NIO
NIO Inc.
NIO's outlook is improving, though it still trails on the overall score.
SN
SharkNinja, Inc.
SN has the edge over NIO overall, supported by lower modeled downside 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.
SN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
SN'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.
SN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 26x | $155 | -29% |
| Forward | 30x | $220 | — |
| Fair | 36x | $214 | -2.8% |
| Current | 37x | $220 | — |
| Expensive | 55x | $329 | +50% |
Historical ranges are pointers, not guarantees.
SN's PE is in its fair range at 37x. If earnings grow as analysts expect, today's price would be 30x 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.
SN Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for SN, 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.
SN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.26 | +22% |
| Q3 2026 | $5.96 | +47% |
| Q2 2026 | $4.90 | +34% |
| Q1 2026 | $4.96 | +57% |
| Q4 2025 | $4.94 | +59% |
| Q3 2025 | $4.05 | +59% |
| Q2 2025 | $3.66 | +110% |
| Q1 2025 | $3.16 | +134% |
| Q4 2024 | $3.11 | +159% |
SN 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.
SN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2B | +21% |
| Q2 2026 | $1.8B | +22% |
| Q1 2026 | $1.4B | +16% |
| Q4 2025 | $2.1B | +18% |
| Q3 2025 | $1.6B | +14% |
| Q2 2025 | $1.4B | +16% |
| Q1 2025 | $1.2B | +15% |
| Q4 2024 | $1.8B | +30% |
SN's revenue has grown year over year every quarter since early 2023: $2B last quarter, up 21% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | +5.9 points |
| Q2 2026 | 10% | -1.5 points |
| Q1 2026 | 12% | -0.2 points |
| Q4 2025 | 16% | +4.9 points |
| Q3 2025 | 17% | +3.9 points |
| Q2 2025 | 12% | +3.3 points |
| Q1 2025 | 12% | -2.8 points |
| Q4 2024 | 11% | +4.2 points |
SN 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.
SN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$209.7M | -343% |
| Q2 2026 | $382.6M | +$419.2M |
| Q1 2026 | -$190.2M | -$98.5M |
| Q4 2025 | $523.3M | +19% |
| Q3 2025 | $86.2M | +$151.2M |
| Q2 2025 | -$36.5M | +$57.5M |
| Q1 2025 | -$91.7M | -639% |
| Q4 2024 | $441.4M | +237% |
SN 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.
SN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +14.5K shares |
| 1 year | -0.4% | -598K shares |
| 3 years | +1.5% | +2.1M shares |
SN has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $50.5M |
| Q2 2026 | $100.7M |
| Q1 2026 | $18.5M |
| Q4 2025 | — |
| Q3 2025 | $1.1M |
| Q2 2025 | $788,000 |
| Q1 2025 | $48.4M |
| Q4 2024 | $11.4M |
SN spent $170M buying back its own shares over the past year, up 175% 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.
SN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.2x | Very low |
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 0.9x | Very low |
| Q1 2025 | 0.9x | Very low |
| Q4 2024 | 0.8x | Very low |
SN's net debt is less than a year of its operating earnings (EBITDA).
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).
SN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 74.4 | Overbought |
| Stochastic | 91.2 | Overbought |
SN's weekly RSI is 74 (overbought) and its Stochastic is 91 (overbought).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
SN PE vs Consumer Cyclical Sector
| Metric | SN | Sector median | Relative |
|---|---|---|---|
| PE | 37x | 18x | 105% above |
| PE % | 52 | 33 | 19 pts above |
SN is trading at 37x earnings, a 105% 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 |
SN has stronger trend alignment. NIO is above 0 of 5 weekly averages versus SN above 4 of 4.
SN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $197.4 | 12% above |
| 20 week MA | $179.5 | 23% above |
| 50 week MA | $142.3 | 55% above |
| 100 week MA | $120.7 | 82% above |
SN is in an uptrend: it's above all four of its weekly moving averages, and 82% above its 100-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's yearly returns have swung widely, from +1791% in 2020 to −64% in 2022. It's down 40% so far in 2026.
SN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $26.9 | $51.2 | +90% |
| 2024 | $51.2 | $97.3 | +90% |
| 2025 | $97.3 | $114.0 | +17% |
| 2026 YTD | $114.0 | $220.1 | +93% |
SN has the edge over NIO on returns for 2026, with the stronger performance.