GRWG
GrowGeneration Corp.
GRWG offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
NIO
NIO Inc.
NIO has a slight edge over GRWG overall, supported by stronger fundamentals and lower modeled downside.
GRWG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
GRWG's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
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.
GRWG PE Valuation
GRWG 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.
GRWG Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect GRWG's losses to shrink, with revenue holding steady. However, they disagree widely on these estimates.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over GRWG on the outlook, with more favorable revenue expectations.
GRWG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.23 | +$0.44 |
| Q2 2026 | -$0.27 | +$0.55 |
| Q1 2026 | -$0.32 | +$0.52 |
| Q4 2025 | -$0.40 | +$0.42 |
| Q3 2025 | -$0.67 | +$0.21 |
| Q2 2025 | -$0.82 | -$0.01 |
| Q1 2025 | -$0.84 | -$0.04 |
| Q4 2024 | -$0.82 | -$0.06 |
GRWG is still losing money, but far less than before: $0.23 per share over the past year, against $2.70 at its worst in early 2023.
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 has the edge over GRWG on earnings, with more consistent year-over-year improvement.
GRWG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $44.8M | -5.2% |
| Q2 2026 | $43.2M | +5.5% |
| Q1 2026 | $38.4M | +7.5% |
| Q4 2025 | $37.8M | +1% |
| Q3 2025 | $47.3M | -5.5% |
| Q2 2025 | $41M | -23% |
| Q1 2025 | $35.7M | -25% |
| Q4 2024 | $37.4M | -24% |
GRWG's revenue fell from its 2021 peak and has held roughly level since: $45M last quarter, down 5.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.1% | +5.9 points |
| Q2 2026 | -5.4% | +7.5 points |
| Q1 2026 | -14% | +14 points |
| Q4 2025 | -20% | +44 points |
| Q3 2025 | -6% | +18 points |
| Q2 2025 | -13% | -0.7 points |
| Q1 2025 | -28% | -8 points |
| Q4 2024 | -64% | -8.9 points |
GRWG 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 GRWG 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.
GRWG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $555K | +$1.1M |
| Q2 2026 | $941K | +$3.9M |
| Q1 2026 | -$5M | -$1.2M |
| Q4 2025 | -$2.2M | -305% |
| Q3 2025 | -$499K | -143% |
| Q2 2025 | -$2.9M | -$2.6M |
| Q1 2025 | -$3.8M | -$153K |
| Q4 2024 | $1.1M | +$2.4M |
GRWG's free cash flow was −$6M over the past year, against −$6M 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 has the edge over GRWG on cash flow, with more consistent year-over-year improvement.
GRWG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -550K shares |
| 1 year | -0.9% | -528K shares |
| 3 years | -3.3% | -2M shares |
| 5 years | -0.4% | -235K shares |
| Available history | +51% | +20M shares |
GRWG has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2024 | $1,000 |
| Q3 2024 | $1.8M |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | $4M |
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.
GRWG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2022 | -3.1x | Net Cash |
| Q4 2021 | -1.5x | Net Cash |
| Q3 2021 | -1.8x | Net Cash |
| Q2 2021 | -2.1x | Net Cash |
| Q1 2021 | -4.1x | Net Cash |
| Q4 2020 | -16.3x | Net Cash |
| Q3 2020 | -7.8x | Net Cash |
| Q2 2020 | -5.0x | Net Cash |
GRWG has more cash than debt.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
GRWG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.8 | Neutral |
| Stochastic | 18.6 | Oversold |
GRWG's weekly RSI is 39 (neutral) and its Stochastic is 19 (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).
GRWG PE vs Consumer Cyclical Sector
| Metric | GRWG | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
GRWG 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.
GRWG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.46 | 16% below |
| 20 week MA | $1.51 | 19% below |
| 50 week MA | $1.44 | 15% below |
| 100 week MA | $1.39 | 12% below |
| 200 week MA | $2.08 | 41% below |
GRWG is in a downtrend: it's below all five of its weekly moving averages, and 41% below its 200-week average.
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.
GRWG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.23 | $41.3 | +876% |
| 2021 | $41.3 | $13.6 | -67% |
| 2022 | $13.6 | $4.26 | -69% |
| 2023 | $4.26 | $2.51 | -41% |
| 2024 | $2.51 | $1.54 | -39% |
| 2025 | $1.54 | $1.61 | +4.5% |
| 2026 YTD | $1.61 | $1.23 | -24% |
GRWG 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.