NIO
NIO Inc.
NIO has the edge over WGO overall, supported by stronger valuation and stronger fundamentals.
WGO
Winnebago Industries, Inc.
WGO has lower modeled downside risk, despite its lower overall score.
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.
WGO Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Healthy | |
| Stable |
WGO's profitability and cash flow are currently healthy, and its balance sheet is stable, but its revenue is under pressure.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
WGO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6x | $7.31 | -76% |
| Fair | 15x | $18.48 | -40% |
| Forward | 16x | $31.04 | — |
| Expensive | 26x | $31.82 | +2.5% |
| Current | 26x | $31.04 | — |
Historical ranges are pointers, not guarantees.
WGO's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its fair range.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over WGO on the outlook, with more favorable revenue expectations.
WGO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect WGO'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.
WGO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.98 | +63% |
| Q3 2026 | $1.21 | +33% |
| Q2 2026 | $1.36 | +$1.81 |
| Q1 2026 | $1.47 | +$1.58 |
| Q4 2025 | $1.28 | +$1.80 |
| Q3 2025 | $0.91 | +107% |
| Q2 2025 | -$0.45 | -117% |
| Q1 2025 | -$0.11 | -103% |
| Q4 2024 | -$0.52 | -110% |
WGO 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 WGO 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.
WGO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $645.1M | -17% |
| Q2 2026 | $698.7M | -9.9% |
| Q1 2026 | $657.4M | +6% |
| Q4 2025 | $702.7M | +12% |
| Q3 2025 | $777.3M | +7.8% |
| Q2 2025 | $775.1M | -1.4% |
| Q1 2025 | $620.2M | -12% |
| Q4 2024 | $625.6M | -18% |
WGO's revenue fell from its 2022 peak and has held roughly level since: $645M last quarter, down 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.7% | +0.1 points |
| Q2 2026 | 3.3% | -0.6 points |
| Q1 2026 | 1.8% | +0.5 points |
| Q4 2025 | 2% | +2.1 points |
| Q3 2025 | 2.6% | +5.1 points |
| Q2 2025 | 3.9% | -1.6 points |
| Q1 2025 | 1.3% | -3.8 points |
| Q4 2024 | -0.1% | -5.3 points |
WGO 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.
WGO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $135.2M | -21% |
| Q2 2026 | $18.7M | +$54.8M |
| Q1 2026 | -$29.1M | -$10.2M |
| Q4 2025 | $19.8M | +$46.5M |
| Q3 2025 | $171.2M | +480% |
| Q2 2025 | -$36.1M | -141% |
| Q1 2025 | -$18.9M | -233% |
| Q4 2024 | -$26.7M | +$6.5M |
WGO still generates free cash flow, though less than at its 2022 peak: $145M over the past year.
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.
WGO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +0.4% | +100K shares |
| 3 years | -20% | -7M shares |
| 5 years | -17% | -5.7M shares |
| Available history | -12% | -3.9M shares |
WGO has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $1.7M |
| Q3 2025 | $100,000 |
| Q2 2025 | — |
| Q1 2025 | $20M |
| Q4 2024 | $33.6M |
WGO spent $2M buying back its own shares over the past year, down 97% 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.
WGO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.1x | Moderate |
| Q2 2026 | 3.0x | Moderate |
| Q1 2026 | 2.9x | Moderate |
| Q4 2025 | 2.7x | Moderate |
| Q3 2025 | 3.1x | Elevated |
| Q2 2025 | 6.5x | High |
| Q1 2025 | 5.2x | High |
| Q4 2024 | 3.6x | Elevated |
WGO's net debt is about 2.1 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).
WGO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.5 | Neutral |
| Stochastic | 72.5 | Neutral |
WGO's weekly RSI is 53 (neutral) and its Stochastic is 72 (neutral).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
WGO PE vs Consumer Cyclical Sector
| Metric | WGO | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 18x | 42% above |
| PE % | 82 | 47 | 35 pts above |
WGO is trading at 26x earnings, a 42% 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.
WGO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $27.8 | 12% above |
| 20 week MA | $29.3 | 5.8% above |
| 50 week MA | $33.8 | 8.2% below |
| 100 week MA | $35.1 | 12% below |
| 200 week MA | $48.6 | 36% below |
WGO 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.
WGO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $53.2 | $65.3 | +23% |
| 2021 | $65.3 | $71.2 | +8.9% |
| 2022 | $71.2 | $53.3 | -25% |
| 2023 | $53.3 | $72.9 | +37% |
| 2024 | $72.9 | $46.9 | -36% |
| 2025 | $46.9 | $41.9 | -11% |
| 2026 YTD | $41.9 | $31.0 | -26% |
WGO has the edge over NIO on returns for 2026, with the stronger performance.