LI
Li Auto Inc.
LI has lower modeled downside risk, despite its lower overall score.
NIO
NIO Inc.
NIO has the edge over LI overall, supported by stronger fundamentals.
LI Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Weak | |
| Strong |
LI's balance sheet is currently strong, but its revenue, 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.
LI PE Valuation
LI 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.
LI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect LI 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.
LI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.69 | -162% |
| Q1 2026 | -$0.28 | -125% |
| Q4 2025 | $0.15 | -87% |
| Q3 2025 | $0.63 | -56% |
| Q2 2025 | $1.12 | -21% |
| Q1 2025 | $1.12 | -30% |
| Q4 2024 | $1.12 | -32% |
| Q3 2024 | $1.42 | +60% |
LI has swung to a loss: it lost $0.69 per share over the past year, after a profit the year before.
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 LI on earnings, with more consistent year-over-year improvement.
LI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $3.8B | -16% |
| Q1 2026 | $3.4B | -12% |
| Q4 2025 | $4.3B | -32% |
| Q3 2025 | $4.1B | -37% |
| Q2 2025 | $4.6B | -4.1% |
| Q1 2025 | $3.9B | +1.4% |
| Q4 2024 | $6.3B | +2.6% |
| Q3 2024 | $6.5B | +24% |
LI's revenue has slid since its 2024 peak: $3.8B last quarter, down 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -8.6% | -10 points |
| Q1 2026 | -13% | -14 points |
| Q4 2025 | -1.9% | -9.8 points |
| Q3 2025 | -4.7% | -12 points |
| Q2 2025 | 1.8% | +0.7 points |
| Q1 2025 | 1.1% | +4 points |
| Q4 2024 | 8% | +0.7 points |
| Q3 2024 | 7.7% | +1.1 points |
LI's operating margin was −8.6% last quarter, down 10 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 has the edge over LI 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 has the edge over LI on profitability, with a higher operating margin.
LI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$195.2M | +$505.8M |
| Q1 2026 | -$1.1B | -$888.5M |
| Q4 2025 | $142.7M | -84% |
| Q3 2025 | -$952.9M | -170% |
| Q2 2025 | -$701M | -$165.9M |
| Q1 2025 | -$220.2M | +$538.4M |
| Q4 2024 | $909.3M | -59% |
| Q3 2024 | $1.4B | -32% |
LI's free cash flow was −$2.1B over the past year, against $1.3B 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 LI on cash flow, with more consistent year-over-year improvement.
LI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.7% | -6.7M shares |
| 1 year | -6% | -64.2M shares |
| 3 years | -4.4% | -46.3M shares |
| 5 years | +11% | +102M shares |
| Available history | +11% | +102M shares |
LI has the edge over NIO 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 | — |
LI 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 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.
LI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | -9.2x | Net Cash |
| Q4 2025 | -6.4x | Net Cash |
| Q3 2025 | -3.7x | Net Cash |
| Q2 2025 | -2.5x | Net Cash |
| Q1 2025 | -2.9x | Net Cash |
| Q4 2024 | -4.0x | Net Cash |
| Q3 2024 | -5.2x | Net Cash |
| Q2 2024 | -5.8x | Net Cash |
LI 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.
LI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.0 | Neutral |
| Stochastic | 41.3 | Neutral |
LI's weekly RSI is 42 (neutral) and its Stochastic is 41 (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).
LI PE vs Consumer Cyclical Sector
| Metric | LI | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
LI 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.
LI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.5 | 2% above |
| 20 week MA | $12.0 | 2.9% below |
| 50 week MA | $15.0 | 22% below |
| 100 week MA | $20.0 | 41% below |
| 200 week MA | $24.4 | 52% below |
LI 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.
LI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.0 | $29.3 | +83% |
| 2021 | $29.3 | $30.4 | +3.8% |
| 2022 | $30.4 | $18.8 | -38% |
| 2023 | $18.8 | $37.4 | +99% |
| 2024 | $37.4 | $25.5 | -32% |
| 2025 | $25.5 | $17.4 | -32% |
| 2026 YTD | $17.4 | $11.7 | -33% |
LI 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.