NIO
NIO Inc.
NIO has a slight edge over WINA overall, supported by stronger fundamentals and stronger modeled upside.
WINA
Winmark Corporation
WINA has slightly 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.
WINA Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Healthy |
WINA'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.
WINA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 21x | $240 | -12% |
| Current | 24x | $272 | — |
| Fair | 28x | $312 | +15% |
| Expensive | 36x | $403 | +48% |
Historical ranges are pointers, not guarantees.
WINA's PE is in its fair range at 24x.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
WINA Forward outlook
There aren't enough analyst estimates for WINA to show an outlook.
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.
WINA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $11.20 | -0.2% |
| Q2 2026 | $11.01 | -2% |
| Q1 2026 | $11.09 | -0.9% |
| Q4 2025 | $11.30 | +3.8% |
| Q3 2025 | $11.22 | +2.6% |
| Q2 2025 | $11.23 | +2.5% |
| Q1 2025 | $11.19 | +2.1% |
| Q4 2024 | $10.89 | -1.4% |
WINA 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 WINA 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.
WINA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $27.9M | +23% |
| Q2 2026 | $22M | +7.6% |
| Q1 2026 | $20.8M | -4.9% |
| Q4 2025 | $21.1M | +7.9% |
| Q3 2025 | $22.6M | +5.2% |
| Q2 2025 | $20.4M | +1.5% |
| Q1 2025 | $21.9M | +9% |
| Q4 2024 | $19.5M | -2.5% |
WINA's revenue has picked up after three years of holding roughly level: $28M last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 57% | -9.3 points |
| Q2 2026 | 62% | -1.9 points |
| Q1 2026 | 59% | -2.7 points |
| Q4 2025 | 62% | -3.6 points |
| Q3 2025 | 66% | -3.5 points |
| Q2 2025 | 64% | -0.7 points |
| Q1 2025 | 62% | +1.3 points |
| Q4 2024 | 65% | +2.8 points |
WINA 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.
WINA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $12.7M | +4.4% |
| Q2 2026 | $10.7M | +19% |
| Q1 2026 | $11.9M | -21% |
| Q4 2025 | $8.5M | +0.5% |
| Q3 2025 | $12.2M | +0.6% |
| Q2 2025 | $9M | +11% |
| Q1 2025 | $15M | +13% |
| Q4 2024 | $8.5M | -2.4% |
WINA 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.
WINA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -10.3K shares |
| 1 year | -0.2% | -7.5K shares |
| 3 years | +0.9% | +31.9K shares |
| 5 years | -2.6% | -97.2K shares |
| Available history | -10% | -415K shares |
WINA has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $8.1M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $168,800 |
| Q1 2025 | $2.2M |
| Q4 2022 | $838,600 |
| Q3 2022 | $433,700 |
| Q2 2022 | $11.3M |
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
WINA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.9x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.6x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 0.9x | Very low |
WINA'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).
WINA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.3 | Neutral |
| Stochastic | 6.8 | Oversold |
WINA's weekly RSI is 35 (neutral) and its Stochastic is 7 (oversold).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
WINA PE vs Consumer Cyclical Sector
| Metric | WINA | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 18x | 35% above |
| PE % | 39 | 47 | 8 pts below |
WINA is trading at 24x earnings, a 35% 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.
WINA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $287.9 | 5.6% below |
| 20 week MA | $324.0 | 16% below |
| 50 week MA | $379.4 | 28% below |
| 100 week MA | $389.0 | 30% below |
| 200 week MA | $376.0 | 28% below |
WINA is in a downtrend: it's below all five of its weekly moving averages, and 28% below its 200-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.
WINA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $196.2 | $184.0 | -6.2% |
| 2021 | $184.0 | $241.9 | +31% |
| 2022 | $241.9 | $238.4 | -1.5% |
| 2023 | $238.4 | $417.6 | +75% |
| 2024 | $417.6 | $396.2 | -5.1% |
| 2025 | $396.2 | $410.2 | +3.5% |
| 2026 YTD | $410.2 | $271.7 | -34% |
WINA has the edge over NIO on returns for 2026, with the stronger performance.