NIO
NIO Inc.
NIO lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
QS
QuantumScape Corporation
There isn't enough reported data to score QS yet.
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.
QS Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Under pressure | |
| Unavailable | |
| Unavailable |
QS's profitability is currently under pressure. There isn't enough data to rate its revenue, cash flow and balance sheet.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
QS PE Valuation
QS 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 |
Analysts expect NIO's losses to shrink, with revenue growing.
QS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Stable | |
| -- | |
| Limited | |
| Moderate |
Analysts expect QS's earnings, revenue and profitability to hold roughly 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 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.
QS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.63 | +$0.18 |
| Q2 2026 | -$0.67 | +$0.19 |
| Q1 2026 | -$0.71 | +$0.20 |
| Q4 2025 | -$0.76 | +$0.18 |
| Q3 2025 | -$0.81 | +$0.14 |
| Q2 2025 | -$0.86 | +$0.09 |
| Q1 2025 | -$0.91 | +$0.05 |
| Q4 2024 | -$0.94 | +$0.02 |
QS has the edge over NIO on earnings, with more consistent year-over-year improvement.
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.
QS Quarterly Revenue
QS and NIO do not have enough comparable growth data to identify a winner.
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.
QS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$59.5M | +$14.1M |
| Q2 2026 | -$61.4M | +$8.8M |
| Q1 2026 | -$69.5M | -$2.9M |
| Q4 2025 | -$68.4M | +$1.4M |
| Q3 2025 | -$73.6M | +$37.1M |
| Q2 2025 | -$70.1M | +$13.9M |
| Q1 2025 | -$66.6M | +$5.5M |
| Q4 2024 | -$69.8M | +$1.5M |
QS 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.
QS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +3.5M shares |
| 1 year | +5.4% | +31.8M shares |
| 3 years | +32% | +149M shares |
| 5 years | +48% | +200M shares |
| Available history | +12234% | +616M shares |
QS has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q1 2020 | — |
| Q4 2019 | — |
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
QS Net Leverage
QS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
QS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.4 | Neutral |
| Stochastic | 10.0 | Oversold |
QS's weekly RSI is 31 (neutral) and its Stochastic is 10 (oversold).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
QS PE vs Consumer Cyclical Sector
QS 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.
QS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.29 | 9.6% below |
| 20 week MA | $5.18 | 25% below |
| 50 week MA | $7.10 | 45% below |
| 100 week MA | $7.50 | 48% below |
| 200 week MA | $7.08 | 45% below |
QS is in a downtrend: it's below all five of its weekly moving averages, and 45% below its 200-week average.
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 QS on returns for 2026, with the stronger performance.
QS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.79 | $114.8 | +1072% |
| 2021 | $114.8 | $24.6 | -79% |
| 2022 | $24.6 | $5.60 | -77% |
| 2023 | $5.60 | $6.95 | +24% |
| 2024 | $6.95 | $5.95 | -14% |
| 2025 | $5.95 | $10.9 | +84% |
| 2026 YTD | $10.9 | $3.88 | -64% |
QS's yearly returns have swung widely, from +1072% in 2020 to −79% in 2021. It's down 64% so far in 2026.