MLR
Miller Industries, Inc.
MLR has lower modeled downside risk, despite its lower overall score.
NIO
NIO Inc.
NIO has a slight edge over MLR overall, supported by stronger valuation and stronger fundamentals.
MLR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Strong | |
| Strong |
MLR's cash flow and balance sheet are currently strong, and its revenue and profitability 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.
MLR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.6x | $14.45 | -70% |
| Fair | 14x | $20.88 | -57% |
| Forward | 17x | $48.71 | — |
| Expensive | 21x | $31.75 | -35% |
| Current | 32x | $48.71 | — |
Historical ranges are pointers, not guarantees.
MLR's PE is in its expensive range at 32x. If earnings grow as analysts expect, today's price would be 17x next year's earnings.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
MLR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for MLR, with profitability improving.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
MLR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.85 | +90% |
| Q3 2026 | $1.50 | -42% |
| Q2 2026 | $1.24 | -66% |
| Q1 2026 | $1.34 | -71% |
| Q4 2025 | $1.98 | -64% |
| Q3 2025 | $2.58 | -57% |
| Q2 2025 | $3.64 | -41% |
| Q1 2025 | $4.69 | -18% |
| Q4 2024 | $5.47 | +7.9% |
MLR 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.
MLR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $212.2M | +19% |
| Q2 2026 | $240M | +12% |
| Q1 2026 | $180.9M | -20% |
| Q4 2025 | $171.9M | -23% |
| Q3 2025 | $178.7M | -43% |
| Q2 2025 | $214M | -42% |
| Q1 2025 | $225.7M | -36% |
| Q4 2024 | $221.9M | -25% |
MLR's revenue is recovering but still below its 2024 peak: $212M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.5% | +1.1 points |
| Q2 2026 | 4.2% | -1.1 points |
| Q1 2026 | 0.9% | -3.9 points |
| Q4 2025 | 2.9% | -2.8 points |
| Q3 2025 | 2.4% | -3.9 points |
| Q2 2025 | 5.3% | -1.8 points |
| Q1 2025 | 4.8% | -1.4 points |
| Q4 2024 | 5.7% | -1.4 points |
MLR 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 MLR 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.
MLR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $13.7M | -25% |
| Q2 2026 | $28M | +9.7% |
| Q1 2026 | $22.8M | +$25.2M |
| Q4 2025 | $43.8M | +$56.7M |
| Q3 2025 | $18.1M | -25% |
| Q2 2025 | $25.6M | +$39.4M |
| Q1 2025 | -$2.4M | -156% |
| Q4 2024 | -$13M | -396% |
MLR generated $108M in free cash flow over the past year, about four times what it generated 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's free cash flow was $0 over the past year, against −$2.5B the year before.
MLR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -36.5K shares |
| 1 year | -0.9% | -110K shares |
| 3 years | -0.3% | -30K shares |
| 5 years | +0.6% | +74K shares |
| Available history | +0.7% | +85K shares |
MLR has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2.7M |
| Q2 2026 | $2.5M |
| Q1 2026 | $2.2M |
| Q4 2025 | $2.2M |
| Q3 2025 | $1.2M |
| Q2 2025 | $500,000 |
| Q1 2025 | $2.1M |
| Q4 2024 | — |
MLR spent $10M buying back its own shares over the past year, up 155% 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.
MLR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.4x | Net Cash |
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -0.8x | Net Cash |
| Q4 2025 | -0.3x | Net Cash |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.4x | Very low |
MLR 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.
MLR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.5 | Neutral |
| Stochastic | 20.2 | Neutral |
MLR's weekly RSI is 45 (neutral) and its Stochastic is 20 (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).
MLR PE vs Consumer Cyclical Sector
| Metric | MLR | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 18x | 80% above |
| PE % | 93 | 47 | 46 pts above |
MLR is trading at 32x earnings, a 80% 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.
MLR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $51.2 | 4.9% below |
| 20 week MA | $52.5 | 7.1% below |
| 50 week MA | $47.6 | 2.4% above |
| 100 week MA | $47.3 | 3% above |
| 200 week MA | $46.8 | 4.2% above |
MLR 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.
MLR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $37.2 | $36.8 | -1% |
| 2021 | $36.8 | $32.5 | -12% |
| 2022 | $32.5 | $26.4 | -19% |
| 2023 | $26.4 | $42.3 | +60% |
| 2024 | $42.3 | $65.7 | +55% |
| 2025 | $65.7 | $38.2 | -42% |
| 2026 YTD | $38.2 | $48.7 | +28% |
MLR 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.