MLCO
Melco Resorts & Entertainment Limited
MLCO has the edge over NIO overall, supported by stronger valuation and stronger modeled upside.
NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
MLCO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Stable | |
| Weak |
MLCO's profitability is currently strong, and its revenue and cash flow are stable, but its balance sheet is weak.
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.
MLCO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 7x | $4.18 | — |
| Cheap | 9.5x | $5.68 | +36% |
| Fair | 30x | $17.78 | +325% |
| Expensive | 50x | $30.05 | +619% |
Historical ranges are pointers, not guarantees.
MLCO's PE is in its cheap range at 7.0x.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
MLCO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect MLCO's earnings to grow and its profitability to improve, with its 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 MLCO on the outlook, with more favorable revenue expectations.
MLCO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.60 | +362% |
| Q1 2026 | $0.58 | +314% |
| Q4 2025 | $0.46 | +360% |
| Q3 2025 | $0.26 | +$0.53 |
| Q2 2025 | $0.13 | +$0.50 |
| Q1 2025 | $0.14 | +$0.62 |
| Q4 2024 | $0.10 | +$0.84 |
| Q3 2024 | -$0.27 | +$0.71 |
MLCO 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.
MLCO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.3B | -5.6% |
| Q1 2026 | $1.4B | +11% |
| Q4 2025 | $1.3B | +8.6% |
| Q3 2025 | $1.3B | +11% |
| Q2 2025 | $1.3B | +15% |
| Q1 2025 | $1.2B | +11% |
| Q4 2024 | $1.2B | +8.9% |
| Q3 2024 | $1.2B | +16% |
MLCO's revenue is growing: $1.3B last quarter, down 5.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 10% | +0.9 points |
| Q1 2026 | 13% | +1.6 points |
| Q4 2025 | 11% | +3.2 points |
| Q3 2025 | 14% | +2.3 points |
| Q2 2025 | 9.4% | -1.3 points |
| Q1 2025 | 12% | +0.5 points |
| Q4 2024 | 8.1% | +17 points |
| Q3 2024 | 12% | +2.5 points |
MLCO 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 MLCO 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.
MLCO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $0 | $0 |
| Q1 2026 | $0 | $0 |
| Q4 2025 | $0 | $0 |
| Q3 2025 | $0 | $0 |
| Q2 2025 | $0 | $0 |
| Q1 2025 | $0 | $0 |
| Q4 2024 | $0 | $0 |
| Q3 2024 | $0 | $0 |
MLCO's free cash flow was $0 over the past year, against $0 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 MLCO on cash flow, with more consistent year-over-year improvement.
MLCO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -4.8M shares |
| 1 year | -6.9% | -29M shares |
| 3 years | -11% | -48.1M shares |
| 5 years | -19% | -90.6M shares |
| Available history | -19% | -92.4M shares |
MLCO 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 | — |
MLCO 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.
MLCO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 5.4x | High |
| Q1 2026 | 5.0x | High |
| Q4 2025 | 5.2x | High |
| Q3 2025 | 5.7x | High |
| Q2 2025 | 6.1x | High |
| Q1 2025 | 6.2x | High |
| Q4 2024 | 6.3x | High |
| Q3 2024 | 7.5x | High |
MLCO's net debt is about 5.4 years of its operating earnings (EBITDA), down from 6.1 years 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.
MLCO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.1 | Neutral |
| Stochastic | 25.9 | Neutral |
MLCO's weekly RSI is 37 (neutral) and its Stochastic is 26 (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).
MLCO PE vs Consumer Cyclical Sector
| Metric | MLCO | Sector median | Relative |
|---|---|---|---|
| PE | 7x | 18x | 61% below |
| PE % | 2 | 47 | 45 pts below |
MLCO is trading at 7.0x earnings, a 61% 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.
MLCO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.21 | 0.7% below |
| 20 week MA | $4.90 | 15% below |
| 50 week MA | $5.64 | 26% below |
| 100 week MA | $6.38 | 34% below |
| 200 week MA | $7.74 | 46% below |
MLCO is in a downtrend: it's below all five of its weekly moving averages, and 46% 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.
MLCO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $24.4 | $18.6 | -24% |
| 2021 | $18.6 | $10.4 | -44% |
| 2022 | $10.4 | $11.2 | +7% |
| 2023 | $11.2 | $8.87 | -21% |
| 2024 | $8.87 | $5.88 | -34% |
| 2025 | $5.88 | $8.01 | +36% |
| 2026 YTD | $8.01 | $4.18 | -48% |
MLCO has finished lower in four of the last six years. It's down 48% so far in 2026.
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 has the edge over MLCO on returns for 2026, with the stronger performance.