HEPS
D-Market Elektronik Hizmetler ve Ticaret A.S.
HEPS has a slight edge over NIO overall on the model score.
NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
HEPS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Strong |
HEPS's revenue and balance sheet are currently healthy, 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.
HEPS PE Valuation
HEPS 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.
HEPS Forward outlook
There aren't enough analyst estimates for HEPS to show an outlook.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
HEPS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.44 | -$0.31 |
| Q1 2026 | -$0.39 | -$0.28 |
| Q4 2025 | -$0.35 | -$0.26 |
| Q3 2025 | -$0.19 | -$0.10 |
| Q2 2025 | -$0.13 | -$0.05 |
| Q1 2025 | -$0.11 | -$0.10 |
| Q4 2024 | -$0.09 | -$0.06 |
| Q3 2024 | -$0.09 | -$0.08 |
HEPS lost $0.44 per share over the past year, and its loss has widened in each of the last six quarters.
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 HEPS on earnings, with more consistent year-over-year improvement.
HEPS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $453.9M | +36% |
| Q1 2026 | $460.4M | +61% |
| Q4 2025 | $603.7M | +48% |
| Q3 2025 | $396.4M | +63% |
| Q2 2025 | $333.2M | +23% |
| Q1 2025 | $286.3M | -7.9% |
| Q4 2024 | $406.7M | +46% |
| Q3 2024 | $243.6M | +1.7% |
HEPS has the edge over NIO on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -2.9% | -3.1 points |
| Q1 2026 | -1.9% | +1.9 points |
| Q4 2025 | 0.9% | +0.3 points |
| Q3 2025 | -3% | -3.2 points |
| Q2 2025 | 0.2% | +0.5 points |
| Q1 2025 | -3.8% | -2.9 points |
| Q4 2024 | 0.7% | +2.6 points |
| Q3 2024 | 0.3% | +2.3 points |
HEPS's operating margin was −2.9% last quarter, down 3.1 points from the same quarter a year ago.
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 has the edge over HEPS on profitability, with a higher operating margin.
HEPS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $29.3M | -56% |
| Q1 2026 | -$61.5M | -$60.6M |
| Q4 2025 | $14.9M | +$15.4M |
| Q3 2025 | $438.9K | +30% |
| Q2 2025 | $66.5M | +$67.4M |
| Q1 2025 | -$928.4K | -510% |
| Q4 2024 | -$582.5K | -133% |
| Q3 2024 | $337.1K | -66% |
HEPS's free cash flow was −$17M over the past year, against $65M 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 HEPS on cash flow, with more consistent year-over-year improvement.
HEPS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +3.1M shares |
| 1 year | +15% | +47.7M shares |
| 3 years | +14% | +44.2M shares |
| 5 years | +14% | +44.5M shares |
| Available history | +14% | +44.5M shares |
HEPS has 371M diluted shares, up 15% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
HEPS hasn't bought back shares in the past year.
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 the edge over HEPS on shareholder dilution, with a more favorable share count trend.
| 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.
HEPS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -2.3x | Net Cash |
| Q1 2026 | -2.8x | Net Cash |
| Q4 2025 | -6.3x | Net Cash |
| Q3 2025 | -0.9x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -0.9x | Net Cash |
| Q4 2024 | -1.1x | Net Cash |
| Q3 2024 | -0.4x | Net Cash |
HEPS 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.
HEPS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.7 | Neutral |
| Stochastic | 60.1 | Neutral |
HEPS's weekly RSI is 50 (neutral) and its Stochastic is 60 (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).
HEPS PE vs Consumer Cyclical Sector
| Metric | HEPS | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
HEPS 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.
HEPS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.68 | 1.1% above |
| 20 week MA | $2.73 | 0.7% below |
| 50 week MA | $2.73 | 0.7% below |
| 100 week MA | $2.79 | 2.9% below |
| 200 week MA | $2.28 | 19% above |
HEPS 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.
HEPS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $14.1 | $2.05 | -85% |
| 2022 | $2.05 | $0.69 | -66% |
| 2023 | $0.69 | $1.80 | +161% |
| 2024 | $1.80 | $3.26 | +81% |
| 2025 | $3.26 | $2.52 | -23% |
| 2026 YTD | $2.52 | $2.71 | +7.5% |
HEPS 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.