NIO
NIO Inc.
NIO has the edge over ONEW overall, supported by stronger fundamentals and lower modeled downside.
ONEW
OneWater Marine Inc.
ONEW offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
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.
ONEW Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Under pressure | |
| Weak |
ONEW's revenue, profitability, cash flow and balance sheet are all currently under pressure.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
ONEW PE Valuation
ONEW has no meaningful PE right now: it lost money over the past year.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over ONEW on the outlook, with more favorable revenue expectations.
ONEW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect ONEW's earnings to grow and its profitability to improve, with its revenue holding steady.
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 ONEW on earnings, with more consistent year-over-year improvement.
ONEW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.12 | — |
| Q2 2026 | -$7.46 | -$6.65 |
| Q1 2026 | -$7.50 | -$7.03 |
| Q4 2025 | -$6.74 | -$6.02 |
| Q3 2025 | -$7.08 | -$6.68 |
| Q2 2025 | -$0.81 | +$5.84 |
| Q1 2025 | -$0.47 | +$5.22 |
| Q4 2024 | -$0.72 | +$3.14 |
| Q3 2024 | -$0.40 | +$2.36 |
ONEW lost $7.46 per share over the past year, a bigger loss than the year before.
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 ONEW 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.
ONEW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $530.7M | -4% |
| Q1 2026 | $442.3M | -8.5% |
| Q4 2025 | $380.6M | +1.3% |
| Q3 2025 | $460.1M | +22% |
| Q2 2025 | $552.9M | +1.9% |
| Q1 2025 | $483.5M | -1% |
| Q4 2024 | $375.8M | +3.2% |
| Q3 2024 | $377.9M | -16% |
ONEW's revenue grew through 2022 and has held roughly level since: $531M last quarter, down 4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.7% | +1.2 points |
| Q1 2026 | 3.5% | +0.2 points |
| Q4 2025 | 0.9% | +1.5 points |
| Q3 2025 | 3.1% | +1.9 points |
| Q2 2025 | 5.5% | -1.9 points |
| Q1 2025 | 3.4% | +0.5 points |
| Q4 2024 | -0.5% | -2.3 points |
| Q3 2024 | 1.2% | +27 points |
ONEW has the edge over NIO on profitability, with a higher operating margin.
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.
ONEW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $77.9M | -12% |
| Q1 2026 | $50M | +110% |
| Q4 2025 | -$78.4M | -$38M |
| Q3 2025 | $7.2M | -69% |
| Q2 2025 | $88.6M | +2.1% |
| Q1 2025 | $23.8M | +75% |
| Q4 2024 | -$40.4M | +$75M |
| Q3 2024 | $23M | +$24.2M |
ONEW has the edge over NIO on cash flow, with more consistent year-over-year improvement.
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.
ONEW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2% | +340K shares |
| 1 year | +3.1% | +510K shares |
| 3 years | +16% | +2.3M shares |
| 5 years | +49% | +5.6M shares |
| Available history | +214% | +11.6M shares |
ONEW 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 | $1.8M |
| Q3 2024 | — |
ONEW hasn't bought back shares in the past year.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ONEW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 11.7x | High |
| Q1 2025 | 11.4x | High |
| Q4 2024 | 10.4x | High |
| Q3 2024 | 9.5x | High |
| Q2 2024 | 8.1x | High |
| Q1 2024 | 7.5x | High |
| Q4 2023 | 6.5x | High |
| Q3 2023 | 5.3x | High |
ONEW's net debt is about 12 years of its operating earnings (EBITDA), up from 8.1 years a year ago.
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).
ONEW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.3 | Neutral |
| Stochastic | 21.7 | Neutral |
ONEW's weekly RSI is 44 (neutral) and its Stochastic is 22 (neutral).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
ONEW PE vs Consumer Cyclical Sector
| Metric | ONEW | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
ONEW has no meaningful PE right now: it lost money over the past year.
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.
ONEW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.62 | 2.4% above |
| 20 week MA | $10.9 | 9.6% below |
| 50 week MA | $11.1 | 11% below |
| 100 week MA | $13.3 | 26% below |
| 200 week MA | $20.0 | 51% below |
ONEW has the edge over NIO on trend strength, trading above more of its moving averages.
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.
ONEW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $15.1 | $29.8 | +97% |
| 2021 | $29.8 | $53.2 | +79% |
| 2022 | $53.2 | $28.2 | -47% |
| 2023 | $28.2 | $33.8 | +20% |
| 2024 | $33.8 | $17.7 | -47% |
| 2025 | $17.7 | $10.6 | -41% |
| 2026 YTD | $10.6 | $9.85 | -6.6% |
ONEW has the edge over NIO on returns for 2026, with the stronger performance.