LEA
Lear Corporation
LEA has the edge over NIO overall, supported by stronger valuation and lower modeled downside.
NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
LEA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Healthy |
LEA's profitability and balance sheet are currently healthy, and its revenue and cash flow 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.
LEA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 6.8x | $109 | — |
| Current | 9.5x | $109 | — |
| Cheap | 11x | $121 | +12% |
| Fair | 14x | $164 | +51% |
| Expensive | 38x | $434 | +300% |
Historical ranges are pointers, not guarantees.
LEA's PE is in its cheap range at 9.5x. If earnings grow as analysts expect, today's price would be 6.8x next year's earnings.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
LEA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect LEA's earnings to grow and its profitability to improve, with its revenue holding steady.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over LEA on the outlook, with more favorable revenue expectations.
LEA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.95 | +39% |
| Q3 2026 | $11.45 | +39% |
| Q2 2026 | $10.73 | +25% |
| Q1 2026 | $10.00 | +17% |
| Q4 2025 | $8.15 | -9.1% |
| Q3 2025 | $8.21 | -14% |
| Q2 2025 | $8.60 | -8% |
| Q1 2025 | $8.56 | -6.7% |
| Q4 2024 | $8.97 | -7.3% |
LEA 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.
LEA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.8B | +1.6% |
| Q2 2026 | $6.2B | +3% |
| Q1 2026 | $5.8B | +4.7% |
| Q4 2025 | $6B | +4.8% |
| Q3 2025 | $5.7B | +1.7% |
| Q2 2025 | $6B | +0.3% |
| Q1 2025 | $5.6B | -7.2% |
| Q4 2024 | $5.7B | -2.2% |
LEA's revenue grew through 2023 and has held roughly level since: $5.8B last quarter, up 1.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.4% | 0 points |
| Q2 2026 | 4.3% | +0.2 points |
| Q1 2026 | 4.4% | +1.1 points |
| Q4 2025 | 2.6% | -1.1 points |
| Q3 2025 | 3.4% | -0.6 points |
| Q2 2025 | 4.1% | -0.2 points |
| Q1 2025 | 3.3% | 0 points |
| Q4 2024 | 3.7% | -0.1 points |
LEA 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 LEA 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.
LEA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $158.4M | -48% |
| Q2 2026 | $287.8M | +69% |
| Q1 2026 | -$26.5M | +$205.2M |
| Q4 2025 | $281.1M | -42% |
| Q3 2025 | $307M | +508% |
| Q2 2025 | $170.8M | +0.2% |
| Q1 2025 | -$231.7M | -$83.5M |
| Q4 2024 | $488.7M | +30% |
LEA 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.
LEA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.9% | -968K shares |
| 1 year | -7.1% | -3.8M shares |
| 3 years | -16% | -9.2M shares |
| 5 years | -17% | -10.1M shares |
| Available history | -19% | -12.1M shares |
LEA has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $175M |
| Q2 2026 | $100M |
| Q1 2026 | $75M |
| Q4 2025 | $175.1M |
| Q3 2025 | $102.6M |
| Q2 2025 | $22.5M |
| Q1 2025 | $25M |
| Q4 2024 | $105.9M |
LEA spent $525M buying back its own shares over the past year, up 105% from the year before.
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.
LEA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.3x | Healthy |
| Q4 2025 | 1.2x | Healthy |
| Q3 2025 | 1.2x | Healthy |
| Q2 2025 | 1.3x | Healthy |
| Q1 2025 | 1.3x | Healthy |
| Q4 2024 | 1.1x | Healthy |
LEA's net debt is about 1.3 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.
LEA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.1 | Neutral |
| Stochastic | 6.0 | Oversold |
LEA's weekly RSI is 37 (neutral) and its Stochastic is 6 (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).
LEA PE vs Consumer Cyclical Sector
| Metric | LEA | Sector median | Relative |
|---|---|---|---|
| PE | 9.5x | 18x | 47% below |
| PE % | 5 | 47 | 42 pts below |
LEA is trading at 9.5x earnings, a 47% discount 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.
LEA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $117.0 | 7.2% below |
| 20 week MA | $125.3 | 13% below |
| 50 week MA | $126.4 | 14% below |
| 100 week MA | $111.6 | 2.7% below |
| 200 week MA | $120.2 | 9.7% below |
LEA is in a downtrend: it's below all five of its weekly moving averages, and 9.7% 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.
LEA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $138.5 | $159.9 | +15% |
| 2021 | $159.9 | $180.0 | +13% |
| 2022 | $180.0 | $121.9 | -32% |
| 2023 | $121.9 | $141.2 | +16% |
| 2024 | $141.2 | $95.4 | -32% |
| 2025 | $95.4 | $116.9 | +23% |
| 2026 YTD | $116.9 | $108.6 | -7.1% |
LEA 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.