HD
The Home Depot, Inc.
HD has a slight edge over NIO overall, supported by lower modeled downside.
NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
HD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
HD'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.
HD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $275 | -21% |
| Forward | 22x | $348 | — |
| Fair | 23x | $334 | -4.1% |
| Current | 24x | $348 | — |
| Expensive | 26x | $372 | +6.9% |
Historical ranges are pointers, not guarantees.
HD's PE is in its expensive range at 24x. If earnings grow as analysts expect, today's price would be 22x next year's earnings, in its fair range.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
HD Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Stable | |
| Moderate | |
| High |
Analysts expect HD's earnings to grow, with its revenue and profitability holding steady.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over HD on the outlook, with more favorable revenue and profitability expectations.
HD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.68 | +9.7% |
| Q3 2026 | $14.29 | -2.9% |
| Q2 2026 | $14.08 | -4.4% |
| Q1 2026 | $14.23 | -4.6% |
| Q4 2025 | $14.66 | -0.5% |
| Q3 2025 | $14.71 | -1.1% |
| Q2 2025 | $14.73 | -1.3% |
| Q1 2025 | $14.91 | -1.3% |
| Q4 2024 | $14.73 | -5.5% |
HD 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.
HD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $47.9B | +5.7% |
| Q2 2026 | $41.8B | +4.8% |
| Q1 2026 | $38.2B | -3.8% |
| Q4 2025 | $41.4B | +2.8% |
| Q3 2025 | $45.3B | +4.9% |
| Q2 2025 | $39.9B | +9.4% |
| Q1 2025 | $39.7B | +14% |
| Q4 2024 | $40.2B | +6.6% |
HD's revenue has held roughly level: $47.9B last quarter, up 5.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | -0.2 points |
| Q2 2026 | 12% | -1 points |
| Q1 2026 | 10% | -1.2 points |
| Q4 2025 | 13% | -0.5 points |
| Q3 2025 | 14% | -0.7 points |
| Q2 2025 | 13% | -1.1 points |
| Q1 2025 | 11% | -0.6 points |
| Q4 2024 | 13% | -0.9 points |
HD 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 HD on sales, with stronger typical year-over-year growth.
| 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.
HD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $4.5B | +21% |
| Q2 2026 | $5.2B | +47% |
| Q1 2026 | $2.3B | -36% |
| Q4 2025 | $3.1B | -8.9% |
| Q3 2025 | $3.7B | -21% |
| Q2 2025 | $3.5B | -24% |
| Q1 2025 | $3.6B | -7.9% |
| Q4 2024 | $3.4B | -4.2% |
HD's free cash flow has been positive every quarter for seven years: $15.1B over the past year, up 6.1% from 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 HD on cash flow, with more consistent year-over-year improvement.
HD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.2% | +2M shares |
| 3 years | -0.7% | -7M shares |
| 5 years | -6.2% | -66M shares |
| Available history | -9% | -98M shares |
HD has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | $649M |
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.
HD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.1x | Moderate |
| Q2 2026 | 2.2x | Moderate |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.0x | Healthy |
| Q2 2025 | 2.1x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.2x | Moderate |
HD's net debt is about 2.1 years of its operating earnings (EBITDA), about the same as 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.
HD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.0 | Neutral |
| Stochastic | 75.1 | Neutral |
HD's weekly RSI is 58 (neutral) and its Stochastic is 75 (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).
HD PE vs Consumer Cyclical Sector
| Metric | HD | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 18x | 35% above |
| PE % | 66 | 47 | 19 pts above |
HD is trading at 24x earnings, a 35% 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.
HD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $314.7 | 11% above |
| 20 week MA | $325.6 | 7% above |
| 50 week MA | $337.9 | 3.1% above |
| 100 week MA | $359.2 | 3% below |
| 200 week MA | $349.2 | 0.3% below |
HD 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.
HD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $220.0 | $270.9 | +23% |
| 2021 | $270.9 | $397.1 | +47% |
| 2022 | $397.1 | $318.7 | -20% |
| 2023 | $318.7 | $346.6 | +8.7% |
| 2024 | $346.6 | $392.9 | +13% |
| 2025 | $392.9 | $349.8 | -11% |
| 2026 YTD | $349.8 | $348.3 | -0.4% |
HD 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.