NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
VFC
V.F. Corporation
VFC has the edge over NIO overall, supported by stronger valuation 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.
VFC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Under pressure |
VFC's profitability and cash flow are currently healthy, and its revenue is 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.
VFC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 16x | $20.03 | — |
| Cheap | 17x | $15.91 | -21% |
| Current | 22x | $20.03 | — |
| Fair | 27x | $24.83 | +24% |
| Expensive | 63x | $58.30 | +191% |
Historical ranges are pointers, not guarantees.
VFC's PE is in its cheap range at 22x. If earnings grow as analysts expect, today's price would be 16x next year's earnings.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over VFC on the outlook, with more favorable revenue expectations.
VFC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect VFC's earnings to grow and its profitability to improve, with its revenue holding steady. 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.
VFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.22 | +32% |
| Q3 2026 | $0.93 | +288% |
| Q2 2026 | $0.69 | +$0.80 |
| Q1 2026 | $0.64 | +$1.12 |
| Q4 2025 | $0.57 | +$1.75 |
| Q3 2025 | $0.24 | +$1.96 |
| Q2 2025 | -$0.11 | +$2.90 |
| Q1 2025 | -$0.48 | +$2.01 |
| Q4 2024 | -$1.18 | +$0.79 |
VFC 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 VFC 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.
VFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.7B | -3.8% |
| Q2 2026 | $1.7B | -5.2% |
| Q1 2026 | $2.2B | +1% |
| Q4 2025 | $2.9B | +1.5% |
| Q3 2025 | $2.8B | +1.6% |
| Q2 2025 | $1.8B | -7.7% |
| Q1 2025 | $2.1B | -9.7% |
| Q4 2024 | $2.8B | -4.3% |
VFC's revenue fell from its 2022 peak and has held roughly level since: $2.7B last quarter, down 3.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +2.5 points |
| Q2 2026 | -5% | -0.1 points |
| Q1 2026 | 2.8% | +6.2 points |
| Q4 2025 | 10% | +2.1 points |
| Q3 2025 | 11% | +1.2 points |
| Q2 2025 | -4.9% | +7.7 points |
| Q1 2025 | -3.4% | +12 points |
| Q4 2024 | 8% | +9.1 points |
VFC 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.
VFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$190.7M | +$62.9M |
| Q2 2026 | -$102.1M | +$71.6M |
| Q1 2026 | $5.9M | +$198.9M |
| Q4 2025 | $977.9M | +8.7% |
| Q3 2025 | -$253.5M | +$68.8M |
| Q2 2025 | -$173.7M | -$168.3M |
| Q1 2025 | -$193M | -$75.7M |
| Q4 2024 | $899.7M | -18% |
VFC 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.
VFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.9% | +7.6M shares |
| 1 year | +1.4% | +5.7M shares |
| 3 years | +2.9% | +11.3M shares |
| 5 years | +1.4% | +5.7M shares |
| Available history | -0.2% | -642K shares |
VFC has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2023 | — |
| Q1 2022 | $50M |
| Q1 2021 | — |
| Q1 2020 | $500M |
| Q4 2019 | $500M |
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
VFC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.5x | Elevated |
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 3.2x | Elevated |
| Q4 2025 | 3.7x | Elevated |
| Q3 2025 | 6.5x | High |
| Q2 2025 | 6.5x | High |
| Q1 2025 | 7.9x | High |
| Q4 2024 | 18.4x | High |
VFC's net debt is about 3.5 years of its operating earnings (EBITDA), down from 6.5 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).
VFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 66.5 | Neutral |
| Stochastic | 90.4 | Overbought |
VFC's weekly RSI is 66 (neutral) and its Stochastic is 90 (overbought).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
VFC PE vs Consumer Cyclical Sector
| Metric | VFC | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 18x | 20% above |
| PE % | 31 | 47 | 16 pts below |
VFC is trading at 22x earnings, a 20% 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 |
NIO is in a downtrend: it's below all five of its weekly moving averages, and 49% below its 200-week average.
VFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $17.0 | 18% above |
| 20 week MA | $15.8 | 27% above |
| 50 week MA | $17.4 | 15% above |
| 100 week MA | $16.7 | 20% above |
| 200 week MA | $17.5 | 14% above |
VFC 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.
VFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $100.0 | $83.9 | -16% |
| 2021 | $83.9 | $69.5 | -17% |
| 2022 | $69.5 | $26.1 | -62% |
| 2023 | $26.1 | $18.8 | -28% |
| 2024 | $18.8 | $21.8 | +16% |
| 2025 | $21.8 | $18.5 | -15% |
| 2026 YTD | $18.5 | $20.0 | +8.3% |
VFC has the edge over NIO on returns for 2026, with the stronger performance.