NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
RCL
Royal Caribbean Cruises Ltd.
RCL has the edge over NIO overall, supported by lower modeled downside and stronger 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.
RCL Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Stable | |
| Under pressure |
RCL's profitability is currently strong, and its revenue and cash flow are 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.
RCL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $276 | -14% |
| Forward | 16x | $322 | — |
| Fair | 19x | $327 | +1.6% |
| Current | 19x | $322 | — |
| Expensive | 25x | $427 | +33% |
Historical ranges are pointers, not guarantees.
RCL's PE is in its fair range at 19x. If earnings grow as analysts expect, today's price would be 16x 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.
RCL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for RCL, with profitability improving.
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.
RCL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $19.91 | +18% |
| Q3 2026 | $16.89 | +12% |
| Q2 2026 | $16.18 | +19% |
| Q1 2026 | $16.39 | +33% |
| Q4 2025 | $15.61 | +43% |
| Q3 2025 | $15.12 | +54% |
| Q2 2025 | $13.59 | +47% |
| Q1 2025 | $12.29 | +57% |
| Q4 2024 | $10.94 | +73% |
RCL 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.
RCL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.6B | +8.8% |
| Q2 2026 | $4.8B | +6.5% |
| Q1 2026 | $4.5B | +11% |
| Q4 2025 | $4.3B | +13% |
| Q3 2025 | $5.1B | +5.2% |
| Q2 2025 | $4.5B | +10% |
| Q1 2025 | $4B | +7.3% |
| Q4 2024 | $3.8B | +13% |
RCL's revenue has grown year over year for 21 quarters in a row: $5.6B last quarter, up 8.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 33% | +0.3 points |
| Q2 2026 | 27% | -2.2 points |
| Q1 2026 | 26% | +2.5 points |
| Q4 2025 | 22% | +5.3 points |
| Q3 2025 | 33% | -0.3 points |
| Q2 2025 | 29% | +2.6 points |
| Q1 2025 | 24% | +3.5 points |
| Q4 2024 | 17% | -0.5 points |
RCL 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.
RCL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $937M | +$1.9B |
| Q2 2026 | -$877M | -196% |
| Q1 2026 | $1.3B | +11% |
| Q4 2025 | $116M | -87% |
| Q3 2025 | -$989M | -276% |
| Q2 2025 | $910M | +$1.5B |
| Q1 2025 | $1.2B | +10% |
| Q4 2024 | $915M | +$2.4B |
RCL 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.
RCL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -2.2% | -6M shares |
| 3 years | -4.9% | -13.9M shares |
| 5 years | +5.2% | +13.3M shares |
| Available history | +28% | +58.1M shares |
RCL has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $199M |
| Q1 2026 | $836M |
| Q4 2025 | $504M |
| Q3 2025 | $414M |
| Q2 2025 | — |
| Q1 2025 | $241M |
| Q3 2020 | — |
RCL spent $1.5B buying back its own shares over 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.
RCL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.0x | Elevated |
| Q2 2026 | 3.2x | Elevated |
| Q1 2026 | 3.0x | Moderate |
| Q4 2025 | 3.1x | Elevated |
| Q3 2025 | 3.2x | Elevated |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 3.2x | Elevated |
| Q4 2024 | 3.5x | Elevated |
RCL's net debt is about 3.0 years of its operating earnings (EBITDA), down from 3.2 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).
RCL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.2 | Neutral |
| Stochastic | 83.5 | Overbought |
RCL's weekly RSI is 60 (neutral) and its Stochastic is 84 (overbought).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
RCL PE vs Consumer Cyclical Sector
| Metric | RCL | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 18x | 5.8% above |
| PE % | 46 | 47 | 1 pt below |
RCL is trading at 19x earnings, in line with 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.
RCL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $289.2 | 11% above |
| 20 week MA | $288.1 | 12% above |
| 50 week MA | $287.5 | 12% above |
| 100 week MA | $279.3 | 15% above |
| 200 week MA | $201.8 | 60% above |
RCL 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.
RCL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $133.3 | $70.7 | -47% |
| 2021 | $70.7 | $79.5 | +13% |
| 2022 | $79.5 | $49.8 | -37% |
| 2023 | $49.8 | $129.5 | +160% |
| 2024 | $129.5 | $232.7 | +80% |
| 2025 | $232.7 | $285.7 | +23% |
| 2026 YTD | $285.7 | $322.0 | +13% |
RCL has the edge over NIO on returns for 2026, with the stronger performance.