NIO
NIO Inc.
NIO has the edge over WKSP overall, supported by lower modeled downside and stronger fundamentals.
WKSP
Worksport Ltd.
WKSP offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
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.
WKSP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
WKSP's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
WKSP PE Valuation
WKSP has no meaningful PE right now: it lost money over the past year.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect NIO's losses to shrink, with revenue growing.
WKSP Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| -- | |
| Limited | |
| High |
Analysts expect WKSP's losses to shrink, with 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 has the stronger earnings trend. Trailing diluted EPS is down 117% for NIO versus WKSP down 127%.
WKSP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | -$6.50 | +$2.00 |
| Q2 2024 | -$7.40 | +$0.50 |
| Q1 2024 | -$8.10 | -$0.40 |
| Q4 2023 | -$8.40 | -$1.10 |
| Q3 2023 | -$8.50 | +$1.40 |
| Q2 2023 | -$7.90 | +$1.80 |
| Q1 2023 | -$7.70 | +$0.80 |
| Q4 2022 | -$7.30 | +$1.50 |
WKSP is still losing money, but far less than before: $1.78 per share over the past year, against $9.90 at its worst in late 2022.
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's revenue has grown year over year for seven quarters in a row: $4.8B last quarter, up 69% from the same quarter a year ago.
| 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 has the edge over WKSP on profitability, with a higher operating margin.
WKSP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.2M | +44% |
| Q2 2026 | $5.2M | +27% |
| Q1 2026 | $3.3M | +48% |
| Q4 2025 | $4.7M | +62% |
| Q3 2025 | $5M | +61% |
| Q2 2025 | $4.1M | +114% |
| Q1 2025 | $2.2M | +337% |
| Q4 2024 | $2.9M | +249% |
WKSP has the edge over NIO on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -47% | +48 points |
| Q2 2026 | -73% | +15 points |
| Q1 2026 | -173% | +17 points |
| Q4 2025 | -129% | +7.7 points |
| Q3 2025 | -96% | +30 points |
| Q2 2025 | -88% | +115 points |
| Q1 2025 | -190% | +520 points |
| Q4 2024 | -137% | +286 points |
WKSP's operating margin was −47% last quarter, up 48 points from the same quarter a year ago, near the top of its range since 2020.
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 has the edge over WKSP on cash flow, with more consistent year-over-year improvement.
WKSP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$399.9K | +$4.2M |
| Q2 2026 | -$3.5M | -$347.4K |
| Q1 2026 | -$8.3M | -$4.3M |
| Q4 2025 | -$6.3M | -$4.1M |
| Q3 2025 | -$4.6M | -$2.9M |
| Q2 2025 | -$3.2M | +$586K |
| Q1 2025 | -$4M | -$1M |
| Q4 2024 | -$2.2M | +$1.8M |
WKSP has burned cash in almost every quarter: −$19M over the past year, against −$14M the year before.
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 the edge over WKSP on shareholder dilution, with a more favorable share count trend.
| 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.
WKSP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +15% | +1.7M shares |
| 1 year | +157% | +8.3M shares |
| 3 years | +697% | +11.9M shares |
| 5 years | +4662% | +13.3M shares |
WKSP has 14M diluted shares, up 157% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
NIO Net Leverage
NIO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
WKSP Net Leverage
WKSP's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
WKSP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.1 | Neutral |
| Stochastic | 7.3 | Oversold |
WKSP's weekly RSI is 34 (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.
WKSP PE vs Consumer Cyclical Sector
WKSP has no meaningful PE right now: it lost money over the past year.
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.
WKSP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.36 | 2.8% below |
| 20 week MA | $0.53 | 34% below |
| 50 week MA | $1.09 | 68% below |
| 100 week MA | $2.75 | 87% below |
| 200 week MA | $8.50 | 96% below |
WKSP is in a downtrend: it's below all five of its weekly moving averages, and 96% 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 has the edge over WKSP on returns for 2026, with the stronger performance.
WKSP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.8 | $25.6 | +100% |
| 2021 | $25.6 | $29.2 | +14% |
| 2022 | $29.2 | $12.0 | -59% |
| 2023 | $12.0 | $14.9 | +24% |
| 2024 | $14.9 | $9.20 | -38% |
| 2025 | $9.20 | $2.34 | -75% |
| 2026 YTD | $2.34 | $0.35 | -85% |
WKSP's yearly returns have swung widely, from +100% in 2020 to −75% in 2025. It's down 85% so far in 2026.