NIO
NIO Inc.
NIO offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
WOOF
Petco Health and Wellness Company, Inc.
WOOF 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.
WOOF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
WOOF's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
NIO PE Valuation
NIO has no meaningful PE right now: it lost money over the past year.
WOOF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $2.87 | — |
| Cheap | 24x | $2.40 | -16% |
| Current | 29x | $2.87 | — |
| Fair | 34x | $3.38 | +18% |
| Expensive | 97x | $9.73 | +239% |
Historical ranges are pointers, not guarantees.
WOOF's PE is in its fair range at 29x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap range.
NIO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
NIO has the edge over WOOF on the outlook, with more favorable revenue expectations.
WOOF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect WOOF's earnings to grow and its profitability to improve, with its 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 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.
WOOF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.25 | +150% |
| Q3 2026 | $0.10 | +$0.20 |
| Q1 2024 | -$4.78 | -1506% |
| Q4 2023 | -$4.56 | -1525% |
| Q3 2023 | $0.14 | -69% |
| Q2 2023 | $0.24 | -65% |
| Q1 2023 | $0.34 | -45% |
| Q4 2022 | $0.32 | -33% |
| Q3 2022 | $0.45 | +55% |
WOOF 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 WOOF 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.
WOOF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | 0% |
| Q2 2026 | $1.5B | +0.2% |
| Q1 2026 | $1.5B | -2.4% |
| Q4 2025 | $1.5B | -3.1% |
| Q3 2025 | $1.5B | -2.3% |
| Q2 2025 | $1.5B | -2.3% |
| Q1 2025 | $1.6B | -7.3% |
| Q4 2024 | $1.5B | +1.2% |
WOOF's revenue grew through 2021 and has held roughly level since: $1.5B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.2% | +0.3 points |
| Q2 2026 | 1.6% | +0.5 points |
| Q1 2026 | 2.1% | +1 points |
| Q4 2025 | 2% | +1.7 points |
| Q3 2025 | 2.9% | +2.7 points |
| Q2 2025 | 1.1% | +2.2 points |
| Q1 2025 | 1.1% | +1.1 points |
| Q4 2024 | 0.3% | +83 points |
WOOF 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.
WOOF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $129.9M | +142% |
| Q2 2026 | -$69.1M | -$25.3M |
| Q1 2026 | $116.4M | +97% |
| Q4 2025 | $60.6M | +$70.9M |
| Q3 2025 | $53.8M | +28% |
| Q2 2025 | -$43.9M | -$2.8M |
| Q1 2025 | $59M | +$61.1M |
| Q4 2024 | -$10.3M | +$17.8M |
WOOF 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.
WOOF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.4% | +6.8M shares |
| 1 year | +1.7% | +4.8M shares |
| 3 years | +9.3% | +24.7M shares |
| 5 years | -1.5% | -4.3M shares |
WOOF has the edge over NIO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2021 | $105,000 |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| 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.
WOOF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 4.4x | High |
| Q3 2025 | 5.0x | High |
| Q2 2025 | 6.1x | High |
| Q1 2025 | 6.9x | High |
| Q4 2024 | 7.7x | High |
WOOF has more cash than debt.
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).
WOOF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.7 | Neutral |
| Stochastic | 58.5 | Neutral |
WOOF's weekly RSI is 57 (neutral) and its Stochastic is 58 (neutral).
NIO PE vs Consumer Cyclical Sector
NIO has no meaningful PE right now: it lost money over the past year.
WOOF PE vs Consumer Cyclical Sector
| Metric | WOOF | Sector median | Relative |
|---|---|---|---|
| PE | 29x | 18x | 59% above |
| PE % | 33 | 50 | 17 pts below |
WOOF is trading at 29x earnings, a 59% 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.
WOOF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.49 | 15% above |
| 20 week MA | $2.59 | 11% above |
| 50 week MA | $2.72 | 5.5% above |
| 100 week MA | $2.99 | 4% below |
| 200 week MA | $4.12 | 30% below |
WOOF 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.
WOOF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $27.7 | $19.7 | -29% |
| 2022 | $19.7 | $9.31 | -53% |
| 2023 | $9.31 | $3.16 | -66% |
| 2024 | $3.16 | $4.10 | +30% |
| 2025 | $4.10 | $2.93 | -29% |
| 2026 YTD | $2.93 | $2.87 | -2% |
WOOF has the edge over NIO on returns for 2026, with the stronger performance.