NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
PLNT
Planet Fitness, Inc.
PLNT has the edge over NIO overall, supported by stronger valuation and stronger modeled upside.
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.
PLNT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Healthy | |
| Under pressure |
PLNT's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
PLNT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 17x | $60.15 | — |
| Current | 20x | $60.15 | — |
| Cheap | 37x | $110 | +82% |
| Fair | 51x | $150 | +150% |
| Expensive | 148x | $437 | +627% |
Historical ranges are pointers, not guarantees.
PLNT's PE is in its cheap range at 20x. If earnings grow as analysts expect, today's price would be 17x next year's earnings.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
PLNT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for PLNT, 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.
PLNT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.61 | +22% |
| Q3 2026 | $2.95 | +20% |
| Q2 2026 | $2.95 | +31% |
| Q1 2026 | $2.77 | +31% |
| Q4 2025 | $2.62 | +30% |
| Q3 2025 | $2.45 | +32% |
| Q2 2025 | $2.25 | +24% |
| Q1 2025 | $2.12 | +22% |
| Q4 2024 | $2.01 | +24% |
PLNT 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.
PLNT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $360M | +9% |
| Q2 2026 | $365.2M | +7.1% |
| Q1 2026 | $337.2M | +22% |
| Q4 2025 | $376.3M | +11% |
| Q3 2025 | $330.3M | +13% |
| Q2 2025 | $340.9M | +13% |
| Q1 2025 | $276.7M | +12% |
| Q4 2024 | $340.5M | +19% |
PLNT's revenue has grown year over year for 22 quarters in a row: $360M last quarter, up 9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | -4.2 points |
| Q2 2026 | 34% | +3.9 points |
| Q1 2026 | 29% | +0.6 points |
| Q4 2025 | 28% | +1.8 points |
| Q3 2025 | 32% | +4.6 points |
| Q2 2025 | 30% | +1 points |
| Q1 2025 | 29% | +2.1 points |
| Q4 2024 | 26% | +1.3 points |
PLNT 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 has the edge over PLNT on cash flow, with more consistent year-over-year improvement.
PLNT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $28.9M | -62% |
| Q2 2026 | $4M | -59% |
| Q1 2026 | $122M | +12% |
| Q4 2025 | $59M | +738% |
| Q3 2025 | $76.7M | -1.9% |
| Q2 2025 | $9.7M | -76% |
| Q1 2025 | $109.4M | +72% |
| Q4 2024 | $7M | -41% |
PLNT generated $214M in free cash flow over the past year, up 5.5% 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.
PLNT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.4% | -2.6M shares |
| 1 year | -11% | -9.2M shares |
| 3 years | -12% | -10.4M shares |
| 5 years | -11% | -9.4M shares |
| Available history | -8.5% | -6.9M shares |
PLNT has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $51.2M |
| Q2 2026 | $200.1M |
| Q1 2026 | $51.1M |
| Q4 2025 | $350.3M |
| Q3 2025 | $97.9M |
| Q2 2025 | $2.1M |
| Q1 2025 | $50M |
| Q4 2024 | $1M |
PLNT spent $653M buying back its own shares over the past year, about four times what it spent 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.
PLNT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.7x | Elevated |
| Q2 2026 | 4.4x | High |
| Q1 2026 | 4.2x | High |
| Q4 2025 | 4.5x | High |
| Q3 2025 | 4.0x | High |
| Q2 2025 | 4.2x | High |
| Q1 2025 | 4.3x | High |
| Q4 2024 | 4.5x | High |
PLNT's net debt is about 3.7 years of its operating earnings (EBITDA), down from 4.0 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).
PLNT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.5 | Neutral |
| Stochastic | 89.1 | Overbought |
PLNT's weekly RSI is 55 (neutral) and its Stochastic is 89 (overbought).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
PLNT PE vs Consumer Cyclical Sector
| Metric | PLNT | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 18x | 13% above |
| PE % | 8 | 47 | 39 pts below |
PLNT is trading at 20x earnings, a 13% 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.
PLNT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $51.3 | 17% above |
| 20 week MA | $51.8 | 16% above |
| 50 week MA | $67.9 | 11% below |
| 100 week MA | $85.0 | 29% below |
| 200 week MA | $78.1 | 23% below |
PLNT 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 has the edge over PLNT on returns for 2026, with the stronger performance.
PLNT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $75.5 | $77.7 | +3% |
| 2021 | $77.7 | $91.0 | +17% |
| 2022 | $91.0 | $79.1 | -13% |
| 2023 | $79.1 | $73.0 | -7.7% |
| 2024 | $73.0 | $99.8 | +37% |
| 2025 | $99.8 | $109.1 | +9.3% |
| 2026 YTD | $109.1 | $60.2 | -45% |
PLNT is down 45% so far in 2026, after finishing higher in four of the previous six years.