Q2 2026 | 11% | +29 points |
| Q1 2026 | -4.8% | +7.4 points |
| Q4 2025 | 2.2% | +0.3 points |
| Q3 2025 | 2.6% | -1.4 points |
| Q2 2025 | -18% | -22 points |
| Q1 2025 | -12% | -5.3 points |
| Q4 2024 | 1.9% | +3 points |
FNKO 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 FNKO 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.
FNKO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $24.7M | +631% |
| Q2 2026 | $2.7M | +$34.6M |
| Q1 2026 | $1.9M | +$30.8M |
| Q4 2025 | $19.2M | -60% |
| Q3 2025 | $3.4M | +$7.6M |
| Q2 2025 | -$31.8M | -187% |
| Q1 2025 | -$28.8M | -378% |
| Q4 2024 | $47.8M | +62% |
FNKO 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.
FNKO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +649K shares |
| 1 year | +6.2% | +3.4M shares |
| 3 years | +20% | +9.9M shares |
| 5 years | +39% | +16.3M shares |
| Available history | +76% | +25.2M shares |
FNKO has the edge over NIO on shareholder dilution, with a more favorable share count trend.
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.
FNKO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.9x | Healthy |
| Q1 2026 | 6.8x | High |
| Q4 2025 | 13.5x | High |
| Q3 2025 | 4.6x | High |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.2x | Healthy |
FNKO's net debt is about 1.6 years of its operating earnings (EBITDA), down from 4.6 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.
FNKO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 67.3 | Neutral |
FNKO's weekly RSI is 62 (neutral) and its Stochastic is 67 (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).
FNKO PE vs Consumer Cyclical Sector
| Metric | FNKO | Sector median | Relative |
|---|---|---|---|
| PE | 99x | 18x | 447% above |
| PE % | 94 | 47 | 47 pts above |
FNKO is trading at 99x earnings, a 447% 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.
FNKO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.41 | 7.6% above |
| 20 week MA | $6.10 | 13% above |
| 50 week MA | $4.99 | 38% above |
| 100 week MA | $5.61 | 23% above |
| 200 week MA | $7.30 | 5.5% below |
FNKO 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.
FNKO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.9 | $10.7 | -37% |
| 2021 | $10.7 | $18.7 | +75% |
| 2022 | $18.7 | $9.89 | -47% |
| 2023 | $9.89 | $7.73 | -22% |
| 2024 | $7.73 | $13.2 | +71% |
| 2025 | $13.2 | $3.52 | -73% |
| 2026 YTD | $3.52 | $6.90 | +96% |
FNKO 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.