NIO
NIO Inc.
NIO's outlook is improving, though it still trails on the overall score.
SHOO
Steven Madden, Ltd.
SHOO has the edge over NIO overall, supported by stronger modeled upside and lower modeled downside.
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.
SHOO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Healthy |
SHOO's revenue, profitability, cash flow and balance sheet are all currently healthy.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
SHOO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $28.23 | -31% |
| Current | 17x | $41.18 | — |
| Forward | 17x | $41.18 | — |
| Fair | 18x | $44.77 | +8.7% |
| Expensive | 46x | $113 | +174% |
Historical ranges are pointers, not guarantees.
SHOO's PE is in its fair range at 16.9x. On analysts' estimates for next year's earnings, today's price would be 16.6x.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
SHOO Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for SHOO, 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.
SHOO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.48 | +2.1% |
| Q3 2026 | $2.43 | +208% |
| Q2 2026 | $2.00 | +57% |
| Q1 2026 | $1.06 | -54% |
| Q4 2025 | $0.63 | -73% |
| Q3 2025 | $0.79 | -66% |
| Q2 2025 | $1.27 | -48% |
| Q1 2025 | $2.32 | -4.1% |
| Q4 2024 | $2.35 | +2.2% |
SHOO 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.
SHOO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $772.6M | +16% |
| Q2 2026 | $665.9M | +19% |
| Q1 2026 | $653.1M | +18% |
| Q4 2025 | $753.7M | +29% |
| Q3 2025 | $667.9M | +6.9% |
| Q2 2025 | $559M | +6.8% |
| Q1 2025 | $553.5M | +0.2% |
| Q4 2024 | $582.3M | +12% |
SHOO's revenue has grown year over year for 12 quarters in a row: $773M last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.5% | +4.8 points |
| Q2 2026 | 5.9% | +13 points |
| Q1 2026 | 15% | +5.5 points |
| Q4 2025 | 4.8% | -3.2 points |
| Q3 2025 | 4.7% | -7.2 points |
| Q2 2025 | -7.2% | -16 points |
| Q1 2025 | 9.7% | -0.6 points |
| Q4 2024 | 8% | +0.3 points |
SHOO 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 SHOO on cash flow, with more consistent year-over-year improvement.
SHOO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$10.9M | -227% |
| Q2 2026 | $196.1M | +233% |
| Q1 2026 | -$61.2M | -$32.6M |
| Q4 2025 | $80.8M | -15% |
| Q3 2025 | $8.6M | +$15.5M |
| Q2 2025 | $58.8M | -44% |
| Q1 2025 | -$28.7M | -$9M |
| Q4 2024 | $94.6M | -35% |
SHOO usually generates cash, though not every quarter: the latest was −$11M, but it generated $205M over the past year.
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.
SHOO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +413K shares |
| 1 year | +2% | +1.4M shares |
| 3 years | -2% | -1.5M shares |
| 5 years | -11% | -8.7M shares |
| Available history | -13% | -11.1M shares |
SHOO has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $343,000 |
| Q2 2026 | $985,000 |
| Q1 2026 | $7.4M |
| Q4 2025 | $5.2M |
| Q3 2025 | $169,000 |
| Q2 2025 | $428,000 |
| Q1 2025 | $7.8M |
| Q4 2024 | $2.6M |
SHOO spent $14M buying back its own shares over the past year, up 26% 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.
SHOO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 1.1x | Healthy |
| Q2 2025 | 1.1x | Healthy |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -0.8x | Net Cash |
| Q3 2024 | -0.6x | Net Cash |
| Q2 2024 | -0.7x | Net Cash |
| Q1 2024 | -0.6x | Net Cash |
| Q4 2023 | -0.9x | Net Cash |
SHOO's net debt is about 1.1 years of its operating earnings (EBITDA), after holding more cash than debt 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).
SHOO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.6 | Neutral |
| Stochastic | 24.1 | Neutral |
SHOO's weekly RSI is 47 (neutral) and its Stochastic is 24 (neutral).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
SHOO PE vs Consumer Cyclical Sector
| Metric | SHOO | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 5.9% below |
| PE % | 37 | 47 | 10 pts below |
SHOO is trading at 17x 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.
SHOO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $43.5 | 5.3% below |
| 20 week MA | $43.9 | 6.1% below |
| 50 week MA | $41.7 | 1.2% below |
| 100 week MA | $36.3 | 14% above |
| 200 week MA | $37.6 | 9.4% above |
SHOO 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.
SHOO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $42.7 | $34.6 | -19% |
| 2021 | $34.6 | $44.4 | +28% |
| 2022 | $44.4 | $32.5 | -27% |
| 2023 | $32.5 | $42.0 | +29% |
| 2024 | $42.0 | $42.3 | +0.8% |
| 2025 | $42.3 | $43.0 | +1.7% |
| 2026 YTD | $43.0 | $41.2 | -4.3% |
SHOO has the edge over NIO on returns for 2026, with the stronger performance.