NIO
NIO Inc.
NIO has slightly lower modeled downside risk, despite its lower overall score.
VSXY
Victoria's Secret & Company
VSXY has the edge over NIO overall, supported by 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.
VSXY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
VSXY'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.
VSXY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.8x | $30.32 | -71% |
| Fair | 14x | $60.95 | -42% |
| Forward | 20x | $105 | — |
| Current | 23x | $105 | — |
| Expensive | 24x | $108 | +3.3% |
Historical ranges are pointers, not guarantees.
VSXY's PE is in its expensive range at 23x. If earnings grow as analysts expect, today's price would be 20x next year's earnings.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
VSXY Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for VSXY, 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.
VSXY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.24 | +17% |
| Q3 2026 | $4.49 | +139% |
| Q2 2026 | $2.51 | +21% |
| Q1 2026 | $1.93 | -5.9% |
| Q4 2025 | $2.13 | +8.7% |
| Q3 2025 | $1.88 | +7.4% |
| Q2 2025 | $2.08 | +56% |
| Q1 2025 | $2.05 | +47% |
| Q4 2024 | $1.96 | +69% |
VSXY 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 VSXY on sales, with stronger typical year-over-year growth.
| 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.
VSXY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.6B | +10% |
| Q2 2026 | $1.6B | +15% |
| Q1 2026 | $2.3B | +7.7% |
| Q4 2025 | $1.5B | +9.3% |
| Q3 2025 | $1.5B | +3% |
| Q2 2025 | $1.4B | -0.4% |
| Q1 2025 | $2.1B | +1.1% |
| Q4 2024 | $1.3B | +6.5% |
VSXY's revenue has grown year over year for five quarters in a row: $1.6B last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +13 points |
| Q2 2026 | 4.9% | +3.4 points |
| Q1 2026 | 10% | -2.6 points |
| Q4 2025 | -1.3% | +2.2 points |
| Q3 2025 | 2.8% | -1.6 points |
| Q2 2025 | 1.5% | -0.4 points |
| Q1 2025 | 13% | +0.3 points |
| Q4 2024 | -3.5% | +1.8 points |
VSXY 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.
VSXY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $328M | +273% |
| Q2 2026 | -$191M | +$2M |
| Q1 2026 | $649M | +0.5% |
| Q4 2025 | -$232M | +$67M |
| Q3 2025 | $88M | +60% |
| Q2 2025 | -$193M | -$38M |
| Q1 2025 | $646M | +16% |
| Q4 2024 | -$299M | -$38M |
VSXY 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.
VSXY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -1M shares |
| 1 year | +2.4% | +2M shares |
| 3 years | +9.1% | +7M shares |
| 5 years | -4.9% | -4.4M shares |
VSXY has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $100M |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
VSXY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 2.0x | Healthy |
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | 1.7x | Healthy |
| Q1 2025 | 1.3x | Healthy |
| Q4 2024 | 2.2x | Moderate |
VSXY's net debt is less than a year of its operating earnings (EBITDA), down from 1.6 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).
VSXY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.4 | Neutral |
| Stochastic | 83.0 | Overbought |
VSXY's weekly RSI is 65 (neutral) and its Stochastic is 83 (overbought).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
VSXY PE vs Consumer Cyclical Sector
| Metric | VSXY | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 18x | 29% above |
| PE % | 82 | 55 | 27 pts above |
VSXY is trading at 23x earnings, a 29% 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.
VSXY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $93.1 | 12% above |
| 20 week MA | $87.2 | 20% above |
| 50 week MA | $69.2 | 51% above |
| 100 week MA | $47.9 | 119% above |
| 200 week MA | $36.4 | 188% above |
VSXY 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.
VSXY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $42.1 | $49.1 | +17% |
| 2022 | $49.1 | $40.4 | -18% |
| 2023 | $40.4 | $26.5 | -34% |
| 2024 | $26.5 | $42.3 | +59% |
| 2025 | $42.3 | $53.8 | +27% |
| 2026 YTD | $53.8 | $104.6 | +94% |
VSXY has the edge over NIO on returns for 2026, with the stronger performance.