NIO
NIO Inc.
NIO has the edge over PENN overall, supported by stronger valuation and stronger fundamentals.
PENN
PENN Entertainment, Inc.
PENN's outlook is improving despite an expensive valuation.
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.
PENN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Stable |
PENN's profitability and cash flow are currently healthy, and its revenue and balance sheet are stable.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
PENN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.5x | $0.65 | -96% |
| Forward | 11x | $17.53 | — |
| Fair | 22x | $2.25 | -87% |
| Expensive | 29x | $2.94 | -83% |
| Current | 175x | $17.53 | — |
Historical ranges are pointers, not guarantees.
PENN's PE is in its expensive range at 175x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
PENN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for PENN, with profitability improving. However, they disagree widely on these estimates.
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.
PENN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.60 | +1503% |
| Q3 2026 | $0.10 | +$6.44 |
| Q2 2026 | -$6.17 | -$5.62 |
| Q1 2026 | -$6.53 | -$5.92 |
| Q4 2025 | -$5.83 | -$3.78 |
| Q3 2025 | -$6.34 | -$3.21 |
| Q2 2025 | -$0.55 | +$7.14 |
| Q1 2025 | -$0.61 | +$6.42 |
| Q4 2024 | -$2.05 | +$1.17 |
PENN has the edge over NIO on earnings quality, reporting a profit while its opponent remains loss making.
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.
PENN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +7.1% |
| Q2 2026 | $1.9B | +5.2% |
| Q1 2026 | $1.8B | +6.4% |
| Q4 2025 | $1.8B | +8.2% |
| Q3 2025 | $1.7B | +4.8% |
| Q2 2025 | $1.8B | +6.1% |
| Q1 2025 | $1.7B | +4.1% |
| Q4 2024 | $1.7B | +20% |
PENN's revenue has grown year over year for nine quarters in a row: $1.8B last quarter, up 7.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.9% | +52 points |
| Q2 2026 | 7.1% | +2.7 points |
| Q1 2026 | 5.5% | +2.9 points |
| Q4 2025 | -1% | +1.9 points |
| Q3 2025 | -45% | -49 points |
| Q2 2025 | 4.4% | -0.1 points |
| Q1 2025 | 2.6% | +3.9 points |
| Q4 2024 | -2.9% | +19 points |
PENN 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.
PENN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $204.1M | +2389% |
| Q2 2026 | $143.3M | +662% |
| Q1 2026 | $27.8M | +$111.1M |
| Q4 2025 | -$83.2M | +$34.9M |
| Q3 2025 | $8.2M | -81% |
| Q2 2025 | $18.8M | -70% |
| Q1 2025 | -$83.3M | +$26.8M |
| Q4 2024 | -$118.1M | +$118.9M |
PENN 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.
PENN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -1.7M shares |
| 1 year | -5.6% | -8.1M shares |
| 3 years | -10% | -15.5M shares |
| 5 years | -22% | -37.3M shares |
| Available history | +15% | +17.6M shares |
PENN has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $85M |
| Q3 2025 | $154.1M |
| Q2 2025 | $90.3M |
| Q1 2025 | $25M |
| Q4 2024 | — |
PENN spent $85M buying back its own shares over the past year, down 68% from the year before.
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
PENN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.1x | Moderate |
| Q2 2025 | 3.7x | Elevated |
| Q1 2025 | 3.6x | Elevated |
| Q4 2024 | 4.1x | High |
| Q3 2024 | 7.7x | High |
| Q3 2023 | 4.3x | High |
| Q2 2023 | 1.2x | Healthy |
| Q1 2023 | 1.0x | Healthy |
PENN's net debt is about 2.1 years of its operating earnings (EBITDA), down from 7.7 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).
PENN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.0 | Neutral |
| Stochastic | 44.0 | Neutral |
PENN's weekly RSI is 52 (neutral) and its Stochastic is 44 (neutral).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
PENN PE vs Consumer Cyclical Sector
| Metric | PENN | Sector median | Relative |
|---|---|---|---|
| PE | 175x | 18x | 873% above |
| PE % | 100 | 47 | 53 pts above |
PENN is trading at 175x earnings, a 873% premium to the Consumer Cyclical sector's median of 18x.
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.
PENN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $15.8 | 11% above |
| 20 week MA | $17.8 | 1.6% below |
| 50 week MA | $16.6 | 5.8% above |
| 100 week MA | $17.1 | 2.4% above |
| 200 week MA | $19.8 | 12% below |
PENN 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.
PENN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.7 | $94.7 | +268% |
| 2021 | $94.7 | $51.4 | -46% |
| 2022 | $51.4 | $30.5 | -41% |
| 2023 | $30.5 | $26.0 | -15% |
| 2024 | $26.0 | $18.7 | -28% |
| 2025 | $18.7 | $15.1 | -19% |
| 2026 YTD | $15.1 | $17.5 | +16% |
PENN has the edge over NIO on returns for 2026, with the stronger performance.