NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
TRS
TriMas Corporation
TRS 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.
TRS Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| Under pressure | |
| Strong |
TRS's profitability and balance sheet are currently healthy, but its revenue and cash flow are under pressure.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
TRS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 1.6x | $37.62 | — |
| Cheap | 12x | $286 | +661% |
| Forward | 19x | $37.62 | — |
| Fair | 21x | $504 | +1238% |
| Expensive | 33x | $795 | +2012% |
Historical ranges are pointers, not guarantees.
TRS's PE is in its cheap range at 1.6x. On analysts' estimates for next year's earnings, today's price would be 19x.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over TRS on the outlook, with more favorable revenue expectations.
TRS Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect TRS'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.
TRS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.03 | -92% |
| Q2 2026 | $24.03 | +2541% |
| Q1 2026 | $24.07 | +3026% |
| Q4 2025 | $2.97 | +403% |
| Q3 2025 | $1.08 | +69% |
| Q2 2025 | $0.91 | -7.1% |
| Q1 2025 | $0.77 | -21% |
| Q4 2024 | $0.59 | -39% |
| Q3 2024 | $0.64 | -48% |
TRS 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 has the edge over TRS on sales, with more consistent year-over-year improvement.
| 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.
TRS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $174.6M | -36% |
| Q1 2026 | $168.3M | -30% |
| Q4 2025 | $155.5M | -32% |
| Q3 2025 | $269.3M | +17% |
| Q2 2025 | $274.8M | +14% |
| Q1 2025 | $241.7M | +6.4% |
| Q4 2024 | $228.1M | +8.8% |
| Q3 2024 | $229.4M | -2.5% |
TRS's revenue has slid since its 2025 peak: $175M last quarter, down 36% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.2% | -3.6 points |
| Q1 2026 | 4.1% | -4.9 points |
| Q4 2025 | -16% | -19 points |
| Q3 2025 | 6.2% | +2.6 points |
| Q2 2025 | 9.9% | +2.4 points |
| Q1 2025 | 9% | +3.5 points |
| Q4 2024 | 3.8% | -1.8 points |
| Q3 2024 | 3.6% | -6.5 points |
TRS 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.
TRS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$45M | -440% |
| Q1 2026 | -$24.6M | -$20.9M |
| Q4 2025 | $36.8M | +204% |
| Q3 2025 | $22.8M | +125% |
| Q2 2025 | $13.2M | +76% |
| Q1 2025 | -$3.8M | +$13.2M |
| Q4 2024 | $12.1M | +6.7% |
| Q3 2024 | $10.2M | -52% |
TRS 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.
TRS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.2% | -1.2M shares |
| 1 year | -12% | -4.7M shares |
| 3 years | -13% | -5.4M shares |
| 5 years | -16% | -7.1M shares |
| Available history | -20% | -9.2M shares |
TRS has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $18.9M |
| Q1 2026 | $54.5M |
| Q4 2025 | $101.1M |
| Q3 2025 | — |
| Q2 2025 | $1.8M |
| Q1 2025 | $460,000 |
| Q4 2024 | — |
| Q3 2024 | $2.4M |
TRS spent $175M buying back its own shares over the past year, more than ten times what it spent 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.
TRS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -14.4x | Net Cash |
| Q1 2026 | -11.5x | Net Cash |
| Q4 2025 | 4.5x | High |
| Q3 2025 | 2.7x | Moderate |
| Q2 2025 | 3.0x | Elevated |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | 3.4x | Elevated |
| Q3 2024 | 3.6x | Elevated |
TRS has more cash than debt.
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).
TRS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 27.0 | Neutral |
TRS's weekly RSI is 45 (neutral) and its Stochastic is 27 (neutral).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
TRS PE vs Consumer Cyclical Sector
| Metric | TRS | Sector median | Relative |
|---|---|---|---|
| PE | 1.6x | 18x | 91% below |
| PE % | 0 | 47 | 47 pts below |
TRS is trading at 1.6x earnings, a 91% 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.
TRS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $38.6 | 2.6% below |
| 20 week MA | $39.4 | 4.4% below |
| 50 week MA | $38.2 | 1.5% below |
| 100 week MA | $33.6 | 12% above |
| 200 week MA | $29.9 | 26% above |
TRS 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.
TRS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $31.2 | $32.0 | +2.6% |
| 2021 | $32.0 | $34.8 | +8.5% |
| 2022 | $34.8 | $27.8 | -20% |
| 2023 | $27.8 | $25.3 | -8.7% |
| 2024 | $25.3 | $24.6 | -3% |
| 2025 | $24.6 | $36.1 | +47% |
| 2026 YTD | $36.1 | $37.6 | +4.1% |
TRS has the edge over NIO on returns for 2026, with the stronger performance.