MOD
Modine Manufacturing Company
MOD has slightly lower modeled downside risk, despite its lower overall score.
NIO
NIO Inc.
NIO has a slight edge over MOD overall, supported by stronger valuation and stronger fundamentals.
MOD Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Under pressure | |
| Healthy |
MOD's revenue and balance sheet are currently healthy, and its profitability is stable, but its cash flow is 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.
MOD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.3x | $22.39 | -79% |
| Forward | 14x | $106 | — |
| Fair | 23x | $55.73 | -47% |
| Expensive | 44x | $107 | +0.9% |
| Current | 44x | $106 | — |
Historical ranges are pointers, not guarantees.
MOD's PE is in its expensive range at 44x. If earnings grow as analysts expect, today's price would be 14x next year's earnings, in its cheap range.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
MOD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for MOD, with profitability improving. However, they disagree widely on these estimates.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
MOD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.72 | +220% |
| Q3 2026 | $2.41 | -30% |
| Q2 2026 | $2.68 | -23% |
| Q1 2026 | $2.26 | -34% |
| Q4 2025 | $1.80 | -40% |
| Q3 2025 | $3.46 | +13% |
| Q2 2025 | $3.49 | +14% |
| Q1 2025 | $3.42 | +13% |
| Q4 2024 | $2.98 | -30% |
MOD 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.
MOD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $994.4M | +35% |
| Q2 2026 | $874.1M | +28% |
| Q1 2026 | $954.4M | +47% |
| Q4 2025 | $805M | +31% |
| Q3 2025 | $738.9M | +12% |
| Q2 2025 | $682.8M | +3.2% |
| Q1 2025 | $647.2M | +7.2% |
| Q4 2024 | $616.8M | +9.9% |
MOD has the edge over NIO on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.8% | -0.1 points |
| Q2 2026 | 8.6% | -2.5 points |
| Q1 2026 | 11% | -0.6 points |
| Q4 2025 | 11% | +1.5 points |
| Q3 2025 | 10% | -1.5 points |
| Q2 2025 | 11% | -0.2 points |
| Q1 2025 | 12% | +3.8 points |
| Q4 2024 | 9.6% | -1.4 points |
MOD 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'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's operating margin was −2.1% last quarter, up 24 points from the same quarter a year ago.
MOD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$140.6M | -$110.1M |
| Q2 2026 | -$5M | -2600% |
| Q1 2026 | $152.8M | +464% |
| Q4 2025 | -$17.1M | -138% |
| Q3 2025 | -$30.5M | -170% |
| Q2 2025 | $200K | -99% |
| Q1 2025 | $27.1M | +$31.4M |
| Q4 2024 | $44.7M | -4.1% |
MOD's free cash flow was −$10M over the past year, against $42M 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 MOD on cash flow, with more consistent year-over-year improvement.
MOD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -100K shares |
| 1 year | +0.2% | +100K shares |
| 3 years | +0.9% | +500K shares |
| 5 years | +2.5% | +1.3M shares |
| Available history | +5.5% | +2.8M shares |
MOD has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.1M |
| Q2 2026 | $64.6M |
| Q1 2026 | $200,000 |
| Q4 2025 | $1.1M |
| Q3 2025 | $600,000 |
| Q2 2025 | $5.1M |
| Q1 2025 | $18.6M |
| Q4 2024 | $4.5M |
MOD spent $67M buying back its own shares over the past year, up 133% 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.
MOD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.3x | Healthy |
| Q2 2026 | 1.0x | Healthy |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 0.9x | Very low |
MOD'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.
MOD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.1 | Oversold |
| Stochastic | 7.8 | Oversold |
MOD's weekly RSI is 29 (oversold) and its Stochastic is 8 (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).
MOD PE vs Consumer Cyclical Sector
| Metric | MOD | Sector median | Relative |
|---|---|---|---|
| PE | 44x | 18x | 144% above |
| PE % | 82 | 47 | 35 pts above |
MOD is trading at 44x earnings, a 144% 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.
MOD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $144.6 | 27% below |
| 20 week MA | $180.7 | 41% below |
| 50 week MA | $200.1 | 47% below |
| 100 week MA | $157.2 | 33% below |
| 200 week MA | $113.3 | 6.4% below |
MOD is in a downtrend: it's below all five of its weekly moving averages, and 6.4% 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.
MOD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $7.57 | $12.2 | +61% |
| 2021 | $12.2 | $9.96 | -18% |
| 2022 | $9.96 | $19.6 | +97% |
| 2023 | $19.6 | $59.7 | +204% |
| 2024 | $59.7 | $118.7 | +99% |
| 2025 | $118.7 | $137.7 | +16% |
| 2026 YTD | $137.7 | $106.1 | -23% |
MOD 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.