NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
SMP
Standard Motor Products, Inc.
SMP has the edge over NIO overall, supported by stronger valuation 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.
SMP Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
SMP's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
SMP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.2x | $43.95 | — |
| Cheap | 13x | $39.94 | -9.1% |
| Current | 14x | $43.95 | — |
| Fair | 18x | $54.47 | +24% |
| Expensive | 23x | $68.65 | +56% |
Historical ranges are pointers, not guarantees.
SMP's PE is in its cheap range at 14x. If earnings grow as analysts expect, today's price would be 9.2x next year's earnings.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over SMP on the outlook, with more favorable revenue expectations.
SMP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect SMP's earnings to grow and its profitability to improve, with its revenue holding 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.
SMP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.80 | +58% |
| Q3 2026 | $3.04 | +116% |
| Q2 2026 | $2.23 | +26% |
| Q1 2026 | $2.03 | +44% |
| Q4 2025 | $1.84 | +48% |
| Q3 2025 | $1.41 | -13% |
| Q2 2025 | $1.77 | +1.1% |
| Q1 2025 | $1.41 | +1.4% |
| Q4 2024 | $1.24 | -19% |
SMP 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.
SMP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $507.8M | +1.8% |
| Q2 2026 | $501.6M | +1.6% |
| Q1 2026 | $451.2M | +9.1% |
| Q4 2025 | $385.1M | +12% |
| Q3 2025 | $498.8M | +25% |
| Q2 2025 | $493.9M | +27% |
| Q1 2025 | $413.4M | +25% |
| Q4 2024 | $343.4M | +18% |
SMP's revenue has grown year over year for 11 quarters in a row: $508M last quarter, up 1.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.9% | +0.3 points |
| Q2 2026 | 10% | +1.5 points |
| Q1 2026 | 7.6% | +1.6 points |
| Q4 2025 | 5.6% | +4.5 points |
| Q3 2025 | 9.6% | +0.3 points |
| Q2 2025 | 8.7% | +2.3 points |
| Q1 2025 | 5.9% | +1.5 points |
| Q4 2024 | 1.1% | -2.3 points |
SMP 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.
SMP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $140.3M | +72% |
| Q2 2026 | $92M | +108% |
| Q1 2026 | -$48.7M | +$20.7M |
| Q4 2025 | -$37.6M | -$26.2M |
| Q3 2025 | $81.5M | +5.7% |
| Q2 2025 | $44.2M | +94% |
| Q1 2025 | -$69.4M | -$13.6M |
| Q4 2024 | -$11.4M | -1702% |
SMP 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.
SMP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +102K shares |
| 1 year | +1.8% | +395K shares |
| 3 years | +3.2% | +713K shares |
| 5 years | +1.9% | +423K shares |
| Available history | +0.6% | +148K shares |
SMP has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $37,000 |
| Q2 2026 | — |
| Q1 2026 | $283,000 |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $19,000 |
SMP has spent almost nothing on buybacks in 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.
SMP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 3.1x | Elevated |
| Q4 2025 | 3.0x | Elevated |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 4.0x | Elevated |
| Q1 2025 | 4.8x | High |
| Q4 2024 | 4.6x | High |
SMP's net debt is about 1.9 years of its operating earnings (EBITDA), down from 3.1 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).
SMP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.5 | Neutral |
| Stochastic | 79.6 | Neutral |
SMP's weekly RSI is 62 (neutral) and its Stochastic is 80 (neutral).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
SMP PE vs Consumer Cyclical Sector
| Metric | SMP | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 18x | 20% below |
| PE % | 24 | 47 | 23 pts below |
SMP is trading at 14x earnings, a 20% discount 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.
SMP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.6 | 11% above |
| 20 week MA | $39.0 | 13% above |
| 50 week MA | $38.8 | 13% above |
| 100 week MA | $35.7 | 23% above |
| 200 week MA | $35.2 | 25% above |
SMP 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.
SMP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $53.4 | $41.4 | -22% |
| 2021 | $41.4 | $51.9 | +25% |
| 2022 | $51.9 | $35.0 | -32% |
| 2023 | $35.0 | $39.8 | +14% |
| 2024 | $39.8 | $31.0 | -22% |
| 2025 | $31.0 | $37.5 | +21% |
| 2026 YTD | $37.5 | $44.0 | +17% |
SMP has the edge over NIO on returns for 2026, with the stronger performance.